Can I retire at age 68 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$79,193$78,488$77,800$77,128$76,472$75,112
2 years$39,205$38,474$37,767$37,081$36,415$35,050
3 years$25,877$25,143$24,438$23,758$23,103$21,775
4 years$19,214$18,483$17,784$17,116$16,477$15,197
5 years$15,218$14,491$13,801$13,147$12,526$11,296
6 years$12,554$11,833$11,154$10,514$9,911$8,734
7 years$10,652$9,937$9,269$8,644$8,061$6,935
8 years$9,227$8,518$7,861$7,251$6,687$5,614
9 years$8,119$7,417$6,770$6,176$5,631$4,610
10 years$7,232$6,537$5,903$5,324$4,798$3,828
11 years$6,508$5,820$5,196$4,634$4,127$3,206
12 years$5,905$5,224$4,612$4,064$3,576$2,704
13 years$5,395$4,721$4,120$3,588$3,118$2,293
14 years$4,958$4,291$3,702$3,185$2,734$1,954
15 years$4,579$3,920$3,342$2,841$2,407$1,672
16 years$4,249$3,596$3,030$2,543$2,127$1,435
17 years$3,957$3,312$2,758$2,285$1,886$1,235
18 years$3,698$3,061$2,517$2,059$1,677$1,065
19 years$3,467$2,836$2,304$1,861$1,495$920
20 years$3,259$2,636$2,115$1,685$1,335$797
21 years$3,071$2,455$1,945$1,530$1,195$690
22 years$2,901$2,292$1,793$1,391$1,071$599
23 years$2,745$2,143$1,655$1,267$961$521
24 years$2,603$2,008$1,531$1,155$864$453
25 years$2,472$1,885$1,418$1,055$778$394
26 years$2,352$1,771$1,315$965$700$343
27 years$2,241$1,667$1,221$883$631$299
28 years$2,137$1,571$1,135$809$570$261
29 years$2,041$1,482$1,056$742$515$227
30 years$1,952$1,399$984$681$465$198
31 years$1,869$1,323$917$625$420$173
32 years$1,791$1,252$856$575$380$151
33 years$1,717$1,185$799$528$344$132
34 years$1,649$1,124$747$486$312$115
35 years$1,584$1,066$698$448$282$101
36 years$1,523$1,011$653$412$256$88
37 years$1,466$961$611$380$232$77
38 years$1,411$913$572$350$210$67
39 years$1,360$868$536$323$190$59
40 years$1,311$826$503$298$173$51
41 years$1,265$786$471$275$157$45
42 years$1,221$749$442$254$142$39
43 years$1,179$713$415$234$129$34
44 years$1,139$680$389$216$117$30
45 years$1,102$649$366$200$106$26
46 years$1,065$619$343$184$97$23
47 years$1,031$590$323$170$88$20
48 years$998$564$303$157$80$18
49 years$966$538$285$145$72$15
50 years$936$514$268$134$66$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $959,000, adding $4,977 every year, while hoping to spend $53,748 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: 86/7/7 Blend
67$959,000$959,000$959,000$959,000
68$1,061,952$1,011,125$996,260$1,152,274
69$1,113,083$1,003,482$972,448$1,204,276
70$1,167,629$993,664$946,036$1,253,506
71$1,225,880$981,507$916,881$1,305,884
72$1,288,156$966,837$884,833$1,361,688
73$1,354,807$949,471$849,734$1,421,225
74$1,426,218$929,215$811,420$1,484,833
75$1,502,808$905,863$769,719$1,552,885
76$1,585,041$879,197$724,451$1,625,788
77$1,673,424$848,986$675,428$1,703,995
78$1,768,513$814,986$622,455$1,787,999
79$1,870,919$776,938$565,325$1,878,348
80$1,981,315$734,570$503,825$1,975,641
81$2,100,437$687,592$437,732$2,080,541
82$2,229,096$635,698$366,810$2,193,777
83$2,368,182$578,566$290,817$2,316,151
84$2,518,674$515,853$209,496$2,448,547
85$2,681,648$447,199$122,584$2,591,940
86$2,858,286$372,222$29,800$2,747,402
87$3,049,890$290,519$0$2,916,116
88$3,257,889$201,665$0$3,104,555
89$3,483,856$105,209$0$3,311,695
90$3,729,523$678$0$3,536,913
91$3,996,792$0$0$3,781,977
92$4,287,759$0$0$4,057,493
93$4,604,728$0$0$4,357,699
94$4,950,236$0$0$4,684,946
95$5,327,074$0$0$5,041,878
96$5,738,315$0$0$5,431,409
97$6,187,341$0$0$5,856,742
98$6,677,875$0$0$6,321,406
99$7,214,015$0$0$6,829,285
100$7,800,273$0$0$7,384,656