Can I retire at age 68 with 881,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$72,752$72,104$71,472$70,855$70,252$69,576
2 years$36,016$35,345$34,695$34,065$33,453$32,773
3 years$23,772$23,098$22,450$21,826$21,224$20,560
4 years$17,651$16,980$16,338$15,724$15,137$14,494
5 years$13,980$13,312$12,679$12,078$11,507$10,887
6 years$11,533$10,871$10,246$9,659$9,105$8,509
7 years$9,786$9,129$8,515$7,941$7,405$6,833
8 years$8,476$7,825$7,221$6,661$6,143$5,595
9 years$7,458$6,813$6,220$5,674$5,173$4,649
10 years$6,644$6,006$5,422$4,891$4,408$3,908
11 years$5,979$5,346$4,774$4,257$3,791$3,314
12 years$5,424$4,799$4,237$3,734$3,285$2,831
13 years$4,956$4,337$3,785$3,296$2,865$2,433
14 years$4,554$3,942$3,401$2,926$2,511$2,101
15 years$4,207$3,601$3,071$2,610$2,211$1,822
16 years$3,903$3,304$2,784$2,337$1,954$1,585
17 years$3,635$3,043$2,533$2,099$1,733$1,384
18 years$3,398$2,812$2,313$1,892$1,541$1,211
19 years$3,185$2,606$2,117$1,710$1,373$1,062
20 years$2,994$2,421$1,943$1,548$1,227$933
21 years$2,822$2,255$1,787$1,405$1,098$821
22 years$2,665$2,105$1,647$1,278$984$723
23 years$2,522$1,969$1,521$1,164$883$638
24 years$2,391$1,845$1,406$1,061$794$564
25 years$2,271$1,731$1,303$969$714$498
26 years$2,161$1,627$1,208$886$643$441
27 years$2,058$1,531$1,122$811$580$390
28 years$1,964$1,443$1,043$743$523$346
29 years$1,875$1,361$971$682$473$307
30 years$1,793$1,286$904$625$427$272
31 years$1,717$1,215$843$574$386$241
32 years$1,645$1,150$786$528$349$214
33 years$1,578$1,089$734$485$316$190
34 years$1,515$1,032$686$447$286$169
35 years$1,455$979$641$411$259$150
36 years$1,399$929$600$379$235$133
37 years$1,346$883$562$349$213$119
38 years$1,296$839$526$322$193$106
39 years$1,249$798$493$297$175$94
40 years$1,204$759$462$274$159$83
41 years$1,162$722$433$252$144$74
42 years$1,122$688$406$233$131$66
43 years$1,083$655$381$215$119$59
44 years$1,047$625$358$199$108$52
45 years$1,012$596$336$183$98$47
46 years$979$568$316$169$89$41
47 years$947$542$296$156$81$37
48 years$917$518$279$145$73$33
49 years$888$494$262$134$66$29
50 years$860$472$246$123$60$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $881,000, adding $2,140 every year, while hoping to spend $37,011 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: 63/30/7 Blend
67$881,000$881,000$881,000$881,000
68$973,069$926,376$912,721$1,032,945
69$1,032,943$932,389$903,918$1,079,150
70$1,097,683$937,457$893,579$1,125,044
71$1,167,748$941,493$881,615$1,174,195
72$1,243,639$944,407$867,929$1,226,918
73$1,325,909$946,102$852,424$1,283,557
74$1,415,167$946,476$834,996$1,344,496
75$1,512,081$945,420$815,535$1,410,157
76$1,617,385$942,818$793,927$1,481,005
77$1,731,890$938,547$770,055$1,557,556
78$1,856,484$932,477$743,793$1,640,376
79$1,992,147$924,470$715,012$1,730,092
80$2,139,956$914,379$683,575$1,827,398
81$2,301,097$902,049$649,340$1,933,056
82$2,476,874$887,315$612,159$2,047,911
83$2,668,724$870,003$571,875$2,172,893
84$2,878,229$849,927$528,327$2,309,031
85$3,107,127$826,892$481,345$2,457,459
86$3,357,335$800,692$430,751$2,619,428
87$3,630,963$771,105$376,361$2,796,323
88$3,930,334$737,902$317,982$2,989,667
89$4,258,004$700,835$255,410$3,201,145
90$4,616,789$659,645$188,435$3,432,616
91$5,009,792$614,058$116,838$3,686,129
92$5,440,427$563,782$40,388$3,963,949
93$5,912,455$508,512$0$4,268,572
94$6,430,018$447,923$0$4,605,832
95$6,997,680$381,671$0$4,979,111
96$7,620,465$309,394$0$5,388,766
97$8,303,908$230,710$0$5,838,517
98$9,054,106$145,215$0$6,332,470
99$9,877,776$52,481$0$6,875,155
100$10,782,314$0$0$7,471,565