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%11.2%
1 years$67,385$66,784$66,199$65,627$65,069$64,740
2 years$33,359$32,737$32,135$31,551$30,985$30,654
3 years$22,018$21,394$20,794$20,215$19,658$19,334
4 years$16,349$15,727$15,132$14,564$14,020$13,706
5 years$12,949$12,330$11,743$11,187$10,658$10,354
6 years$10,682$10,069$9,490$8,946$8,433$8,140
7 years$9,064$8,456$7,887$7,355$6,859$6,577
8 years$7,851$7,248$6,688$6,170$5,690$5,419
9 years$6,908$6,311$5,761$5,255$4,792$4,532
10 years$6,154$5,563$5,022$4,530$4,083$3,834
11 years$5,538$4,952$4,422$3,943$3,511$3,274
12 years$5,024$4,445$3,924$3,458$3,043$2,816
13 years$4,590$4,017$3,506$3,053$2,653$2,437
14 years$4,218$3,651$3,150$2,710$2,326$2,120
15 years$3,897$3,335$2,844$2,417$2,048$1,852
16 years$3,615$3,060$2,579$2,164$1,810$1,624
17 years$3,367$2,818$2,346$1,944$1,605$1,428
18 years$3,147$2,604$2,142$1,752$1,427$1,259
19 years$2,950$2,413$1,961$1,583$1,272$1,113
20 years$2,773$2,243$1,800$1,434$1,136$985
21 years$2,613$2,089$1,655$1,302$1,017$874
22 years$2,468$1,950$1,526$1,183$911$777
23 years$2,336$1,824$1,409$1,078$818$691
24 years$2,215$1,709$1,303$983$735$616
25 years$2,104$1,604$1,207$898$662$549
26 years$2,001$1,507$1,119$821$596$490
27 years$1,907$1,418$1,039$751$537$438
28 years$1,819$1,337$966$688$485$391
29 years$1,737$1,261$899$631$438$350
30 years$1,661$1,191$837$579$396$313
31 years$1,590$1,126$781$532$358$280
32 years$1,524$1,065$728$489$324$251
33 years$1,461$1,009$680$450$293$225
34 years$1,403$956$635$414$265$202
35 years$1,348$907$594$381$240$181
36 years$1,296$861$556$351$218$162
37 years$1,247$817$520$323$197$146
38 years$1,201$777$487$298$179$131
39 years$1,157$739$456$275$162$117
40 years$1,116$703$428$253$147$105
41 years$1,076$669$401$234$133$95
42 years$1,039$637$376$216$121$85
43 years$1,003$607$353$199$110$76
44 years$970$579$331$184$100$69
45 years$937$552$311$170$91$62
46 years$907$526$292$157$82$55
47 years$877$502$275$145$75$50
48 years$849$480$258$134$68$45
49 years$822$458$243$124$62$40
50 years$797$437$228$114$56$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $816,000, adding $4,949 every year, while hoping to spend $27,667 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: 47/32/21 Blend
67$816,000$816,000$816,000$816,000
68$904,337$861,089$848,441$941,223
69$967,142$873,845$847,426$980,255
70$1,035,425$886,298$845,450$1,019,439
71$1,109,718$898,406$842,452$1,061,398
72$1,190,601$910,120$838,366$1,106,406
73$1,278,717$921,390$833,126$1,154,763
74$1,374,771$932,163$826,660$1,206,800
75$1,479,539$942,381$818,895$1,262,885
76$1,593,877$951,982$809,753$1,323,423
77$1,718,725$960,902$799,152$1,388,862
78$1,855,120$969,071$787,008$1,459,696
79$2,004,200$976,414$773,232$1,536,473
80$2,167,223$982,852$757,729$1,619,795
81$2,345,569$988,302$740,403$1,710,328
82$2,540,762$992,673$721,151$1,808,810
83$2,754,476$995,871$699,866$1,916,054
84$2,988,558$997,794$676,437$2,032,956
85$3,245,040$998,334$650,746$2,160,508
86$3,526,159$997,378$622,672$2,299,804
87$3,834,382$994,805$592,086$2,452,054
88$4,172,423$990,484$558,855$2,618,591
89$4,543,273$984,280$522,839$2,800,888
90$4,950,225$976,048$483,892$3,000,570
91$5,396,908$965,634$441,862$3,219,433
92$5,887,317$952,875$396,590$3,459,457
93$6,425,857$937,599$347,908$3,722,828
94$7,017,375$919,622$295,644$4,011,959
95$7,667,214$898,751$239,615$4,329,513
96$8,381,261$874,780$179,633$4,678,428
97$9,165,997$847,493$115,499$5,061,947
98$10,028,567$816,658$47,006$5,483,647
99$10,976,840$782,034$0$5,947,476
100$12,019,486$743,361$0$6,463,634