Can I retire at age 68 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$75,973$75,296$74,636$73,991$73,362$72,900
2 years$37,610$36,910$36,231$35,573$34,934$34,468
3 years$24,824$24,121$23,444$22,792$22,164$21,708
4 years$18,433$17,731$17,061$16,420$15,807$15,365
5 years$14,599$13,902$13,240$12,612$12,017$11,590
6 years$12,044$11,352$10,700$10,086$9,508$9,097
7 years$10,219$9,533$8,892$8,292$7,733$7,338
8 years$8,852$8,172$7,541$6,956$6,415$6,036
9 years$7,788$7,115$6,495$5,925$5,402$5,039
10 years$6,938$6,271$5,662$5,108$4,603$4,256
11 years$6,243$5,583$4,985$4,445$3,959$3,627
12 years$5,664$5,011$4,424$3,899$3,431$3,114
13 years$5,175$4,529$3,953$3,442$2,992$2,690
14 years$4,756$4,116$3,552$3,056$2,622$2,335
15 years$4,393$3,760$3,207$2,725$2,309$2,036
16 years$4,076$3,450$2,907$2,440$2,041$1,781
17 years$3,796$3,177$2,645$2,192$1,809$1,563
18 years$3,548$2,936$2,415$1,976$1,609$1,375
19 years$3,326$2,721$2,211$1,785$1,434$1,213
20 years$3,127$2,529$2,029$1,617$1,281$1,072
21 years$2,947$2,355$1,866$1,467$1,146$949
22 years$2,783$2,199$1,720$1,334$1,027$841
23 years$2,634$2,056$1,588$1,215$922$747
24 years$2,497$1,927$1,469$1,108$829$664
25 years$2,372$1,808$1,360$1,012$746$590
26 years$2,256$1,699$1,262$925$672$526
27 years$2,150$1,599$1,172$847$606$468
28 years$2,050$1,507$1,089$776$547$418
29 years$1,958$1,422$1,014$712$494$373
30 years$1,873$1,343$944$653$446$333
31 years$1,793$1,269$880$600$403$297
32 years$1,718$1,201$821$551$365$266
33 years$1,648$1,137$767$507$330$237
34 years$1,582$1,078$716$466$299$212
35 years$1,520$1,022$670$429$271$190
36 years$1,461$970$627$395$245$170
37 years$1,406$922$586$364$222$152
38 years$1,354$876$549$336$202$136
39 years$1,305$833$515$310$183$122
40 years$1,258$792$482$286$166$109
41 years$1,213$754$452$264$150$98
42 years$1,171$718$424$243$136$88
43 years$1,131$684$398$224$124$78
44 years$1,093$652$374$207$112$70
45 years$1,057$622$351$191$102$63
46 years$1,022$593$330$177$93$56
47 years$989$566$310$163$84$51
48 years$957$541$291$151$76$45
49 years$927$516$273$140$69$41
50 years$898$493$257$129$63$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $920,000, adding $3,378 every year, while hoping to spend $34,595 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: 46/49/5 Blend
67$920,000$920,000$920,000$920,000
68$1,017,324$968,564$954,304$1,062,615
69$1,084,283$979,215$949,465$1,104,707
70$1,156,911$989,229$943,304$1,146,437
71$1,235,752$998,536$935,740$1,190,883
72$1,321,401$1,007,067$926,689$1,238,307
73$1,414,513$1,014,743$916,063$1,288,996
74$1,515,810$1,021,482$903,768$1,343,269
75$1,626,086$1,027,197$889,707$1,401,480
76$1,746,213$1,031,796$873,778$1,464,017
77$1,877,152$1,035,180$855,876$1,531,311
78$2,019,961$1,037,243$835,887$1,603,840
79$2,175,804$1,037,875$813,696$1,682,129
80$2,345,962$1,036,957$789,181$1,766,761
81$2,531,845$1,034,363$762,213$1,858,381
82$2,735,006$1,029,959$732,660$1,957,698
83$2,957,154$1,023,605$700,382$2,065,501
84$3,200,171$1,015,149$665,232$2,182,659
85$3,466,130$1,004,432$627,059$2,310,132
86$3,757,312$991,286$585,702$2,448,982
87$4,076,230$975,531$540,995$2,600,382
88$4,425,652$956,978$492,764$2,765,629
89$4,808,624$935,426$440,828$2,946,155
90$5,228,503$910,662$384,995$3,143,543
91$5,688,987$882,460$325,069$3,359,540
92$6,194,145$850,583$260,840$3,596,077
93$6,748,464$814,777$192,094$3,855,287
94$7,356,882$774,776$118,605$4,139,525
95$8,024,841$730,298$40,135$4,451,393
96$8,758,336$681,043$0$4,793,762
97$9,563,968$626,695$0$5,172,130
98$10,449,011$566,922$0$5,590,110
99$11,421,478$501,370$0$6,049,438
100$12,490,197$429,665$0$6,554,398