Can I retire at age 68 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$71,761$71,122$70,498$69,890$69,295$68,288
2 years$35,525$34,864$34,223$33,601$32,998$31,985
3 years$23,448$22,784$22,144$21,528$20,935$19,948
4 years$17,411$16,749$16,115$15,510$14,931$13,978
5 years$13,790$13,131$12,506$11,913$11,350$10,434
6 years$11,376$10,722$10,107$9,527$8,981$8,102
7 years$9,653$9,005$8,399$7,833$7,304$6,463
8 years$8,361$7,719$7,123$6,571$6,059$5,256
9 years$7,357$6,721$6,135$5,597$5,103$4,337
10 years$6,554$5,924$5,349$4,824$4,348$3,618
11 years$5,897$5,274$4,709$4,199$3,739$3,046
12 years$5,350$4,733$4,179$3,683$3,240$2,582
13 years$4,888$4,278$3,734$3,251$2,826$2,202
14 years$4,492$3,888$3,355$2,886$2,477$1,886
15 years$4,150$3,552$3,029$2,574$2,181$1,622
16 years$3,850$3,259$2,746$2,305$1,928$1,400
17 years$3,586$3,001$2,499$2,071$1,709$1,212
18 years$3,351$2,773$2,281$1,866$1,520$1,051
19 years$3,142$2,570$2,088$1,686$1,355$914
20 years$2,953$2,388$1,916$1,527$1,210$796
21 years$2,783$2,225$1,763$1,386$1,083$694
22 years$2,629$2,077$1,625$1,260$970$606
23 years$2,488$1,942$1,500$1,148$871$530
24 years$2,359$1,820$1,387$1,047$783$464
25 years$2,240$1,708$1,285$956$705$406
26 years$2,131$1,605$1,192$874$635$356
27 years$2,030$1,511$1,107$800$572$312
28 years$1,937$1,423$1,029$733$516$274
29 years$1,850$1,343$957$672$466$240
30 years$1,769$1,268$892$617$421$211
31 years$1,693$1,199$831$567$381$186
32 years$1,623$1,134$776$521$345$163
33 years$1,556$1,074$724$479$312$143
34 years$1,494$1,018$677$441$282$126
35 years$1,435$966$633$406$256$111
36 years$1,380$917$592$374$232$98
37 years$1,328$871$554$344$210$86
38 years$1,279$827$519$317$190$76
39 years$1,232$787$486$292$173$67
40 years$1,188$748$456$270$157$59
41 years$1,146$712$427$249$142$52
42 years$1,106$679$401$230$129$45
43 years$1,069$646$376$212$117$40
44 years$1,032$616$353$196$106$35
45 years$998$588$331$181$96$31
46 years$965$561$311$167$88$27
47 years$934$535$292$154$79$24
48 years$904$511$275$143$72$21
49 years$876$488$258$132$66$19
50 years$848$466$243$122$60$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $869,000, adding $4,507 every year, while hoping to spend $22,468 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: 46/37/17 Blend
67$869,000$869,000$869,000$869,000
68$962,287$916,230$902,760$1,001,700
69$1,036,534$937,219$909,097$1,050,618
70$1,117,602$958,484$914,893$1,101,038
71$1,206,162$980,015$920,106$1,155,258
72$1,302,954$1,001,799$924,693$1,213,641
73$1,408,792$1,023,823$928,607$1,276,588
74$1,524,573$1,046,075$931,800$1,344,537
75$1,651,284$1,068,538$934,220$1,417,975
76$1,790,013$1,091,194$935,814$1,497,438
77$1,941,957$1,114,025$936,526$1,583,513
78$2,108,433$1,137,009$936,297$1,676,853
79$2,290,895$1,160,124$935,065$1,778,172
80$2,490,941$1,183,345$932,764$1,888,261
81$2,710,333$1,206,645$929,328$2,007,989
82$2,951,010$1,229,993$924,683$2,138,317
83$3,215,109$1,253,359$918,756$2,280,301
84$3,504,984$1,276,707$911,468$2,435,108
85$3,823,227$1,300,000$902,737$2,604,024
86$4,172,694$1,323,198$892,476$2,788,464
87$4,556,531$1,346,257$880,596$2,989,991
88$4,978,202$1,369,129$867,002$3,210,327
89$5,441,528$1,391,765$851,595$3,451,370
90$5,950,712$1,414,109$834,271$3,715,214
91$6,510,388$1,436,105$814,923$4,004,165
92$7,125,661$1,457,688$793,437$4,320,767
93$7,802,156$1,478,792$769,695$4,667,824
94$8,546,068$1,499,345$743,571$5,048,428
95$9,364,224$1,519,269$714,938$5,465,985
96$10,264,145$1,538,484$683,659$5,924,255
97$11,254,119$1,556,900$649,592$6,427,378
98$12,343,275$1,574,425$612,589$6,979,921
99$13,541,674$1,590,956$572,496$7,586,916
100$14,860,401$1,606,389$529,150$8,253,914