Can I retire at age 68 with 875,000?

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 $875,000?

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$72,257$71,613$70,985$70,372$69,774$69,131
2 years$35,771$35,104$34,459$33,833$33,226$32,578
3 years$23,610$22,941$22,297$21,677$21,080$20,448
4 years$17,531$16,864$16,227$15,617$15,034$14,422
5 years$13,885$13,222$12,593$11,995$11,429$10,839
6 years$11,455$10,797$10,177$9,593$9,043$8,476
7 years$9,719$9,067$8,457$7,887$7,355$6,810
8 years$8,419$7,772$7,172$6,616$6,101$5,580
9 years$7,407$6,767$6,177$5,635$5,138$4,639
10 years$6,599$5,965$5,385$4,858$4,378$3,901
11 years$5,938$5,310$4,741$4,228$3,765$3,311
12 years$5,387$4,766$4,208$3,708$3,263$2,830
13 years$4,922$4,307$3,759$3,274$2,845$2,433
14 years$4,523$3,915$3,378$2,906$2,494$2,103
15 years$4,178$3,576$3,050$2,592$2,196$1,825
16 years$3,877$3,281$2,765$2,321$1,941$1,589
17 years$3,611$3,022$2,516$2,085$1,721$1,388
18 years$3,375$2,792$2,297$1,879$1,530$1,215
19 years$3,164$2,588$2,103$1,698$1,364$1,066
20 years$2,974$2,405$1,930$1,538$1,218$937
21 years$2,802$2,240$1,775$1,396$1,090$826
22 years$2,647$2,091$1,636$1,269$977$728
23 years$2,505$1,956$1,510$1,156$877$643
24 years$2,375$1,832$1,397$1,054$788$568
25 years$2,256$1,720$1,294$963$709$503
26 years$2,146$1,616$1,200$880$639$445
27 years$2,044$1,521$1,114$806$576$395
28 years$1,950$1,433$1,036$738$520$350
29 years$1,863$1,352$964$677$469$310
30 years$1,781$1,277$898$621$424$276
31 years$1,705$1,207$837$571$383$245
32 years$1,634$1,142$781$524$347$217
33 years$1,567$1,082$729$482$314$193
34 years$1,504$1,025$681$444$284$172
35 years$1,445$972$637$408$257$153
36 years$1,390$923$596$376$233$136
37 years$1,337$877$558$347$211$121
38 years$1,288$833$522$319$192$108
39 years$1,241$792$489$295$174$96
40 years$1,196$754$459$272$158$85
41 years$1,154$717$430$251$143$76
42 years$1,114$683$403$231$130$68
43 years$1,076$651$379$214$118$60
44 years$1,040$620$355$197$107$54
45 years$1,005$592$334$182$97$48
46 years$972$564$313$168$88$43
47 years$941$539$294$155$80$38
48 years$911$514$277$144$73$34
49 years$882$491$260$133$66$30
50 years$854$469$244$123$60$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $875,000, adding $3,734 every year, while hoping to spend $34,028 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: 45/35/20 Blend
67$875,000$875,000$875,000$875,000
68$968,102$921,727$908,164$1,005,942
69$1,030,642$930,686$902,382$1,041,845
70$1,098,422$938,943$895,266$1,077,097
71$1,171,939$946,429$886,735$1,114,621
72$1,251,741$953,068$876,705$1,154,644
73$1,338,431$958,781$865,087$1,197,416
74$1,432,672$963,483$851,788$1,243,218
75$1,535,194$967,083$836,713$1,292,358
76$1,646,799$969,486$819,759$1,345,176
77$1,768,372$970,590$800,819$1,402,053
78$1,900,883$970,286$779,784$1,463,408
79$2,045,403$968,459$756,536$1,529,705
80$2,203,108$964,988$730,955$1,601,457
81$2,375,295$959,743$702,912$1,679,234
82$2,563,391$952,586$672,275$1,763,666
83$2,768,966$943,371$638,905$1,855,449
84$2,993,748$931,944$602,656$1,955,353
85$3,239,643$918,142$563,378$2,064,232
86$3,508,745$901,789$520,910$2,183,029
87$3,803,364$882,704$475,087$2,312,786
88$4,126,040$860,690$425,736$2,454,657
89$4,479,574$835,541$372,675$2,609,917
90$4,867,047$807,040$315,717$2,779,976
91$5,291,856$774,954$254,663$2,966,391
92$5,757,738$739,040$189,307$3,170,884
93$6,268,813$699,039$119,435$3,395,360
94$6,829,617$654,676$44,821$3,641,919
95$7,445,147$605,664$0$3,912,887
96$8,120,906$551,696$0$4,218,257
97$8,862,957$492,448$0$4,564,127
98$9,677,981$427,580$0$4,944,108
99$10,573,333$356,729$0$5,361,717
100$11,557,119$279,515$0$5,820,831