Can I retire at age 68 with 887,000?

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 $887,000?

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$73,248$72,595$71,959$71,337$70,731$69,274
2 years$36,261$35,586$34,931$34,297$33,681$32,221
3 years$23,934$23,256$22,603$21,974$21,369$19,949
4 years$17,772$17,095$16,449$15,831$15,240$13,873
5 years$14,075$13,403$12,765$12,160$11,585$10,274
6 years$11,612$10,945$10,316$9,724$9,167$7,914
7 years$9,853$9,191$8,573$7,995$7,455$6,260
8 years$8,534$7,879$7,270$6,707$6,185$5,047
9 years$7,509$6,860$6,262$5,713$5,209$4,127
10 years$6,689$6,047$5,459$4,924$4,438$3,412
11 years$6,019$5,383$4,806$4,286$3,817$2,845
12 years$5,461$4,831$4,265$3,759$3,308$2,389
13 years$4,990$4,366$3,811$3,319$2,884$2,017
14 years$4,585$3,969$3,424$2,946$2,528$1,710
15 years$4,236$3,625$3,092$2,627$2,226$1,456
16 years$3,930$3,326$2,803$2,352$1,967$1,243
17 years$3,660$3,063$2,551$2,114$1,745$1,065
18 years$3,421$2,831$2,328$1,905$1,551$913
19 years$3,207$2,623$2,131$1,721$1,383$785
20 years$3,015$2,438$1,956$1,559$1,235$676
21 years$2,841$2,271$1,799$1,415$1,105$583
22 years$2,683$2,120$1,658$1,286$991$503
23 years$2,539$1,983$1,531$1,172$889$435
24 years$2,408$1,857$1,416$1,068$799$376
25 years$2,287$1,743$1,312$976$719$326
26 years$2,175$1,638$1,216$892$648$282
27 years$2,072$1,542$1,130$817$584$244
28 years$1,977$1,453$1,050$748$527$212
29 years$1,888$1,371$977$686$476$184
30 years$1,806$1,294$910$630$430$159
31 years$1,728$1,224$849$578$389$138
32 years$1,656$1,158$792$532$352$120
33 years$1,588$1,096$739$489$318$104
34 years$1,525$1,039$691$450$288$91
35 years$1,465$986$646$414$261$79
36 years$1,409$936$604$381$236$68
37 years$1,356$889$565$351$214$59
38 years$1,305$844$529$324$194$52
39 years$1,258$803$496$299$176$45
40 years$1,213$764$465$275$160$39
41 years$1,170$727$436$254$145$34
42 years$1,129$693$409$234$132$29
43 years$1,091$660$384$216$119$26
44 years$1,054$629$360$200$108$22
45 years$1,019$600$338$185$98$19
46 years$985$572$318$170$89$17
47 years$954$546$298$158$81$15
48 years$923$521$280$146$74$13
49 years$894$498$264$135$67$11
50 years$866$476$248$124$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $887,000, adding $3,112 every year, while hoping to spend $38,494 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: 78/8/14 Blend
67$887,000$887,000$887,000$887,000
68$980,684$933,673$919,925$1,054,131
69$1,039,756$938,466$909,785$1,107,737
70$1,103,564$942,203$898,015$1,161,308
71$1,172,549$944,793$884,520$1,218,987
72$1,247,199$946,137$869,201$1,281,170
73$1,328,046$946,130$851,952$1,348,291
74$1,415,679$944,663$832,665$1,420,832
75$1,510,744$941,618$811,225$1,499,322
76$1,613,952$936,869$787,513$1,584,343
77$1,726,084$930,284$761,404$1,676,538
78$1,848,000$921,724$732,766$1,776,616
79$1,980,646$911,038$701,464$1,885,357
80$2,125,063$898,070$667,353$2,003,624
81$2,282,395$882,651$630,286$2,132,363
82$2,453,903$864,605$590,104$2,272,621
83$2,640,975$843,744$546,646$2,425,552
84$2,845,136$819,869$499,740$2,592,426
85$3,068,067$792,770$449,209$2,774,644
86$3,311,618$762,224$394,866$2,973,751
87$3,577,825$727,995$336,516$3,191,450
88$3,868,931$689,834$273,957$3,429,618
89$4,187,404$647,478$206,976$3,690,323
90$4,535,962$600,647$135,353$3,975,848
91$4,917,598$549,047$58,855$4,288,707
92$5,335,609$492,367$0$4,631,672
93$5,793,624$430,276$0$5,011,203
94$6,295,641$362,426$0$5,436,869
95$6,846,062$288,451$0$5,903,623
96$7,449,736$207,961$0$6,415,599
97$8,112,005$120,547$0$6,977,355
98$8,838,750$25,774$0$7,593,909
99$9,636,452$0$0$8,270,793
100$10,512,249$0$0$9,020,864