Can I retire at age 68 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$77,872$77,178$76,502$75,841$75,196$74,195
2 years$38,551$37,833$37,137$36,462$35,808$34,801
3 years$25,445$24,724$24,030$23,362$22,718$21,736
4 years$18,894$18,175$17,488$16,831$16,203$15,254
5 years$14,964$14,249$13,571$12,928$12,317$11,404
6 years$12,345$11,636$10,967$10,338$9,746$8,870
7 years$10,475$9,772$9,114$8,500$7,926$7,087
8 years$9,073$8,376$7,729$7,130$6,575$5,774
9 years$7,983$7,293$6,657$6,073$5,537$4,772
10 years$7,112$6,428$5,804$5,235$4,718$3,989
11 years$6,399$5,723$5,110$4,556$4,058$3,364
12 years$5,806$5,136$4,535$3,996$3,516$2,857
13 years$5,305$4,642$4,052$3,528$3,066$2,441
14 years$4,875$4,219$3,640$3,132$2,688$2,096
15 years$4,503$3,854$3,287$2,793$2,367$1,806
16 years$4,178$3,536$2,980$2,501$2,092$1,562
17 years$3,891$3,257$2,712$2,247$1,855$1,355
18 years$3,637$3,009$2,475$2,025$1,649$1,178
19 years$3,409$2,789$2,266$1,830$1,470$1,026
20 years$3,205$2,592$2,080$1,657$1,313$895
21 years$3,020$2,414$1,913$1,504$1,175$783
22 years$2,853$2,254$1,763$1,368$1,053$685
23 years$2,700$2,108$1,628$1,245$945$600
24 years$2,560$1,975$1,505$1,136$850$526
25 years$2,431$1,853$1,394$1,037$765$462
26 years$2,313$1,742$1,293$949$689$406
27 years$2,203$1,639$1,201$868$621$357
28 years$2,102$1,545$1,116$795$560$314
29 years$2,007$1,457$1,039$729$506$276
30 years$1,920$1,376$968$669$457$243
31 years$1,837$1,301$902$615$413$214
32 years$1,761$1,231$842$565$374$189
33 years$1,689$1,166$786$520$338$166
34 years$1,621$1,105$734$478$306$147
35 years$1,558$1,048$687$440$277$129
36 years$1,498$995$642$405$251$114
37 years$1,441$945$601$373$228$101
38 years$1,388$898$563$344$207$89
39 years$1,337$854$527$317$187$78
40 years$1,289$812$494$293$170$69
41 years$1,244$773$464$270$154$61
42 years$1,201$736$435$249$140$54
43 years$1,160$702$408$230$127$48
44 years$1,120$669$383$212$115$42
45 years$1,083$638$360$196$105$37
46 years$1,048$608$338$181$95$33
47 years$1,014$581$317$167$86$29
48 years$981$554$298$155$78$26
49 years$950$529$280$143$71$23
50 years$921$506$263$132$65$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $943,000, adding $4,254 every year, while hoping to spend $36,667 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: 64/31/5 Blend
67$943,000$943,000$943,000$943,000
68$1,043,574$993,595$978,979$1,109,347
69$1,111,005$1,003,268$972,761$1,163,295
70$1,184,085$1,012,186$965,106$1,217,442
71$1,263,352$1,020,273$955,927$1,275,607
72$1,349,396$1,027,449$945,133$1,338,175
73$1,442,869$1,033,627$932,629$1,405,573
74$1,544,484$1,038,717$918,314$1,478,270
75$1,655,029$1,042,622$902,085$1,556,784
76$1,775,369$1,045,238$883,832$1,641,687
77$1,906,456$1,046,455$863,441$1,733,608
78$2,049,340$1,046,156$840,792$1,833,243
79$2,205,174$1,044,218$815,759$1,941,359
80$2,375,226$1,040,510$788,212$2,058,802
81$2,560,896$1,034,891$758,013$2,186,505
82$2,763,720$1,027,214$725,020$2,325,498
83$2,985,394$1,017,322$689,082$2,476,917
84$3,227,781$1,005,048$650,043$2,642,015
85$3,492,935$990,215$607,740$2,822,174
86$3,783,116$972,637$562,001$3,018,919
87$4,100,813$952,116$512,647$3,233,932
88$4,448,768$928,442$459,493$3,469,068
89$4,829,999$901,392$402,342$3,726,375
90$5,247,830$870,731$340,992$4,008,110
91$5,705,923$836,212$275,230$4,316,764
92$6,208,310$797,569$204,833$4,655,083
93$6,759,433$754,525$129,570$5,026,098
94$7,364,183$706,784$49,198$5,433,151
95$8,027,949$654,037$0$5,879,928
96$8,756,667$595,951$0$6,372,446
97$9,556,875$532,181$0$6,916,166
98$10,435,776$462,357$0$7,513,420
99$11,401,304$386,091$0$8,169,678
100$12,462,199$302,972$0$8,890,972