Can I retire at age 68 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$75,725$75,050$74,392$73,750$73,123$72,480
2 years$37,488$36,789$36,113$35,457$34,820$34,173
3 years$24,743$24,042$23,367$22,717$22,092$21,459
4 years$18,373$17,674$17,005$16,367$15,756$15,143
5 years$14,551$13,856$13,197$12,571$11,977$11,386
6 years$12,004$11,315$10,665$10,053$9,477$8,909
7 years$10,186$9,502$8,863$8,265$7,708$7,162
8 years$8,823$8,145$7,516$6,934$6,394$5,871
9 years$7,763$7,092$6,474$5,906$5,385$4,885
10 years$6,916$6,251$5,644$5,091$4,588$4,110
11 years$6,223$5,565$4,969$4,431$3,946$3,490
12 years$5,646$4,995$4,410$3,886$3,419$2,985
13 years$5,158$4,514$3,940$3,431$2,982$2,569
14 years$4,741$4,103$3,540$3,046$2,614$2,221
15 years$4,379$3,748$3,196$2,716$2,301$1,929
16 years$4,063$3,439$2,898$2,432$2,034$1,681
17 years$3,784$3,167$2,637$2,185$1,804$1,469
18 years$3,537$2,926$2,407$1,969$1,604$1,287
19 years$3,315$2,712$2,204$1,779$1,429$1,130
20 years$3,117$2,520$2,022$1,612$1,277$994
21 years$2,937$2,348$1,860$1,463$1,143$876
22 years$2,774$2,191$1,714$1,330$1,024$773
23 years$2,625$2,050$1,583$1,211$919$683
24 years$2,489$1,920$1,464$1,105$826$605
25 years$2,364$1,802$1,356$1,009$744$535
26 years$2,249$1,694$1,258$922$670$474
27 years$2,142$1,594$1,168$844$604$421
28 years$2,044$1,502$1,086$774$545$373
29 years$1,952$1,417$1,010$709$492$332
30 years$1,867$1,338$941$651$445$295
31 years$1,787$1,265$877$598$402$262
32 years$1,712$1,197$818$549$364$233
33 years$1,642$1,134$764$505$329$207
34 years$1,576$1,074$714$465$298$184
35 years$1,515$1,019$668$428$270$164
36 years$1,456$967$625$394$244$146
37 years$1,401$919$585$363$222$130
38 years$1,349$873$547$335$201$116
39 years$1,300$830$513$309$182$103
40 years$1,254$790$481$285$165$92
41 years$1,209$752$451$263$150$82
42 years$1,167$716$423$242$136$73
43 years$1,128$682$397$224$123$65
44 years$1,090$650$372$207$112$58
45 years$1,053$620$350$191$102$52
46 years$1,019$592$328$176$92$46
47 years$986$565$309$163$84$41
48 years$954$539$290$150$76$37
49 years$924$515$273$139$69$33
50 years$895$492$256$129$63$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $917,000, adding $3,257 every year, while hoping to spend $52,636 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: 52/37/11 Blend
67$917,000$917,000$917,000$917,000
68$1,013,894$965,293$951,079$1,063,533
69$1,061,306$956,588$926,936$1,089,022
70$1,111,791$945,692$900,220$1,110,818
71$1,165,606$932,443$870,789$1,133,304
72$1,223,032$916,667$838,495$1,156,558
73$1,284,380$898,183$803,184$1,180,669
74$1,349,989$876,795$764,692$1,205,738
75$1,420,229$852,300$722,851$1,231,878
76$1,495,509$824,479$677,483$1,259,220
77$1,576,276$793,103$628,403$1,287,909
78$1,663,020$757,929$575,418$1,318,110
79$1,756,279$718,699$518,326$1,350,009
80$1,856,646$675,141$456,916$1,383,816
81$1,964,768$626,968$390,967$1,419,765
82$2,081,360$573,874$320,250$1,458,122
83$2,207,203$515,539$244,523$1,499,182
84$2,343,159$451,622$163,536$1,543,279
85$2,490,174$381,764$77,027$1,590,786
86$2,649,287$305,585$0$1,642,120
87$2,821,640$222,685$0$1,699,543
88$3,008,490$132,639$0$1,771,546
89$3,211,219$35,001$0$1,849,698
90$3,431,346$0$0$1,934,686
91$3,670,542$0$0$2,056,060
92$3,930,646$0$0$2,203,619
93$4,213,680$0$0$2,364,272
94$4,521,870$0$0$2,539,292
95$4,857,665$0$0$2,730,080
96$5,223,760$0$0$2,938,180
97$5,623,121$0$0$3,165,290
98$6,059,012$0$0$3,413,278
99$6,535,028$0$0$3,684,203
100$7,055,125$0$0$3,980,329