Can I retire at age 68 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$76,633$75,951$75,285$74,635$74,000$73,045
2 years$37,937$37,231$36,546$35,882$35,238$34,277
3 years$25,040$24,331$23,648$22,990$22,357$21,420
4 years$18,593$17,886$17,209$16,563$15,945$15,039
5 years$14,726$14,023$13,355$12,722$12,121$11,250
6 years$12,148$11,450$10,793$10,174$9,591$8,754
7 years$10,308$9,616$8,969$8,364$7,800$6,999
8 years$8,929$8,243$7,606$7,017$6,471$5,705
9 years$7,856$7,177$6,551$5,977$5,449$4,718
10 years$6,999$6,326$5,712$5,152$4,643$3,946
11 years$6,298$5,632$5,028$4,484$3,993$3,330
12 years$5,714$5,055$4,463$3,933$3,460$2,830
13 years$5,220$4,568$3,987$3,472$3,018$2,420
14 years$4,797$4,152$3,582$3,082$2,645$2,079
15 years$4,431$3,793$3,234$2,749$2,329$1,793
16 years$4,111$3,480$2,933$2,461$2,058$1,551
17 years$3,829$3,205$2,668$2,211$1,825$1,346
18 years$3,579$2,962$2,436$1,993$1,623$1,171
19 years$3,355$2,745$2,230$1,801$1,446$1,021
20 years$3,154$2,551$2,047$1,631$1,292$892
21 years$2,972$2,376$1,882$1,480$1,156$780
22 years$2,807$2,218$1,735$1,346$1,036$683
23 years$2,657$2,074$1,602$1,226$930$599
24 years$2,519$1,943$1,482$1,118$836$526
25 years$2,393$1,824$1,372$1,021$752$462
26 years$2,276$1,714$1,273$933$678$406
27 years$2,168$1,613$1,182$854$611$358
28 years$2,068$1,520$1,099$783$551$315
29 years$1,975$1,434$1,022$718$498$277
30 years$1,889$1,354$952$659$450$244
31 years$1,808$1,280$888$605$407$215
32 years$1,733$1,211$828$556$368$190
33 years$1,662$1,147$773$511$333$168
34 years$1,595$1,087$723$471$301$148
35 years$1,533$1,031$676$433$273$130
36 years$1,474$979$632$399$247$115
37 years$1,418$930$592$368$224$102
38 years$1,366$883$554$339$203$90
39 years$1,316$840$519$312$184$79
40 years$1,269$799$486$288$167$70
41 years$1,224$761$456$266$152$62
42 years$1,181$725$428$245$138$55
43 years$1,141$690$402$226$125$48
44 years$1,103$658$377$209$113$43
45 years$1,066$628$354$193$103$38
46 years$1,031$599$332$178$93$33
47 years$998$571$312$165$85$29
48 years$966$545$293$152$77$26
49 years$935$521$276$141$70$23
50 years$906$497$259$130$64$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $928,000, adding $4,014 every year, while hoping to spend $31,029 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: 34/47/19 Blend
67$928,000$928,000$928,000$928,000
68$1,026,796$977,612$963,228$1,055,591
69$1,098,515$992,501$962,482$1,092,037
70$1,176,509$1,007,079$960,671$1,128,159
71$1,261,386$1,021,298$957,726$1,166,461
72$1,353,813$1,035,108$953,576$1,207,157
73$1,454,527$1,048,453$948,145$1,250,478
74$1,564,336$1,061,275$941,356$1,296,685
75$1,684,132$1,073,511$933,124$1,346,064
76$1,814,893$1,085,093$923,364$1,398,933
77$1,957,701$1,095,951$911,985$1,455,641
78$2,113,742$1,106,008$898,892$1,516,580
79$2,284,324$1,115,183$883,986$1,582,178
80$2,470,888$1,123,390$867,162$1,652,913
81$2,675,019$1,130,536$848,312$1,729,312
82$2,898,461$1,136,523$827,321$1,811,958
83$3,143,139$1,141,247$804,071$1,901,497
84$3,411,168$1,144,597$778,437$1,998,644
85$3,704,881$1,146,456$750,288$2,104,187
86$4,026,844$1,146,697$719,487$2,219,000
87$4,379,885$1,145,189$685,893$2,344,050
88$4,767,119$1,141,789$649,356$2,480,404
89$5,191,976$1,136,347$609,721$2,629,244
90$5,658,235$1,128,705$566,824$2,791,875
91$6,170,057$1,118,694$520,495$2,969,739
92$6,732,028$1,106,135$470,556$3,164,432
93$7,349,197$1,090,839$416,823$3,377,716
94$8,027,129$1,072,604$359,100$3,611,538
95$8,771,952$1,051,217$297,185$3,868,051
96$9,590,417$1,026,452$230,867$4,149,631
97$10,489,963$998,072$159,925$4,458,904
98$11,478,784$965,823$84,127$4,798,770
99$12,565,909$929,437$3,234$5,172,434
100$13,761,284$888,631$0$5,583,433