Can I retire at age 68 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$68,210$67,603$67,010$66,431$65,866$65,016
2 years$33,767$33,139$32,529$31,938$31,365$30,510
3 years$22,288$21,656$21,048$20,463$19,899$19,065
4 years$16,549$15,920$15,318$14,743$14,192$13,386
5 years$13,107$12,481$11,887$11,324$10,789$10,013
6 years$10,813$10,192$9,607$9,056$8,537$7,792
7 years$9,175$8,559$7,983$7,445$6,943$6,230
8 years$7,947$7,337$6,770$6,246$5,760$5,078
9 years$6,993$6,388$5,831$5,320$4,850$4,200
10 years$6,229$5,631$5,084$4,586$4,133$3,513
11 years$5,605$5,013$4,476$3,991$3,554$2,964
12 years$5,086$4,499$3,972$3,501$3,080$2,519
13 years$4,646$4,066$3,549$3,091$2,686$2,154
14 years$4,270$3,696$3,189$2,743$2,354$1,850
15 years$3,944$3,376$2,879$2,447$2,073$1,596
16 years$3,659$3,098$2,610$2,191$1,832$1,381
17 years$3,408$2,853$2,375$1,968$1,625$1,198
18 years$3,186$2,636$2,168$1,774$1,444$1,043
19 years$2,986$2,443$1,985$1,603$1,287$909
20 years$2,807$2,270$1,822$1,452$1,150$794
21 years$2,646$2,115$1,676$1,317$1,029$694
22 years$2,499$1,974$1,544$1,198$922$608
23 years$2,365$1,846$1,426$1,091$828$533
24 years$2,242$1,730$1,319$995$744$468
25 years$2,130$1,623$1,221$909$670$411
26 years$2,026$1,526$1,133$831$603$362
27 years$1,930$1,436$1,052$761$544$318
28 years$1,841$1,353$978$697$491$280
29 years$1,758$1,276$910$639$443$247
30 years$1,681$1,205$848$586$400$217
31 years$1,610$1,139$790$539$362$192
32 years$1,542$1,078$737$495$327$169
33 years$1,479$1,021$688$455$296$149
34 years$1,420$968$643$419$268$132
35 years$1,364$918$601$386$243$116
36 years$1,312$871$563$355$220$103
37 years$1,262$827$527$327$200$91
38 years$1,216$786$493$302$181$80
39 years$1,171$748$462$278$164$71
40 years$1,129$711$433$256$149$62
41 years$1,089$677$406$237$135$55
42 years$1,052$645$381$218$123$49
43 years$1,016$615$357$202$111$43
44 years$981$586$335$186$101$38
45 years$949$559$315$172$92$34
46 years$918$533$296$159$83$30
47 years$888$508$278$147$76$26
48 years$860$485$261$136$69$23
49 years$832$464$245$125$62$20
50 years$806$443$231$116$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $826,000, adding $6,582 every year, while hoping to spend $36,427 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: 70/17/13 Blend
67$826,000$826,000$826,000$826,000
68$917,041$873,263$860,460$978,171
69$971,822$877,295$850,528$1,023,643
70$1,030,968$880,304$839,041$1,068,365
71$1,094,889$882,200$825,911$1,116,353
72$1,164,030$882,891$811,042$1,167,923
73$1,238,884$882,275$794,335$1,223,424
74$1,319,991$880,248$775,685$1,283,238
75$1,407,945$876,695$754,986$1,347,791
76$1,503,400$871,497$732,122$1,417,550
77$1,607,074$864,528$706,976$1,493,031
78$1,719,759$855,653$679,423$1,574,803
79$1,842,323$844,729$649,332$1,663,493
80$1,975,724$831,604$616,569$1,759,797
81$2,121,015$816,120$580,991$1,864,477
82$2,279,354$798,105$542,449$1,978,378
83$2,452,016$777,381$500,790$2,102,430
84$2,640,405$753,756$455,850$2,237,661
85$2,846,066$727,030$407,460$2,385,204
86$3,070,699$696,988$355,445$2,546,309
87$3,316,176$663,407$299,618$2,722,354
88$3,584,559$626,046$239,787$2,914,863
89$3,878,115$584,653$175,751$3,125,512
90$4,199,344$538,962$107,300$3,356,154
91$4,550,996$488,691$34,214$3,608,831
92$4,936,102$433,541$0$3,885,797
93$5,357,997$373,197$0$4,195,610
94$5,820,355$307,326$0$4,540,397
95$6,327,223$235,577$0$4,918,466
96$6,883,057$157,577$0$5,333,189
97$7,492,765$72,935$0$5,788,282
98$8,161,754$0$0$6,287,842
99$8,895,979$0$0$6,839,893
100$9,701,999$0$0$7,460,949