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%19.1%
1 years$76,881$76,196$75,528$74,876$74,239$71,520
2 years$38,060$37,351$36,664$35,998$35,352$32,643
3 years$25,121$24,409$23,724$23,064$22,429$19,814
4 years$18,653$17,943$17,265$16,617$15,996$13,497
5 years$14,773$14,068$13,398$12,763$12,160$9,783
6 years$12,188$11,487$10,828$10,207$9,622$7,368
7 years$10,341$9,647$8,998$8,392$7,825$5,694
8 years$8,957$8,269$7,631$7,039$6,492$4,481
9 years$7,882$7,200$6,573$5,996$5,467$3,574
10 years$7,021$6,346$5,730$5,169$4,658$2,880
11 years$6,318$5,650$5,045$4,498$4,006$2,339
12 years$5,732$5,071$4,477$3,946$3,472$1,912
13 years$5,237$4,583$4,000$3,483$3,027$1,570
14 years$4,813$4,166$3,594$3,092$2,654$1,294
15 years$4,446$3,805$3,245$2,758$2,337$1,070
16 years$4,125$3,491$2,942$2,469$2,065$888
17 years$3,842$3,215$2,677$2,219$1,831$738
18 years$3,591$2,971$2,444$1,999$1,628$614
19 years$3,366$2,754$2,237$1,807$1,451$512
20 years$3,164$2,559$2,053$1,636$1,296$427
21 years$2,982$2,383$1,889$1,485$1,160$357
22 years$2,816$2,225$1,741$1,350$1,040$298
23 years$2,665$2,081$1,607$1,230$933$250
24 years$2,527$1,950$1,486$1,121$839$209
25 years$2,400$1,830$1,377$1,024$755$175
26 years$2,283$1,720$1,277$936$680$147
27 years$2,175$1,618$1,186$857$613$123
28 years$2,075$1,525$1,102$785$553$103
29 years$1,982$1,439$1,026$720$499$86
30 years$1,895$1,359$955$661$451$73
31 years$1,814$1,284$891$607$408$61
32 years$1,738$1,215$831$558$369$51
33 years$1,667$1,151$776$513$334$43
34 years$1,601$1,091$725$472$302$36
35 years$1,538$1,035$678$435$274$30
36 years$1,479$982$634$400$248$25
37 years$1,423$933$593$369$225$21
38 years$1,370$886$556$340$204$18
39 years$1,320$843$521$313$185$15
40 years$1,273$802$488$289$168$13
41 years$1,228$763$458$267$152$11
42 years$1,185$727$429$246$138$9
43 years$1,145$693$403$227$125$7
44 years$1,106$660$378$210$114$6
45 years$1,069$630$355$194$103$5
46 years$1,034$601$333$179$94$4
47 years$1,001$573$313$165$85$4
48 years$969$547$294$153$77$3
49 years$938$522$277$141$70$3
50 years$909$499$260$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $931,000, adding $3,425 every year, while hoping to spend $22,138 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: 46/29/25 Blend
67$931,000$931,000$931,000$931,000
68$1,029,495$980,152$965,721$1,069,316
69$1,110,949$1,004,625$974,518$1,122,207
70$1,199,969$1,029,555$982,868$1,177,126
71$1,297,304$1,054,941$990,732$1,236,275
72$1,403,777$1,080,782$998,070$1,300,061
73$1,520,297$1,107,074$1,004,840$1,368,931
74$1,647,861$1,133,815$1,010,996$1,443,380
75$1,787,571$1,161,000$1,016,493$1,523,952
76$1,940,637$1,188,623$1,021,279$1,611,246
77$2,108,395$1,216,678$1,025,304$1,705,924
78$2,292,312$1,245,156$1,028,513$1,808,714
79$2,494,009$1,274,049$1,030,849$1,920,419
80$2,715,266$1,303,346$1,032,251$2,041,924
81$2,958,048$1,333,035$1,032,657$2,174,205
82$3,224,518$1,363,103$1,031,999$2,318,335
83$3,517,057$1,393,533$1,030,209$2,475,501
84$3,838,289$1,424,309$1,027,214$2,647,008
85$4,191,106$1,455,411$1,022,937$2,834,297
86$4,578,692$1,486,819$1,017,298$3,038,954
87$5,004,554$1,518,509$1,010,213$3,262,729
88$5,472,557$1,550,454$1,001,594$3,507,550
89$5,986,959$1,582,628$991,349$3,775,544
90$6,552,450$1,614,998$979,380$4,069,054
91$7,174,199$1,647,532$965,588$4,390,663
92$7,857,898$1,680,191$949,866$4,743,219
93$8,609,819$1,712,937$932,103$5,129,861
94$9,436,875$1,745,725$912,183$5,554,048
95$10,346,680$1,778,509$889,984$6,019,596
96$11,347,623$1,811,238$865,380$6,530,709
97$12,448,948$1,843,856$838,238$7,092,021
98$13,660,840$1,876,304$808,418$7,708,643
99$14,994,521$1,908,518$775,775$8,386,205
100$16,462,356$1,940,429$740,158$9,130,916