Can I retire at age 68 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$69,284$68,667$68,065$67,477$66,903$65,687
2 years$34,299$33,660$33,041$32,441$31,859$30,637
3 years$22,639$21,997$21,380$20,785$20,212$19,025
4 years$16,810$16,170$15,559$14,975$14,416$13,270
5 years$13,313$12,678$12,074$11,502$10,959$9,859
6 years$10,983$10,352$9,758$9,198$8,671$7,618
7 years$9,320$8,694$8,109$7,562$7,052$6,046
8 years$8,072$7,452$6,877$6,344$5,850$4,892
9 years$7,103$6,489$5,923$5,404$4,927$4,015
10 years$6,327$5,719$5,164$4,658$4,198$3,331
11 years$5,694$5,092$4,546$4,054$3,610$2,788
12 years$5,166$4,570$4,035$3,556$3,129$2,350
13 years$4,720$4,130$3,605$3,139$2,728$1,992
14 years$4,337$3,754$3,239$2,787$2,392$1,696
15 years$4,006$3,429$2,924$2,485$2,106$1,450
16 years$3,717$3,146$2,651$2,225$1,861$1,244
17 years$3,462$2,898$2,413$1,999$1,650$1,069
18 years$3,236$2,678$2,202$1,802$1,467$922
19 years$3,033$2,482$2,016$1,628$1,308$796
20 years$2,851$2,306$1,850$1,475$1,168$688
21 years$2,687$2,148$1,702$1,338$1,045$596
22 years$2,538$2,005$1,569$1,217$937$517
23 years$2,402$1,875$1,448$1,108$841$449
24 years$2,277$1,757$1,339$1,011$756$390
25 years$2,163$1,649$1,241$923$680$339
26 years$2,058$1,550$1,151$844$613$295
27 years$1,960$1,458$1,068$772$552$257
28 years$1,870$1,374$993$708$498$224
29 years$1,786$1,296$924$649$450$195
30 years$1,708$1,224$861$596$407$170
31 years$1,635$1,157$803$547$368$148
32 years$1,567$1,095$749$503$333$129
33 years$1,503$1,037$699$462$301$113
34 years$1,442$983$653$425$273$99
35 years$1,386$932$611$392$247$86
36 years$1,333$885$571$361$224$75
37 years$1,282$840$535$332$203$66
38 years$1,235$799$501$306$184$57
39 years$1,190$760$469$282$167$50
40 years$1,147$723$440$260$151$44
41 years$1,107$688$412$240$137$38
42 years$1,068$655$387$222$124$33
43 years$1,032$624$363$205$113$29
44 years$997$595$341$189$103$25
45 years$964$567$320$175$93$22
46 years$932$541$300$161$84$19
47 years$902$517$282$149$77$17
48 years$873$493$265$138$70$15
49 years$846$471$249$127$63$13
50 years$819$450$234$118$57$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $839,000, adding $6,654 every year, while hoping to spend $29,812 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: 61/26/13 Blend
67$839,000$839,000$839,000$839,000
68$931,442$886,975$873,970$984,925
69$994,729$898,717$871,528$1,033,403
70$1,063,472$910,035$868,006$1,082,306
71$1,138,197$920,877$863,334$1,134,949
72$1,219,480$931,187$857,443$1,191,694
73$1,307,958$940,906$850,258$1,252,943
74$1,404,329$949,970$841,702$1,319,138
75$1,509,364$958,312$831,691$1,390,767
76$1,623,908$965,858$820,142$1,468,368
77$1,748,895$972,533$806,965$1,552,535
78$1,885,349$978,254$792,066$1,643,923
79$2,034,401$982,935$775,346$1,743,253
80$2,197,294$986,483$756,704$1,851,324
81$2,375,397$988,799$736,033$1,969,014
82$2,570,216$989,779$713,219$2,097,293
83$2,783,412$989,312$688,145$2,237,230
84$3,016,811$987,279$660,689$2,390,004
85$3,272,426$983,556$630,722$2,556,918
86$3,552,472$978,009$598,110$2,739,407
87$3,859,390$970,498$562,713$2,939,053
88$4,195,868$960,872$524,384$3,157,603
89$4,564,865$948,974$482,969$3,396,984
90$4,969,642$934,634$438,309$3,659,320
91$5,413,790$917,676$390,237$3,946,953
92$5,901,264$897,909$338,578$4,262,468
93$6,436,422$875,135$283,148$4,608,714
94$7,024,062$849,142$223,759$4,988,836
95$7,669,472$819,706$160,211$5,406,299
96$8,378,476$786,589$92,295$5,864,926
97$9,157,490$749,541$19,797$6,368,933
98$10,013,582$708,297$0$6,922,968
99$10,954,539$662,576$0$7,540,145
100$11,988,941$612,081$0$8,221,579