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%16%
1 years$72,257$71,613$70,985$70,372$69,774$68,059
2 years$35,771$35,104$34,459$33,833$33,226$31,509
3 years$23,610$22,941$22,297$21,677$21,080$19,414
4 years$17,531$16,864$16,227$15,617$15,034$13,433
5 years$13,885$13,222$12,593$11,995$11,429$9,896
6 years$11,455$10,797$10,177$9,593$9,043$7,581
7 years$9,719$9,067$8,457$7,887$7,355$5,963
8 years$8,419$7,772$7,172$6,616$6,101$4,779
9 years$7,407$6,767$6,177$5,635$5,138$3,885
10 years$6,599$5,965$5,385$4,858$4,378$3,192
11 years$5,938$5,310$4,741$4,228$3,765$2,645
12 years$5,387$4,766$4,208$3,708$3,263$2,206
13 years$4,922$4,307$3,759$3,274$2,845$1,850
14 years$4,523$3,915$3,378$2,906$2,494$1,558
15 years$4,178$3,576$3,050$2,592$2,196$1,317
16 years$3,877$3,281$2,765$2,321$1,941$1,117
17 years$3,611$3,022$2,516$2,085$1,721$950
18 years$3,375$2,792$2,297$1,879$1,530$809
19 years$3,164$2,588$2,103$1,698$1,364$690
20 years$2,974$2,405$1,930$1,538$1,218$590
21 years$2,802$2,240$1,775$1,396$1,090$505
22 years$2,647$2,091$1,636$1,269$977$432
23 years$2,505$1,956$1,510$1,156$877$371
24 years$2,375$1,832$1,397$1,054$788$318
25 years$2,256$1,720$1,294$963$709$273
26 years$2,146$1,616$1,200$880$639$235
27 years$2,044$1,521$1,114$806$576$202
28 years$1,950$1,433$1,036$738$520$173
29 years$1,863$1,352$964$677$469$149
30 years$1,781$1,277$898$621$424$128
31 years$1,705$1,207$837$571$383$110
32 years$1,634$1,142$781$524$347$95
33 years$1,567$1,082$729$482$314$82
34 years$1,504$1,025$681$444$284$71
35 years$1,445$972$637$408$257$61
36 years$1,390$923$596$376$233$52
37 years$1,337$877$558$347$211$45
38 years$1,288$833$522$319$192$39
39 years$1,241$792$489$295$174$33
40 years$1,196$754$459$272$158$29
41 years$1,154$717$430$251$143$25
42 years$1,114$683$403$231$130$21
43 years$1,076$651$379$214$118$18
44 years$1,040$620$355$197$107$16
45 years$1,005$592$334$182$97$14
46 years$972$564$313$168$88$12
47 years$941$539$294$155$80$10
48 years$911$514$277$144$73$9
49 years$882$491$260$133$66$8
50 years$854$469$244$123$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $875,000, adding $3,453 every year, while hoping to spend $59,010 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: 43/35/22 Blend
67$875,000$875,000$875,000$875,000
68$967,812$921,437$907,874$1,003,093
69$1,003,742$903,801$875,502$1,010,820
70$1,041,360$883,323$840,067$1,013,206
71$1,080,775$859,802$801,405$1,014,596
72$1,122,106$833,024$759,344$1,014,930
73$1,165,481$802,763$713,703$1,014,145
74$1,211,043$768,781$664,294$1,012,177
75$1,258,941$730,824$610,921$1,008,960
76$1,309,344$688,624$553,377$1,004,430
77$1,362,430$641,900$491,448$998,517
78$1,418,396$590,351$424,910$991,156
79$1,477,456$533,662$353,528$982,277
80$1,539,843$471,498$277,058$971,814
81$1,605,812$403,507$195,244$959,699
82$1,675,641$329,314$107,821$945,867
83$1,749,631$248,526$14,508$930,253
84$1,828,116$160,726$0$912,796
85$1,911,457$65,475$0$913,406
86$2,000,051$0$0$916,993
87$2,094,330$0$0$934,688
88$2,194,769$0$0$980,463
89$2,301,887$0$0$1,029,347
90$2,416,254$0$0$1,081,606
91$2,538,494$0$0$1,137,534
92$2,669,288$0$0$1,197,454
93$2,809,388$0$0$1,261,718
94$2,959,614$0$0$1,330,714
95$3,120,869$0$0$1,404,867
96$3,294,143$0$0$1,484,643
97$3,480,521$0$0$1,570,556
98$3,681,197$0$0$1,663,169
99$3,897,479$0$0$1,763,098
100$4,130,808$0$0$1,871,025