Can I retire at age 68 with 931,000?

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 $931,000?

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$76,881$76,196$75,528$74,876$74,239$73,009
2 years$38,060$37,351$36,664$35,998$35,352$34,117
3 years$25,121$24,409$23,724$23,064$22,429$21,226
4 years$18,653$17,943$17,265$16,617$15,996$14,836
5 years$14,773$14,068$13,398$12,763$12,160$11,045
6 years$12,188$11,487$10,828$10,207$9,622$8,554
7 years$10,341$9,647$8,998$8,392$7,825$6,804
8 years$8,957$8,269$7,631$7,039$6,492$5,517
9 years$7,882$7,200$6,573$5,996$5,467$4,539
10 years$7,021$6,346$5,730$5,169$4,658$3,776
11 years$6,318$5,650$5,045$4,498$4,006$3,168
12 years$5,732$5,071$4,477$3,946$3,472$2,677
13 years$5,237$4,583$4,000$3,483$3,027$2,275
14 years$4,813$4,166$3,594$3,092$2,654$1,943
15 years$4,446$3,805$3,245$2,758$2,337$1,665
16 years$4,125$3,491$2,942$2,469$2,065$1,432
17 years$3,842$3,215$2,677$2,219$1,831$1,235
18 years$3,591$2,971$2,444$1,999$1,628$1,067
19 years$3,366$2,754$2,237$1,807$1,451$925
20 years$3,164$2,559$2,053$1,636$1,296$802
21 years$2,982$2,383$1,889$1,485$1,160$697
22 years$2,816$2,225$1,741$1,350$1,040$606
23 years$2,665$2,081$1,607$1,230$933$528
24 years$2,527$1,950$1,486$1,121$839$460
25 years$2,400$1,830$1,377$1,024$755$401
26 years$2,283$1,720$1,277$936$680$350
27 years$2,175$1,618$1,186$857$613$306
28 years$2,075$1,525$1,102$785$553$268
29 years$1,982$1,439$1,026$720$499$234
30 years$1,895$1,359$955$661$451$205
31 years$1,814$1,284$891$607$408$179
32 years$1,738$1,215$831$558$369$157
33 years$1,667$1,151$776$513$334$137
34 years$1,601$1,091$725$472$302$120
35 years$1,538$1,035$678$435$274$105
36 years$1,479$982$634$400$248$92
37 years$1,423$933$593$369$225$81
38 years$1,370$886$556$340$204$71
39 years$1,320$843$521$313$185$62
40 years$1,273$802$488$289$168$54
41 years$1,228$763$458$267$152$48
42 years$1,185$727$429$246$138$42
43 years$1,145$693$403$227$125$37
44 years$1,106$660$378$210$114$32
45 years$1,069$630$355$194$103$28
46 years$1,034$601$333$179$94$25
47 years$1,001$573$313$165$85$22
48 years$969$547$294$153$77$19
49 years$938$522$277$141$70$17
50 years$909$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 $931,000, adding $4,480 every year, while hoping to spend $37,894 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: 68/26/6 Blend
67$931,000$931,000$931,000$931,000
68$1,030,583$981,240$966,810$1,099,464
69$1,095,384$989,002$958,879$1,153,428
70$1,165,524$995,874$949,412$1,207,383
71$1,241,508$1,001,773$938,319$1,265,354
72$1,323,892$1,006,609$925,502$1,327,726
73$1,413,284$1,010,289$910,862$1,394,927
74$1,510,357$1,012,711$894,294$1,467,424
75$1,615,849$1,013,769$875,688$1,545,734
76$1,730,571$1,013,349$854,928$1,630,429
77$1,855,416$1,011,330$831,895$1,722,137
78$1,991,368$1,007,585$806,463$1,821,552
79$2,139,508$1,001,977$778,500$1,929,440
80$2,301,026$994,362$747,869$2,046,644
81$2,477,233$984,588$714,424$2,174,097
82$2,669,570$972,492$678,017$2,312,826
83$2,879,625$957,903$638,489$2,463,962
84$3,109,145$940,639$595,677$2,628,757
85$3,360,053$920,506$549,408$2,808,587
86$3,634,469$897,300$499,503$3,004,975
87$3,934,722$870,806$445,774$3,219,596
88$4,263,383$840,794$388,026$3,454,301
89$4,623,277$807,022$326,054$3,711,130
90$5,017,518$769,233$259,644$3,992,333
91$5,449,536$727,157$188,574$4,300,392
92$5,923,108$680,506$112,610$4,638,045
93$6,442,392$628,978$31,509$5,008,310
94$7,011,969$572,251$0$5,414,519
95$7,636,885$509,987$0$5,863,866
96$8,322,698$441,827$0$6,359,260
97$9,075,530$367,394$0$6,903,166
98$9,902,125$286,286$0$7,500,528
99$10,809,910$198,082$0$8,156,798
100$11,807,068$102,336$0$8,877,987