Can I retire at age 68 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$76,633$75,951$75,285$74,635$74,000$73,564
2 years$37,937$37,231$36,546$35,882$35,238$34,799
3 years$25,040$24,331$23,648$22,990$22,357$21,927
4 years$18,593$17,886$17,209$16,563$15,945$15,528
5 years$14,726$14,023$13,355$12,722$12,121$11,719
6 years$12,148$11,450$10,793$10,174$9,591$9,203
7 years$10,308$9,616$8,969$8,364$7,800$7,427
8 years$8,929$8,243$7,606$7,017$6,471$6,113
9 years$7,856$7,177$6,551$5,977$5,449$5,107
10 years$6,999$6,326$5,712$5,152$4,643$4,315
11 years$6,298$5,632$5,028$4,484$3,993$3,680
12 years$5,714$5,055$4,463$3,933$3,460$3,161
13 years$5,220$4,568$3,987$3,472$3,018$2,732
14 years$4,797$4,152$3,582$3,082$2,645$2,374
15 years$4,431$3,793$3,234$2,749$2,329$2,071
16 years$4,111$3,480$2,933$2,461$2,058$1,813
17 years$3,829$3,205$2,668$2,211$1,825$1,592
18 years$3,579$2,962$2,436$1,993$1,623$1,402
19 years$3,355$2,745$2,230$1,801$1,446$1,237
20 years$3,154$2,551$2,047$1,631$1,292$1,094
21 years$2,972$2,376$1,882$1,480$1,156$969
22 years$2,807$2,218$1,735$1,346$1,036$860
23 years$2,657$2,074$1,602$1,226$930$764
24 years$2,519$1,943$1,482$1,118$836$679
25 years$2,393$1,824$1,372$1,021$752$605
26 years$2,276$1,714$1,273$933$678$539
27 years$2,168$1,613$1,182$854$611$481
28 years$2,068$1,520$1,099$783$551$429
29 years$1,975$1,434$1,022$718$498$383
30 years$1,889$1,354$952$659$450$342
31 years$1,808$1,280$888$605$407$306
32 years$1,733$1,211$828$556$368$274
33 years$1,662$1,147$773$511$333$245
34 years$1,595$1,087$723$471$301$219
35 years$1,533$1,031$676$433$273$196
36 years$1,474$979$632$399$247$176
37 years$1,418$930$592$368$224$157
38 years$1,366$883$554$339$203$141
39 years$1,316$840$519$312$184$126
40 years$1,269$799$486$288$167$113
41 years$1,224$761$456$266$152$102
42 years$1,181$725$428$245$138$91
43 years$1,141$690$402$226$125$82
44 years$1,103$658$377$209$113$73
45 years$1,066$628$354$193$103$66
46 years$1,031$599$332$178$93$59
47 years$998$571$312$165$85$53
48 years$966$545$293$152$77$47
49 years$935$521$276$141$70$43
50 years$906$497$259$130$64$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $928,000, adding $4,455 every year, while hoping to spend $50,369 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: 78/8/14 Blend
67$928,000$928,000$928,000$928,000
68$1,027,251$978,067$963,683$1,104,094
69$1,078,439$972,400$942,374$1,149,664
70$1,133,159$964,768$918,664$1,192,777
71$1,191,720$955,020$892,417$1,238,651
72$1,254,457$942,998$863,495$1,287,543
73$1,321,741$928,534$831,752$1,339,734
74$1,393,977$911,450$797,034$1,395,536
75$1,471,609$891,558$759,181$1,455,294
76$1,555,127$868,658$718,027$1,519,385
77$1,645,066$842,538$673,397$1,588,228
78$1,742,015$812,975$625,108$1,662,285
79$1,846,621$779,732$572,970$1,742,063
80$1,959,596$742,557$516,783$1,828,125
81$2,081,719$701,187$456,340$1,921,089
82$2,213,849$655,340$391,422$2,021,639
83$2,356,930$604,720$321,803$2,130,527
84$2,511,999$549,014$247,246$2,248,585
85$2,680,197$487,890$167,503$2,376,731
86$2,862,779$420,998$82,316$2,515,976
87$3,061,124$347,968$0$2,667,437
88$3,276,750$268,409$0$2,833,627
89$3,511,326$181,909$0$3,027,829
90$3,766,690$88,032$0$3,239,274
91$4,044,863$0$0$3,469,662
92$4,348,070$0$0$3,722,068
93$4,678,759$0$0$4,005,831
94$5,039,625$0$0$4,315,518
95$5,433,634$0$0$4,653,677
96$5,864,050$0$0$5,023,114
97$6,334,468$0$0$5,426,919
98$6,848,847$0$0$5,868,493
99$7,411,542$0$0$6,351,581
100$8,027,351$0$0$6,880,305