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%11.3%
1 years$77,129$76,442$75,772$75,117$74,478$74,071
2 years$38,183$37,471$36,782$36,114$35,466$35,055
3 years$25,202$24,488$23,801$23,139$22,501$22,099
4 years$18,713$18,001$17,321$16,670$16,048$15,658
5 years$14,821$14,113$13,442$12,804$12,199$11,823
6 years$12,227$11,525$10,863$10,240$9,653$9,290
7 years$10,375$9,678$9,027$8,419$7,850$7,502
8 years$8,986$8,296$7,656$7,062$6,513$6,178
9 years$7,907$7,223$6,594$6,015$5,485$5,164
10 years$7,044$6,367$5,749$5,185$4,673$4,366
11 years$6,338$5,668$5,061$4,513$4,019$3,725
12 years$5,751$5,087$4,492$3,958$3,483$3,202
13 years$5,254$4,597$4,013$3,495$3,037$2,770
14 years$4,828$4,179$3,606$3,102$2,662$2,408
15 years$4,460$3,818$3,255$2,767$2,344$2,102
16 years$4,138$3,503$2,951$2,477$2,072$1,841
17 years$3,854$3,226$2,686$2,226$1,837$1,618
18 years$3,602$2,981$2,452$2,006$1,633$1,426
19 years$3,377$2,763$2,244$1,812$1,456$1,259
20 years$3,174$2,567$2,060$1,641$1,300$1,115
21 years$2,991$2,391$1,895$1,490$1,164$988
22 years$2,825$2,232$1,746$1,355$1,043$877
23 years$2,674$2,088$1,612$1,234$936$780
24 years$2,535$1,956$1,491$1,125$842$694
25 years$2,408$1,836$1,381$1,028$757$618
26 years$2,291$1,725$1,281$940$682$552
27 years$2,182$1,624$1,189$860$615$492
28 years$2,082$1,530$1,106$788$555$440
29 years$1,988$1,443$1,029$723$501$393
30 years$1,901$1,363$958$663$453$351
31 years$1,820$1,288$894$609$409$314
32 years$1,744$1,219$834$560$370$281
33 years$1,673$1,155$778$515$335$252
34 years$1,606$1,094$727$474$303$226
35 years$1,543$1,038$680$436$275$202
36 years$1,483$985$636$401$249$181
37 years$1,427$936$595$370$226$162
38 years$1,374$889$558$341$205$146
39 years$1,324$846$522$314$186$131
40 years$1,277$804$490$290$168$117
41 years$1,232$766$459$268$153$105
42 years$1,189$729$431$247$139$94
43 years$1,148$695$404$228$126$85
44 years$1,110$662$379$210$114$76
45 years$1,073$632$356$194$104$68
46 years$1,038$603$335$180$94$61
47 years$1,004$575$314$166$85$55
48 years$972$549$295$153$78$49
49 years$941$524$278$142$70$44
50 years$912$501$261$131$64$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $934,000, adding $3,373 every year, while hoping to spend $30,370 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: 73/22/5 Blend
67$934,000$934,000$934,000$934,000
68$1,032,747$983,245$968,768$1,107,476
69$1,105,774$999,111$968,909$1,173,003
70$1,185,232$1,014,736$968,036$1,240,572
71$1,271,744$1,030,077$966,084$1,313,699
72$1,365,998$1,045,086$962,983$1,392,920
73$1,468,748$1,059,714$958,662$1,478,828
74$1,580,827$1,073,906$953,043$1,572,076
75$1,703,149$1,087,605$946,048$1,673,382
76$1,836,721$1,100,750$937,592$1,783,540
77$1,982,654$1,113,273$927,588$1,903,420
78$2,142,167$1,125,106$915,945$2,033,984
79$2,316,605$1,136,173$902,566$2,176,292
80$2,507,448$1,146,395$887,351$2,331,510
81$2,716,324$1,155,685$870,194$2,500,925
82$2,945,030$1,163,954$850,986$2,685,954
83$3,195,540$1,171,105$829,611$2,888,157
84$3,470,031$1,177,035$805,949$3,109,256
85$3,770,899$1,181,634$779,873$3,351,148
86$4,100,783$1,184,787$751,252$3,615,921
87$4,462,592$1,186,370$719,947$3,905,879
88$4,859,526$1,186,252$685,815$4,223,560
89$5,295,112$1,184,293$648,704$4,571,761
90$5,773,235$1,180,346$608,458$4,953,566
91$6,298,175$1,174,252$564,911$5,372,372
92$6,874,645$1,165,847$517,892$5,831,925
93$7,507,838$1,154,952$467,220$6,336,351
94$8,203,473$1,141,381$412,708$6,890,199
95$8,967,853$1,124,934$354,159$7,498,483
96$9,807,920$1,105,402$291,370$8,166,729
97$10,731,323$1,082,561$224,125$8,901,028
98$11,746,486$1,056,176$152,202$9,708,092
99$12,862,695$1,025,995$75,368$10,595,318
100$14,090,176$991,755$0$11,570,863