Can I retire at age 68 with 842,000?

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 $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%11.7%
1 years$69,532$68,912$68,308$67,718$67,142$66,663
2 years$34,422$33,781$33,159$32,557$31,973$31,489
3 years$22,720$22,076$21,456$20,859$20,285$19,813
4 years$16,870$16,228$15,615$15,028$14,467$14,010
5 years$13,361$12,723$12,118$11,543$10,998$10,556
6 years$11,023$10,389$9,793$9,231$8,702$8,277
7 years$9,353$8,725$8,138$7,589$7,077$6,669
8 years$8,101$7,479$6,902$6,367$5,871$5,480
9 years$7,128$6,512$5,944$5,423$4,944$4,569
10 years$6,350$5,740$5,182$4,675$4,213$3,854
11 years$5,714$5,110$4,562$4,068$3,623$3,281
12 years$5,184$4,586$4,049$3,568$3,140$2,813
13 years$4,736$4,145$3,618$3,150$2,738$2,427
14 years$4,353$3,767$3,250$2,797$2,400$2,104
15 years$4,021$3,442$2,935$2,494$2,113$1,832
16 years$3,730$3,158$2,661$2,233$1,868$1,601
17 years$3,474$2,908$2,421$2,006$1,656$1,403
18 years$3,247$2,687$2,210$1,808$1,472$1,233
19 years$3,044$2,490$2,023$1,634$1,312$1,086
20 years$2,862$2,314$1,857$1,480$1,172$958
21 years$2,697$2,156$1,708$1,343$1,049$847
22 years$2,547$2,012$1,574$1,221$940$749
23 years$2,411$1,882$1,453$1,112$844$664
24 years$2,286$1,763$1,344$1,014$759$589
25 years$2,171$1,655$1,245$926$683$524
26 years$2,065$1,555$1,155$847$615$465
27 years$1,967$1,464$1,072$775$554$414
28 years$1,877$1,379$997$710$500$369
29 years$1,792$1,301$928$651$452$328
30 years$1,714$1,229$864$598$408$293
31 years$1,641$1,162$806$549$369$261
32 years$1,572$1,099$752$505$334$233
33 years$1,508$1,041$702$464$302$208
34 years$1,448$986$656$427$274$186
35 years$1,391$936$613$393$248$166
36 years$1,337$888$573$362$224$148
37 years$1,287$843$537$333$203$132
38 years$1,239$802$503$307$184$118
39 years$1,194$762$471$283$167$106
40 years$1,151$725$441$261$152$94
41 years$1,111$690$414$241$138$84
42 years$1,072$657$388$223$125$76
43 years$1,035$626$364$205$113$68
44 years$1,000$597$342$190$103$60
45 years$967$569$321$175$93$54
46 years$935$543$302$162$85$48
47 years$905$518$283$150$77$43
48 years$876$495$266$138$70$39
49 years$849$473$250$128$64$35
50 years$822$451$235$118$58$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $842,000, adding $5,987 every year, while hoping to spend $50,065 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: 56/20/24 Blend
67$842,000$842,000$842,000$842,000
68$934,060$889,434$876,383$979,945
69$976,065$879,747$852,473$1,002,360
70$1,020,677$867,908$826,084$1,020,988
71$1,068,108$853,758$797,080$1,040,226
72$1,118,592$837,129$765,319$1,060,148
73$1,172,384$817,844$730,653$1,080,837
74$1,229,763$795,714$692,926$1,102,389
75$1,291,036$770,541$651,975$1,124,909
76$1,356,537$742,113$607,632$1,148,519
77$1,426,634$710,207$559,718$1,173,356
78$1,501,731$674,587$508,049$1,199,571
79$1,582,269$635,003$452,430$1,227,339
80$1,668,734$591,192$392,660$1,256,853
81$1,761,659$542,874$328,528$1,288,331
82$1,861,627$489,754$259,812$1,322,017
83$1,969,281$431,520$186,284$1,358,185
84$2,085,325$367,842$107,702$1,397,142
85$2,210,534$298,371$23,816$1,439,229
86$2,345,757$222,741$0$1,484,829
87$2,491,931$140,562$0$1,551,198
88$2,650,082$51,424$0$1,629,587
89$2,821,340$0$0$1,714,498
90$3,006,946$0$0$1,816,527
91$3,208,266$0$0$1,939,533
92$3,426,800$0$0$2,073,124
93$3,664,200$0$0$2,218,318
94$3,922,283$0$0$2,376,233
95$4,203,047$0$0$2,548,103
96$4,508,691$0$0$2,735,283
97$4,841,634$0$0$2,939,265
98$5,204,538$0$0$3,161,689
99$5,600,334$0$0$3,404,363
100$6,032,246$0$0$3,669,276