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%13.9%
1 years$71,761$71,122$70,498$69,890$69,295$68,175
2 years$35,525$34,864$34,223$33,601$32,998$31,873
3 years$23,448$22,784$22,144$21,528$20,935$19,840
4 years$17,411$16,749$16,115$15,510$14,931$13,874
5 years$13,790$13,131$12,506$11,913$11,350$10,334
6 years$11,376$10,722$10,107$9,527$8,981$8,007
7 years$9,653$9,005$8,399$7,833$7,304$6,373
8 years$8,361$7,719$7,123$6,571$6,059$5,171
9 years$7,357$6,721$6,135$5,597$5,103$4,256
10 years$6,554$5,924$5,349$4,824$4,348$3,543
11 years$5,897$5,274$4,709$4,199$3,739$2,975
12 years$5,350$4,733$4,179$3,683$3,240$2,515
13 years$4,888$4,278$3,734$3,251$2,826$2,139
14 years$4,492$3,888$3,355$2,886$2,477$1,828
15 years$4,150$3,552$3,029$2,574$2,181$1,568
16 years$3,850$3,259$2,746$2,305$1,928$1,349
17 years$3,586$3,001$2,499$2,071$1,709$1,164
18 years$3,351$2,773$2,281$1,866$1,520$1,007
19 years$3,142$2,570$2,088$1,686$1,355$873
20 years$2,953$2,388$1,916$1,527$1,210$758
21 years$2,783$2,225$1,763$1,386$1,083$659
22 years$2,629$2,077$1,625$1,260$970$574
23 years$2,488$1,942$1,500$1,148$871$500
24 years$2,359$1,820$1,387$1,047$783$436
25 years$2,240$1,708$1,285$956$705$381
26 years$2,131$1,605$1,192$874$635$333
27 years$2,030$1,511$1,107$800$572$291
28 years$1,937$1,423$1,029$733$516$254
29 years$1,850$1,343$957$672$466$223
30 years$1,769$1,268$892$617$421$195
31 years$1,693$1,199$831$567$381$171
32 years$1,623$1,134$776$521$345$150
33 years$1,556$1,074$724$479$312$131
34 years$1,494$1,018$677$441$282$115
35 years$1,435$966$633$406$256$101
36 years$1,380$917$592$374$232$88
37 years$1,328$871$554$344$210$77
38 years$1,279$827$519$317$190$68
39 years$1,232$787$486$292$173$60
40 years$1,188$748$456$270$157$52
41 years$1,146$712$427$249$142$46
42 years$1,106$679$401$230$129$40
43 years$1,069$646$376$212$117$35
44 years$1,032$616$353$196$106$31
45 years$998$588$331$181$96$27
46 years$965$561$311$167$88$24
47 years$934$535$292$154$79$21
48 years$904$511$275$143$72$18
49 years$876$488$258$132$66$16
50 years$848$466$243$122$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $869,000, adding $5,002 every year, while hoping to spend $23,231 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: 49/40/11 Blend
67$869,000$869,000$869,000$869,000
68$962,798$916,741$903,271$1,006,866
69$1,036,285$936,943$908,813$1,057,844
70$1,116,490$957,357$913,762$1,110,339
71$1,204,073$977,968$918,074$1,166,829
72$1,299,761$998,761$921,701$1,227,696
73$1,404,354$1,019,718$924,596$1,293,360
74$1,518,734$1,040,821$926,706$1,364,282
75$1,643,872$1,062,048$927,978$1,440,972
76$1,780,836$1,083,377$928,355$1,523,991
77$1,930,803$1,104,785$927,776$1,613,958
78$2,095,069$1,126,243$926,181$1,711,554
79$2,275,061$1,147,724$923,502$1,817,530
80$2,472,350$1,169,195$919,673$1,932,714
81$2,688,668$1,190,623$914,620$2,058,018
82$2,925,920$1,211,972$908,267$2,194,448
83$3,186,207$1,233,202$900,537$2,343,112
84$3,471,841$1,254,269$891,346$2,505,232
85$3,785,369$1,275,130$880,607$2,682,155
86$4,129,599$1,295,733$868,230$2,875,364
87$4,507,622$1,316,027$854,119$3,086,496
88$4,922,841$1,335,955$838,174$3,317,355
89$5,379,010$1,355,456$820,292$3,569,929
90$5,880,260$1,374,464$800,363$3,846,411
91$6,431,144$1,392,911$778,273$4,149,215
92$7,036,678$1,410,720$753,902$4,481,007
93$7,702,388$1,427,814$727,126$4,844,722
94$8,434,361$1,444,106$697,814$5,243,596
95$9,239,304$1,459,506$665,829$5,681,199
96$10,124,608$1,473,917$631,030$6,161,464
97$11,098,414$1,487,235$593,265$6,688,726
98$12,169,693$1,499,350$552,380$7,267,767
99$13,348,328$1,510,144$508,211$7,903,855
100$14,645,210$1,519,494$460,589$8,602,799