Can I retire at age 68 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$77,377$76,687$76,015$75,359$74,718$73,845
2 years$38,305$37,592$36,900$36,230$35,580$34,702
3 years$25,283$24,567$23,877$23,213$22,573$21,717
4 years$18,773$18,059$17,376$16,724$16,099$15,271
5 years$14,869$14,159$13,485$12,845$12,239$11,441
6 years$12,266$11,562$10,898$10,273$9,684$8,918
7 years$10,408$9,709$9,056$8,446$7,876$7,141
8 years$9,015$8,323$7,680$7,085$6,534$5,831
9 years$7,932$7,246$6,615$6,035$5,502$4,831
10 years$7,067$6,387$5,767$5,202$4,688$4,048
11 years$6,359$5,686$5,077$4,527$4,032$3,422
12 years$5,769$5,104$4,506$3,971$3,494$2,914
13 years$5,271$4,612$4,026$3,506$3,047$2,496
14 years$4,844$4,192$3,617$3,112$2,671$2,149
15 years$4,474$3,830$3,266$2,775$2,352$1,857
16 years$4,151$3,514$2,961$2,485$2,078$1,610
17 years$3,866$3,236$2,694$2,233$1,843$1,400
18 years$3,614$2,990$2,460$2,012$1,639$1,221
19 years$3,388$2,771$2,252$1,818$1,460$1,067
20 years$3,185$2,575$2,066$1,647$1,305$934
21 years$3,001$2,399$1,901$1,495$1,167$819
22 years$2,834$2,239$1,752$1,359$1,046$719
23 years$2,682$2,094$1,617$1,238$939$632
24 years$2,543$1,962$1,496$1,129$844$556
25 years$2,416$1,841$1,386$1,031$760$489
26 years$2,298$1,731$1,285$943$684$431
27 years$2,189$1,629$1,193$863$617$380
28 years$2,088$1,535$1,109$790$557$336
29 years$1,995$1,448$1,032$725$503$296
30 years$1,907$1,367$962$665$454$262
31 years$1,826$1,293$896$611$411$231
32 years$1,750$1,223$836$561$371$205
33 years$1,678$1,158$781$516$336$181
34 years$1,611$1,098$730$475$304$160
35 years$1,548$1,041$682$437$276$142
36 years$1,488$988$638$403$250$125
37 years$1,432$939$597$371$226$111
38 years$1,379$892$559$342$205$98
39 years$1,329$848$524$315$186$87
40 years$1,281$807$491$291$169$77
41 years$1,236$768$461$268$153$68
42 years$1,193$732$432$248$139$60
43 years$1,152$697$405$229$126$54
44 years$1,113$664$381$211$114$47
45 years$1,076$634$357$195$104$42
46 years$1,041$604$336$180$94$37
47 years$1,007$577$315$166$86$33
48 years$975$551$296$154$78$29
49 years$944$526$278$142$71$26
50 years$915$502$262$131$64$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $937,000, adding $2,408 every year, while hoping to spend $48,487 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: 31/42/27 Blend
67$937,000$937,000$937,000$937,000
68$1,035,058$985,397$970,873$1,058,508
69$1,089,044$982,092$951,808$1,073,486
70$1,146,912$976,999$930,479$1,085,159
71$1,209,005$969,981$906,758$1,096,763
72$1,275,704$960,890$880,515$1,108,326
73$1,347,422$949,570$851,608$1,119,882
74$1,424,615$935,855$819,893$1,131,473
75$1,507,785$919,571$785,219$1,143,151
76$1,597,480$900,531$747,425$1,154,978
77$1,694,306$878,540$706,346$1,167,027
78$1,798,925$853,388$661,808$1,179,385
79$1,912,066$824,855$613,630$1,192,154
80$2,034,532$792,708$561,622$1,205,450
81$2,167,204$756,700$505,586$1,219,413
82$2,311,051$716,570$445,315$1,234,199
83$2,467,137$672,042$380,593$1,249,992
84$2,636,636$622,823$311,193$1,266,999
85$2,820,837$568,605$236,882$1,285,460
86$3,021,156$509,060$157,411$1,305,647
87$3,239,155$443,845$72,525$1,327,869
88$3,476,550$372,594$0$1,352,477
89$3,735,229$294,923$0$1,385,073
90$4,017,272$210,424$0$1,443,537
91$4,324,966$118,667$0$1,507,547
92$4,660,830$19,199$0$1,577,761
93$5,027,636$0$0$1,654,915
94$5,428,435$0$0$1,780,710
95$5,866,587$0$0$1,928,069
96$6,345,791$0$0$2,089,378
97$6,870,119$0$0$2,266,027
98$7,444,056$0$0$2,459,546
99$8,072,540$0$0$2,671,618
100$8,761,008$0$0$2,904,100