Can I retire at age 68 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$66,724$66,130$65,550$64,984$64,431$63,260
2 years$33,032$32,416$31,820$31,242$30,681$29,505
3 years$21,802$21,185$20,590$20,017$19,466$18,322
4 years$16,189$15,573$14,984$14,421$13,883$12,780
5 years$12,822$12,209$11,628$11,077$10,554$9,495
6 years$10,577$9,970$9,397$8,858$8,351$7,337
7 years$8,975$8,373$7,809$7,283$6,791$5,823
8 years$7,774$7,177$6,623$6,109$5,634$4,711
9 years$6,840$6,249$5,704$5,204$4,745$3,866
10 years$6,094$5,508$4,973$4,486$4,043$3,208
11 years$5,483$4,903$4,378$3,904$3,477$2,685
12 years$4,975$4,401$3,886$3,424$3,013$2,263
13 years$4,545$3,977$3,472$3,023$2,627$1,918
14 years$4,177$3,615$3,119$2,684$2,303$1,634
15 years$3,858$3,303$2,816$2,393$2,028$1,397
16 years$3,580$3,030$2,553$2,143$1,792$1,198
17 years$3,334$2,791$2,323$1,925$1,589$1,030
18 years$3,116$2,579$2,121$1,735$1,413$888
19 years$2,921$2,390$1,942$1,568$1,259$766
20 years$2,746$2,221$1,782$1,420$1,125$663
21 years$2,588$2,069$1,639$1,289$1,007$574
22 years$2,444$1,931$1,511$1,172$902$498
23 years$2,313$1,806$1,395$1,067$810$432
24 years$2,193$1,692$1,290$973$728$376
25 years$2,083$1,588$1,195$889$655$327
26 years$1,982$1,492$1,108$813$590$284
27 years$1,888$1,404$1,029$744$532$248
28 years$1,801$1,323$957$682$480$216
29 years$1,720$1,249$890$625$433$188
30 years$1,645$1,179$829$574$392$164
31 years$1,574$1,115$773$527$354$143
32 years$1,509$1,055$721$484$320$125
33 years$1,447$999$673$445$290$109
34 years$1,389$947$629$410$262$95
35 years$1,335$898$588$377$238$83
36 years$1,283$852$550$347$215$72
37 years$1,235$809$515$320$195$63
38 years$1,189$769$482$295$177$55
39 years$1,146$731$452$272$160$48
40 years$1,105$696$424$251$146$42
41 years$1,066$662$397$231$132$37
42 years$1,029$631$373$214$120$32
43 years$994$601$350$197$109$28
44 years$960$573$328$182$99$25
45 years$928$546$308$168$90$21
46 years$898$521$289$155$81$19
47 years$869$497$272$143$74$16
48 years$841$475$255$133$67$14
49 years$814$453$240$123$61$13
50 years$789$433$226$113$55$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $808,000, adding $3,133 every year, while hoping to spend $32,925 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: 46/27/27 Blend
67$808,000$808,000$808,000$808,000
68$893,648$850,824$838,300$927,686
69$949,768$857,482$831,351$958,729
70$1,010,509$863,363$823,066$988,950
71$1,076,307$868,394$813,365$1,021,101
72$1,147,642$872,498$802,164$1,055,381
73$1,225,043$875,591$789,378$1,092,009
74$1,309,089$877,587$774,914$1,131,229
75$1,400,419$878,392$758,677$1,173,312
76$1,499,736$877,907$740,566$1,218,559
77$1,607,812$876,028$720,478$1,267,302
78$1,725,498$872,642$698,303$1,319,910
79$1,853,728$867,631$673,926$1,376,792
80$1,993,534$860,870$647,228$1,438,401
81$2,146,047$852,225$618,083$1,505,240
82$2,312,516$841,556$586,360$1,577,863
83$2,494,313$828,713$551,924$1,656,887
84$2,692,949$813,537$514,630$1,742,993
85$2,910,090$795,860$474,330$1,836,935
86$3,147,566$775,504$430,867$1,939,549
87$3,407,396$752,282$384,079$2,051,757
88$3,691,799$725,992$333,795$2,174,583
89$4,003,222$696,426$279,837$2,309,157
90$4,344,359$663,359$222,019$2,456,728
91$4,718,175$626,555$160,148$2,618,681
92$5,127,937$585,764$94,021$2,796,543
93$5,577,243$540,722$23,427$2,992,004
94$6,070,054$491,151$0$3,206,934
95$6,610,737$436,755$0$3,458,351
96$7,204,098$377,221$0$3,741,758
97$7,855,432$312,221$0$4,052,987
98$8,570,572$241,406$0$4,394,897
99$9,355,945$164,409$0$4,770,641
100$10,218,627$80,841$0$5,183,695