Can I retire at age 68 with 804,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$66,394$65,802$65,225$64,662$64,112$63,050
2 years$32,868$32,256$31,663$31,088$30,530$29,463
3 years$21,694$21,080$20,488$19,918$19,369$18,331
4 years$16,109$15,496$14,910$14,350$13,814$12,812
5 years$12,758$12,149$11,571$11,022$10,501$9,538
6 years$10,525$9,920$9,351$8,814$8,309$7,387
7 years$8,931$8,331$7,771$7,247$6,758$5,876
8 years$7,736$7,141$6,590$6,079$5,606$4,765
9 years$6,806$6,218$5,676$5,178$4,721$3,920
10 years$6,063$5,481$4,949$4,464$4,023$3,261
11 years$5,456$4,879$4,357$3,885$3,460$2,736
12 years$4,950$4,379$3,866$3,407$2,998$2,312
13 years$4,523$3,958$3,454$3,008$2,614$1,965
14 years$4,156$3,597$3,104$2,670$2,292$1,678
15 years$3,839$3,286$2,802$2,381$2,018$1,438
16 years$3,562$3,015$2,541$2,132$1,783$1,237
17 years$3,318$2,777$2,312$1,916$1,581$1,067
18 years$3,101$2,566$2,110$1,727$1,406$922
19 years$2,907$2,378$1,932$1,560$1,253$798
20 years$2,733$2,210$1,773$1,413$1,119$693
21 years$2,575$2,058$1,631$1,282$1,002$602
22 years$2,432$1,921$1,503$1,166$898$524
23 years$2,302$1,797$1,388$1,062$806$456
24 years$2,182$1,684$1,284$969$724$397
25 years$2,073$1,580$1,189$884$652$347
26 years$1,972$1,485$1,103$809$587$303
27 years$1,878$1,398$1,024$740$529$264
28 years$1,792$1,317$952$678$478$231
29 years$1,712$1,242$886$622$431$202
30 years$1,637$1,173$825$571$390$177
31 years$1,567$1,109$769$524$352$155
32 years$1,501$1,049$718$482$319$135
33 years$1,440$994$670$443$288$119
34 years$1,382$942$626$408$261$104
35 years$1,328$893$585$375$237$91
36 years$1,277$848$548$346$214$80
37 years$1,229$805$513$318$194$70
38 years$1,183$765$480$293$176$61
39 years$1,140$728$450$271$160$54
40 years$1,099$692$421$250$145$47
41 years$1,060$659$395$230$131$41
42 years$1,024$628$371$213$119$36
43 years$989$598$348$196$108$32
44 years$955$570$327$181$98$28
45 years$924$544$307$167$89$24
46 years$893$519$288$155$81$21
47 years$864$495$271$143$74$19
48 years$837$473$254$132$67$16
49 years$810$451$239$122$61$14
50 years$785$431$225$113$55$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $804,000, adding $5,840 every year, while hoping to spend $32,348 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: 67/9/24 Blend
67$804,000$804,000$804,000$804,000
68$892,032$849,420$836,958$945,929
69$948,601$856,624$830,578$990,061
70$1,009,856$863,096$822,900$1,034,083
71$1,076,241$868,767$813,847$1,081,477
72$1,148,244$873,563$803,337$1,132,579
73$1,226,401$877,403$791,285$1,187,754
74$1,311,302$880,205$777,601$1,247,410
75$1,403,598$881,877$762,194$1,311,994
76$1,504,001$882,326$744,964$1,382,000
77$1,613,299$881,450$725,810$1,457,975
78$1,732,356$879,141$704,625$1,540,519
79$1,862,123$875,286$681,297$1,630,296
80$2,003,649$869,764$655,709$1,728,041
81$2,158,084$862,446$627,739$1,834,562
82$2,326,700$853,196$597,259$1,950,751
83$2,510,891$841,871$564,135$2,077,593
84$2,712,197$828,317$528,228$2,216,174
85$2,932,309$812,373$489,392$2,367,693
86$3,173,092$793,866$447,473$2,533,472
87$3,436,597$772,616$402,314$2,714,970
88$3,725,086$748,430$353,748$2,913,796
89$4,041,046$721,105$301,600$3,131,725
90$4,387,218$690,424$245,689$3,370,716
91$4,766,621$656,161$185,825$3,632,928
92$5,182,577$618,074$121,811$3,920,745
93$5,638,748$575,908$53,440$4,236,794
94$6,139,167$529,394$0$4,583,973
95$6,688,274$478,246$0$4,970,479
96$7,290,962$422,164$0$5,409,766
97$7,952,619$360,830$0$5,892,085
98$8,679,182$293,906$0$6,421,785
99$9,477,189$221,038$0$7,003,660
100$10,353,844$141,850$0$7,642,993