Can I retire at age 68 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$75,230$74,559$73,906$73,268$72,644$72,338
2 years$37,242$36,549$35,877$35,225$34,593$34,284
3 years$24,582$23,885$23,214$22,569$21,947$21,645
4 years$18,252$17,558$16,894$16,260$15,653$15,359
5 years$14,456$13,766$13,111$12,489$11,899$11,615
6 years$11,926$11,241$10,595$9,987$9,415$9,142
7 years$10,119$9,440$8,805$8,211$7,657$7,394
8 years$8,765$8,092$7,467$6,888$6,352$6,100
9 years$7,712$7,045$6,431$5,867$5,350$5,107
10 years$6,870$6,210$5,607$5,058$4,558$4,326
11 years$6,182$5,529$4,936$4,402$3,920$3,698
12 years$5,609$4,962$4,381$3,861$3,397$3,185
13 years$5,125$4,484$3,914$3,409$2,962$2,760
14 years$4,710$4,076$3,517$3,026$2,597$2,404
15 years$4,350$3,724$3,175$2,698$2,286$2,103
16 years$4,036$3,416$2,879$2,416$2,021$1,846
17 years$3,759$3,146$2,620$2,171$1,792$1,626
18 years$3,513$2,907$2,391$1,956$1,593$1,435
19 years$3,294$2,694$2,189$1,768$1,420$1,270
20 years$3,096$2,504$2,009$1,601$1,268$1,127
21 years$2,918$2,332$1,848$1,453$1,135$1,001
22 years$2,756$2,177$1,703$1,321$1,017$891
23 years$2,608$2,036$1,573$1,203$913$794
24 years$2,473$1,908$1,454$1,097$821$708
25 years$2,349$1,790$1,347$1,002$739$632
26 years$2,234$1,683$1,249$916$665$565
27 years$2,128$1,584$1,160$839$600$506
28 years$2,030$1,492$1,078$768$541$453
29 years$1,939$1,408$1,004$705$489$405
30 years$1,854$1,329$935$647$442$363
31 years$1,775$1,257$872$594$399$326
32 years$1,701$1,189$813$546$361$292
33 years$1,631$1,126$759$502$327$263
34 years$1,566$1,067$709$462$296$236
35 years$1,505$1,012$663$425$268$212
36 years$1,447$961$620$392$243$190
37 years$1,392$913$581$361$220$171
38 years$1,341$867$544$333$200$154
39 years$1,292$825$509$307$181$138
40 years$1,245$785$478$283$164$124
41 years$1,202$747$448$261$149$112
42 years$1,160$711$420$241$135$101
43 years$1,120$678$394$222$123$91
44 years$1,082$646$370$205$111$81
45 years$1,046$616$347$190$101$73
46 years$1,012$588$326$175$92$66
47 years$979$561$307$162$83$59
48 years$948$535$288$149$76$53
49 years$918$511$271$138$69$48
50 years$889$488$255$128$62$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $911,000, adding $4,666 every year, while hoping to spend $29,844 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: 52/21/27 Blend
67$911,000$911,000$911,000$911,000
68$1,008,735$960,452$946,331$1,053,344
69$1,079,872$975,760$946,280$1,100,113
70$1,157,265$990,819$945,226$1,147,558
71$1,241,520$1,005,583$943,105$1,198,575
72$1,333,305$1,020,006$939,849$1,253,517
73$1,433,355$1,034,039$935,387$1,312,775
74$1,542,477$1,047,627$929,642$1,376,778
75$1,661,561$1,060,712$922,537$1,446,003
76$1,791,587$1,073,234$913,989$1,520,973
77$1,933,634$1,085,127$903,911$1,602,269
78$2,088,886$1,096,320$892,215$1,690,530
79$2,258,653$1,106,740$878,804$1,786,462
80$2,444,372$1,116,306$863,580$1,890,844
81$2,647,627$1,124,934$846,439$2,004,537
82$2,870,162$1,132,534$827,273$2,128,490
83$3,113,900$1,139,009$805,967$2,263,751
84$3,380,955$1,144,258$782,404$2,411,476
85$3,673,656$1,148,170$756,459$2,572,943
86$3,994,570$1,150,632$728,001$2,749,560
87$4,346,523$1,151,519$696,896$2,942,881
88$4,732,627$1,150,702$663,000$3,154,623
89$5,156,310$1,148,042$626,166$3,386,676
90$5,621,349$1,143,392$586,238$3,641,131
91$6,131,904$1,136,595$543,054$3,920,290
92$6,692,556$1,127,486$496,445$4,226,697
93$7,308,354$1,115,890$446,233$4,563,155
94$7,984,857$1,101,620$392,233$4,932,759
95$8,728,192$1,084,479$334,252$5,338,922
96$9,545,107$1,064,257$272,088$5,785,408
97$10,443,036$1,040,734$205,532$6,276,370
98$11,430,170$1,013,674$134,361$6,816,389
99$12,515,533$982,830$58,348$7,410,518
100$13,709,067$947,939$0$8,064,328