Can I retire at age 68 with 852,000?

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 $852,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$70,357$69,731$69,119$68,522$67,940$66,869
2 years$34,830$34,182$33,553$32,943$32,352$31,277
3 years$22,990$22,338$21,711$21,107$20,526$19,478
4 years$17,070$16,421$15,800$15,207$14,639$13,628
5 years$13,520$12,874$12,262$11,680$11,128$10,156
6 years$11,153$10,513$9,909$9,341$8,805$7,874
7 years$9,464$8,829$8,235$7,679$7,161$6,270
8 years$8,197$7,568$6,984$6,442$5,941$5,090
9 years$7,213$6,589$6,015$5,487$5,003$4,193
10 years$6,425$5,808$5,244$4,730$4,263$3,492
11 years$5,782$5,170$4,617$4,117$3,666$2,934
12 years$5,246$4,641$4,097$3,611$3,177$2,482
13 years$4,793$4,194$3,661$3,188$2,770$2,112
14 years$4,405$3,812$3,289$2,830$2,429$1,806
15 years$4,068$3,482$2,970$2,524$2,138$1,550
16 years$3,775$3,195$2,692$2,260$1,890$1,335
17 years$3,516$2,943$2,450$2,030$1,676$1,153
18 years$3,286$2,719$2,236$1,830$1,490$998
19 years$3,080$2,520$2,047$1,653$1,328$866
20 years$2,896$2,342$1,879$1,497$1,186$752
21 years$2,729$2,181$1,728$1,359$1,062$654
22 years$2,577$2,036$1,593$1,236$951$570
23 years$2,439$1,904$1,471$1,125$854$497
24 years$2,313$1,784$1,360$1,026$768$434
25 years$2,197$1,674$1,260$937$691$379
26 years$2,090$1,574$1,168$857$622$332
27 years$1,991$1,481$1,085$784$561$290
28 years$1,899$1,396$1,009$719$506$254
29 years$1,814$1,317$939$659$457$222
30 years$1,734$1,243$874$605$413$195
31 years$1,660$1,175$815$556$373$171
32 years$1,591$1,112$760$511$338$150
33 years$1,526$1,053$710$469$306$131
34 years$1,465$998$663$432$277$115
35 years$1,407$947$620$398$251$101
36 years$1,353$899$580$366$227$89
37 years$1,302$853$543$337$206$78
38 years$1,254$811$509$311$187$68
39 years$1,208$771$476$287$169$60
40 years$1,165$734$447$265$154$53
41 years$1,124$699$419$244$139$46
42 years$1,085$665$393$225$126$41
43 years$1,048$634$369$208$115$36
44 years$1,012$604$346$192$104$31
45 years$979$576$325$177$95$28
46 years$947$550$305$164$86$24
47 years$916$525$287$151$78$21
48 years$887$501$269$140$71$19
49 years$859$478$253$129$64$16
50 years$832$457$238$119$58$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $852,000, adding $5,453 every year, while hoping to spend $40,367 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: 66/22/12 Blend
67$852,000$852,000$852,000$852,000
68$944,529$899,373$886,167$1,003,972
69$997,921$900,492$872,903$1,045,408
70$1,055,405$900,313$857,842$1,085,419
71$1,117,358$898,730$840,881$1,128,125
72$1,184,190$895,629$821,913$1,173,783
73$1,256,355$890,892$800,824$1,222,683
74$1,334,348$884,391$777,497$1,275,142
75$1,418,717$875,992$751,808$1,331,511
76$1,510,062$865,551$723,630$1,392,177
77$1,609,044$852,918$692,826$1,457,571
78$1,716,387$837,932$659,257$1,528,164
79$1,832,891$820,423$622,775$1,604,481
80$1,959,433$800,211$583,225$1,687,100
81$2,096,980$777,106$540,448$1,776,660
82$2,246,594$750,906$494,274$1,873,865
83$2,409,443$721,397$444,529$1,979,496
84$2,586,815$688,354$391,029$2,094,412
85$2,780,124$651,537$333,583$2,219,565
86$2,990,928$610,694$271,989$2,356,006
87$3,220,942$565,558$206,041$2,504,892
88$3,472,053$515,845$135,518$2,667,506
89$3,746,339$461,258$60,194$2,845,260
90$4,046,086$401,480$0$3,039,717
91$4,373,813$336,179$0$3,255,184
92$4,732,290$265,000$0$3,499,374
93$5,124,572$187,573$0$3,766,704
94$5,554,018$103,504$0$4,059,528
95$6,024,330$12,378$0$4,380,442
96$6,539,584$0$0$4,732,309
97$7,104,268$0$0$5,139,166
98$7,723,326$0$0$5,588,540
99$8,402,201$0$0$6,081,393
100$9,146,892$0$0$6,622,086