Can I retire at age 68 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$69,944$69,321$68,714$68,120$67,541$65,828
2 years$34,626$33,981$33,356$32,750$32,162$30,448
3 years$22,855$22,207$21,584$20,983$20,405$18,742
4 years$16,970$16,325$15,707$15,117$14,553$12,955
5 years$13,440$12,799$12,190$11,612$11,063$9,534
6 years$11,088$10,451$9,851$9,286$8,754$7,296
7 years$9,408$8,777$8,186$7,634$7,119$5,732
8 years$8,149$7,523$6,943$6,404$5,906$4,589
9 years$7,170$6,550$5,980$5,455$4,974$3,726
10 years$6,388$5,774$5,213$4,702$4,238$3,057
11 years$5,748$5,140$4,590$4,092$3,645$2,530
12 years$5,215$4,613$4,073$3,590$3,158$2,108
13 years$4,765$4,169$3,639$3,169$2,754$1,765
14 years$4,379$3,790$3,270$2,813$2,414$1,485
15 years$4,045$3,462$2,952$2,509$2,126$1,253
16 years$3,753$3,176$2,677$2,246$1,879$1,061
17 years$3,495$2,925$2,436$2,018$1,666$901
18 years$3,267$2,703$2,223$1,819$1,481$766
19 years$3,062$2,505$2,035$1,644$1,320$653
20 years$2,879$2,328$1,868$1,489$1,179$557
21 years$2,713$2,168$1,718$1,351$1,055$476
22 years$2,562$2,024$1,584$1,228$946$407
23 years$2,425$1,893$1,462$1,119$849$348
24 years$2,299$1,774$1,352$1,020$763$299
25 years$2,184$1,665$1,252$932$687$256
26 years$2,077$1,564$1,162$852$619$219
27 years$1,979$1,472$1,079$780$558$188
28 years$1,888$1,387$1,003$715$503$162
29 years$1,803$1,309$933$655$454$139
30 years$1,724$1,236$869$601$411$119
31 years$1,650$1,168$810$552$371$102
32 years$1,581$1,106$756$508$336$88
33 years$1,517$1,047$706$467$304$76
34 years$1,456$992$660$429$275$65
35 years$1,399$941$617$395$249$56
36 years$1,345$893$577$364$226$48
37 years$1,294$848$540$335$205$41
38 years$1,246$806$506$309$186$36
39 years$1,201$767$474$285$168$31
40 years$1,158$730$444$263$153$26
41 years$1,117$694$416$243$138$23
42 years$1,078$661$391$224$126$20
43 years$1,041$630$366$207$114$17
44 years$1,006$601$344$191$103$14
45 years$973$573$323$176$94$12
46 years$941$546$303$163$85$11
47 years$911$521$285$150$77$9
48 years$881$498$268$139$70$8
49 years$854$475$252$128$64$7
50 years$827$454$237$119$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $847,000, adding $2,217 every year, while hoping to spend $33,435 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: 47/41/12 Blend
67$847,000$847,000$847,000$847,000
68$935,681$890,790$877,661$976,429
69$995,546$898,864$871,488$1,012,870
70$1,060,396$906,213$863,988$1,048,770
71$1,130,706$912,766$855,081$1,086,984
72$1,206,994$918,449$844,682$1,127,737
73$1,289,834$923,179$832,706$1,171,281
74$1,379,855$926,873$819,060$1,217,894
75$1,477,750$929,440$803,648$1,267,884
76$1,584,281$930,782$786,370$1,321,593
77$1,700,285$930,798$767,121$1,379,396
78$1,826,685$929,378$745,791$1,441,711
79$1,964,497$926,408$722,264$1,509,001
80$2,114,837$921,763$696,422$1,581,776
81$2,278,936$915,315$668,138$1,660,602
82$2,458,148$906,926$637,280$1,746,104
83$2,653,961$896,448$603,712$1,838,975
84$2,868,018$883,727$567,289$1,939,980
85$3,102,125$868,598$527,862$2,049,965
86$3,358,269$850,887$485,273$2,169,866
87$3,638,642$830,409$439,359$2,300,718
88$3,945,654$806,970$389,948$2,443,664
89$4,281,962$780,363$336,862$2,599,969
90$4,650,489$750,368$279,914$2,771,031
91$5,054,457$716,753$218,909$2,958,394
92$5,497,412$679,275$153,644$3,163,765
93$5,983,262$637,673$83,905$3,389,029
94$6,516,310$591,674$9,470$3,636,271
95$7,101,295$540,988$0$3,907,791
96$7,743,439$485,309$0$4,215,092
97$8,448,493$424,312$0$4,553,899
98$9,222,792$357,655$0$4,926,132
99$10,073,314$284,978$0$5,335,251
100$11,007,749$205,899$0$5,785,073