Can I retire at age 68 with 925,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
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%13.5%
1 years$76,386$75,705$75,041$74,393$73,761$72,689
2 years$37,815$37,110$36,428$35,766$35,124$34,046
3 years$24,959$24,252$23,571$22,916$22,284$21,234
4 years$18,533$17,828$17,154$16,509$15,893$14,879
5 years$14,678$13,977$13,312$12,681$12,082$11,106
6 years$12,109$11,413$10,758$10,141$9,560$8,624
7 years$10,275$9,585$8,940$8,337$7,775$6,879
8 years$8,900$8,216$7,582$6,994$6,450$5,595
9 years$7,831$7,154$6,530$5,957$5,432$4,616
10 years$6,976$6,306$5,693$5,135$4,628$3,852
11 years$6,277$5,613$5,012$4,469$3,980$3,242
12 years$5,695$5,038$4,448$3,920$3,449$2,748
13 years$5,203$4,553$3,974$3,461$3,008$2,343
14 years$4,782$4,139$3,571$3,072$2,637$2,008
15 years$4,417$3,781$3,224$2,740$2,322$1,727
16 years$4,098$3,469$2,923$2,453$2,052$1,490
17 years$3,817$3,195$2,660$2,204$1,819$1,290
18 years$3,567$2,952$2,428$1,986$1,618$1,119
19 years$3,344$2,736$2,223$1,795$1,442$973
20 years$3,144$2,542$2,040$1,626$1,288$847
21 years$2,963$2,368$1,876$1,475$1,152$739
22 years$2,798$2,211$1,729$1,341$1,033$645
23 years$2,648$2,067$1,597$1,222$927$564
24 years$2,511$1,937$1,477$1,114$833$493
25 years$2,385$1,818$1,368$1,018$750$432
26 years$2,269$1,708$1,269$930$676$379
27 years$2,161$1,608$1,178$852$609$332
28 years$2,062$1,515$1,095$780$550$291
29 years$1,969$1,429$1,019$716$496$256
30 years$1,883$1,350$949$657$448$225
31 years$1,802$1,276$885$603$405$198
32 years$1,727$1,207$826$554$367$174
33 years$1,657$1,143$771$510$332$153
34 years$1,590$1,084$720$469$300$134
35 years$1,528$1,028$673$432$272$118
36 years$1,469$976$630$398$247$104
37 years$1,414$927$590$366$223$91
38 years$1,361$881$552$338$203$80
39 years$1,312$837$517$311$184$71
40 years$1,265$797$485$287$167$62
41 years$1,220$758$455$265$151$55
42 years$1,178$722$426$245$137$48
43 years$1,137$688$400$226$125$43
44 years$1,099$656$376$208$113$37
45 years$1,062$626$353$192$103$33
46 years$1,028$597$331$178$93$29
47 years$994$569$311$164$85$26
48 years$963$544$292$152$77$23
49 years$932$519$275$140$70$20
50 years$903$496$258$130$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $925,000, adding $2,780 every year, while hoping to spend $28,798 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: 48/27/25 Blend
67$925,000$925,000$925,000$925,000
68$1,022,218$973,193$958,855$1,063,891
69$1,095,843$990,238$960,336$1,110,411
70$1,176,013$1,007,154$960,901$1,157,823
71$1,263,365$1,023,903$960,490$1,208,736
72$1,358,599$1,040,445$959,037$1,263,494
73$1,462,488$1,056,739$956,477$1,322,476
74$1,575,882$1,072,739$952,739$1,386,099
75$1,699,714$1,088,396$947,748$1,454,826
76$1,835,015$1,103,657$941,427$1,529,166
77$1,982,917$1,118,466$933,696$1,609,681
78$2,144,668$1,132,765$924,468$1,696,994
79$2,321,641$1,146,488$913,655$1,791,789
80$2,515,350$1,159,567$901,164$1,894,824
81$2,727,460$1,171,930$886,897$2,006,932
82$2,959,804$1,183,498$870,752$2,129,037
83$3,214,403$1,194,189$852,621$2,262,155
84$3,493,482$1,203,913$832,393$2,407,409
85$3,799,489$1,212,577$809,950$2,566,038
86$4,135,124$1,220,080$785,170$2,739,410
87$4,503,358$1,226,315$757,925$2,929,033
88$4,907,465$1,231,169$728,080$3,136,572
89$5,351,051$1,234,522$695,496$3,363,865
90$5,838,089$1,236,243$660,025$3,612,938
91$6,372,952$1,236,198$621,515$3,886,027
92$6,960,463$1,234,241$579,805$4,185,600
93$7,605,930$1,230,219$534,728$4,514,379
94$8,315,202$1,223,967$486,109$4,875,367
95$9,094,725$1,215,314$433,766$5,271,876
96$9,951,597$1,204,074$377,507$5,707,561
97$10,893,641$1,190,054$317,134$6,186,452
98$11,929,472$1,173,047$252,438$6,712,995
99$13,068,586$1,152,834$183,203$7,292,094
100$14,321,443$1,129,184$109,201$7,929,159