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%14.6%
1 years$70,275$69,649$69,038$68,442$67,860$66,572
2 years$34,789$34,142$33,514$32,905$32,314$31,021
3 years$22,963$22,312$21,686$21,082$20,501$19,244
4 years$17,050$16,402$15,782$15,189$14,622$13,410
5 years$13,504$12,859$12,247$11,666$11,115$9,952
6 years$11,140$10,500$9,897$9,330$8,795$7,682
7 years$9,453$8,818$8,225$7,670$7,153$6,090
8 years$8,188$7,559$6,975$6,435$5,934$4,921
9 years$7,204$6,581$6,008$5,481$4,997$4,034
10 years$6,418$5,801$5,238$4,725$4,258$3,343
11 years$5,775$5,164$4,611$4,112$3,662$2,795
12 years$5,240$4,635$4,092$3,607$3,173$2,353
13 years$4,787$4,189$3,656$3,184$2,767$1,992
14 years$4,399$3,808$3,285$2,826$2,426$1,694
15 years$4,064$3,478$2,966$2,521$2,136$1,446
16 years$3,770$3,191$2,689$2,257$1,888$1,238
17 years$3,512$2,939$2,447$2,028$1,674$1,063
18 years$3,282$2,716$2,234$1,828$1,488$915
19 years$3,077$2,517$2,045$1,651$1,326$789
20 years$2,892$2,339$1,877$1,496$1,185$681
21 years$2,726$2,179$1,726$1,357$1,060$589
22 years$2,574$2,034$1,591$1,234$950$510
23 years$2,436$1,902$1,469$1,124$853$442
24 years$2,310$1,782$1,359$1,025$767$384
25 years$2,194$1,672$1,258$936$690$333
26 years$2,087$1,572$1,167$856$622$289
27 years$1,988$1,479$1,084$784$560$252
28 years$1,897$1,394$1,007$718$506$219
29 years$1,812$1,315$938$658$457$190
30 years$1,732$1,242$873$604$413$166
31 years$1,658$1,174$814$555$373$144
32 years$1,589$1,111$760$510$337$126
33 years$1,524$1,052$709$469$305$110
34 years$1,463$997$663$431$276$95
35 years$1,406$946$620$397$250$83
36 years$1,352$898$580$366$227$72
37 years$1,301$852$542$337$206$63
38 years$1,252$810$508$311$186$55
39 years$1,207$770$476$286$169$48
40 years$1,163$733$446$264$153$42
41 years$1,122$698$418$244$139$37
42 years$1,083$664$392$225$126$32
43 years$1,046$633$368$208$115$28
44 years$1,011$603$346$192$104$24
45 years$977$575$325$177$94$21
46 years$945$549$305$164$86$18
47 years$915$524$286$151$78$16
48 years$886$500$269$140$71$14
49 years$858$478$253$129$64$12
50 years$831$456$238$119$58$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $851,000, adding $3,607 every year, while hoping to spend $41,237 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: 78/14/8 Blend
67$851,000$851,000$851,000$851,000
68$941,523$896,420$883,229$1,013,637
69$993,682$896,468$868,941$1,061,538
70$1,049,780$895,137$852,793$1,108,350
71$1,110,174$892,316$834,678$1,158,477
72$1,175,257$887,885$814,486$1,212,231
73$1,245,463$881,720$792,100$1,269,956
74$1,321,264$873,689$767,400$1,332,030
75$1,403,184$863,650$740,258$1,398,870
76$1,491,794$851,455$710,543$1,470,936
77$1,587,726$836,945$678,114$1,548,736
78$1,691,671$819,952$642,828$1,632,828
79$1,804,392$800,300$604,533$1,723,828
80$1,926,725$777,800$563,071$1,822,417
81$2,059,592$752,254$518,275$1,929,342
82$2,204,007$723,451$469,973$2,045,430
83$2,361,084$691,168$417,985$2,171,592
84$2,532,049$655,169$362,122$2,308,831
85$2,718,251$615,206$302,187$2,458,255
86$2,921,176$571,014$237,974$2,621,084
87$3,142,458$522,316$169,268$2,798,665
88$3,383,895$468,816$95,844$2,992,483
89$3,647,467$410,203$17,470$3,204,173
90$3,935,354$346,148$0$3,435,541
91$4,249,954$276,304$0$3,694,226
92$4,593,910$200,302$0$3,978,732
93$4,970,128$117,756$0$4,290,010
94$5,381,811$28,256$0$4,630,751
95$5,832,484$0$0$5,003,922
96$6,326,031$0$0$5,423,367
97$6,866,727$0$0$5,887,679
98$7,459,280$0$0$6,396,551
99$8,108,876$0$0$6,954,441
100$8,821,226$0$0$7,566,257