Can I retire at age 68 with 828,000?

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 $828,000?

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$68,375$67,766$67,172$66,592$66,026$64,041
2 years$33,849$33,219$32,608$32,015$31,441$29,458
3 years$22,342$21,709$21,099$20,513$19,947$18,028
4 years$16,590$15,958$15,355$14,778$14,227$12,386
5 years$13,139$12,512$11,916$11,351$10,815$9,058
6 years$10,839$10,217$9,630$9,078$8,557$6,886
7 years$9,197$8,580$8,003$7,463$6,959$5,373
8 years$7,966$7,355$6,787$6,261$5,774$4,272
9 years$7,010$6,403$5,845$5,333$4,862$3,443
10 years$6,244$5,644$5,096$4,597$4,143$2,804
11 years$5,619$5,025$4,487$4,001$3,563$2,303
12 years$5,098$4,510$3,982$3,509$3,088$1,903
13 years$4,658$4,076$3,557$3,098$2,692$1,581
14 years$4,280$3,705$3,196$2,750$2,360$1,319
15 years$3,954$3,384$2,886$2,453$2,078$1,104
16 years$3,668$3,105$2,617$2,196$1,837$927
17 years$3,417$2,860$2,381$1,973$1,628$780
18 years$3,193$2,642$2,173$1,778$1,448$657
19 years$2,994$2,449$1,990$1,607$1,291$555
20 years$2,814$2,276$1,826$1,455$1,153$469
21 years$2,652$2,120$1,680$1,321$1,032$397
22 years$2,505$1,979$1,548$1,201$925$337
23 years$2,370$1,851$1,429$1,094$830$286
24 years$2,248$1,734$1,322$997$746$242
25 years$2,135$1,627$1,224$911$671$206
26 years$2,031$1,529$1,136$833$605$175
27 years$1,935$1,439$1,054$762$545$148
28 years$1,845$1,356$980$698$492$126
29 years$1,763$1,279$912$641$444$107
30 years$1,685$1,208$850$588$401$91
31 years$1,613$1,142$792$540$363$78
32 years$1,546$1,081$739$496$328$66
33 years$1,483$1,024$690$456$297$56
34 years$1,423$970$645$420$269$48
35 years$1,368$920$603$386$244$41
36 years$1,315$873$564$356$221$35
37 years$1,265$829$528$328$200$30
38 years$1,218$788$494$302$181$25
39 years$1,174$750$463$279$164$21
40 years$1,132$713$434$257$149$18
41 years$1,092$679$407$237$135$16
42 years$1,054$647$382$219$123$13
43 years$1,018$616$358$202$111$11
44 years$984$587$336$187$101$10
45 years$951$560$316$172$92$8
46 years$920$534$297$159$83$7
47 years$890$510$279$147$76$6
48 years$862$487$262$136$69$5
49 years$834$465$246$126$62$4
50 years$808$444$231$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $828,000, adding $2,225 every year, while hoping to spend $23,907 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: 46/30/24 Blend
67$828,000$828,000$828,000$828,000
68$914,751$870,867$858,033$950,434
69$982,619$888,103$861,340$993,014
70$1,056,608$905,382$863,957$1,036,663
71$1,137,317$922,681$865,835$1,083,544
72$1,225,406$939,975$866,923$1,133,969
73$1,321,601$957,237$867,169$1,188,287
74$1,426,701$974,438$866,515$1,246,879
75$1,541,585$991,546$864,904$1,310,165
76$1,667,222$1,008,528$862,274$1,378,612
77$1,804,679$1,025,345$858,560$1,452,732
78$1,955,130$1,041,960$853,695$1,533,092
79$2,119,867$1,058,330$847,608$1,620,316
80$2,300,314$1,074,410$840,224$1,715,094
81$2,498,041$1,090,150$831,466$1,818,185
82$2,714,772$1,105,499$821,251$1,930,428
83$2,952,412$1,120,401$809,496$2,052,750
84$3,213,053$1,134,796$796,110$2,186,170
85$3,499,004$1,148,621$780,999$2,331,816
86$3,812,807$1,161,807$764,066$2,490,930
87$4,157,259$1,174,282$745,208$2,664,882
88$4,535,445$1,185,968$724,319$2,855,186
89$4,950,762$1,196,781$701,285$3,063,509
90$5,406,951$1,206,635$675,989$3,291,691
91$5,908,135$1,215,435$648,310$3,541,762
92$6,458,854$1,223,081$618,118$3,815,960
93$7,064,111$1,229,466$585,279$4,116,755
94$7,729,418$1,234,477$549,653$4,446,870
95$8,460,847$1,237,994$511,094$4,809,310
96$9,265,086$1,239,889$469,449$5,207,386
97$10,149,507$1,240,026$424,557$5,644,754
98$11,122,229$1,238,260$376,253$6,125,442
99$12,192,199$1,234,437$324,360$6,653,894
100$13,369,275$1,228,396$268,697$7,235,011