Can I retire at age 68 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$73,661$73,004$72,364$71,739$71,129$68,908
2 years$36,466$35,786$35,128$34,490$33,871$31,653
3 years$24,069$23,387$22,730$22,098$21,489$19,343
4 years$17,872$17,192$16,542$15,920$15,326$13,270
5 years$14,154$13,479$12,837$12,228$11,651$9,689
6 years$11,677$11,006$10,374$9,779$9,219$7,353
7 years$9,908$9,243$8,621$8,040$7,497$5,728
8 years$8,582$7,923$7,311$6,745$6,220$4,546
9 years$7,551$6,898$6,297$5,745$5,238$3,657
10 years$6,727$6,081$5,490$4,952$4,463$2,973
11 years$6,053$5,413$4,833$4,310$3,838$2,437
12 years$5,492$4,859$4,290$3,780$3,326$2,010
13 years$5,018$4,391$3,832$3,337$2,901$1,666
14 years$4,611$3,991$3,443$2,963$2,543$1,387
15 years$4,259$3,646$3,109$2,642$2,239$1,159
16 years$3,952$3,345$2,819$2,366$1,979$971
17 years$3,681$3,081$2,565$2,126$1,754$815
18 years$3,440$2,847$2,341$1,916$1,560$686
19 years$3,225$2,638$2,143$1,731$1,390$578
20 years$3,032$2,452$1,967$1,568$1,242$487
21 years$2,857$2,284$1,809$1,423$1,111$411
22 years$2,698$2,132$1,668$1,294$996$348
23 years$2,554$1,994$1,540$1,178$894$294
24 years$2,421$1,868$1,424$1,075$804$249
25 years$2,300$1,753$1,319$981$723$211
26 years$2,188$1,648$1,223$897$651$179
27 years$2,084$1,551$1,136$821$587$152
28 years$1,988$1,461$1,056$752$530$129
29 years$1,899$1,378$983$690$479$109
30 years$1,816$1,302$915$633$432$93
31 years$1,738$1,231$853$582$391$79
32 years$1,666$1,164$796$535$354$67
33 years$1,597$1,103$743$492$320$57
34 years$1,534$1,045$695$452$290$48
35 years$1,473$991$649$416$262$41
36 years$1,417$941$607$383$238$35
37 years$1,363$894$569$353$216$29
38 years$1,313$849$532$326$195$25
39 years$1,265$807$499$300$177$21
40 years$1,220$768$468$277$161$18
41 years$1,176$731$438$255$146$15
42 years$1,136$696$411$236$132$13
43 years$1,097$664$386$218$120$11
44 years$1,060$633$362$201$109$9
45 years$1,025$603$340$186$99$8
46 years$991$575$319$171$90$7
47 years$959$549$300$158$82$6
48 years$928$524$282$146$74$5
49 years$899$501$265$135$67$4
50 years$871$478$249$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $892,000, adding $5,643 every year, while hoping to spend $44,872 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: 47/42/11 Blend
67$892,000$892,000$892,000$892,000
68$988,805$941,529$927,703$1,032,006
69$1,041,919$939,920$911,037$1,060,780
70$1,098,948$936,729$892,310$1,086,891
71$1,160,242$931,830$871,403$1,114,215
72$1,226,188$925,091$848,197$1,142,879
73$1,297,209$916,371$822,562$1,173,027
74$1,373,773$905,521$794,366$1,204,819
75$1,456,389$892,383$763,469$1,238,436
76$1,545,622$876,791$729,725$1,274,078
77$1,642,087$858,565$692,983$1,311,969
78$1,746,464$837,519$653,082$1,352,361
79$1,859,499$813,454$609,857$1,395,533
80$1,982,014$786,159$563,132$1,441,799
81$2,114,909$755,410$512,727$1,491,506
82$2,259,178$720,974$458,452$1,545,044
83$2,415,912$682,599$400,107$1,602,845
84$2,586,310$640,022$337,487$1,665,391
85$2,771,695$592,964$270,373$1,733,219
86$2,973,519$541,130$198,542$1,806,927
87$3,193,380$484,208$121,755$1,887,178
88$3,433,040$421,868$39,769$1,974,711
89$3,694,433$353,763$0$2,070,346
90$3,979,692$279,525$0$2,180,596
91$4,291,163$198,764$0$2,306,218
92$4,631,429$111,070$0$2,443,696
93$5,003,332$16,010$0$2,594,311
94$5,410,004$0$0$2,759,483
95$5,854,891$0$0$2,980,934
96$6,341,788$0$0$3,231,493
97$6,874,874$0$0$3,505,925
98$7,458,750$0$0$3,806,610
99$8,098,486$0$0$4,136,173
100$8,799,661$0$0$4,497,501