Can I retire at age 68 with 897,000?

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 $897,000?

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$74,073$73,414$72,770$72,142$71,528$70,027
2 years$36,670$35,987$35,325$34,683$34,061$32,555
3 years$24,204$23,518$22,858$22,222$21,610$20,147
4 years$17,972$17,288$16,635$16,010$15,412$14,004
5 years$14,234$13,554$12,909$12,297$11,716$10,365
6 years$11,743$11,068$10,432$9,834$9,271$7,979
7 years$9,964$9,295$8,669$8,085$7,539$6,308
8 years$8,630$7,967$7,352$6,782$6,255$5,083
9 years$7,594$6,937$6,333$5,777$5,267$4,154
10 years$6,765$6,115$5,521$4,980$4,488$3,432
11 years$6,087$5,444$4,861$4,334$3,860$2,860
12 years$5,523$4,886$4,314$3,802$3,345$2,400
13 years$5,046$4,415$3,854$3,356$2,917$2,025
14 years$4,637$4,013$3,463$2,979$2,557$1,716
15 years$4,283$3,666$3,126$2,657$2,251$1,460
16 years$3,974$3,364$2,835$2,379$1,990$1,246
17 years$3,701$3,098$2,579$2,138$1,764$1,066
18 years$3,459$2,863$2,355$1,926$1,569$914
19 years$3,243$2,653$2,156$1,741$1,398$785
20 years$3,049$2,465$1,978$1,576$1,249$676
21 years$2,873$2,296$1,820$1,431$1,118$582
22 years$2,713$2,144$1,677$1,301$1,002$502
23 years$2,568$2,005$1,548$1,185$899$433
24 years$2,435$1,878$1,432$1,081$808$375
25 years$2,313$1,763$1,326$987$727$324
26 years$2,200$1,657$1,230$902$655$280
27 years$2,096$1,559$1,142$826$591$243
28 years$1,999$1,469$1,062$757$533$210
29 years$1,909$1,386$988$694$481$182
30 years$1,826$1,309$920$637$435$158
31 years$1,748$1,237$858$585$393$137
32 years$1,675$1,171$801$538$356$119
33 years$1,606$1,109$748$494$322$103
34 years$1,542$1,051$698$455$291$89
35 years$1,482$997$653$419$264$78
36 years$1,425$946$611$386$239$67
37 years$1,371$899$572$355$217$58
38 years$1,320$854$535$327$196$51
39 years$1,272$812$502$302$178$44
40 years$1,226$773$470$278$162$38
41 years$1,183$735$441$257$147$33
42 years$1,142$700$414$237$133$29
43 years$1,103$667$388$219$121$25
44 years$1,066$636$364$202$110$22
45 years$1,030$607$342$187$99$19
46 years$997$579$321$172$90$16
47 years$964$552$302$159$82$14
48 years$933$527$284$147$74$12
49 years$904$503$267$136$68$11
50 years$876$481$251$126$61$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $897,000, adding $4,969 every year, while hoping to spend $46,331 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: 72/21/7 Blend
67$897,000$897,000$897,000$897,000
68$993,620$946,079$932,175$1,063,786
69$1,045,673$943,141$914,107$1,107,817
70$1,101,483$938,506$893,881$1,149,749
71$1,161,384$932,042$871,376$1,194,362
72$1,225,742$923,610$846,464$1,241,909
73$1,294,961$913,060$819,014$1,292,667
74$1,369,483$900,235$788,886$1,346,942
75$1,449,792$884,969$755,936$1,405,072
76$1,536,422$867,084$720,011$1,467,430
77$1,629,960$846,393$680,954$1,534,429
78$1,731,048$822,698$638,598$1,606,523
79$1,840,394$795,790$592,771$1,684,217
80$1,958,776$765,446$543,290$1,768,064
81$2,087,049$731,430$489,968$1,858,678
82$2,226,153$693,495$432,607$1,956,736
83$2,377,121$651,377$371,000$2,062,985
84$2,541,091$604,799$304,933$2,178,252
85$2,719,314$553,465$234,179$2,303,446
86$2,913,165$497,065$158,505$2,439,576
87$3,124,157$435,271$77,664$2,587,751
88$3,353,957$367,736$0$2,749,199
89$3,604,398$294,092$0$2,925,917
90$3,877,496$213,952$0$3,124,990
91$4,175,471$126,906$0$3,342,281
92$4,500,768$32,524$0$3,579,636
93$4,856,077$0$0$3,839,087
94$5,244,358$0$0$4,138,973
95$5,668,872$0$0$4,475,103
96$6,133,209$0$0$4,842,808
97$6,641,320$0$0$5,245,223
98$7,197,558$0$0$5,685,800
99$7,806,716$0$0$6,168,342
100$8,474,070$0$0$6,697,034