Can I retire at age 68 with 937,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.3%
1 years$77,377$76,687$76,015$75,359$74,718$74,309
2 years$38,305$37,592$36,900$36,230$35,580$35,168
3 years$25,283$24,567$23,877$23,213$22,573$22,170
4 years$18,773$18,059$17,376$16,724$16,099$15,708
5 years$14,869$14,159$13,485$12,845$12,239$11,861
6 years$12,266$11,562$10,898$10,273$9,684$9,320
7 years$10,408$9,709$9,056$8,446$7,876$7,526
8 years$9,015$8,323$7,680$7,085$6,534$6,198
9 years$7,932$7,246$6,615$6,035$5,502$5,180
10 years$7,067$6,387$5,767$5,202$4,688$4,380
11 years$6,359$5,686$5,077$4,527$4,032$3,737
12 years$5,769$5,104$4,506$3,971$3,494$3,213
13 years$5,271$4,612$4,026$3,506$3,047$2,779
14 years$4,844$4,192$3,617$3,112$2,671$2,415
15 years$4,474$3,830$3,266$2,775$2,352$2,109
16 years$4,151$3,514$2,961$2,485$2,078$1,847
17 years$3,866$3,236$2,694$2,233$1,843$1,624
18 years$3,614$2,990$2,460$2,012$1,639$1,431
19 years$3,388$2,771$2,252$1,818$1,460$1,264
20 years$3,185$2,575$2,066$1,647$1,305$1,118
21 years$3,001$2,399$1,901$1,495$1,167$991
22 years$2,834$2,239$1,752$1,359$1,046$880
23 years$2,682$2,094$1,617$1,238$939$782
24 years$2,543$1,962$1,496$1,129$844$696
25 years$2,416$1,841$1,386$1,031$760$620
26 years$2,298$1,731$1,285$943$684$553
27 years$2,189$1,629$1,193$863$617$494
28 years$2,088$1,535$1,109$790$557$441
29 years$1,995$1,448$1,032$725$503$394
30 years$1,907$1,367$962$665$454$352
31 years$1,826$1,293$896$611$411$315
32 years$1,750$1,223$836$561$371$282
33 years$1,678$1,158$781$516$336$253
34 years$1,611$1,098$730$475$304$226
35 years$1,548$1,041$682$437$276$203
36 years$1,488$988$638$403$250$182
37 years$1,432$939$597$371$226$163
38 years$1,379$892$559$342$205$146
39 years$1,329$848$524$315$186$131
40 years$1,281$807$491$291$169$118
41 years$1,236$768$461$268$153$105
42 years$1,193$732$432$248$139$95
43 years$1,152$697$405$229$126$85
44 years$1,113$664$381$211$114$76
45 years$1,076$634$357$195$104$68
46 years$1,041$604$336$180$94$61
47 years$1,007$577$315$166$86$55
48 years$975$551$296$154$78$50
49 years$944$526$278$142$71$44
50 years$915$502$262$131$64$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $937,000, adding $2,208 every year, while hoping to spend $22,375 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: 40/37/23 Blend
67$937,000$937,000$937,000$937,000
68$1,034,852$985,191$970,667$1,069,125
69$1,116,600$1,009,658$979,378$1,118,465
70$1,205,936$1,034,575$987,630$1,169,527
71$1,303,611$1,059,938$995,385$1,224,322
72$1,410,451$1,085,747$1,002,603$1,283,203
73$1,527,366$1,111,998$1,009,238$1,346,560
74$1,655,357$1,138,685$1,015,248$1,414,821
75$1,795,528$1,165,805$1,020,583$1,488,461
76$1,949,093$1,193,350$1,025,193$1,568,000
77$2,117,389$1,221,314$1,029,026$1,654,011
78$2,301,891$1,249,686$1,032,026$1,747,129
79$2,504,220$1,278,457$1,034,136$1,848,050
80$2,726,165$1,307,616$1,035,294$1,957,544
81$2,969,693$1,337,148$1,035,435$2,076,457
82$3,236,973$1,367,039$1,034,493$2,205,725
83$3,530,393$1,397,273$1,032,398$2,346,376
84$3,852,584$1,427,831$1,029,074$2,499,545
85$4,206,444$1,458,691$1,024,445$2,666,484
86$4,595,167$1,489,833$1,018,430$2,848,572
87$5,022,269$1,521,229$1,010,942$3,047,329
88$5,491,625$1,552,854$1,001,892$3,264,432
89$6,007,503$1,584,676$991,188$3,501,728
90$6,574,606$1,616,663$978,731$3,761,254
91$7,198,115$1,648,779$964,418$4,045,255
92$7,883,739$1,680,985$948,142$4,356,208
93$8,637,766$1,713,239$929,790$4,696,842
94$9,467,125$1,745,495$909,245$5,070,164
95$10,379,450$1,777,703$886,384$5,479,492
96$11,383,153$1,809,809$861,076$5,928,482
97$12,487,501$1,841,756$833,189$6,421,165
98$13,702,706$1,873,481$802,580$6,961,984
99$15,040,018$1,904,918$769,102$7,555,837
100$16,511,834$1,935,993$732,602$8,208,126