Can I retire at age 68 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$76,799$76,114$75,447$74,796$74,160$73,754
2 years$38,019$37,311$36,625$35,959$35,314$34,905
3 years$25,094$24,383$23,699$23,040$22,405$22,004
4 years$18,633$17,924$17,247$16,599$15,979$15,591
5 years$14,757$14,053$13,384$12,749$12,147$11,772
6 years$12,175$11,475$10,816$10,196$9,612$9,250
7 years$10,330$9,637$8,988$8,383$7,817$7,470
8 years$8,948$8,261$7,623$7,032$6,485$6,151
9 years$7,873$7,192$6,566$5,990$5,461$5,142
10 years$7,014$6,340$5,724$5,163$4,653$4,347
11 years$6,311$5,644$5,039$4,493$4,002$3,709
12 years$5,726$5,066$4,472$3,941$3,468$3,189
13 years$5,231$4,578$3,996$3,480$3,024$2,758
14 years$4,808$4,161$3,590$3,089$2,651$2,397
15 years$4,441$3,801$3,241$2,755$2,334$2,093
16 years$4,120$3,488$2,939$2,467$2,063$1,834
17 years$3,838$3,212$2,674$2,216$1,829$1,611
18 years$3,587$2,968$2,441$1,997$1,626$1,420
19 years$3,362$2,751$2,235$1,805$1,450$1,254
20 years$3,161$2,556$2,051$1,634$1,295$1,110
21 years$2,979$2,381$1,887$1,483$1,159$984
22 years$2,813$2,222$1,739$1,349$1,039$873
23 years$2,662$2,079$1,605$1,228$932$777
24 years$2,524$1,948$1,485$1,120$838$691
25 years$2,398$1,828$1,375$1,023$754$616
26 years$2,281$1,718$1,275$935$679$549
27 years$2,173$1,617$1,184$856$612$490
28 years$2,073$1,523$1,101$785$553$438
29 years$1,980$1,437$1,025$719$499$391
30 years$1,893$1,357$954$660$451$350
31 years$1,812$1,283$890$606$408$313
32 years$1,736$1,214$830$557$369$280
33 years$1,665$1,150$775$512$334$251
34 years$1,599$1,090$724$472$302$225
35 years$1,536$1,033$677$434$274$201
36 years$1,477$981$633$400$248$180
37 years$1,421$932$593$368$225$162
38 years$1,369$885$555$339$204$145
39 years$1,319$842$520$313$185$130
40 years$1,271$801$488$289$168$117
41 years$1,227$762$457$266$152$105
42 years$1,184$726$429$246$138$94
43 years$1,144$692$402$227$125$84
44 years$1,105$659$378$210$114$76
45 years$1,068$629$355$194$103$68
46 years$1,033$600$333$179$94$61
47 years$1,000$573$313$165$85$55
48 years$968$547$294$153$77$49
49 years$937$522$276$141$70$44
50 years$908$499$260$130$64$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $930,000, adding $5,238 every year, while hoping to spend $57,261 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: 62/28/10 Blend
67$930,000$930,000$930,000$930,000
68$1,030,263$980,973$966,558$1,091,508
69$1,074,425$968,115$938,012$1,120,281
70$1,121,171$952,709$906,591$1,144,602
71$1,170,707$934,567$872,138$1,169,716
72$1,223,253$913,495$834,489$1,195,702
73$1,279,053$889,284$793,472$1,222,645
74$1,338,371$861,714$748,909$1,250,645
75$1,401,499$830,552$700,611$1,279,812
76$1,468,754$795,552$648,384$1,310,271
77$1,540,485$756,452$592,023$1,342,163
78$1,617,073$712,976$531,314$1,375,644
79$1,698,936$664,833$466,034$1,410,893
80$1,786,532$611,715$395,951$1,448,106
81$1,880,363$553,294$320,820$1,487,508
82$1,980,980$489,225$240,388$1,529,347
83$2,088,989$419,146$154,389$1,573,901
84$2,205,051$342,670$62,547$1,621,483
85$2,329,896$259,390$0$1,672,441
86$2,464,323$168,878$0$1,730,949
87$2,609,210$70,679$0$1,801,023
88$2,765,521$0$0$1,876,503
89$2,934,317$0$0$1,968,958
90$3,116,761$0$0$2,092,481
91$3,314,134$0$0$2,226,168
92$3,527,842$0$0$2,370,979
93$3,759,431$0$0$2,527,969
94$4,010,603$0$0$2,698,300
95$4,283,227$0$0$2,883,248
96$4,579,360$0$0$3,084,216
97$4,901,265$0$0$3,302,750
98$5,251,431$0$0$3,540,549
99$5,632,596$0$0$3,799,481
100$6,047,774$0$0$4,081,606