Can I retire at age 68 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$68,128$67,521$66,929$66,351$65,787$64,275
2 years$33,727$33,098$32,490$31,899$31,327$29,812
3 years$22,261$21,630$21,023$20,438$19,875$18,404
4 years$16,529$15,900$15,299$14,725$14,175$12,760
5 years$13,091$12,466$11,873$11,310$10,776$9,420
6 years$10,800$10,180$9,595$9,045$8,526$7,232
7 years$9,164$8,549$7,974$7,436$6,934$5,701
8 years$7,938$7,328$6,762$6,238$5,753$4,580
9 years$6,984$6,380$5,824$5,313$4,845$3,732
10 years$6,222$5,624$5,078$4,580$4,128$3,074
11 years$5,599$5,007$4,470$3,986$3,550$2,554
12 years$5,080$4,494$3,967$3,496$3,076$2,136
13 years$4,641$4,061$3,545$3,087$2,683$1,796
14 years$4,265$3,691$3,185$2,740$2,352$1,517
15 years$3,940$3,372$2,875$2,444$2,071$1,286
16 years$3,655$3,094$2,607$2,188$1,830$1,093
17 years$3,404$2,849$2,372$1,966$1,623$932
18 years$3,182$2,633$2,166$1,772$1,443$796
19 years$2,983$2,440$1,982$1,601$1,286$682
20 years$2,804$2,267$1,819$1,450$1,149$584
21 years$2,642$2,112$1,674$1,316$1,028$501
22 years$2,496$1,972$1,542$1,196$921$431
23 years$2,362$1,844$1,424$1,090$827$371
24 years$2,239$1,728$1,317$994$743$319
25 years$2,127$1,621$1,220$908$669$275
26 years$2,023$1,524$1,131$830$603$237
27 years$1,928$1,434$1,051$760$543$204
28 years$1,839$1,351$977$696$490$176
29 years$1,756$1,275$909$638$443$152
30 years$1,679$1,204$847$586$400$131
31 years$1,608$1,138$789$538$362$113
32 years$1,540$1,077$736$494$327$98
33 years$1,477$1,020$688$455$296$85
34 years$1,418$967$642$418$268$73
35 years$1,363$917$601$385$243$63
36 years$1,310$870$562$355$220$55
37 years$1,261$826$526$327$199$47
38 years$1,214$785$492$301$181$41
39 years$1,170$747$461$278$164$35
40 years$1,128$711$432$256$149$30
41 years$1,088$676$406$236$135$26
42 years$1,050$644$380$218$122$23
43 years$1,014$614$357$201$111$20
44 years$980$585$335$186$101$17
45 years$948$558$315$172$92$15
46 years$917$532$295$159$83$13
47 years$887$508$278$147$75$11
48 years$859$485$261$135$69$10
49 years$831$463$245$125$62$8
50 years$805$442$231$116$57$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $825,000, adding $5,367 every year, while hoping to spend $28,760 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: 33/44/23 Blend
67$825,000$825,000$825,000$825,000
68$914,686$870,961$858,174$938,279
69$977,384$883,038$856,322$968,488
70$1,045,512$894,742$853,444$998,042
71$1,119,596$906,026$849,476$1,029,311
72$1,200,211$916,837$844,349$1,062,463
73$1,287,990$927,120$837,993$1,097,687
74$1,383,632$936,816$830,332$1,135,191
75$1,487,903$945,861$821,290$1,175,206
76$1,601,649$954,188$810,783$1,217,990
77$1,725,800$961,725$798,727$1,263,827
78$1,861,379$968,397$785,031$1,313,033
79$2,009,512$974,121$769,602$1,365,958
80$2,171,441$978,811$752,342$1,422,990
81$2,348,530$982,376$733,148$1,484,558
82$2,542,284$984,716$711,913$1,551,140
83$2,754,359$985,729$688,523$1,623,261
84$2,986,577$985,303$662,862$1,701,507
85$3,240,946$983,321$634,807$1,786,524
86$3,519,678$979,659$604,228$1,879,028
87$3,825,207$974,185$570,992$1,979,812
88$4,160,216$966,757$534,958$2,089,754
89$4,527,658$957,229$495,979$2,209,824
90$4,930,787$945,440$453,902$2,341,095
91$5,373,186$931,226$408,566$2,484,757
92$5,858,802$914,408$359,805$2,642,123
93$6,391,985$894,799$307,443$2,814,647
94$6,977,523$872,199$251,298$3,003,934
95$7,620,693$846,400$191,179$3,211,763
96$8,327,308$817,177$126,888$3,440,095
97$9,103,770$784,295$58,215$3,691,103
98$9,957,134$747,506$0$3,967,185
99$10,895,172$706,544$0$4,274,689
100$11,926,446$661,130$0$4,628,334