Can I retire at age 68 with 938,000?

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 $938,000?

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$77,459$76,769$76,096$75,439$74,797$74,326
2 years$38,346$37,632$36,940$36,269$35,618$35,142
3 years$25,310$24,593$23,903$23,238$22,597$22,133
4 years$18,793$18,078$17,395$16,741$16,117$15,666
5 years$14,884$14,174$13,499$12,859$12,252$11,816
6 years$12,279$11,574$10,909$10,283$9,694$9,275
7 years$10,419$9,720$9,066$8,455$7,884$7,481
8 years$9,025$8,332$7,688$7,092$6,541$6,154
9 years$7,941$7,254$6,622$6,041$5,508$5,138
10 years$7,074$6,394$5,773$5,208$4,693$4,339
11 years$6,365$5,692$5,083$4,532$4,036$3,698
12 years$5,775$5,109$4,511$3,975$3,498$3,175
13 years$5,276$4,617$4,030$3,510$3,050$2,742
14 years$4,849$4,197$3,621$3,115$2,674$2,381
15 years$4,479$3,834$3,269$2,778$2,354$2,076
16 years$4,156$3,518$2,964$2,488$2,081$1,816
17 years$3,871$3,240$2,697$2,235$1,845$1,594
18 years$3,618$2,993$2,462$2,014$1,640$1,402
19 years$3,391$2,774$2,254$1,820$1,462$1,237
20 years$3,188$2,578$2,069$1,649$1,306$1,093
21 years$3,004$2,401$1,903$1,496$1,169$967
22 years$2,837$2,242$1,754$1,360$1,048$858
23 years$2,685$2,096$1,619$1,239$940$761
24 years$2,546$1,964$1,497$1,130$845$677
25 years$2,418$1,843$1,387$1,032$761$602
26 years$2,300$1,732$1,286$944$685$536
27 years$2,192$1,630$1,194$864$618$478
28 years$2,091$1,536$1,110$791$557$426
29 years$1,997$1,449$1,033$726$503$380
30 years$1,909$1,369$963$666$455$339
31 years$1,828$1,294$897$612$411$303
32 years$1,751$1,224$837$562$372$271
33 years$1,680$1,159$782$517$337$242
34 years$1,613$1,099$730$476$305$216
35 years$1,549$1,042$683$438$276$194
36 years$1,490$989$639$403$250$173
37 years$1,434$940$598$371$227$155
38 years$1,380$893$560$342$205$139
39 years$1,330$849$525$316$186$124
40 years$1,282$808$492$291$169$111
41 years$1,237$769$461$269$153$100
42 years$1,194$732$432$248$139$89
43 years$1,153$698$406$229$126$80
44 years$1,114$665$381$211$115$72
45 years$1,077$634$358$195$104$64
46 years$1,042$605$336$180$94$58
47 years$1,008$577$316$167$86$52
48 years$976$551$297$154$78$46
49 years$945$526$279$142$71$41
50 years$916$503$262$131$64$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $938,000, adding $4,866 every year, while hoping to spend $47,614 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: 67/12/21 Blend
67$938,000$938,000$938,000$938,000
68$1,038,695$988,981$974,442$1,102,483
69$1,093,981$986,780$956,425$1,143,640
70$1,153,311$982,876$936,209$1,182,696
71$1,217,045$977,134$913,669$1,224,273
72$1,285,583$969,413$888,676$1,268,619
73$1,359,361$959,562$861,094$1,316,008
74$1,438,857$947,422$830,782$1,366,743
75$1,524,598$932,823$797,591$1,421,159
76$1,617,162$915,587$761,366$1,479,627
77$1,717,185$895,523$721,945$1,542,558
78$1,825,366$872,431$679,157$1,610,405
79$1,942,471$846,099$632,827$1,683,670
80$2,069,345$816,299$582,768$1,762,907
81$2,206,915$782,795$528,788$1,848,730
82$2,356,203$745,334$470,685$1,941,817
83$2,518,329$703,649$408,246$2,042,917
84$2,694,529$657,458$341,252$2,152,858
85$2,886,159$606,462$269,473$2,272,555
86$3,094,716$550,347$192,669$2,403,020
87$3,321,841$488,778$110,587$2,545,370
88$3,569,344$421,403$22,967$2,700,841
89$3,839,215$347,850$0$2,870,794
90$4,133,646$267,726$0$3,072,544
91$4,455,049$180,615$0$3,298,467
92$4,806,077$86,078$0$3,545,316
93$5,189,653$0$0$3,815,190
94$5,608,995$0$0$4,112,562
95$6,067,644$0$0$4,450,294
96$6,569,502$0$0$4,819,901
97$7,118,862$0$0$5,224,550
98$7,720,454$0$0$5,667,735
99$8,379,485$0$0$6,153,298
100$9,101,692$0$0$6,685,473