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%16.4%
1 years$66,476$65,884$65,306$64,742$64,192$62,513
2 years$32,909$32,296$31,702$31,126$30,568$28,888
3 years$21,721$21,106$20,513$19,943$19,393$17,765
4 years$16,129$15,515$14,928$14,368$13,831$12,267
5 years$12,774$12,164$11,585$11,036$10,514$9,018
6 years$10,538$9,933$9,362$8,825$8,320$6,893
7 years$8,942$8,342$7,780$7,256$6,766$5,410
8 years$7,745$7,150$6,598$6,087$5,613$4,326
9 years$6,815$6,226$5,683$5,185$4,727$3,508
10 years$6,071$5,488$4,955$4,469$4,028$2,875
11 years$5,463$4,885$4,362$3,889$3,464$2,376
12 years$4,956$4,385$3,871$3,412$3,002$1,977
13 years$4,528$3,963$3,459$3,012$2,618$1,653
14 years$4,162$3,602$3,108$2,674$2,295$1,389
15 years$3,844$3,290$2,806$2,384$2,020$1,171
16 years$3,566$3,019$2,544$2,135$1,786$990
17 years$3,322$2,780$2,315$1,918$1,583$839
18 years$3,105$2,569$2,113$1,729$1,408$713
19 years$2,910$2,381$1,934$1,562$1,255$606
20 years$2,736$2,213$1,775$1,415$1,121$517
21 years$2,578$2,061$1,633$1,284$1,003$441
22 years$2,435$1,924$1,505$1,167$899$376
23 years$2,305$1,799$1,390$1,063$807$322
24 years$2,185$1,686$1,285$970$725$275
25 years$2,075$1,582$1,190$886$653$235
26 years$1,974$1,487$1,104$810$588$202
27 years$1,881$1,399$1,025$741$530$173
28 years$1,794$1,319$953$679$478$148
29 years$1,714$1,244$887$623$432$127
30 years$1,639$1,175$826$572$390$109
31 years$1,569$1,110$770$525$353$93
32 years$1,503$1,051$719$482$319$80
33 years$1,442$995$671$444$289$69
34 years$1,384$943$627$408$261$59
35 years$1,330$895$586$376$237$51
36 years$1,279$849$548$346$215$43
37 years$1,230$806$513$319$194$37
38 years$1,185$766$481$294$176$32
39 years$1,141$729$450$271$160$28
40 years$1,101$693$422$250$145$24
41 years$1,062$660$396$231$132$20
42 years$1,025$629$371$213$119$17
43 years$990$599$348$196$108$15
44 years$956$571$327$181$98$13
45 years$925$544$307$168$89$11
46 years$894$519$288$155$81$9
47 years$865$496$271$143$74$8
48 years$838$473$255$132$67$7
49 years$811$452$239$122$61$6
50 years$786$432$225$113$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $805,000, adding $6,554 every year, while hoping to spend $44,120 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: 71/19/10 Blend
67$805,000$805,000$805,000$805,000
68$893,870$851,205$838,728$955,143
69$938,102$845,971$819,882$991,329
70$985,366$839,002$798,926$1,024,880
71$1,035,926$830,165$775,743$1,060,412
72$1,090,070$819,323$750,209$1,098,109
73$1,148,114$806,326$722,198$1,138,176
74$1,210,404$791,018$691,574$1,180,840
75$1,277,320$773,234$658,197$1,226,350
76$1,349,282$752,797$621,921$1,274,983
77$1,426,745$729,521$582,593$1,327,045
78$1,510,216$703,210$540,052$1,382,874
79$1,600,245$673,654$494,131$1,442,844
80$1,697,441$640,634$444,655$1,507,369
81$1,802,471$603,916$391,442$1,576,906
82$1,916,068$563,254$334,301$1,651,959
83$2,039,040$518,386$273,032$1,733,088
84$2,172,271$469,036$207,429$1,820,910
85$2,316,738$414,914$137,273$1,916,106
86$2,473,512$355,712$62,338$2,019,431
87$2,643,771$291,102$0$2,131,719
88$2,828,813$220,743$0$2,255,770
89$3,030,063$144,271$0$2,397,942
90$3,249,091$61,302$0$2,552,727
91$3,487,623$0$0$2,721,395
92$3,747,561$0$0$2,911,322
93$4,030,994$0$0$3,132,430
94$4,340,225$0$0$3,373,701
95$4,677,786$0$0$3,637,117
96$5,046,467$0$0$3,924,859
97$5,449,337$0$0$4,239,330
98$5,889,776$0$0$4,583,171
99$6,371,504$0$0$4,959,294
100$6,898,620$0$0$5,370,904