Can I retire at age 68 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$68,706$68,094$67,497$66,914$66,345$65,734
2 years$34,013$33,379$32,765$32,170$31,593$30,977
3 years$22,450$21,814$21,201$20,612$20,044$19,443
4 years$16,670$16,035$15,429$14,850$14,295$13,714
5 years$13,202$12,572$11,974$11,406$10,867$10,306
6 years$10,892$10,266$9,677$9,121$8,599$8,059
7 years$9,242$8,621$8,041$7,499$6,993$6,475
8 years$8,005$7,390$6,820$6,291$5,801$5,305
9 years$7,043$6,434$5,874$5,358$4,886$4,411
10 years$6,275$5,672$5,121$4,619$4,163$3,710
11 years$5,646$5,049$4,508$4,020$3,580$3,148
12 years$5,123$4,532$4,001$3,526$3,103$2,691
13 years$4,680$4,095$3,575$3,113$2,705$2,314
14 years$4,301$3,723$3,212$2,763$2,372$2,000
15 years$3,973$3,401$2,900$2,464$2,088$1,735
16 years$3,686$3,120$2,629$2,207$1,845$1,511
17 years$3,433$2,873$2,392$1,983$1,636$1,320
18 years$3,209$2,655$2,184$1,787$1,455$1,155
19 years$3,008$2,461$1,999$1,614$1,297$1,014
20 years$2,828$2,287$1,835$1,462$1,158$891
21 years$2,665$2,130$1,688$1,327$1,037$785
22 years$2,517$1,988$1,555$1,207$929$692
23 years$2,382$1,860$1,436$1,099$834$611
24 years$2,258$1,742$1,328$1,002$750$540
25 years$2,145$1,635$1,230$915$675$478
26 years$2,041$1,537$1,141$837$608$423
27 years$1,944$1,446$1,060$766$548$375
28 years$1,854$1,363$985$702$494$333
29 years$1,771$1,286$917$644$446$295
30 years$1,694$1,214$854$591$403$262
31 years$1,621$1,148$796$542$365$233
32 years$1,553$1,086$743$499$330$207
33 years$1,490$1,028$693$458$299$184
34 years$1,430$975$648$422$270$163
35 years$1,374$925$606$388$245$145
36 years$1,321$878$567$358$222$129
37 years$1,272$833$530$330$201$115
38 years$1,224$792$497$304$182$102
39 years$1,180$753$465$280$165$91
40 years$1,137$717$436$258$150$81
41 years$1,097$682$409$238$136$72
42 years$1,059$650$384$220$123$64
43 years$1,023$619$360$203$112$57
44 years$989$590$338$187$102$51
45 years$956$563$317$173$92$45
46 years$924$537$298$160$84$40
47 years$894$512$280$148$76$36
48 years$866$489$263$137$69$32
49 years$838$467$247$126$63$29
50 years$812$446$232$117$57$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $832,000, adding $3,245 every year, while hoping to spend $37,858 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: 62/30/8 Blend
67$832,000$832,000$832,000$832,000
68$920,211$876,115$863,219$975,540
69$973,792$878,764$851,856$1,015,560
70$1,031,569$880,274$838,844$1,054,537
71$1,093,931$880,549$824,087$1,096,117
72$1,161,304$879,488$807,486$1,140,551
73$1,234,156$876,982$788,936$1,188,117
74$1,313,003$872,917$768,328$1,239,120
75$1,398,410$867,171$745,548$1,293,902
76$1,491,001$859,615$720,476$1,352,836
77$1,591,459$850,112$692,988$1,416,337
78$1,700,538$838,518$662,954$1,484,863
79$1,819,065$824,678$630,235$1,558,920
80$1,947,952$808,430$594,691$1,639,069
81$2,088,201$789,600$556,171$1,725,926
82$2,240,915$768,008$514,519$1,820,175
83$2,407,306$743,458$469,573$1,922,571
84$2,588,710$715,746$421,163$2,033,949
85$2,786,597$684,657$369,111$2,155,228
86$3,002,585$649,960$313,231$2,287,428
87$3,238,453$611,413$253,329$2,431,673
88$3,496,163$568,759$189,203$2,589,204
89$3,777,872$521,729$120,641$2,761,394
90$4,085,956$470,034$47,424$2,949,758
91$4,423,030$413,373$0$3,155,968
92$4,791,976$351,425$0$3,384,494
93$5,195,965$283,852$0$3,639,245
94$5,638,490$210,298$0$3,918,443
95$6,123,398$130,384$0$4,224,596
96$6,654,924$43,712$0$4,560,475
97$7,237,734$0$0$4,929,133
98$7,876,967$0$0$5,350,495
99$8,578,284$0$0$5,828,674
100$9,347,917$0$0$6,353,499