Can I retire at age 68 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$73,165$72,513$71,877$71,257$70,651$70,353
2 years$36,220$35,546$34,892$34,258$33,643$33,343
3 years$23,907$23,230$22,577$21,950$21,345$21,051
4 years$17,752$17,076$16,431$15,813$15,223$14,938
5 years$14,059$13,388$12,751$12,146$11,572$11,297
6 years$11,599$10,932$10,305$9,713$9,157$8,891
7 years$9,842$9,181$8,563$7,986$7,447$7,191
8 years$8,524$7,870$7,262$6,699$6,178$5,932
9 years$7,501$6,852$6,255$5,706$5,203$4,967
10 years$6,682$6,040$5,453$4,919$4,433$4,207
11 years$6,013$5,377$4,801$4,281$3,813$3,597
12 years$5,455$4,826$4,261$3,755$3,304$3,097
13 years$4,984$4,361$3,807$3,315$2,881$2,684
14 years$4,580$3,964$3,420$2,943$2,526$2,338
15 years$4,231$3,621$3,088$2,624$2,224$2,045
16 years$3,925$3,323$2,800$2,350$1,965$1,795
17 years$3,656$3,060$2,548$2,111$1,743$1,581
18 years$3,417$2,828$2,326$1,903$1,549$1,396
19 years$3,203$2,621$2,129$1,719$1,381$1,236
20 years$3,011$2,435$1,954$1,557$1,234$1,096
21 years$2,838$2,268$1,797$1,413$1,104$974
22 years$2,680$2,117$1,656$1,285$989$866
23 years$2,536$1,980$1,529$1,170$888$772
24 years$2,405$1,855$1,414$1,067$798$689
25 years$2,284$1,741$1,310$975$718$615
26 years$2,173$1,636$1,215$891$647$550
27 years$2,070$1,540$1,128$816$583$492
28 years$1,975$1,451$1,049$747$526$440
29 years$1,886$1,369$976$685$475$394
30 years$1,804$1,293$909$629$430$353
31 years$1,726$1,222$848$578$388$317
32 years$1,654$1,156$791$531$351$284
33 years$1,587$1,095$738$488$318$255
34 years$1,523$1,038$690$449$288$229
35 years$1,463$985$645$414$261$206
36 years$1,407$934$603$381$236$185
37 years$1,354$888$565$351$214$166
38 years$1,304$843$529$323$194$150
39 years$1,256$802$496$298$176$134
40 years$1,211$763$464$275$160$121
41 years$1,169$726$435$254$145$109
42 years$1,128$692$409$234$131$98
43 years$1,089$659$383$216$119$88
44 years$1,053$628$360$200$108$79
45 years$1,018$599$338$184$98$71
46 years$984$572$317$170$89$64
47 years$952$545$298$157$81$58
48 years$922$521$280$145$74$52
49 years$893$497$263$134$67$47
50 years$865$475$248$124$61$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $886,000, adding $5,264 every year, while hoping to spend $29,205 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: 61/14/25 Blend
67$886,000$886,000$886,000$886,000
68$981,802$934,844$921,111$1,034,849
69$1,050,872$949,577$920,894$1,086,215
70$1,126,008$964,054$919,691$1,138,614
71$1,207,798$978,230$917,439$1,195,173
72$1,296,890$992,060$914,069$1,256,303
73$1,393,995$1,005,492$909,512$1,322,458
74$1,499,896$1,018,475$903,695$1,394,136
75$1,615,456$1,030,951$896,539$1,471,890
76$1,741,624$1,042,860$887,965$1,556,327
77$1,879,445$1,054,135$877,887$1,648,120
78$2,030,070$1,064,709$866,218$1,748,008
79$2,194,764$1,074,507$852,863$1,856,807
80$2,374,922$1,083,450$837,726$1,975,419
81$2,572,080$1,091,455$820,706$2,104,837
82$2,787,928$1,098,431$801,695$2,246,156
83$3,024,327$1,104,285$780,582$2,400,587
84$3,283,328$1,108,915$757,251$2,569,461
85$3,567,188$1,112,212$731,580$2,754,250
86$3,878,394$1,114,064$703,441$2,956,575
87$4,219,685$1,114,348$672,701$3,178,225
88$4,594,077$1,112,935$639,221$3,421,174
89$5,004,893$1,109,688$602,854$3,687,596
90$5,455,791$1,104,462$563,449$3,979,891
91$5,950,804$1,097,103$520,847$4,300,706
92$6,494,372$1,087,447$474,881$4,652,958
93$7,091,386$1,075,320$425,377$5,039,866
94$7,747,235$1,060,538$372,155$5,464,978
95$8,467,855$1,042,907$315,024$5,932,208
96$9,259,786$1,022,219$253,788$6,445,869
97$10,130,233$998,256$188,238$7,010,720
98$11,087,132$970,786$118,160$7,632,007
99$12,139,229$939,565$43,328$8,315,515
100$13,296,158$904,331$0$9,067,620