Can I retire at age 68 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$69,862$69,240$68,632$68,040$67,461$67,092
2 years$34,585$33,941$33,317$32,711$32,124$31,752
3 years$22,828$22,181$21,558$20,959$20,381$20,017
4 years$16,950$16,305$15,689$15,099$14,536$14,183
5 years$13,425$12,784$12,175$11,598$11,050$10,709
6 years$11,075$10,439$9,839$9,275$8,743$8,415
7 years$9,397$8,766$8,177$7,625$7,111$6,795
8 years$8,140$7,514$6,934$6,397$5,899$5,596
9 years$7,162$6,543$5,973$5,449$4,968$4,677
10 years$6,380$5,767$5,207$4,697$4,233$3,955
11 years$5,741$5,134$4,584$4,088$3,640$3,374
12 years$5,209$4,608$4,068$3,585$3,155$2,901
13 years$4,759$4,164$3,635$3,165$2,751$2,509
14 years$4,373$3,785$3,266$2,810$2,411$2,181
15 years$4,040$3,458$2,949$2,506$2,123$1,904
16 years$3,748$3,173$2,673$2,244$1,877$1,668
17 years$3,491$2,922$2,433$2,016$1,664$1,466
18 years$3,263$2,700$2,221$1,817$1,479$1,292
19 years$3,059$2,502$2,033$1,642$1,319$1,141
20 years$2,875$2,325$1,866$1,487$1,178$1,010
21 years$2,710$2,166$1,716$1,349$1,054$895
22 years$2,559$2,022$1,582$1,227$945$795
23 years$2,422$1,891$1,460$1,117$848$706
24 years$2,296$1,772$1,351$1,019$762$629
25 years$2,181$1,663$1,251$931$686$560
26 years$2,075$1,563$1,160$851$618$500
27 years$1,977$1,471$1,077$779$557$446
28 years$1,886$1,386$1,002$714$503$398
29 years$1,801$1,307$932$654$454$356
30 years$1,722$1,235$868$601$410$318
31 years$1,648$1,167$809$552$371$285
32 years$1,580$1,104$755$507$335$255
33 years$1,515$1,046$705$466$304$228
34 years$1,454$991$659$429$275$204
35 years$1,397$940$616$395$249$183
36 years$1,344$892$576$364$226$164
37 years$1,293$847$539$335$204$147
38 years$1,245$805$505$309$185$132
39 years$1,200$766$473$285$168$118
40 years$1,157$729$443$263$152$106
41 years$1,116$694$416$242$138$95
42 years$1,077$661$390$224$125$85
43 years$1,040$629$366$206$114$77
44 years$1,005$600$344$191$103$69
45 years$972$572$323$176$94$62
46 years$940$546$303$163$85$55
47 years$909$521$285$150$77$50
48 years$880$497$268$139$70$45
49 years$853$475$251$128$64$40
50 years$826$454$236$119$58$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $846,000, adding $6,319 every year, while hoping to spend $41,038 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: 37/42/21 Blend
67$846,000$846,000$846,000$846,000
68$938,810$893,972$880,859$967,408
69$990,905$894,113$866,704$988,918
70$1,046,937$892,885$850,699$1,007,840
71$1,107,267$890,178$832,739$1,027,441
72$1,172,286$885,875$812,714$1,047,806
73$1,242,428$879,851$790,509$1,069,031
74$1,318,167$871,976$766,002$1,091,226
75$1,400,026$862,108$739,069$1,114,515
76$1,488,577$850,100$709,577$1,139,038
77$1,584,452$835,795$677,387$1,164,953
78$1,688,343$819,026$642,357$1,192,438
79$1,801,013$799,617$604,335$1,221,694
80$1,923,300$777,382$563,163$1,252,945
81$2,056,125$752,122$518,678$1,286,446
82$2,200,503$723,629$470,707$1,322,480
83$2,357,549$691,682$419,070$1,361,367
84$2,528,491$656,046$363,580$1,403,461
85$2,714,678$616,473$304,042$1,449,164
86$2,917,598$572,702$240,249$1,498,920
87$3,138,885$524,457$171,990$1,553,229
88$3,380,339$471,443$99,039$1,612,647
89$3,643,942$413,353$21,166$1,677,796
90$3,931,876$349,858$0$1,749,368
91$4,246,540$280,614$0$1,842,014
92$4,590,579$205,257$0$1,948,679
93$4,966,903$123,399$0$2,065,631
94$5,378,717$34,635$0$2,193,997
95$5,829,549$0$0$2,335,027
96$6,323,286$0$0$2,518,511
97$6,864,206$0$0$2,737,184
98$7,457,022$0$0$2,976,957
99$8,106,925$0$0$3,239,946
100$8,819,630$0$0$3,528,479