Can I retire at age 68 with 831,000?

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 $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%13.1%
1 years$68,623$68,012$67,416$66,833$66,265$65,410
2 years$33,972$33,339$32,726$32,131$31,555$30,694
3 years$22,423$21,788$21,176$20,587$20,020$19,181
4 years$16,650$16,016$15,411$14,832$14,278$13,467
5 years$13,187$12,557$11,959$11,392$10,854$10,074
6 years$10,879$10,254$9,665$9,110$8,588$7,839
7 years$9,231$8,611$8,032$7,490$6,985$6,267
8 years$7,995$7,381$6,811$6,283$5,794$5,109
9 years$7,035$6,427$5,867$5,352$4,880$4,225
10 years$6,267$5,665$5,115$4,613$4,158$3,534
11 years$5,639$5,043$4,503$4,015$3,576$2,982
12 years$5,117$4,526$3,996$3,522$3,099$2,535
13 years$4,674$4,090$3,570$3,109$2,702$2,167
14 years$4,296$3,718$3,208$2,760$2,369$1,861
15 years$3,968$3,397$2,896$2,461$2,086$1,605
16 years$3,682$3,116$2,626$2,204$1,843$1,389
17 years$3,429$2,870$2,390$1,980$1,634$1,206
18 years$3,205$2,652$2,181$1,785$1,453$1,049
19 years$3,004$2,458$1,997$1,613$1,295$914
20 years$2,824$2,284$1,833$1,460$1,157$799
21 years$2,662$2,127$1,686$1,325$1,035$699
22 years$2,514$1,986$1,554$1,205$928$612
23 years$2,379$1,857$1,435$1,098$833$537
24 years$2,256$1,740$1,327$1,001$749$471
25 years$2,142$1,633$1,229$914$674$414
26 years$2,038$1,535$1,140$836$607$364
27 years$1,942$1,444$1,058$765$547$320
28 years$1,852$1,361$984$701$494$282
29 years$1,769$1,284$915$643$446$248
30 years$1,692$1,213$853$590$403$219
31 years$1,619$1,146$795$542$364$193
32 years$1,552$1,085$742$498$329$170
33 years$1,488$1,027$693$458$298$150
34 years$1,429$974$647$421$270$132
35 years$1,373$923$605$388$244$117
36 years$1,320$876$566$357$222$103
37 years$1,270$832$530$329$201$91
38 years$1,223$791$496$303$182$80
39 years$1,178$752$465$280$165$71
40 years$1,136$716$436$258$150$63
41 years$1,096$681$408$238$136$55
42 years$1,058$649$383$220$123$49
43 years$1,022$618$360$203$112$43
44 years$987$589$337$187$102$38
45 years$955$562$317$173$92$34
46 years$923$536$298$160$84$30
47 years$893$512$280$148$76$26
48 years$865$488$263$136$69$23
49 years$837$466$247$126$63$21
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 $2,584 every year, while hoping to spend $48,409 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: 52/43/5 Blend
67$831,000$831,000$831,000$831,000
68$918,427$874,384$861,504$965,020
69$960,600$865,722$838,857$988,215
70$1,005,452$855,014$813,830$1,007,916
71$1,053,205$842,106$786,290$1,028,163
72$1,104,103$826,840$756,102$1,049,014
73$1,158,412$809,046$723,122$1,070,539
74$1,216,423$788,543$687,200$1,092,816
75$1,278,457$765,140$648,180$1,115,935
76$1,344,865$738,636$605,898$1,139,998
77$1,416,030$708,818$560,184$1,165,118
78$1,492,374$675,460$510,860$1,191,428
79$1,574,360$638,322$457,738$1,219,076
80$1,662,497$597,151$400,625$1,248,227
81$1,757,342$551,682$339,315$1,279,072
82$1,859,507$501,630$273,598$1,311,822
83$1,969,664$446,698$203,252$1,346,717
84$2,088,553$386,569$128,044$1,384,027
85$2,216,985$320,911$47,733$1,424,052
86$2,355,852$249,370$0$1,467,134
87$2,506,135$171,575$0$1,515,678
88$2,668,911$87,133$0$1,570,935
89$2,845,366$0$0$1,630,845
90$3,036,802$0$0$1,698,029
91$3,244,653$0$0$1,815,807
92$3,470,494$0$0$1,943,853
93$3,716,061$0$0$2,083,159
94$3,983,259$0$0$2,234,816
95$4,274,189$0$0$2,400,026
96$4,591,160$0$0$2,580,112
97$4,936,713$0$0$2,776,527
98$5,313,647$0$0$2,990,874
99$5,725,039$0$0$3,224,916
100$6,174,280$0$0$3,480,592