Can I retire at age 68 with 842,000?

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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$69,532$68,912$68,308$67,718$67,142$64,555
2 years$34,422$33,781$33,159$32,557$31,973$29,397
3 years$22,720$22,076$21,456$20,859$20,285$17,801
4 years$16,870$16,228$15,615$15,028$14,467$12,095
5 years$13,361$12,723$12,118$11,543$10,998$8,743
6 years$11,023$10,389$9,793$9,231$8,702$6,567
7 years$9,353$8,725$8,138$7,589$7,077$5,060
8 years$8,101$7,479$6,902$6,367$5,871$3,971
9 years$7,128$6,512$5,944$5,423$4,944$3,158
10 years$6,350$5,740$5,182$4,675$4,213$2,536
11 years$5,714$5,110$4,562$4,068$3,623$2,053
12 years$5,184$4,586$4,049$3,568$3,140$1,672
13 years$4,736$4,145$3,618$3,150$2,738$1,369
14 years$4,353$3,767$3,250$2,797$2,400$1,124
15 years$4,021$3,442$2,935$2,494$2,113$927
16 years$3,730$3,158$2,661$2,233$1,868$766
17 years$3,474$2,908$2,421$2,006$1,656$634
18 years$3,247$2,687$2,210$1,808$1,472$526
19 years$3,044$2,490$2,023$1,634$1,312$437
20 years$2,862$2,314$1,857$1,480$1,172$363
21 years$2,697$2,156$1,708$1,343$1,049$302
22 years$2,547$2,012$1,574$1,221$940$252
23 years$2,411$1,882$1,453$1,112$844$210
24 years$2,286$1,763$1,344$1,014$759$175
25 years$2,171$1,655$1,245$926$683$146
26 years$2,065$1,555$1,155$847$615$122
27 years$1,967$1,464$1,072$775$554$102
28 years$1,877$1,379$997$710$500$85
29 years$1,792$1,301$928$651$452$71
30 years$1,714$1,229$864$598$408$59
31 years$1,641$1,162$806$549$369$49
32 years$1,572$1,099$752$505$334$41
33 years$1,508$1,041$702$464$302$35
34 years$1,448$986$656$427$274$29
35 years$1,391$936$613$393$248$24
36 years$1,337$888$573$362$224$20
37 years$1,287$843$537$333$203$17
38 years$1,239$802$503$307$184$14
39 years$1,194$762$471$283$167$12
40 years$1,151$725$441$261$152$10
41 years$1,111$690$414$241$138$8
42 years$1,072$657$388$223$125$7
43 years$1,035$626$364$205$113$6
44 years$1,000$597$342$190$103$5
45 years$967$569$321$175$93$4
46 years$935$543$302$162$85$3
47 years$905$518$283$150$77$3
48 years$876$495$266$138$70$2
49 years$849$473$250$128$64$2
50 years$822$451$235$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $842,000, adding $6,467 every year, while hoping to spend $37,275 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: 67/18/15 Blend
67$842,000$842,000$842,000$842,000
68$934,555$889,929$876,878$993,445
69$990,219$893,875$866,593$1,037,503
70$1,050,312$896,765$854,714$1,080,679
71$1,115,245$898,508$841,149$1,126,954
72$1,185,473$899,008$825,800$1,176,629
73$1,261,492$898,161$808,565$1,230,039
74$1,343,852$895,857$789,339$1,287,549
75$1,433,153$891,983$768,010$1,349,565
76$1,530,058$886,413$744,462$1,416,535
77$1,635,295$879,019$718,573$1,488,954
78$1,749,665$869,661$690,215$1,567,366
79$1,874,049$858,193$659,256$1,652,375
80$2,009,417$844,459$625,556$1,744,645
81$2,156,836$828,295$588,970$1,844,911
82$2,317,478$809,527$549,345$1,953,982
83$2,492,636$787,969$506,524$2,072,753
84$2,683,732$763,427$460,339$2,202,211
85$2,892,330$735,692$410,618$2,343,446
86$3,120,153$704,547$357,180$2,497,661
87$3,369,098$669,758$299,834$2,666,182
88$3,641,252$631,082$238,384$2,850,474
89$3,938,913$588,259$172,624$3,052,154
90$4,264,613$541,014$102,337$3,273,005
91$4,621,138$489,058$27,300$3,514,996
92$5,011,557$432,085$0$3,780,297
93$5,439,249$369,770$0$4,079,754
94$5,907,935$301,772$0$4,412,773
95$6,421,715$227,730$0$4,777,939
96$6,985,103$147,261$0$5,178,513
97$7,603,070$59,963$0$5,618,088
98$8,281,092$0$0$6,100,629
99$9,025,202$0$0$6,637,354
100$9,842,043$0$0$7,239,632