Can I retire at age 68 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$73,661$73,004$72,364$71,739$71,129$70,299
2 years$36,466$35,786$35,128$34,490$33,871$33,035
3 years$24,069$23,387$22,730$22,098$21,489$20,674
4 years$17,872$17,192$16,542$15,920$15,326$14,538
5 years$14,154$13,479$12,837$12,228$11,651$10,891
6 years$11,677$11,006$10,374$9,779$9,219$8,489
7 years$9,908$9,243$8,621$8,040$7,497$6,798
8 years$8,582$7,923$7,311$6,745$6,220$5,551
9 years$7,551$6,898$6,297$5,745$5,238$4,599
10 years$6,727$6,081$5,490$4,952$4,463$3,854
11 years$6,053$5,413$4,833$4,310$3,838$3,258
12 years$5,492$4,859$4,290$3,780$3,326$2,774
13 years$5,018$4,391$3,832$3,337$2,901$2,376
14 years$4,611$3,991$3,443$2,963$2,543$2,045
15 years$4,259$3,646$3,109$2,642$2,239$1,768
16 years$3,952$3,345$2,819$2,366$1,979$1,533
17 years$3,681$3,081$2,565$2,126$1,754$1,333
18 years$3,440$2,847$2,341$1,916$1,560$1,162
19 years$3,225$2,638$2,143$1,731$1,390$1,016
20 years$3,032$2,452$1,967$1,568$1,242$889
21 years$2,857$2,284$1,809$1,423$1,111$779
22 years$2,698$2,132$1,668$1,294$996$684
23 years$2,554$1,994$1,540$1,178$894$601
24 years$2,421$1,868$1,424$1,075$804$529
25 years$2,300$1,753$1,319$981$723$466
26 years$2,188$1,648$1,223$897$651$411
27 years$2,084$1,551$1,136$821$587$362
28 years$1,988$1,461$1,056$752$530$320
29 years$1,899$1,378$983$690$479$282
30 years$1,816$1,302$915$633$432$249
31 years$1,738$1,231$853$582$391$220
32 years$1,666$1,164$796$535$354$195
33 years$1,597$1,103$743$492$320$172
34 years$1,534$1,045$695$452$290$152
35 years$1,473$991$649$416$262$135
36 years$1,417$941$607$383$238$119
37 years$1,363$894$569$353$216$106
38 years$1,313$849$532$326$195$94
39 years$1,265$807$499$300$177$83
40 years$1,220$768$468$277$161$73
41 years$1,176$731$438$255$146$65
42 years$1,136$696$411$236$132$58
43 years$1,097$664$386$218$120$51
44 years$1,060$633$362$201$109$45
45 years$1,025$603$340$186$99$40
46 years$991$575$319$171$90$35
47 years$959$549$300$158$82$31
48 years$928$524$282$146$74$28
49 years$899$501$265$135$67$25
50 years$871$478$249$125$61$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $892,000, adding $2,419 every year, while hoping to spend $32,929 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: 38/33/29 Blend
67$892,000$892,000$892,000$892,000
68$985,479$938,203$924,377$1,014,345
69$1,050,962$949,139$920,308$1,046,759
70$1,122,020$959,507$914,998$1,078,585
71$1,199,188$969,245$908,372$1,112,358
72$1,283,053$978,285$900,350$1,148,278
73$1,374,260$986,557$890,848$1,186,566
74$1,473,522$993,985$879,778$1,227,467
75$1,581,619$1,000,489$867,049$1,271,254
76$1,699,413$1,005,981$852,564$1,318,227
77$1,827,850$1,010,372$836,222$1,368,722
78$1,967,974$1,013,563$817,919$1,423,111
79$2,120,931$1,015,452$797,543$1,481,804
80$2,287,985$1,015,928$774,980$1,545,259
81$2,470,527$1,014,875$750,109$1,613,982
82$2,670,086$1,012,170$722,803$1,688,532
83$2,888,349$1,007,680$692,930$1,769,531
84$3,127,170$1,001,266$660,354$1,857,667
85$3,388,594$992,781$624,928$1,953,699
86$3,674,871$982,067$586,503$2,058,472
87$3,988,478$968,959$544,921$2,172,919
88$4,332,144$953,279$500,018$2,298,071
89$4,708,875$934,842$451,620$2,435,071
90$5,121,980$913,449$399,549$2,585,184
91$5,575,105$888,891$343,617$2,749,806
92$6,072,265$860,946$283,628$2,930,485
93$6,617,883$829,379$219,376$3,128,929
94$7,216,831$793,943$150,649$3,347,029
95$7,874,475$754,373$77,224$3,586,875
96$8,596,728$710,393$0$3,850,775
97$9,390,100$661,709$0$4,141,635
98$10,261,766$608,008$0$4,487,446
99$11,219,629$548,964$0$4,867,484
100$12,272,396$484,228$0$5,285,273