Can I retire at age 68 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$66,311$65,720$65,144$64,582$64,032$62,739
2 years$32,827$32,216$31,623$31,049$30,492$29,195
3 years$21,667$21,053$20,462$19,893$19,345$18,085
4 years$16,089$15,476$14,891$14,332$13,797$12,583
5 years$12,742$12,134$11,556$11,008$10,488$9,324
6 years$10,512$9,908$9,339$8,803$8,299$7,185
7 years$8,920$8,321$7,761$7,238$6,749$5,687
8 years$7,726$7,132$6,582$6,072$5,599$4,587
9 years$6,798$6,210$5,669$5,172$4,715$3,754
10 years$6,056$5,474$4,942$4,458$4,018$3,105
11 years$5,449$4,873$4,351$3,880$3,455$2,591
12 years$4,944$4,374$3,862$3,403$2,994$2,177
13 years$4,517$3,953$3,450$3,004$2,611$1,839
14 years$4,151$3,593$3,100$2,667$2,289$1,561
15 years$3,834$3,282$2,799$2,379$2,015$1,329
16 years$3,558$3,011$2,538$2,130$1,781$1,136
17 years$3,314$2,773$2,309$1,914$1,579$973
18 years$3,097$2,563$2,108$1,724$1,404$836
19 years$2,903$2,375$1,930$1,558$1,252$719
20 years$2,729$2,207$1,771$1,411$1,118$620
21 years$2,572$2,056$1,629$1,281$1,000$535
22 years$2,429$1,919$1,501$1,165$897$462
23 years$2,299$1,795$1,386$1,061$805$400
24 years$2,180$1,682$1,282$967$724$346
25 years$2,070$1,578$1,187$883$651$300
26 years$1,969$1,483$1,101$808$586$260
27 years$1,876$1,396$1,023$739$529$225
28 years$1,790$1,315$951$677$477$195
29 years$1,709$1,241$885$621$431$170
30 years$1,635$1,172$824$570$389$147
31 years$1,565$1,108$768$524$352$128
32 years$1,499$1,048$717$481$318$111
33 years$1,438$993$669$442$288$97
34 years$1,381$941$625$407$261$84
35 years$1,326$892$585$375$236$73
36 years$1,275$847$547$345$214$63
37 years$1,227$804$512$318$194$55
38 years$1,182$764$479$293$176$48
39 years$1,139$727$449$270$160$42
40 years$1,098$692$421$249$145$36
41 years$1,059$658$395$230$131$32
42 years$1,022$627$370$212$119$27
43 years$987$597$347$196$108$24
44 years$954$569$326$181$98$21
45 years$922$543$306$167$89$18
46 years$892$518$288$154$81$16
47 years$863$494$270$143$73$14
48 years$836$472$254$132$67$12
49 years$809$451$239$122$61$10
50 years$784$430$224$113$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $803,000, adding $3,686 every year, while hoping to spend $57,425 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: 64/15/21 Blend
67$803,000$803,000$803,000$803,000
68$888,708$846,149$833,703$940,569
69$918,257$826,511$800,532$956,290
70$948,894$803,985$764,325$966,649
71$980,672$778,371$724,921$976,637
72$1,013,643$749,454$682,148$986,221
73$1,047,865$717,007$635,830$995,367
74$1,083,398$680,792$585,782$1,004,041
75$1,120,309$640,554$531,809$1,012,207
76$1,158,666$596,027$473,711$1,019,828
77$1,198,544$546,927$411,274$1,026,867
78$1,240,023$492,954$344,280$1,033,285
79$1,283,189$433,792$272,496$1,039,043
80$1,328,133$369,107$195,684$1,044,102
81$1,374,955$298,545$113,591$1,048,419
82$1,423,759$221,733$25,956$1,051,957
83$1,474,662$138,277$0$1,054,672
84$1,527,785$47,760$0$1,071,666
85$1,583,262$0$0$1,094,949
86$1,641,237$0$0$1,127,023
87$1,701,864$0$0$1,168,821
88$1,765,312$0$0$1,212,578
89$1,831,762$0$0$1,258,421
90$1,901,410$0$0$1,306,488
91$1,974,472$0$0$1,356,929
92$2,051,178$0$0$1,409,906
93$2,131,781$0$0$1,465,596
94$2,216,553$0$0$1,524,190
95$2,305,793$0$0$1,585,898
96$2,399,825$0$0$1,650,946
97$2,499,001$0$0$1,719,583
98$2,603,707$0$0$1,792,078
99$2,714,362$0$0$1,868,727
100$2,831,424$0$0$1,949,850