Can I retire at age 68 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$74,321$73,659$73,013$72,383$71,767$70,290
2 years$36,793$36,107$35,443$34,799$34,175$32,693
3 years$24,285$23,597$22,934$22,296$21,682$20,242
4 years$18,032$17,346$16,690$16,063$15,464$14,077
5 years$14,281$13,599$12,952$12,338$11,755$10,425
6 years$11,782$11,105$10,467$9,867$9,302$8,030
7 years$9,997$9,326$8,698$8,112$7,565$6,351
8 years$8,659$7,994$7,377$6,805$6,276$5,121
9 years$7,619$6,960$6,354$5,796$5,285$4,187
10 years$6,787$6,135$5,539$4,997$4,503$3,462
11 years$6,108$5,462$4,877$4,348$3,873$2,887
12 years$5,541$4,902$4,328$3,814$3,356$2,424
13 years$5,063$4,430$3,867$3,367$2,927$2,046
14 years$4,653$4,027$3,474$2,989$2,565$1,735
15 years$4,298$3,679$3,137$2,666$2,259$1,477
16 years$3,987$3,375$2,844$2,387$1,996$1,262
17 years$3,714$3,108$2,588$2,145$1,770$1,080
18 years$3,471$2,872$2,362$1,933$1,574$927
19 years$3,254$2,662$2,163$1,746$1,403$797
20 years$3,059$2,474$1,985$1,582$1,253$686
21 years$2,883$2,304$1,826$1,436$1,121$592
22 years$2,722$2,151$1,683$1,305$1,005$511
23 years$2,577$2,012$1,554$1,189$902$441
24 years$2,443$1,885$1,437$1,084$811$382
25 years$2,320$1,769$1,331$990$730$330
26 years$2,207$1,662$1,234$905$657$286
27 years$2,103$1,564$1,146$829$593$248
28 years$2,006$1,474$1,065$759$535$215
29 years$1,916$1,391$991$696$483$186
30 years$1,832$1,313$924$639$436$162
31 years$1,754$1,242$861$587$394$140
32 years$1,680$1,175$803$539$357$122
33 years$1,612$1,113$750$496$323$106
34 years$1,547$1,054$701$456$292$92
35 years$1,487$1,000$655$420$265$80
36 years$1,429$949$613$387$240$69
37 years$1,375$902$574$356$217$60
38 years$1,324$857$537$329$197$52
39 years$1,276$815$503$303$179$45
40 years$1,230$775$472$279$162$40
41 years$1,187$738$442$258$147$34
42 years$1,146$703$415$238$133$30
43 years$1,107$670$389$220$121$26
44 years$1,069$638$366$203$110$23
45 years$1,034$609$343$187$100$20
46 years$1,000$581$322$173$91$17
47 years$968$554$303$160$82$15
48 years$937$529$285$148$75$13
49 years$907$505$267$136$68$11
50 years$879$482$251$126$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $900,000, adding $2,904 every year, while hoping to spend $45,270 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: 53/41/6 Blend
67$900,000$900,000$900,000$900,000
68$994,795$947,095$933,145$1,045,993
69$1,048,098$945,336$916,239$1,079,216
70$1,105,319$941,974$897,249$1,110,129
71$1,166,813$936,881$876,057$1,142,659
72$1,232,964$929,925$852,542$1,176,968
73$1,304,198$920,962$826,573$1,213,235
74$1,380,979$909,843$798,017$1,251,658
75$1,463,821$896,407$766,732$1,292,459
76$1,553,285$880,485$732,572$1,335,884
77$1,649,989$861,898$695,382$1,382,208
78$1,754,613$840,455$655,002$1,431,737
79$1,867,902$815,956$611,263$1,484,808
80$1,990,678$788,188$563,990$1,541,800
81$2,123,842$756,925$513,000$1,603,131
82$2,268,389$721,929$458,100$1,669,266
83$2,425,408$682,947$399,090$1,740,723
84$2,596,101$639,713$335,760$1,818,075
85$2,781,789$591,944$267,894$1,901,958
86$2,983,924$539,342$195,261$1,993,080
87$3,204,107$481,593$117,625$2,092,224
88$3,444,097$418,362$34,737$2,200,260
89$3,705,831$349,298$0$2,318,151
90$3,991,441$274,028$0$2,450,405
91$4,303,272$192,160$0$2,597,364
92$4,643,909$103,279$0$2,758,131
93$5,016,194$6,946$0$2,934,180
94$5,423,258$0$0$3,127,140
95$5,868,549$0$0$3,382,712
96$6,355,860$0$0$3,665,918
97$6,889,373$0$0$3,976,063
98$7,473,687$0$0$4,315,834
99$8,113,872$0$0$4,688,189
100$8,815,509$0$0$5,096,387