Can I retire at age 68 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$72,339$71,695$71,066$70,453$69,853$68,387
2 years$35,812$35,145$34,498$33,871$33,264$31,793
3 years$23,637$22,967$22,323$21,702$21,104$19,675
4 years$17,551$16,883$16,245$15,635$15,051$13,676
5 years$13,901$13,237$12,607$12,009$11,442$10,123
6 years$11,468$10,809$10,188$9,604$9,054$7,793
7 years$9,730$9,077$8,466$7,896$7,363$6,160
8 years$8,428$7,781$7,180$6,624$6,108$4,964
9 years$7,416$6,775$6,184$5,642$5,144$4,057
10 years$6,606$5,972$5,392$4,863$4,383$3,352
11 years$5,945$5,316$4,747$4,233$3,770$2,793
12 years$5,394$4,771$4,213$3,713$3,267$2,344
13 years$4,928$4,312$3,764$3,278$2,849$1,977
14 years$4,529$3,919$3,382$2,909$2,497$1,676
15 years$4,183$3,581$3,053$2,595$2,199$1,426
16 years$3,881$3,285$2,768$2,323$1,943$1,217
17 years$3,615$3,025$2,519$2,087$1,723$1,041
18 years$3,378$2,796$2,299$1,881$1,532$892
19 years$3,167$2,591$2,105$1,700$1,365$767
20 years$2,977$2,408$1,932$1,540$1,220$660
21 years$2,806$2,243$1,777$1,397$1,091$568
22 years$2,650$2,093$1,638$1,270$978$490
23 years$2,508$1,958$1,512$1,157$878$423
24 years$2,378$1,834$1,399$1,055$789$366
25 years$2,258$1,722$1,295$964$710$316
26 years$2,148$1,618$1,201$881$640$274
27 years$2,047$1,523$1,116$807$577$237
28 years$1,952$1,435$1,037$739$520$205
29 years$1,865$1,354$965$678$470$178
30 years$1,783$1,278$899$622$425$154
31 years$1,707$1,208$838$571$384$134
32 years$1,636$1,143$782$525$347$116
33 years$1,569$1,083$730$483$314$101
34 years$1,506$1,026$682$444$285$87
35 years$1,447$973$638$409$258$76
36 years$1,391$924$597$377$234$66
37 years$1,339$878$558$347$212$57
38 years$1,289$834$523$320$192$50
39 years$1,242$793$490$295$174$43
40 years$1,198$754$459$272$158$37
41 years$1,155$718$431$251$143$32
42 years$1,115$684$404$232$130$28
43 years$1,077$652$379$214$118$24
44 years$1,041$621$356$197$107$21
45 years$1,006$592$334$182$97$18
46 years$973$565$314$168$88$16
47 years$942$539$295$156$80$14
48 years$912$515$277$144$73$12
49 years$883$492$260$133$66$11
50 years$855$470$245$123$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $876,000, adding $2,578 every year, while hoping to spend $20,596 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: 30/40/30 Blend
67$876,000$876,000$876,000$876,000
68$968,011$921,583$908,005$988,088
69$1,044,834$944,827$916,509$1,027,356
70$1,128,803$968,519$924,608$1,067,610
71$1,220,625$992,660$932,266$1,110,513
72$1,321,078$1,017,250$939,446$1,156,311
73$1,431,019$1,042,287$946,109$1,205,274
74$1,551,393$1,067,769$952,214$1,257,702
75$1,683,240$1,093,694$957,718$1,313,924
76$1,827,703$1,120,057$962,574$1,374,301
77$1,986,043$1,146,855$966,735$1,439,235
78$2,159,650$1,174,081$970,151$1,509,165
79$2,350,052$1,201,729$972,769$1,584,580
80$2,558,934$1,229,790$974,533$1,666,014
81$2,788,151$1,258,255$975,385$1,754,060
82$3,039,746$1,287,114$975,264$1,849,370
83$3,315,971$1,316,353$974,107$1,952,662
84$3,619,305$1,345,960$971,845$2,064,730
85$3,952,480$1,375,918$968,407$2,186,448
86$4,318,506$1,406,210$963,721$2,318,782
87$4,720,696$1,436,817$957,709$2,462,796
88$5,162,703$1,467,717$950,288$2,619,661
89$5,648,551$1,498,888$941,375$2,790,673
90$6,182,672$1,530,302$930,880$2,977,257
91$6,769,949$1,561,931$918,709$3,180,989
92$7,415,762$1,593,744$904,764$3,403,603
93$8,126,040$1,625,708$888,944$3,647,012
94$8,907,313$1,657,784$871,140$3,913,328
95$9,766,777$1,689,934$851,242$4,204,877
96$10,712,361$1,722,113$829,130$4,524,227
97$11,752,799$1,754,273$804,683$4,874,207
98$12,897,716$1,786,365$777,772$5,257,938
99$14,157,719$1,818,332$748,263$5,678,861
100$15,544,491$1,850,116$716,015$6,140,771