Can I retire at age 68 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$72,670$72,022$71,391$70,774$70,172$68,365
2 years$35,975$35,305$34,656$34,026$33,415$31,607
3 years$23,745$23,072$22,425$21,801$21,200$19,446
4 years$17,631$16,961$16,319$15,706$15,120$13,435
5 years$13,964$13,297$12,664$12,064$11,494$9,882
6 years$11,520$10,858$10,235$9,648$9,095$7,558
7 years$9,775$9,119$8,505$7,932$7,397$5,934
8 years$8,467$7,816$7,213$6,654$6,136$4,748
9 years$7,450$6,806$6,213$5,668$5,168$3,853
10 years$6,637$5,999$5,416$4,886$4,403$3,160
11 years$5,972$5,340$4,768$4,252$3,787$2,613
12 years$5,418$4,793$4,232$3,729$3,281$2,175
13 years$4,950$4,332$3,781$3,293$2,862$1,821
14 years$4,549$3,937$3,397$2,923$2,508$1,530
15 years$4,202$3,597$3,067$2,607$2,209$1,291
16 years$3,899$3,300$2,781$2,334$1,952$1,092
17 years$3,631$3,039$2,530$2,097$1,731$927
18 years$3,394$2,808$2,310$1,890$1,539$787
19 years$3,182$2,603$2,115$1,708$1,372$670
20 years$2,991$2,419$1,941$1,547$1,225$572
21 years$2,818$2,253$1,785$1,404$1,096$488
22 years$2,662$2,103$1,645$1,276$983$417
23 years$2,519$1,967$1,519$1,162$882$357
24 years$2,389$1,843$1,405$1,060$793$305
25 years$2,269$1,729$1,301$968$714$262
26 years$2,158$1,625$1,207$885$643$224
27 years$2,056$1,530$1,121$810$579$192
28 years$1,961$1,441$1,042$742$523$165
29 years$1,873$1,360$969$681$472$141
30 years$1,791$1,284$903$625$427$121
31 years$1,715$1,214$842$574$386$104
32 years$1,643$1,149$785$527$349$90
33 years$1,576$1,088$733$485$316$77
34 years$1,513$1,031$685$446$286$66
35 years$1,454$978$641$411$259$57
36 years$1,398$928$599$378$235$49
37 years$1,345$882$561$349$213$42
38 years$1,295$838$525$321$193$36
39 years$1,248$797$492$296$175$31
40 years$1,203$758$461$273$159$27
41 years$1,161$721$433$252$144$23
42 years$1,120$687$406$233$131$20
43 years$1,082$655$381$215$118$17
44 years$1,046$624$357$198$108$15
45 years$1,011$595$336$183$98$12
46 years$978$568$315$169$89$11
47 years$946$542$296$156$80$9
48 years$916$517$278$144$73$8
49 years$887$494$262$133$66$7
50 years$859$472$246$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $880,000, adding $4,738 every year, while hoping to spend $20,055 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: 34/38/28 Blend
67$880,000$880,000$880,000$880,000
68$974,647$928,007$914,367$999,396
69$1,052,723$952,141$923,660$1,042,603
70$1,138,090$976,786$932,592$1,087,039
71$1,231,471$1,001,944$941,130$1,134,570
72$1,333,663$1,027,621$949,239$1,185,485
73$1,445,539$1,053,817$956,882$1,240,104
74$1,568,067$1,080,537$964,020$1,298,777
75$1,702,307$1,107,780$970,612$1,361,890
76$1,849,430$1,135,549$976,615$1,429,872
77$2,010,725$1,163,844$981,984$1,503,191
78$2,187,610$1,192,664$986,672$1,582,364
79$2,381,649$1,222,007$990,628$1,667,964
80$2,594,563$1,251,871$993,800$1,760,619
81$2,828,249$1,282,253$996,133$1,861,022
82$3,084,796$1,313,149$997,569$1,969,937
83$3,366,504$1,344,553$998,047$2,088,207
84$3,675,910$1,376,458$997,504$2,216,761
85$4,015,804$1,408,856$995,872$2,356,622
86$4,389,263$1,441,737$993,081$2,508,918
87$4,799,677$1,475,091$989,058$2,674,895
88$5,250,778$1,508,905$983,725$2,855,923
89$5,746,680$1,543,164$977,003$3,053,514
90$6,291,914$1,577,851$968,805$3,269,335
91$6,891,472$1,612,949$959,043$3,505,225
92$7,550,856$1,648,437$947,624$3,763,208
93$8,276,125$1,684,292$934,451$4,045,518
94$9,073,957$1,720,489$919,422$4,354,618
95$9,951,707$1,757,001$902,430$4,693,222
96$10,917,484$1,793,796$883,364$5,064,323
97$11,980,216$1,830,841$862,105$5,471,220
98$13,149,745$1,868,099$838,533$5,917,551
99$14,436,914$1,905,531$812,519$6,407,324
100$15,853,670$1,943,092$783,929$6,944,960