Can I retire at age 68 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$70,275$69,649$69,038$68,442$67,860$67,123
2 years$34,789$34,142$33,514$32,905$32,314$31,573
3 years$22,963$22,312$21,686$21,082$20,501$19,778
4 years$17,050$16,402$15,782$15,189$14,622$13,922
5 years$13,504$12,859$12,247$11,666$11,115$10,441
6 years$11,140$10,500$9,897$9,330$8,795$8,147
7 years$9,453$8,818$8,225$7,670$7,153$6,531
8 years$8,188$7,559$6,975$6,435$5,934$5,339
9 years$7,204$6,581$6,008$5,481$4,997$4,429
10 years$6,418$5,801$5,238$4,725$4,258$3,715
11 years$5,775$5,164$4,611$4,112$3,662$3,145
12 years$5,240$4,635$4,092$3,607$3,173$2,682
13 years$4,787$4,189$3,656$3,184$2,767$2,300
14 years$4,399$3,808$3,285$2,826$2,426$1,982
15 years$4,064$3,478$2,966$2,521$2,136$1,715
16 years$3,770$3,191$2,689$2,257$1,888$1,490
17 years$3,512$2,939$2,447$2,028$1,674$1,297
18 years$3,282$2,716$2,234$1,828$1,488$1,133
19 years$3,077$2,517$2,045$1,651$1,326$991
20 years$2,892$2,339$1,877$1,496$1,185$869
21 years$2,726$2,179$1,726$1,357$1,060$763
22 years$2,574$2,034$1,591$1,234$950$671
23 years$2,436$1,902$1,469$1,124$853$590
24 years$2,310$1,782$1,359$1,025$767$520
25 years$2,194$1,672$1,258$936$690$459
26 years$2,087$1,572$1,167$856$622$405
27 years$1,988$1,479$1,084$784$560$358
28 years$1,897$1,394$1,007$718$506$316
29 years$1,812$1,315$938$658$457$280
30 years$1,732$1,242$873$604$413$248
31 years$1,658$1,174$814$555$373$219
32 years$1,589$1,111$760$510$337$194
33 years$1,524$1,052$709$469$305$172
34 years$1,463$997$663$431$276$152
35 years$1,406$946$620$397$250$135
36 years$1,352$898$580$366$227$120
37 years$1,301$852$542$337$206$106
38 years$1,252$810$508$311$186$94
39 years$1,207$770$476$286$169$83
40 years$1,163$733$446$264$153$74
41 years$1,122$698$418$244$139$66
42 years$1,083$664$392$225$126$58
43 years$1,046$633$368$208$115$52
44 years$1,011$603$346$192$104$46
45 years$977$575$325$177$94$41
46 years$945$549$305$164$86$36
47 years$915$524$286$151$78$32
48 years$886$500$269$140$71$29
49 years$858$478$253$129$64$25
50 years$831$456$238$119$58$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $851,000, adding $4,593 every year, while hoping to spend $46,972 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: 67/25/8 Blend
67$851,000$851,000$851,000$851,000
68$942,540$897,437$884,246$1,003,982
69$988,701$891,433$863,891$1,039,364
70$1,037,996$883,561$841,279$1,071,958
71$1,090,696$873,680$816,286$1,106,345
72$1,147,096$861,639$788,780$1,142,695
73$1,207,521$847,280$758,625$1,181,194
74$1,272,327$830,436$725,678$1,222,050
75$1,341,904$810,928$689,789$1,265,492
76$1,416,683$788,568$650,801$1,311,774
77$1,497,133$763,156$608,551$1,361,179
78$1,583,771$734,481$562,868$1,414,018
79$1,677,165$702,320$513,573$1,470,638
80$1,777,938$666,436$460,481$1,531,422
81$1,886,776$626,580$403,395$1,596,794
82$2,004,431$582,486$342,113$1,667,223
83$2,131,731$533,876$276,422$1,743,231
84$2,269,586$480,454$206,100$1,825,392
85$2,418,995$421,907$130,915$1,914,345
86$2,581,057$357,906$50,626$2,010,795
87$2,756,983$288,101$0$2,115,523
88$2,948,102$212,124$0$2,232,384
89$3,155,877$129,587$0$2,364,149
90$3,381,918$40,078$0$2,507,572
91$3,627,995$0$0$2,663,847
92$3,896,058$0$0$2,849,928
93$4,188,250$0$0$3,064,824
94$4,506,932$0$0$3,299,253
95$4,854,701$0$0$3,555,130
96$5,234,416$0$0$3,834,566
97$5,649,225$0$0$4,139,885
98$6,102,593$0$0$4,473,643
99$6,598,335$0$0$4,838,657
100$7,140,651$0$0$5,238,025