Can I retire at age 68 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$79,606$78,897$78,205$77,530$76,871$75,660
2 years$39,409$38,675$37,964$37,274$36,605$35,388
3 years$26,012$25,275$24,565$23,882$23,224$22,039
4 years$19,314$18,579$17,877$17,206$16,563$15,419
5 years$15,297$14,567$13,873$13,215$12,591$11,492
6 years$12,620$11,895$11,212$10,569$9,963$8,909
7 years$10,708$9,989$9,317$8,689$8,103$7,095
8 years$9,275$8,563$7,902$7,289$6,722$5,760
9 years$8,161$7,455$6,806$6,209$5,661$4,744
10 years$7,270$6,571$5,933$5,352$4,823$3,951
11 years$6,542$5,850$5,224$4,658$4,148$3,319
12 years$5,935$5,251$4,636$4,085$3,595$2,809
13 years$5,423$4,745$4,142$3,607$3,135$2,390
14 years$4,984$4,313$3,721$3,202$2,748$2,044
15 years$4,603$3,940$3,360$2,855$2,419$1,754
16 years$4,271$3,615$3,046$2,557$2,138$1,511
17 years$3,978$3,329$2,772$2,297$1,896$1,305
18 years$3,718$3,076$2,530$2,070$1,686$1,129
19 years$3,485$2,851$2,317$1,871$1,503$979
20 years$3,276$2,650$2,126$1,694$1,342$851
21 years$3,088$2,468$1,955$1,538$1,201$740
22 years$2,916$2,304$1,802$1,398$1,077$645
23 years$2,760$2,155$1,664$1,273$966$563
24 years$2,617$2,019$1,539$1,161$869$491
25 years$2,485$1,894$1,425$1,061$782$429
26 years$2,364$1,781$1,322$970$704$375
27 years$2,252$1,676$1,228$888$635$328
28 years$2,149$1,579$1,141$813$573$287
29 years$2,052$1,490$1,062$746$517$252
30 years$1,962$1,407$989$684$467$221
31 years$1,878$1,330$922$629$422$193
32 years$1,800$1,258$860$578$382$170
33 years$1,726$1,192$803$531$346$149
34 years$1,657$1,129$751$489$313$130
35 years$1,592$1,071$702$450$284$114
36 years$1,531$1,017$657$414$257$100
37 years$1,473$966$614$382$233$88
38 years$1,419$918$575$352$211$77
39 years$1,367$873$539$324$191$68
40 years$1,318$830$505$299$174$60
41 years$1,271$790$474$276$158$52
42 years$1,227$753$444$255$143$46
43 years$1,185$717$417$235$130$40
44 years$1,145$684$392$217$118$35
45 years$1,107$652$368$201$107$31
46 years$1,071$622$345$185$97$27
47 years$1,036$593$324$171$88$24
48 years$1,003$567$305$158$80$21
49 years$972$541$287$146$73$19
50 years$941$517$269$135$66$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $964,000, adding $2,980 every year, while hoping to spend $35,421 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: 63/12/25 Blend
67$964,000$964,000$964,000$964,000
68$1,065,402$1,014,310$999,368$1,125,318
69$1,136,385$1,026,323$995,159$1,178,224
70$1,213,422$1,037,738$989,622$1,231,806
71$1,297,091$1,048,488$982,675$1,289,549
72$1,388,032$1,058,502$974,232$1,351,864
73$1,486,946$1,067,703$964,203$1,419,205
74$1,594,605$1,076,011$952,495$1,492,075
75$1,711,859$1,083,340$939,008$1,571,026
76$1,839,643$1,089,598$923,639$1,656,671
77$1,978,986$1,094,687$906,280$1,749,682
78$2,131,020$1,098,505$886,818$1,850,805
79$2,296,993$1,100,940$865,135$1,960,861
80$2,478,276$1,101,876$841,107$2,080,755
81$2,676,380$1,101,187$814,604$2,211,487
82$2,892,968$1,098,743$785,490$2,354,161
83$3,129,871$1,094,402$753,625$2,509,993
84$3,389,106$1,088,016$718,859$2,680,327
85$3,672,893$1,079,426$681,039$2,866,644
86$3,983,675$1,068,466$640,001$3,070,579
87$4,324,147$1,054,957$595,578$3,293,934
88$4,697,271$1,038,712$547,591$3,538,699
89$5,106,315$1,019,530$495,857$3,807,068
90$5,554,873$997,201$440,183$4,101,461
91$6,046,907$971,501$380,366$4,424,550
92$6,586,780$942,193$316,197$4,779,277
93$7,179,297$909,026$247,455$5,168,892
94$7,829,752$871,735$173,911$5,596,977
95$8,543,976$830,039$95,326$6,067,484
96$9,328,391$783,641$11,450$6,584,768
97$10,190,075$732,227$0$7,153,638
98$11,136,820$675,464$0$7,800,214
99$12,177,216$613,002$0$8,514,131
100$13,320,722$544,469$0$9,298,853