Can I retire at age 68 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$72,835$72,186$71,553$70,935$70,332$68,632
2 years$36,057$35,385$34,734$34,103$33,491$31,789
3 years$23,799$23,125$22,475$21,850$21,248$19,596
4 years$17,671$16,999$16,356$15,742$15,154$13,566
5 years$13,996$13,327$12,693$12,091$11,520$9,999
6 years$11,546$10,883$10,258$9,670$9,116$7,664
7 years$9,797$9,139$8,524$7,950$7,413$6,032
8 years$8,486$7,834$7,229$6,669$6,150$4,837
9 years$7,467$6,821$6,227$5,680$5,179$3,934
10 years$6,652$6,012$5,429$4,897$4,413$3,235
11 years$5,985$5,353$4,779$4,262$3,795$2,682
12 years$5,431$4,804$4,241$3,738$3,289$2,238
13 years$4,961$4,342$3,789$3,300$2,868$1,879
14 years$4,560$3,946$3,405$2,929$2,514$1,583
15 years$4,212$3,605$3,074$2,613$2,214$1,340
16 years$3,908$3,308$2,787$2,339$1,956$1,137
17 years$3,640$3,046$2,536$2,102$1,735$967
18 years$3,402$2,815$2,315$1,894$1,542$824
19 years$3,189$2,609$2,119$1,711$1,375$704
20 years$2,998$2,424$1,945$1,550$1,228$602
21 years$2,825$2,258$1,789$1,407$1,099$515
22 years$2,668$2,108$1,649$1,279$985$442
23 years$2,525$1,971$1,523$1,165$884$379
24 years$2,394$1,847$1,408$1,062$795$326
25 years$2,274$1,733$1,304$970$715$280
26 years$2,163$1,629$1,210$887$644$241
27 years$2,061$1,533$1,123$812$581$207
28 years$1,966$1,445$1,044$744$524$178
29 years$1,878$1,363$972$682$473$153
30 years$1,795$1,287$905$626$428$132
31 years$1,719$1,217$844$575$387$114
32 years$1,647$1,151$787$529$350$98
33 years$1,580$1,090$735$486$316$84
34 years$1,516$1,033$687$447$287$73
35 years$1,457$980$642$412$260$63
36 years$1,401$930$601$379$235$54
37 years$1,348$884$562$349$213$47
38 years$1,298$840$526$322$193$40
39 years$1,251$798$493$297$175$35
40 years$1,206$760$462$274$159$30
41 years$1,163$723$434$253$144$26
42 years$1,123$689$407$233$131$22
43 years$1,085$656$382$215$119$19
44 years$1,048$625$358$199$108$17
45 years$1,013$596$336$184$98$14
46 years$980$569$316$170$89$12
47 years$948$543$297$157$81$11
48 years$918$518$279$145$73$9
49 years$889$495$262$134$67$8
50 years$861$473$246$124$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $882,000, adding $6,127 every year, while hoping to spend $24,977 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: 68/22/10 Blend
67$882,000$882,000$882,000$882,000
68$978,284$931,538$917,867$1,042,401
69$1,051,494$950,608$922,040$1,104,840
70$1,131,334$969,775$925,516$1,169,522
71$1,218,454$989,018$928,245$1,239,601
72$1,313,569$1,008,314$930,175$1,315,604
73$1,417,468$1,027,636$931,250$1,398,108
74$1,531,017$1,046,957$931,414$1,487,752
75$1,655,170$1,066,247$930,605$1,585,237
76$1,790,978$1,085,474$928,762$1,691,337
77$1,939,599$1,104,603$925,816$1,806,905
78$2,102,306$1,123,597$921,699$1,932,878
79$2,280,502$1,142,415$916,338$2,070,293
80$2,475,734$1,161,013$909,655$2,220,288
81$2,689,701$1,179,345$901,571$2,384,120
82$2,924,278$1,197,361$892,001$2,563,173
83$3,181,530$1,215,006$880,858$2,758,972
84$3,463,728$1,232,225$868,050$2,973,198
85$3,773,378$1,248,953$853,479$3,207,704
86$4,113,238$1,265,127$837,046$3,464,530
87$4,486,345$1,280,675$818,643$3,745,926
88$4,896,045$1,295,521$798,161$4,054,371
89$5,346,026$1,309,586$775,484$4,392,597
90$5,840,349$1,322,784$750,491$4,763,615
91$6,383,487$1,335,022$723,054$5,170,744
92$6,980,369$1,346,205$693,043$5,617,640
93$7,636,424$1,356,226$660,317$6,108,335
94$8,357,635$1,364,977$624,734$6,647,270
95$9,150,591$1,372,339$586,140$7,239,342
96$10,022,554$1,378,186$544,378$7,889,947
97$10,981,524$1,382,386$499,284$8,605,030
98$12,036,313$1,384,797$450,684$9,391,147
99$13,196,633$1,385,268$398,398$10,255,522
100$14,473,184$1,383,640$342,238$11,206,115