Can I retire at age 68 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$77,129$76,442$75,772$75,117$74,478$71,922
2 years$38,183$37,471$36,782$36,114$35,466$32,916
3 years$25,202$24,488$23,801$23,139$22,501$20,038
4 years$18,713$18,001$17,321$16,670$16,048$13,691
5 years$14,821$14,113$13,442$12,804$12,199$9,954
6 years$12,227$11,525$10,863$10,240$9,653$7,522
7 years$10,375$9,678$9,027$8,419$7,850$5,833
8 years$8,986$8,296$7,656$7,062$6,513$4,607
9 years$7,907$7,223$6,594$6,015$5,485$3,688
10 years$7,044$6,367$5,749$5,185$4,673$2,983
11 years$6,338$5,668$5,061$4,513$4,019$2,432
12 years$5,751$5,087$4,492$3,958$3,483$1,996
13 years$5,254$4,597$4,013$3,495$3,037$1,646
14 years$4,828$4,179$3,606$3,102$2,662$1,362
15 years$4,460$3,818$3,255$2,767$2,344$1,132
16 years$4,138$3,503$2,951$2,477$2,072$942
17 years$3,854$3,226$2,686$2,226$1,837$787
18 years$3,602$2,981$2,452$2,006$1,633$658
19 years$3,377$2,763$2,244$1,812$1,456$551
20 years$3,174$2,567$2,060$1,641$1,300$462
21 years$2,991$2,391$1,895$1,490$1,164$388
22 years$2,825$2,232$1,746$1,355$1,043$326
23 years$2,674$2,088$1,612$1,234$936$274
24 years$2,535$1,956$1,491$1,125$842$230
25 years$2,408$1,836$1,381$1,028$757$194
26 years$2,291$1,725$1,281$940$682$163
27 years$2,182$1,624$1,189$860$615$137
28 years$2,082$1,530$1,106$788$555$116
29 years$1,988$1,443$1,029$723$501$98
30 years$1,901$1,363$958$663$453$82
31 years$1,820$1,288$894$609$409$69
32 years$1,744$1,219$834$560$370$58
33 years$1,673$1,155$778$515$335$49
34 years$1,606$1,094$727$474$303$42
35 years$1,543$1,038$680$436$275$35
36 years$1,483$985$636$401$249$30
37 years$1,427$936$595$370$226$25
38 years$1,374$889$558$341$205$21
39 years$1,324$846$522$314$186$18
40 years$1,277$804$490$290$168$15
41 years$1,232$766$459$268$153$13
42 years$1,189$729$431$247$139$11
43 years$1,148$695$404$228$126$9
44 years$1,110$662$379$210$114$8
45 years$1,073$632$356$194$104$6
46 years$1,038$603$335$180$94$5
47 years$1,004$575$314$166$85$5
48 years$972$549$295$153$78$4
49 years$941$524$278$142$70$3
50 years$912$501$261$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $934,000, adding $5,134 every year, while hoping to spend $43,498 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: 45/50/5 Blend
67$934,000$934,000$934,000$934,000
68$1,034,564$985,062$970,585$1,079,478
69$1,093,808$987,048$956,818$1,112,905
70$1,157,637$987,674$941,132$1,144,181
71$1,226,472$986,827$923,416$1,177,065
72$1,300,778$984,387$903,557$1,211,719
73$1,381,063$980,228$881,431$1,248,323
74$1,467,887$974,214$856,915$1,287,077
75$1,561,864$966,203$829,874$1,328,204
76$1,663,671$956,044$800,171$1,371,953
77$1,774,051$943,576$767,663$1,418,601
78$1,893,821$928,628$732,196$1,468,457
79$2,023,881$911,020$693,615$1,521,864
80$2,165,218$890,562$651,752$1,579,203
81$2,318,922$867,051$606,437$1,640,899
82$2,486,187$840,272$557,489$1,707,424
83$2,668,333$810,000$504,719$1,779,302
84$2,866,806$775,993$447,931$1,857,116
85$3,083,203$737,999$386,918$1,941,514
86$3,319,277$695,749$321,468$2,033,213
87$3,576,961$648,958$251,355$2,133,012
88$3,858,381$597,327$176,345$2,241,795
89$4,165,877$540,538$96,194$2,360,544
90$4,502,028$478,255$10,648$2,490,349
91$4,869,669$410,124$0$2,632,416
92$5,271,926$335,771$0$2,792,387
93$5,712,238$254,799$0$2,968,328
94$6,194,392$166,790$0$3,161,331
95$6,722,561$71,304$0$3,373,231
96$7,301,338$0$0$3,606,064
97$7,935,782$0$0$3,879,756
98$8,631,465$0$0$4,222,993
99$9,394,524$0$0$4,599,588
100$10,231,718$0$0$5,012,889