Can I retire at age 68 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$66,146$65,557$64,982$64,421$63,873$62,763
2 years$32,745$32,136$31,545$30,972$30,416$29,301
3 years$21,613$21,001$20,411$19,844$19,297$18,212
4 years$16,049$15,438$14,854$14,296$13,763$12,717
5 years$12,710$12,104$11,528$10,981$10,462$9,457
6 years$10,486$9,883$9,316$8,782$8,278$7,316
7 years$8,897$8,300$7,742$7,220$6,733$5,813
8 years$7,707$7,115$6,565$6,056$5,585$4,708
9 years$6,781$6,195$5,655$5,159$4,704$3,869
10 years$6,041$5,460$4,930$4,447$4,008$3,214
11 years$5,436$4,861$4,340$3,870$3,447$2,694
12 years$4,932$4,363$3,852$3,395$2,987$2,273
13 years$4,506$3,943$3,441$2,997$2,605$1,929
14 years$4,141$3,584$3,092$2,660$2,283$1,645
15 years$3,825$3,274$2,792$2,373$2,010$1,408
16 years$3,549$3,004$2,531$2,124$1,777$1,209
17 years$3,305$2,766$2,303$1,909$1,575$1,042
18 years$3,089$2,556$2,103$1,720$1,401$899
19 years$2,896$2,369$1,925$1,554$1,249$777
20 years$2,722$2,202$1,767$1,408$1,115$673
21 years$2,565$2,051$1,625$1,278$998$584
22 years$2,423$1,914$1,498$1,162$895$507
23 years$2,293$1,790$1,383$1,058$803$441
24 years$2,174$1,677$1,279$965$722$384
25 years$2,065$1,574$1,184$881$649$334
26 years$1,964$1,479$1,098$806$585$292
27 years$1,871$1,392$1,020$737$527$254
28 years$1,785$1,312$948$676$476$222
29 years$1,705$1,238$882$620$430$194
30 years$1,630$1,169$822$569$388$169
31 years$1,561$1,105$766$522$351$148
32 years$1,496$1,046$715$480$318$129
33 years$1,434$990$668$441$287$113
34 years$1,377$938$624$406$260$99
35 years$1,323$890$583$374$236$86
36 years$1,272$845$546$344$214$75
37 years$1,224$802$511$317$194$66
38 years$1,179$763$478$292$175$58
39 years$1,136$725$448$270$159$51
40 years$1,095$690$420$249$144$44
41 years$1,056$657$394$229$131$39
42 years$1,020$625$369$212$119$34
43 years$985$596$347$195$108$30
44 years$952$568$325$180$98$26
45 years$920$542$305$167$89$23
46 years$890$517$287$154$81$20
47 years$861$493$270$142$73$17
48 years$834$471$253$131$67$15
49 years$807$450$238$121$60$13
50 years$782$429$224$112$55$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $801,000, adding $2,013 every year, while hoping to spend $30,192 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: 76/18/6 Blend
67$801,000$801,000$801,000$801,000
68$884,778$842,325$829,910$951,347
69$942,902$851,475$825,588$1,004,508
70$1,005,942$860,062$820,109$1,058,676
71$1,074,368$868,025$813,403$1,117,164
72$1,148,697$875,302$805,396$1,180,389
73$1,229,497$881,825$796,009$1,248,808
74$1,317,394$887,521$785,163$1,322,927
75$1,413,073$892,316$772,772$1,403,303
76$1,517,294$896,126$758,747$1,490,547
77$1,630,888$898,866$742,994$1,585,335
78$1,754,771$900,443$725,418$1,688,413
79$1,889,953$900,760$705,914$1,800,599
80$2,037,543$899,713$684,377$1,922,797
81$2,198,764$897,190$660,696$2,056,004
82$2,374,962$893,077$634,753$2,201,318
83$2,567,618$887,247$606,427$2,359,947
84$2,778,362$879,569$575,589$2,533,226
85$3,008,991$869,904$542,108$2,722,623
86$3,261,482$858,103$505,842$2,929,759
87$3,538,012$844,010$466,647$3,156,419
88$3,840,981$827,457$424,371$3,404,570
89$4,173,028$808,269$378,854$3,676,382
90$4,537,062$786,260$329,931$3,974,244
91$4,936,287$761,231$277,428$4,300,793
92$5,374,230$732,974$221,165$4,658,932
93$5,854,779$701,267$160,951$5,051,863
94$6,382,214$665,876$96,590$5,483,115
95$6,961,250$626,554$27,876$5,956,577
96$7,597,081$583,039$0$6,476,538
97$8,295,429$535,054$0$7,050,633
98$9,062,597$482,306$0$7,683,255
99$9,905,529$424,486$0$8,378,376
100$10,831,874$361,267$0$9,142,339