Can I retire at age 68 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$78,863$78,161$77,475$76,806$76,153$74,372
2 years$39,041$38,314$37,609$36,926$36,263$34,480
3 years$25,769$25,039$24,336$23,659$23,007$21,276
4 years$19,134$18,406$17,710$17,045$16,409$14,743
5 years$15,154$14,431$13,744$13,092$12,474$10,879
6 years$12,502$11,784$11,107$10,470$9,870$8,347
7 years$10,608$9,896$9,230$8,608$8,027$6,577
8 years$9,188$8,483$7,828$7,221$6,659$5,281
9 years$8,085$7,386$6,742$6,151$5,608$4,300
10 years$7,202$6,510$5,878$5,302$4,778$3,540
11 years$6,481$5,796$5,175$4,614$4,109$2,939
12 years$5,880$5,202$4,592$4,047$3,561$2,456
13 years$5,372$4,701$4,103$3,573$3,105$2,064
14 years$4,937$4,273$3,687$3,172$2,722$1,742
15 years$4,560$3,903$3,329$2,829$2,397$1,476
16 years$4,231$3,581$3,018$2,533$2,118$1,254
17 years$3,941$3,298$2,746$2,276$1,878$1,068
18 years$3,683$3,048$2,507$2,051$1,670$912
19 years$3,453$2,825$2,295$1,853$1,489$780
20 years$3,246$2,625$2,106$1,678$1,330$668
21 years$3,059$2,445$1,937$1,523$1,190$573
22 years$2,889$2,282$1,785$1,385$1,067$492
23 years$2,734$2,134$1,649$1,261$957$423
24 years$2,592$2,000$1,525$1,150$861$364
25 years$2,462$1,877$1,412$1,051$774$313
26 years$2,342$1,764$1,310$961$697$269
27 years$2,231$1,660$1,216$879$629$232
28 years$2,128$1,564$1,131$806$567$200
29 years$2,033$1,476$1,052$739$512$173
30 years$1,944$1,394$980$678$463$149
31 years$1,861$1,317$914$623$419$128
32 years$1,783$1,247$852$572$379$111
33 years$1,710$1,181$796$526$343$96
34 years$1,642$1,119$744$484$310$83
35 years$1,577$1,061$695$446$281$71
36 years$1,517$1,007$650$411$255$62
37 years$1,460$957$609$378$231$53
38 years$1,405$909$570$349$209$46
39 years$1,354$865$534$321$190$40
40 years$1,306$823$501$296$172$34
41 years$1,260$783$469$274$156$30
42 years$1,216$746$440$252$142$26
43 years$1,174$710$413$233$129$22
44 years$1,135$677$388$215$117$19
45 years$1,097$646$364$199$106$17
46 years$1,061$616$342$184$96$14
47 years$1,027$588$321$170$87$12
48 years$994$561$302$157$79$11
49 years$962$536$284$145$72$9
50 years$932$512$267$134$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $955,000, adding $2,169 every year, while hoping to spend $55,866 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: 54/16/30 Blend
67$955,000$955,000$955,000$955,000
68$1,054,647$1,004,032$989,230$1,102,664
69$1,102,780$993,789$962,928$1,125,933
70$1,153,951$981,171$933,873$1,145,394
71$1,208,409$966,004$901,913$1,165,487
72$1,266,430$948,101$866,890$1,186,296
73$1,328,313$927,266$828,639$1,207,915
74$1,394,390$903,290$786,986$1,230,452
75$1,465,019$875,954$741,752$1,254,029
76$1,540,598$845,022$692,748$1,278,783
77$1,621,559$810,248$639,775$1,304,871
78$1,708,379$771,371$582,628$1,332,467
79$1,801,579$728,113$521,091$1,361,769
80$1,901,732$680,183$454,940$1,392,999
81$2,009,467$627,270$383,939$1,426,408
82$2,125,474$569,048$307,842$1,462,274
83$2,250,512$505,171$226,395$1,500,912
84$2,385,413$435,274$139,328$1,542,674
85$2,531,093$358,970$46,363$1,587,952
86$2,688,557$275,852$0$1,637,186
87$2,858,910$185,488$0$1,707,784
88$3,043,366$87,425$0$1,800,316
89$3,243,262$0$0$1,900,638
90$3,460,065$0$0$2,012,851
91$3,695,392$0$0$2,151,435
92$3,951,017$0$0$2,302,052
93$4,228,894$0$0$2,465,864
94$4,531,174$0$0$2,644,149
95$4,860,221$0$0$2,838,312
96$5,218,636$0$0$3,049,900
97$5,609,285$0$0$3,280,615
98$6,035,317$0$0$3,532,332
99$6,500,202$0$0$3,807,112
100$7,007,758$0$0$4,107,226