Can I retire at age 68 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$66,476$65,884$65,306$64,742$64,192$63,734
2 years$32,909$32,296$31,702$31,126$30,568$30,106
3 years$21,721$21,106$20,513$19,943$19,393$18,942
4 years$16,129$15,515$14,928$14,368$13,831$13,394
5 years$12,774$12,164$11,585$11,036$10,514$10,092
6 years$10,538$9,933$9,362$8,825$8,320$7,913
7 years$8,942$8,342$7,780$7,256$6,766$6,376
8 years$7,745$7,150$6,598$6,087$5,613$5,239
9 years$6,815$6,226$5,683$5,185$4,727$4,369
10 years$6,071$5,488$4,955$4,469$4,028$3,685
11 years$5,463$4,885$4,362$3,889$3,464$3,137
12 years$4,956$4,385$3,871$3,412$3,002$2,690
13 years$4,528$3,963$3,459$3,012$2,618$2,320
14 years$4,162$3,602$3,108$2,674$2,295$2,012
15 years$3,844$3,290$2,806$2,384$2,020$1,751
16 years$3,566$3,019$2,544$2,135$1,786$1,530
17 years$3,322$2,780$2,315$1,918$1,583$1,341
18 years$3,105$2,569$2,113$1,729$1,408$1,178
19 years$2,910$2,381$1,934$1,562$1,255$1,038
20 years$2,736$2,213$1,775$1,415$1,121$916
21 years$2,578$2,061$1,633$1,284$1,003$809
22 years$2,435$1,924$1,505$1,167$899$717
23 years$2,305$1,799$1,390$1,063$807$635
24 years$2,185$1,686$1,285$970$725$564
25 years$2,075$1,582$1,190$886$653$501
26 years$1,974$1,487$1,104$810$588$445
27 years$1,881$1,399$1,025$741$530$396
28 years$1,794$1,319$953$679$478$352
29 years$1,714$1,244$887$623$432$314
30 years$1,639$1,175$826$572$390$280
31 years$1,569$1,110$770$525$353$250
32 years$1,503$1,051$719$482$319$223
33 years$1,442$995$671$444$289$199
34 years$1,384$943$627$408$261$177
35 years$1,330$895$586$376$237$158
36 years$1,279$849$548$346$215$142
37 years$1,230$806$513$319$194$126
38 years$1,185$766$481$294$176$113
39 years$1,141$729$450$271$160$101
40 years$1,101$693$422$250$145$90
41 years$1,062$660$396$231$132$81
42 years$1,025$629$371$213$119$72
43 years$990$599$348$196$108$65
44 years$956$571$327$181$98$58
45 years$925$544$307$168$89$52
46 years$894$519$288$155$81$46
47 years$865$496$271$143$74$41
48 years$838$473$255$132$67$37
49 years$811$452$239$122$61$33
50 years$786$432$225$113$55$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $805,000, adding $3,547 every year, while hoping to spend $24,188 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: 40/35/25 Blend
67$805,000$805,000$805,000$805,000
68$890,769$848,104$835,626$919,694
69$955,891$863,925$837,884$956,742
70$1,026,846$879,711$839,406$994,262
71$1,104,201$895,434$840,144$1,034,379
72$1,188,584$911,065$840,043$1,077,345
73$1,280,685$926,572$839,050$1,123,439
74$1,381,262$941,921$837,105$1,172,967
75$1,491,151$957,076$834,149$1,226,269
76$1,611,273$971,997$830,117$1,283,720
77$1,742,640$986,641$824,943$1,345,733
78$1,886,367$1,000,965$818,556$1,412,766
79$2,043,682$1,014,918$810,884$1,485,322
80$2,215,939$1,028,450$801,849$1,563,960
81$2,404,625$1,041,504$791,372$1,649,294
82$2,611,381$1,054,022$779,367$1,742,004
83$2,838,013$1,065,940$765,746$1,842,841
84$3,086,509$1,077,191$750,419$1,952,631
85$3,359,062$1,087,702$733,286$2,072,291
86$3,658,083$1,097,396$714,248$2,202,828
87$3,986,232$1,106,193$693,199$2,345,358
88$4,346,434$1,114,003$670,028$2,501,110
89$4,741,916$1,120,734$644,620$2,671,442
90$5,176,229$1,126,288$616,853$2,857,852
91$5,653,288$1,130,560$586,600$3,061,994
92$6,177,402$1,133,436$553,731$3,285,694
93$6,753,322$1,134,800$518,106$3,530,965
94$7,386,280$1,134,523$479,580$3,800,030
95$8,082,038$1,132,473$438,004$4,095,342
96$8,846,948$1,128,506$393,220$4,419,608
97$9,688,007$1,122,473$345,062$4,775,812
98$10,612,921$1,114,211$293,359$5,167,251
99$11,630,183$1,103,553$237,932$5,597,558
100$12,749,151$1,090,316$178,592$6,070,743