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%14%
1 years$76,799$76,114$75,447$74,796$74,160$72,931
2 years$38,019$37,311$36,625$35,959$35,314$34,080
3 years$25,094$24,383$23,699$23,040$22,405$21,203
4 years$18,633$17,924$17,247$16,599$15,979$14,820
5 years$14,757$14,053$13,384$12,749$12,147$11,033
6 years$12,175$11,475$10,816$10,196$9,612$8,544
7 years$10,330$9,637$8,988$8,383$7,817$6,797
8 years$8,948$8,261$7,623$7,032$6,485$5,511
9 years$7,873$7,192$6,566$5,990$5,461$4,534
10 years$7,014$6,340$5,724$5,163$4,653$3,772
11 years$6,311$5,644$5,039$4,493$4,002$3,165
12 years$5,726$5,066$4,472$3,941$3,468$2,674
13 years$5,231$4,578$3,996$3,480$3,024$2,273
14 years$4,808$4,161$3,590$3,089$2,651$1,941
15 years$4,441$3,801$3,241$2,755$2,334$1,663
16 years$4,120$3,488$2,939$2,467$2,063$1,431
17 years$3,838$3,212$2,674$2,216$1,829$1,234
18 years$3,587$2,968$2,441$1,997$1,626$1,066
19 years$3,362$2,751$2,235$1,805$1,450$924
20 years$3,161$2,556$2,051$1,634$1,295$801
21 years$2,979$2,381$1,887$1,483$1,159$696
22 years$2,813$2,222$1,739$1,349$1,039$606
23 years$2,662$2,079$1,605$1,228$932$527
24 years$2,524$1,948$1,485$1,120$838$460
25 years$2,398$1,828$1,375$1,023$754$401
26 years$2,281$1,718$1,275$935$679$350
27 years$2,173$1,617$1,184$856$612$306
28 years$2,073$1,523$1,101$785$553$267
29 years$1,980$1,437$1,025$719$499$234
30 years$1,893$1,357$954$660$451$204
31 years$1,812$1,283$890$606$408$179
32 years$1,736$1,214$830$557$369$157
33 years$1,665$1,150$775$512$334$137
34 years$1,599$1,090$724$472$302$120
35 years$1,536$1,033$677$434$274$105
36 years$1,477$981$633$400$248$92
37 years$1,421$932$593$368$225$81
38 years$1,369$885$555$339$204$71
39 years$1,319$842$520$313$185$62
40 years$1,271$801$488$289$168$54
41 years$1,227$762$457$266$152$48
42 years$1,184$726$429$246$138$42
43 years$1,144$692$402$227$125$37
44 years$1,105$659$378$210$114$32
45 years$1,068$629$355$194$103$28
46 years$1,033$600$333$179$94$25
47 years$1,000$573$313$165$85$22
48 years$968$547$294$153$77$19
49 years$937$522$276$141$70$17
50 years$908$499$260$130$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $930,000, adding $6,278 every year, while hoping to spend $50,653 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: 42/29/29 Blend
67$930,000$930,000$930,000$930,000
68$1,031,336$982,046$967,631$1,065,673
69$1,082,638$976,272$946,152$1,085,254
70$1,137,475$968,517$922,256$1,101,227
71$1,196,154$958,631$895,808$1,117,569
72$1,259,012$946,454$866,668$1,134,345
73$1,326,418$931,818$834,689$1,151,630
74$1,398,778$914,542$799,716$1,169,512
75$1,476,537$894,438$761,590$1,188,091
76$1,560,181$871,303$720,141$1,207,481
77$1,650,249$844,926$675,195$1,227,813
78$1,747,327$815,080$626,567$1,249,237
79$1,852,063$781,528$574,065$1,271,920
80$1,965,167$744,016$517,490$1,296,056
81$2,087,420$702,279$456,632$1,321,862
82$2,219,680$656,033$391,272$1,349,584
83$2,362,889$604,981$321,181$1,379,498
84$2,518,085$548,806$246,122$1,411,919
85$2,686,408$487,176$165,845$1,447,197
86$2,869,111$419,737$80,091$1,485,728
87$3,067,573$346,117$0$1,527,956
88$3,283,312$265,923$0$1,577,913
89$3,517,996$178,740$0$1,659,299
90$3,773,461$84,127$0$1,748,021
91$4,051,727$0$0$1,844,872
92$4,355,017$0$0$1,956,596
93$4,685,779$0$0$2,107,825
94$5,046,705$0$0$2,272,956
95$5,440,758$0$0$2,453,360
96$5,871,203$0$0$2,650,545
97$6,341,631$0$0$2,866,171
98$6,855,997$0$0$3,102,067
99$7,418,656$0$0$3,360,246
100$8,034,401$0$0$3,642,925