Can I retire at age 68 with 885,000?

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 $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%12.4%
1 years$73,082$72,431$71,796$71,176$70,571$69,863
2 years$36,179$35,506$34,853$34,219$33,605$32,892
3 years$23,880$23,203$22,552$21,925$21,321$20,625
4 years$17,732$17,057$16,412$15,796$15,206$14,532
5 years$14,043$13,373$12,736$12,132$11,559$10,910
6 years$11,585$10,920$10,293$9,702$9,147$8,522
7 years$9,830$9,171$8,553$7,977$7,439$6,840
8 years$8,515$7,861$7,254$6,692$6,171$5,598
9 years$7,492$6,844$6,248$5,700$5,197$4,649
10 years$6,674$6,033$5,447$4,913$4,428$3,905
11 years$6,006$5,371$4,795$4,276$3,808$3,309
12 years$5,449$4,820$4,256$3,751$3,300$2,825
13 years$4,978$4,356$3,802$3,311$2,878$2,426
14 years$4,575$3,960$3,416$2,939$2,523$2,094
15 years$4,226$3,617$3,085$2,621$2,221$1,815
16 years$3,921$3,319$2,797$2,347$1,963$1,578
17 years$3,652$3,057$2,545$2,109$1,741$1,376
18 years$3,413$2,824$2,323$1,901$1,548$1,203
19 years$3,200$2,618$2,127$1,717$1,379$1,054
20 years$3,008$2,432$1,952$1,555$1,232$926
21 years$2,834$2,266$1,795$1,412$1,103$814
22 years$2,677$2,115$1,655$1,283$988$717
23 years$2,534$1,978$1,528$1,169$887$632
24 years$2,402$1,853$1,413$1,066$797$558
25 years$2,282$1,739$1,309$974$718$493
26 years$2,170$1,635$1,214$890$646$436
27 years$2,068$1,538$1,127$815$583$385
28 years$1,972$1,450$1,048$747$526$341
29 years$1,884$1,368$975$685$475$302
30 years$1,801$1,291$908$628$429$268
31 years$1,724$1,221$847$577$388$237
32 years$1,652$1,155$790$530$351$211
33 years$1,585$1,094$738$488$318$187
34 years$1,521$1,037$689$449$287$166
35 years$1,462$983$644$413$260$147
36 years$1,406$933$603$380$236$131
37 years$1,353$887$564$351$214$116
38 years$1,302$843$528$323$194$103
39 years$1,255$801$495$298$176$92
40 years$1,210$762$464$275$159$81
41 years$1,167$726$435$253$145$72
42 years$1,127$691$408$234$131$64
43 years$1,088$658$383$216$119$57
44 years$1,052$628$359$199$108$51
45 years$1,017$598$337$184$98$45
46 years$983$571$317$170$89$40
47 years$951$545$298$157$81$36
48 years$921$520$280$145$73$32
49 years$892$497$263$134$67$28
50 years$864$474$247$124$61$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $885,000, adding $3,443 every year, while hoping to spend $24,428 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: 86/5/9 Blend
67$885,000$885,000$885,000$885,000
68$978,821$931,916$918,199$1,061,603
69$1,052,670$951,589$922,967$1,135,819
70$1,133,232$971,407$927,077$1,213,668
71$1,221,168$991,352$930,480$1,298,447
72$1,317,201$1,011,402$933,125$1,390,839
73$1,422,132$1,031,537$934,961$1,491,594
74$1,536,838$1,051,731$935,931$1,601,539
75$1,662,289$1,071,959$935,978$1,721,586
76$1,799,549$1,092,192$935,040$1,852,736
77$1,949,792$1,112,399$933,053$1,996,095
78$2,114,312$1,132,547$929,951$2,152,879
79$2,294,529$1,152,599$925,662$2,324,428
80$2,492,013$1,172,518$920,113$2,512,220
81$2,708,488$1,192,262$913,227$2,717,880
82$2,945,856$1,211,785$904,922$2,943,201
83$3,206,210$1,231,039$895,114$3,190,155
84$3,491,856$1,249,973$883,713$3,460,918
85$3,805,335$1,268,530$870,626$3,757,886
86$4,149,444$1,286,653$855,757$4,083,697
87$4,527,264$1,304,276$839,002$4,441,261
88$4,942,192$1,321,332$820,255$4,833,780
89$5,397,966$1,337,748$799,404$5,264,785
90$5,898,707$1,353,446$776,333$5,738,167
91$6,448,953$1,368,343$750,918$6,258,209
92$7,053,704$1,382,350$723,032$6,829,636
93$7,718,469$1,395,372$692,541$7,457,650
94$8,449,317$1,407,310$659,305$8,147,984
95$9,252,933$1,418,054$623,177$8,906,956
96$10,136,685$1,427,491$584,006$9,741,528
97$11,108,688$1,435,499$541,631$10,659,369
98$12,177,884$1,441,948$495,886$11,668,932
99$13,354,125$1,446,701$446,595$12,779,532
100$14,648,267$1,449,610$393,578$14,001,431