Can I retire at age 68 with 867,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$71,596$70,958$70,336$69,729$69,136$66,923
2 years$35,444$34,783$34,144$33,523$32,922$30,713
3 years$23,394$22,731$22,093$21,479$20,887$18,751
4 years$17,371$16,710$16,078$15,474$14,897$12,850
5 years$13,758$13,101$12,477$11,886$11,324$9,373
6 years$11,350$10,698$10,084$9,505$8,961$7,106
7 years$9,631$8,984$8,379$7,815$7,287$5,529
8 years$8,342$7,701$7,106$6,556$6,046$4,382
9 years$7,340$6,705$6,121$5,584$5,091$3,521
10 years$6,539$5,910$5,336$4,813$4,338$2,859
11 years$5,884$5,261$4,698$4,189$3,731$2,340
12 years$5,338$4,722$4,169$3,674$3,233$1,928
13 years$4,877$4,268$3,725$3,244$2,819$1,596
14 years$4,482$3,879$3,347$2,880$2,471$1,327
15 years$4,140$3,544$3,022$2,568$2,176$1,107
16 years$3,841$3,251$2,740$2,299$1,923$926
17 years$3,578$2,994$2,493$2,066$1,705$776
18 years$3,344$2,767$2,276$1,862$1,516$652
19 years$3,135$2,564$2,083$1,682$1,351$548
20 years$2,947$2,383$1,912$1,524$1,207$462
21 years$2,777$2,220$1,759$1,383$1,080$390
22 years$2,623$2,072$1,621$1,257$968$329
23 years$2,482$1,938$1,497$1,145$869$278
24 years$2,353$1,816$1,384$1,044$781$235
25 years$2,235$1,704$1,282$954$703$198
26 years$2,126$1,601$1,189$872$633$168
27 years$2,026$1,507$1,104$798$571$142
28 years$1,932$1,420$1,026$731$515$120
29 years$1,846$1,340$955$671$465$102
30 years$1,765$1,265$890$616$420$86
31 years$1,689$1,196$829$565$380$73
32 years$1,619$1,132$774$520$344$62
33 years$1,553$1,072$723$478$311$53
34 years$1,491$1,016$675$440$282$45
35 years$1,432$963$631$405$255$38
36 years$1,377$914$590$373$231$32
37 years$1,325$868$553$343$209$27
38 years$1,276$825$518$316$190$23
39 years$1,229$785$485$292$172$20
40 years$1,185$747$454$269$156$17
41 years$1,144$711$426$248$142$14
42 years$1,104$677$400$229$129$12
43 years$1,066$645$375$212$117$10
44 years$1,030$615$352$195$106$9
45 years$996$586$331$180$96$7
46 years$963$559$311$167$87$6
47 years$932$534$292$154$79$5
48 years$902$510$274$142$72$4
49 years$874$487$258$131$65$4
50 years$846$465$242$122$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $867,000, adding $5,034 every year, while hoping to spend $30,267 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: 86/6/8 Blend
67$867,000$867,000$867,000$867,000
68$960,627$914,676$901,237$1,042,004
69$1,026,407$927,291$899,225$1,108,464
70$1,097,882$939,510$896,130$1,176,810
71$1,175,601$951,281$891,886$1,250,954
72$1,260,168$962,550$886,420$1,331,458
73$1,352,248$973,258$879,658$1,418,943
74$1,452,572$983,341$871,521$1,514,090
75$1,561,944$992,735$861,927$1,617,653
76$1,681,250$1,001,367$850,789$1,730,458
77$1,811,465$1,009,161$838,018$1,853,418
78$1,953,662$1,016,037$823,519$1,987,536
79$2,109,021$1,021,909$807,193$2,133,918
80$2,278,845$1,026,686$788,937$2,293,784
81$2,464,563$1,030,270$768,642$2,468,473
82$2,667,753$1,032,557$746,196$2,659,466
83$2,890,150$1,033,439$721,480$2,868,390
84$3,133,665$1,032,797$694,370$3,097,038
85$3,400,404$1,030,509$664,736$3,347,389
86$3,692,684$1,026,443$632,443$3,621,618
87$4,013,058$1,020,459$597,350$3,922,125
88$4,364,337$1,012,408$559,309$4,251,552
89$4,749,617$1,002,135$518,164$4,612,813
90$5,172,311$989,472$473,755$5,009,115
91$5,636,173$974,243$425,912$5,443,994
92$6,145,342$956,260$374,460$5,921,345
93$6,704,376$935,326$319,214$6,445,461
94$7,318,297$911,231$259,981$7,021,071
95$7,992,635$883,753$196,562$7,653,387
96$8,733,483$852,656$128,746$8,348,152
97$9,547,553$817,692$56,315$9,111,692
98$10,442,242$778,597$0$9,950,982
99$11,425,695$735,093$0$10,875,497
100$12,506,889$686,885$0$11,897,159