Can I retire at age 68 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$68,458$67,848$67,253$66,673$66,106$64,247
2 years$33,890$33,259$32,647$32,054$31,479$29,621
3 years$22,369$21,735$21,125$20,537$19,971$18,172
4 years$16,610$15,978$15,374$14,796$14,244$12,516
5 years$13,155$12,527$11,930$11,365$10,828$9,177
6 years$10,852$10,229$9,642$9,089$8,568$6,996
7 years$9,208$8,590$8,012$7,472$6,968$5,475
8 years$7,976$7,363$6,795$6,268$5,781$4,365
9 years$7,018$6,411$5,853$5,339$4,868$3,529
10 years$6,252$5,651$5,102$4,602$4,148$2,883
11 years$5,626$5,031$4,492$4,005$3,567$2,375
12 years$5,104$4,515$3,987$3,513$3,091$1,970
13 years$4,663$4,081$3,562$3,102$2,696$1,642
14 years$4,286$3,709$3,200$2,753$2,363$1,374
15 years$3,959$3,388$2,889$2,456$2,081$1,155
16 years$3,673$3,109$2,620$2,199$1,839$973
17 years$3,421$2,863$2,384$1,975$1,630$821
18 years$3,197$2,646$2,176$1,780$1,450$695
19 years$2,997$2,452$1,992$1,609$1,292$589
20 years$2,818$2,278$1,828$1,457$1,154$500
21 years$2,655$2,122$1,682$1,322$1,033$425
22 years$2,508$1,981$1,550$1,202$926$361
23 years$2,373$1,853$1,431$1,095$831$308
24 years$2,250$1,736$1,323$999$747$262
25 years$2,137$1,629$1,226$912$672$223
26 years$2,033$1,531$1,137$834$605$191
27 years$1,937$1,441$1,056$763$546$163
28 years$1,848$1,358$981$699$493$139
29 years$1,765$1,281$913$641$445$119
30 years$1,687$1,210$851$589$402$101
31 years$1,615$1,144$793$541$363$86
32 years$1,548$1,082$740$497$329$74
33 years$1,485$1,025$691$457$297$63
34 years$1,425$971$646$420$269$54
35 years$1,369$921$604$387$244$46
36 years$1,317$874$565$356$221$39
37 years$1,267$830$528$328$200$34
38 years$1,220$789$495$303$182$29
39 years$1,176$750$464$279$165$25
40 years$1,133$714$435$257$149$21
41 years$1,093$680$407$237$136$18
42 years$1,055$647$382$219$123$15
43 years$1,019$617$359$202$112$13
44 years$985$588$337$187$101$11
45 years$952$561$316$173$92$10
46 years$921$535$297$159$83$8
47 years$891$510$279$147$76$7
48 years$863$487$262$136$69$6
49 years$835$465$246$126$63$5
50 years$809$444$232$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $829,000, adding $4,910 every year, while hoping to spend $44,632 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: 63/22/15 Blend
67$829,000$829,000$829,000$829,000
68$918,623$874,686$861,836$972,824
69$964,834$870,057$843,220$1,005,160
70$1,014,263$863,706$822,483$1,034,916
71$1,067,191$855,501$799,510$1,066,330
72$1,123,926$845,302$774,175$1,099,565
73$1,184,806$832,961$746,349$1,134,801
74$1,250,203$818,322$715,898$1,172,240
75$1,320,523$801,220$682,680$1,212,104
76$1,396,214$781,477$646,548$1,254,640
77$1,477,766$758,908$607,346$1,300,122
78$1,565,721$733,317$564,914$1,348,854
79$1,660,669$704,494$519,083$1,401,174
80$1,763,261$672,219$469,677$1,457,456
81$1,874,215$636,258$416,512$1,518,114
82$1,994,315$596,365$359,395$1,583,607
83$2,124,426$552,278$298,126$1,654,445
84$2,265,500$503,722$232,496$1,731,192
85$2,418,582$450,405$162,285$1,814,472
86$2,584,820$392,018$87,265$1,904,977
87$2,765,481$328,236$7,197$2,003,474
88$2,961,955$258,714$0$2,110,809
89$3,175,772$183,090$0$2,240,446
90$3,408,618$100,978$0$2,382,943
91$3,662,344$11,973$0$2,538,340
92$3,938,992$0$0$2,707,953
93$4,240,804$0$0$2,913,658
94$4,570,253$0$0$3,141,418
95$4,930,057$0$0$3,390,222
96$5,323,211$0$0$3,662,149
97$5,753,010$0$0$3,959,485
98$6,223,085$0$0$4,284,749
99$6,737,429$0$0$4,640,714
100$7,300,445$0$0$5,030,433