Can I retire at age 68 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$78,533$77,833$77,151$76,485$75,834$74,793
2 years$38,878$38,154$37,452$36,771$36,111$35,065
3 years$25,661$24,934$24,234$23,560$22,911$21,891
4 years$19,054$18,329$17,636$16,974$16,340$15,355
5 years$15,091$14,370$13,686$13,037$12,421$11,473
6 years$12,449$11,734$11,061$10,426$9,829$8,919
7 years$10,564$9,854$9,191$8,572$7,993$7,122
8 years$9,150$8,447$7,795$7,191$6,631$5,799
9 years$8,051$7,355$6,714$6,125$5,584$4,790
10 years$7,172$6,483$5,853$5,280$4,758$4,002
11 years$6,454$5,771$5,153$4,595$4,092$3,373
12 years$5,855$5,180$4,573$4,030$3,546$2,863
13 years$5,350$4,681$4,086$3,558$3,092$2,444
14 years$4,916$4,255$3,671$3,159$2,711$2,097
15 years$4,541$3,887$3,315$2,817$2,387$1,806
16 years$4,213$3,566$3,005$2,522$2,109$1,561
17 years$3,924$3,284$2,735$2,266$1,870$1,353
18 years$3,668$3,035$2,496$2,042$1,663$1,175
19 years$3,438$2,813$2,285$1,845$1,482$1,023
20 years$3,232$2,614$2,097$1,671$1,324$892
21 years$3,046$2,435$1,929$1,517$1,185$779
22 years$2,877$2,273$1,778$1,379$1,062$681
23 years$2,723$2,126$1,642$1,256$953$597
24 years$2,581$1,992$1,518$1,146$857$523
25 years$2,452$1,869$1,406$1,046$771$459
26 years$2,332$1,756$1,304$957$695$403
27 years$2,222$1,653$1,211$876$626$354
28 years$2,120$1,558$1,126$802$565$311
29 years$2,024$1,469$1,048$736$510$273
30 years$1,936$1,388$976$675$461$241
31 years$1,853$1,312$910$620$417$212
32 years$1,776$1,241$849$570$377$186
33 years$1,703$1,176$793$524$341$164
34 years$1,635$1,114$741$482$309$145
35 years$1,571$1,057$692$444$280$127
36 years$1,510$1,003$648$409$254$112
37 years$1,453$953$606$377$230$99
38 years$1,399$905$568$347$208$87
39 years$1,348$861$532$320$189$77
40 years$1,300$819$499$295$171$68
41 years$1,254$780$467$272$155$60
42 years$1,211$743$438$251$141$53
43 years$1,169$707$411$232$128$47
44 years$1,130$674$386$214$116$41
45 years$1,092$643$363$198$105$36
46 years$1,057$613$341$183$96$32
47 years$1,022$585$320$169$87$28
48 years$990$559$301$156$79$25
49 years$958$534$283$144$72$22
50 years$929$510$266$133$65$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $951,000, adding $2,857 every year, while hoping to spend $46,653 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: 68/20/12 Blend
67$951,000$951,000$951,000$951,000
68$1,050,949$1,000,546$985,805$1,119,468
69$1,108,507$999,934$969,192$1,164,785
70$1,170,373$997,729$950,457$1,208,489
71$1,236,936$993,803$929,483$1,255,078
72$1,308,625$988,021$906,142$1,304,829
73$1,385,910$980,239$880,303$1,358,049
74$1,469,308$970,306$851,828$1,415,076
75$1,559,387$958,060$820,574$1,476,284
76$1,656,771$943,331$786,389$1,542,086
77$1,762,144$925,938$749,116$1,612,939
78$1,876,262$905,688$708,591$1,689,347
79$1,999,953$882,379$664,641$1,771,867
80$2,134,128$855,795$617,087$1,861,115
81$2,279,790$825,710$565,740$1,957,771
82$2,438,041$791,882$510,404$2,062,587
83$2,610,093$754,056$450,875$2,176,392
84$2,797,281$711,963$386,937$2,300,103
85$3,001,072$665,318$318,368$2,434,733
86$3,223,082$613,818$244,934$2,581,400
87$3,465,087$557,147$166,390$2,741,338
88$3,729,044$494,965$82,482$2,915,913
89$4,017,107$426,918$0$3,106,629
90$4,331,644$352,630$0$3,316,054
91$4,675,265$271,702$0$3,556,449
92$5,050,842$183,715$0$3,819,305
93$5,461,536$88,226$0$4,106,899
94$5,910,830$0$0$4,421,742
95$6,402,557$0$0$4,769,955
96$6,940,938$0$0$5,172,518
97$7,530,622$0$0$5,613,498
98$8,176,726$0$0$6,096,729
99$8,884,890$0$0$6,626,435
100$9,661,323$0$0$7,207,269