Can I retire at age 68 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$78,533$77,833$77,151$76,485$75,834$72,969
2 years$38,878$38,154$37,452$36,771$36,111$33,259
3 years$25,661$24,934$24,234$23,560$22,911$20,159
4 years$19,054$18,329$17,636$16,974$16,340$13,711
5 years$15,091$14,370$13,686$13,037$12,421$9,922
6 years$12,449$11,734$11,061$10,426$9,829$7,460
7 years$10,564$9,854$9,191$8,572$7,993$5,755
8 years$9,150$8,447$7,795$7,191$6,631$4,522
9 years$8,051$7,355$6,714$6,125$5,584$3,600
10 years$7,172$6,483$5,853$5,280$4,758$2,895
11 years$6,454$5,771$5,153$4,595$4,092$2,347
12 years$5,855$5,180$4,573$4,030$3,546$1,914
13 years$5,350$4,681$4,086$3,558$3,092$1,569
14 years$4,916$4,255$3,671$3,159$2,711$1,291
15 years$4,541$3,887$3,315$2,817$2,387$1,065
16 years$4,213$3,566$3,005$2,522$2,109$881
17 years$3,924$3,284$2,735$2,266$1,870$731
18 years$3,668$3,035$2,496$2,042$1,663$607
19 years$3,438$2,813$2,285$1,845$1,482$505
20 years$3,232$2,614$2,097$1,671$1,324$420
21 years$3,046$2,435$1,929$1,517$1,185$350
22 years$2,877$2,273$1,778$1,379$1,062$292
23 years$2,723$2,126$1,642$1,256$953$244
24 years$2,581$1,992$1,518$1,146$857$204
25 years$2,452$1,869$1,406$1,046$771$170
26 years$2,332$1,756$1,304$957$695$142
27 years$2,222$1,653$1,211$876$626$119
28 years$2,120$1,558$1,126$802$565$100
29 years$2,024$1,469$1,048$736$510$83
30 years$1,936$1,388$976$675$461$70
31 years$1,853$1,312$910$620$417$58
32 years$1,776$1,241$849$570$377$49
33 years$1,703$1,176$793$524$341$41
34 years$1,635$1,114$741$482$309$34
35 years$1,571$1,057$692$444$280$29
36 years$1,510$1,003$648$409$254$24
37 years$1,453$953$606$377$230$20
38 years$1,399$905$568$347$208$17
39 years$1,348$861$532$320$189$14
40 years$1,300$819$499$295$171$12
41 years$1,254$780$467$272$155$10
42 years$1,211$743$438$251$141$8
43 years$1,169$707$411$232$128$7
44 years$1,130$674$386$214$116$6
45 years$1,092$643$363$198$105$5
46 years$1,057$613$341$183$96$4
47 years$1,022$585$320$169$87$3
48 years$990$559$301$156$79$3
49 years$958$534$283$144$72$2
50 years$929$510$266$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $951,000, adding $3,403 every year, while hoping to spend $48,909 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: 55/16/29 Blend
67$951,000$951,000$951,000$951,000
68$1,051,512$1,001,109$986,369$1,100,719
69$1,106,728$998,125$967,373$1,132,082
70$1,165,936$993,355$946,102$1,160,913
71$1,229,492$986,660$922,428$1,191,340
72$1,297,788$977,894$896,216$1,223,535
73$1,371,250$966,898$867,327$1,257,689
74$1,450,350$953,509$835,615$1,294,016
75$1,535,603$937,549$800,926$1,332,754
76$1,627,578$918,832$763,101$1,374,167
77$1,726,898$897,162$721,971$1,418,551
78$1,834,248$872,329$677,364$1,466,232
79$1,950,380$844,112$629,094$1,517,577
80$2,076,123$812,277$576,973$1,572,989
81$2,212,385$776,577$520,799$1,632,920
82$2,360,168$736,749$460,366$1,697,869
83$2,520,572$692,516$395,455$1,768,391
84$2,694,807$643,585$325,838$1,845,104
85$2,884,203$589,647$251,280$1,928,689
86$3,090,225$530,373$171,531$2,019,907
87$3,314,484$465,417$86,333$2,119,598
88$3,558,753$394,414$0$2,228,694
89$3,824,982$316,977$0$2,349,648
90$4,115,318$232,697$0$2,510,787
91$4,432,125$141,143$0$2,686,726
92$4,778,003$41,861$0$2,878,966
93$5,155,815$0$0$3,089,160
94$5,568,714$0$0$3,330,689
95$6,020,168$0$0$3,602,913
96$6,514,000$0$0$3,900,779
97$7,054,416$0$0$4,226,833
98$7,646,047$0$0$4,583,882
99$8,293,995$0$0$4,975,016
100$9,003,878$0$0$5,403,639