Can I retire at age 68 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$70,440$69,813$69,200$68,603$68,019$66,893
2 years$34,871$34,222$33,592$32,982$32,390$31,258
3 years$23,017$22,364$21,737$21,132$20,550$19,448
4 years$17,090$16,440$15,819$15,224$14,656$13,593
5 years$13,536$12,889$12,276$11,694$11,141$10,120
6 years$11,167$10,525$9,921$9,352$8,816$7,837
7 years$9,475$8,839$8,244$7,688$7,170$6,234
8 years$8,207$7,577$6,992$6,450$5,948$5,055
9 years$7,221$6,597$6,022$5,494$5,009$4,159
10 years$6,433$5,815$5,250$4,736$4,268$3,459
11 years$5,789$5,177$4,622$4,121$3,671$2,903
12 years$5,252$4,646$4,102$3,615$3,181$2,453
13 years$4,798$4,199$3,665$3,192$2,774$2,085
14 years$4,410$3,817$3,293$2,833$2,431$1,780
15 years$4,073$3,487$2,973$2,527$2,141$1,526
16 years$3,779$3,199$2,696$2,262$1,892$1,312
17 years$3,520$2,946$2,453$2,033$1,678$1,132
18 years$3,290$2,722$2,239$1,832$1,492$978
19 years$3,084$2,523$2,050$1,655$1,330$847
20 years$2,899$2,344$1,881$1,499$1,188$735
21 years$2,732$2,184$1,730$1,361$1,063$638
22 years$2,580$2,038$1,595$1,237$953$555
23 years$2,442$1,907$1,472$1,127$855$484
24 years$2,315$1,786$1,362$1,028$769$422
25 years$2,199$1,676$1,261$938$692$368
26 years$2,092$1,575$1,170$858$623$321
27 years$1,993$1,483$1,086$785$562$280
28 years$1,901$1,397$1,010$720$507$245
29 years$1,816$1,318$940$660$458$214
30 years$1,736$1,245$875$606$414$187
31 years$1,662$1,177$816$556$374$164
32 years$1,593$1,113$761$511$338$144
33 years$1,528$1,054$711$470$306$126
34 years$1,466$999$664$432$277$110
35 years$1,409$948$621$398$251$96
36 years$1,355$900$581$367$227$84
37 years$1,304$854$544$338$206$74
38 years$1,255$812$509$311$187$65
39 years$1,210$772$477$287$169$57
40 years$1,166$735$447$265$154$50
41 years$1,125$699$419$244$139$44
42 years$1,086$666$393$225$127$38
43 years$1,049$635$369$208$115$34
44 years$1,013$605$346$192$104$29
45 years$980$577$325$177$95$26
46 years$948$550$306$164$86$23
47 years$917$525$287$151$78$20
48 years$888$501$270$140$71$17
49 years$860$479$254$129$64$15
50 years$833$457$238$120$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $853,000, adding $6,858 every year, while hoping to spend $28,795 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: 83/5/12 Blend
67$853,000$853,000$853,000$853,000
68$947,080$901,871$888,650$1,023,125
69$1,013,045$915,425$887,782$1,087,500
70$1,084,772$928,678$885,920$1,153,659
71$1,162,821$941,585$883,000$1,225,452
72$1,247,804$954,098$878,955$1,303,431
73$1,340,395$966,164$873,716$1,388,200
74$1,441,339$977,729$867,208$1,480,428
75$1,551,451$988,734$859,356$1,580,850
76$1,671,633$999,116$850,078$1,690,275
77$1,802,875$1,008,808$839,291$1,809,596
78$1,946,266$1,017,737$826,905$1,939,795
79$2,103,007$1,025,828$812,828$2,081,955
80$2,274,419$1,033,000$796,964$2,237,268
81$2,461,959$1,039,165$779,210$2,407,048
82$2,667,227$1,044,232$759,462$2,592,742
83$2,891,988$1,048,104$737,608$2,795,947
84$3,138,185$1,050,675$713,532$3,018,418
85$3,407,957$1,051,835$687,113$3,262,092
86$3,703,661$1,051,468$658,223$3,529,103
87$4,027,891$1,049,447$626,731$3,821,801
88$4,383,506$1,045,640$592,497$4,142,776
89$4,773,655$1,039,907$555,376$4,494,884
90$5,201,804$1,032,099$515,218$4,881,268
91$5,671,773$1,022,057$471,863$5,305,395
92$6,187,770$1,009,613$425,146$5,771,084
93$6,754,429$994,591$374,895$6,282,544
94$7,376,855$976,801$320,929$6,844,412
95$8,060,674$956,043$263,059$7,461,798
96$8,812,080$932,107$201,089$8,140,336
97$9,637,900$904,768$134,814$8,886,230
98$10,545,654$873,790$64,018$9,706,321
99$11,543,627$838,921$0$10,608,145
100$12,640,945$799,897$0$11,601,486