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%18.5%
1 years$67,632$67,030$66,442$65,868$65,308$63,066
2 years$33,481$32,858$32,253$31,667$31,099$28,863
3 years$22,099$21,473$20,870$20,290$19,731$17,571
4 years$16,409$15,785$15,188$14,618$14,072$12,005
5 years$12,996$12,376$11,787$11,228$10,697$8,729
6 years$10,721$10,106$9,525$8,979$8,464$6,596
7 years$9,097$8,487$7,916$7,382$6,884$5,115
8 years$7,880$7,275$6,713$6,193$5,711$4,040
9 years$6,933$6,334$5,782$5,275$4,809$3,234
10 years$6,177$5,583$5,041$4,547$4,098$2,616
11 years$5,558$4,970$4,438$3,957$3,524$2,133
12 years$5,043$4,461$3,938$3,471$3,054$1,750
13 years$4,607$4,031$3,519$3,064$2,663$1,443
14 years$4,234$3,664$3,162$2,720$2,335$1,195
15 years$3,911$3,348$2,855$2,426$2,055$992
16 years$3,628$3,071$2,588$2,172$1,817$826
17 years$3,380$2,829$2,355$1,952$1,611$690
18 years$3,159$2,614$2,150$1,759$1,432$577
19 years$2,961$2,422$1,968$1,589$1,277$483
20 years$2,784$2,251$1,806$1,439$1,140$405
21 years$2,623$2,097$1,661$1,306$1,020$340
22 years$2,477$1,957$1,531$1,188$915$286
23 years$2,345$1,831$1,414$1,082$821$240
24 years$2,223$1,715$1,308$987$738$202
25 years$2,112$1,610$1,211$901$664$170
26 years$2,009$1,513$1,123$824$598$143
27 years$1,914$1,424$1,043$754$539$121
28 years$1,825$1,341$970$691$487$102
29 years$1,743$1,266$902$634$439$86
30 years$1,667$1,195$840$581$397$72
31 years$1,596$1,130$783$534$359$61
32 years$1,529$1,069$731$491$325$51
33 years$1,467$1,012$683$451$294$43
34 years$1,408$960$638$415$266$36
35 years$1,353$910$596$382$241$31
36 years$1,301$864$558$352$218$26
37 years$1,252$820$522$324$198$22
38 years$1,205$780$489$299$179$18
39 years$1,161$741$458$276$163$16
40 years$1,120$705$429$254$148$13
41 years$1,080$671$403$235$134$11
42 years$1,043$639$378$216$121$9
43 years$1,007$609$354$200$110$8
44 years$973$581$333$185$100$7
45 years$941$554$312$170$91$6
46 years$910$528$293$157$82$5
47 years$880$504$276$145$75$4
48 years$852$481$259$134$68$3
49 years$825$460$243$124$62$3
50 years$800$439$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $819,000, adding $4,835 every year, while hoping to spend $31,853 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: 20/50/30 Blend
67$819,000$819,000$819,000$819,000
68$907,525$864,118$851,424$916,959
69$966,202$872,569$846,055$934,795
70$1,029,795$880,366$839,439$950,908
71$1,098,774$887,443$831,500$967,422
72$1,173,653$893,732$822,159$984,390
73$1,254,998$899,157$811,334$1,001,872
74$1,343,432$903,640$798,937$1,019,937
75$1,439,639$907,095$784,879$1,038,663
76$1,544,373$909,434$769,064$1,058,140
77$1,658,464$910,561$751,392$1,078,470
78$1,782,823$910,375$731,760$1,099,770
79$1,918,457$908,769$710,059$1,122,170
80$2,066,469$905,628$686,176$1,145,820
81$2,228,076$900,831$659,990$1,170,886
82$2,404,619$894,251$631,379$1,197,559
83$2,597,571$885,750$600,211$1,226,051
84$2,808,557$875,185$566,351$1,256,603
85$3,039,363$862,402$529,657$1,289,485
86$3,291,957$847,240$489,980$1,324,998
87$3,568,508$829,525$447,166$1,363,484
88$3,871,401$809,077$401,051$1,405,321
89$4,203,264$785,703$351,467$1,450,936
90$4,566,993$759,198$298,237$1,500,805
91$4,965,774$729,347$241,176$1,555,460
92$5,403,119$695,921$180,091$1,615,495
93$5,882,894$658,678$114,781$1,681,574
94$6,409,359$617,363$45,036$1,754,437
95$6,987,206$571,705$0$1,834,907
96$7,621,601$521,420$0$1,933,311
97$8,318,239$466,203$0$2,057,260
98$9,083,389$405,738$0$2,193,536
99$9,923,961$339,684$0$2,343,484
100$10,847,564$267,688$0$2,508,593