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%15.4%
1 years$68,541$67,930$67,334$66,753$66,185$64,717
2 years$33,931$33,299$32,687$32,093$31,517$30,045
3 years$22,396$21,761$21,150$20,562$19,996$18,566
4 years$16,630$15,997$15,392$14,814$14,261$12,885
5 years$13,171$12,542$11,945$11,378$10,841$9,523
6 years$10,865$10,241$9,653$9,099$8,578$7,319
7 years$9,220$8,601$8,022$7,481$6,976$5,776
8 years$7,986$7,372$6,803$6,276$5,788$4,646
9 years$7,026$6,419$5,860$5,346$4,874$3,790
10 years$6,260$5,658$5,109$4,608$4,153$3,126
11 years$5,633$5,037$4,497$4,010$3,572$2,600
12 years$5,110$4,521$3,991$3,518$3,095$2,177
13 years$4,669$4,086$3,566$3,105$2,699$1,833
14 years$4,291$3,714$3,204$2,757$2,366$1,550
15 years$3,963$3,393$2,893$2,458$2,083$1,316
16 years$3,677$3,113$2,623$2,201$1,841$1,121
17 years$3,425$2,867$2,387$1,978$1,632$957
18 years$3,201$2,649$2,179$1,782$1,451$819
19 years$3,001$2,455$1,995$1,611$1,294$702
20 years$2,821$2,281$1,830$1,459$1,156$602
21 years$2,658$2,125$1,684$1,324$1,034$518
22 years$2,511$1,983$1,552$1,204$927$446
23 years$2,376$1,855$1,433$1,096$832$384
24 years$2,253$1,738$1,325$1,000$748$331
25 years$2,140$1,631$1,227$913$673$286
26 years$2,036$1,533$1,138$835$606$246
27 years$1,939$1,443$1,057$764$547$213
28 years$1,850$1,359$983$700$493$184
29 years$1,767$1,283$914$642$445$159
30 years$1,690$1,211$852$589$402$138
31 years$1,617$1,145$794$541$364$119
32 years$1,550$1,083$741$497$329$103
33 years$1,486$1,026$692$457$298$89
34 years$1,427$972$646$421$270$77
35 years$1,371$922$604$387$244$67
36 years$1,318$875$565$357$221$58
37 years$1,268$831$529$329$201$50
38 years$1,221$790$495$303$182$43
39 years$1,177$751$464$279$165$38
40 years$1,135$715$435$258$150$32
41 years$1,095$680$408$238$136$28
42 years$1,057$648$383$219$123$24
43 years$1,021$617$359$203$112$21
44 years$986$589$337$187$101$18
45 years$953$561$317$173$92$16
46 years$922$535$297$160$84$14
47 years$892$511$279$147$76$12
48 years$864$488$262$136$69$10
49 years$836$466$247$126$63$9
50 years$810$445$232$116$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $830,000, adding $6,040 every year, while hoping to spend $46,885 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: 57/38/5 Blend
67$830,000$830,000$830,000$830,000
68$920,890$876,900$864,035$972,158
69$964,936$869,983$843,095$1,000,387
70$1,011,903$861,156$819,882$1,025,294
71$1,062,039$850,275$794,271$1,051,253
72$1,115,618$837,189$766,129$1,078,368
73$1,172,936$821,737$735,321$1,106,756
74$1,234,323$803,749$701,701$1,136,547
75$1,300,136$783,045$665,120$1,167,888
76$1,370,769$759,433$625,420$1,200,940
77$1,446,654$732,712$582,439$1,235,887
78$1,528,266$702,668$536,003$1,272,933
79$1,616,125$669,074$485,935$1,312,305
80$1,710,802$631,692$432,047$1,354,258
81$1,812,927$590,267$374,143$1,399,075
82$1,923,188$544,533$312,019$1,447,072
83$2,042,344$494,206$245,463$1,498,603
84$2,171,228$438,987$174,251$1,554,059
85$2,310,756$378,561$98,152$1,613,879
86$2,461,936$312,592$16,922$1,678,549
87$2,625,873$240,729$0$1,748,612
88$2,803,785$162,598$0$1,828,391
89$2,997,012$77,806$0$1,916,040
90$3,207,026$0$0$2,011,416
91$3,435,448$0$0$2,121,241
92$3,684,059$0$0$2,276,248
93$3,954,823$0$0$2,445,133
94$4,249,896$0$0$2,629,250
95$4,571,655$0$0$2,830,091
96$4,922,713$0$0$3,049,296
97$5,305,949$0$0$3,288,672
98$5,724,531$0$0$3,550,207
99$6,181,945$0$0$3,836,091
100$6,682,031$0$0$4,148,734