Can I retire at age 68 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$67,632$67,030$66,442$65,868$65,308$65,006
2 years$33,481$32,858$32,253$31,667$31,099$30,794
3 years$22,099$21,473$20,870$20,290$19,731$19,432
4 years$16,409$15,785$15,188$14,618$14,072$13,782
5 years$12,996$12,376$11,787$11,228$10,697$10,417
6 years$10,721$10,106$9,525$8,979$8,464$8,194
7 years$9,097$8,487$7,916$7,382$6,884$6,624
8 years$7,880$7,275$6,713$6,193$5,711$5,461
9 years$6,933$6,334$5,782$5,275$4,809$4,570
10 years$6,177$5,583$5,041$4,547$4,098$3,869
11 years$5,558$4,970$4,438$3,957$3,524$3,305
12 years$5,043$4,461$3,938$3,471$3,054$2,845
13 years$4,607$4,031$3,519$3,064$2,663$2,464
14 years$4,234$3,664$3,162$2,720$2,335$2,144
15 years$3,911$3,348$2,855$2,426$2,055$1,874
16 years$3,628$3,071$2,588$2,172$1,817$1,644
17 years$3,380$2,829$2,355$1,952$1,611$1,447
18 years$3,159$2,614$2,150$1,759$1,432$1,277
19 years$2,961$2,422$1,968$1,589$1,277$1,129
20 years$2,784$2,251$1,806$1,439$1,140$1,001
21 years$2,623$2,097$1,661$1,306$1,020$889
22 years$2,477$1,957$1,531$1,188$915$790
23 years$2,345$1,831$1,414$1,082$821$703
24 years$2,223$1,715$1,308$987$738$627
25 years$2,112$1,610$1,211$901$664$560
26 years$2,009$1,513$1,123$824$598$500
27 years$1,914$1,424$1,043$754$539$447
28 years$1,825$1,341$970$691$487$400
29 years$1,743$1,266$902$634$439$358
30 years$1,667$1,195$840$581$397$320
31 years$1,596$1,130$783$534$359$287
32 years$1,529$1,069$731$491$325$257
33 years$1,467$1,012$683$451$294$231
34 years$1,408$960$638$415$266$207
35 years$1,353$910$596$382$241$186
36 years$1,301$864$558$352$218$167
37 years$1,252$820$522$324$198$150
38 years$1,205$780$489$299$179$135
39 years$1,161$741$458$276$163$121
40 years$1,120$705$429$254$148$109
41 years$1,080$671$403$235$134$98
42 years$1,043$639$378$216$121$88
43 years$1,007$609$354$200$110$79
44 years$973$581$333$185$100$71
45 years$941$554$312$170$91$64
46 years$910$528$293$157$82$57
47 years$880$504$276$145$75$52
48 years$852$481$259$134$68$46
49 years$825$460$243$124$62$42
50 years$800$439$229$115$56$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $819,000, adding $3,410 every year, while hoping to spend $30,569 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: 67/24/9 Blend
67$819,000$819,000$819,000$819,000
68$906,055$862,648$849,954$964,923
69$965,948$872,393$845,902$1,014,217
70$1,030,925$881,591$840,690$1,064,108
71$1,101,473$890,182$834,247$1,117,847
72$1,178,126$898,104$826,497$1,175,808
73$1,261,474$905,290$817,364$1,238,400
74$1,352,163$911,668$806,765$1,306,076
75$1,450,907$917,163$794,614$1,379,335
76$1,558,488$921,692$780,822$1,458,726
77$1,675,769$925,171$765,295$1,544,857
78$1,803,700$927,507$747,935$1,638,396
79$1,943,326$928,603$728,639$1,740,081
80$2,095,796$928,355$707,300$1,850,725
81$2,262,377$926,655$683,804$1,971,224
82$2,444,463$923,384$658,035$2,102,569
83$2,643,588$918,420$629,869$2,245,849
84$2,861,443$911,631$599,178$2,402,267
85$3,099,887$902,878$565,828$2,573,150
86$3,360,970$892,014$529,678$2,759,960
87$3,646,947$878,881$490,580$2,964,310
88$3,960,304$863,314$448,383$3,187,978
89$4,303,776$845,137$402,924$3,432,926
90$4,680,377$824,165$354,038$3,701,317
91$5,093,426$800,200$301,549$3,995,536
92$5,546,580$773,034$245,275$4,318,212
93$6,043,864$742,445$185,025$4,672,245
94$6,589,714$708,202$120,600$5,060,834
95$7,189,016$670,055$51,791$5,487,504
96$7,847,153$627,745$0$5,956,143
97$8,570,053$580,994$0$6,473,116
98$9,364,246$529,511$0$7,046,516
99$10,236,929$472,987$0$7,676,597
100$11,196,028$411,096$0$8,369,131