Can I retire at age 68 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$75,395$74,723$74,068$73,428$72,804$70,672
2 years$37,324$36,629$35,955$35,302$34,669$32,538
3 years$24,636$23,937$23,265$22,618$21,995$19,932
4 years$18,293$17,597$16,931$16,295$15,687$13,708
5 years$14,488$13,796$13,139$12,516$11,925$10,036
6 years$11,952$11,265$10,619$10,009$9,436$7,637
7 years$10,141$9,461$8,824$8,229$7,674$5,966
8 years$8,784$8,110$7,484$6,903$6,366$4,749
9 years$7,729$7,061$6,446$5,880$5,361$3,832
10 years$6,886$6,224$5,619$5,069$4,568$3,125
11 years$6,196$5,541$4,947$4,411$3,929$2,570
12 years$5,621$4,973$4,391$3,869$3,405$2,126
13 years$5,136$4,494$3,923$3,416$2,969$1,769
14 years$4,720$4,085$3,525$3,032$2,602$1,478
15 years$4,360$3,732$3,182$2,704$2,291$1,239
16 years$4,045$3,424$2,885$2,421$2,025$1,041
17 years$3,767$3,153$2,625$2,176$1,796$878
18 years$3,521$2,914$2,397$1,961$1,597$741
19 years$3,301$2,700$2,194$1,772$1,423$627
20 years$3,103$2,509$2,014$1,605$1,271$531
21 years$2,924$2,337$1,852$1,456$1,138$450
22 years$2,762$2,182$1,707$1,324$1,020$382
23 years$2,614$2,041$1,576$1,206$915$324
24 years$2,478$1,912$1,458$1,100$823$276
25 years$2,354$1,794$1,350$1,004$740$234
26 years$2,239$1,686$1,252$918$667$199
27 years$2,133$1,587$1,163$841$601$170
28 years$2,035$1,495$1,081$770$542$145
29 years$1,944$1,411$1,006$706$490$123
30 years$1,858$1,332$937$648$443$105
31 years$1,779$1,259$873$595$400$89
32 years$1,705$1,192$815$547$362$76
33 years$1,635$1,129$761$503$328$65
34 years$1,570$1,070$711$463$297$55
35 years$1,508$1,015$665$426$269$47
36 years$1,450$963$622$392$243$40
37 years$1,395$915$582$362$221$34
38 years$1,344$869$545$333$200$29
39 years$1,295$826$511$307$181$25
40 years$1,248$786$479$283$164$21
41 years$1,204$749$449$262$149$18
42 years$1,162$713$421$241$135$16
43 years$1,123$679$395$223$123$13
44 years$1,085$647$371$206$112$11
45 years$1,049$617$348$190$101$10
46 years$1,014$589$327$175$92$8
47 years$981$562$307$162$83$7
48 years$950$537$289$150$76$6
49 years$920$512$271$138$69$5
50 years$891$489$255$128$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $913,000, adding $2,633 every year, while hoping to spend $49,340 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: 43/39/18 Blend
67$913,000$913,000$913,000$913,000
68$1,008,842$960,453$946,301$1,046,834
69$1,059,246$955,018$925,505$1,068,436
70$1,113,139$947,663$902,359$1,086,772
71$1,170,822$938,241$876,731$1,105,602
72$1,232,629$926,599$848,485$1,124,994
73$1,298,926$912,571$817,478$1,145,027
74$1,370,114$895,984$783,560$1,165,794
75$1,446,631$876,652$746,575$1,187,396
76$1,528,961$854,382$706,359$1,209,954
77$1,617,634$828,966$662,741$1,233,603
78$1,713,233$800,185$615,543$1,258,494
79$1,816,396$767,808$564,577$1,284,803
80$1,927,827$731,589$509,649$1,312,726
81$2,048,298$691,270$450,555$1,342,484
82$2,178,658$646,576$387,082$1,374,330
83$2,319,840$597,216$319,008$1,408,544
84$2,472,869$542,886$246,101$1,445,444
85$2,638,875$483,260$168,118$1,485,388
86$2,819,096$417,996$84,806$1,528,777
87$3,014,899$346,732$0$1,576,060
88$3,227,783$269,087$0$1,628,528
89$3,459,401$184,656$0$1,703,392
90$3,711,569$93,013$0$1,785,033
91$3,986,286$0$0$1,874,212
92$4,285,752$0$0$1,974,479
93$4,612,389$0$0$2,127,483
94$4,968,863$0$0$2,294,570
95$5,358,105$0$0$2,477,128
96$5,783,347$0$0$2,676,684
97$6,248,143$0$0$2,894,922
98$6,756,408$0$0$3,133,695
99$7,312,450$0$0$3,395,042
100$7,921,016$0$0$3,681,211