Can I retire at age 68 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$73,000$72,350$71,715$71,096$70,491$68,843
2 years$36,139$35,466$34,813$34,181$33,567$31,916
3 years$23,853$23,177$22,526$21,900$21,296$19,694
4 years$17,712$17,038$16,393$15,778$15,189$13,647
5 years$14,028$13,358$12,722$12,119$11,546$10,070
6 years$11,572$10,908$10,281$9,691$9,136$7,727
7 years$9,819$9,160$8,544$7,968$7,430$6,088
8 years$8,505$7,852$7,246$6,684$6,164$4,888
9 years$7,484$6,837$6,241$5,693$5,191$3,980
10 years$6,667$6,026$5,441$4,908$4,423$3,277
11 years$5,999$5,365$4,790$4,271$3,804$2,720
12 years$5,443$4,815$4,251$3,746$3,296$2,273
13 years$4,973$4,351$3,798$3,308$2,875$1,910
14 years$4,570$3,955$3,413$2,936$2,520$1,612
15 years$4,221$3,613$3,081$2,618$2,219$1,366
16 years$3,916$3,315$2,793$2,345$1,961$1,161
17 years$3,648$3,053$2,542$2,107$1,739$989
18 years$3,409$2,821$2,320$1,898$1,546$844
19 years$3,196$2,615$2,124$1,715$1,378$722
20 years$3,004$2,430$1,950$1,554$1,231$618
21 years$2,831$2,263$1,793$1,410$1,101$530
22 years$2,674$2,113$1,653$1,282$987$455
23 years$2,531$1,976$1,526$1,168$886$391
24 years$2,400$1,851$1,411$1,065$797$337
25 years$2,279$1,737$1,307$973$717$290
26 years$2,168$1,633$1,212$889$646$249
27 years$2,065$1,537$1,126$814$582$215
28 years$1,970$1,448$1,047$746$525$185
29 years$1,882$1,366$974$684$474$160
30 years$1,799$1,290$907$628$429$138
31 years$1,723$1,219$846$576$387$119
32 years$1,651$1,154$789$530$350$103
33 years$1,583$1,093$737$487$317$89
34 years$1,520$1,036$688$448$287$76
35 years$1,460$982$644$413$260$66
36 years$1,404$932$602$380$236$57
37 years$1,351$886$563$350$214$49
38 years$1,301$842$528$323$194$43
39 years$1,253$800$494$298$176$37
40 years$1,209$761$463$274$159$32
41 years$1,166$725$435$253$144$27
42 years$1,125$690$408$234$131$24
43 years$1,087$658$382$216$119$20
44 years$1,050$627$359$199$108$18
45 years$1,015$598$337$184$98$15
46 years$982$570$317$170$89$13
47 years$950$544$297$157$81$11
48 years$920$520$280$145$73$10
49 years$891$496$263$134$67$9
50 years$863$474$247$124$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $884,000, adding $6,978 every year, while hoping to spend $25,330 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: 49/36/15 Blend
67$884,000$884,000$884,000$884,000
68$981,366$934,514$920,812$1,025,054
69$1,054,514$953,354$924,708$1,074,752
70$1,134,275$972,269$927,886$1,125,518
71$1,221,295$991,234$930,295$1,180,107
72$1,316,288$1,010,226$931,881$1,238,885
73$1,420,039$1,029,216$932,588$1,302,257
74$1,533,412$1,048,176$932,358$1,370,670
75$1,657,357$1,067,074$931,129$1,444,616
76$1,792,921$1,085,875$928,836$1,524,637
77$1,941,259$1,104,542$925,412$1,611,331
78$2,103,639$1,123,036$920,785$1,705,359
79$2,281,459$1,141,314$914,880$1,807,447
80$2,476,260$1,159,330$907,620$1,918,398
81$2,689,736$1,177,035$898,923$2,039,095
82$2,923,755$1,194,376$888,703$2,170,514
83$3,180,373$1,211,295$876,870$2,313,730
84$3,461,856$1,227,733$863,329$2,469,929
85$3,770,698$1,243,625$847,984$2,640,418
86$4,109,647$1,258,901$830,730$2,826,640
87$4,481,732$1,273,488$811,459$3,030,183
88$4,890,285$1,287,305$790,060$3,252,802
89$5,338,980$1,300,269$766,413$3,496,430
90$5,831,863$1,312,290$740,395$3,763,197
91$6,373,392$1,323,271$711,877$4,055,457
92$6,968,478$1,333,111$680,725$4,375,800
93$7,622,530$1,341,700$646,796$4,727,084
94$8,341,508$1,348,924$609,944$5,112,463
95$9,131,978$1,354,658$570,014$5,535,410
96$10,001,175$1,358,771$526,844$5,999,758
97$10,957,069$1,361,124$480,267$6,509,732
98$12,008,441$1,361,570$430,107$7,069,991
99$13,164,965$1,359,951$376,179$7,685,671
100$14,437,303$1,356,100$318,293$8,362,436