Can I retire at age 68 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$66,559$65,966$65,387$64,823$64,272$62,871
2 years$32,950$32,336$31,741$31,165$30,606$29,202
3 years$21,748$21,132$20,539$19,968$19,417$18,054
4 years$16,149$15,534$14,947$14,386$13,849$12,536
5 years$12,790$12,179$11,599$11,049$10,528$9,270
6 years$10,551$9,945$9,374$8,836$8,330$7,128
7 years$8,953$8,352$7,790$7,265$6,775$5,629
8 years$7,755$7,159$6,606$6,094$5,620$4,530
9 years$6,823$6,233$5,690$5,191$4,733$3,698
10 years$6,079$5,494$4,961$4,475$4,033$3,051
11 years$5,470$4,891$4,367$3,894$3,468$2,540
12 years$4,963$4,390$3,876$3,416$3,006$2,128
13 years$4,534$3,967$3,463$3,016$2,621$1,793
14 years$4,167$3,606$3,111$2,677$2,297$1,518
15 years$3,849$3,294$2,809$2,387$2,023$1,289
16 years$3,571$3,023$2,547$2,138$1,788$1,099
17 years$3,326$2,784$2,318$1,921$1,585$939
18 years$3,108$2,572$2,116$1,731$1,409$804
19 years$2,914$2,384$1,937$1,564$1,256$689
20 years$2,739$2,215$1,778$1,417$1,122$592
21 years$2,581$2,063$1,635$1,286$1,004$509
22 years$2,438$1,926$1,507$1,169$900$439
23 years$2,307$1,801$1,391$1,065$808$378
24 years$2,188$1,688$1,287$971$726$326
25 years$2,078$1,584$1,192$887$654$282
26 years$1,977$1,489$1,105$811$589$243
27 years$1,883$1,401$1,026$742$531$210
28 years$1,796$1,320$954$680$479$182
29 years$1,716$1,245$888$624$432$157
30 years$1,641$1,176$827$572$391$136
31 years$1,571$1,112$771$526$353$118
32 years$1,505$1,052$719$483$320$102
33 years$1,443$996$672$444$289$88
34 years$1,386$944$628$409$262$77
35 years$1,331$896$587$376$237$66
36 years$1,280$850$549$346$215$58
37 years$1,232$807$514$319$195$50
38 years$1,186$767$481$294$177$43
39 years$1,143$730$451$271$160$37
40 years$1,102$694$423$250$145$32
41 years$1,063$661$396$231$132$28
42 years$1,026$629$372$213$120$24
43 years$991$600$349$197$108$21
44 years$958$572$327$182$98$18
45 years$926$545$307$168$89$16
46 years$895$520$289$155$81$14
47 years$866$496$271$143$74$12
48 years$839$474$255$132$67$10
49 years$812$452$240$122$61$9
50 years$787$432$225$113$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $806,000, adding $6,319 every year, while hoping to spend $46,230 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: 56/38/6 Blend
67$806,000$806,000$806,000$806,000
68$894,730$852,012$839,519$943,337
69$936,804$844,572$818,455$969,361
70$981,620$835,219$795,135$991,964
71$1,029,410$823,808$769,436$1,015,438
72$1,080,425$810,190$741,227$1,039,871
73$1,134,943$794,204$710,373$1,065,362
74$1,193,268$775,681$676,732$1,092,022
75$1,255,733$754,441$640,154$1,119,976
76$1,322,703$730,294$600,484$1,149,364
77$1,394,578$703,038$557,560$1,180,343
78$1,471,799$672,461$511,213$1,213,089
79$1,554,849$638,338$461,264$1,247,801
80$1,644,257$600,429$407,530$1,284,697
81$1,740,604$558,484$349,816$1,324,026
82$1,844,532$512,235$287,920$1,366,062
83$1,956,741$461,402$221,632$1,411,115
84$2,078,003$405,685$150,732$1,459,528
85$2,209,167$344,772$74,989$1,511,686
86$2,351,165$278,328$0$1,568,016
87$2,505,022$206,004$0$1,629,369
88$2,671,864$127,428$0$1,701,051
89$2,852,930$42,209$0$1,778,865
90$3,049,585$0$0$1,863,487
91$3,263,326$0$0$1,976,603
92$3,495,804$0$0$2,118,896
93$3,748,832$0$0$2,273,834
94$4,024,407$0$0$2,442,649
95$4,324,727$0$0$2,626,694
96$4,652,209$0$0$2,827,461
97$5,009,515$0$0$3,046,591
98$5,399,573$0$0$3,285,890
99$5,825,609$0$0$3,547,347
100$6,291,171$0$0$3,833,150