Can I retire at age 68 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$79,111$78,406$77,719$77,048$76,392$75,657
2 years$39,164$38,434$37,727$37,042$36,377$35,637
3 years$25,850$25,117$24,412$23,733$23,079$22,357
4 years$19,194$18,464$17,766$17,098$16,460$15,761
5 years$15,202$14,476$13,787$13,133$12,513$11,838
6 years$12,541$11,821$11,142$10,503$9,901$9,253
7 years$10,641$9,927$9,259$8,635$8,052$7,430
8 years$9,217$8,509$7,852$7,244$6,680$6,084
9 years$8,110$7,409$6,763$6,170$5,626$5,056
10 years$7,225$6,531$5,896$5,319$4,793$4,249
11 years$6,501$5,814$5,191$4,629$4,122$3,604
12 years$5,898$5,218$4,607$4,060$3,572$3,078
13 years$5,389$4,716$4,116$3,584$3,115$2,645
14 years$4,952$4,286$3,698$3,182$2,731$2,284
15 years$4,575$3,916$3,339$2,838$2,404$1,981
16 years$4,244$3,593$3,027$2,541$2,125$1,724
17 years$3,953$3,309$2,755$2,283$1,884$1,504
18 years$3,695$3,057$2,515$2,057$1,675$1,316
19 years$3,464$2,833$2,302$1,859$1,493$1,154
20 years$3,256$2,633$2,113$1,684$1,334$1,014
21 years$3,068$2,453$1,943$1,528$1,194$892
22 years$2,898$2,289$1,791$1,389$1,070$786
23 years$2,743$2,141$1,654$1,265$960$694
24 years$2,600$2,006$1,529$1,154$863$613
25 years$2,470$1,883$1,417$1,054$777$542
26 years$2,350$1,769$1,314$964$700$479
27 years$2,238$1,665$1,220$882$631$424
28 years$2,135$1,569$1,134$808$569$376
29 years$2,039$1,480$1,055$741$514$333
30 years$1,950$1,398$983$680$464$296
31 years$1,867$1,322$916$625$420$262
32 years$1,789$1,250$855$574$380$233
33 years$1,716$1,184$798$528$344$207
34 years$1,647$1,122$746$486$311$184
35 years$1,582$1,065$697$447$282$163
36 years$1,522$1,010$652$412$255$145
37 years$1,464$960$611$379$231$129
38 years$1,410$912$572$350$210$115
39 years$1,358$867$536$322$190$102
40 years$1,310$825$502$297$173$91
41 years$1,264$785$471$274$157$81
42 years$1,220$748$442$253$142$72
43 years$1,178$713$414$234$129$64
44 years$1,138$679$389$216$117$57
45 years$1,100$648$365$199$106$51
46 years$1,064$618$343$184$96$45
47 years$1,030$590$322$170$88$40
48 years$997$563$303$157$80$36
49 years$965$538$285$145$72$32
50 years$935$514$268$134$66$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $958,000, adding $3,625 every year, while hoping to spend $39,395 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: 85/6/9 Blend
67$958,000$958,000$958,000$958,000
68$1,059,455$1,008,681$993,832$1,147,973
69$1,125,604$1,016,191$985,210$1,213,835
70$1,197,179$1,022,748$974,978$1,280,463
71$1,274,693$1,028,264$963,041$1,352,433
72$1,358,708$1,032,646$949,300$1,430,258
73$1,449,844$1,035,793$933,649$1,514,502
74$1,548,782$1,037,600$915,980$1,605,785
75$1,656,269$1,037,954$896,176$1,704,791
76$1,773,129$1,036,734$874,119$1,812,273
77$1,900,268$1,033,815$849,682$1,929,060
78$2,038,684$1,029,060$822,735$2,056,065
79$2,189,472$1,022,326$793,139$2,194,294
80$2,353,841$1,013,462$760,751$2,344,854
81$2,533,117$1,002,307$725,422$2,508,966
82$2,728,765$988,690$686,993$2,687,975
83$2,942,392$972,429$645,300$2,883,361
84$3,175,771$953,333$600,173$3,096,757
85$3,430,852$931,199$551,431$3,329,960
86$3,709,783$905,811$498,888$3,584,950
87$4,014,928$876,943$442,348$3,863,910
88$4,348,890$844,353$381,606$4,169,245
89$4,714,536$807,785$316,449$4,503,604
90$5,115,023$766,971$246,654$4,869,907
91$5,553,827$721,624$171,989$5,271,370
92$6,034,777$671,444$92,210$5,711,539
93$6,562,089$616,109$7,064$6,194,320
94$7,140,408$555,284$0$6,724,016
95$7,774,848$488,612$0$7,313,420
96$8,471,044$415,715$0$7,960,957
97$9,235,202$336,196$0$8,671,738
98$10,074,157$249,634$0$9,452,137
99$10,995,439$155,585$0$10,309,182
100$12,007,345$53,579$0$11,250,613