Can I retire at age 68 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$79,606$78,897$78,205$77,530$76,871$76,450
2 years$39,409$38,675$37,964$37,274$36,605$36,181
3 years$26,012$25,275$24,565$23,882$23,224$22,809
4 years$19,314$18,579$17,877$17,206$16,563$16,161
5 years$15,297$14,567$13,873$13,215$12,591$12,203
6 years$12,620$11,895$11,212$10,569$9,963$9,589
7 years$10,708$9,989$9,317$8,689$8,103$7,743
8 years$9,275$8,563$7,902$7,289$6,722$6,376
9 years$8,161$7,455$6,806$6,209$5,661$5,330
10 years$7,270$6,571$5,933$5,352$4,823$4,506
11 years$6,542$5,850$5,224$4,658$4,148$3,845
12 years$5,935$5,251$4,636$4,085$3,595$3,305
13 years$5,423$4,745$4,142$3,607$3,135$2,859
14 years$4,984$4,313$3,721$3,202$2,748$2,485
15 years$4,603$3,940$3,360$2,855$2,419$2,169
16 years$4,271$3,615$3,046$2,557$2,138$1,901
17 years$3,978$3,329$2,772$2,297$1,896$1,670
18 years$3,718$3,076$2,530$2,070$1,686$1,472
19 years$3,485$2,851$2,317$1,871$1,503$1,300
20 years$3,276$2,650$2,126$1,694$1,342$1,150
21 years$3,088$2,468$1,955$1,538$1,201$1,020
22 years$2,916$2,304$1,802$1,398$1,077$905
23 years$2,760$2,155$1,664$1,273$966$805
24 years$2,617$2,019$1,539$1,161$869$716
25 years$2,485$1,894$1,425$1,061$782$638
26 years$2,364$1,781$1,322$970$704$569
27 years$2,252$1,676$1,228$888$635$508
28 years$2,149$1,579$1,141$813$573$454
29 years$2,052$1,490$1,062$746$517$406
30 years$1,962$1,407$989$684$467$363
31 years$1,878$1,330$922$629$422$324
32 years$1,800$1,258$860$578$382$290
33 years$1,726$1,192$803$531$346$260
34 years$1,657$1,129$751$489$313$233
35 years$1,592$1,071$702$450$284$209
36 years$1,531$1,017$657$414$257$187
37 years$1,473$966$614$382$233$168
38 years$1,419$918$575$352$211$150
39 years$1,367$873$539$324$191$135
40 years$1,318$830$505$299$174$121
41 years$1,271$790$474$276$158$109
42 years$1,227$753$444$255$143$97
43 years$1,185$717$417$235$130$87
44 years$1,145$684$392$217$118$78
45 years$1,107$652$368$201$107$70
46 years$1,071$622$345$185$97$63
47 years$1,036$593$324$171$88$57
48 years$1,003$567$305$158$80$51
49 years$972$541$287$146$73$46
50 years$941$517$269$135$66$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $964,000, adding $4,265 every year, while hoping to spend $32,291 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: 28/46/26 Blend
67$964,000$964,000$964,000$964,000
68$1,066,727$1,015,635$1,000,693$1,087,867
69$1,141,176$1,031,044$999,859$1,120,368
70$1,222,137$1,046,126$997,915$1,152,169
71$1,310,238$1,060,830$994,789$1,185,676
72$1,406,175$1,075,103$990,407$1,221,057
73$1,510,710$1,088,888$984,690$1,258,499
74$1,624,682$1,102,123$977,557$1,298,209
75$1,749,015$1,114,743$968,921$1,340,418
76$1,884,727$1,126,677$958,692$1,385,381
77$2,032,936$1,137,852$946,775$1,433,383
78$2,194,876$1,148,187$933,073$1,484,740
79$2,371,903$1,157,598$917,480$1,539,800
80$2,565,511$1,165,994$899,890$1,598,953
81$2,777,345$1,173,279$880,188$1,662,629
82$3,009,216$1,179,351$858,256$1,731,305
83$3,263,118$1,184,101$833,969$1,805,512
84$3,541,247$1,187,413$807,198$1,885,836
85$3,846,022$1,189,164$777,807$1,972,927
86$4,180,106$1,189,223$745,654$2,067,507
87$4,546,433$1,187,452$710,589$2,170,374
88$4,948,234$1,183,702$672,459$2,282,412
89$5,389,068$1,177,818$631,101$2,404,599
90$5,872,855$1,169,632$586,344$2,538,021
91$6,403,912$1,158,970$538,013$2,683,876
92$6,986,996$1,145,645$485,921$2,843,492
93$7,627,346$1,129,457$429,876$3,018,340
94$8,330,733$1,110,199$369,674$3,210,044
95$9,103,516$1,087,647$305,106$3,420,402
96$9,952,699$1,061,565$235,952$3,651,402
97$10,885,997$1,031,706$161,980$3,905,245
98$11,911,914$997,804$82,950$4,184,361
99$13,039,813$959,580$0$4,491,438
100$14,280,014$916,740$0$4,829,833