Can I retire at age 68 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$69,366$68,749$68,146$67,557$66,983$65,550
2 years$34,340$33,700$33,080$32,479$31,897$30,460
3 years$22,666$22,023$21,405$20,810$20,236$18,841
4 years$16,830$16,190$15,578$14,992$14,433$13,089
5 years$13,329$12,693$12,089$11,516$10,972$9,684
6 years$10,996$10,365$9,770$9,209$8,681$7,451
7 years$9,331$8,704$8,119$7,571$7,060$5,887
8 years$8,082$7,461$6,885$6,351$5,857$4,740
9 years$7,111$6,496$5,930$5,410$4,933$3,872
10 years$6,335$5,726$5,170$4,663$4,203$3,197
11 years$5,700$5,098$4,552$4,059$3,615$2,663
12 years$5,172$4,575$4,039$3,560$3,132$2,232
13 years$4,725$4,135$3,609$3,143$2,731$1,882
14 years$4,342$3,758$3,243$2,790$2,394$1,594
15 years$4,011$3,433$2,928$2,488$2,108$1,355
16 years$3,722$3,150$2,654$2,228$1,863$1,156
17 years$3,466$2,901$2,415$2,002$1,652$988
18 years$3,240$2,681$2,205$1,804$1,469$847
19 years$3,037$2,484$2,019$1,630$1,309$727
20 years$2,855$2,309$1,853$1,476$1,169$625
21 years$2,690$2,150$1,704$1,340$1,047$538
22 years$2,541$2,007$1,570$1,218$938$464
23 years$2,405$1,877$1,450$1,109$842$400
24 years$2,280$1,759$1,341$1,012$757$345
25 years$2,166$1,651$1,242$924$681$298
26 years$2,060$1,551$1,152$845$613$258
27 years$1,963$1,460$1,070$773$553$223
28 years$1,872$1,376$994$709$499$193
29 years$1,788$1,298$925$650$451$167
30 years$1,710$1,226$862$596$407$145
31 years$1,637$1,159$804$548$368$126
32 years$1,568$1,096$750$503$333$109
33 years$1,504$1,038$700$463$301$94
34 years$1,444$984$654$426$273$82
35 years$1,387$933$612$392$247$71
36 years$1,334$886$572$361$224$61
37 years$1,284$841$535$333$203$53
38 years$1,236$800$501$307$184$46
39 years$1,191$760$470$283$167$40
40 years$1,148$723$440$261$151$35
41 years$1,108$689$413$241$137$30
42 years$1,069$656$387$222$125$26
43 years$1,033$625$363$205$113$23
44 years$998$596$341$189$103$20
45 years$965$568$320$175$93$17
46 years$933$542$301$161$85$15
47 years$903$517$283$149$77$13
48 years$874$494$266$138$70$11
49 years$847$471$250$127$63$10
50 years$820$450$235$118$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $840,000, adding $3,875 every year, while hoping to spend $31,228 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: 67/22/11 Blend
67$840,000$840,000$840,000$840,000
68$929,677$885,157$872,137$989,512
69$991,278$895,303$868,127$1,039,963
70$1,058,115$904,900$862,937$1,091,023
71$1,130,690$913,888$856,492$1,146,039
72$1,209,555$922,202$848,719$1,205,394
73$1,295,314$929,775$839,536$1,269,513
74$1,388,637$936,534$828,861$1,338,861
75$1,490,256$942,403$816,606$1,413,953
76$1,600,979$947,298$802,679$1,495,355
77$1,721,696$951,132$786,986$1,583,694
78$1,853,384$953,813$769,426$1,679,658
79$1,997,122$955,242$749,893$1,784,009
80$2,154,093$955,314$728,280$1,897,585
81$2,325,603$953,917$704,470$2,021,310
82$2,513,088$950,933$678,343$2,156,205
83$2,718,131$946,236$649,776$2,303,394
84$2,942,473$939,694$618,635$2,464,118
85$3,188,030$931,165$584,785$2,639,745
86$3,456,916$920,498$548,081$2,831,782
87$3,751,454$907,535$508,375$3,041,893
88$4,074,206$892,109$465,510$3,271,912
89$4,427,993$874,039$419,322$3,523,861
90$4,815,919$853,138$369,640$3,799,972
91$5,241,406$829,206$316,286$4,102,704
92$5,708,223$802,030$259,075$4,434,769
93$6,220,519$771,386$197,811$4,799,158
94$6,782,865$737,038$132,292$5,199,168
95$7,400,299$698,734$62,304$5,638,436
96$8,078,366$656,209$0$6,120,971
97$8,823,178$609,182$0$6,652,647
98$9,641,467$557,357$0$7,244,786
99$10,540,649$500,419$0$7,895,468
100$11,528,893$438,038$0$8,610,650