Can I retire at age 68 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$79,854$79,143$78,449$77,771$77,110$76,178
2 years$39,532$38,795$38,082$37,390$36,719$35,781
3 years$26,093$25,353$24,642$23,956$23,296$22,381
4 years$19,374$18,637$17,933$17,259$16,615$15,730
5 years$15,345$14,612$13,917$13,257$12,630$11,779
6 years$12,659$11,932$11,247$10,601$9,994$9,176
7 years$10,741$10,020$9,346$8,716$8,128$7,344
8 years$9,304$8,589$7,926$7,312$6,743$5,993
9 years$8,186$7,478$6,827$6,228$5,678$4,963
10 years$7,293$6,592$5,952$5,369$4,838$4,156
11 years$6,562$5,868$5,240$4,672$4,161$3,511
12 years$5,954$5,267$4,650$4,098$3,606$2,988
13 years$5,440$4,760$4,155$3,618$3,144$2,558
14 years$4,999$4,327$3,733$3,212$2,756$2,200
15 years$4,618$3,952$3,370$2,864$2,427$1,900
16 years$4,284$3,626$3,056$2,565$2,145$1,647
17 years$3,990$3,340$2,781$2,304$1,902$1,431
18 years$3,729$3,086$2,538$2,077$1,691$1,247
19 years$3,496$2,860$2,324$1,876$1,507$1,089
20 years$3,287$2,658$2,133$1,699$1,346$952
21 years$3,097$2,476$1,962$1,542$1,205$834
22 years$2,925$2,311$1,808$1,402$1,080$732
23 years$2,768$2,161$1,669$1,277$969$643
24 years$2,625$2,025$1,544$1,165$871$565
25 years$2,493$1,900$1,430$1,064$784$497
26 years$2,372$1,786$1,326$973$706$438
27 years$2,259$1,681$1,231$890$637$386
28 years$2,155$1,584$1,145$816$575$340
29 years$2,059$1,494$1,065$748$519$300
30 years$1,968$1,411$992$687$469$265
31 years$1,884$1,334$925$631$424$234
32 years$1,806$1,262$863$579$383$207
33 years$1,732$1,195$806$533$347$183
34 years$1,662$1,133$753$490$314$161
35 years$1,597$1,075$704$451$285$143
36 years$1,536$1,020$659$416$258$126
37 years$1,478$969$616$383$234$112
38 years$1,423$921$577$353$212$99
39 years$1,371$875$541$325$192$87
40 years$1,322$833$507$300$174$77
41 years$1,275$793$475$277$158$68
42 years$1,231$755$446$256$143$61
43 years$1,189$719$418$236$130$54
44 years$1,149$686$393$218$118$47
45 years$1,111$654$369$201$107$42
46 years$1,074$624$346$186$97$37
47 years$1,040$595$325$172$88$33
48 years$1,006$568$306$159$80$29
49 years$975$543$287$147$73$26
50 years$944$518$270$136$66$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $967,000, adding $2,911 every year, while hoping to spend $55,299 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: 46/28/26 Blend
67$967,000$967,000$967,000$967,000
68$1,068,637$1,017,386$1,002,397$1,109,686
69$1,118,800$1,008,400$977,140$1,129,977
70$1,172,226$997,120$949,183$1,146,363
71$1,229,191$983,376$918,378$1,163,057
72$1,289,993$966,987$884,568$1,180,117
73$1,354,964$947,760$847,593$1,197,610
74$1,424,463$925,494$807,280$1,215,614
75$1,498,887$899,971$763,452$1,234,217
76$1,578,669$870,966$715,924$1,253,525
77$1,664,287$838,237$664,501$1,273,655
78$1,756,262$801,528$608,980$1,294,742
79$1,855,169$760,571$549,148$1,316,943
80$1,961,636$715,080$484,785$1,340,432
81$2,076,357$664,752$415,659$1,365,410
82$2,200,090$609,270$341,529$1,392,103
83$2,333,670$548,295$262,141$1,420,768
84$2,478,014$481,471$177,232$1,451,694
85$2,634,130$408,422$86,528$1,485,208
86$2,803,126$328,749$0$1,521,677
87$2,986,219$242,032$0$1,564,364
88$3,184,749$147,827$0$1,636,687
89$3,400,187$45,664$0$1,715,224
90$3,634,154$0$0$1,800,650
91$3,888,431$0$0$1,913,725
92$4,164,977$0$0$2,052,104
93$4,465,949$0$0$2,202,808
94$4,793,718$0$0$2,367,037
95$5,150,895$0$0$2,546,113
96$5,540,354$0$0$2,741,490
97$5,965,255$0$0$2,954,770
98$6,429,079$0$0$3,187,714
99$6,935,657$0$0$3,442,262
100$7,489,208$0$0$3,720,550