Can I retire at age 68 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$73,330$72,677$72,040$71,418$70,810$69,127
2 years$36,302$35,626$34,971$34,335$33,719$32,033
3 years$23,961$23,282$22,628$21,999$21,393$19,756
4 years$17,792$17,115$16,468$15,849$15,258$13,684
5 years$14,091$13,418$12,780$12,174$11,599$10,092
6 years$11,625$10,957$10,328$9,735$9,178$7,739
7 years$9,864$9,202$8,582$8,004$7,464$6,094
8 years$8,544$7,887$7,279$6,714$6,192$4,890
9 years$7,517$6,867$6,269$5,719$5,215$3,980
10 years$6,697$6,053$5,466$4,930$4,443$3,274
11 years$6,026$5,389$4,812$4,291$3,821$2,716
12 years$5,467$4,837$4,270$3,763$3,311$2,269
13 years$4,995$4,371$3,815$3,322$2,888$1,905
14 years$4,591$3,973$3,428$2,949$2,531$1,607
15 years$4,240$3,630$3,095$2,630$2,229$1,360
16 years$3,934$3,330$2,806$2,355$1,970$1,155
17 years$3,664$3,067$2,553$2,116$1,746$983
18 years$3,425$2,834$2,331$1,907$1,553$839
19 years$3,211$2,626$2,134$1,723$1,384$717
20 years$3,018$2,441$1,958$1,561$1,236$614
21 years$2,844$2,273$1,801$1,416$1,106$526
22 years$2,686$2,122$1,660$1,288$992$451
23 years$2,542$1,985$1,533$1,173$890$387
24 years$2,410$1,860$1,418$1,070$800$333
25 years$2,289$1,745$1,313$977$720$286
26 years$2,178$1,640$1,218$893$649$246
27 years$2,075$1,544$1,131$818$585$212
28 years$1,979$1,454$1,051$749$528$183
29 years$1,890$1,372$978$687$476$157
30 years$1,808$1,296$911$630$430$136
31 years$1,730$1,225$850$579$389$117
32 years$1,658$1,159$793$532$352$101
33 years$1,590$1,098$740$489$319$87
34 years$1,527$1,040$691$450$288$75
35 years$1,467$987$646$414$261$65
36 years$1,410$937$605$382$237$56
37 years$1,357$890$566$352$215$48
38 years$1,307$845$530$324$195$42
39 years$1,259$804$497$299$176$36
40 years$1,214$765$465$276$160$31
41 years$1,171$728$436$254$145$27
42 years$1,131$693$409$235$132$23
43 years$1,092$661$384$217$120$20
44 years$1,055$630$361$200$108$17
45 years$1,020$600$339$185$98$15
46 years$987$573$318$171$89$13
47 years$955$547$299$158$81$11
48 years$924$522$281$146$74$10
49 years$895$498$264$135$67$8
50 years$867$476$248$124$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $888,000, adding $2,774 every year, while hoping to spend $28,132 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: 66/19/15 Blend
67$888,000$888,000$888,000$888,000
68$981,437$934,373$920,609$1,042,533
69$1,051,612$950,225$921,518$1,099,550
70$1,128,001$965,911$921,513$1,158,312
71$1,211,210$981,393$920,536$1,221,845
72$1,301,902$996,631$918,523$1,290,614
73$1,400,810$1,011,580$915,408$1,365,134
74$1,508,740$1,026,194$911,121$1,445,968
75$1,626,577$1,040,424$905,590$1,533,742
76$1,755,298$1,054,215$898,737$1,629,143
77$1,895,978$1,067,510$890,484$1,732,928
78$2,049,798$1,080,248$880,745$1,845,932
79$2,218,061$1,092,365$869,434$1,969,076
80$2,402,201$1,103,789$856,459$2,103,376
81$2,603,798$1,114,446$841,722$2,249,949
82$2,824,589$1,124,258$825,124$2,410,029
83$3,066,490$1,133,140$806,558$2,584,976
84$3,331,610$1,141,001$785,915$2,776,288
85$3,622,270$1,147,746$763,079$2,985,618
86$3,941,029$1,153,273$737,930$3,214,787
87$4,290,704$1,157,473$710,341$3,465,803
88$4,674,398$1,160,232$680,179$3,740,880
89$5,095,529$1,161,426$647,308$4,042,457
90$5,557,862$1,160,925$611,582$4,373,227
91$6,065,545$1,158,591$572,851$4,736,153
92$6,623,146$1,154,277$530,957$5,134,505
93$7,235,698$1,147,828$485,735$5,571,888
94$7,908,746$1,139,078$437,014$6,052,274
95$8,648,397$1,127,852$384,613$6,580,043
96$9,461,381$1,113,964$328,345$7,160,024
97$10,355,111$1,097,218$268,013$7,797,539
98$11,337,755$1,077,404$203,414$8,498,455
99$12,418,310$1,054,301$134,333$9,269,240
100$13,606,692$1,027,675$60,547$10,117,024