Can I retire at age 68 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$71,761$71,122$70,498$69,890$69,295$68,916
2 years$35,525$34,864$34,223$33,601$32,998$32,615
3 years$23,448$22,784$22,144$21,528$20,935$20,561
4 years$17,411$16,749$16,115$15,510$14,931$14,568
5 years$13,790$13,131$12,506$11,913$11,350$11,000
6 years$11,376$10,722$10,107$9,527$8,981$8,644
7 years$9,653$9,005$8,399$7,833$7,304$6,980
8 years$8,361$7,719$7,123$6,571$6,059$5,748
9 years$7,357$6,721$6,135$5,597$5,103$4,804
10 years$6,554$5,924$5,349$4,824$4,348$4,062
11 years$5,897$5,274$4,709$4,199$3,739$3,466
12 years$5,350$4,733$4,179$3,683$3,240$2,980
13 years$4,888$4,278$3,734$3,251$2,826$2,577
14 years$4,492$3,888$3,355$2,886$2,477$2,240
15 years$4,150$3,552$3,029$2,574$2,181$1,956
16 years$3,850$3,259$2,746$2,305$1,928$1,713
17 years$3,586$3,001$2,499$2,071$1,709$1,506
18 years$3,351$2,773$2,281$1,866$1,520$1,327
19 years$3,142$2,570$2,088$1,686$1,355$1,172
20 years$2,953$2,388$1,916$1,527$1,210$1,037
21 years$2,783$2,225$1,763$1,386$1,083$919
22 years$2,629$2,077$1,625$1,260$970$816
23 years$2,488$1,942$1,500$1,148$871$726
24 years$2,359$1,820$1,387$1,047$783$646
25 years$2,240$1,708$1,285$956$705$575
26 years$2,131$1,605$1,192$874$635$513
27 years$2,030$1,511$1,107$800$572$458
28 years$1,937$1,423$1,029$733$516$409
29 years$1,850$1,343$957$672$466$366
30 years$1,769$1,268$892$617$421$327
31 years$1,693$1,199$831$567$381$292
32 years$1,623$1,134$776$521$345$262
33 years$1,556$1,074$724$479$312$234
34 years$1,494$1,018$677$441$282$210
35 years$1,435$966$633$406$256$188
36 years$1,380$917$592$374$232$169
37 years$1,328$871$554$344$210$151
38 years$1,279$827$519$317$190$136
39 years$1,232$787$486$292$173$122
40 years$1,188$748$456$270$157$109
41 years$1,146$712$427$249$142$98
42 years$1,106$679$401$230$129$88
43 years$1,069$646$376$212$117$79
44 years$1,032$616$353$196$106$71
45 years$998$588$331$181$96$63
46 years$965$561$311$167$88$57
47 years$934$535$292$154$79$51
48 years$904$511$275$143$72$46
49 years$876$488$258$132$66$41
50 years$848$466$243$122$60$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $869,000, adding $3,945 every year, while hoping to spend $51,475 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: 83/9/8 Blend
67$869,000$869,000$869,000$869,000
68$961,707$915,650$902,181$1,040,301
69$1,005,032$905,748$877,635$1,082,363
70$1,051,051$893,636$850,541$1,121,229
71$1,099,985$879,150$820,761$1,162,320
72$1,152,074$862,119$788,147$1,205,828
73$1,207,583$842,360$752,547$1,251,964
74$1,266,800$819,679$713,801$1,300,962
75$1,330,043$793,873$671,743$1,353,079
76$1,397,659$764,724$626,198$1,408,598
77$1,470,028$732,004$576,983$1,467,829
78$1,547,568$695,469$523,909$1,531,117
79$1,630,736$654,863$466,776$1,598,840
80$1,720,034$609,914$405,376$1,671,413
81$1,816,015$560,337$339,493$1,749,297
82$1,919,282$505,827$268,900$1,832,999
83$2,030,500$446,065$193,360$1,923,075
84$2,150,400$380,711$112,626$2,020,141
85$2,279,782$309,407$26,441$2,124,877
86$2,419,528$231,776$0$2,238,028
87$2,570,604$147,417$0$2,366,015
88$2,734,076$55,911$0$2,506,924
89$2,911,111$0$0$2,659,523
90$3,102,997$0$0$2,829,222
91$3,311,145$0$0$3,019,325
92$3,537,111$0$0$3,225,716
93$3,782,605$0$0$3,449,959
94$4,049,508$0$0$3,693,774
95$4,339,889$0$0$3,959,054
96$4,656,024$0$0$4,247,881
97$5,000,420$0$0$4,562,546
98$5,375,833$0$0$4,905,570
99$5,785,297$0$0$5,279,728
100$6,232,151$0$0$5,688,075