Can I retire at age 68 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$69,036$68,421$67,821$67,236$66,664$64,120
2 years$34,176$33,540$32,923$32,325$31,745$29,212
3 years$22,558$21,919$21,303$20,711$20,140$17,698
4 years$16,750$16,113$15,503$14,921$14,364$12,031
5 years$13,266$12,632$12,031$11,461$10,919$8,702
6 years$10,944$10,315$9,723$9,165$8,640$6,539
7 years$9,286$8,663$8,080$7,535$7,027$5,042
8 years$8,043$7,426$6,852$6,321$5,829$3,959
9 years$7,077$6,465$5,902$5,384$4,909$3,150
10 years$6,305$5,699$5,145$4,641$4,183$2,532
11 years$5,673$5,073$4,530$4,039$3,597$2,051
12 years$5,147$4,554$4,020$3,543$3,117$1,671
13 years$4,703$4,115$3,592$3,128$2,718$1,369
14 years$4,322$3,741$3,227$2,777$2,383$1,125
15 years$3,992$3,417$2,914$2,476$2,098$928
16 years$3,704$3,135$2,642$2,217$1,854$767
17 years$3,450$2,887$2,404$1,992$1,644$636
18 years$3,224$2,668$2,194$1,795$1,462$528
19 years$3,023$2,473$2,009$1,622$1,303$439
20 years$2,841$2,298$1,844$1,469$1,164$365
21 years$2,678$2,140$1,696$1,333$1,042$304
22 years$2,529$1,998$1,563$1,212$934$253
23 years$2,393$1,869$1,443$1,104$838$211
24 years$2,269$1,751$1,335$1,007$753$176
25 years$2,155$1,643$1,236$920$678$147
26 years$2,050$1,544$1,146$841$611$123
27 years$1,953$1,453$1,065$770$550$103
28 years$1,863$1,369$990$705$497$86
29 years$1,780$1,292$921$647$449$72
30 years$1,702$1,220$858$594$405$60
31 years$1,629$1,153$800$545$366$50
32 years$1,561$1,091$746$501$331$42
33 years$1,497$1,033$697$461$300$35
34 years$1,437$979$651$424$272$29
35 years$1,381$929$609$390$246$25
36 years$1,328$882$569$359$223$21
37 years$1,278$837$533$331$202$17
38 years$1,230$796$499$305$183$14
39 years$1,185$757$468$281$166$12
40 years$1,143$720$438$260$151$10
41 years$1,103$685$411$239$137$8
42 years$1,064$653$385$221$124$7
43 years$1,028$622$362$204$113$6
44 years$993$593$340$188$102$5
45 years$960$565$319$174$93$4
46 years$929$539$299$161$84$3
47 years$899$515$281$148$76$3
48 years$870$491$264$137$69$2
49 years$843$469$248$127$63$2
50 years$816$448$234$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $836,000, adding $2,319 every year, while hoping to spend $39,018 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: 65/10/25 Blend
67$836,000$836,000$836,000$836,000
68$923,664$879,356$866,398$977,530
69$976,363$880,930$853,908$1,015,710
70$1,033,129$881,273$839,691$1,052,839
71$1,094,337$880,284$823,649$1,092,541
72$1,160,397$877,855$805,678$1,135,072
73$1,231,759$873,871$785,671$1,180,716
74$1,308,920$868,212$763,512$1,229,785
75$1,392,424$860,749$739,084$1,282,626
76$1,482,870$851,345$712,262$1,339,622
77$1,580,918$839,855$682,918$1,401,195
78$1,687,290$826,127$650,914$1,467,813
79$1,802,783$809,997$616,109$1,539,994
80$1,928,273$791,293$578,355$1,618,308
81$2,064,724$769,833$537,497$1,703,386
82$2,213,196$745,425$493,373$1,795,926
83$2,374,854$717,863$445,814$1,896,699
84$2,550,983$686,932$394,642$2,006,554
85$2,742,995$652,404$339,674$2,126,434
86$2,952,444$614,035$280,717$2,257,375
87$3,181,041$571,571$217,569$2,400,525
88$3,430,670$524,740$150,020$2,557,151
89$3,703,403$473,258$77,851$2,728,650
90$4,001,524$416,821$832$2,916,568
91$4,327,545$355,110$0$3,122,608
92$4,684,233$287,789$0$3,370,357
93$5,074,634$214,500$0$3,641,836
94$5,502,103$134,867$0$3,939,186
95$5,970,334$48,492$0$4,265,012
96$6,483,396$0$0$4,622,183
97$7,045,770$0$0$5,018,817
98$7,662,389$0$0$5,459,617
99$8,338,688$0$0$5,943,139
100$9,080,654$0$0$6,473,669