Can I retire at age 68 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$69,119$68,503$67,902$67,316$66,744$65,937
2 years$34,217$33,580$32,962$32,363$31,783$30,971
3 years$22,585$21,945$21,329$20,736$20,164$19,372
4 years$16,770$16,132$15,522$14,939$14,381$13,616
5 years$13,282$12,648$12,046$11,474$10,932$10,195
6 years$10,957$10,328$9,735$9,176$8,650$7,943
7 years$9,297$8,673$8,090$7,544$7,035$6,357
8 years$8,053$7,434$6,861$6,329$5,836$5,188
9 years$7,086$6,473$5,909$5,391$4,915$4,295
10 years$6,312$5,706$5,152$4,647$4,188$3,597
11 years$5,680$5,079$4,535$4,044$3,602$3,039
12 years$5,153$4,559$4,025$3,547$3,121$2,586
13 years$4,708$4,120$3,596$3,132$2,722$2,214
14 years$4,327$3,745$3,231$2,780$2,386$1,904
15 years$3,997$3,421$2,917$2,479$2,101$1,645
16 years$3,708$3,139$2,645$2,220$1,857$1,425
17 years$3,454$2,891$2,407$1,995$1,646$1,239
18 years$3,228$2,671$2,197$1,797$1,464$1,079
19 years$3,026$2,476$2,011$1,624$1,305$942
20 years$2,845$2,300$1,846$1,471$1,165$824
21 years$2,681$2,143$1,698$1,335$1,043$722
22 years$2,532$2,000$1,565$1,214$935$633
23 years$2,396$1,871$1,445$1,105$839$556
24 years$2,272$1,753$1,336$1,008$754$489
25 years$2,158$1,645$1,238$921$679$430
26 years$2,053$1,546$1,148$842$611$379
27 years$1,956$1,455$1,066$771$551$334
28 years$1,865$1,371$991$706$497$294
29 years$1,782$1,293$922$647$449$260
30 years$1,704$1,221$859$594$406$229
31 years$1,631$1,155$801$546$367$202
32 years$1,563$1,093$747$502$332$179
33 years$1,499$1,035$698$461$300$158
34 years$1,439$981$652$424$272$140
35 years$1,383$930$609$391$246$124
36 years$1,329$883$570$360$223$109
37 years$1,279$838$534$331$202$97
38 years$1,232$797$500$306$183$85
39 years$1,187$758$468$282$166$76
40 years$1,144$721$439$260$151$67
41 years$1,104$686$411$240$137$59
42 years$1,066$654$386$221$124$52
43 years$1,029$623$362$204$113$46
44 years$994$594$340$189$102$41
45 years$961$566$319$174$93$36
46 years$930$540$300$161$84$32
47 years$900$515$282$149$77$28
48 years$871$492$265$137$70$25
49 years$844$470$249$127$63$22
50 years$817$449$234$117$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $837,000, adding $4,300 every year, while hoping to spend $28,256 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: 43/39/18 Blend
67$837,000$837,000$837,000$837,000
68$926,809$882,448$869,475$961,639
69$991,280$895,624$868,538$999,785
70$1,061,379$908,499$866,623$1,037,979
71$1,137,652$921,027$863,667$1,078,764
72$1,220,697$933,162$859,604$1,122,394
73$1,311,173$944,852$854,366$1,169,147
74$1,409,805$956,042$847,880$1,219,330
75$1,517,392$966,675$840,071$1,273,285
76$1,634,813$976,689$830,860$1,331,388
77$1,763,033$986,016$820,163$1,394,053
78$1,903,118$994,587$807,894$1,461,742
79$2,056,241$1,002,326$793,963$1,534,961
80$2,223,690$1,009,152$778,273$1,614,272
81$2,406,887$1,014,981$760,726$1,700,294
82$2,607,396$1,019,722$741,217$1,793,712
83$2,826,939$1,023,277$719,637$1,895,283
84$3,067,414$1,025,545$695,872$2,005,842
85$3,330,910$1,026,416$669,803$2,126,313
86$3,619,727$1,025,775$641,305$2,257,715
87$3,936,398$1,023,497$610,248$2,401,174
88$4,283,715$1,019,453$576,496$2,557,935
89$4,664,751$1,013,503$539,906$2,729,369
90$5,082,892$1,005,501$500,329$2,916,995
91$5,541,867$995,290$457,610$3,122,486
92$6,045,784$982,706$411,586$3,347,690
93$6,599,167$967,572$362,088$3,594,651
94$7,207,002$949,703$308,938$3,865,619
95$7,874,780$928,902$251,951$4,163,083
96$8,608,550$904,961$190,934$4,489,788
97$9,414,977$877,659$125,685$4,848,765
98$10,301,403$846,762$55,993$5,243,357
99$11,275,916$812,023$0$5,677,256
100$12,347,428$773,181$0$6,158,066