Can I retire at age 68 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$69,201$68,585$67,983$67,396$66,823$65,314
2 years$34,258$33,620$33,002$32,402$31,821$30,308
3 years$22,612$21,971$21,354$20,760$20,188$18,720
4 years$16,790$16,151$15,540$14,957$14,398$12,985
5 years$13,298$12,663$12,060$11,488$10,945$9,592
6 years$10,970$10,340$9,746$9,187$8,661$7,368
7 years$9,308$8,684$8,099$7,553$7,044$5,811
8 years$8,063$7,443$6,869$6,336$5,843$4,672
9 years$7,094$6,481$5,916$5,397$4,921$3,809
10 years$6,320$5,712$5,158$4,652$4,193$3,139
11 years$5,687$5,086$4,541$4,049$3,606$2,609
12 years$5,160$4,564$4,030$3,551$3,125$2,184
13 years$4,714$4,125$3,600$3,135$2,725$1,837
14 years$4,332$3,749$3,235$2,783$2,389$1,553
15 years$4,002$3,425$2,921$2,482$2,103$1,317
16 years$3,713$3,143$2,648$2,223$1,859$1,121
17 years$3,458$2,894$2,410$1,997$1,648$956
18 years$3,232$2,674$2,200$1,800$1,465$818
19 years$3,030$2,479$2,014$1,626$1,306$700
20 years$2,848$2,303$1,848$1,473$1,167$601
21 years$2,684$2,145$1,700$1,337$1,044$516
22 years$2,535$2,003$1,567$1,215$936$444
23 years$2,399$1,873$1,447$1,107$840$382
24 years$2,275$1,755$1,338$1,009$755$329
25 years$2,160$1,647$1,239$922$679$284
26 years$2,055$1,548$1,149$843$612$245
27 years$1,958$1,457$1,067$772$552$211
28 years$1,868$1,373$992$707$498$182
29 years$1,784$1,295$923$648$450$157
30 years$1,706$1,223$860$595$406$136
31 years$1,633$1,156$802$546$367$118
32 years$1,565$1,094$748$502$332$102
33 years$1,501$1,036$698$462$301$88
34 years$1,441$982$653$425$272$76
35 years$1,384$931$610$391$247$66
36 years$1,331$884$571$360$223$57
37 years$1,281$839$534$332$202$49
38 years$1,233$798$500$306$184$43
39 years$1,188$759$469$282$166$37
40 years$1,146$722$439$260$151$32
41 years$1,105$687$412$240$137$28
42 years$1,067$654$386$222$124$24
43 years$1,030$623$363$204$113$21
44 years$996$594$340$189$102$18
45 years$963$567$320$174$93$15
46 years$931$541$300$161$84$13
47 years$901$516$282$149$77$12
48 years$872$492$265$138$70$10
49 years$845$470$249$127$63$9
50 years$818$449$234$117$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $838,000, adding $5,387 every year, while hoping to spend $21,637 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: 31/45/24 Blend
67$838,000$838,000$838,000$838,000
68$929,033$884,619$871,630$950,817
69$1,000,772$904,943$877,808$988,214
70$1,079,104$925,539$883,467$1,026,145
71$1,164,678$946,395$888,569$1,066,536
72$1,258,209$967,502$893,069$1,109,615
73$1,360,484$988,848$896,925$1,155,636
74$1,472,370$1,010,418$900,089$1,204,876
75$1,594,822$1,032,198$902,512$1,257,643
76$1,728,890$1,054,173$904,142$1,314,274
77$1,875,732$1,076,323$904,926$1,375,144
78$2,036,623$1,098,628$904,808$1,440,665
79$2,212,966$1,121,069$903,726$1,511,291
80$2,406,307$1,143,619$901,619$1,587,524
81$2,618,349$1,166,255$898,422$1,669,917
82$2,850,967$1,188,948$894,065$1,759,080
83$3,106,227$1,211,668$888,478$1,855,688
84$3,386,403$1,234,381$881,583$1,960,483
85$3,694,003$1,257,052$873,303$2,074,284
86$4,031,787$1,279,644$863,554$2,197,998
87$4,402,797$1,302,113$852,251$2,332,621
88$4,810,382$1,324,416$839,301$2,479,254
89$5,258,233$1,346,505$824,610$2,639,113
90$5,750,417$1,368,328$808,078$2,813,537
91$6,291,412$1,389,829$789,602$3,004,005
92$6,886,155$1,410,949$769,072$3,212,147
93$7,540,081$1,431,624$746,374$3,439,762
94$8,259,181$1,451,786$721,390$3,688,835
95$9,050,055$1,471,361$693,994$3,961,556
96$9,919,974$1,490,270$664,056$4,260,338
97$10,876,949$1,508,431$631,439$4,587,846
98$11,929,807$1,525,754$596,002$4,947,017
99$13,088,274$1,542,143$557,595$5,341,093
100$14,363,066$1,557,496$516,063$5,773,647