Can I retire at age 68 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$72,670$72,022$71,391$70,774$70,172$68,393
2 years$35,975$35,305$34,656$34,026$33,415$31,634
3 years$23,745$23,072$22,425$21,801$21,200$19,473
4 years$17,631$16,961$16,319$15,706$15,120$13,460
5 years$13,964$13,297$12,664$12,064$11,494$9,906
6 years$11,520$10,858$10,235$9,648$9,095$7,580
7 years$9,775$9,119$8,505$7,932$7,397$5,955
8 years$8,467$7,816$7,213$6,654$6,136$4,768
9 years$7,450$6,806$6,213$5,668$5,168$3,871
10 years$6,637$5,999$5,416$4,886$4,403$3,176
11 years$5,972$5,340$4,768$4,252$3,787$2,629
12 years$5,418$4,793$4,232$3,729$3,281$2,190
13 years$4,950$4,332$3,781$3,293$2,862$1,834
14 years$4,549$3,937$3,397$2,923$2,508$1,543
15 years$4,202$3,597$3,067$2,607$2,209$1,302
16 years$3,899$3,300$2,781$2,334$1,952$1,103
17 years$3,631$3,039$2,530$2,097$1,731$936
18 years$3,394$2,808$2,310$1,890$1,539$796
19 years$3,182$2,603$2,115$1,708$1,372$678
20 years$2,991$2,419$1,941$1,547$1,225$579
21 years$2,818$2,253$1,785$1,404$1,096$494
22 years$2,662$2,103$1,645$1,276$983$423
23 years$2,519$1,967$1,519$1,162$882$362
24 years$2,389$1,843$1,405$1,060$793$310
25 years$2,269$1,729$1,301$968$714$266
26 years$2,158$1,625$1,207$885$643$228
27 years$2,056$1,530$1,121$810$579$196
28 years$1,961$1,441$1,042$742$523$168
29 years$1,873$1,360$969$681$472$144
30 years$1,791$1,284$903$625$427$124
31 years$1,715$1,214$842$574$386$106
32 years$1,643$1,149$785$527$349$92
33 years$1,576$1,088$733$485$316$79
34 years$1,513$1,031$685$446$286$68
35 years$1,454$978$641$411$259$58
36 years$1,398$928$599$378$235$50
37 years$1,345$882$561$349$213$43
38 years$1,295$838$525$321$193$37
39 years$1,248$797$492$296$175$32
40 years$1,203$758$461$273$159$27
41 years$1,161$721$433$252$144$24
42 years$1,120$687$406$233$131$20
43 years$1,082$655$381$215$118$17
44 years$1,046$624$357$198$108$15
45 years$1,011$595$336$183$98$13
46 years$978$568$315$169$89$11
47 years$946$542$296$156$80$10
48 years$916$517$278$144$73$8
49 years$887$494$262$133$66$7
50 years$859$472$246$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $880,000, adding $2,028 every year, while hoping to spend $36,740 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: 68/10/22 Blend
67$880,000$880,000$880,000$880,000
68$971,852$925,212$911,572$1,032,415
69$1,031,890$931,456$903,018$1,079,477
70$1,096,820$936,775$892,947$1,126,502
71$1,167,103$941,084$881,268$1,177,069
72$1,243,245$944,295$867,888$1,231,528
73$1,325,802$946,311$852,708$1,290,263
74$1,415,385$947,032$835,626$1,353,699
75$1,512,668$946,351$816,533$1,422,304
76$1,618,391$944,152$795,317$1,496,595
77$1,733,368$940,317$771,861$1,577,143
78$1,858,494$934,715$746,041$1,664,578
79$1,994,755$927,210$717,728$1,759,595
80$2,143,236$917,659$686,788$1,862,961
81$2,305,129$905,908$653,079$1,975,522
82$2,481,749$891,795$616,454$2,098,212
83$2,674,542$875,147$576,760$2,232,062
84$2,885,099$855,783$533,834$2,378,208
85$3,115,171$833,509$487,510$2,537,906
86$3,366,689$808,121$437,612$2,712,540
87$3,641,775$779,402$383,956$2,903,636
88$3,942,768$747,125$326,350$3,112,880
89$4,272,242$711,046$264,595$3,342,131
90$4,633,033$670,910$198,481$3,593,437
91$5,028,263$626,445$127,791$3,869,062
92$5,461,371$577,365$52,296$4,171,501
93$5,936,142$523,367$0$4,503,505
94$6,456,748$464,132$0$4,874,745
95$7,027,782$399,320$0$5,295,467
96$7,654,303$328,574$0$5,757,134
97$8,341,885$251,517$0$6,263,882
98$9,096,665$167,750$0$6,820,270
99$9,925,407$76,851$0$7,431,319
100$10,835,558$0$0$8,102,565