Can I retire at age 68 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$72,504$71,859$71,228$70,613$70,013$67,718
2 years$35,893$35,225$34,577$33,949$33,340$31,049
3 years$23,691$23,020$22,374$21,751$21,152$18,938
4 years$17,591$16,922$16,282$15,671$15,086$12,965
5 years$13,932$13,267$12,636$12,037$11,468$9,447
6 years$11,494$10,834$10,212$9,626$9,074$7,154
7 years$9,753$9,098$8,486$7,914$7,380$5,560
8 years$8,447$7,799$7,197$6,639$6,122$4,402
9 years$7,433$6,790$6,198$5,655$5,156$3,533
10 years$6,622$5,985$5,404$4,874$4,393$2,865
11 years$5,958$5,328$4,758$4,242$3,778$2,342
12 years$5,406$4,782$4,222$3,721$3,274$1,927
13 years$4,939$4,322$3,772$3,285$2,855$1,593
14 years$4,539$3,928$3,389$2,916$2,503$1,322
15 years$4,193$3,589$3,060$2,601$2,204$1,102
16 years$3,890$3,293$2,775$2,329$1,948$920
17 years$3,623$3,032$2,525$2,092$1,727$770
18 years$3,386$2,802$2,305$1,886$1,535$646
19 years$3,174$2,597$2,110$1,704$1,369$543
20 years$2,984$2,413$1,936$1,543$1,222$456
21 years$2,812$2,248$1,781$1,400$1,094$384
22 years$2,656$2,098$1,642$1,273$981$324
23 years$2,514$1,962$1,516$1,160$880$273
24 years$2,383$1,839$1,402$1,058$791$230
25 years$2,264$1,725$1,298$966$712$195
26 years$2,153$1,622$1,204$883$641$164
27 years$2,051$1,526$1,118$808$578$139
28 years$1,957$1,438$1,039$741$522$117
29 years$1,869$1,357$967$679$471$99
30 years$1,787$1,281$901$623$426$84
31 years$1,711$1,211$840$572$385$71
32 years$1,639$1,146$784$526$348$60
33 years$1,572$1,085$732$484$315$51
34 years$1,509$1,029$684$445$285$43
35 years$1,450$976$639$410$258$36
36 years$1,394$926$598$377$234$31
37 years$1,342$880$560$348$212$26
38 years$1,292$836$524$321$192$22
39 years$1,245$795$491$296$174$19
40 years$1,200$756$460$273$158$16
41 years$1,158$720$432$251$144$13
42 years$1,118$686$405$232$130$11
43 years$1,080$653$380$214$118$10
44 years$1,043$623$357$198$107$8
45 years$1,009$594$335$183$97$7
46 years$975$566$314$169$88$6
47 years$944$541$295$156$80$5
48 years$914$516$278$144$73$4
49 years$885$493$261$133$66$4
50 years$857$471$245$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $878,000, adding $5,576 every year, while hoping to spend $37,987 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: 84/6/10 Blend
67$878,000$878,000$878,000$878,000
68$973,308$926,774$913,165$1,053,149
69$1,032,167$931,768$903,338$1,111,179
70$1,095,757$935,733$891,909$1,169,229
71$1,164,520$938,580$878,783$1,231,825
72$1,238,942$940,211$863,863$1,299,401
73$1,319,558$940,525$847,047$1,372,436
74$1,406,955$939,414$828,225$1,451,455
75$1,501,781$936,761$807,286$1,537,038
76$1,604,744$932,444$784,113$1,629,824
77$1,716,629$926,334$758,581$1,730,516
78$1,838,293$918,293$730,562$1,839,886
79$1,970,685$908,175$699,921$1,958,790
80$2,114,844$895,825$666,518$2,088,165
81$2,271,917$881,079$630,205$2,229,048
82$2,443,164$863,763$590,828$2,382,578
83$2,629,972$843,694$548,227$2,550,012
84$2,833,870$820,675$502,233$2,732,735
85$3,056,538$794,502$452,671$2,932,271
86$3,299,827$764,954$399,358$3,150,302
87$3,565,774$731,802$342,101$3,388,678
88$3,856,623$694,800$280,702$3,649,441
89$4,174,844$653,691$214,950$3,934,840
90$4,523,156$608,199$144,629$4,247,352
91$4,904,553$558,036$69,509$4,589,708
92$5,322,334$502,897$0$4,964,917
93$5,780,131$442,457$0$5,377,432
94$6,281,943$376,376$0$5,837,759
95$6,832,175$304,293$0$6,342,530
96$7,435,679$225,825$0$6,896,210
97$8,097,799$140,572$0$7,503,722
98$8,824,422$48,107$0$8,170,488
99$9,622,030$0$0$8,902,481
100$10,497,766$0$0$9,709,716