Can I retire at age 68 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$79,028$78,324$77,637$76,967$76,313$74,107
2 years$39,123$38,394$37,688$37,003$36,339$34,135
3 years$25,823$25,091$24,387$23,708$23,055$20,921
4 years$19,174$18,445$17,747$17,081$16,443$14,395
5 years$15,186$14,461$13,773$13,120$12,500$10,544
6 years$12,528$11,808$11,130$10,492$9,891$8,029
7 years$10,630$9,917$9,249$8,626$8,044$6,276
8 years$9,208$8,500$7,844$7,236$6,673$4,998
9 years$8,102$7,401$6,756$6,164$5,620$4,036
10 years$7,217$6,524$5,890$5,313$4,788$3,293
11 years$6,494$5,808$5,186$4,624$4,118$2,709
12 years$5,892$5,213$4,602$4,056$3,569$2,244
13 years$5,383$4,711$4,112$3,581$3,112$1,868
14 years$4,947$4,282$3,694$3,178$2,728$1,561
15 years$4,570$3,912$3,336$2,835$2,402$1,310
16 years$4,240$3,589$3,024$2,538$2,123$1,102
17 years$3,949$3,305$2,752$2,280$1,882$929
18 years$3,691$3,054$2,512$2,055$1,674$785
19 years$3,460$2,831$2,300$1,857$1,492$664
20 years$3,253$2,630$2,111$1,682$1,332$563
21 years$3,065$2,450$1,941$1,526$1,192$478
22 years$2,895$2,287$1,789$1,388$1,069$406
23 years$2,740$2,139$1,652$1,264$959$345
24 years$2,598$2,004$1,528$1,153$862$293
25 years$2,467$1,881$1,415$1,053$776$250
26 years$2,347$1,768$1,312$963$699$213
27 years$2,236$1,663$1,219$881$630$181
28 years$2,133$1,568$1,133$807$569$154
29 years$2,037$1,479$1,054$740$513$132
30 years$1,948$1,397$982$679$464$112
31 years$1,865$1,320$916$624$419$96
32 years$1,787$1,249$854$573$379$82
33 years$1,714$1,183$798$527$343$70
34 years$1,645$1,121$745$485$311$59
35 years$1,581$1,063$697$447$282$51
36 years$1,520$1,009$652$411$255$43
37 years$1,463$959$610$379$231$37
38 years$1,408$911$571$349$210$32
39 years$1,357$866$535$322$190$27
40 years$1,308$824$502$297$172$23
41 years$1,262$785$470$274$156$20
42 years$1,218$747$441$253$142$17
43 years$1,177$712$414$234$129$14
44 years$1,137$679$389$216$117$12
45 years$1,099$647$365$199$106$10
46 years$1,063$617$343$184$96$9
47 years$1,029$589$322$170$88$8
48 years$996$562$303$157$79$6
49 years$964$537$284$145$72$6
50 years$934$513$267$134$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $957,000, adding $3,144 every year, while hoping to spend $50,199 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: 64/17/19 Blend
67$957,000$957,000$957,000$957,000
68$1,057,857$1,007,136$992,303$1,120,282
69$1,112,347$1,003,074$972,133$1,158,559
70$1,170,713$997,131$949,606$1,194,374
71$1,233,296$989,161$924,589$1,232,318
72$1,300,473$979,011$896,943$1,272,601
73$1,372,655$966,517$866,525$1,315,456
74$1,450,296$951,505$833,183$1,361,142
75$1,533,891$933,794$796,759$1,409,947
76$1,623,986$913,188$757,089$1,462,186
77$1,721,180$889,482$713,999$1,518,214
78$1,826,132$862,458$667,309$1,578,419
79$1,939,565$831,886$616,832$1,643,235
80$2,062,273$797,521$562,369$1,713,140
81$2,195,132$759,107$503,715$1,788,664
82$2,339,101$716,369$440,655$1,870,393
83$2,495,237$669,018$372,964$1,958,978
84$2,664,702$616,751$300,409$2,055,138
85$2,848,773$559,243$222,744$2,159,667
86$3,048,855$496,154$139,714$2,273,448
87$3,266,496$427,123$51,052$2,397,453
88$3,503,396$351,769$0$2,532,760
89$3,761,426$269,690$0$2,689,393
90$4,042,648$180,460$0$2,871,457
91$4,349,327$83,632$0$3,070,108
92$4,683,958$0$0$3,287,022
93$5,049,288$0$0$3,528,026
94$5,448,341$0$0$3,808,426
95$5,884,443$0$0$4,114,923
96$6,361,260$0$0$4,450,102
97$6,882,825$0$0$4,816,806
98$7,453,580$0$0$5,218,167
99$8,078,417$0$0$5,657,632
100$8,762,721$0$0$6,139,001