Can I retire at age 68 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$77,211$76,524$75,853$75,198$74,558$74,182
2 years$38,223$37,512$36,822$36,153$35,504$35,124
3 years$25,229$24,514$23,826$23,163$22,525$22,153
4 years$18,733$18,021$17,339$16,688$16,065$15,705
5 years$14,837$14,128$13,456$12,818$12,212$11,864
6 years$12,240$11,537$10,874$10,251$9,663$9,328
7 years$10,386$9,689$9,037$8,428$7,859$7,536
8 years$8,996$8,305$7,664$7,070$6,520$6,210
9 years$7,915$7,231$6,601$6,022$5,491$5,193
10 years$7,051$6,374$5,755$5,191$4,678$4,394
11 years$6,345$5,674$5,066$4,518$4,023$3,751
12 years$5,757$5,093$4,496$3,963$3,487$3,227
13 years$5,260$4,602$4,017$3,498$3,040$2,793
14 years$4,834$4,183$3,609$3,105$2,665$2,429
15 years$4,465$3,822$3,259$2,769$2,347$2,122
16 years$4,142$3,506$2,955$2,480$2,074$1,860
17 years$3,858$3,229$2,689$2,228$1,839$1,636
18 years$3,606$2,984$2,454$2,008$1,635$1,443
19 years$3,380$2,765$2,247$1,814$1,457$1,275
20 years$3,178$2,570$2,062$1,643$1,302$1,129
21 years$2,995$2,394$1,897$1,491$1,165$1,002
22 years$2,828$2,234$1,748$1,356$1,044$890
23 years$2,677$2,090$1,614$1,235$937$792
24 years$2,538$1,958$1,493$1,126$842$705
25 years$2,411$1,837$1,383$1,029$758$629
26 years$2,293$1,727$1,282$941$683$561
27 years$2,185$1,625$1,191$861$616$501
28 years$2,084$1,531$1,107$789$556$448
29 years$1,990$1,445$1,030$723$502$401
30 years$1,903$1,364$959$664$453$359
31 years$1,822$1,290$894$610$410$321
32 years$1,746$1,220$835$560$371$288
33 years$1,674$1,156$779$515$335$258
34 years$1,607$1,095$728$474$304$231
35 years$1,544$1,039$681$436$275$207
36 years$1,485$986$637$402$249$186
37 years$1,429$937$596$370$226$167
38 years$1,376$890$558$341$205$150
39 years$1,326$846$523$315$186$134
40 years$1,278$805$490$290$168$121
41 years$1,233$767$460$268$153$108
42 years$1,190$730$431$247$139$97
43 years$1,150$696$405$228$126$87
44 years$1,111$663$380$211$114$79
45 years$1,074$632$357$195$104$71
46 years$1,039$603$335$180$94$63
47 years$1,005$576$315$166$86$57
48 years$973$549$296$153$78$51
49 years$942$525$278$142$71$46
50 years$913$501$261$131$64$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $935,000, adding $6,415 every year, while hoping to spend $46,343 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: 62/28/10 Blend
67$935,000$935,000$935,000$935,000
68$1,036,987$987,432$972,940$1,098,561
69$1,093,451$986,508$956,224$1,139,632
70$1,154,121$983,985$937,396$1,178,522
71$1,219,378$979,736$916,335$1,219,812
72$1,289,638$973,626$892,916$1,263,735
73$1,365,360$965,513$867,007$1,310,547
74$1,447,047$955,243$838,472$1,360,535
75$1,535,252$942,657$807,168$1,414,013
76$1,630,583$927,583$772,943$1,471,333
77$1,733,709$909,840$735,643$1,532,881
78$1,845,362$889,238$695,102$1,599,086
79$1,966,351$865,573$651,150$1,670,422
80$2,097,563$838,630$603,608$1,747,414
81$2,239,974$808,182$552,288$1,830,643
82$2,394,657$773,988$496,995$1,920,752
83$2,562,793$735,795$437,526$2,018,452
84$2,745,682$693,332$373,666$2,124,529
85$2,944,751$646,316$305,194$2,239,854
86$3,161,575$594,444$231,877$2,365,388
87$3,397,883$537,400$153,473$2,502,197
88$3,655,580$474,845$69,727$2,651,455
89$3,936,762$406,426$0$2,814,464
90$4,243,737$331,766$0$2,994,758
91$4,579,044$250,468$0$3,199,906
92$4,945,480$162,114$0$3,424,247
93$5,346,122$66,261$0$3,669,755
94$5,784,360$0$0$3,938,607
95$6,263,925$0$0$4,244,782
96$6,788,928$0$0$4,602,382
97$7,363,892$0$0$4,994,084
98$7,993,802$0$0$5,423,291
99$8,684,144$0$0$5,893,751
100$9,440,962$0$0$6,409,592