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%11.7%
1 years$66,724$66,130$65,550$64,984$64,431$63,971
2 years$33,032$32,416$31,820$31,242$30,681$30,218
3 years$21,802$21,185$20,590$20,017$19,466$19,013
4 years$16,189$15,573$14,984$14,421$13,883$13,444
5 years$12,822$12,209$11,628$11,077$10,554$10,130
6 years$10,577$9,970$9,397$8,858$8,351$7,943
7 years$8,975$8,373$7,809$7,283$6,791$6,400
8 years$7,774$7,177$6,623$6,109$5,634$5,258
9 years$6,840$6,249$5,704$5,204$4,745$4,385
10 years$6,094$5,508$4,973$4,486$4,043$3,699
11 years$5,483$4,903$4,378$3,904$3,477$3,148
12 years$4,975$4,401$3,886$3,424$3,013$2,700
13 years$4,545$3,977$3,472$3,023$2,627$2,329
14 years$4,177$3,615$3,119$2,684$2,303$2,019
15 years$3,858$3,303$2,816$2,393$2,028$1,758
16 years$3,580$3,030$2,553$2,143$1,792$1,536
17 years$3,334$2,791$2,323$1,925$1,589$1,346
18 years$3,116$2,579$2,121$1,735$1,413$1,183
19 years$2,921$2,390$1,942$1,568$1,259$1,042
20 years$2,746$2,221$1,782$1,420$1,125$919
21 years$2,588$2,069$1,639$1,289$1,007$812
22 years$2,444$1,931$1,511$1,172$902$719
23 years$2,313$1,806$1,395$1,067$810$637
24 years$2,193$1,692$1,290$973$728$566
25 years$2,083$1,588$1,195$889$655$502
26 years$1,982$1,492$1,108$813$590$447
27 years$1,888$1,404$1,029$744$532$397
28 years$1,801$1,323$957$682$480$354
29 years$1,720$1,249$890$625$433$315
30 years$1,645$1,179$829$574$392$281
31 years$1,574$1,115$773$527$354$251
32 years$1,509$1,055$721$484$320$223
33 years$1,447$999$673$445$290$199
34 years$1,389$947$629$410$262$178
35 years$1,335$898$588$377$238$159
36 years$1,283$852$550$347$215$142
37 years$1,235$809$515$320$195$127
38 years$1,189$769$482$295$177$113
39 years$1,146$731$452$272$160$101
40 years$1,105$696$424$251$146$91
41 years$1,066$662$397$231$132$81
42 years$1,029$631$373$214$120$72
43 years$994$601$350$197$109$65
44 years$960$573$328$182$99$58
45 years$928$546$308$168$90$52
46 years$898$521$289$155$81$46
47 years$869$497$272$143$74$42
48 years$841$475$255$133$67$37
49 years$814$453$240$123$61$33
50 years$789$433$226$113$55$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $808,000, adding $4,453 every year, while hoping to spend $58,435 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: 86/8/6 Blend
67$808,000$808,000$808,000$808,000
68$895,009$852,185$839,661$971,371
69$924,126$831,768$805,616$1,001,393
70$954,254$808,392$768,471$1,025,865
71$985,435$781,850$728,061$1,050,871
72$1,017,712$751,924$684,215$1,076,426
73$1,051,132$718,381$636,749$1,102,542
74$1,085,744$680,979$585,477$1,129,234
75$1,121,600$639,456$530,200$1,156,517
76$1,158,753$593,540$470,712$1,184,407
77$1,197,263$542,940$406,798$1,212,922
78$1,237,191$487,351$338,233$1,242,080
79$1,278,603$426,450$264,782$1,271,904
80$1,321,567$359,893$186,199$1,302,414
81$1,366,160$287,320$102,229$1,333,636
82$1,412,459$208,350$12,605$1,365,596
83$1,460,550$122,579$0$1,398,324
84$1,510,523$29,582$0$1,437,167
85$1,562,474$0$0$1,478,053
86$1,616,507$0$0$1,526,489
87$1,672,734$0$0$1,579,603
88$1,731,273$0$0$1,634,903
89$1,792,253$0$0$1,692,510
90$1,855,811$0$0$1,752,555
91$1,922,095$0$0$1,815,177
92$1,991,266$0$0$1,880,529
93$2,063,495$0$0$1,948,773
94$2,138,969$0$0$2,020,086
95$2,217,889$0$0$2,094,657
96$2,300,471$0$0$2,172,693
97$2,386,953$0$0$2,254,417
98$2,477,588$0$0$2,340,070
99$2,572,654$0$0$2,429,914
100$2,672,451$0$0$2,524,234