Can I retire at age 68 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$76,716$76,033$75,366$74,715$74,080$72,733
2 years$37,978$37,271$36,585$35,921$35,276$33,924
3 years$25,067$24,357$23,673$23,015$22,381$21,065
4 years$18,613$17,905$17,228$16,581$15,962$14,694
5 years$14,742$14,038$13,370$12,736$12,134$10,916
6 years$12,161$11,463$10,805$10,185$9,601$8,436
7 years$10,319$9,626$8,979$8,374$7,808$6,695
8 years$8,938$8,252$7,615$7,024$6,478$5,416
9 years$7,865$7,185$6,559$5,983$5,455$4,445
10 years$7,006$6,333$5,718$5,158$4,648$3,689
11 years$6,304$5,638$5,034$4,489$3,998$3,087
12 years$5,720$5,060$4,467$3,937$3,464$2,602
13 years$5,226$4,573$3,991$3,476$3,021$2,206
14 years$4,803$4,157$3,586$3,086$2,648$1,878
15 years$4,436$3,797$3,238$2,752$2,332$1,606
16 years$4,116$3,484$2,936$2,464$2,061$1,377
17 years$3,833$3,208$2,671$2,214$1,827$1,184
18 years$3,583$2,965$2,439$1,995$1,625$1,020
19 years$3,359$2,748$2,232$1,803$1,448$881
20 years$3,157$2,553$2,049$1,633$1,293$762
21 years$2,975$2,378$1,884$1,482$1,157$660
22 years$2,810$2,220$1,737$1,347$1,037$573
23 years$2,660$2,076$1,604$1,227$931$497
24 years$2,522$1,945$1,483$1,119$837$432
25 years$2,395$1,826$1,374$1,022$753$376
26 years$2,278$1,716$1,274$934$678$327
27 years$2,171$1,615$1,183$855$612$285
28 years$2,071$1,522$1,100$784$552$248
29 years$1,978$1,435$1,023$719$498$216
30 years$1,891$1,356$953$660$450$188
31 years$1,810$1,282$889$606$407$164
32 years$1,735$1,213$829$557$368$143
33 years$1,664$1,148$774$512$333$125
34 years$1,597$1,088$723$471$302$109
35 years$1,534$1,032$676$434$273$95
36 years$1,475$980$633$399$248$83
37 years$1,420$931$592$368$224$73
38 years$1,367$884$555$339$203$63
39 years$1,317$841$520$313$185$55
40 years$1,270$800$487$288$167$48
41 years$1,225$762$457$266$152$42
42 years$1,183$725$428$246$138$37
43 years$1,142$691$402$227$125$32
44 years$1,104$659$377$209$114$28
45 years$1,067$628$354$193$103$25
46 years$1,032$599$333$179$94$22
47 years$999$572$313$165$85$19
48 years$967$546$294$152$77$16
49 years$936$521$276$141$70$14
50 years$907$498$260$130$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $929,000, adding $2,681 every year, while hoping to spend $42,664 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: 62/19/19 Blend
67$929,000$929,000$929,000$929,000
68$1,026,523$977,286$962,887$1,085,004
69$1,085,835$979,779$949,749$1,127,245
70$1,149,766$980,964$934,742$1,168,328
71$1,218,743$980,733$917,757$1,212,190
72$1,293,234$978,968$898,681$1,259,109
73$1,373,754$975,548$877,397$1,309,386
74$1,460,869$970,341$853,781$1,363,358
75$1,555,199$963,209$827,705$1,421,398
76$1,657,428$954,006$799,032$1,483,917
77$1,768,309$942,575$767,622$1,551,369
78$1,888,666$928,751$733,328$1,624,257
79$2,019,410$912,360$695,994$1,703,138
80$2,161,540$893,215$655,460$1,788,625
81$2,316,155$871,121$611,556$1,881,399
82$2,484,467$845,870$564,107$1,982,210
83$2,667,807$817,242$512,929$2,091,888
84$2,867,640$785,003$457,829$2,211,351
85$3,085,579$748,908$398,606$2,341,612
86$3,323,399$708,696$335,050$2,483,790
87$3,583,054$664,090$266,943$2,639,124
88$3,866,695$614,800$194,055$2,808,979
89$4,176,689$560,517$116,147$2,994,866
90$4,515,645$500,915$32,971$3,198,452
91$4,886,431$435,650$0$3,421,577
92$5,292,208$364,359$0$3,677,588
93$5,736,456$286,655$0$3,965,286
94$6,223,008$202,135$0$4,280,519
95$6,756,083$110,368$0$4,626,082
96$7,340,329$10,901$0$5,005,062
97$7,980,865$0$0$5,420,859
98$8,683,327$0$0$5,897,451
99$9,453,926$0$0$6,422,841
100$10,299,501$0$0$6,999,423