Can I retire at age 68 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$72,587$71,940$71,310$70,694$70,093$69,505
2 years$35,934$35,265$34,616$33,987$33,377$32,786
3 years$23,718$23,046$22,399$21,776$21,176$20,598
4 years$17,611$16,941$16,301$15,688$15,103$14,543
5 years$13,948$13,282$12,650$12,050$11,481$10,941
6 years$11,507$10,846$10,223$9,637$9,085$8,565
7 years$9,764$9,108$8,495$7,923$7,388$6,889
8 years$8,457$7,808$7,205$6,646$6,129$5,651
9 years$7,441$6,798$6,206$5,661$5,162$4,704
10 years$6,629$5,992$5,410$4,880$4,398$3,961
11 years$5,965$5,334$4,763$4,247$3,782$3,365
12 years$5,412$4,788$4,227$3,725$3,278$2,880
13 years$4,945$4,327$3,777$3,289$2,858$2,480
14 years$4,544$3,933$3,393$2,919$2,506$2,146
15 years$4,197$3,593$3,064$2,604$2,206$1,864
16 years$3,894$3,296$2,778$2,331$1,950$1,626
17 years$3,627$3,036$2,528$2,095$1,729$1,422
18 years$3,390$2,805$2,307$1,888$1,537$1,247
19 years$3,178$2,600$2,112$1,706$1,370$1,096
20 years$2,987$2,416$1,939$1,545$1,224$965
21 years$2,815$2,250$1,783$1,402$1,095$851
22 years$2,659$2,101$1,643$1,275$982$751
23 years$2,516$1,965$1,517$1,161$881$664
24 years$2,386$1,841$1,403$1,059$792$588
25 years$2,266$1,727$1,300$967$713$521
26 years$2,156$1,624$1,205$884$642$462
27 years$2,054$1,528$1,119$809$579$410
28 years$1,959$1,440$1,041$742$522$364
29 years$1,871$1,358$968$680$472$324
30 years$1,789$1,283$902$624$426$288
31 years$1,713$1,213$841$573$385$256
32 years$1,641$1,147$785$527$348$228
33 years$1,574$1,087$733$484$315$203
34 years$1,511$1,030$684$446$286$181
35 years$1,452$977$640$410$259$161
36 years$1,396$927$599$378$234$143
37 years$1,343$881$560$348$212$128
38 years$1,294$837$525$321$193$114
39 years$1,246$796$492$296$175$102
40 years$1,202$757$461$273$158$91
41 years$1,159$721$432$252$144$81
42 years$1,119$686$405$232$130$72
43 years$1,081$654$380$214$118$64
44 years$1,044$623$357$198$107$57
45 years$1,010$594$335$183$97$51
46 years$977$567$315$169$89$46
47 years$945$541$296$156$80$41
48 years$915$517$278$144$73$36
49 years$886$493$261$133$66$32
50 years$858$471$246$123$60$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $879,000, adding $5,740 every year, while hoping to spend $39,549 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: 50/41/9 Blend
67$879,000$879,000$879,000$879,000
68$974,579$927,992$914,367$1,020,724
69$1,031,906$931,384$902,919$1,056,262
70$1,093,755$933,616$889,761$1,090,176
71$1,160,545$934,591$874,796$1,126,106
72$1,232,738$934,203$857,918$1,164,252
73$1,310,840$932,341$839,021$1,204,835
74$1,395,407$928,887$817,990$1,248,101
75$1,487,052$923,717$794,706$1,294,323
76$1,586,449$916,696$769,046$1,343,802
77$1,694,337$907,684$740,880$1,396,875
78$1,811,531$896,532$710,071$1,453,913
79$1,938,927$883,082$676,477$1,515,328
80$2,077,509$867,164$639,951$1,581,577
81$2,228,362$848,603$600,337$1,653,168
82$2,392,679$827,208$557,472$1,730,660
83$2,571,773$802,782$511,188$1,814,677
84$2,767,088$775,113$461,307$1,905,907
85$2,980,214$743,977$407,644$2,005,114
86$3,212,902$709,138$350,006$2,113,141
87$3,467,079$670,346$288,192$2,230,926
88$3,744,865$627,337$221,991$2,359,502
89$4,048,596$579,831$151,182$2,500,017
90$4,380,843$527,533$75,537$2,653,738
91$4,744,436$470,130$0$2,822,070
92$5,142,494$407,291$0$3,007,062
93$5,578,448$338,668$0$3,217,708
94$6,056,080$263,893$0$3,448,670
95$6,579,552$182,575$0$3,702,075
96$7,153,449$94,304$0$3,980,271
97$7,782,821$0$0$4,285,856
98$8,473,230$0$0$4,622,306
99$9,230,803$0$0$5,038,266
100$10,062,287$0$0$5,494,904