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%16.9%
1 years$79,854$79,143$78,449$77,771$77,110$74,942
2 years$39,532$38,795$38,082$37,390$36,719$34,551
3 years$26,093$25,353$24,642$23,956$23,296$21,197
4 years$19,374$18,637$17,933$17,259$16,615$14,600
5 years$15,345$14,612$13,917$13,257$12,630$10,705
6 years$12,659$11,932$11,247$10,601$9,994$8,160
7 years$10,741$10,020$9,346$8,716$8,128$6,386
8 years$9,304$8,589$7,926$7,312$6,743$5,092
9 years$8,186$7,478$6,827$6,228$5,678$4,116
10 years$7,293$6,592$5,952$5,369$4,838$3,363
11 years$6,562$5,868$5,240$4,672$4,161$2,771
12 years$5,954$5,267$4,650$4,098$3,606$2,297
13 years$5,440$4,760$4,155$3,618$3,144$1,915
14 years$4,999$4,327$3,733$3,212$2,756$1,603
15 years$4,618$3,952$3,370$2,864$2,427$1,347
16 years$4,284$3,626$3,056$2,565$2,145$1,135
17 years$3,990$3,340$2,781$2,304$1,902$958
18 years$3,729$3,086$2,538$2,077$1,691$811
19 years$3,496$2,860$2,324$1,876$1,507$687
20 years$3,287$2,658$2,133$1,699$1,346$583
21 years$3,097$2,476$1,962$1,542$1,205$496
22 years$2,925$2,311$1,808$1,402$1,080$422
23 years$2,768$2,161$1,669$1,277$969$359
24 years$2,625$2,025$1,544$1,165$871$306
25 years$2,493$1,900$1,430$1,064$784$261
26 years$2,372$1,786$1,326$973$706$222
27 years$2,259$1,681$1,231$890$637$190
28 years$2,155$1,584$1,145$816$575$162
29 years$2,059$1,494$1,065$748$519$138
30 years$1,968$1,411$992$687$469$118
31 years$1,884$1,334$925$631$424$101
32 years$1,806$1,262$863$579$383$86
33 years$1,732$1,195$806$533$347$74
34 years$1,662$1,133$753$490$314$63
35 years$1,597$1,075$704$451$285$54
36 years$1,536$1,020$659$416$258$46
37 years$1,478$969$616$383$234$39
38 years$1,423$921$577$353$212$34
39 years$1,371$875$541$325$192$29
40 years$1,322$833$507$300$174$25
41 years$1,275$793$475$277$158$21
42 years$1,231$755$446$256$143$18
43 years$1,189$719$418$236$130$15
44 years$1,149$686$393$218$118$13
45 years$1,111$654$369$201$107$11
46 years$1,074$624$346$186$97$10
47 years$1,040$595$325$172$88$8
48 years$1,006$568$306$159$80$7
49 years$975$543$287$147$73$6
50 years$944$518$270$136$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $967,000, adding $2,830 every year, while hoping to spend $44,274 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: 59/26/15 Blend
67$967,000$967,000$967,000$967,000
68$1,068,553$1,017,302$1,002,314$1,127,367
69$1,130,438$1,020,043$988,784$1,170,153
70$1,197,152$1,021,434$973,317$1,211,626
71$1,269,140$1,021,362$955,802$1,255,816
72$1,346,892$1,019,709$936,120$1,302,989
73$1,430,945$1,016,345$914,151$1,353,443
74$1,521,893$1,011,137$889,766$1,407,506
75$1,620,384$1,003,941$862,832$1,465,540
76$1,727,134$994,605$833,208$1,527,947
77$1,842,929$982,968$800,747$1,595,172
78$1,968,634$968,859$765,298$1,667,707
79$2,105,198$952,097$726,699$1,746,096
80$2,253,669$932,490$684,784$1,830,941
81$2,415,196$909,835$639,378$1,922,907
82$2,591,046$883,918$590,297$2,022,732
83$2,782,613$854,509$537,352$2,131,229
84$2,991,428$821,369$480,342$2,249,299
85$3,219,180$784,242$419,059$2,377,936
86$3,467,725$742,859$353,286$2,518,242
87$3,739,107$696,933$282,796$2,671,432
88$4,035,578$646,165$207,351$2,838,850
89$4,359,613$590,233$126,704$3,021,983
90$4,713,941$528,802$40,596$3,222,471
91$5,101,564$461,514$0$3,442,129
92$5,525,789$387,994$0$3,691,169
93$5,990,257$307,843$0$3,971,063
94$6,498,977$220,641$0$4,277,798
95$7,056,364$125,944$0$4,614,124
96$7,667,281$23,283$0$4,983,074
97$8,337,083$0$0$5,387,995
98$9,071,670$0$0$5,857,710
99$9,877,536$0$0$6,380,392
100$10,761,838$0$0$6,954,032