Can I retire at age 68 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$75,560$74,887$74,230$73,589$72,963$70,124
2 years$37,406$36,709$36,034$35,379$34,744$31,918
3 years$24,690$23,990$23,316$22,668$22,043$19,319
4 years$18,333$17,635$16,968$16,331$15,721$13,120
5 years$14,519$13,826$13,168$12,544$11,951$9,479
6 years$11,978$11,290$10,642$10,031$9,457$7,115
7 years$10,164$9,481$8,843$8,247$7,691$5,480
8 years$8,803$8,127$7,500$6,918$6,380$4,297
9 years$7,746$7,076$6,460$5,893$5,373$3,415
10 years$6,901$6,237$5,632$5,080$4,578$2,742
11 years$6,209$5,553$4,958$4,421$3,937$2,218
12 years$5,634$4,984$4,400$3,878$3,412$1,805
13 years$5,147$4,504$3,931$3,424$2,975$1,476
14 years$4,730$4,094$3,532$3,039$2,608$1,212
15 years$4,369$3,740$3,189$2,710$2,296$998
16 years$4,054$3,431$2,891$2,427$2,030$824
17 years$3,776$3,160$2,631$2,180$1,800$682
18 years$3,529$2,920$2,402$1,965$1,600$565
19 years$3,308$2,706$2,199$1,776$1,426$469
20 years$3,110$2,515$2,018$1,608$1,274$390
21 years$2,931$2,342$1,856$1,459$1,140$324
22 years$2,768$2,187$1,711$1,327$1,022$270
23 years$2,620$2,045$1,580$1,208$917$224
24 years$2,484$1,916$1,461$1,102$824$187
25 years$2,359$1,798$1,353$1,007$742$156
26 years$2,244$1,690$1,255$920$668$130
27 years$2,138$1,590$1,165$842$603$108
28 years$2,039$1,499$1,083$772$544$90
29 years$1,948$1,414$1,008$708$491$76
30 years$1,863$1,335$939$650$444$63
31 years$1,783$1,262$875$597$401$53
32 years$1,708$1,194$817$548$363$44
33 years$1,639$1,131$763$504$328$37
34 years$1,573$1,072$712$464$297$31
35 years$1,511$1,017$666$427$269$26
36 years$1,453$965$623$393$244$21
37 years$1,398$917$583$362$221$18
38 years$1,347$871$546$334$200$15
39 years$1,297$828$512$308$182$12
40 years$1,251$788$480$284$165$10
41 years$1,207$750$450$262$150$9
42 years$1,165$714$422$242$136$7
43 years$1,125$681$396$223$123$6
44 years$1,087$649$372$206$112$5
45 years$1,051$619$349$190$101$4
46 years$1,017$590$328$176$92$4
47 years$984$563$308$162$84$3
48 years$952$538$289$150$76$2
49 years$922$514$272$139$69$2
50 years$893$491$256$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $915,000, adding $2,667 every year, while hoping to spend $53,842 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: 66/16/18 Blend
67$915,000$915,000$915,000$915,000
68$1,011,081$962,586$948,404$1,073,148
69$1,056,924$952,465$922,888$1,104,920
70$1,105,638$940,044$894,712$1,133,171
71$1,157,460$925,153$863,732$1,162,750
72$1,212,647$907,612$829,793$1,193,787
73$1,271,483$887,231$792,737$1,226,426
74$1,334,278$863,808$752,397$1,260,828
75$1,401,370$837,131$708,598$1,297,171
76$1,473,132$806,972$661,159$1,335,655
77$1,549,971$773,094$609,888$1,376,500
78$1,632,336$735,243$554,586$1,419,952
79$1,720,716$693,152$495,047$1,466,286
80$1,815,650$646,538$431,052$1,515,804
81$1,917,729$595,101$362,375$1,568,845
82$2,027,602$538,525$288,779$1,625,784
83$2,145,982$476,477$210,018$1,687,037
84$2,273,650$408,603$125,831$1,753,066
85$2,411,467$334,529$35,952$1,824,383
86$2,560,378$253,862$0$1,901,559
87$2,721,420$166,185$0$1,996,739
88$2,895,734$71,058$0$2,107,225
89$3,084,576$0$0$2,226,938
90$3,289,324$0$0$2,362,429
91$3,511,495$0$0$2,523,075
92$3,752,758$0$0$2,697,577
93$4,014,946$0$0$2,887,267
94$4,300,079$0$0$3,093,615
95$4,610,378$0$0$3,318,232
96$4,948,285$0$0$3,562,897
97$5,316,489$0$0$3,829,562
98$5,717,950$0$0$4,120,380
99$6,155,924$0$0$4,437,718
100$6,633,996$0$0$4,784,181