Can I retire at age 68 with 894,000?

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 $894,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$73,826$73,168$72,527$71,900$71,289$70,398
2 years$36,547$35,867$35,207$34,567$33,947$33,051
3 years$24,123$23,439$22,781$22,148$21,537$20,663
4 years$17,912$17,230$16,579$15,956$15,361$14,516
5 years$14,186$13,509$12,866$12,256$11,677$10,863
6 years$11,703$11,031$10,398$9,801$9,240$8,459
7 years$9,930$9,264$8,640$8,058$7,514$6,766
8 years$8,601$7,941$7,328$6,760$6,234$5,518
9 years$7,568$6,914$6,311$5,758$5,250$4,567
10 years$6,742$6,094$5,502$4,963$4,473$3,822
11 years$6,067$5,425$4,844$4,320$3,847$3,227
12 years$5,504$4,869$4,299$3,789$3,334$2,745
13 years$5,029$4,401$3,841$3,345$2,907$2,348
14 years$4,622$4,000$3,451$2,969$2,548$2,018
15 years$4,269$3,654$3,116$2,648$2,244$1,742
16 years$3,961$3,353$2,825$2,371$1,983$1,508
17 years$3,689$3,088$2,571$2,130$1,758$1,310
18 years$3,448$2,853$2,347$1,920$1,563$1,141
19 years$3,232$2,644$2,148$1,735$1,393$995
20 years$3,038$2,457$1,972$1,571$1,245$870
21 years$2,863$2,289$1,813$1,426$1,114$761
22 years$2,704$2,136$1,671$1,297$998$667
23 years$2,559$1,998$1,543$1,181$896$586
24 years$2,427$1,872$1,427$1,077$806$514
25 years$2,305$1,757$1,322$984$725$452
26 years$2,193$1,651$1,226$899$653$398
27 years$2,089$1,554$1,138$823$589$351
28 years$1,993$1,464$1,058$754$531$309
29 years$1,903$1,381$985$692$480$272
30 years$1,820$1,305$917$635$433$240
31 years$1,742$1,233$855$583$392$212
32 years$1,669$1,167$798$536$354$187
33 years$1,601$1,105$745$493$321$165
34 years$1,537$1,047$696$453$290$146
35 years$1,477$993$651$417$263$129
36 years$1,420$943$609$384$238$114
37 years$1,366$896$570$354$216$101
38 years$1,316$851$534$326$196$89
39 years$1,268$809$500$301$178$79
40 years$1,222$770$469$278$161$69
41 years$1,179$733$439$256$146$61
42 years$1,138$698$412$236$133$54
43 years$1,099$665$387$218$120$48
44 years$1,062$634$363$201$109$42
45 years$1,027$605$341$186$99$38
46 years$993$577$320$172$90$33
47 years$961$550$301$159$82$29
48 years$930$525$283$147$74$26
49 years$901$502$266$136$67$23
50 years$873$479$250$125$61$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $894,000, adding $3,373 every year, while hoping to spend $59,934 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: 47/30/23 Blend
67$894,000$894,000$894,000$894,000
68$988,667$941,285$927,428$1,028,502
69$1,025,742$923,639$894,728$1,039,109
70$1,064,590$903,119$858,923$1,044,403
71$1,105,328$879,522$819,847$1,048,934
72$1,148,084$852,631$777,325$1,052,659
73$1,192,996$822,218$731,173$1,055,534
74$1,240,216$788,041$681,201$1,057,517
75$1,289,906$749,843$627,210$1,058,564
76$1,342,246$707,354$568,990$1,058,633
77$1,397,428$660,288$506,324$1,057,681
78$1,455,664$608,340$438,985$1,055,670
79$1,517,185$551,192$366,734$1,052,562
80$1,582,242$488,505$289,323$1,048,322
81$1,651,109$419,920$206,494$1,042,917
82$1,724,086$345,060$117,976$1,036,320
83$1,801,501$263,526$23,486$1,028,509
84$1,883,711$174,896$0$1,019,464
85$1,971,108$78,724$0$1,028,160
86$2,064,120$0$0$1,042,996
87$2,163,215$0$0$1,066,693
88$2,268,909$0$0$1,119,743
89$2,381,761$0$0$1,176,449
90$2,502,390$0$0$1,237,127
91$2,631,470$0$0$1,302,125
92$2,769,742$0$0$1,371,826
93$2,918,018$0$0$1,446,648
94$3,077,190$0$0$1,527,051
95$3,248,236$0$0$1,613,540
96$3,432,230$0$0$1,706,669
97$3,630,350$0$0$1,807,046
98$3,843,891$0$0$1,915,340
99$4,074,276$0$0$2,032,285
100$4,323,067$0$0$2,158,689