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%15.4%
1 years$68,210$67,603$67,010$66,431$65,866$64,405
2 years$33,767$33,139$32,529$31,938$31,365$29,900
3 years$22,288$21,656$21,048$20,463$19,899$18,477
4 years$16,549$15,920$15,318$14,743$14,192$12,823
5 years$13,107$12,481$11,887$11,324$10,789$9,477
6 years$10,813$10,192$9,607$9,056$8,537$7,284
7 years$9,175$8,559$7,983$7,445$6,943$5,748
8 years$7,947$7,337$6,770$6,246$5,760$4,624
9 years$6,993$6,388$5,831$5,320$4,850$3,772
10 years$6,229$5,631$5,084$4,586$4,133$3,111
11 years$5,605$5,013$4,476$3,991$3,554$2,587
12 years$5,086$4,499$3,972$3,501$3,080$2,167
13 years$4,646$4,066$3,549$3,091$2,686$1,824
14 years$4,270$3,696$3,189$2,743$2,354$1,543
15 years$3,944$3,376$2,879$2,447$2,073$1,310
16 years$3,659$3,098$2,610$2,191$1,832$1,115
17 years$3,408$2,853$2,375$1,968$1,625$952
18 years$3,186$2,636$2,168$1,774$1,444$815
19 years$2,986$2,443$1,985$1,603$1,287$698
20 years$2,807$2,270$1,822$1,452$1,150$600
21 years$2,646$2,115$1,676$1,317$1,029$515
22 years$2,499$1,974$1,544$1,198$922$444
23 years$2,365$1,846$1,426$1,091$828$382
24 years$2,242$1,730$1,319$995$744$329
25 years$2,130$1,623$1,221$909$670$284
26 years$2,026$1,526$1,133$831$603$245
27 years$1,930$1,436$1,052$761$544$212
28 years$1,841$1,353$978$697$491$183
29 years$1,758$1,276$910$639$443$158
30 years$1,681$1,205$848$586$400$137
31 years$1,610$1,139$790$539$362$118
32 years$1,542$1,078$737$495$327$102
33 years$1,479$1,021$688$455$296$89
34 years$1,420$968$643$419$268$77
35 years$1,364$918$601$386$243$66
36 years$1,312$871$563$355$220$57
37 years$1,262$827$527$327$200$50
38 years$1,216$786$493$302$181$43
39 years$1,171$748$462$278$164$37
40 years$1,129$711$433$256$149$32
41 years$1,089$677$406$237$135$28
42 years$1,052$645$381$218$123$24
43 years$1,016$615$357$202$111$21
44 years$981$586$335$186$101$18
45 years$949$559$315$172$92$16
46 years$918$533$296$159$83$14
47 years$888$508$278$147$76$12
48 years$860$485$261$136$69$10
49 years$832$464$245$125$62$9
50 years$806$443$231$116$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $826,000, adding $5,425 every year, while hoping to spend $38,712 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: 32/47/21 Blend
67$826,000$826,000$826,000$826,000
68$915,848$872,070$859,267$939,061
69$968,075$873,612$846,863$958,481
70$1,024,332$873,932$832,746$975,495
71$1,084,989$872,930$816,818$993,017
72$1,150,452$870,498$798,976$1,011,117
73$1,221,169$866,523$779,112$1,029,873
74$1,297,630$860,884$757,114$1,049,374
75$1,380,374$853,454$732,864$1,069,722
76$1,469,996$844,097$706,239$1,091,032
77$1,567,148$832,669$677,109$1,113,436
78$1,672,545$819,019$645,341$1,137,083
79$1,786,979$802,985$610,794$1,162,141
80$1,911,315$784,395$573,320$1,188,800
81$2,046,508$763,070$532,765$1,217,273
82$2,193,609$738,817$488,970$1,247,802
83$2,353,773$711,435$441,766$1,280,659
84$2,528,270$680,707$390,977$1,316,146
85$2,718,499$646,408$336,421$1,354,608
86$2,926,002$608,297$277,906$1,396,425
87$3,152,471$566,121$215,233$1,442,029
88$3,399,772$519,610$148,193$1,491,898
89$3,669,960$468,482$76,568$1,546,571
90$3,965,293$412,435$131$1,606,646
91$4,288,263$351,154$0$1,672,795
92$4,641,608$284,303$0$1,764,014
93$5,028,347$211,529$0$1,864,105
94$5,451,802$132,457$0$1,974,026
95$5,915,632$46,694$0$2,094,872
96$6,423,866$0$0$2,227,859
97$6,980,944$0$0$2,398,217
98$7,591,750$0$0$2,611,610
99$8,261,670$0$0$2,845,786
100$8,996,632$0$0$3,102,833