Can I retire at age 68 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$71,679$71,040$70,417$69,809$69,216$67,818
2 years$35,484$34,824$34,183$33,562$32,960$31,558
3 years$23,421$22,758$22,119$21,504$20,911$19,549
4 years$17,391$16,729$16,097$15,492$14,914$13,601
5 years$13,774$13,116$12,492$11,899$11,337$10,078
6 years$11,363$10,710$10,095$9,516$8,971$7,767
7 years$9,642$8,994$8,389$7,824$7,296$6,147
8 years$8,351$7,710$7,115$6,563$6,052$4,959
9 years$7,348$6,713$6,128$5,590$5,097$4,057
10 years$6,546$5,917$5,342$4,819$4,343$3,357
11 years$5,890$5,268$4,703$4,194$3,735$2,801
12 years$5,344$4,728$4,174$3,679$3,237$2,353
13 years$4,883$4,273$3,729$3,248$2,823$1,988
14 years$4,487$3,884$3,351$2,883$2,474$1,687
15 years$4,145$3,548$3,025$2,571$2,178$1,437
16 years$3,846$3,255$2,743$2,302$1,925$1,228
17 years$3,582$2,998$2,496$2,068$1,707$1,052
18 years$3,348$2,770$2,278$1,864$1,518$904
19 years$3,138$2,567$2,086$1,684$1,353$777
20 years$2,950$2,386$1,914$1,525$1,208$670
21 years$2,780$2,222$1,761$1,384$1,081$578
22 years$2,626$2,074$1,623$1,259$969$499
23 years$2,485$1,940$1,498$1,146$870$432
24 years$2,356$1,818$1,386$1,046$782$374
25 years$2,238$1,706$1,283$955$704$324
26 years$2,129$1,603$1,190$873$634$281
27 years$2,028$1,509$1,105$799$572$243
28 years$1,935$1,422$1,028$732$516$211
29 years$1,848$1,341$956$671$466$183
30 years$1,767$1,267$891$616$421$159
31 years$1,691$1,197$830$566$380$138
32 years$1,621$1,133$775$520$344$120
33 years$1,554$1,073$723$478$311$104
34 years$1,492$1,017$676$440$282$91
35 years$1,434$965$632$405$255$79
36 years$1,379$915$591$373$231$69
37 years$1,327$870$553$344$210$60
38 years$1,277$826$518$317$190$52
39 years$1,231$786$485$292$172$45
40 years$1,187$748$455$269$156$39
41 years$1,145$712$427$249$142$34
42 years$1,105$678$400$229$129$30
43 years$1,067$646$376$212$117$26
44 years$1,031$616$353$196$106$22
45 years$997$587$331$181$96$20
46 years$964$560$311$167$87$17
47 years$933$534$292$154$79$15
48 years$903$510$274$142$72$13
49 years$875$487$258$132$65$11
50 years$847$465$243$122$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $868,000, adding $5,999 every year, while hoping to spend $59,723 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: 46/42/12 Blend
67$868,000$868,000$868,000$868,000
68$962,724$916,720$903,266$1,003,493
69$997,377$898,094$869,981$1,013,713
70$1,033,563$876,555$833,578$1,018,194
71$1,071,375$851,895$793,892$1,021,723
72$1,110,915$823,896$750,747$1,024,233
73$1,152,290$792,330$703,959$1,025,653
74$1,195,620$756,950$653,338$1,025,915
75$1,241,032$717,499$598,683$1,024,943
76$1,288,665$673,704$539,787$1,022,662
77$1,338,669$625,277$476,430$1,018,994
78$1,391,209$571,911$408,386$1,013,860
79$1,446,462$513,283$335,416$1,007,178
80$1,504,620$449,054$257,273$998,866
81$1,565,896$378,862$173,695$988,839
82$1,630,517$302,326$84,414$977,011
83$1,698,735$219,045$0$963,299
84$1,770,820$128,592$0$949,007
85$1,847,071$30,521$0$944,284
86$1,927,811$0$0$938,266
87$2,013,396$0$0$965,873
88$2,104,212$0$0$1,010,185
89$2,200,683$0$0$1,057,309
90$2,303,273$0$0$1,107,478
91$2,412,487$0$0$1,160,948
92$2,528,881$0$0$1,217,998
93$2,653,062$0$0$1,278,933
94$2,785,696$0$0$1,344,091
95$2,927,512$0$0$1,413,837
96$3,079,310$0$0$1,488,576
97$3,241,968$0$0$1,568,750
98$3,416,446$0$0$1,654,845
99$3,603,801$0$0$1,747,392
100$3,805,190$0$0$1,846,978