Can I retire at age 68 with 831,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$68,623$68,012$67,416$66,833$66,265$65,383
2 years$33,972$33,339$32,726$32,131$31,555$30,667
3 years$22,423$21,788$21,176$20,587$20,020$19,155
4 years$16,650$16,016$15,411$14,832$14,278$13,442
5 years$13,187$12,557$11,959$11,392$10,854$10,050
6 years$10,879$10,254$9,665$9,110$8,588$7,816
7 years$9,231$8,611$8,032$7,490$6,985$6,245
8 years$7,995$7,381$6,811$6,283$5,794$5,088
9 years$7,035$6,427$5,867$5,352$4,880$4,205
10 years$6,267$5,665$5,115$4,613$4,158$3,515
11 years$5,639$5,043$4,503$4,015$3,576$2,965
12 years$5,117$4,526$3,996$3,522$3,099$2,518
13 years$4,674$4,090$3,570$3,109$2,702$2,151
14 years$4,296$3,718$3,208$2,760$2,369$1,847
15 years$3,968$3,397$2,896$2,461$2,086$1,592
16 years$3,682$3,116$2,626$2,204$1,843$1,376
17 years$3,429$2,870$2,390$1,980$1,634$1,194
18 years$3,205$2,652$2,181$1,785$1,453$1,038
19 years$3,004$2,458$1,997$1,613$1,295$904
20 years$2,824$2,284$1,833$1,460$1,157$789
21 years$2,662$2,127$1,686$1,325$1,035$690
22 years$2,514$1,986$1,554$1,205$928$604
23 years$2,379$1,857$1,435$1,098$833$529
24 years$2,256$1,740$1,327$1,001$749$464
25 years$2,142$1,633$1,229$914$674$407
26 years$2,038$1,535$1,140$836$607$358
27 years$1,942$1,444$1,058$765$547$315
28 years$1,852$1,361$984$701$494$277
29 years$1,769$1,284$915$643$446$244
30 years$1,692$1,213$853$590$403$214
31 years$1,619$1,146$795$542$364$189
32 years$1,552$1,085$742$498$329$166
33 years$1,488$1,027$693$458$298$147
34 years$1,429$974$647$421$270$129
35 years$1,373$923$605$388$244$114
36 years$1,320$876$566$357$222$101
37 years$1,270$832$530$329$201$89
38 years$1,223$791$496$303$182$78
39 years$1,178$752$465$280$165$69
40 years$1,136$716$436$258$150$61
41 years$1,096$681$408$238$136$54
42 years$1,058$649$383$220$123$48
43 years$1,022$618$360$203$112$42
44 years$987$589$337$187$102$37
45 years$955$562$317$173$92$33
46 years$923$536$298$160$84$29
47 years$893$512$280$148$76$25
48 years$865$488$263$136$69$23
49 years$837$466$247$126$63$20
50 years$811$445$232$116$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $831,000, adding $4,173 every year, while hoping to spend $29,083 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: 68/10/22 Blend
67$831,000$831,000$831,000$831,000
68$920,066$876,023$863,143$977,257
69$982,969$888,005$861,114$1,028,067
70$1,051,313$899,598$858,043$1,079,879
71$1,125,623$910,754$853,863$1,135,865
72$1,206,475$921,419$848,506$1,196,438
73$1,294,504$931,538$841,900$1,262,050
74$1,390,409$941,049$833,969$1,333,202
75$1,494,958$949,887$824,634$1,410,444
76$1,608,997$957,985$813,812$1,494,385
77$1,733,456$965,268$801,417$1,585,695
78$1,869,361$971,659$787,357$1,685,112
79$2,017,840$977,074$771,537$1,793,453
80$2,180,135$981,426$753,859$1,911,615
81$2,357,613$984,619$734,217$2,040,591
82$2,551,779$986,555$712,503$2,181,473
83$2,764,291$987,127$688,603$2,335,466
84$2,996,975$986,223$662,397$2,503,900
85$3,251,841$983,722$633,761$2,688,239
86$3,531,102$979,497$602,565$2,890,101
87$3,837,196$973,414$568,673$3,111,266
88$4,172,808$965,330$531,942$3,353,699
89$4,540,895$955,092$492,223$3,619,568
90$4,944,715$942,540$449,361$3,911,260
91$5,387,855$927,503$403,193$4,231,409
92$5,874,266$909,801$353,551$4,582,920
93$6,408,303$889,243$300,256$4,968,994
94$6,994,759$865,625$243,124$5,393,161
95$7,638,918$838,734$181,961$5,859,313
96$8,346,597$808,342$116,567$6,371,740
97$9,124,208$774,208$46,730$6,935,175
98$9,978,812$736,079$0$7,554,832
99$10,918,189$693,686$0$8,242,987
100$11,950,912$646,744$0$9,011,584