Can I retire at age 68 with 875,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$72,257$71,613$70,985$70,372$69,774$67,032
2 years$35,771$35,104$34,459$33,833$33,226$30,497
3 years$23,610$22,941$22,297$21,677$21,080$18,450
4 years$17,531$16,864$16,227$15,617$15,034$12,523
5 years$13,885$13,222$12,593$11,995$11,429$9,043
6 years$11,455$10,797$10,177$9,593$9,043$6,785
7 years$9,719$9,067$8,457$7,887$7,355$5,222
8 years$8,419$7,772$7,172$6,616$6,101$4,093
9 years$7,407$6,767$6,177$5,635$5,138$3,251
10 years$6,599$5,965$5,385$4,858$4,378$2,608
11 years$5,938$5,310$4,741$4,228$3,765$2,108
12 years$5,387$4,766$4,208$3,708$3,263$1,715
13 years$4,922$4,307$3,759$3,274$2,845$1,402
14 years$4,523$3,915$3,378$2,906$2,494$1,150
15 years$4,178$3,576$3,050$2,592$2,196$946
16 years$3,877$3,281$2,765$2,321$1,941$781
17 years$3,611$3,022$2,516$2,085$1,721$645
18 years$3,375$2,792$2,297$1,879$1,530$534
19 years$3,164$2,588$2,103$1,698$1,364$443
20 years$2,974$2,405$1,930$1,538$1,218$368
21 years$2,802$2,240$1,775$1,396$1,090$306
22 years$2,647$2,091$1,636$1,269$977$254
23 years$2,505$1,956$1,510$1,156$877$211
24 years$2,375$1,832$1,397$1,054$788$176
25 years$2,256$1,720$1,294$963$709$147
26 years$2,146$1,616$1,200$880$639$122
27 years$2,044$1,521$1,114$806$576$102
28 years$1,950$1,433$1,036$738$520$85
29 years$1,863$1,352$964$677$469$71
30 years$1,781$1,277$898$621$424$59
31 years$1,705$1,207$837$571$383$49
32 years$1,634$1,142$781$524$347$41
33 years$1,567$1,082$729$482$314$34
34 years$1,504$1,025$681$444$284$29
35 years$1,445$972$637$408$257$24
36 years$1,390$923$596$376$233$20
37 years$1,337$877$558$347$211$17
38 years$1,288$833$522$319$192$14
39 years$1,241$792$489$295$174$12
40 years$1,196$754$459$272$158$10
41 years$1,154$717$430$251$143$8
42 years$1,114$683$403$231$130$7
43 years$1,076$651$379$214$118$6
44 years$1,040$620$355$197$107$5
45 years$1,005$592$334$182$97$4
46 years$972$564$313$168$88$3
47 years$941$539$294$155$80$3
48 years$911$514$277$144$73$2
49 years$882$491$260$133$66$2
50 years$854$469$244$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $875,000, adding $5,904 every year, while hoping to spend $48,962 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: 46/40/14 Blend
67$875,000$875,000$875,000$875,000
68$970,340$923,965$910,402$1,010,873
69$1,017,219$917,144$888,806$1,032,794
70$1,067,240$908,348$864,845$1,051,109
71$1,120,669$897,428$838,388$1,069,904
72$1,177,803$884,227$809,299$1,089,242
73$1,238,963$868,578$777,435$1,109,197
74$1,304,503$850,305$742,645$1,129,852
75$1,374,813$829,220$704,774$1,151,303
76$1,450,317$805,125$663,657$1,173,659
77$1,531,484$777,811$619,124$1,197,045
78$1,618,827$747,055$570,997$1,221,602
79$1,712,909$712,623$519,087$1,247,490
80$1,814,350$674,266$463,201$1,274,891
81$1,923,830$631,722$403,134$1,304,010
82$2,042,096$584,711$338,675$1,335,079
83$2,169,970$532,942$269,600$1,368,358
84$2,308,353$476,102$195,678$1,404,142
85$2,458,238$413,864$116,666$1,442,761
86$2,620,716$345,881$32,312$1,484,586
87$2,796,987$271,787$0$1,530,032
88$2,988,369$191,194$0$1,588,189
89$3,196,314$103,695$0$1,656,668
90$3,422,419$8,856$0$1,731,266
91$3,668,438$0$0$1,812,682
92$3,936,305$0$0$1,942,970
93$4,228,145$0$0$2,089,259
94$4,546,299$0$0$2,248,834
95$4,893,341$0$0$2,423,000
96$5,272,106$0$0$2,613,191
97$5,685,714$0$0$2,820,988
98$6,137,599$0$0$3,048,129
99$6,631,543$0$0$3,296,530
100$7,171,708$0$0$3,568,299