Can I retire at age 68 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$66,641$66,048$65,469$64,903$64,351$63,946
2 years$32,991$32,376$31,781$31,203$30,643$30,234
3 years$21,775$21,158$20,564$19,992$19,441$19,042
4 years$16,169$15,554$14,966$14,403$13,866$13,478
5 years$12,806$12,194$11,614$11,063$10,541$10,166
6 years$10,564$9,957$9,386$8,847$8,340$7,980
7 years$8,964$8,362$7,800$7,274$6,783$6,436
8 years$7,764$7,168$6,615$6,102$5,627$5,295
9 years$6,832$6,241$5,697$5,197$4,739$4,420
10 years$6,086$5,501$4,967$4,480$4,038$3,733
11 years$5,476$4,897$4,373$3,899$3,473$3,181
12 years$4,969$4,396$3,881$3,420$3,009$2,731
13 years$4,539$3,972$3,467$3,019$2,624$2,359
14 years$4,172$3,611$3,115$2,680$2,300$2,048
15 years$3,854$3,298$2,813$2,390$2,025$1,786
16 years$3,575$3,026$2,550$2,140$1,790$1,562
17 years$3,330$2,787$2,321$1,923$1,587$1,371
18 years$3,112$2,575$2,118$1,733$1,411$1,207
19 years$2,918$2,387$1,939$1,566$1,258$1,064
20 years$2,743$2,218$1,780$1,418$1,124$940
21 years$2,585$2,066$1,637$1,287$1,005$832
22 years$2,441$1,929$1,509$1,170$901$738
23 years$2,310$1,804$1,393$1,066$809$655
24 years$2,191$1,690$1,288$972$727$582
25 years$2,081$1,586$1,193$888$654$518
26 years$1,979$1,491$1,107$812$589$461
27 years$1,885$1,403$1,028$743$531$411
28 years$1,799$1,322$955$681$479$366
29 years$1,718$1,247$889$624$433$327
30 years$1,643$1,178$828$573$391$292
31 years$1,572$1,113$772$526$354$261
32 years$1,507$1,053$720$484$320$233
33 years$1,445$998$673$445$290$208
34 years$1,387$945$628$409$262$186
35 years$1,333$897$588$377$237$167
36 years$1,282$851$550$347$215$149
37 years$1,233$808$514$320$195$133
38 years$1,188$768$482$295$177$119
39 years$1,144$731$451$272$160$107
40 years$1,103$695$423$251$145$96
41 years$1,064$662$397$231$132$86
42 years$1,027$630$372$213$120$77
43 years$992$600$349$197$109$69
44 years$959$572$328$182$99$62
45 years$927$546$308$168$90$55
46 years$897$521$289$155$81$50
47 years$868$497$272$143$74$44
48 years$840$474$255$132$67$40
49 years$813$453$240$122$61$36
50 years$788$433$225$113$55$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $807,000, adding $6,918 every year, while hoping to spend $37,249 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: 51/41/8 Blend
67$807,000$807,000$807,000$807,000
68$896,450$853,679$841,170$939,996
69$948,255$855,877$829,717$972,607
70$1,004,096$856,933$816,631$1,003,457
71$1,064,345$856,754$801,820$1,036,113
72$1,129,411$855,238$785,184$1,070,753
73$1,199,744$852,277$766,620$1,107,576
74$1,275,837$847,758$746,021$1,146,801
75$1,358,234$841,560$723,274$1,188,672
76$1,447,532$833,554$698,262$1,233,460
77$1,544,386$823,605$670,860$1,281,466
78$1,649,520$811,568$640,941$1,333,022
79$1,763,728$797,292$608,368$1,388,499
80$1,887,882$780,613$573,003$1,448,306
81$2,022,944$761,361$534,696$1,512,898
82$2,169,971$739,354$493,295$1,582,777
83$2,330,126$714,400$448,639$1,658,503
84$2,504,690$686,297$400,559$1,740,693
85$2,695,071$654,829$348,881$1,830,033
86$2,902,821$619,768$293,421$1,927,281
87$3,129,646$580,874$233,987$2,033,278
88$3,377,425$537,892$170,382$2,148,953
89$3,648,227$490,554$102,394$2,275,337
90$3,944,330$438,575$29,808$2,413,569
91$4,268,241$381,654$0$2,564,911
92$4,622,721$319,474$0$2,734,826
93$5,010,810$251,700$0$2,923,771
94$5,435,856$177,976$0$3,130,927
95$5,901,546$97,930$0$3,358,205
96$6,411,940$11,165$0$3,607,718
97$6,971,510$0$0$3,881,799
98$7,585,182$0$0$4,220,354
99$8,258,378$0$0$4,597,360
100$8,997,076$0$0$5,011,137