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%17.4%
1 years$67,963$67,357$66,767$66,190$65,627$63,654
2 years$33,645$33,018$32,411$31,822$31,251$29,280
3 years$22,207$21,578$20,972$20,389$19,827$17,919
4 years$16,489$15,862$15,262$14,689$14,141$12,311
5 years$13,060$12,436$11,844$11,283$10,750$9,003
6 years$10,774$10,155$9,572$9,023$8,506$6,844
7 years$9,142$8,528$7,954$7,418$6,917$5,341
8 years$7,918$7,310$6,746$6,223$5,739$4,246
9 years$6,967$6,365$5,810$5,300$4,833$3,422
10 years$6,207$5,610$5,065$4,569$4,118$2,787
11 years$5,585$4,994$4,460$3,976$3,541$2,289
12 years$5,067$4,483$3,958$3,488$3,069$1,892
13 years$4,629$4,051$3,536$3,079$2,676$1,571
14 years$4,255$3,682$3,177$2,733$2,346$1,311
15 years$3,930$3,364$2,868$2,438$2,066$1,097
16 years$3,646$3,086$2,601$2,183$1,826$921
17 years$3,396$2,842$2,367$1,961$1,619$775
18 years$3,174$2,626$2,160$1,767$1,439$653
19 years$2,976$2,434$1,978$1,597$1,283$552
20 years$2,797$2,262$1,815$1,446$1,146$467
21 years$2,636$2,107$1,669$1,313$1,025$395
22 years$2,490$1,967$1,539$1,194$919$335
23 years$2,356$1,839$1,421$1,087$825$284
24 years$2,234$1,723$1,314$991$742$241
25 years$2,122$1,617$1,217$905$667$204
26 years$2,018$1,520$1,129$828$601$174
27 years$1,923$1,431$1,048$758$542$148
28 years$1,834$1,348$974$694$489$125
29 years$1,752$1,272$907$637$442$107
30 years$1,675$1,201$845$584$399$91
31 years$1,604$1,135$787$537$361$77
32 years$1,537$1,074$735$493$326$66
33 years$1,474$1,017$686$454$295$56
34 years$1,415$964$641$417$267$48
35 years$1,359$915$599$384$242$41
36 years$1,307$868$560$354$219$34
37 years$1,258$824$525$326$199$29
38 years$1,211$783$491$300$180$25
39 years$1,167$745$460$277$163$21
40 years$1,125$709$431$256$148$18
41 years$1,085$675$405$236$135$15
42 years$1,048$643$379$218$122$13
43 years$1,012$612$356$201$111$11
44 years$978$584$334$185$101$10
45 years$945$557$314$171$91$8
46 years$914$531$295$158$83$7
47 years$885$507$277$146$75$6
48 years$856$484$260$135$68$5
49 years$829$462$245$125$62$4
50 years$804$441$230$115$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $823,000, adding $2,844 every year, while hoping to spend $49,096 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: 56/15/29 Blend
67$823,000$823,000$823,000$823,000
68$909,880$866,261$853,504$953,401
69$950,450$856,470$829,859$973,903
70$993,512$844,553$803,776$990,908
71$1,039,270$830,356$775,122$1,008,450
72$1,087,944$813,712$743,757$1,026,598
73$1,139,777$794,447$709,535$1,045,431
74$1,195,034$772,374$672,305$1,065,038
75$1,254,006$747,299$631,905$1,085,519
76$1,317,011$719,013$588,170$1,106,989
77$1,384,398$687,297$540,926$1,129,576
78$1,456,549$651,917$489,990$1,153,425
79$1,533,885$612,629$435,172$1,178,700
80$1,616,865$569,171$376,275$1,205,585
81$1,705,995$521,270$313,089$1,234,286
82$1,801,828$468,634$245,400$1,265,034
83$1,904,974$410,957$172,980$1,298,089
84$2,016,101$347,913$95,594$1,333,742
85$2,135,942$279,160$12,995$1,372,319
86$2,265,305$204,335$0$1,414,182
87$2,405,074$123,056$0$1,482,993
88$2,556,224$34,918$0$1,561,754
89$2,719,826$0$0$1,647,032
90$2,897,055$0$0$1,749,468
91$3,089,205$0$0$1,866,840
92$3,297,699$0$0$1,994,259
93$3,524,102$0$0$2,132,691
94$3,770,133$0$0$2,283,196
95$4,037,687$0$0$2,446,941
96$4,328,846$0$0$2,625,210
97$4,645,902$0$0$2,819,415
98$4,991,375$0$0$3,031,113
99$5,368,043$0$0$3,262,013
100$5,778,958$0$0$3,514,000