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%12.5%
1 years$72,587$71,940$71,310$70,694$70,093$69,361
2 years$35,934$35,265$34,616$33,987$33,377$32,640
3 years$23,718$23,046$22,399$21,776$21,176$20,457
4 years$17,611$16,941$16,301$15,688$15,103$14,407
5 years$13,948$13,282$12,650$12,050$11,481$10,810
6 years$11,507$10,846$10,223$9,637$9,085$8,440
7 years$9,764$9,108$8,495$7,923$7,388$6,770
8 years$8,457$7,808$7,205$6,646$6,129$5,537
9 years$7,441$6,798$6,206$5,661$5,162$4,596
10 years$6,629$5,992$5,410$4,880$4,398$3,858
11 years$5,965$5,334$4,763$4,247$3,782$3,268
12 years$5,412$4,788$4,227$3,725$3,278$2,788
13 years$4,945$4,327$3,777$3,289$2,858$2,393
14 years$4,544$3,933$3,393$2,919$2,506$2,064
15 years$4,197$3,593$3,064$2,604$2,206$1,787
16 years$3,894$3,296$2,778$2,331$1,950$1,553
17 years$3,627$3,036$2,528$2,095$1,729$1,353
18 years$3,390$2,805$2,307$1,888$1,537$1,183
19 years$3,178$2,600$2,112$1,706$1,370$1,035
20 years$2,987$2,416$1,939$1,545$1,224$908
21 years$2,815$2,250$1,783$1,402$1,095$798
22 years$2,659$2,101$1,643$1,275$982$702
23 years$2,516$1,965$1,517$1,161$881$619
24 years$2,386$1,841$1,403$1,059$792$546
25 years$2,266$1,727$1,300$967$713$482
26 years$2,156$1,624$1,205$884$642$425
27 years$2,054$1,528$1,119$809$579$376
28 years$1,959$1,440$1,041$742$522$333
29 years$1,871$1,358$968$680$472$295
30 years$1,789$1,283$902$624$426$261
31 years$1,713$1,213$841$573$385$231
32 years$1,641$1,147$785$527$348$205
33 years$1,574$1,087$733$484$315$182
34 years$1,511$1,030$684$446$286$161
35 years$1,452$977$640$410$259$143
36 years$1,396$927$599$378$234$127
37 years$1,343$881$560$348$212$112
38 years$1,294$837$525$321$193$100
39 years$1,246$796$492$296$175$89
40 years$1,202$757$461$273$158$79
41 years$1,159$721$432$252$144$70
42 years$1,119$686$405$232$130$62
43 years$1,081$654$380$214$118$55
44 years$1,044$623$357$198$107$49
45 years$1,010$594$335$183$97$43
46 years$977$567$315$169$89$39
47 years$945$541$296$156$80$34
48 years$915$517$278$144$73$30
49 years$886$493$261$133$66$27
50 years$858$471$246$123$60$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $879,000, adding $5,356 every year, while hoping to spend $30,367 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: 52/26/22 Blend
67$879,000$879,000$879,000$879,000
68$974,183$927,596$913,971$1,018,644
69$1,041,239$940,738$912,279$1,063,037
70$1,114,117$953,506$909,512$1,107,727
71$1,193,380$965,850$905,603$1,155,702
72$1,279,644$977,716$900,480$1,207,285
73$1,373,589$989,046$894,068$1,262,834
74$1,475,966$999,779$886,290$1,322,743
75$1,587,596$1,009,850$877,062$1,387,447
76$1,709,386$1,019,188$866,299$1,457,427
77$1,842,334$1,027,719$853,911$1,533,214
78$1,987,539$1,035,364$839,804$1,615,395
79$2,146,209$1,042,038$823,878$1,704,617
80$2,319,676$1,047,652$806,032$1,801,595
81$2,509,405$1,052,108$786,156$1,907,119
82$2,717,009$1,055,307$764,137$2,022,058
83$2,944,266$1,057,139$739,857$2,147,376
84$3,193,132$1,057,489$713,193$2,284,134
85$3,465,761$1,056,236$684,016$2,433,504
86$3,764,528$1,053,250$652,189$2,596,781
87$4,092,043$1,048,394$617,571$2,775,391
88$4,451,187$1,041,520$580,015$2,970,911
89$4,845,129$1,032,475$539,366$3,185,081
90$5,277,360$1,021,095$495,463$3,419,819
91$5,751,727$1,007,205$448,137$3,677,244
92$6,272,466$990,620$397,212$3,959,693
93$6,844,243$971,146$342,504$4,269,746
94$7,472,198$948,575$283,821$4,610,247
95$8,161,996$922,688$220,962$4,984,338
96$8,919,873$893,253$153,718$5,395,481
97$9,752,702$860,025$81,869$5,847,499
98$10,668,054$822,743$5,189$6,344,606
99$11,674,271$781,132$0$6,891,455
100$12,780,540$734,902$0$7,511,165