Can I retire at age 68 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$73,578$72,923$72,283$71,659$71,050$70,396
2 years$36,425$35,746$35,089$34,451$33,833$33,174
3 years$24,042$23,361$22,705$22,073$21,465$20,822
4 years$17,852$17,173$16,523$15,903$15,309$14,686
5 years$14,139$13,463$12,823$12,215$11,638$11,037
6 years$11,664$10,994$10,363$9,768$9,209$8,631
7 years$9,897$9,233$8,611$8,031$7,489$6,935
8 years$8,573$7,914$7,303$6,737$6,213$5,682
9 years$7,543$6,891$6,290$5,738$5,232$4,724
10 years$6,720$6,074$5,484$4,947$4,458$3,973
11 years$6,046$5,407$4,828$4,305$3,834$3,371
12 years$5,486$4,853$4,285$3,776$3,323$2,882
13 years$5,012$4,386$3,828$3,334$2,897$2,478
14 years$4,606$3,987$3,440$2,959$2,540$2,141
15 years$4,255$3,642$3,105$2,639$2,236$1,858
16 years$3,947$3,341$2,816$2,363$1,976$1,618
17 years$3,677$3,077$2,562$2,123$1,752$1,413
18 years$3,436$2,843$2,339$1,913$1,558$1,237
19 years$3,221$2,635$2,141$1,729$1,389$1,086
20 years$3,028$2,449$1,965$1,566$1,240$955
21 years$2,854$2,281$1,807$1,421$1,110$841
22 years$2,695$2,129$1,666$1,292$995$741
23 years$2,551$1,991$1,538$1,177$893$655
24 years$2,419$1,866$1,422$1,073$803$579
25 years$2,297$1,751$1,317$980$722$512
26 years$2,185$1,646$1,222$896$651$453
27 years$2,082$1,549$1,135$820$587$402
28 years$1,986$1,459$1,055$752$529$356
29 years$1,897$1,377$982$689$478$316
30 years$1,814$1,300$914$633$432$281
31 years$1,736$1,229$852$581$391$249
32 years$1,664$1,163$795$534$353$221
33 years$1,596$1,101$743$491$320$197
34 years$1,532$1,044$694$452$289$175
35 years$1,472$990$649$416$262$156
36 years$1,415$940$607$383$238$138
37 years$1,362$893$568$353$215$123
38 years$1,311$848$532$325$195$110
39 years$1,263$807$498$300$177$98
40 years$1,218$767$467$277$161$87
41 years$1,175$730$438$255$146$77
42 years$1,134$696$411$236$132$69
43 years$1,096$663$385$217$120$61
44 years$1,059$632$362$201$109$55
45 years$1,023$603$340$185$99$49
46 years$990$575$319$171$90$43
47 years$958$549$300$158$81$39
48 years$927$524$282$146$74$34
49 years$898$500$265$135$67$31
50 years$870$478$249$125$61$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $891,000, adding $5,188 every year, while hoping to spend $27,364 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: 53/37/10 Blend
67$891,000$891,000$891,000$891,000
68$987,233$940,010$926,200$1,036,768
69$1,058,816$956,956$928,113$1,087,955
70$1,136,783$973,814$929,172$1,140,215
71$1,221,757$990,553$929,321$1,196,428
72$1,314,422$1,007,136$928,499$1,256,975
73$1,415,532$1,023,525$926,643$1,322,275
74$1,525,918$1,039,679$923,687$1,392,790
75$1,646,492$1,055,554$919,561$1,469,028
76$1,778,259$1,071,101$914,192$1,551,551
77$1,922,328$1,086,271$907,503$1,640,978
78$2,079,916$1,101,009$899,415$1,737,992
79$2,252,365$1,115,257$889,844$1,843,346
80$2,441,154$1,128,952$878,701$1,957,868
81$2,647,910$1,142,028$865,895$2,082,475
82$2,874,423$1,154,414$851,329$2,218,175
83$3,122,669$1,166,035$834,903$2,366,082
84$3,394,820$1,176,809$816,511$2,527,422
85$3,693,270$1,186,651$796,043$2,703,550
86$4,020,655$1,195,469$773,382$2,895,956
87$4,379,880$1,203,165$748,408$3,106,289
88$4,774,143$1,209,635$720,995$3,336,361
89$5,206,967$1,214,769$691,010$3,588,175
90$5,682,234$1,218,450$658,316$3,863,938
91$6,204,220$1,220,551$622,767$4,166,083
92$6,777,633$1,220,941$584,213$4,497,295
93$7,407,663$1,219,479$542,495$4,860,533
94$8,100,026$1,216,014$497,450$5,259,060
95$8,861,018$1,210,388$448,903$5,696,474
96$9,697,577$1,202,433$396,677$6,176,745
97$10,617,346$1,191,968$340,582$6,704,246
98$11,628,746$1,178,806$280,423$7,283,803
99$12,741,055$1,162,744$215,993$7,920,736
100$13,964,494$1,143,569$147,080$8,620,909