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%13.7%
1 years$67,219$66,621$66,036$65,466$64,910$63,913
2 years$33,277$32,657$32,057$31,474$30,909$29,908
3 years$21,964$21,342$20,743$20,166$19,610$18,635
4 years$16,309$15,688$15,095$14,528$13,986$13,044
5 years$12,917$12,300$11,715$11,159$10,632$9,727
6 years$10,656$10,044$9,467$8,924$8,413$7,545
7 years$9,042$8,435$7,867$7,337$6,842$6,012
8 years$7,832$7,230$6,672$6,155$5,676$4,883
9 years$6,891$6,295$5,747$5,243$4,780$4,024
10 years$6,139$5,549$5,010$4,519$4,073$3,354
11 years$5,524$4,940$4,411$3,933$3,503$2,820
12 years$5,012$4,434$3,914$3,450$3,035$2,387
13 years$4,579$4,007$3,497$3,046$2,647$2,033
14 years$4,208$3,642$3,142$2,704$2,320$1,739
15 years$3,887$3,327$2,837$2,411$2,043$1,494
16 years$3,606$3,053$2,572$2,159$1,806$1,287
17 years$3,359$2,811$2,341$1,940$1,601$1,113
18 years$3,139$2,598$2,137$1,748$1,423$964
19 years$2,943$2,408$1,956$1,580$1,269$837
20 years$2,767$2,237$1,795$1,431$1,133$727
21 years$2,607$2,084$1,651$1,298$1,014$633
22 years$2,462$1,945$1,522$1,180$909$552
23 years$2,330$1,819$1,405$1,075$816$482
24 years$2,210$1,705$1,300$981$733$421
25 years$2,099$1,600$1,204$895$660$368
26 years$1,996$1,503$1,116$819$595$322
27 years$1,902$1,415$1,037$749$536$282
28 years$1,814$1,333$964$687$484$247
29 years$1,733$1,258$897$630$437$217
30 years$1,657$1,188$835$578$395$190
31 years$1,586$1,123$779$531$357$167
32 years$1,520$1,063$727$488$323$146
33 years$1,458$1,006$678$449$292$128
34 years$1,399$954$634$413$264$113
35 years$1,345$905$593$380$239$99
36 years$1,293$859$554$350$217$87
37 years$1,244$815$519$322$197$76
38 years$1,198$775$486$297$178$67
39 years$1,154$737$455$274$162$59
40 years$1,113$701$427$253$147$52
41 years$1,074$667$400$233$133$46
42 years$1,036$636$375$215$121$40
43 years$1,001$606$352$199$110$35
44 years$967$577$331$183$99$31
45 years$935$550$310$169$90$27
46 years$904$525$292$156$82$24
47 years$875$501$274$145$74$21
48 years$847$478$257$134$68$18
49 years$820$457$242$123$61$16
50 years$795$436$227$114$56$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $814,000, adding $2,814 every year, while hoping to spend $53,186 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: 35/42/23 Blend
67$814,000$814,000$814,000$814,000
68$899,931$856,789$844,172$925,065
69$935,134$842,182$815,862$929,285
70$972,146$825,077$784,821$928,760
71$1,011,094$805,295$750,902$927,121
72$1,052,118$782,647$713,950$924,304
73$1,095,370$756,933$673,803$920,239
74$1,141,016$727,940$630,294$914,858
75$1,189,236$695,446$583,245$908,090
76$1,240,228$659,212$532,473$899,862
77$1,294,206$618,988$477,786$890,102
78$1,351,405$574,509$418,982$878,735
79$1,412,082$525,494$355,852$865,687
80$1,476,517$471,646$288,175$850,884
81$1,545,017$412,652$215,725$834,252
82$1,617,918$348,181$138,261$815,717
83$1,695,588$277,884$55,534$795,208
84$1,778,427$201,390$0$772,657
85$1,866,878$118,309$0$756,032
86$1,961,423$28,229$0$752,303
87$2,062,592$0$0$747,836
88$2,170,964$0$0$774,675
89$2,287,177$0$0$817,524
90$2,411,929$0$0$863,605
91$2,545,987$0$0$913,211
92$2,690,192$0$0$966,664
93$2,845,468$0$0$1,024,319
94$3,012,830$0$0$1,086,566
95$3,193,392$0$0$1,153,831
96$3,388,379$0$0$1,226,585
97$3,599,136$0$0$1,305,344
98$3,827,143$0$0$1,390,677
99$4,074,024$0$0$1,483,207
100$4,341,568$0$0$1,583,622