Can I retire at age 68 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$68,788$68,176$67,578$66,994$66,425$65,324
2 years$34,054$33,419$32,805$32,209$31,631$30,525
3 years$22,477$21,840$21,227$20,637$20,068$18,992
4 years$16,690$16,055$15,448$14,867$14,313$13,274
5 years$13,218$12,587$11,988$11,420$10,880$9,882
6 years$10,905$10,278$9,688$9,132$8,609$7,653
7 years$9,253$8,632$8,051$7,508$7,002$6,088
8 years$8,015$7,399$6,828$6,298$5,808$4,937
9 years$7,052$6,442$5,881$5,365$4,892$4,061
10 years$6,282$5,678$5,127$4,625$4,168$3,378
11 years$5,653$5,055$4,514$4,025$3,584$2,835
12 years$5,129$4,537$4,006$3,530$3,106$2,395
13 years$4,686$4,100$3,579$3,117$2,709$2,036
14 years$4,306$3,727$3,216$2,767$2,374$1,738
15 years$3,978$3,405$2,903$2,467$2,091$1,490
16 years$3,691$3,124$2,632$2,209$1,848$1,281
17 years$3,437$2,877$2,395$1,985$1,638$1,105
18 years$3,213$2,658$2,187$1,789$1,457$955
19 years$3,012$2,464$2,002$1,616$1,298$827
20 years$2,831$2,289$1,837$1,464$1,160$718
21 years$2,668$2,133$1,690$1,329$1,038$624
22 years$2,520$1,991$1,557$1,208$930$542
23 years$2,385$1,862$1,438$1,100$835$472
24 years$2,261$1,744$1,330$1,003$751$412
25 years$2,148$1,637$1,232$916$675$359
26 years$2,043$1,539$1,142$838$608$314
27 years$1,946$1,448$1,061$767$549$274
28 years$1,857$1,364$986$703$495$239
29 years$1,773$1,287$918$644$447$209
30 years$1,696$1,216$855$591$404$183
31 years$1,623$1,149$797$543$365$160
32 years$1,555$1,087$744$499$330$140
33 years$1,492$1,030$694$459$299$123
34 years$1,432$976$649$422$271$108
35 years$1,376$926$606$389$245$94
36 years$1,323$879$567$358$222$83
37 years$1,273$834$531$330$201$72
38 years$1,226$793$497$304$182$63
39 years$1,181$754$466$280$165$56
40 years$1,139$717$437$259$150$49
41 years$1,099$683$409$239$136$43
42 years$1,061$650$384$220$124$37
43 years$1,024$620$360$203$112$33
44 years$990$591$338$188$102$29
45 years$957$563$318$173$92$25
46 years$925$537$298$160$84$22
47 years$895$513$280$148$76$19
48 years$867$490$263$137$69$17
49 years$839$467$248$126$63$15
50 years$813$447$233$117$57$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $833,000, adding $4,664 every year, while hoping to spend $39,556 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: 88/7/5 Blend
67$833,000$833,000$833,000$833,000
68$922,777$878,628$865,716$1,003,669
69$974,813$879,593$852,631$1,057,975
70$1,030,831$879,280$837,781$1,111,635
71$1,091,195$877,585$821,066$1,169,315
72$1,156,306$874,395$802,380$1,231,391
73$1,226,603$869,594$781,614$1,298,274
74$1,302,569$863,058$758,651$1,370,420
75$1,384,736$854,652$733,371$1,448,325
76$1,473,687$844,238$705,647$1,532,540
77$1,570,064$831,667$675,347$1,623,670
78$1,674,572$816,780$642,332$1,722,380
79$1,787,988$799,411$606,460$1,829,403
80$1,911,164$779,384$567,577$1,945,546
81$2,045,039$756,510$525,528$2,071,697
82$2,190,646$730,592$480,146$2,208,835
83$2,349,121$701,420$431,260$2,358,038
84$2,521,714$668,772$378,689$2,520,491
85$2,709,800$632,413$322,247$2,697,503
86$2,914,893$592,095$261,736$2,890,514
87$3,138,660$547,555$196,951$3,101,108
88$3,382,934$498,516$127,680$3,331,035
89$3,649,734$444,684$53,698$3,582,218
90$3,941,282$385,749$0$3,856,777
91$4,260,026$321,384$0$4,158,398
92$4,608,658$251,241$0$4,491,450
93$4,990,145$174,957$0$4,855,917
94$5,407,754$92,143$0$5,254,936
95$5,865,080$2,393$0$5,691,967
96$6,366,083$0$0$6,170,817
97$6,915,127$0$0$6,702,980
98$7,517,013$0$0$7,286,570
99$8,177,033$0$0$7,926,532
100$8,901,013$0$0$8,628,517