Can I retire at age 68 with 874,000?

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 $874,000?

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%
1 years$72,174$71,531$70,904$70,292$69,694$68,795
2 years$35,730$35,064$34,419$33,794$33,188$32,283
3 years$23,583$22,915$22,272$21,652$21,056$20,173
4 years$17,511$16,845$16,208$15,599$15,017$14,164
5 years$13,869$13,207$12,578$11,982$11,416$10,595
6 years$11,441$10,784$10,165$9,582$9,033$8,245
7 years$9,708$9,057$8,447$7,878$7,346$6,592
8 years$8,409$7,763$7,164$6,608$6,094$5,373
9 years$7,399$6,759$6,170$5,629$5,132$4,444
10 years$6,591$5,958$5,379$4,852$4,373$3,717
11 years$5,931$5,304$4,736$4,223$3,761$3,136
12 years$5,381$4,761$4,203$3,704$3,259$2,666
13 years$4,916$4,302$3,755$3,270$2,842$2,279
14 years$4,518$3,911$3,374$2,903$2,491$1,958
15 years$4,174$3,572$3,046$2,589$2,194$1,688
16 years$3,872$3,278$2,762$2,318$1,939$1,461
17 years$3,607$3,019$2,513$2,083$1,719$1,268
18 years$3,371$2,789$2,294$1,877$1,528$1,103
19 years$3,160$2,585$2,100$1,696$1,362$962
20 years$2,970$2,402$1,927$1,536$1,217$840
21 years$2,799$2,238$1,773$1,394$1,089$735
22 years$2,644$2,089$1,634$1,268$976$644
23 years$2,502$1,953$1,509$1,154$876$564
24 years$2,372$1,830$1,395$1,053$788$495
25 years$2,253$1,718$1,292$962$709$435
26 years$2,144$1,614$1,199$879$638$383
27 years$2,042$1,519$1,113$805$576$337
28 years$1,948$1,432$1,035$737$519$296
29 years$1,861$1,351$963$676$469$261
30 years$1,779$1,275$897$620$424$230
31 years$1,703$1,206$836$570$383$203
32 years$1,632$1,141$780$524$346$179
33 years$1,565$1,080$728$482$314$158
34 years$1,503$1,024$681$443$284$139
35 years$1,444$971$636$408$257$123
36 years$1,388$922$595$376$233$108
37 years$1,336$876$557$346$211$96
38 years$1,286$832$522$319$191$85
39 years$1,239$791$489$294$174$75
40 years$1,195$753$458$271$157$66
41 years$1,153$717$430$250$143$58
42 years$1,113$682$403$231$130$52
43 years$1,075$650$378$213$118$46
44 years$1,038$620$355$197$107$40
45 years$1,004$591$333$182$97$36
46 years$971$564$313$168$88$31
47 years$940$538$294$155$80$28
48 years$910$514$276$143$73$25
49 years$881$490$260$133$66$22
50 years$853$469$244$123$60$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $874,000, adding $2,512 every year, while hoping to spend $53,979 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: 49/32/19 Blend
67$874,000$874,000$874,000$874,000
68$965,739$919,417$905,870$1,007,804
69$1,006,811$907,035$878,784$1,024,831
70$1,050,264$892,238$848,980$1,037,605
71$1,096,282$874,849$816,313$1,050,336
72$1,145,069$854,683$780,626$1,063,042
73$1,196,847$831,543$741,758$1,075,744
74$1,251,859$805,222$699,540$1,088,471
75$1,310,369$775,498$653,794$1,101,257
76$1,372,667$742,139$604,338$1,114,144
77$1,439,073$704,897$550,976$1,127,184
78$1,509,933$663,511$493,509$1,140,437
79$1,585,629$617,707$431,724$1,153,976
80$1,666,579$567,190$365,403$1,167,885
81$1,753,242$511,654$294,316$1,182,263
82$1,846,119$450,772$218,222$1,197,224
83$1,945,762$384,198$136,871$1,212,903
84$2,052,776$311,570$50,003$1,229,452
85$2,167,825$232,503$0$1,247,047
86$2,291,637$146,589$0$1,274,546
87$2,425,013$53,401$0$1,314,904
88$2,568,831$0$0$1,358,294
89$2,724,057$0$0$1,421,809
90$2,891,753$0$0$1,510,814
91$3,073,084$0$0$1,607,132
92$3,269,330$0$0$1,711,455
93$3,481,903$0$0$1,824,542
94$3,712,349$0$0$1,947,226
95$3,962,372$0$0$2,080,426
96$4,233,846$0$0$2,225,153
97$4,528,830$0$0$2,382,516
98$4,849,591$0$0$2,553,737
99$5,198,623$0$0$2,740,161
100$5,578,669$0$0$2,943,268