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%12.8%
1 years$71,926$71,286$70,661$70,051$69,455$68,644
2 years$35,607$34,944$34,301$33,678$33,074$32,257
3 years$23,502$22,836$22,195$21,578$20,983$20,187
4 years$17,451$16,787$16,152$15,546$14,965$14,195
5 years$13,821$13,161$12,535$11,941$11,377$10,635
6 years$11,402$10,747$10,130$9,549$9,002$8,290
7 years$9,675$9,025$8,418$7,851$7,321$6,638
8 years$8,380$7,736$7,139$6,586$6,073$5,420
9 years$7,374$6,736$6,149$5,610$5,115$4,491
10 years$6,569$5,937$5,361$4,836$4,358$3,763
11 years$5,911$5,286$4,720$4,208$3,748$3,181
12 years$5,363$4,744$4,189$3,691$3,248$2,709
13 years$4,900$4,287$3,742$3,259$2,832$2,320
14 years$4,503$3,897$3,362$2,893$2,483$1,997
15 years$4,159$3,560$3,036$2,580$2,186$1,726
16 years$3,859$3,266$2,752$2,310$1,932$1,497
17 years$3,594$3,008$2,505$2,076$1,713$1,302
18 years$3,359$2,780$2,286$1,870$1,523$1,135
19 years$3,149$2,576$2,093$1,690$1,358$992
20 years$2,960$2,394$1,921$1,531$1,213$868
21 years$2,790$2,230$1,767$1,389$1,085$761
22 years$2,635$2,081$1,628$1,263$973$668
23 years$2,494$1,947$1,504$1,150$873$587
24 years$2,364$1,824$1,391$1,049$785$517
25 years$2,246$1,712$1,288$958$706$455
26 years$2,136$1,609$1,194$876$636$401
27 years$2,035$1,514$1,109$802$574$354
28 years$1,941$1,427$1,031$735$518$312
29 years$1,854$1,346$960$674$467$276
30 years$1,773$1,271$894$618$422$243
31 years$1,697$1,202$833$568$382$215
32 years$1,626$1,137$777$522$345$190
33 years$1,560$1,077$726$480$313$168
34 years$1,497$1,020$678$442$283$149
35 years$1,439$968$634$407$256$132
36 years$1,383$919$593$374$232$117
37 years$1,331$873$555$345$210$103
38 years$1,282$829$520$318$191$91
39 years$1,235$788$487$293$173$81
40 years$1,191$750$457$270$157$72
41 years$1,149$714$428$249$142$63
42 years$1,109$680$402$230$129$56
43 years$1,071$648$377$213$117$50
44 years$1,035$618$354$196$106$44
45 years$1,000$589$332$181$97$39
46 years$968$562$312$167$88$35
47 years$936$536$293$155$80$31
48 years$906$512$275$143$72$27
49 years$878$489$259$132$66$24
50 years$850$467$243$122$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $871,000, adding $2,632 every year, while hoping to spend $56,238 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: 34/46/20 Blend
67$871,000$871,000$871,000$871,000
68$962,557$916,394$902,893$989,302
69$1,000,901$901,460$873,304$994,345
70$1,041,271$883,910$840,838$994,412
71$1,083,815$863,556$805,340$993,317
72$1,128,693$840,199$766,647$990,992
73$1,176,079$813,629$724,590$987,364
74$1,226,166$783,623$678,990$982,363
75$1,279,160$749,945$629,661$975,912
76$1,335,289$712,347$576,410$967,938
77$1,394,801$670,565$519,032$958,364
78$1,457,968$624,320$457,317$947,115
79$1,525,086$573,318$391,043$934,112
80$1,596,480$517,245$319,978$919,280
81$1,672,506$455,775$243,881$902,543
82$1,753,551$388,557$162,501$883,828
83$1,840,041$315,225$75,573$863,061
84$1,932,445$235,390$0$840,173
85$2,031,271$148,641$0$818,769
86$2,137,083$54,546$0$812,568
87$2,250,493$0$0$805,435
88$2,372,178$0$0$821,357
89$2,502,876$0$0$868,202
90$2,643,401$0$0$918,663
91$2,794,645$0$0$973,070
92$2,957,586$0$0$1,031,789
93$3,133,301$0$0$1,095,220
94$3,322,970$0$0$1,163,805
95$3,527,894$0$0$1,238,026
96$3,749,498$0$0$1,318,417
97$3,989,350$0$0$1,405,562
98$4,249,177$0$0$1,500,105
99$4,530,872$0$0$1,602,753
100$4,836,521$0$0$1,714,285