Can I retire at age 68 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$79,771$79,061$78,368$77,691$77,030$75,785
2 years$39,491$38,755$38,043$37,351$36,681$35,430
3 years$26,066$25,327$24,616$23,931$23,272$22,054
4 years$19,354$18,618$17,914$17,241$16,598$15,422
5 years$15,329$14,597$13,902$13,243$12,617$11,488
6 years$12,646$11,919$11,235$10,590$9,984$8,901
7 years$10,730$10,010$9,336$8,707$8,119$7,084
8 years$9,294$8,580$7,918$7,304$6,736$5,748
9 years$8,178$7,471$6,820$6,221$5,673$4,732
10 years$7,285$6,585$5,946$5,363$4,833$3,938
11 years$6,555$5,862$5,234$4,667$4,157$3,307
12 years$5,948$5,262$4,645$4,094$3,602$2,796
13 years$5,434$4,755$4,150$3,614$3,141$2,378
14 years$4,994$4,322$3,729$3,208$2,754$2,032
15 years$4,613$3,948$3,367$2,861$2,424$1,743
16 years$4,280$3,623$3,053$2,562$2,143$1,500
17 years$3,986$3,336$2,778$2,302$1,900$1,294
18 years$3,725$3,083$2,536$2,075$1,689$1,120
19 years$3,493$2,857$2,321$1,874$1,506$970
20 years$3,283$2,655$2,130$1,698$1,345$842
21 years$3,094$2,473$1,960$1,541$1,204$732
22 years$2,922$2,308$1,806$1,401$1,079$638
23 years$2,766$2,159$1,668$1,276$968$556
24 years$2,622$2,023$1,542$1,164$870$485
25 years$2,490$1,898$1,428$1,063$783$423
26 years$2,369$1,784$1,325$972$706$370
27 years$2,257$1,679$1,230$889$636$323
28 years$2,153$1,582$1,144$815$574$283
29 years$2,056$1,493$1,064$747$518$247
30 years$1,966$1,410$991$686$468$217
31 years$1,882$1,333$924$630$423$190
32 years$1,804$1,261$862$579$383$166
33 years$1,730$1,194$805$532$347$146
34 years$1,661$1,132$752$490$314$128
35 years$1,596$1,073$703$451$284$112
36 years$1,534$1,019$658$415$258$98
37 years$1,476$968$616$383$233$86
38 years$1,422$920$577$353$212$75
39 years$1,370$874$540$325$192$66
40 years$1,321$832$506$300$174$58
41 years$1,274$792$475$277$158$51
42 years$1,230$754$445$255$143$45
43 years$1,188$719$418$236$130$39
44 years$1,148$685$392$218$118$34
45 years$1,110$653$368$201$107$30
46 years$1,073$623$346$186$97$27
47 years$1,038$595$325$172$88$23
48 years$1,005$568$305$159$80$20
49 years$974$542$287$146$73$18
50 years$943$518$270$135$66$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $966,000, adding $6,325 every year, while hoping to spend $33,525 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: 57/22/21 Blend
67$966,000$966,000$966,000$966,000
68$1,071,056$1,019,858$1,004,885$1,125,736
69$1,144,634$1,034,161$1,002,879$1,178,023
70$1,224,592$1,048,041$999,681$1,230,843
71$1,311,548$1,061,442$995,217$1,287,675
72$1,406,177$1,074,304$989,409$1,348,914
73$1,509,226$1,086,563$982,172$1,414,995
74$1,621,513$1,098,151$973,421$1,486,399
75$1,743,941$1,108,995$963,065$1,563,656
76$1,877,504$1,119,016$951,009$1,647,351
77$2,023,294$1,128,133$937,152$1,738,130
78$2,182,515$1,136,256$921,391$1,836,706
79$2,356,491$1,143,292$903,617$1,943,866
80$2,546,680$1,149,141$883,716$2,060,479
81$2,754,688$1,153,695$861,567$2,187,501
82$2,982,283$1,156,843$837,046$2,325,990
83$3,231,411$1,158,463$810,022$2,477,114
84$3,504,215$1,158,428$780,358$2,642,159
85$3,803,056$1,156,602$747,911$2,822,545
86$4,130,533$1,152,841$712,532$3,019,841
87$4,489,510$1,146,992$674,063$3,235,774
88$4,883,138$1,138,893$632,343$3,472,253
89$5,314,891$1,128,372$587,199$3,731,382
90$5,788,593$1,115,245$538,454$4,015,483
91$6,308,458$1,099,321$485,920$4,327,118
92$6,879,126$1,080,393$429,404$4,669,112
93$7,505,709$1,058,244$368,701$5,044,582
94$8,193,839$1,032,645$303,600$5,456,966
95$8,949,718$1,003,352$233,878$5,910,057
96$9,780,179$970,107$159,303$6,408,037
97$10,692,752$932,637$79,634$6,955,520
98$11,695,730$890,653$0$7,557,593
99$12,798,250$843,850$0$8,221,076
100$14,010,377$791,905$0$8,970,072