Can I retire at age 68 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$76,799$76,114$75,447$74,796$74,160$72,308
2 years$38,019$37,311$36,625$35,959$35,314$33,460
3 years$25,094$24,383$23,699$23,040$22,405$20,607
4 years$18,633$17,924$17,247$16,599$15,979$14,251
5 years$14,757$14,053$13,384$12,749$12,147$10,493
6 years$12,175$11,475$10,816$10,196$9,612$8,034
7 years$10,330$9,637$8,988$8,383$7,817$6,316
8 years$8,948$8,261$7,623$7,032$6,485$5,059
9 years$7,873$7,192$6,566$5,990$5,461$4,110
10 years$7,014$6,340$5,724$5,163$4,653$3,375
11 years$6,311$5,644$5,039$4,493$4,002$2,794
12 years$5,726$5,066$4,472$3,941$3,468$2,329
13 years$5,231$4,578$3,996$3,480$3,024$1,952
14 years$4,808$4,161$3,590$3,089$2,651$1,643
15 years$4,441$3,801$3,241$2,755$2,334$1,388
16 years$4,120$3,488$2,939$2,467$2,063$1,176
17 years$3,838$3,212$2,674$2,216$1,829$999
18 years$3,587$2,968$2,441$1,997$1,626$850
19 years$3,362$2,751$2,235$1,805$1,450$725
20 years$3,161$2,556$2,051$1,634$1,295$619
21 years$2,979$2,381$1,887$1,483$1,159$529
22 years$2,813$2,222$1,739$1,349$1,039$453
23 years$2,662$2,079$1,605$1,228$932$388
24 years$2,524$1,948$1,485$1,120$838$333
25 years$2,398$1,828$1,375$1,023$754$286
26 years$2,281$1,718$1,275$935$679$245
27 years$2,173$1,617$1,184$856$612$211
28 years$2,073$1,523$1,101$785$553$181
29 years$1,980$1,437$1,025$719$499$155
30 years$1,893$1,357$954$660$451$134
31 years$1,812$1,283$890$606$408$115
32 years$1,736$1,214$830$557$369$99
33 years$1,665$1,150$775$512$334$85
34 years$1,599$1,090$724$472$302$73
35 years$1,536$1,033$677$434$274$63
36 years$1,477$981$633$400$248$54
37 years$1,421$932$593$368$225$47
38 years$1,369$885$555$339$204$40
39 years$1,319$842$520$313$185$35
40 years$1,271$801$488$289$168$30
41 years$1,227$762$457$266$152$26
42 years$1,184$726$429$246$138$22
43 years$1,144$692$402$227$125$19
44 years$1,105$659$378$210$114$16
45 years$1,068$629$355$194$103$14
46 years$1,033$600$333$179$94$12
47 years$1,000$573$313$165$85$10
48 years$968$547$294$153$77$9
49 years$937$522$276$141$70$8
50 years$908$499$260$130$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $930,000, adding $6,977 every year, while hoping to spend $37,437 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: 81/8/11 Blend
67$930,000$930,000$930,000$930,000
68$1,032,057$982,767$968,352$1,113,146
69$1,097,494$991,090$960,959$1,175,658
70$1,168,351$998,566$952,064$1,238,635
71$1,245,141$1,005,114$941,576$1,306,654
72$1,328,429$1,010,648$929,402$1,380,199
73$1,418,835$1,015,076$915,443$1,459,806
74$1,517,042$1,018,300$899,597$1,546,065
75$1,623,800$1,020,217$881,754$1,639,624
76$1,739,937$1,020,717$861,802$1,741,201
77$1,866,361$1,019,683$839,622$1,851,581
78$2,004,072$1,016,989$815,092$1,971,635
79$2,154,171$1,012,505$788,081$2,102,319
80$2,317,869$1,006,091$758,454$2,244,687
81$2,496,499$997,597$726,070$2,399,901
82$2,691,529$986,866$690,781$2,569,241
83$2,904,575$973,732$652,431$2,754,117
84$3,137,414$958,017$610,860$2,956,084
85$3,392,005$939,535$565,898$3,176,854
86$3,670,503$918,085$517,369$3,418,316
87$3,975,282$893,459$465,089$3,682,550
88$4,308,955$865,434$408,864$3,971,847
89$4,674,402$833,773$348,495$4,288,736
90$5,074,791$798,228$283,769$4,636,001
91$5,513,613$758,535$214,469$5,016,710
92$5,994,713$714,414$140,364$5,434,246
93$6,522,324$665,570$61,217$5,892,336
94$7,101,110$611,692$0$6,395,089
95$7,736,208$552,450$0$6,949,762
96$8,433,275$487,494$0$7,566,462
97$9,198,545$416,457$0$8,243,527
98$10,038,882$338,949$0$8,987,054
99$10,961,849$254,559$0$9,803,759
100$11,975,777$162,852$0$10,701,041