Can I retire at age 68 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$67,963$67,357$66,767$66,190$65,627$64,015
2 years$33,645$33,018$32,411$31,822$31,251$29,636
3 years$22,207$21,578$20,972$20,389$19,827$18,261
4 years$16,489$15,862$15,262$14,689$14,141$12,635
5 years$13,060$12,436$11,844$11,283$10,750$9,308
6 years$10,774$10,155$9,572$9,023$8,506$7,131
7 years$9,142$8,528$7,954$7,418$6,917$5,608
8 years$7,918$7,310$6,746$6,223$5,739$4,495
9 years$6,967$6,365$5,810$5,300$4,833$3,654
10 years$6,207$5,610$5,065$4,569$4,118$3,002
11 years$5,585$4,994$4,460$3,976$3,541$2,488
12 years$5,067$4,483$3,958$3,488$3,069$2,075
13 years$4,629$4,051$3,536$3,079$2,676$1,740
14 years$4,255$3,682$3,177$2,733$2,346$1,466
15 years$3,930$3,364$2,868$2,438$2,066$1,239
16 years$3,646$3,086$2,601$2,183$1,826$1,051
17 years$3,396$2,842$2,367$1,961$1,619$893
18 years$3,174$2,626$2,160$1,767$1,439$761
19 years$2,976$2,434$1,978$1,597$1,283$649
20 years$2,797$2,262$1,815$1,446$1,146$555
21 years$2,636$2,107$1,669$1,313$1,025$475
22 years$2,490$1,967$1,539$1,194$919$407
23 years$2,356$1,839$1,421$1,087$825$349
24 years$2,234$1,723$1,314$991$742$299
25 years$2,122$1,617$1,217$905$667$257
26 years$2,018$1,520$1,129$828$601$221
27 years$1,923$1,431$1,048$758$542$190
28 years$1,834$1,348$974$694$489$163
29 years$1,752$1,272$907$637$442$140
30 years$1,675$1,201$845$584$399$121
31 years$1,604$1,135$787$537$361$104
32 years$1,537$1,074$735$493$326$89
33 years$1,474$1,017$686$454$295$77
34 years$1,415$964$641$417$267$66
35 years$1,359$915$599$384$242$57
36 years$1,307$868$560$354$219$49
37 years$1,258$824$525$326$199$42
38 years$1,211$783$491$300$180$37
39 years$1,167$745$460$277$163$31
40 years$1,125$709$431$256$148$27
41 years$1,085$675$405$236$135$23
42 years$1,048$643$379$218$122$20
43 years$1,012$612$356$201$111$17
44 years$978$584$334$185$101$15
45 years$945$557$314$171$91$13
46 years$914$531$295$158$83$11
47 years$885$507$277$146$75$10
48 years$856$484$260$135$68$8
49 years$829$462$245$125$62$7
50 years$804$441$230$115$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $823,000, adding $3,812 every year, while hoping to spend $32,381 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: 48/35/17 Blend
67$823,000$823,000$823,000$823,000
68$910,878$867,259$854,503$950,082
69$969,335$875,302$848,675$985,688
70$1,032,668$882,653$841,567$1,020,717
71$1,101,343$889,245$833,102$1,058,057
72$1,175,867$895,006$823,198$1,097,935
73$1,256,802$899,857$811,772$1,140,605
74$1,344,763$903,718$798,734$1,186,348
75$1,440,429$906,500$783,992$1,235,474
76$1,544,546$908,112$767,449$1,288,327
77$1,657,935$908,454$749,003$1,345,287
78$1,781,498$907,422$728,549$1,406,774
79$1,916,230$904,905$705,974$1,473,254
80$2,063,224$900,785$681,163$1,545,243
81$2,223,686$894,936$653,995$1,623,310
82$2,398,940$887,226$624,342$1,708,085
83$2,590,446$877,514$592,071$1,800,265
84$2,799,810$865,651$557,044$1,900,620
85$3,028,801$851,478$519,116$2,010,004
86$3,279,367$834,828$478,134$2,129,358
87$3,553,651$815,524$433,941$2,259,724
88$3,854,016$793,377$386,370$2,402,252
89$4,183,062$768,189$335,250$2,558,215
90$4,543,652$739,748$280,399$2,729,018
91$4,938,941$707,832$221,628$2,916,216
92$5,372,402$672,205$158,742$3,121,525
93$5,847,862$632,618$91,535$3,346,841
94$6,369,534$588,806$19,791$3,594,258
95$6,942,060$540,491$0$3,866,090
96$7,570,553$487,378$0$4,175,191
97$8,260,645$429,155$0$4,518,585
98$9,018,539$365,493$0$4,895,839
99$9,851,072$296,043$0$5,310,440
100$10,765,771$220,439$0$5,766,235