Can I retire at age 68 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$71,926$71,286$70,661$70,051$69,455$69,133
2 years$35,607$34,944$34,301$33,678$33,074$32,749
3 years$23,502$22,836$22,195$21,578$20,983$20,666
4 years$17,451$16,787$16,152$15,546$14,965$14,657
5 years$13,821$13,161$12,535$11,941$11,377$11,079
6 years$11,402$10,747$10,130$9,549$9,002$8,715
7 years$9,675$9,025$8,418$7,851$7,321$7,045
8 years$8,380$7,736$7,139$6,586$6,073$5,808
9 years$7,374$6,736$6,149$5,610$5,115$4,860
10 years$6,569$5,937$5,361$4,836$4,358$4,114
11 years$5,911$5,286$4,720$4,208$3,748$3,515
12 years$5,363$4,744$4,189$3,691$3,248$3,025
13 years$4,900$4,287$3,742$3,259$2,832$2,620
14 years$4,503$3,897$3,362$2,893$2,483$2,280
15 years$4,159$3,560$3,036$2,580$2,186$1,993
16 years$3,859$3,266$2,752$2,310$1,932$1,749
17 years$3,594$3,008$2,505$2,076$1,713$1,539
18 years$3,359$2,780$2,286$1,870$1,523$1,358
19 years$3,149$2,576$2,093$1,690$1,358$1,201
20 years$2,960$2,394$1,921$1,531$1,213$1,064
21 years$2,790$2,230$1,767$1,389$1,085$945
22 years$2,635$2,081$1,628$1,263$973$840
23 years$2,494$1,947$1,504$1,150$873$748
24 years$2,364$1,824$1,391$1,049$785$667
25 years$2,246$1,712$1,288$958$706$595
26 years$2,136$1,609$1,194$876$636$532
27 years$2,035$1,514$1,109$802$574$475
28 years$1,941$1,427$1,031$735$518$425
29 years$1,854$1,346$960$674$467$380
30 years$1,773$1,271$894$618$422$341
31 years$1,697$1,202$833$568$382$305
32 years$1,626$1,137$777$522$345$274
33 years$1,560$1,077$726$480$313$246
34 years$1,497$1,020$678$442$283$220
35 years$1,439$968$634$407$256$198
36 years$1,383$919$593$374$232$178
37 years$1,331$873$555$345$210$159
38 years$1,282$829$520$318$191$143
39 years$1,235$788$487$293$173$129
40 years$1,191$750$457$270$157$116
41 years$1,149$714$428$249$142$104
42 years$1,109$680$402$230$129$93
43 years$1,071$648$377$213$117$84
44 years$1,035$618$354$196$106$75
45 years$1,000$589$332$181$97$68
46 years$968$562$312$167$88$61
47 years$936$536$293$155$80$55
48 years$906$512$275$143$72$49
49 years$878$489$259$132$66$44
50 years$850$467$243$122$60$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $871,000, adding $4,933 every year, while hoping to spend $21,065 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: 35/46/19 Blend
67$871,000$871,000$871,000$871,000
68$964,930$918,767$905,267$992,950
69$1,040,940$941,374$913,180$1,036,506
70$1,123,997$964,382$920,653$1,081,156
71$1,214,798$987,790$927,647$1,128,894
72$1,314,109$1,011,593$934,125$1,180,004
73$1,422,774$1,035,788$940,045$1,234,804
74$1,541,725$1,060,369$945,364$1,293,641
75$1,671,984$1,085,330$950,037$1,356,897
76$1,814,679$1,110,664$954,016$1,424,996
77$1,971,051$1,136,362$957,251$1,498,401
78$2,142,469$1,162,414$959,689$1,577,625
79$2,330,438$1,188,810$961,276$1,663,234
80$2,536,617$1,215,536$961,953$1,755,849
81$2,762,834$1,242,578$961,660$1,856,156
82$3,011,100$1,269,922$960,333$1,964,912
83$3,283,633$1,297,549$957,905$2,082,951
84$3,582,874$1,325,439$954,305$2,211,190
85$3,911,514$1,353,572$949,461$2,350,643
86$4,272,515$1,381,924$943,294$2,502,426
87$4,669,142$1,410,469$935,726$2,667,770
88$5,104,992$1,439,179$926,669$2,848,032
89$5,584,025$1,468,023$916,037$3,044,708
90$6,110,607$1,496,967$903,735$3,259,447
91$6,689,546$1,525,976$889,668$3,494,067
92$7,326,140$1,555,009$873,732$3,750,572
93$8,026,226$1,584,024$855,822$4,031,172
94$8,796,234$1,612,975$835,825$4,338,303
95$9,643,251$1,641,811$813,626$4,674,652
96$10,575,081$1,670,479$789,101$5,043,179
97$11,600,328$1,698,920$762,124$5,447,149
98$12,728,467$1,727,073$732,561$5,890,160
99$13,969,940$1,754,870$700,272$6,376,181
100$15,336,254$1,782,238$665,111$6,909,586