Can I retire at age 68 with 833,000?

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 $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%11.4%
1 years$68,788$68,176$67,578$66,994$66,425$66,034
2 years$34,054$33,419$32,805$32,209$31,631$31,236
3 years$22,477$21,840$21,227$20,637$20,068$19,682
4 years$16,690$16,055$15,448$14,867$14,313$13,939
5 years$13,218$12,587$11,988$11,420$10,880$10,519
6 years$10,905$10,278$9,688$9,132$8,609$8,261
7 years$9,253$8,632$8,051$7,508$7,002$6,667
8 years$8,015$7,399$6,828$6,298$5,808$5,487
9 years$7,052$6,442$5,881$5,365$4,892$4,584
10 years$6,282$5,678$5,127$4,625$4,168$3,874
11 years$5,653$5,055$4,514$4,025$3,584$3,303
12 years$5,129$4,537$4,006$3,530$3,106$2,838
13 years$4,686$4,100$3,579$3,117$2,709$2,453
14 years$4,306$3,727$3,216$2,767$2,374$2,131
15 years$3,978$3,405$2,903$2,467$2,091$1,859
16 years$3,691$3,124$2,632$2,209$1,848$1,627
17 years$3,437$2,877$2,395$1,985$1,638$1,429
18 years$3,213$2,658$2,187$1,789$1,457$1,259
19 years$3,012$2,464$2,002$1,616$1,298$1,111
20 years$2,831$2,289$1,837$1,464$1,160$982
21 years$2,668$2,133$1,690$1,329$1,038$870
22 years$2,520$1,991$1,557$1,208$930$772
23 years$2,385$1,862$1,438$1,100$835$686
24 years$2,261$1,744$1,330$1,003$751$610
25 years$2,148$1,637$1,232$916$675$543
26 years$2,043$1,539$1,142$838$608$484
27 years$1,946$1,448$1,061$767$549$431
28 years$1,857$1,364$986$703$495$385
29 years$1,773$1,287$918$644$447$344
30 years$1,696$1,216$855$591$404$307
31 years$1,623$1,149$797$543$365$275
32 years$1,555$1,087$744$499$330$246
33 years$1,492$1,030$694$459$299$220
34 years$1,432$976$649$422$271$197
35 years$1,376$926$606$389$245$176
36 years$1,323$879$567$358$222$158
37 years$1,273$834$531$330$201$141
38 years$1,226$793$497$304$182$127
39 years$1,181$754$466$280$165$113
40 years$1,139$717$437$259$150$102
41 years$1,099$683$409$239$136$91
42 years$1,061$650$384$220$124$82
43 years$1,024$620$360$203$112$73
44 years$990$591$338$188$102$66
45 years$957$563$318$173$92$59
46 years$925$537$298$160$84$53
47 years$895$513$280$148$76$47
48 years$867$490$263$137$69$43
49 years$839$467$248$126$63$38
50 years$813$447$233$117$57$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $833,000, adding $3,428 every year, while hoping to spend $38,417 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: 69/15/16 Blend
67$833,000$833,000$833,000$833,000
68$921,502$877,353$864,441$981,393
69$974,620$879,468$852,525$1,023,836
70$1,031,868$880,399$838,921$1,065,370
71$1,093,627$880,047$823,534$1,109,841
72$1,160,316$878,309$806,262$1,157,534
73$1,232,395$875,071$786,997$1,208,763
74$1,310,367$870,218$765,630$1,263,876
75$1,394,789$863,623$742,043$1,323,256
76$1,486,271$855,155$716,115$1,387,326
77$1,585,485$844,671$687,719$1,456,554
78$1,693,168$832,024$656,721$1,531,455
79$1,810,133$817,055$622,983$1,612,600
80$1,937,272$799,596$586,359$1,700,617
81$2,075,569$779,471$546,697$1,796,200
82$2,226,103$756,492$503,838$1,900,116
83$2,390,066$730,460$457,616$2,013,210
84$2,568,764$701,165$407,858$2,136,417
85$2,763,640$668,383$354,383$2,270,766
86$2,976,279$631,881$297,002$2,417,396
87$3,208,424$591,409$235,517$2,577,561
88$3,461,999$546,703$169,722$2,752,646
89$3,739,117$497,486$99,402$2,944,182
90$4,042,107$443,463$24,332$3,153,854
91$4,373,533$384,323$0$3,383,525
92$4,736,216$319,738$0$3,644,772
93$5,133,265$249,360$0$3,935,390
94$5,568,103$172,824$0$4,253,766
95$6,044,499$89,742$0$4,602,705
96$6,566,604$0$0$4,985,298
97$7,138,988$0$0$5,405,002
98$7,766,687$0$0$5,881,557
99$8,455,246$0$0$6,404,365
100$9,210,774$0$0$6,978,071