Can I retire at age 68 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$67,219$66,621$66,036$65,466$64,910$63,992
2 years$33,277$32,657$32,057$31,474$30,909$29,987
3 years$21,964$21,342$20,743$20,166$19,610$18,711
4 years$16,309$15,688$15,095$14,528$13,986$13,118
5 years$12,917$12,300$11,715$11,159$10,632$9,797
6 years$10,656$10,044$9,467$8,924$8,413$7,612
7 years$9,042$8,435$7,867$7,337$6,842$6,075
8 years$7,832$7,230$6,672$6,155$5,676$4,943
9 years$6,891$6,295$5,747$5,243$4,780$4,081
10 years$6,139$5,549$5,010$4,519$4,073$3,407
11 years$5,524$4,940$4,411$3,933$3,503$2,870
12 years$5,012$4,434$3,914$3,450$3,035$2,435
13 years$4,579$4,007$3,497$3,046$2,647$2,077
14 years$4,208$3,642$3,142$2,704$2,320$1,781
15 years$3,887$3,327$2,837$2,411$2,043$1,533
16 years$3,606$3,053$2,572$2,159$1,806$1,324
17 years$3,359$2,811$2,341$1,940$1,601$1,146
18 years$3,139$2,598$2,137$1,748$1,423$995
19 years$2,943$2,408$1,956$1,580$1,269$866
20 years$2,767$2,237$1,795$1,431$1,133$754
21 years$2,607$2,084$1,651$1,298$1,014$658
22 years$2,462$1,945$1,522$1,180$909$575
23 years$2,330$1,819$1,405$1,075$816$503
24 years$2,210$1,705$1,300$981$733$441
25 years$2,099$1,600$1,204$895$660$386
26 years$1,996$1,503$1,116$819$595$339
27 years$1,902$1,415$1,037$749$536$298
28 years$1,814$1,333$964$687$484$261
29 years$1,733$1,258$897$630$437$230
30 years$1,657$1,188$835$578$395$202
31 years$1,586$1,123$779$531$357$177
32 years$1,520$1,063$727$488$323$156
33 years$1,458$1,006$678$449$292$137
34 years$1,399$954$634$413$264$121
35 years$1,345$905$593$380$239$106
36 years$1,293$859$554$350$217$94
37 years$1,244$815$519$322$197$83
38 years$1,198$775$486$297$178$73
39 years$1,154$737$455$274$162$64
40 years$1,113$701$427$253$147$56
41 years$1,074$667$400$233$133$50
42 years$1,036$636$375$215$121$44
43 years$1,001$606$352$199$110$39
44 years$967$577$331$183$99$34
45 years$935$550$310$169$90$30
46 years$904$525$292$156$82$26
47 years$875$501$274$145$74$23
48 years$847$478$257$134$68$21
49 years$820$457$242$123$61$18
50 years$795$436$227$114$56$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $814,000, adding $5,148 every year, while hoping to spend $35,796 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: 61/12/27 Blend
67$814,000$814,000$814,000$814,000
68$902,338$859,196$846,579$950,549
69$956,290$863,210$836,853$987,956
70$1,014,545$866,221$825,601$1,024,448
71$1,077,505$868,142$812,735$1,063,518
72$1,145,610$868,880$798,161$1,105,424
73$1,219,345$868,338$781,782$1,150,453
74$1,299,243$866,412$763,497$1,198,922
75$1,385,889$862,990$743,197$1,251,180
76$1,479,929$857,955$720,773$1,307,616
77$1,582,069$851,182$696,107$1,368,656
78$1,693,091$842,541$669,077$1,434,775
79$1,813,850$831,890$639,556$1,506,496
80$1,945,292$819,081$607,409$1,584,397
81$2,088,452$803,957$572,498$1,669,117
82$2,244,475$786,351$534,677$1,761,363
83$2,414,616$766,087$493,794$1,861,914
84$2,600,259$742,978$449,688$1,971,634
85$2,802,928$716,826$402,195$2,091,475
86$3,024,299$687,422$351,140$2,222,489
87$3,266,216$654,545$296,343$2,365,838
88$3,530,713$617,960$237,613$2,522,806
89$3,820,025$577,420$174,752$2,694,810
90$4,136,616$532,662$107,556$2,883,416
91$4,483,199$483,410$35,806$3,090,352
92$4,862,760$429,372$0$3,317,527
93$5,278,587$370,237$0$3,578,790
94$5,734,303$305,678$0$3,876,495
95$6,233,897$235,352$0$4,202,954
96$6,781,763$158,892$0$4,561,073
97$7,382,739$75,915$0$4,954,056
98$8,042,156$0$0$5,385,435
99$8,765,884$0$0$5,860,948
100$9,560,391$0$0$6,394,035