Can I retire at age 68 with 883,000?

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 $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%15%
1 years$72,917$72,268$71,634$71,016$70,412$68,962
2 years$36,098$35,425$34,774$34,142$33,529$32,075
3 years$23,826$23,151$22,501$21,875$21,272$19,859
4 years$17,691$17,018$16,375$15,760$15,172$13,811
5 years$14,012$13,343$12,708$12,105$11,533$10,228
6 years$11,559$10,895$10,270$9,681$9,126$7,878
7 years$9,808$9,150$8,534$7,959$7,422$6,231
8 years$8,496$7,843$7,238$6,677$6,157$5,024
9 years$7,475$6,829$6,234$5,687$5,185$4,108
10 years$6,659$6,019$5,435$4,902$4,418$3,397
11 years$5,992$5,359$4,785$4,266$3,800$2,832
12 years$5,437$4,810$4,246$3,742$3,293$2,378
13 years$4,967$4,346$3,794$3,304$2,871$2,008
14 years$4,565$3,951$3,409$2,933$2,517$1,703
15 years$4,216$3,609$3,078$2,615$2,216$1,449
16 years$3,912$3,311$2,790$2,342$1,959$1,238
17 years$3,644$3,050$2,539$2,104$1,737$1,060
18 years$3,405$2,818$2,318$1,896$1,544$909
19 years$3,192$2,612$2,122$1,713$1,376$782
20 years$3,001$2,427$1,947$1,552$1,229$673
21 years$2,828$2,261$1,791$1,408$1,100$580
22 years$2,671$2,110$1,651$1,281$986$501
23 years$2,528$1,974$1,524$1,166$885$433
24 years$2,397$1,849$1,410$1,064$796$374
25 years$2,277$1,735$1,306$971$716$324
26 years$2,166$1,631$1,211$888$645$281
27 years$2,063$1,535$1,124$813$581$243
28 years$1,968$1,446$1,045$745$525$211
29 years$1,880$1,364$973$683$474$183
30 years$1,797$1,289$906$627$428$159
31 years$1,721$1,218$845$576$387$138
32 years$1,649$1,153$788$529$350$119
33 years$1,581$1,092$736$487$317$104
34 years$1,518$1,034$688$448$287$90
35 years$1,459$981$643$412$260$78
36 years$1,402$931$601$380$235$68
37 years$1,349$885$563$350$213$59
38 years$1,299$841$527$322$193$51
39 years$1,252$799$494$297$175$45
40 years$1,207$761$463$274$159$39
41 years$1,165$724$434$253$144$34
42 years$1,124$689$407$233$131$29
43 years$1,086$657$382$215$119$25
44 years$1,049$626$359$199$108$22
45 years$1,014$597$337$184$98$19
46 years$981$570$316$170$89$17
47 years$949$544$297$157$81$15
48 years$919$519$279$145$73$13
49 years$890$496$262$134$67$11
50 years$862$473$247$124$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $883,000, adding $3,201 every year, while hoping to spend $42,338 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: 34/46/20 Blend
67$883,000$883,000$883,000$883,000
68$976,368$929,569$915,882$1,003,481
69$1,030,910$930,070$901,517$1,024,281
70$1,089,597$929,178$885,252$1,042,567
71$1,152,805$926,777$866,978$1,061,408
72$1,220,952$922,750$846,582$1,080,878
73$1,294,492$916,967$823,945$1,101,063
74$1,373,926$909,295$798,943$1,122,058
75$1,459,806$899,590$771,448$1,143,975
76$1,552,737$887,700$741,321$1,166,939
77$1,653,383$873,465$708,423$1,191,092
78$1,762,477$856,713$672,604$1,216,597
79$1,880,822$837,265$633,708$1,243,634
80$2,009,304$814,928$591,575$1,272,410
81$2,148,895$789,502$546,035$1,303,157
82$2,300,665$760,770$496,910$1,336,136
83$2,465,792$728,508$444,016$1,371,640
84$2,645,572$692,473$387,160$1,410,000
85$2,841,430$652,414$326,139$1,451,585
86$3,054,935$608,061$260,743$1,496,811
87$3,287,812$559,131$190,753$1,546,141
88$3,541,964$505,323$115,938$1,600,097
89$3,819,481$446,320$36,059$1,659,258
90$4,122,666$381,788$0$1,724,275
91$4,454,055$311,372$0$1,806,370
92$4,816,438$234,699$0$1,904,749
93$5,212,888$151,372$0$2,012,669
94$5,646,789$60,976$0$2,131,196
95$6,121,866$0$0$2,261,514
96$6,642,224$0$0$2,423,629
97$7,212,379$0$0$2,635,205
98$7,837,309$0$0$2,867,239
99$8,522,494$0$0$3,121,783
100$9,273,969$0$0$3,401,096