Can I retire at age 68 with 939,000?

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 $939,000?

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$77,542$76,851$76,177$75,519$74,877$74,003
2 years$38,387$37,672$36,979$36,307$35,656$34,776
3 years$25,337$24,619$23,928$23,263$22,622$21,763
4 years$18,813$18,098$17,413$16,759$16,134$15,304
5 years$14,900$14,189$13,514$12,873$12,265$11,465
6 years$12,292$11,586$10,921$10,294$9,705$8,937
7 years$10,430$9,730$9,075$8,464$7,892$7,156
8 years$9,034$8,340$7,697$7,100$6,548$5,843
9 years$7,949$7,262$6,629$6,048$5,514$4,841
10 years$7,082$6,401$5,779$5,213$4,698$4,057
11 years$6,372$5,698$5,088$4,537$4,041$3,430
12 years$5,781$5,115$4,516$3,979$3,502$2,921
13 years$5,282$4,622$4,034$3,513$3,053$2,502
14 years$4,854$4,201$3,625$3,119$2,677$2,153
15 years$4,484$3,838$3,273$2,781$2,357$1,861
16 years$4,160$3,521$2,967$2,490$2,083$1,614
17 years$3,875$3,243$2,700$2,238$1,847$1,403
18 years$3,621$2,997$2,465$2,017$1,642$1,224
19 years$3,395$2,777$2,256$1,822$1,464$1,069
20 years$3,191$2,581$2,071$1,650$1,307$936
21 years$3,007$2,404$1,905$1,498$1,170$820
22 years$2,840$2,244$1,756$1,362$1,049$720
23 years$2,688$2,099$1,621$1,240$941$633
24 years$2,549$1,966$1,499$1,131$846$557
25 years$2,421$1,845$1,388$1,033$761$491
26 years$2,303$1,734$1,288$945$686$432
27 years$2,194$1,632$1,196$865$618$381
28 years$2,093$1,538$1,112$792$558$336
29 years$1,999$1,451$1,034$726$504$297
30 years$1,911$1,370$964$667$455$262
31 years$1,830$1,295$898$612$412$232
32 years$1,753$1,226$838$563$372$205
33 years$1,682$1,161$783$517$337$181
34 years$1,614$1,100$731$476$305$160
35 years$1,551$1,043$684$438$276$142
36 years$1,491$990$639$404$250$126
37 years$1,435$941$599$372$227$111
38 years$1,382$894$561$343$206$98
39 years$1,331$850$525$316$187$87
40 years$1,284$809$492$292$169$77
41 years$1,238$770$462$269$153$68
42 years$1,195$733$433$248$139$61
43 years$1,155$699$406$229$126$54
44 years$1,116$666$381$212$115$48
45 years$1,079$635$358$195$104$42
46 years$1,043$606$336$180$95$37
47 years$1,009$578$316$167$86$33
48 years$977$552$297$154$78$29
49 years$946$527$279$142$71$26
50 years$917$503$262$132$64$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $939,000, adding $6,153 every year, while hoping to spend $44,968 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: 23/50/27 Blend
67$939,000$939,000$939,000$939,000
68$1,041,125$991,358$976,803$1,056,061
69$1,099,474$992,089$961,681$1,070,103
70$1,162,268$991,348$944,544$1,080,934
71$1,229,911$989,017$925,279$1,091,569
72$1,302,852$984,968$903,765$1,102,021
73$1,381,577$979,066$879,876$1,112,308
74$1,466,627$971,169$853,481$1,122,454
75$1,558,592$961,126$824,441$1,132,492
76$1,658,122$948,774$792,613$1,142,463
77$1,765,931$933,945$757,847$1,152,416
78$1,882,805$916,458$719,984$1,162,411
79$2,009,608$896,121$678,860$1,172,523
80$2,147,290$872,733$634,304$1,182,836
81$2,296,896$846,078$586,135$1,193,455
82$2,459,574$815,931$534,166$1,204,498
83$2,636,590$782,052$478,200$1,216,106
84$2,829,336$744,185$418,033$1,228,442
85$3,039,341$702,064$353,450$1,241,692
86$3,268,291$655,402$284,228$1,256,073
87$3,518,041$603,901$210,134$1,271,832
88$3,790,632$547,243$130,924$1,289,253
89$4,088,310$485,091$46,343$1,308,657
90$4,413,549$417,092$0$1,330,411
91$4,769,071$342,870$0$1,367,586
92$5,157,875$262,029$0$1,423,069
93$5,583,261$174,151$0$1,484,112
94$6,048,863$78,794$0$1,551,405
95$6,558,685$0$0$1,625,716
96$7,117,133$0$0$1,721,388
97$7,729,061$0$0$1,873,887
98$8,399,813$0$0$2,041,215
99$9,135,278$0$0$2,224,860
100$9,941,939$0$0$2,426,463