Can I retire at age 68 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$77,872$77,178$76,502$75,841$75,196$74,660
2 years$38,551$37,833$37,137$36,462$35,808$35,267
3 years$25,445$24,724$24,030$23,362$22,718$22,189
4 years$18,894$18,175$17,488$16,831$16,203$15,690
5 years$14,964$14,249$13,571$12,928$12,317$11,822
6 years$12,345$11,636$10,967$10,338$9,746$9,270
7 years$10,475$9,772$9,114$8,500$7,926$7,469
8 years$9,073$8,376$7,729$7,130$6,575$6,137
9 years$7,983$7,293$6,657$6,073$5,537$5,117
10 years$7,112$6,428$5,804$5,235$4,718$4,317
11 years$6,399$5,723$5,110$4,556$4,058$3,674
12 years$5,806$5,136$4,535$3,996$3,516$3,151
13 years$5,305$4,642$4,052$3,528$3,066$2,718
14 years$4,875$4,219$3,640$3,132$2,688$2,356
15 years$4,503$3,854$3,287$2,793$2,367$2,052
16 years$4,178$3,536$2,980$2,501$2,092$1,793
17 years$3,891$3,257$2,712$2,247$1,855$1,571
18 years$3,637$3,009$2,475$2,025$1,649$1,381
19 years$3,409$2,789$2,266$1,830$1,470$1,216
20 years$3,205$2,592$2,080$1,657$1,313$1,073
21 years$3,020$2,414$1,913$1,504$1,175$948
22 years$2,853$2,254$1,763$1,368$1,053$839
23 years$2,700$2,108$1,628$1,245$945$744
24 years$2,560$1,975$1,505$1,136$850$660
25 years$2,431$1,853$1,394$1,037$765$586
26 years$2,313$1,742$1,293$949$689$521
27 years$2,203$1,639$1,201$868$621$464
28 years$2,102$1,545$1,116$795$560$413
29 years$2,007$1,457$1,039$729$506$368
30 years$1,920$1,376$968$669$457$328
31 years$1,837$1,301$902$615$413$292
32 years$1,761$1,231$842$565$374$261
33 years$1,689$1,166$786$520$338$233
34 years$1,621$1,105$734$478$306$208
35 years$1,558$1,048$687$440$277$186
36 years$1,498$995$642$405$251$166
37 years$1,441$945$601$373$228$148
38 years$1,388$898$563$344$207$132
39 years$1,337$854$527$317$187$118
40 years$1,289$812$494$293$170$106
41 years$1,244$773$464$270$154$95
42 years$1,201$736$435$249$140$85
43 years$1,160$702$408$230$127$76
44 years$1,120$669$383$212$115$68
45 years$1,083$638$360$196$105$61
46 years$1,048$608$338$181$95$54
47 years$1,014$581$317$167$86$48
48 years$981$554$298$155$78$43
49 years$950$529$280$143$71$39
50 years$921$506$263$132$65$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $943,000, adding $6,849 every year, while hoping to spend $43,719 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: 57/18/25 Blend
67$943,000$943,000$943,000$943,000
68$1,046,251$996,272$981,655$1,098,411
69$1,106,452$998,572$968,024$1,137,175
70$1,171,328$999,520$952,471$1,174,197
71$1,241,310$999,004$934,885$1,213,628
72$1,316,871$996,902$915,151$1,255,713
73$1,398,531$993,090$893,148$1,300,723
74$1,486,862$987,432$868,750$1,348,960
75$1,582,492$979,786$841,822$1,400,756
76$1,686,110$970,000$812,228$1,456,482
77$1,798,478$957,914$779,822$1,516,547
78$1,920,428$943,358$744,452$1,581,403
79$2,052,881$926,151$705,960$1,651,554
80$2,196,846$906,104$664,181$1,727,554
81$2,353,434$883,013$618,941$1,810,020
82$2,523,869$856,665$570,059$1,899,632
83$2,709,494$826,832$517,347$1,997,144
84$2,911,792$793,276$460,608$2,103,389
85$3,132,391$755,743$399,634$2,219,291
86$3,373,084$713,963$334,211$2,345,868
87$3,635,845$667,654$264,114$2,484,251
88$3,922,847$616,515$189,107$2,635,685
89$4,236,482$560,229$108,947$2,801,552
90$4,579,383$498,460$23,377$2,983,374
91$4,954,450$430,854$0$3,182,839
92$5,364,874$357,037$0$3,419,932
93$5,814,172$276,612$0$3,686,420
94$6,306,213$189,161$0$3,978,414
95$6,845,261$94,244$0$4,298,507
96$7,436,010$0$0$4,649,560
97$8,083,630$0$0$5,036,430
98$8,793,816$0$0$5,481,227
99$9,572,838$0$0$5,969,223
100$10,427,606$0$0$6,504,755