Can I retire at age 68 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$72,422$71,777$71,147$70,533$69,933$69,434
2 years$35,852$35,185$34,538$33,910$33,302$32,798
3 years$23,664$22,994$22,348$21,727$21,128$20,636
4 years$17,571$16,903$16,264$15,653$15,069$14,592
5 years$13,916$13,252$12,621$12,023$11,455$10,995
6 years$11,481$10,821$10,200$9,615$9,064$8,621
7 years$9,742$9,088$8,476$7,905$7,371$6,946
8 years$8,438$7,790$7,188$6,631$6,115$5,707
9 years$7,424$6,782$6,191$5,648$5,150$4,759
10 years$6,614$5,978$5,398$4,869$4,388$4,014
11 years$5,951$5,322$4,752$4,237$3,774$3,417
12 years$5,400$4,777$4,217$3,717$3,270$2,930
13 years$4,933$4,317$3,768$3,281$2,852$2,528
14 years$4,534$3,924$3,386$2,913$2,500$2,191
15 years$4,188$3,585$3,057$2,598$2,201$1,908
16 years$3,885$3,289$2,771$2,326$1,945$1,667
17 years$3,619$3,029$2,522$2,090$1,725$1,461
18 years$3,382$2,799$2,302$1,883$1,534$1,284
19 years$3,171$2,594$2,107$1,702$1,367$1,131
20 years$2,981$2,410$1,934$1,541$1,221$998
21 years$2,809$2,245$1,779$1,399$1,093$882
22 years$2,653$2,096$1,640$1,272$979$781
23 years$2,511$1,960$1,514$1,158$879$692
24 years$2,381$1,837$1,400$1,056$790$614
25 years$2,261$1,724$1,297$965$711$545
26 years$2,151$1,620$1,203$882$641$485
27 years$2,049$1,524$1,117$807$577$431
28 years$1,955$1,436$1,038$740$521$384
29 years$1,867$1,355$966$678$471$342
30 years$1,785$1,280$900$623$425$305
31 years$1,709$1,210$839$572$384$272
32 years$1,638$1,145$783$526$348$243
33 years$1,571$1,084$731$483$315$216
34 years$1,508$1,027$683$445$285$193
35 years$1,449$975$638$409$258$173
36 years$1,393$925$597$377$234$154
37 years$1,340$879$559$347$212$138
38 years$1,291$835$524$320$192$123
39 years$1,244$794$490$295$174$110
40 years$1,199$755$460$272$158$98
41 years$1,157$719$431$251$143$88
42 years$1,117$685$404$232$130$79
43 years$1,078$652$379$214$118$70
44 years$1,042$622$356$198$107$63
45 years$1,007$593$334$182$97$56
46 years$974$566$314$169$88$50
47 years$943$540$295$156$80$45
48 years$913$515$277$144$73$40
49 years$884$492$261$133$66$36
50 years$856$470$245$123$60$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $877,000, adding $6,953 every year, while hoping to spend $27,117 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: 50/27/23 Blend
67$877,000$877,000$877,000$877,000
68$973,626$927,145$913,552$1,015,703
69$1,044,084$943,723$915,303$1,062,228
70$1,120,819$960,204$916,205$1,109,457
71$1,204,444$976,556$916,199$1,160,232
72$1,295,632$992,741$915,226$1,214,899
73$1,395,123$1,008,722$913,223$1,273,841
74$1,503,734$1,024,458$910,124$1,337,479
75$1,622,361$1,039,903$905,860$1,406,280
76$1,751,994$1,055,010$900,358$1,480,758
77$1,893,720$1,069,729$893,543$1,561,479
78$2,048,738$1,084,003$885,335$1,649,069
79$2,218,365$1,097,776$875,650$1,744,219
80$2,404,056$1,110,984$864,402$1,847,691
81$2,607,409$1,123,561$851,498$1,960,325
82$2,830,184$1,135,436$836,843$2,083,049
83$3,074,323$1,146,533$820,338$2,216,887
84$3,341,961$1,156,770$801,876$2,362,967
85$3,635,451$1,166,061$781,349$2,522,537
86$3,957,384$1,174,315$758,641$2,696,969
87$4,310,615$1,181,434$733,633$2,887,782
88$4,698,287$1,187,313$706,199$3,096,647
89$5,123,862$1,191,842$676,207$3,325,411
90$5,591,157$1,194,903$643,520$3,576,109
91$6,104,373$1,196,371$607,996$3,850,987
92$6,668,138$1,196,113$569,483$4,152,524
93$7,287,553$1,193,987$527,825$4,483,450
94$7,968,235$1,189,844$482,859$4,846,781
95$8,716,372$1,183,524$434,413$5,245,841
96$9,538,785$1,174,859$382,308$5,684,297
97$10,442,984$1,163,670$326,358$6,166,193
98$11,437,245$1,149,767$266,368$6,695,989
99$12,530,687$1,132,948$202,134$7,278,604
100$13,733,355$1,113,001$133,444$7,919,462