Can I retire at age 68 with 925,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$76,386$75,705$75,041$74,393$73,761$73,450
2 years$37,815$37,110$36,428$35,766$35,124$34,810
3 years$24,959$24,252$23,571$22,916$22,284$21,977
4 years$18,533$17,828$17,154$16,509$15,893$15,595
5 years$14,678$13,977$13,312$12,681$12,082$11,794
6 years$12,109$11,413$10,758$10,141$9,560$9,282
7 years$10,275$9,585$8,940$8,337$7,775$7,508
8 years$8,900$8,216$7,582$6,994$6,450$6,193
9 years$7,831$7,154$6,530$5,957$5,432$5,186
10 years$6,976$6,306$5,693$5,135$4,628$4,392
11 years$6,277$5,613$5,012$4,469$3,980$3,755
12 years$5,695$5,038$4,448$3,920$3,449$3,234
13 years$5,203$4,553$3,974$3,461$3,008$2,802
14 years$4,782$4,139$3,571$3,072$2,637$2,441
15 years$4,417$3,781$3,224$2,740$2,322$2,135
16 years$4,098$3,469$2,923$2,453$2,052$1,874
17 years$3,817$3,195$2,660$2,204$1,819$1,651
18 years$3,567$2,952$2,428$1,986$1,618$1,457
19 years$3,344$2,736$2,223$1,795$1,442$1,290
20 years$3,144$2,542$2,040$1,626$1,288$1,144
21 years$2,963$2,368$1,876$1,475$1,152$1,016
22 years$2,798$2,211$1,729$1,341$1,033$904
23 years$2,648$2,067$1,597$1,222$927$806
24 years$2,511$1,937$1,477$1,114$833$719
25 years$2,385$1,818$1,368$1,018$750$642
26 years$2,269$1,708$1,269$930$676$574
27 years$2,161$1,608$1,178$852$609$513
28 years$2,062$1,515$1,095$780$550$460
29 years$1,969$1,429$1,019$716$496$412
30 years$1,883$1,350$949$657$448$369
31 years$1,802$1,276$885$603$405$331
32 years$1,727$1,207$826$554$367$297
33 years$1,657$1,143$771$510$332$267
34 years$1,590$1,084$720$469$300$239
35 years$1,528$1,028$673$432$272$215
36 years$1,469$976$630$398$247$193
37 years$1,414$927$590$366$223$174
38 years$1,361$881$552$338$203$156
39 years$1,312$837$517$311$184$140
40 years$1,265$797$485$287$167$126
41 years$1,220$758$455$265$151$114
42 years$1,178$722$426$245$137$102
43 years$1,137$688$400$226$125$92
44 years$1,099$656$376$208$113$83
45 years$1,062$626$353$192$103$74
46 years$1,028$597$331$178$93$67
47 years$994$569$311$164$85$60
48 years$963$544$292$152$77$54
49 years$932$519$275$140$70$49
50 years$903$496$258$130$63$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $925,000, adding $5,878 every year, while hoping to spend $42,189 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 72/5/23 Blend
67$925,000$925,000$925,000$925,000
68$1,025,413$976,388$962,051$1,092,993
69$1,085,117$979,342$949,391$1,141,769
70$1,149,496$981,027$934,892$1,189,610
71$1,218,983$981,336$918,450$1,240,974
72$1,294,053$980,156$899,952$1,296,204
73$1,375,229$977,366$879,283$1,355,683
74$1,463,084$972,839$856,321$1,419,828
75$1,558,249$966,438$830,938$1,489,105
76$1,661,418$958,021$803,001$1,564,023
77$1,773,353$947,434$772,372$1,645,148
78$1,894,893$934,517$738,905$1,733,101
79$2,026,961$919,097$702,447$1,828,571
80$2,170,572$900,994$662,840$1,932,314
81$2,326,842$880,014$619,917$2,045,168
82$2,497,000$855,955$573,505$2,168,055
83$2,682,398$828,601$523,421$2,301,995
84$2,884,524$797,724$469,477$2,448,110
85$3,105,016$763,082$411,474$2,607,640
86$3,345,674$724,421$349,206$2,781,953
87$3,608,485$681,469$282,456$2,972,558
88$3,895,631$633,941$210,999$3,181,120
89$4,209,517$581,536$134,599$3,409,473
90$4,552,790$523,934$53,010$3,659,644
91$4,928,365$460,796$0$3,933,867
92$5,339,450$391,768$0$4,242,964
93$5,789,582$316,472$0$4,595,722
94$6,282,649$234,510$0$4,982,184
95$6,822,940$145,461$0$5,405,729
96$7,415,173$48,882$0$5,870,076
97$8,064,547$0$0$6,379,327
98$8,776,788$0$0$6,941,062
99$9,558,201$0$0$7,560,349
100$10,415,733$0$0$8,240,009