Can I retire at age 68 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$80,019$79,306$78,611$77,932$77,269$74,736
2 years$39,613$38,876$38,161$37,467$36,795$34,267
3 years$26,147$25,406$24,692$24,006$23,344$20,901
4 years$19,415$18,676$17,970$17,295$16,649$14,309
5 years$15,376$14,642$13,945$13,284$12,657$10,426
6 years$12,685$11,956$11,270$10,623$10,015$7,895
7 years$10,764$10,041$9,365$8,734$8,145$6,136
8 years$9,323$8,607$7,943$7,327$6,757$4,858
9 years$8,203$7,494$6,841$6,241$5,690$3,899
10 years$7,308$6,606$5,964$5,380$4,848$3,162
11 years$6,576$5,880$5,251$4,682$4,170$2,585
12 years$5,966$5,278$4,660$4,107$3,613$2,126
13 years$5,451$4,770$4,163$3,626$3,151$1,758
14 years$5,009$4,336$3,741$3,218$2,762$1,460
15 years$4,627$3,961$3,377$2,870$2,432$1,216
16 years$4,293$3,634$3,062$2,570$2,149$1,015
17 years$3,999$3,347$2,786$2,309$1,906$850
18 years$3,737$3,092$2,544$2,081$1,695$713
19 years$3,503$2,866$2,329$1,880$1,510$599
20 years$3,293$2,663$2,137$1,703$1,349$504
21 years$3,104$2,481$1,966$1,546$1,207$424
22 years$2,931$2,316$1,812$1,405$1,082$357
23 years$2,774$2,166$1,673$1,280$971$301
24 years$2,630$2,029$1,547$1,167$873$254
25 years$2,498$1,904$1,433$1,066$786$215
26 years$2,377$1,790$1,329$975$708$181
27 years$2,264$1,684$1,234$892$638$153
28 years$2,160$1,587$1,147$817$576$130
29 years$2,063$1,497$1,068$750$520$110
30 years$1,972$1,414$994$688$470$93
31 years$1,888$1,337$927$632$425$78
32 years$1,809$1,265$865$581$384$66
33 years$1,735$1,198$808$534$348$56
34 years$1,666$1,135$755$491$315$47
35 years$1,601$1,077$705$452$285$40
36 years$1,539$1,022$660$417$258$34
37 years$1,481$971$618$384$234$29
38 years$1,426$922$578$354$212$24
39 years$1,374$877$542$326$192$21
40 years$1,325$835$508$301$175$17
41 years$1,278$794$476$278$158$15
42 years$1,234$757$447$256$144$13
43 years$1,191$721$419$236$130$11
44 years$1,151$687$394$218$118$9
45 years$1,113$655$370$202$107$8
46 years$1,077$625$347$186$98$6
47 years$1,042$597$326$172$89$5
48 years$1,008$569$306$159$80$5
49 years$977$544$288$147$73$4
50 years$946$519$271$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $969,000, adding $6,601 every year, while hoping to spend $44,557 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: 68/8/24 Blend
67$969,000$969,000$969,000$969,000
68$1,074,647$1,023,290$1,008,270$1,140,710
69$1,136,853$1,026,023$994,639$1,188,581
70$1,203,910$1,027,396$979,058$1,235,203
71$1,276,267$1,027,297$961,414$1,285,165
72$1,354,415$1,025,603$941,591$1,338,796
73$1,438,895$1,022,188$919,464$1,396,461
74$1,530,302$1,016,914$894,905$1,458,561
75$1,629,288$1,009,639$867,780$1,525,540
76$1,736,573$1,000,208$837,948$1,597,890
77$1,852,944$988,459$805,260$1,676,151
78$1,979,272$974,221$769,564$1,760,923
79$2,116,511$957,311$730,698$1,852,866
80$2,265,712$937,537$688,493$1,952,708
81$2,428,031$914,692$642,774$2,061,257
82$2,604,740$888,562$593,356$2,179,402
83$2,797,238$858,916$540,049$2,308,124
84$3,007,066$825,512$482,650$2,448,507
85$3,235,918$788,094$420,950$2,601,749
86$3,485,660$746,389$354,730$2,769,170
87$3,758,346$700,111$283,762$2,952,229
88$4,056,236$648,955$207,807$3,152,535
89$4,381,818$592,600$126,615$3,371,865
90$4,737,834$530,707$39,926$3,612,178
91$5,127,298$462,917$0$3,875,638
92$5,553,533$388,851$0$4,178,098
93$6,020,197$308,108$0$4,520,513
94$6,531,317$220,265$0$4,895,630
95$7,091,328$124,875$0$5,306,735
96$7,705,116$21,467$0$5,757,447
97$8,378,060$0$0$6,251,756
98$9,116,086$0$0$6,802,021
99$9,925,719$0$0$7,407,808
100$10,814,149$0$0$8,072,613