Can I retire at age 68 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$79,689$78,979$78,286$77,610$76,950$76,594
2 years$39,450$38,715$38,003$37,313$36,643$36,283
3 years$26,039$25,301$24,591$23,907$23,248$22,896
4 years$19,334$18,599$17,896$17,223$16,581$16,239
5 years$15,313$14,582$13,888$13,229$12,604$12,274
6 years$12,633$11,907$11,223$10,580$9,973$9,655
7 years$10,719$9,999$9,327$8,698$8,111$7,805
8 years$9,285$8,571$7,910$7,297$6,729$6,435
9 years$8,169$7,463$6,813$6,215$5,667$5,385
10 years$7,278$6,578$5,939$5,357$4,828$4,558
11 years$6,549$5,856$5,229$4,663$4,152$3,894
12 years$5,942$5,256$4,641$4,090$3,598$3,352
13 years$5,428$4,750$4,146$3,611$3,138$2,903
14 years$4,989$4,318$3,725$3,205$2,751$2,526
15 years$4,608$3,944$3,363$2,858$2,422$2,208
16 years$4,275$3,619$3,049$2,559$2,141$1,938
17 years$3,982$3,333$2,775$2,300$1,898$1,705
18 years$3,722$3,080$2,533$2,072$1,688$1,505
19 years$3,489$2,854$2,319$1,873$1,504$1,331
20 years$3,280$2,652$2,128$1,696$1,344$1,179
21 years$3,091$2,470$1,958$1,539$1,202$1,047
22 years$2,919$2,306$1,804$1,399$1,078$931
23 years$2,763$2,157$1,666$1,275$967$829
24 years$2,619$2,021$1,541$1,162$870$739
25 years$2,488$1,896$1,427$1,062$782$659
26 years$2,367$1,782$1,323$971$705$589
27 years$2,255$1,677$1,229$888$635$526
28 years$2,151$1,581$1,142$814$573$471
29 years$2,054$1,491$1,063$746$518$422
30 years$1,964$1,408$990$685$468$378
31 years$1,880$1,331$923$629$423$338
32 years$1,802$1,260$861$578$383$303
33 years$1,728$1,193$804$532$346$272
34 years$1,659$1,131$751$489$313$244
35 years$1,594$1,072$703$450$284$219
36 years$1,533$1,018$657$415$257$197
37 years$1,475$967$615$382$233$177
38 years$1,420$919$576$352$211$159
39 years$1,368$874$540$325$192$143
40 years$1,319$831$506$300$174$128
41 years$1,273$791$474$276$158$115
42 years$1,229$753$445$255$143$103
43 years$1,187$718$418$235$130$93
44 years$1,147$684$392$217$118$84
45 years$1,108$653$368$201$107$75
46 years$1,072$623$346$185$97$68
47 years$1,037$594$325$171$88$61
48 years$1,004$567$305$158$80$55
49 years$973$542$287$146$73$49
50 years$942$517$270$135$66$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $965,000, adding $2,333 every year, while hoping to spend $39,538 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: 55/38/7 Blend
67$965,000$965,000$965,000$965,000
68$1,065,836$1,014,691$999,734$1,122,620
69$1,132,484$1,022,343$991,157$1,168,872
70$1,204,604$1,029,045$980,967$1,214,620
71$1,282,713$1,034,708$969,070$1,263,464
72$1,367,380$1,039,238$955,363$1,315,704
73$1,459,228$1,042,537$939,744$1,371,670
74$1,558,945$1,044,496$922,100$1,431,729
75$1,667,285$1,045,005$902,319$1,496,284
76$1,785,080$1,043,942$880,278$1,565,785
77$1,913,243$1,041,180$855,853$1,640,724
78$2,052,781$1,036,585$828,911$1,721,647
79$2,204,800$1,030,013$799,315$1,809,160
80$2,370,518$1,021,312$766,920$1,903,929
81$2,551,275$1,010,320$731,576$2,006,691
82$2,748,547$996,867$693,125$2,118,261
83$2,963,957$980,772$651,404$2,239,540
84$3,199,293$961,843$606,238$2,371,522
85$3,456,524$939,876$557,450$2,515,306
86$3,737,816$914,656$504,851$2,672,106
87$4,045,554$885,955$448,244$2,843,264
88$4,382,366$853,532$387,426$3,030,259
89$4,751,143$817,132$322,181$3,234,730
90$5,155,072$776,484$252,286$3,458,481
91$5,597,660$731,302$177,509$3,703,510
92$6,082,771$681,285$97,604$3,972,018
93$6,614,658$626,113$12,319$4,266,441
94$7,198,008$565,447$0$4,589,464
95$7,837,983$498,932$0$4,949,930
96$8,540,267$426,189$0$5,346,602
97$9,311,122$346,821$0$5,782,194
98$10,157,447$260,406$0$6,260,720
99$11,086,840$166,499$0$6,786,607
100$12,107,671$64,630$0$7,364,741