Can I retire at age 68 with 822,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$67,880$67,275$66,685$66,110$65,547$63,859
2 years$33,604$32,978$32,372$31,783$31,213$29,523
3 years$22,180$21,552$20,947$20,364$19,803$18,165
4 years$16,469$15,843$15,244$14,671$14,124$12,549
5 years$13,044$12,421$11,830$11,269$10,737$9,231
6 years$10,761$10,143$9,560$9,012$8,495$7,060
7 years$9,131$8,518$7,945$7,409$6,909$5,543
8 years$7,909$7,301$6,738$6,215$5,732$4,435
9 years$6,959$6,357$5,803$5,294$4,827$3,599
10 years$6,199$5,603$5,059$4,564$4,113$2,951
11 years$5,578$4,988$4,454$3,972$3,537$2,441
12 years$5,061$4,477$3,953$3,484$3,065$2,032
13 years$4,624$4,046$3,532$3,076$2,673$1,701
14 years$4,249$3,678$3,173$2,730$2,343$1,429
15 years$3,925$3,360$2,865$2,435$2,063$1,206
16 years$3,642$3,083$2,598$2,180$1,823$1,020
17 years$3,392$2,839$2,364$1,959$1,617$865
18 years$3,170$2,623$2,158$1,765$1,437$736
19 years$2,972$2,431$1,975$1,595$1,281$626
20 years$2,794$2,259$1,813$1,445$1,144$534
21 years$2,633$2,104$1,667$1,311$1,024$456
22 years$2,487$1,964$1,537$1,192$918$390
23 years$2,353$1,837$1,419$1,086$824$333
24 years$2,231$1,721$1,312$990$741$285
25 years$2,119$1,615$1,215$904$666$244
26 years$2,016$1,518$1,127$827$600$209
27 years$1,921$1,429$1,047$757$541$180
28 years$1,832$1,346$973$693$488$154
29 years$1,750$1,270$906$636$441$132
30 years$1,673$1,200$843$584$398$113
31 years$1,602$1,134$786$536$360$97
32 years$1,535$1,073$734$493$326$84
33 years$1,472$1,016$685$453$295$72
34 years$1,413$963$640$417$267$62
35 years$1,358$913$598$384$242$53
36 years$1,306$867$560$353$219$46
37 years$1,256$823$524$326$199$39
38 years$1,210$783$491$300$180$34
39 years$1,166$744$460$277$163$29
40 years$1,124$708$431$255$148$25
41 years$1,084$674$404$235$134$21
42 years$1,047$642$379$217$122$18
43 years$1,011$612$356$201$111$16
44 years$977$583$334$185$100$14
45 years$944$556$313$171$91$12
46 years$913$530$294$158$83$10
47 years$884$506$277$146$75$9
48 years$855$483$260$135$68$7
49 years$828$461$244$125$62$6
50 years$803$441$230$115$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $822,000, adding $6,883 every year, while hoping to spend $52,559 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: 89/5/6 Blend
67$822,000$822,000$822,000$822,000
68$912,944$869,378$856,637$993,440
69$950,142$856,055$829,412$1,033,538
70$989,372$840,318$799,513$1,069,503
71$1,030,787$821,992$766,796$1,107,305
72$1,074,552$800,895$731,108$1,147,088
73$1,120,848$776,830$692,292$1,189,009
74$1,169,872$749,592$650,181$1,233,240
75$1,221,839$718,962$604,602$1,279,971
76$1,276,985$684,710$555,375$1,329,410
77$1,335,567$646,590$502,309$1,381,785
78$1,397,867$604,345$445,209$1,437,346
79$1,464,193$557,701$383,867$1,496,368
80$1,534,881$506,370$318,067$1,559,155
81$1,610,303$450,045$247,586$1,626,038
82$1,690,861$388,405$172,188$1,697,383
83$1,777,001$321,108$91,628$1,773,593
84$1,869,207$247,795$5,649$1,855,109
85$1,968,013$168,084$0$1,942,418
86$2,074,004$81,574$0$2,041,568
87$2,187,821$0$0$2,148,381
88$2,310,170$0$0$2,263,831
89$2,441,822$0$0$2,392,892
90$2,583,627$0$0$2,531,909
91$2,736,518$0$0$2,681,796
92$2,901,519$0$0$2,843,558
93$3,079,755$0$0$3,018,299
94$3,272,462$0$0$3,207,232
95$3,481,001$0$0$3,411,689
96$3,706,866$0$0$3,633,137
97$3,951,699$0$0$3,873,186
98$4,217,306$0$0$4,133,608
99$4,505,676$0$0$4,416,352
100$4,818,993$0$0$4,723,561