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%14.3%
1 years$74,321$73,659$73,013$72,383$71,767$70,491
2 years$36,793$36,107$35,443$34,799$34,175$32,894
3 years$24,285$23,597$22,934$22,296$21,682$20,436
4 years$18,032$17,346$16,690$16,063$15,464$14,262
5 years$14,281$13,599$12,952$12,338$11,755$10,601
6 years$11,782$11,105$10,467$9,867$9,302$8,196
7 years$9,997$9,326$8,698$8,112$7,565$6,509
8 years$8,659$7,994$7,377$6,805$6,276$5,269
9 years$7,619$6,960$6,354$5,796$5,285$4,327
10 years$6,787$6,135$5,539$4,997$4,503$3,592
11 years$6,108$5,462$4,877$4,348$3,873$3,009
12 years$5,541$4,902$4,328$3,814$3,356$2,538
13 years$5,063$4,430$3,867$3,367$2,927$2,152
14 years$4,653$4,027$3,474$2,989$2,565$1,834
15 years$4,298$3,679$3,137$2,666$2,259$1,569
16 years$3,987$3,375$2,844$2,387$1,996$1,346
17 years$3,714$3,108$2,588$2,145$1,770$1,159
18 years$3,471$2,872$2,362$1,933$1,574$999
19 years$3,254$2,662$2,163$1,746$1,403$864
20 years$3,059$2,474$1,985$1,582$1,253$748
21 years$2,883$2,304$1,826$1,436$1,121$648
22 years$2,722$2,151$1,683$1,305$1,005$562
23 years$2,577$2,012$1,554$1,189$902$489
24 years$2,443$1,885$1,437$1,084$811$425
25 years$2,320$1,769$1,331$990$730$370
26 years$2,207$1,662$1,234$905$657$322
27 years$2,103$1,564$1,146$829$593$281
28 years$2,006$1,474$1,065$759$535$245
29 years$1,916$1,391$991$696$483$213
30 years$1,832$1,313$924$639$436$186
31 years$1,754$1,242$861$587$394$163
32 years$1,680$1,175$803$539$357$142
33 years$1,612$1,113$750$496$323$124
34 years$1,547$1,054$701$456$292$108
35 years$1,487$1,000$655$420$265$95
36 years$1,429$949$613$387$240$83
37 years$1,375$902$574$356$217$72
38 years$1,324$857$537$329$197$63
39 years$1,276$815$503$303$179$55
40 years$1,230$775$472$279$162$48
41 years$1,187$738$442$258$147$42
42 years$1,146$703$415$238$133$37
43 years$1,107$670$389$220$121$32
44 years$1,069$638$366$203$110$28
45 years$1,034$609$343$187$100$25
46 years$1,000$581$322$173$91$22
47 years$968$554$303$160$82$19
48 years$937$529$285$148$75$17
49 years$907$505$267$136$68$14
50 years$879$482$251$126$62$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $900,000, adding $6,791 every year, while hoping to spend $47,840 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: 72/12/16 Blend
67$900,000$900,000$900,000$900,000
68$998,805$951,105$937,155$1,066,592
69$1,049,782$946,808$917,648$1,108,176
70$1,104,355$940,696$895,885$1,147,244
71$1,162,840$932,632$871,738$1,188,780
72$1,225,585$922,466$845,077$1,233,021
73$1,292,970$910,043$815,762$1,280,225
74$1,365,414$895,195$783,651$1,330,679
75$1,443,374$877,748$748,591$1,384,700
76$1,527,355$857,514$710,426$1,442,640
77$1,617,910$834,297$668,989$1,504,884
78$1,715,646$807,887$624,110$1,571,860
79$1,821,232$778,064$575,608$1,644,041
80$1,935,401$744,592$523,294$1,721,949
81$2,058,960$707,226$466,973$1,806,160
82$2,192,796$665,702$406,439$1,897,310
83$2,337,884$619,743$341,477$1,996,105
84$2,495,295$569,058$271,863$2,103,319
85$2,666,210$513,336$197,365$2,219,812
86$2,851,923$452,250$117,737$2,346,531
87$3,053,863$385,454$32,725$2,484,523
88$3,273,599$312,583$0$2,634,942
89$3,512,858$233,251$0$2,808,967
90$3,773,539$147,050$0$3,004,711
91$4,057,735$53,550$0$3,218,185
92$4,367,746$0$0$3,451,159
93$4,706,106$0$0$3,711,880
94$5,075,604$0$0$4,004,357
95$5,479,309$0$0$4,323,954
96$5,920,601$0$0$4,673,351
97$6,403,200$0$0$5,055,499
98$6,931,204$0$0$5,473,649
99$7,509,122$0$0$5,931,378
100$8,141,923$0$0$6,432,628