Can I retire at age 68 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$66,228$65,638$65,063$64,501$63,953$63,443
2 years$32,786$32,176$31,584$31,010$30,454$29,940
3 years$21,640$21,027$20,437$19,869$19,321$18,819
4 years$16,069$15,457$14,873$14,314$13,780$13,294
5 years$12,726$12,119$11,542$10,995$10,475$10,006
6 years$10,499$9,896$9,328$8,792$8,289$7,838
7 years$8,909$8,310$7,751$7,229$6,741$6,308
8 years$7,716$7,124$6,574$6,064$5,592$5,177
9 years$6,789$6,202$5,662$5,165$4,710$4,312
10 years$6,048$5,467$4,936$4,452$4,013$3,633
11 years$5,443$4,867$4,346$3,875$3,451$3,088
12 years$4,938$4,368$3,857$3,399$2,991$2,645
13 years$4,511$3,948$3,446$3,001$2,608$2,279
14 years$4,146$3,588$3,096$2,664$2,286$1,973
15 years$3,830$3,278$2,795$2,376$2,013$1,716
16 years$3,553$3,008$2,534$2,127$1,779$1,497
17 years$3,309$2,770$2,306$1,911$1,577$1,310
18 years$3,093$2,559$2,105$1,722$1,402$1,150
19 years$2,900$2,372$1,927$1,556$1,250$1,011
20 years$2,726$2,204$1,769$1,409$1,117$891
21 years$2,569$2,053$1,627$1,279$999$786
22 years$2,426$1,917$1,499$1,163$896$695
23 years$2,296$1,793$1,384$1,059$804$615
24 years$2,177$1,679$1,280$966$723$545
25 years$2,068$1,576$1,186$882$650$483
26 years$1,967$1,481$1,100$807$586$429
27 years$1,874$1,394$1,021$738$528$381
28 years$1,787$1,314$949$677$477$339
29 years$1,707$1,239$884$620$430$301
30 years$1,633$1,170$823$569$389$268
31 years$1,563$1,106$767$523$351$239
32 years$1,497$1,047$716$481$318$213
33 years$1,436$991$668$442$288$189
34 years$1,379$940$625$407$261$169
35 years$1,325$891$584$374$236$150
36 years$1,274$846$546$345$214$134
37 years$1,226$803$511$318$194$120
38 years$1,180$764$479$293$176$107
39 years$1,137$726$449$270$159$95
40 years$1,096$691$420$249$144$85
41 years$1,058$658$394$230$131$76
42 years$1,021$626$370$212$119$68
43 years$986$597$347$196$108$60
44 years$953$569$326$181$98$54
45 years$921$542$306$167$89$48
46 years$891$517$287$154$81$43
47 years$862$494$270$142$73$38
48 years$835$471$254$132$67$34
49 years$808$450$238$122$60$31
50 years$783$430$224$112$55$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $802,000, adding $6,006 every year, while hoping to spend $56,914 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: 63/13/24 Blend
67$802,000$802,000$802,000$802,000
68$889,999$847,493$835,062$940,105
69$920,223$828,464$802,481$955,663
70$951,622$806,595$766,900$965,805
71$984,257$781,687$728,160$975,610
72$1,018,190$753,529$686,093$985,054
73$1,053,491$721,898$640,523$994,110
74$1,090,233$686,557$591,266$1,002,752
75$1,128,496$647,257$538,133$1,010,953
76$1,168,364$603,734$480,921$1,018,686
77$1,209,928$555,708$419,423$1,025,926
78$1,253,287$502,884$353,420$1,032,646
79$1,298,547$444,951$282,685$1,038,820
80$1,345,822$381,577$206,978$1,044,426
81$1,395,237$312,415$126,053$1,049,439
82$1,446,924$237,096$39,648$1,053,838
83$1,501,029$155,232$0$1,057,604
84$1,557,707$66,412$0$1,074,179
85$1,617,129$0$0$1,101,799
86$1,679,480$0$0$1,134,628
87$1,744,958$0$0$1,179,098
88$1,813,781$0$0$1,225,860
89$1,886,186$0$0$1,275,077
90$1,962,429$0$0$1,326,925
91$2,042,790$0$0$1,381,598
92$2,127,574$0$0$1,439,306
93$2,217,113$0$0$1,500,279
94$2,311,770$0$0$1,564,768
95$2,411,940$0$0$1,633,046
96$2,518,055$0$0$1,705,411
97$2,630,587$0$0$1,782,190
98$2,750,051$0$0$1,863,739
99$2,877,012$0$0$1,950,449
100$3,012,086$0$0$2,042,747