Can I retire at age 68 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$67,385$66,784$66,199$65,627$65,069$64,256
2 years$33,359$32,737$32,135$31,551$30,985$30,167
3 years$22,018$21,394$20,794$20,215$19,658$18,861
4 years$16,349$15,727$15,132$14,564$14,020$13,249
5 years$12,949$12,330$11,743$11,187$10,658$9,916
6 years$10,682$10,069$9,490$8,946$8,433$7,721
7 years$9,064$8,456$7,887$7,355$6,859$6,176
8 years$7,851$7,248$6,688$6,170$5,690$5,037
9 years$6,908$6,311$5,761$5,255$4,792$4,168
10 years$6,154$5,563$5,022$4,530$4,083$3,488
11 years$5,538$4,952$4,422$3,943$3,511$2,946
12 years$5,024$4,445$3,924$3,458$3,043$2,505
13 years$4,590$4,017$3,506$3,053$2,653$2,143
14 years$4,218$3,651$3,150$2,710$2,326$1,842
15 years$3,897$3,335$2,844$2,417$2,048$1,590
16 years$3,615$3,060$2,579$2,164$1,810$1,377
17 years$3,367$2,818$2,346$1,944$1,605$1,196
18 years$3,147$2,604$2,142$1,752$1,427$1,041
19 years$2,950$2,413$1,961$1,583$1,272$908
20 years$2,773$2,243$1,800$1,434$1,136$794
21 years$2,613$2,089$1,655$1,302$1,017$695
22 years$2,468$1,950$1,526$1,183$911$609
23 years$2,336$1,824$1,409$1,078$818$535
24 years$2,215$1,709$1,303$983$735$470
25 years$2,104$1,604$1,207$898$662$413
26 years$2,001$1,507$1,119$821$596$363
27 years$1,907$1,418$1,039$751$537$320
28 years$1,819$1,337$966$688$485$282
29 years$1,737$1,261$899$631$438$248
30 years$1,661$1,191$837$579$396$219
31 years$1,590$1,126$781$532$358$193
32 years$1,524$1,065$728$489$324$171
33 years$1,461$1,009$680$450$293$151
34 years$1,403$956$635$414$265$133
35 years$1,348$907$594$381$240$118
36 years$1,296$861$556$351$218$104
37 years$1,247$817$520$323$197$92
38 years$1,201$777$487$298$179$81
39 years$1,157$739$456$275$162$72
40 years$1,116$703$428$253$147$63
41 years$1,076$669$401$234$133$56
42 years$1,039$637$376$216$121$50
43 years$1,003$607$353$199$110$44
44 years$970$579$331$184$100$39
45 years$937$552$311$170$91$34
46 years$907$526$292$157$82$30
47 years$877$502$275$145$75$27
48 years$849$480$258$134$68$24
49 years$822$458$243$124$62$21
50 years$797$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 $816,000, adding $2,991 every year, while hoping to spend $55,985 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: 65/24/11 Blend
67$816,000$816,000$816,000$816,000
68$902,317$859,069$846,421$958,582
69$934,786$841,596$815,209$979,014
70$968,690$821,390$781,074$994,485
71$1,004,117$798,259$743,861$1,009,965
72$1,041,161$771,998$703,404$1,025,452
73$1,079,924$742,390$659,533$1,040,945
74$1,120,517$709,208$612,068$1,056,446
75$1,163,059$672,208$560,821$1,071,957
76$1,207,680$631,136$505,598$1,087,485
77$1,254,522$585,720$446,194$1,103,041
78$1,303,736$535,673$382,394$1,118,637
79$1,355,490$480,694$313,977$1,134,291
80$1,409,964$420,461$240,709$1,150,027
81$1,467,355$354,639$162,348$1,165,871
82$1,527,877$282,868$78,639$1,181,861
83$1,591,765$204,773$0$1,198,037
84$1,659,272$119,954$0$1,215,707
85$1,730,678$27,992$0$1,243,607
86$1,806,285$0$0$1,272,603
87$1,886,425$0$0$1,321,712
88$1,971,459$0$0$1,381,692
89$2,061,785$0$0$1,445,433
90$2,157,835$0$0$1,513,244
91$2,260,083$0$0$1,585,463
92$2,369,048$0$0$1,662,462
93$2,485,299$0$0$1,744,646
94$2,609,457$0$0$1,832,460
95$2,742,205$0$0$1,926,391
96$2,884,290$0$0$2,026,975
97$3,036,534$0$0$2,134,797
98$3,199,834$0$0$2,250,500
99$3,375,179$0$0$2,374,791
100$3,563,651$0$0$2,508,444