Can I retire at age 68 with 952,000?

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 $952,000?

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$78,615$77,915$77,232$76,565$75,914$75,372
2 years$38,918$38,194$37,491$36,810$36,149$35,603
3 years$25,688$24,960$24,259$23,585$22,935$22,401
4 years$19,074$18,348$17,655$16,991$16,357$15,840
5 years$15,107$14,385$13,701$13,051$12,434$11,935
6 years$12,463$11,747$11,072$10,437$9,839$9,358
7 years$10,575$9,865$9,201$8,581$8,002$7,540
8 years$9,159$8,456$7,803$7,198$6,638$6,195
9 years$8,059$7,362$6,721$6,131$5,590$5,166
10 years$7,180$6,490$5,859$5,285$4,763$4,358
11 years$6,460$5,777$5,159$4,600$4,097$3,709
12 years$5,862$5,185$4,578$4,035$3,550$3,181
13 years$5,355$4,686$4,090$3,562$3,096$2,744
14 years$4,921$4,260$3,675$3,162$2,714$2,379
15 years$4,546$3,891$3,318$2,820$2,389$2,071
16 years$4,218$3,570$3,008$2,525$2,112$1,810
17 years$3,928$3,288$2,737$2,269$1,872$1,586
18 years$3,671$3,038$2,499$2,044$1,665$1,394
19 years$3,442$2,816$2,288$1,847$1,484$1,227
20 years$3,236$2,617$2,100$1,673$1,325$1,083
21 years$3,049$2,437$1,931$1,518$1,186$957
22 years$2,880$2,275$1,780$1,381$1,063$847
23 years$2,725$2,128$1,643$1,257$954$751
24 years$2,584$1,994$1,520$1,147$858$666
25 years$2,454$1,871$1,408$1,047$772$592
26 years$2,335$1,758$1,306$958$695$526
27 years$2,224$1,655$1,212$877$627$468
28 years$2,122$1,559$1,127$803$566$417
29 years$2,027$1,471$1,049$736$511$371
30 years$1,938$1,389$977$676$461$331
31 years$1,855$1,313$911$621$417$295
32 years$1,778$1,243$850$570$377$263
33 years$1,705$1,177$793$525$342$235
34 years$1,637$1,115$741$483$309$210
35 years$1,572$1,058$693$444$280$187
36 years$1,512$1,004$648$409$254$167
37 years$1,455$954$607$377$230$150
38 years$1,401$906$568$348$209$134
39 years$1,350$862$532$320$189$119
40 years$1,302$820$499$296$172$107
41 years$1,256$781$468$273$156$95
42 years$1,212$743$439$252$141$85
43 years$1,171$708$412$232$128$76
44 years$1,131$675$387$214$116$68
45 years$1,094$644$363$198$106$61
46 years$1,058$614$341$183$96$55
47 years$1,023$586$320$169$87$49
48 years$991$559$301$156$79$44
49 years$959$534$283$144$72$39
50 years$929$510$266$133$65$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $952,000, adding $5,429 every year, while hoping to spend $48,211 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: 49/40/11 Blend
67$952,000$952,000$952,000$952,000
68$1,054,704$1,004,248$989,492$1,102,982
69$1,110,988$1,002,160$971,344$1,134,603
70$1,171,396$998,354$950,972$1,163,428
71$1,236,300$992,695$928,251$1,193,639
72$1,306,105$985,039$903,049$1,225,381
73$1,381,256$975,234$875,230$1,258,814
74$1,462,244$963,120$844,650$1,294,120
75$1,549,605$948,526$811,158$1,331,501
76$1,643,931$931,270$774,598$1,371,181
77$1,745,871$911,161$734,806$1,413,411
78$1,856,138$887,995$691,610$1,458,474
79$1,975,516$861,559$644,830$1,506,681
80$2,104,867$831,624$594,281$1,558,382
81$2,245,139$797,949$539,765$1,613,965
82$2,397,374$760,279$481,078$1,673,863
83$2,562,719$718,346$418,007$1,738,558
84$2,742,435$671,864$350,329$1,808,586
85$2,937,909$620,531$277,811$1,884,543
86$3,150,667$564,028$200,209$1,967,092
87$3,382,390$502,020$117,270$2,056,970
88$3,634,923$434,149$28,729$2,154,996
89$3,910,303$360,040$0$2,262,078
90$4,210,767$279,294$0$2,386,945
91$4,538,779$191,493$0$2,527,098
92$4,897,051$96,193$0$2,680,441
93$5,288,569$0$0$2,848,389
94$5,716,621$0$0$3,035,623
95$6,184,826$0$0$3,286,830
96$6,697,169$0$0$3,561,820
97$7,258,037$0$0$3,862,961
98$7,872,263$0$0$4,192,859
99$8,545,169$0$0$4,554,388
100$9,282,614$0$0$4,950,708