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%16.8%
1 years$72,587$71,940$71,310$70,694$70,093$68,150
2 years$35,934$35,265$34,616$33,987$33,377$31,434
3 years$23,718$23,046$22,399$21,776$21,176$19,294
4 years$17,611$16,941$16,301$15,688$15,103$13,296
5 years$13,948$13,282$12,650$12,050$11,481$9,754
6 years$11,507$10,846$10,223$9,637$9,085$7,439
7 years$9,764$9,108$8,495$7,923$7,388$5,825
8 years$8,457$7,808$7,205$6,646$6,129$4,647
9 years$7,441$6,798$6,206$5,661$5,162$3,759
10 years$6,629$5,992$5,410$4,880$4,398$3,073
11 years$5,965$5,334$4,763$4,247$3,782$2,533
12 years$5,412$4,788$4,227$3,725$3,278$2,102
13 years$4,945$4,327$3,777$3,289$2,858$1,753
14 years$4,544$3,933$3,393$2,919$2,506$1,469
15 years$4,197$3,593$3,064$2,604$2,206$1,235
16 years$3,894$3,296$2,778$2,331$1,950$1,041
17 years$3,627$3,036$2,528$2,095$1,729$880
18 years$3,390$2,805$2,307$1,888$1,537$745
19 years$3,178$2,600$2,112$1,706$1,370$632
20 years$2,987$2,416$1,939$1,545$1,224$537
21 years$2,815$2,250$1,783$1,402$1,095$457
22 years$2,659$2,101$1,643$1,275$982$389
23 years$2,516$1,965$1,517$1,161$881$331
24 years$2,386$1,841$1,403$1,059$792$282
25 years$2,266$1,727$1,300$967$713$241
26 years$2,156$1,624$1,205$884$642$206
27 years$2,054$1,528$1,119$809$579$176
28 years$1,959$1,440$1,041$742$522$150
29 years$1,871$1,358$968$680$472$128
30 years$1,789$1,283$902$624$426$110
31 years$1,713$1,213$841$573$385$94
32 years$1,641$1,147$785$527$348$80
33 years$1,574$1,087$733$484$315$69
34 years$1,511$1,030$684$446$286$59
35 years$1,452$977$640$410$259$50
36 years$1,396$927$599$378$234$43
37 years$1,343$881$560$348$212$37
38 years$1,294$837$525$321$193$31
39 years$1,246$796$492$296$175$27
40 years$1,202$757$461$273$158$23
41 years$1,159$721$432$252$144$20
42 years$1,119$686$405$232$130$17
43 years$1,081$654$380$214$118$14
44 years$1,044$623$357$198$107$12
45 years$1,010$594$335$183$97$11
46 years$977$567$315$169$89$9
47 years$945$541$296$156$80$8
48 years$915$517$278$144$73$7
49 years$886$493$261$133$66$6
50 years$858$471$246$123$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $879,000, adding $4,147 every year, while hoping to spend $43,519 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: 38/38/24 Blend
67$879,000$879,000$879,000$879,000
68$972,936$926,349$912,724$1,002,800
69$1,025,871$925,436$896,997$1,024,011
70$1,082,748$923,020$879,283$1,042,568
71$1,143,921$918,981$859,472$1,061,759
72$1,209,782$913,192$837,446$1,081,670
73$1,280,760$905,519$813,081$1,102,395
74$1,357,327$895,818$786,248$1,124,043
75$1,440,000$883,939$756,813$1,146,739
76$1,529,349$869,721$724,635$1,170,621
77$1,625,999$852,994$689,567$1,195,847
78$1,730,639$833,578$651,455$1,222,595
79$1,844,023$811,283$610,138$1,251,066
80$1,966,984$785,906$565,448$1,281,487
81$2,100,435$757,234$517,210$1,314,110
82$2,245,381$725,041$465,239$1,349,223
83$2,402,930$689,088$409,344$1,387,145
84$2,574,297$649,121$349,325$1,428,235
85$2,760,821$604,874$284,973$1,472,896
86$2,963,974$556,062$216,069$1,521,577
87$3,185,378$502,388$142,386$1,574,782
88$3,426,816$443,535$63,685$1,633,072
89$3,690,252$379,168$0$1,697,076
90$3,977,845$308,935$0$1,772,692
91$4,291,976$232,464$0$1,873,243
92$4,635,263$149,359$0$1,983,343
93$5,010,588$59,206$0$2,104,034
94$5,421,125$0$0$2,236,468
95$5,870,371$0$0$2,397,997
96$6,362,173$0$0$2,602,045
97$6,900,768$0$0$2,825,628
98$7,490,825$0$0$3,070,700
99$8,137,482$0$0$3,339,410
100$8,846,400$0$0$3,634,127