Can I retire at age 68 with 835,000?

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 $835,000?

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$68,954$68,339$67,740$67,155$66,584$65,971
2 years$34,135$33,500$32,884$32,286$31,707$31,089
3 years$22,531$21,892$21,278$20,686$20,116$19,513
4 years$16,730$16,093$15,485$14,903$14,347$13,763
5 years$13,250$12,617$12,017$11,447$10,906$10,343
6 years$10,931$10,303$9,711$9,154$8,630$8,088
7 years$9,275$8,652$8,070$7,526$7,018$6,499
8 years$8,034$7,417$6,844$6,314$5,822$5,325
9 years$7,069$6,458$5,895$5,378$4,903$4,427
10 years$6,297$5,692$5,139$4,636$4,178$3,723
11 years$5,666$5,067$4,525$4,034$3,593$3,159
12 years$5,141$4,548$4,015$3,539$3,114$2,701
13 years$4,697$4,110$3,588$3,124$2,715$2,322
14 years$4,317$3,736$3,223$2,773$2,380$2,007
15 years$3,987$3,413$2,910$2,473$2,096$1,741
16 years$3,699$3,131$2,639$2,215$1,852$1,516
17 years$3,446$2,884$2,401$1,990$1,642$1,324
18 years$3,220$2,665$2,192$1,793$1,460$1,160
19 years$3,019$2,470$2,007$1,620$1,302$1,018
20 years$2,838$2,295$1,841$1,467$1,163$895
21 years$2,674$2,138$1,694$1,332$1,040$788
22 years$2,526$1,995$1,561$1,211$933$695
23 years$2,390$1,866$1,441$1,103$837$613
24 years$2,267$1,749$1,333$1,006$752$542
25 years$2,153$1,641$1,235$919$677$480
26 years$2,048$1,542$1,145$840$610$425
27 years$1,951$1,451$1,063$769$550$376
28 years$1,861$1,368$989$704$496$334
29 years$1,778$1,290$920$646$448$296
30 years$1,700$1,218$857$593$405$263
31 years$1,627$1,152$799$544$366$234
32 years$1,559$1,090$745$500$331$207
33 years$1,495$1,032$696$460$300$184
34 years$1,436$978$650$423$271$164
35 years$1,379$928$608$390$246$146
36 years$1,326$881$569$359$223$130
37 years$1,276$836$532$331$202$115
38 years$1,229$795$498$305$183$103
39 years$1,184$756$467$281$166$91
40 years$1,142$719$438$259$150$81
41 years$1,101$685$410$239$136$72
42 years$1,063$652$385$221$124$64
43 years$1,027$621$361$204$112$57
44 years$992$592$339$188$102$51
45 years$959$565$318$174$93$46
46 years$928$539$299$160$84$41
47 years$898$514$281$148$76$36
48 years$869$491$264$137$69$32
49 years$842$469$248$127$63$29
50 years$815$448$233$117$57$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $835,000, adding $5,559 every year, while hoping to spend $27,386 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: 38/40/22 Blend
67$835,000$835,000$835,000$835,000
68$925,904$881,649$868,707$954,812
69$991,208$895,711$868,670$990,343
70$1,062,255$909,545$867,714$1,025,743
71$1,139,602$923,110$865,779$1,063,446
72$1,223,861$936,362$862,803$1,103,679
73$1,315,708$949,257$858,720$1,146,689
74$1,415,884$961,744$853,461$1,192,751
75$1,525,206$973,772$846,954$1,242,169
76$1,644,574$985,283$839,123$1,295,277
77$1,774,976$996,218$829,890$1,352,449
78$1,917,503$1,006,512$819,171$1,414,093
79$2,073,355$1,016,097$806,879$1,480,664
80$2,243,852$1,024,901$792,924$1,552,665
81$2,430,448$1,032,845$777,211$1,630,649
82$2,634,746$1,039,846$759,639$1,715,231
83$2,858,508$1,045,817$740,105$1,807,088
84$3,103,677$1,050,663$718,500$1,906,969
85$3,372,392$1,054,285$694,710$2,015,703
86$3,667,008$1,056,577$668,615$2,134,204
87$3,990,120$1,057,427$640,090$2,263,483
88$4,344,585$1,056,714$609,006$2,404,658
89$4,733,552$1,054,311$575,227$2,558,962
90$5,160,485$1,050,084$538,608$2,727,757
91$5,629,206$1,043,889$499,003$2,912,550
92$6,143,921$1,035,575$456,255$3,115,003
93$6,709,263$1,024,980$410,202$3,336,952
94$7,330,337$1,011,934$360,673$3,580,425
95$8,012,769$996,256$307,493$3,847,661
96$8,762,752$977,754$250,475$4,141,131
97$9,587,114$956,225$189,427$4,463,566
98$10,493,373$931,453$124,146$4,817,977
99$11,489,814$903,211$54,422$5,207,692
100$12,585,565$871,258$0$5,636,381