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%11.6%
1 years$69,532$68,912$68,308$67,718$67,142$66,691
2 years$34,422$33,781$33,159$32,557$31,973$31,518
3 years$22,720$22,076$21,456$20,859$20,285$19,840
4 years$16,870$16,228$15,615$15,028$14,467$14,036
5 years$13,361$12,723$12,118$11,543$10,998$10,582
6 years$11,023$10,389$9,793$9,231$8,702$8,301
7 years$9,353$8,725$8,138$7,589$7,077$6,692
8 years$8,101$7,479$6,902$6,367$5,871$5,502
9 years$7,128$6,512$5,944$5,423$4,944$4,591
10 years$6,350$5,740$5,182$4,675$4,213$3,874
11 years$5,714$5,110$4,562$4,068$3,623$3,300
12 years$5,184$4,586$4,049$3,568$3,140$2,831
13 years$4,736$4,145$3,618$3,150$2,738$2,444
14 years$4,353$3,767$3,250$2,797$2,400$2,120
15 years$4,021$3,442$2,935$2,494$2,113$1,847
16 years$3,730$3,158$2,661$2,233$1,868$1,615
17 years$3,474$2,908$2,421$2,006$1,656$1,417
18 years$3,247$2,687$2,210$1,808$1,472$1,246
19 years$3,044$2,490$2,023$1,634$1,312$1,098
20 years$2,862$2,314$1,857$1,480$1,172$969
21 years$2,697$2,156$1,708$1,343$1,049$857
22 years$2,547$2,012$1,574$1,221$940$760
23 years$2,411$1,882$1,453$1,112$844$674
24 years$2,286$1,763$1,344$1,014$759$598
25 years$2,171$1,655$1,245$926$683$532
26 years$2,065$1,555$1,155$847$615$473
27 years$1,967$1,464$1,072$775$554$421
28 years$1,877$1,379$997$710$500$375
29 years$1,792$1,301$928$651$452$335
30 years$1,714$1,229$864$598$408$299
31 years$1,641$1,162$806$549$369$266
32 years$1,572$1,099$752$505$334$238
33 years$1,508$1,041$702$464$302$213
34 years$1,448$986$656$427$274$190
35 years$1,391$936$613$393$248$170
36 years$1,337$888$573$362$224$152
37 years$1,287$843$537$333$203$136
38 years$1,239$802$503$307$184$121
39 years$1,194$762$471$283$167$109
40 years$1,151$725$441$261$152$97
41 years$1,111$690$414$241$138$87
42 years$1,072$657$388$223$125$78
43 years$1,035$626$364$205$113$70
44 years$1,000$597$342$190$103$62
45 years$967$569$321$175$93$56
46 years$935$543$302$162$85$50
47 years$905$518$283$150$77$45
48 years$876$495$266$138$70$40
49 years$849$473$250$128$64$36
50 years$822$451$235$118$58$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $842,000, adding $6,688 every year, while hoping to spend $35,935 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: 64/18/18 Blend
67$842,000$842,000$842,000$842,000
68$934,783$890,157$877,106$989,978
69$991,896$895,540$868,254$1,033,245
70$1,053,630$899,982$857,902$1,075,795
71$1,120,419$903,400$845,960$1,121,423
72$1,192,739$905,704$832,337$1,170,432
73$1,271,114$906,799$816,936$1,223,156
74$1,356,120$906,584$799,655$1,279,963
75$1,448,390$904,952$780,389$1,341,260
76$1,548,620$901,790$759,027$1,407,495
77$1,657,578$896,976$735,453$1,479,166
78$1,776,106$890,383$709,545$1,556,821
79$1,905,131$881,874$681,178$1,641,064
80$2,045,675$871,306$650,218$1,732,563
81$2,198,860$858,527$616,526$1,832,057
82$2,365,923$843,373$579,959$1,940,359
83$2,548,224$825,675$540,364$2,058,369
84$2,747,260$805,250$497,583$2,187,079
85$2,964,680$781,907$451,452$2,327,585
86$3,202,298$755,442$401,797$2,481,096
87$3,462,113$725,639$348,437$2,648,948
88$3,746,324$692,271$291,186$2,832,615
89$4,057,354$655,097$229,845$3,033,721
90$4,397,870$613,862$164,210$3,254,063
91$4,770,807$568,296$94,067$3,495,621
92$5,179,402$518,115$19,190$3,760,582
93$5,627,216$463,017$0$4,051,356
94$6,118,171$402,684$0$4,382,267
95$6,656,588$336,780$0$4,749,281
96$7,247,227$264,949$0$5,151,997
97$7,895,328$186,815$0$5,594,042
98$8,606,665$101,983$0$6,079,412
99$9,387,598$10,034$0$6,612,513
100$10,245,133$0$0$7,198,203