Can I retire at age 68 with 872,000?

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 $872,000?

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 years$72,009$71,368$70,742$70,131$69,535$69,242
2 years$35,648$34,984$34,341$33,717$33,112$32,816
3 years$23,529$22,862$22,221$21,603$21,007$20,718
4 years$17,471$16,806$16,171$15,564$14,983$14,702
5 years$13,837$13,176$12,549$11,954$11,390$11,118
6 years$11,415$10,760$10,142$9,560$9,012$8,751
7 years$9,686$9,036$8,428$7,860$7,329$7,078
8 years$8,390$7,745$7,147$6,593$6,080$5,839
9 years$7,382$6,744$6,156$5,616$5,121$4,889
10 years$6,576$5,944$5,367$4,841$4,363$4,141
11 years$5,918$5,292$4,725$4,213$3,752$3,540
12 years$5,369$4,750$4,193$3,696$3,252$3,049
13 years$4,905$4,292$3,746$3,263$2,836$2,642
14 years$4,508$3,902$3,366$2,896$2,486$2,301
15 years$4,164$3,564$3,039$2,583$2,189$2,013
16 years$3,863$3,270$2,756$2,313$1,934$1,767
17 years$3,598$3,012$2,507$2,078$1,715$1,556
18 years$3,363$2,783$2,289$1,873$1,525$1,374
19 years$3,153$2,579$2,095$1,692$1,359$1,216
20 years$2,964$2,397$1,923$1,533$1,214$1,078
21 years$2,793$2,232$1,769$1,391$1,086$958
22 years$2,638$2,084$1,630$1,265$974$853
23 years$2,496$1,949$1,505$1,152$874$760
24 years$2,367$1,826$1,392$1,050$786$678
25 years$2,248$1,714$1,289$959$707$605
26 years$2,139$1,611$1,196$877$637$541
27 years$2,037$1,516$1,110$803$574$484
28 years$1,943$1,428$1,032$736$518$433
29 years$1,856$1,347$961$675$468$388
30 years$1,775$1,272$895$619$423$348
31 years$1,699$1,203$834$569$382$312
32 years$1,628$1,138$778$523$346$280
33 years$1,562$1,078$727$481$313$251
34 years$1,499$1,022$679$442$283$226
35 years$1,440$969$635$407$257$203
36 years$1,385$920$594$375$232$182
37 years$1,333$874$556$345$211$164
38 years$1,283$830$521$318$191$147
39 years$1,236$789$488$294$173$132
40 years$1,192$751$457$271$157$119
41 years$1,150$715$429$250$143$107
42 years$1,110$681$402$231$129$96
43 years$1,072$649$377$213$117$87
44 years$1,036$618$354$196$107$78
45 years$1,002$590$333$181$97$70
46 years$969$563$312$168$88$63
47 years$937$537$293$155$80$57
48 years$907$512$276$143$72$51
49 years$879$489$259$132$66$46
50 years$851$467$244$122$60$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $872,000, adding $5,121 every year, while hoping to spend $58,216 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: 58/23/19 Blend
67$872,000$872,000$872,000$872,000
68$966,226$920,010$906,494$1,017,142
69$1,002,840$903,149$874,920$1,035,439
70$1,041,237$883,511$840,338$1,048,601
71$1,081,538$860,898$802,584$1,061,645
72$1,123,874$835,101$761,489$1,074,571
73$1,168,387$805,898$716,877$1,087,380
74$1,215,231$773,056$668,561$1,100,079
75$1,264,574$736,326$616,348$1,112,677
76$1,316,601$695,446$560,035$1,125,190
77$1,371,510$650,138$499,412$1,137,636
78$1,429,519$600,110$434,257$1,150,041
79$1,490,865$545,051$364,341$1,162,436
80$1,555,809$484,634$289,421$1,174,861
81$1,624,632$418,512$209,248$1,187,364
82$1,697,644$346,318$123,557$1,200,004
83$1,775,184$267,668$32,076$1,212,848
84$1,857,620$182,151$0$1,225,980
85$1,945,358$89,337$0$1,252,784
86$2,038,840$0$0$1,287,888
87$2,138,552$0$0$1,327,816
88$2,245,025$0$0$1,394,639
89$2,358,841$0$0$1,466,116
90$2,480,637$0$0$1,542,655
91$2,611,115$0$0$1,624,700
92$2,751,041$0$0$1,712,743
93$2,901,258$0$0$1,807,318
94$3,062,689$0$0$1,909,017
95$3,236,350$0$0$2,018,485
96$3,423,355$0$0$2,136,434
97$3,624,926$0$0$2,263,643
98$3,842,407$0$0$2,400,971
99$4,077,275$0$0$2,549,359
100$4,331,153$0$0$2,709,842