Can I retire at age 68 with 837,000?

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 $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%18.2%
1 years$69,119$68,503$67,902$67,316$66,744$64,530
2 years$34,217$33,580$32,962$32,363$31,783$29,574
3 years$22,585$21,945$21,329$20,736$20,164$18,029
4 years$16,770$16,132$15,522$14,939$14,381$12,337
5 years$13,282$12,648$12,046$11,474$10,932$8,984
6 years$10,957$10,328$9,735$9,176$8,650$6,800
7 years$9,297$8,673$8,090$7,544$7,035$5,282
8 years$8,053$7,434$6,861$6,329$5,836$4,179
9 years$7,086$6,473$5,909$5,391$4,915$3,352
10 years$6,312$5,706$5,152$4,647$4,188$2,717
11 years$5,680$5,079$4,535$4,044$3,602$2,219
12 years$5,153$4,559$4,025$3,547$3,121$1,824
13 years$4,708$4,120$3,596$3,132$2,722$1,507
14 years$4,327$3,745$3,231$2,780$2,386$1,251
15 years$3,997$3,421$2,917$2,479$2,101$1,041
16 years$3,708$3,139$2,645$2,220$1,857$869
17 years$3,454$2,891$2,407$1,995$1,646$727
18 years$3,228$2,671$2,197$1,797$1,464$609
19 years$3,026$2,476$2,011$1,624$1,305$511
20 years$2,845$2,300$1,846$1,471$1,165$430
21 years$2,681$2,143$1,698$1,335$1,043$361
22 years$2,532$2,000$1,565$1,214$935$304
23 years$2,396$1,871$1,445$1,105$839$256
24 years$2,272$1,753$1,336$1,008$754$216
25 years$2,158$1,645$1,238$921$679$182
26 years$2,053$1,546$1,148$842$611$154
27 years$1,956$1,455$1,066$771$551$130
28 years$1,865$1,371$991$706$497$110
29 years$1,782$1,293$922$647$449$93
30 years$1,704$1,221$859$594$406$78
31 years$1,631$1,155$801$546$367$66
32 years$1,563$1,093$747$502$332$56
33 years$1,499$1,035$698$461$300$47
34 years$1,439$981$652$424$272$40
35 years$1,383$930$609$391$246$34
36 years$1,329$883$570$360$223$29
37 years$1,279$838$534$331$202$24
38 years$1,232$797$500$306$183$20
39 years$1,187$758$468$282$166$17
40 years$1,144$721$439$260$151$15
41 years$1,104$686$411$240$137$12
42 years$1,066$654$386$221$124$10
43 years$1,029$623$362$204$113$9
44 years$994$594$340$189$102$7
45 years$961$566$319$174$93$6
46 years$930$540$300$161$84$5
47 years$900$515$282$149$77$5
48 years$871$492$265$137$70$4
49 years$844$470$249$127$63$3
50 years$817$449$234$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $837,000, adding $2,156 every year, while hoping to spend $42,225 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: 60/35/5 Blend
67$837,000$837,000$837,000$837,000
68$924,598$880,237$867,263$979,161
69$973,980$878,441$851,390$1,014,106
70$1,026,983$875,143$833,569$1,047,133
71$1,083,934$870,223$813,691$1,082,072
72$1,145,187$863,556$791,642$1,119,106
73$1,211,135$855,009$767,301$1,158,440
74$1,282,208$844,441$740,543$1,200,298
75$1,358,877$831,703$711,235$1,244,933
76$1,441,662$816,636$679,241$1,292,622
77$1,531,133$799,073$644,417$1,343,673
78$1,627,917$778,835$606,613$1,398,427
79$1,732,701$755,735$565,671$1,457,263
80$1,846,243$729,572$521,428$1,520,600
81$1,969,376$700,138$473,712$1,588,902
82$2,103,016$667,208$422,344$1,662,684
83$2,248,168$630,546$367,138$1,742,516
84$2,405,942$589,903$307,897$1,829,027
85$2,577,555$545,015$244,419$1,922,917
86$2,764,348$495,603$176,489$2,024,959
87$2,967,796$441,372$103,886$2,136,008
88$3,189,522$382,011$26,378$2,257,012
89$3,431,314$317,190$0$2,389,018
90$3,695,137$246,561$0$2,536,192
91$3,983,155$169,757$0$2,698,509
92$4,297,752$86,390$0$2,875,991
93$4,641,549$0$0$3,070,223
94$5,017,434$0$0$3,284,477
95$5,428,587$0$0$3,555,290
96$5,878,508$0$0$3,851,703
97$6,371,051$0$0$4,176,265
98$6,910,461$0$0$4,531,780
99$7,501,411$0$0$4,921,338
100$8,149,051$0$0$5,348,342