Can I retire at age 68 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$79,524$78,815$78,124$77,450$76,791$74,392
2 years$39,368$38,635$37,924$37,235$36,567$34,172
3 years$25,985$25,248$24,540$23,857$23,200$20,883
4 years$19,294$18,560$17,859$17,188$16,546$14,326
5 years$15,281$14,551$13,859$13,202$12,578$10,460
6 years$12,607$11,882$11,200$10,558$9,953$7,939
7 years$10,697$9,979$9,307$8,680$8,094$6,184
8 years$9,265$8,554$7,893$7,281$6,715$4,908
9 years$8,152$7,447$6,799$6,202$5,655$3,948
10 years$7,263$6,565$5,927$5,346$4,818$3,210
11 years$6,535$5,844$5,218$4,653$4,144$2,631
12 years$5,929$5,245$4,631$4,081$3,591$2,170
13 years$5,417$4,740$4,137$3,603$3,131$1,799
14 years$4,978$4,309$3,718$3,198$2,745$1,498
15 years$4,598$3,936$3,356$2,852$2,417$1,251
16 years$4,266$3,611$3,043$2,554$2,136$1,048
17 years$3,974$3,326$2,769$2,295$1,894$880
18 years$3,714$3,073$2,528$2,068$1,684$740
19 years$3,482$2,848$2,314$1,869$1,501$624
20 years$3,273$2,647$2,124$1,692$1,341$526
21 years$3,084$2,465$1,953$1,536$1,200$444
22 years$2,913$2,301$1,800$1,397$1,075$376
23 years$2,757$2,152$1,662$1,272$965$318
24 years$2,614$2,017$1,537$1,160$868$269
25 years$2,483$1,893$1,424$1,059$781$228
26 years$2,362$1,779$1,321$969$703$193
27 years$2,250$1,674$1,226$887$634$164
28 years$2,146$1,577$1,140$812$572$139
29 years$2,050$1,488$1,061$745$517$118
30 years$1,960$1,405$988$684$467$100
31 years$1,876$1,328$921$628$422$85
32 years$1,798$1,257$860$577$382$72
33 years$1,725$1,190$803$531$346$61
34 years$1,656$1,128$750$488$313$52
35 years$1,591$1,070$701$449$283$44
36 years$1,529$1,016$656$414$257$37
37 years$1,472$965$614$381$233$32
38 years$1,417$917$575$352$211$27
39 years$1,366$872$539$324$191$23
40 years$1,317$829$505$299$174$19
41 years$1,270$790$473$276$157$17
42 years$1,226$752$444$255$143$14
43 years$1,184$716$417$235$130$12
44 years$1,144$683$391$217$118$10
45 years$1,106$651$367$200$107$9
46 years$1,070$621$345$185$97$7
47 years$1,035$593$324$171$88$6
48 years$1,002$566$305$158$80$5
49 years$971$540$286$146$73$4
50 years$940$516$269$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $963,000, adding $2,881 every year, while hoping to spend $34,551 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: 78/15/7 Blend
67$963,000$963,000$963,000$963,000
68$1,064,198$1,013,159$998,232$1,146,114
69$1,135,984$1,026,042$994,911$1,213,152
70$1,213,934$1,038,398$990,321$1,281,871
71$1,298,641$1,050,165$984,382$1,356,210
72$1,390,756$1,061,276$977,012$1,436,713
73$1,490,996$1,071,661$968,124$1,523,980
74$1,600,149$1,081,244$957,628$1,618,669
75$1,719,083$1,089,944$945,428$1,721,507
76$1,848,754$1,097,676$931,424$1,833,295
77$1,990,213$1,104,348$915,513$1,954,914
78$2,144,616$1,109,862$897,584$2,087,336
79$2,313,237$1,114,116$877,524$2,231,631
80$2,497,479$1,117,000$855,212$2,388,979
81$2,698,885$1,118,396$830,525$2,560,678
82$2,919,154$1,118,180$803,330$2,748,161
83$3,160,157$1,116,220$773,491$2,953,006
84$3,423,955$1,112,377$740,865$3,176,950
85$3,712,817$1,106,502$705,302$3,421,911
86$4,029,240$1,098,436$666,646$3,690,000
87$4,375,977$1,088,014$624,733$3,983,544
88$4,756,057$1,075,057$579,392$4,305,108
89$5,172,818$1,059,377$530,444$4,657,516
90$5,629,935$1,040,777$477,704$5,043,886
91$6,131,457$1,019,043$420,976$5,467,648
92$6,681,843$993,954$360,056$5,932,588
93$7,286,005$965,272$294,732$6,442,873
94$7,949,354$932,747$224,782$7,003,101
95$8,677,851$896,114$149,975$7,618,336
96$9,478,060$855,092$70,067$8,294,159
97$10,357,215$809,385$0$9,036,725
98$11,323,285$758,678$0$9,853,949
99$12,385,047$702,640$0$10,757,828
100$13,552,173$640,921$0$11,751,380