Can I retire at age 68 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$68,541$67,930$67,334$66,753$66,185$64,902
2 years$33,931$33,299$32,687$32,093$31,517$30,229
3 years$22,396$21,761$21,150$20,562$19,996$18,744
4 years$16,630$15,997$15,392$14,814$14,261$13,055
5 years$13,171$12,542$11,945$11,378$10,841$9,683
6 years$10,865$10,241$9,653$9,099$8,578$7,471
7 years$9,220$8,601$8,022$7,481$6,976$5,919
8 years$7,986$7,372$6,803$6,276$5,788$4,780
9 years$7,026$6,419$5,860$5,346$4,874$3,916
10 years$6,260$5,658$5,109$4,608$4,153$3,244
11 years$5,633$5,037$4,497$4,010$3,572$2,710
12 years$5,110$4,521$3,991$3,518$3,095$2,280
13 years$4,669$4,086$3,566$3,105$2,699$1,928
14 years$4,291$3,714$3,204$2,757$2,366$1,639
15 years$3,963$3,393$2,893$2,458$2,083$1,398
16 years$3,677$3,113$2,623$2,201$1,841$1,196
17 years$3,425$2,867$2,387$1,978$1,632$1,027
18 years$3,201$2,649$2,179$1,782$1,451$883
19 years$3,001$2,455$1,995$1,611$1,294$761
20 years$2,821$2,281$1,830$1,459$1,156$656
21 years$2,658$2,125$1,684$1,324$1,034$567
22 years$2,511$1,983$1,552$1,204$927$491
23 years$2,376$1,855$1,433$1,096$832$425
24 years$2,253$1,738$1,325$1,000$748$369
25 years$2,140$1,631$1,227$913$673$320
26 years$2,036$1,533$1,138$835$606$278
27 years$1,939$1,443$1,057$764$547$241
28 years$1,850$1,359$983$700$493$210
29 years$1,767$1,283$914$642$445$182
30 years$1,690$1,211$852$589$402$158
31 years$1,617$1,145$794$541$364$138
32 years$1,550$1,083$741$497$329$120
33 years$1,486$1,026$692$457$298$104
34 years$1,427$972$646$421$270$91
35 years$1,371$922$604$387$244$79
36 years$1,318$875$565$357$221$69
37 years$1,268$831$529$329$201$60
38 years$1,221$790$495$303$182$52
39 years$1,177$751$464$279$165$46
40 years$1,135$715$435$258$150$40
41 years$1,095$680$408$238$136$35
42 years$1,057$648$383$219$123$30
43 years$1,021$617$359$203$112$26
44 years$986$589$337$187$101$23
45 years$953$561$317$173$92$20
46 years$922$535$297$160$84$17
47 years$892$511$279$147$76$15
48 years$864$488$262$136$69$13
49 years$836$466$247$126$63$12
50 years$810$445$232$116$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $830,000, adding $4,572 every year, while hoping to spend $42,790 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: 33/45/22 Blend
67$830,000$830,000$830,000$830,000
68$919,376$875,386$862,521$943,380
69$967,624$872,752$845,887$959,070
70$1,019,359$868,554$827,262$971,758
71$1,074,892$862,672$806,534$984,557
72$1,134,564$854,975$783,585$997,502
73$1,198,748$845,327$758,294$1,010,638
74$1,267,855$833,583$730,531$1,024,016
75$1,342,336$819,589$700,164$1,037,697
76$1,422,687$803,181$667,052$1,051,752
77$1,509,452$784,188$631,049$1,066,266
78$1,603,229$762,426$592,002$1,081,334
79$1,704,676$737,702$549,751$1,097,068
80$1,814,514$709,811$504,129$1,113,596
81$1,933,538$678,536$454,962$1,131,065
82$2,062,623$643,647$402,067$1,149,643
83$2,202,727$604,903$345,253$1,169,522
84$2,354,908$562,046$284,322$1,190,919
85$2,520,329$514,806$219,066$1,214,083
86$2,700,266$462,895$149,269$1,239,293
87$2,896,127$406,011$74,703$1,266,868
88$3,109,460$343,834$0$1,297,164
89$3,341,967$276,024$0$1,331,729
90$3,595,524$202,225$0$1,388,662
91$3,872,192$122,059$0$1,450,981
92$4,174,244$35,128$0$1,519,323
93$4,504,178$0$0$1,594,398
94$4,864,746$0$0$1,706,206
95$5,258,978$0$0$1,847,591
96$5,690,209$0$0$2,002,369
97$6,162,113$0$0$2,171,873
98$6,678,734$0$0$2,357,572
99$7,244,524$0$0$2,561,084
100$7,864,389$0$0$2,784,190