Can I retire at age 68 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$76,386$75,705$75,041$74,393$73,761$72,124
2 years$37,815$37,110$36,428$35,766$35,124$33,484
3 years$24,959$24,252$23,571$22,916$22,284$20,691
4 years$18,533$17,828$17,154$16,509$15,893$14,360
5 years$14,678$13,977$13,312$12,681$12,082$10,613
6 years$12,109$11,413$10,758$10,141$9,560$8,156
7 years$10,275$9,585$8,940$8,337$7,775$6,437
8 years$8,900$8,216$7,582$6,994$6,450$5,178
9 years$7,831$7,154$6,530$5,957$5,432$4,224
10 years$6,976$6,306$5,693$5,135$4,628$3,483
11 years$6,277$5,613$5,012$4,469$3,980$2,897
12 years$5,695$5,038$4,448$3,920$3,449$2,426
13 years$5,203$4,553$3,974$3,461$3,008$2,043
14 years$4,782$4,139$3,571$3,072$2,637$1,728
15 years$4,417$3,781$3,224$2,740$2,322$1,467
16 years$4,098$3,469$2,923$2,453$2,052$1,249
17 years$3,817$3,195$2,660$2,204$1,819$1,066
18 years$3,567$2,952$2,428$1,986$1,618$912
19 years$3,344$2,736$2,223$1,795$1,442$782
20 years$3,144$2,542$2,040$1,626$1,288$671
21 years$2,963$2,368$1,876$1,475$1,152$577
22 years$2,798$2,211$1,729$1,341$1,033$497
23 years$2,648$2,067$1,597$1,222$927$428
24 years$2,511$1,937$1,477$1,114$833$369
25 years$2,385$1,818$1,368$1,018$750$318
26 years$2,269$1,708$1,269$930$676$275
27 years$2,161$1,608$1,178$852$609$237
28 years$2,062$1,515$1,095$780$550$205
29 years$1,969$1,429$1,019$716$496$177
30 years$1,883$1,350$949$657$448$153
31 years$1,802$1,276$885$603$405$133
32 years$1,727$1,207$826$554$367$115
33 years$1,657$1,143$771$510$332$99
34 years$1,590$1,084$720$469$300$86
35 years$1,528$1,028$673$432$272$74
36 years$1,469$976$630$398$247$64
37 years$1,414$927$590$366$223$56
38 years$1,361$881$552$338$203$48
39 years$1,312$837$517$311$184$42
40 years$1,265$797$485$287$167$36
41 years$1,220$758$455$265$151$31
42 years$1,178$722$426$245$137$27
43 years$1,137$688$400$226$125$24
44 years$1,099$656$376$208$113$20
45 years$1,062$626$353$192$103$18
46 years$1,028$597$331$178$93$15
47 years$994$569$311$164$85$13
48 years$963$544$292$152$77$11
49 years$932$519$275$140$70$10
50 years$903$496$258$130$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $925,000, adding $4,806 every year, while hoping to spend $23,090 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: 32/42/26 Blend
67$925,000$925,000$925,000$925,000
68$1,024,307$975,282$960,945$1,048,810
69$1,104,219$998,504$968,569$1,091,098
70$1,191,508$1,022,089$975,675$1,134,228
71$1,286,902$1,046,032$982,220$1,180,225
72$1,391,203$1,070,324$988,161$1,229,356
73$1,505,293$1,094,957$993,452$1,281,916
74$1,630,145$1,119,922$998,044$1,338,230
75$1,766,827$1,145,206$1,001,886$1,398,658
76$1,916,519$1,170,796$1,004,925$1,463,595
77$2,080,518$1,196,679$1,007,104$1,533,476
78$2,260,253$1,222,839$1,008,365$1,608,783
79$2,457,298$1,249,257$1,008,644$1,690,047
80$2,673,387$1,275,915$1,007,878$1,777,853
81$2,910,428$1,302,790$1,005,997$1,872,845
82$3,170,524$1,329,860$1,002,931$1,975,738
83$3,455,992$1,357,097$998,603$2,087,314
84$3,769,383$1,384,475$992,936$2,208,442
85$4,113,508$1,411,962$985,847$2,340,075
86$4,491,462$1,439,524$977,249$2,483,269
87$4,906,656$1,467,126$967,053$2,639,185
88$5,362,848$1,494,728$955,162$2,809,106
89$5,864,176$1,522,288$941,477$2,994,446
90$6,415,201$1,549,758$925,896$3,196,765
91$7,020,946$1,577,091$908,308$3,417,783
92$7,686,946$1,604,232$888,599$3,659,398
93$8,419,299$1,631,123$866,652$3,923,702
94$9,224,722$1,657,704$842,339$4,213,006
95$10,110,618$1,683,906$815,533$4,529,853
96$11,085,143$1,709,658$786,094$4,877,053
97$12,157,281$1,734,885$753,882$5,257,701
98$13,336,933$1,759,504$718,746$5,675,213
99$14,635,007$1,783,427$680,531$6,133,354
100$16,063,522$1,806,559$639,074$6,636,279