Can I retire at age 68 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$73,082$72,431$71,796$71,176$70,571$68,615
2 years$36,179$35,506$34,853$34,219$33,605$31,649
3 years$23,880$23,203$22,552$21,925$21,321$19,425
4 years$17,732$17,057$16,412$15,796$15,206$13,387
5 years$14,043$13,373$12,736$12,132$11,559$9,821
6 years$11,585$10,920$10,293$9,702$9,147$7,490
7 years$9,830$9,171$8,553$7,977$7,439$5,865
8 years$8,515$7,861$7,254$6,692$6,171$4,679
9 years$7,492$6,844$6,248$5,700$5,197$3,785
10 years$6,674$6,033$5,447$4,913$4,428$3,094
11 years$6,006$5,371$4,795$4,276$3,808$2,551
12 years$5,449$4,820$4,256$3,751$3,300$2,117
13 years$4,978$4,356$3,802$3,311$2,878$1,765
14 years$4,575$3,960$3,416$2,939$2,523$1,479
15 years$4,226$3,617$3,085$2,621$2,221$1,243
16 years$3,921$3,319$2,797$2,347$1,963$1,048
17 years$3,652$3,057$2,545$2,109$1,741$886
18 years$3,413$2,824$2,323$1,901$1,548$750
19 years$3,200$2,618$2,127$1,717$1,379$636
20 years$3,008$2,432$1,952$1,555$1,232$540
21 years$2,834$2,266$1,795$1,412$1,103$460
22 years$2,677$2,115$1,655$1,283$988$391
23 years$2,534$1,978$1,528$1,169$887$333
24 years$2,402$1,853$1,413$1,066$797$284
25 years$2,282$1,739$1,309$974$718$242
26 years$2,170$1,635$1,214$890$646$207
27 years$2,068$1,538$1,127$815$583$177
28 years$1,972$1,450$1,048$747$526$151
29 years$1,884$1,368$975$685$475$129
30 years$1,801$1,291$908$628$429$110
31 years$1,724$1,221$847$577$388$94
32 years$1,652$1,155$790$530$351$81
33 years$1,585$1,094$738$488$318$69
34 years$1,521$1,037$689$449$287$59
35 years$1,462$983$644$413$260$50
36 years$1,406$933$603$380$236$43
37 years$1,353$887$564$351$214$37
38 years$1,302$843$528$323$194$32
39 years$1,255$801$495$298$176$27
40 years$1,210$762$464$275$159$23
41 years$1,167$726$435$253$145$20
42 years$1,127$691$408$234$131$17
43 years$1,088$658$383$216$119$15
44 years$1,052$628$359$199$108$12
45 years$1,017$598$337$184$98$11
46 years$983$571$317$170$89$9
47 years$951$545$298$157$81$8
48 years$921$520$280$145$73$7
49 years$892$497$263$134$67$6
50 years$864$474$247$124$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $885,000, adding $4,349 every year, while hoping to spend $51,252 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: 38/47/15 Blend
67$885,000$885,000$885,000$885,000
68$979,756$932,851$919,133$1,012,395
69$1,025,159$924,029$895,393$1,027,322
70$1,073,476$913,057$869,139$1,038,190
71$1,124,949$899,775$840,234$1,048,834
72$1,179,845$884,015$808,533$1,059,260
73$1,238,455$865,598$773,884$1,069,477
74$1,301,099$844,333$736,130$1,079,503
75$1,368,126$820,021$695,106$1,089,359
76$1,439,921$792,448$650,638$1,099,074
77$1,516,905$761,390$602,546$1,108,686
78$1,599,540$726,608$550,642$1,118,243
79$1,688,332$687,852$494,728$1,127,801
80$1,783,839$644,854$434,599$1,137,431
81$1,886,672$597,333$370,039$1,147,217
82$1,997,502$544,991$300,824$1,157,259
83$2,117,065$487,514$226,720$1,167,673
84$2,246,172$424,568$147,482$1,178,597
85$2,385,713$355,803$62,853$1,190,191
86$2,536,665$280,847$0$1,202,641
87$2,700,104$199,308$0$1,220,554
88$2,877,212$110,772$0$1,250,804
89$3,069,289$14,801$0$1,283,648
90$3,277,763$0$0$1,319,457
91$3,504,207$0$0$1,404,713
92$3,750,350$0$0$1,505,813
93$4,018,094$0$0$1,615,896
94$4,309,532$0$0$1,735,836
95$4,626,967$0$0$1,866,597
96$4,972,933$0$0$2,009,238
97$5,350,218$0$0$2,164,923
98$5,761,894$0$0$2,334,937
99$6,211,337$0$0$2,520,692
100$6,702,269$0$0$2,723,743