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%13.6%
1 years$69,119$68,503$67,902$67,316$66,744$65,746
2 years$34,217$33,580$32,962$32,363$31,783$30,780
3 years$22,585$21,945$21,329$20,736$20,164$19,188
4 years$16,770$16,132$15,522$14,939$14,381$13,438
5 years$13,282$12,648$12,046$11,474$10,932$10,026
6 years$10,957$10,328$9,735$9,176$8,650$7,781
7 years$9,297$8,673$8,090$7,544$7,035$6,203
8 years$8,053$7,434$6,861$6,329$5,836$5,042
9 years$7,086$6,473$5,909$5,391$4,915$4,158
10 years$6,312$5,706$5,152$4,647$4,188$3,467
11 years$5,680$5,079$4,535$4,044$3,602$2,916
12 years$5,153$4,559$4,025$3,547$3,121$2,471
13 years$4,708$4,120$3,596$3,132$2,722$2,105
14 years$4,327$3,745$3,231$2,780$2,386$1,802
15 years$3,997$3,421$2,917$2,479$2,101$1,549
16 years$3,708$3,139$2,645$2,220$1,857$1,336
17 years$3,454$2,891$2,407$1,995$1,646$1,155
18 years$3,228$2,671$2,197$1,797$1,464$1,002
19 years$3,026$2,476$2,011$1,624$1,305$870
20 years$2,845$2,300$1,846$1,471$1,165$757
21 years$2,681$2,143$1,698$1,335$1,043$660
22 years$2,532$2,000$1,565$1,214$935$576
23 years$2,396$1,871$1,445$1,105$839$503
24 years$2,272$1,753$1,336$1,008$754$440
25 years$2,158$1,645$1,238$921$679$385
26 years$2,053$1,546$1,148$842$611$337
27 years$1,956$1,455$1,066$771$551$295
28 years$1,865$1,371$991$706$497$259
29 years$1,782$1,293$922$647$449$227
30 years$1,704$1,221$859$594$406$199
31 years$1,631$1,155$801$546$367$175
32 years$1,563$1,093$747$502$332$154
33 years$1,499$1,035$698$461$300$135
34 years$1,439$981$652$424$272$119
35 years$1,383$930$609$391$246$104
36 years$1,329$883$570$360$223$92
37 years$1,279$838$534$331$202$81
38 years$1,232$797$500$306$183$71
39 years$1,187$758$468$282$166$62
40 years$1,144$721$439$260$151$55
41 years$1,104$686$411$240$137$48
42 years$1,066$654$386$221$124$42
43 years$1,029$623$362$204$113$37
44 years$994$594$340$189$102$33
45 years$961$566$319$174$93$29
46 years$930$540$300$161$84$25
47 years$900$515$282$149$77$22
48 years$871$492$265$137$70$20
49 years$844$470$249$127$63$17
50 years$817$449$234$117$57$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $837,000, adding $4,938 every year, while hoping to spend $53,469 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: 40/42/18 Blend
67$837,000$837,000$837,000$837,000
68$927,468$883,107$870,133$959,434
69$965,179$869,488$842,392$969,075
70$1,004,944$853,410$811,929$973,974
71$1,046,917$834,696$778,598$978,155
72$1,091,265$813,159$742,243$981,579
73$1,138,169$788,599$702,703$984,211
74$1,187,829$760,807$659,811$986,014
75$1,240,462$729,560$613,388$986,953
76$1,296,304$694,624$563,252$986,995
77$1,355,616$655,749$509,210$986,109
78$1,418,681$612,673$451,060$984,266
79$1,485,809$565,117$388,594$981,444
80$1,557,341$512,787$321,591$977,620
81$1,633,649$455,372$249,823$972,779
82$1,715,140$392,544$173,051$966,913
83$1,802,260$323,956$91,025$960,018
84$1,895,501$249,240$3,484$952,102
85$1,995,399$168,009$0$943,179
86$2,102,543$79,855$0$950,550
87$2,217,579$0$0$958,818
88$2,341,218$0$0$974,660
89$2,474,237$0$0$1,031,488
90$2,617,491$0$0$1,092,772
91$2,771,921$0$0$1,158,922
92$2,938,557$0$0$1,230,393
93$3,118,532$0$0$1,307,681
94$3,313,093$0$0$1,391,333
95$3,523,607$0$0$1,481,952
96$3,751,580$0$0$1,580,198
97$3,998,667$0$0$1,686,799
98$4,266,685$0$0$1,802,553
99$4,557,637$0$0$1,928,341
100$4,873,721$0$0$2,065,131