Can I retire at age 68 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$67,302$66,702$66,118$65,547$64,989$64,204
2 years$33,318$32,697$32,096$31,513$30,947$30,157
3 years$21,991$21,368$20,768$20,191$19,634$18,863
4 years$16,329$15,708$15,114$14,546$14,003$13,258
5 years$12,933$12,315$11,729$11,173$10,645$9,927
6 years$10,669$10,056$9,479$8,935$8,423$7,734
7 years$9,053$8,445$7,877$7,346$6,850$6,190
8 years$7,841$7,239$6,680$6,162$5,683$5,051
9 years$6,899$6,303$5,754$5,249$4,786$4,183
10 years$6,146$5,556$5,016$4,525$4,078$3,503
11 years$5,531$4,946$4,416$3,938$3,507$2,959
12 years$5,018$4,439$3,919$3,454$3,039$2,518
13 years$4,584$4,012$3,502$3,049$2,650$2,156
14 years$4,213$3,647$3,146$2,707$2,323$1,854
15 years$3,892$3,331$2,841$2,414$2,045$1,601
16 years$3,611$3,056$2,575$2,162$1,808$1,388
17 years$3,363$2,815$2,344$1,942$1,603$1,206
18 years$3,143$2,601$2,139$1,750$1,425$1,051
19 years$2,947$2,411$1,958$1,581$1,270$917
20 years$2,770$2,240$1,797$1,432$1,135$802
21 years$2,610$2,086$1,653$1,300$1,015$703
22 years$2,465$1,948$1,524$1,182$910$617
23 years$2,333$1,822$1,407$1,076$817$542
24 years$2,212$1,707$1,301$982$734$476
25 years$2,101$1,602$1,205$897$661$419
26 years$1,999$1,505$1,118$820$595$369
27 years$1,904$1,417$1,038$750$537$325
28 years$1,816$1,335$965$688$484$287
29 years$1,735$1,259$898$630$437$253
30 years$1,659$1,189$836$579$395$223
31 years$1,588$1,124$780$531$357$197
32 years$1,522$1,064$727$488$323$174
33 years$1,460$1,007$679$449$292$154
34 years$1,401$955$635$413$265$136
35 years$1,346$906$593$380$240$120
36 years$1,294$860$555$350$217$106
37 years$1,246$816$520$323$197$94
38 years$1,199$776$487$298$179$83
39 years$1,156$738$456$274$162$74
40 years$1,114$702$427$253$147$65
41 years$1,075$668$401$233$133$58
42 years$1,038$636$376$215$121$51
43 years$1,002$606$353$199$110$45
44 years$968$578$331$184$100$40
45 years$936$551$311$170$90$35
46 years$905$526$292$157$82$31
47 years$876$502$274$145$75$28
48 years$848$479$258$134$68$25
49 years$821$457$242$124$61$22
50 years$796$437$228$114$56$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $815,000, adding $4,243 every year, while hoping to spend $22,382 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: 41/30/29 Blend
67$815,000$815,000$815,000$815,000
68$902,507$859,312$846,679$931,668
69$970,748$877,604$851,229$971,489
70$1,045,200$896,042$855,180$1,012,164
71$1,126,472$914,610$858,491$1,055,771
72$1,215,236$933,289$861,114$1,102,594
73$1,312,230$952,061$863,001$1,152,946
74$1,418,269$970,903$864,103$1,207,172
75$1,534,248$989,792$864,366$1,265,655
76$1,661,152$1,008,704$863,734$1,328,815
77$1,800,069$1,027,610$862,148$1,397,116
78$1,952,195$1,046,481$859,548$1,471,073
79$2,118,845$1,065,285$855,870$1,551,249
80$2,301,471$1,083,987$851,045$1,638,271
81$2,501,669$1,102,551$845,003$1,732,825
82$2,721,199$1,120,936$837,671$1,835,674
83$2,961,999$1,139,099$828,970$1,947,655
84$3,226,202$1,156,994$818,820$2,069,693
85$3,516,160$1,174,572$807,135$2,202,810
86$3,834,461$1,191,779$793,827$2,348,133
87$4,183,958$1,208,557$778,802$2,506,904
88$4,567,792$1,224,848$761,963$2,680,494
89$4,989,425$1,240,584$743,207$2,870,417
90$5,452,670$1,255,696$722,428$3,078,341
91$5,961,728$1,270,110$699,514$3,306,107
92$6,521,225$1,283,746$674,349$3,555,746
93$7,136,259$1,296,519$646,809$3,829,498
94$7,812,449$1,308,340$616,768$4,129,835
95$8,555,980$1,319,110$584,092$4,459,481
96$9,373,672$1,328,728$548,641$4,821,443
97$10,273,035$1,337,085$510,269$5,219,037
98$11,262,346$1,344,063$468,824$5,655,921
99$12,350,722$1,349,539$424,146$6,136,126
100$13,548,211$1,353,381$376,070$6,664,101