Can I retire at age 68 with 814,000?

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 $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%11.6%
1 years$67,219$66,621$66,036$65,466$64,910$64,473
2 years$33,277$32,657$32,057$31,474$30,909$30,469
3 years$21,964$21,342$20,743$20,166$19,610$19,180
4 years$16,309$15,688$15,095$14,528$13,986$13,569
5 years$12,917$12,300$11,715$11,159$10,632$10,230
6 years$10,656$10,044$9,467$8,924$8,413$8,025
7 years$9,042$8,435$7,867$7,337$6,842$6,470
8 years$7,832$7,230$6,672$6,155$5,676$5,319
9 years$6,891$6,295$5,747$5,243$4,780$4,438
10 years$6,139$5,549$5,010$4,519$4,073$3,746
11 years$5,524$4,940$4,411$3,933$3,503$3,190
12 years$5,012$4,434$3,914$3,450$3,035$2,737
13 years$4,579$4,007$3,497$3,046$2,647$2,363
14 years$4,208$3,642$3,142$2,704$2,320$2,050
15 years$3,887$3,327$2,837$2,411$2,043$1,786
16 years$3,606$3,053$2,572$2,159$1,806$1,562
17 years$3,359$2,811$2,341$1,940$1,601$1,370
18 years$3,139$2,598$2,137$1,748$1,423$1,204
19 years$2,943$2,408$1,956$1,580$1,269$1,061
20 years$2,767$2,237$1,795$1,431$1,133$937
21 years$2,607$2,084$1,651$1,298$1,014$829
22 years$2,462$1,945$1,522$1,180$909$734
23 years$2,330$1,819$1,405$1,075$816$651
24 years$2,210$1,705$1,300$981$733$578
25 years$2,099$1,600$1,204$895$660$514
26 years$1,996$1,503$1,116$819$595$457
27 years$1,902$1,415$1,037$749$536$407
28 years$1,814$1,333$964$687$484$363
29 years$1,733$1,258$897$630$437$324
30 years$1,657$1,188$835$578$395$289
31 years$1,586$1,123$779$531$357$258
32 years$1,520$1,063$727$488$323$230
33 years$1,458$1,006$678$449$292$205
34 years$1,399$954$634$413$264$184
35 years$1,345$905$593$380$239$164
36 years$1,293$859$554$350$217$147
37 years$1,244$815$519$322$197$131
38 years$1,198$775$486$297$178$117
39 years$1,154$737$455$274$162$105
40 years$1,113$701$427$253$147$94
41 years$1,074$667$400$233$133$84
42 years$1,036$636$375$215$121$75
43 years$1,001$606$352$199$110$67
44 years$967$577$331$183$99$60
45 years$935$550$310$169$90$54
46 years$904$525$292$156$82$48
47 years$875$501$274$145$74$43
48 years$847$478$257$134$68$39
49 years$820$457$242$123$61$35
50 years$795$436$227$114$56$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $814,000, adding $5,548 every year, while hoping to spend $33,109 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: 67/16/17 Blend
67$814,000$814,000$814,000$814,000
68$902,751$859,609$846,992$959,157
69$959,604$866,502$840,138$1,004,440
70$1,021,146$872,623$831,946$1,049,558
71$1,087,821$877,900$822,334$1,098,077
72$1,160,116$882,254$811,219$1,150,330
73$1,238,567$885,604$798,514$1,206,683
74$1,323,764$887,862$784,128$1,267,542
75$1,416,355$888,934$767,963$1,333,352
76$1,517,054$888,723$749,921$1,404,606
77$1,626,646$887,122$729,895$1,481,848
78$1,745,993$884,021$707,777$1,565,677
79$1,876,048$879,301$683,450$1,656,755
80$2,017,854$872,836$656,795$1,755,812
81$2,172,564$864,494$627,687$1,863,654
82$2,341,445$854,133$595,993$1,981,170
83$2,525,890$841,604$561,577$2,109,339
84$2,727,436$826,748$524,295$2,249,245
85$2,947,773$809,397$483,997$2,402,081
86$3,188,761$789,373$440,527$2,569,163
87$3,452,450$766,487$393,720$2,751,944
88$3,741,096$740,541$343,406$2,952,027
89$4,057,184$711,324$289,406$3,171,180
90$4,403,449$678,611$231,533$3,411,352
91$4,782,905$642,167$169,593$3,674,694
92$5,198,870$601,742$103,383$3,963,580
93$5,654,998$557,071$32,691$4,280,625
94$6,155,316$507,876$0$4,628,718
95$6,704,257$453,860$0$5,018,795
96$7,306,705$394,712$0$5,453,445
97$7,968,038$330,103$0$5,930,650
98$8,694,183$259,683$0$6,454,724
99$9,491,667$183,085$0$7,030,426
100$10,367,681$99,920$0$7,663,000