Can I retire at age 68 with 944,000?

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 $944,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$77,955$77,260$76,583$75,922$75,276$74,770
2 years$38,591$37,873$37,176$36,501$35,846$35,336
3 years$25,472$24,750$24,055$23,386$22,742$22,243
4 years$18,914$18,194$17,506$16,849$16,220$15,736
5 years$14,980$14,264$13,586$12,941$12,330$11,863
6 years$12,358$11,648$10,979$10,349$9,756$9,307
7 years$10,486$9,782$9,124$8,509$7,934$7,503
8 years$9,082$8,385$7,738$7,138$6,582$6,168
9 years$7,992$7,301$6,664$6,080$5,543$5,147
10 years$7,119$6,435$5,810$5,241$4,723$4,344
11 years$6,406$5,729$5,115$4,561$4,062$3,700
12 years$5,812$5,142$4,540$4,001$3,520$3,174
13 years$5,310$4,647$4,056$3,532$3,070$2,740
14 years$4,880$4,224$3,644$3,135$2,691$2,377
15 years$4,508$3,858$3,290$2,796$2,369$2,071
16 years$4,182$3,540$2,983$2,504$2,094$1,811
17 years$3,895$3,260$2,714$2,250$1,857$1,588
18 years$3,641$3,013$2,478$2,027$1,651$1,397
19 years$3,413$2,792$2,268$1,832$1,471$1,231
20 years$3,208$2,595$2,082$1,659$1,314$1,087
21 years$3,023$2,417$1,915$1,506$1,176$961
22 years$2,856$2,256$1,765$1,369$1,054$852
23 years$2,703$2,110$1,630$1,247$946$755
24 years$2,562$1,977$1,507$1,137$851$671
25 years$2,434$1,855$1,396$1,039$765$596
26 years$2,315$1,744$1,295$950$689$531
27 years$2,206$1,641$1,202$869$622$472
28 years$2,104$1,546$1,118$796$561$421
29 years$2,010$1,459$1,040$730$506$375
30 years$1,922$1,378$969$670$458$335
31 years$1,839$1,302$903$616$414$299
32 years$1,763$1,232$843$566$374$267
33 years$1,691$1,167$787$520$339$238
34 years$1,623$1,106$735$479$307$213
35 years$1,559$1,049$687$441$278$190
36 years$1,499$996$643$406$252$170
37 years$1,443$946$602$374$228$152
38 years$1,389$899$564$345$207$136
39 years$1,339$855$528$318$188$122
40 years$1,291$813$495$293$170$109
41 years$1,245$774$464$270$154$97
42 years$1,202$737$435$250$140$87
43 years$1,161$702$408$230$127$78
44 years$1,122$669$383$213$115$70
45 years$1,084$638$360$196$105$63
46 years$1,049$609$338$181$95$56
47 years$1,015$581$318$168$86$50
48 years$982$555$298$155$78$45
49 years$951$530$281$143$71$40
50 years$922$506$264$132$65$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $944,000, adding $5,613 every year, while hoping to spend $31,802 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: 56/27/17 Blend
67$944,000$944,000$944,000$944,000
68$1,046,078$996,046$981,414$1,099,655
69$1,118,941$1,011,015$980,454$1,151,704
70$1,198,170$1,025,652$978,396$1,204,463
71$1,284,381$1,039,906$975,170$1,261,220
72$1,378,251$1,053,725$970,702$1,322,364
73$1,480,526$1,067,052$964,914$1,388,327
74$1,592,027$1,079,824$957,726$1,459,583
75$1,713,656$1,091,978$949,052$1,536,656
76$1,846,408$1,103,443$938,804$1,620,124
77$1,991,376$1,114,146$926,888$1,710,625
78$2,149,764$1,124,008$913,207$1,808,863
79$2,322,899$1,132,943$897,659$1,915,614
80$2,512,241$1,140,863$880,136$2,031,736
81$2,719,396$1,147,672$860,527$2,158,172
82$2,946,134$1,153,268$838,715$2,295,967
83$3,194,405$1,157,543$814,577$2,446,271
84$3,466,354$1,160,382$787,985$2,610,354
85$3,764,344$1,161,664$758,805$2,789,615
86$4,090,979$1,161,257$726,896$2,985,599
87$4,449,124$1,159,024$692,113$3,200,012
88$4,841,938$1,154,819$654,302$3,434,732
89$5,272,897$1,148,487$613,302$3,691,835
90$5,745,833$1,139,862$568,948$3,973,608
91$6,264,963$1,128,771$521,063$4,282,575
92$6,834,936$1,115,027$469,465$4,621,518
93$7,460,870$1,098,435$413,963$4,993,510
94$8,148,407$1,078,786$354,359$5,401,936
95$8,903,758$1,055,860$290,443$5,850,531
96$9,733,767$1,029,423$221,999$6,343,415
97$10,645,975$999,228$148,800$6,885,131
98$11,648,688$965,014$70,608$7,480,690
99$12,751,057$926,503$0$8,135,617
100$13,963,166$883,403$0$8,858,336