Can I retire at age 68 with 985,000?

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 $985,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$81,340$80,616$79,909$79,219$78,545$77,920
2 years$40,268$39,518$38,791$38,086$37,403$36,772
3 years$26,578$25,825$25,100$24,402$23,730$23,114
4 years$19,735$18,984$18,267$17,580$16,924$16,327
5 years$15,630$14,884$14,176$13,503$12,866$12,290
6 years$12,895$12,154$11,456$10,799$10,180$9,626
7 years$10,941$10,207$9,520$8,878$8,279$7,747
8 years$9,477$8,749$8,074$7,448$6,868$6,358
9 years$8,339$7,618$6,954$6,344$5,784$5,296
10 years$7,429$6,715$6,063$5,468$4,928$4,462
11 years$6,684$5,978$5,337$4,759$4,239$3,793
12 years$6,065$5,365$4,737$4,174$3,673$3,248
13 years$5,541$4,849$4,232$3,685$3,203$2,799
14 years$5,092$4,407$3,802$3,271$2,808$2,423
15 years$4,704$4,026$3,433$2,918$2,472$2,107
16 years$4,364$3,694$3,113$2,612$2,185$1,839
17 years$4,065$3,402$2,832$2,347$1,937$1,609
18 years$3,799$3,143$2,586$2,115$1,723$1,412
19 years$3,561$2,913$2,367$1,911$1,535$1,242
20 years$3,348$2,707$2,172$1,731$1,371$1,094
21 years$3,155$2,522$1,998$1,571$1,227$966
22 years$2,980$2,354$1,842$1,428$1,100$853
23 years$2,820$2,202$1,700$1,301$987$755
24 years$2,674$2,063$1,573$1,187$888$669
25 years$2,539$1,936$1,456$1,084$799$593
26 years$2,416$1,819$1,351$991$719$527
27 years$2,301$1,712$1,254$907$649$468
28 years$2,195$1,613$1,166$831$585$416
29 years$2,097$1,522$1,085$762$528$370
30 years$2,005$1,437$1,011$699$477$329
31 years$1,919$1,359$942$642$432$293
32 years$1,839$1,286$879$590$391$261
33 years$1,764$1,218$821$543$353$233
34 years$1,693$1,154$767$499$320$207
35 years$1,627$1,095$717$460$290$185
36 years$1,564$1,039$671$423$263$165
37 years$1,505$987$628$390$238$147
38 years$1,450$938$588$360$216$131
39 years$1,397$892$551$332$196$117
40 years$1,347$848$516$306$177$104
41 years$1,299$808$484$282$161$93
42 years$1,254$769$454$260$146$83
43 years$1,211$733$426$240$133$74
44 years$1,170$698$400$222$120$66
45 years$1,131$666$376$205$109$59
46 years$1,094$635$353$189$99$53
47 years$1,059$606$331$175$90$47
48 years$1,025$579$311$162$82$42
49 years$993$553$293$149$74$38
50 years$962$528$275$138$67$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $985,000, adding $6,218 every year, while hoping to spend $28,434 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: 54/32/14 Blend
67$985,000$985,000$985,000$985,000
68$1,091,884$1,039,679$1,024,411$1,146,496
69$1,173,002$1,060,370$1,028,476$1,205,068
70$1,261,442$1,081,121$1,031,723$1,265,204
71$1,357,920$1,101,907$1,034,096$1,330,011
72$1,463,224$1,122,696$1,035,535$1,399,939
73$1,578,223$1,143,459$1,035,976$1,475,485
74$1,703,874$1,164,160$1,035,353$1,557,197
75$1,841,228$1,184,763$1,033,596$1,645,680
76$1,991,444$1,205,227$1,030,632$1,741,598
77$2,155,798$1,225,510$1,026,385$1,845,685
78$2,335,695$1,245,566$1,020,775$1,958,751
79$2,532,682$1,265,345$1,013,717$2,081,687
80$2,748,462$1,284,793$1,005,122$2,215,476
81$2,984,911$1,303,853$994,900$2,361,202
82$3,244,095$1,322,465$982,952$2,520,061
83$3,528,289$1,340,563$969,178$2,693,369
84$3,840,001$1,358,076$953,471$2,882,579
85$4,181,989$1,374,930$935,721$3,089,293
86$4,557,295$1,391,045$915,810$3,315,277
87$4,969,267$1,406,334$893,618$3,562,477
88$5,421,596$1,420,708$869,017$3,833,039
89$5,918,343$1,434,067$841,875$4,129,331
90$6,463,987$1,446,310$812,050$4,453,961
91$7,063,459$1,457,324$779,399$4,809,805
92$7,722,192$1,466,993$743,769$5,200,036
93$8,446,170$1,475,190$705,000$5,628,150
94$9,241,988$1,481,783$662,926$6,098,003
95$10,116,911$1,486,630$617,374$6,613,843
96$11,078,940$1,489,580$568,161$7,180,359
97$12,136,896$1,490,473$515,097$7,802,715
98$13,300,492$1,489,138$457,986$8,486,607
99$14,580,431$1,485,396$396,618$9,238,315
100$15,988,509$1,479,054$330,778$10,064,761