Can I retire at age 68 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$76,551$75,869$75,204$74,554$73,920$72,398
2 years$37,896$37,191$36,507$35,843$35,200$33,674
3 years$25,013$24,304$23,622$22,965$22,332$20,849
4 years$18,573$17,866$17,191$16,545$15,928$14,499
5 years$14,710$14,007$13,341$12,708$12,108$10,738
6 years$12,135$11,438$10,781$10,163$9,581$8,271
7 years$10,297$9,606$8,959$8,355$7,792$6,542
8 years$8,919$8,234$7,598$7,009$6,464$5,274
9 years$7,848$7,169$6,544$5,970$5,444$4,313
10 years$6,991$6,319$5,706$5,146$4,638$3,566
11 years$6,291$5,626$5,023$4,479$3,989$2,973
12 years$5,708$5,049$4,458$3,929$3,457$2,496
13 years$5,215$4,563$3,983$3,468$3,014$2,108
14 years$4,792$4,148$3,579$3,079$2,642$1,787
15 years$4,427$3,789$3,231$2,746$2,327$1,522
16 years$4,107$3,476$2,929$2,459$2,056$1,299
17 years$3,825$3,202$2,666$2,209$1,823$1,113
18 years$3,575$2,958$2,433$1,991$1,621$955
19 years$3,352$2,742$2,228$1,799$1,445$821
20 years$3,151$2,548$2,044$1,629$1,291$707
21 years$2,969$2,373$1,880$1,479$1,155$609
22 years$2,804$2,215$1,733$1,344$1,035$526
23 years$2,654$2,072$1,600$1,224$929$455
24 years$2,516$1,941$1,480$1,117$835$393
25 years$2,390$1,822$1,371$1,020$752$340
26 years$2,273$1,712$1,271$932$677$295
27 years$2,166$1,611$1,180$854$610$255
28 years$2,066$1,518$1,097$782$551$221
29 years$1,973$1,432$1,021$717$497$192
30 years$1,887$1,353$951$658$449$167
31 years$1,806$1,279$887$604$406$145
32 years$1,731$1,210$827$555$368$125
33 years$1,660$1,146$773$511$333$109
34 years$1,594$1,086$722$470$301$95
35 years$1,531$1,030$675$433$273$82
36 years$1,472$978$631$398$247$71
37 years$1,417$929$591$367$224$62
38 years$1,364$883$553$338$203$54
39 years$1,314$839$518$312$184$47
40 years$1,267$798$486$288$167$41
41 years$1,223$760$456$266$152$35
42 years$1,180$724$427$245$137$31
43 years$1,140$690$401$226$125$27
44 years$1,101$657$376$209$113$23
45 years$1,065$627$353$193$103$20
46 years$1,030$598$332$178$93$18
47 years$997$571$312$165$85$15
48 years$965$545$293$152$77$13
49 years$934$520$276$141$70$12
50 years$905$497$259$130$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $927,000, adding $6,272 every year, while hoping to spend $22,710 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: 87/6/7 Blend
67$927,000$927,000$927,000$927,000
68$1,028,024$978,893$964,524$1,116,389
69$1,108,719$1,002,695$972,672$1,198,723
70$1,196,884$1,026,903$980,332$1,285,399
71$1,293,256$1,051,511$987,464$1,379,934
72$1,398,649$1,076,516$994,025$1,483,103
73$1,513,956$1,101,911$999,970$1,595,760
74$1,640,164$1,127,688$1,005,252$1,718,845
75$1,778,355$1,153,839$1,009,823$1,853,395
76$1,929,725$1,180,355$1,013,630$2,000,550
77$2,095,589$1,207,225$1,016,619$2,161,567
78$2,277,396$1,234,436$1,018,733$2,337,830
79$2,476,741$1,261,974$1,019,911$2,530,863
80$2,695,382$1,289,823$1,020,090$2,742,346
81$2,935,253$1,317,967$1,019,205$2,974,128
82$3,198,486$1,346,385$1,017,187$3,228,247
83$3,487,430$1,375,056$1,013,961$3,506,947
84$3,804,672$1,403,958$1,009,452$3,812,703
85$4,153,060$1,433,063$1,003,581$4,148,237
86$4,535,734$1,462,345$996,262$4,516,553
87$4,956,150$1,491,771$987,409$4,920,956
88$5,418,119$1,521,310$976,928$5,365,090
89$5,925,837$1,550,924$964,725$5,852,970
90$6,483,927$1,580,573$950,698$6,389,017
91$7,097,482$1,610,216$934,741$6,978,105
92$7,772,113$1,639,805$916,743$7,625,603
93$8,514,004$1,669,290$896,589$8,337,428
94$9,329,965$1,698,619$874,158$9,120,096
95$10,227,502$1,727,731$849,322$9,980,792
96$11,214,883$1,756,566$821,950$10,927,428
97$12,301,218$1,785,054$791,902$11,968,725
98$13,496,545$1,813,125$759,034$13,114,293
99$14,811,925$1,840,700$723,194$14,374,719
100$16,259,544$1,867,697$684,223$15,761,670