Can I retire at age 68 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$72,917$72,268$71,634$71,016$70,412$68,543
2 years$36,098$35,425$34,774$34,142$33,529$31,659
3 years$23,826$23,151$22,501$21,875$21,272$19,460
4 years$17,691$17,018$16,375$15,760$15,172$13,431
5 years$14,012$13,343$12,708$12,105$11,533$9,869
6 years$11,559$10,895$10,270$9,681$9,126$7,539
7 years$9,808$9,150$8,534$7,959$7,422$5,913
8 years$8,496$7,843$7,238$6,677$6,157$4,726
9 years$7,475$6,829$6,234$5,687$5,185$3,830
10 years$6,659$6,019$5,435$4,902$4,418$3,137
11 years$5,992$5,359$4,785$4,266$3,800$2,591
12 years$5,437$4,810$4,246$3,742$3,293$2,154
13 years$4,967$4,346$3,794$3,304$2,871$1,800
14 years$4,565$3,951$3,409$2,933$2,517$1,511
15 years$4,216$3,609$3,078$2,615$2,216$1,273
16 years$3,912$3,311$2,790$2,342$1,959$1,076
17 years$3,644$3,050$2,539$2,104$1,737$911
18 years$3,405$2,818$2,318$1,896$1,544$773
19 years$3,192$2,612$2,122$1,713$1,376$657
20 years$3,001$2,427$1,947$1,552$1,229$560
21 years$2,828$2,261$1,791$1,408$1,100$477
22 years$2,671$2,110$1,651$1,281$986$407
23 years$2,528$1,974$1,524$1,166$885$348
24 years$2,397$1,849$1,410$1,064$796$297
25 years$2,277$1,735$1,306$971$716$254
26 years$2,166$1,631$1,211$888$645$217
27 years$2,063$1,535$1,124$813$581$186
28 years$1,968$1,446$1,045$745$525$159
29 years$1,880$1,364$973$683$474$137
30 years$1,797$1,289$906$627$428$117
31 years$1,721$1,218$845$576$387$100
32 years$1,649$1,153$788$529$350$86
33 years$1,581$1,092$736$487$317$74
34 years$1,518$1,034$688$448$287$63
35 years$1,459$981$643$412$260$54
36 years$1,402$931$601$380$235$47
37 years$1,349$885$563$350$213$40
38 years$1,299$841$527$322$193$34
39 years$1,252$799$494$297$175$29
40 years$1,207$761$463$274$159$25
41 years$1,165$724$434$253$144$22
42 years$1,124$689$407$233$131$19
43 years$1,086$657$382$215$119$16
44 years$1,049$626$359$199$108$14
45 years$1,014$597$337$184$98$12
46 years$981$570$316$170$89$10
47 years$949$544$297$157$81$9
48 years$919$519$279$145$73$7
49 years$890$496$262$134$67$6
50 years$862$473$247$124$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $883,000, adding $6,316 every year, while hoping to spend $24,347 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: 55/40/5 Blend
67$883,000$883,000$883,000$883,000
68$979,581$932,782$919,095$1,032,109
69$1,053,593$952,583$923,980$1,088,038
70$1,134,339$972,539$928,212$1,145,633
71$1,222,478$992,630$931,745$1,207,733
72$1,318,740$1,012,838$934,527$1,274,767
73$1,423,925$1,033,141$936,507$1,347,210
74$1,538,915$1,053,515$937,630$1,425,584
75$1,664,681$1,073,934$937,837$1,510,463
76$1,802,293$1,094,370$937,069$1,602,481
77$1,952,927$1,114,794$935,261$1,702,335
78$2,117,880$1,135,173$932,346$1,810,794
79$2,298,579$1,155,472$928,255$1,928,706
80$2,496,597$1,175,653$922,915$2,057,002
81$2,713,664$1,195,675$916,247$2,196,713
82$2,951,689$1,215,494$908,173$2,348,970
83$3,212,771$1,235,064$898,606$2,515,023
84$3,499,224$1,254,332$887,460$2,696,249
85$3,813,596$1,273,245$874,640$2,894,163
86$4,158,693$1,291,744$860,051$3,110,439
87$4,537,608$1,309,768$843,591$3,346,918
88$4,953,746$1,327,248$825,153$3,605,632
89$5,410,858$1,344,114$804,627$3,888,818
90$5,913,080$1,360,289$781,895$4,198,944
91$6,464,962$1,375,692$756,837$4,538,729
92$7,071,522$1,390,235$729,325$4,911,171
93$7,738,286$1,403,825$699,226$5,319,572
94$8,471,343$1,416,364$666,401$5,767,576
95$9,277,399$1,427,745$630,705$6,259,194
96$10,163,845$1,437,856$591,985$6,798,852
97$11,138,823$1,446,577$550,083$7,391,427
98$12,211,305$1,453,781$504,832$8,042,293
99$13,391,174$1,459,332$456,060$8,757,375
100$14,689,320$1,463,086$403,585$9,543,206