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%15%
1 years$70,440$69,813$69,200$68,603$68,019$66,619
2 years$34,871$34,222$33,592$32,982$32,390$30,986
3 years$23,017$22,364$21,737$21,132$20,550$19,185
4 years$17,090$16,440$15,819$15,224$14,656$13,341
5 years$13,536$12,889$12,276$11,694$11,141$9,881
6 years$11,167$10,525$9,921$9,352$8,816$7,610
7 years$9,475$8,839$8,244$7,688$7,170$6,020
8 years$8,207$7,577$6,992$6,450$5,948$4,853
9 years$7,221$6,597$6,022$5,494$5,009$3,969
10 years$6,433$5,815$5,250$4,736$4,268$3,281
11 years$5,789$5,177$4,622$4,121$3,671$2,736
12 years$5,252$4,646$4,102$3,615$3,181$2,297
13 years$4,798$4,199$3,665$3,192$2,774$1,939
14 years$4,410$3,817$3,293$2,833$2,431$1,645
15 years$4,073$3,487$2,973$2,527$2,141$1,400
16 years$3,779$3,199$2,696$2,262$1,892$1,196
17 years$3,520$2,946$2,453$2,033$1,678$1,024
18 years$3,290$2,722$2,239$1,832$1,492$878
19 years$3,084$2,523$2,050$1,655$1,330$755
20 years$2,899$2,344$1,881$1,499$1,188$650
21 years$2,732$2,184$1,730$1,361$1,063$561
22 years$2,580$2,038$1,595$1,237$953$484
23 years$2,442$1,907$1,472$1,127$855$418
24 years$2,315$1,786$1,362$1,028$769$362
25 years$2,199$1,676$1,261$938$692$313
26 years$2,092$1,575$1,170$858$623$271
27 years$1,993$1,483$1,086$785$562$235
28 years$1,901$1,397$1,010$720$507$204
29 years$1,816$1,318$940$660$458$177
30 years$1,736$1,245$875$606$414$153
31 years$1,662$1,177$816$556$374$133
32 years$1,593$1,113$761$511$338$115
33 years$1,528$1,054$711$470$306$100
34 years$1,466$999$664$432$277$87
35 years$1,409$948$621$398$251$76
36 years$1,355$900$581$367$227$66
37 years$1,304$854$544$338$206$57
38 years$1,255$812$509$311$187$50
39 years$1,210$772$477$287$169$43
40 years$1,166$735$447$265$154$37
41 years$1,125$699$419$244$139$33
42 years$1,086$666$393$225$127$28
43 years$1,049$635$369$208$115$25
44 years$1,013$605$346$192$104$21
45 years$980$577$325$177$95$19
46 years$948$550$306$164$86$16
47 years$917$525$287$151$78$14
48 years$888$501$270$140$71$12
49 years$860$479$254$129$64$11
50 years$833$457$238$120$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $853,000, adding $2,863 every year, while hoping to spend $28,289 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: 40/49/11 Blend
67$853,000$853,000$853,000$853,000
68$942,959$897,750$884,529$977,464
69$1,009,042$911,641$884,061$1,015,944
70$1,080,917$925,264$882,630$1,054,531
71$1,159,145$938,576$880,172$1,095,645
72$1,244,343$951,532$876,624$1,139,525
73$1,337,191$964,083$871,916$1,186,440
74$1,438,437$976,174$865,977$1,236,682
75$1,548,902$987,752$858,732$1,290,579
76$1,669,493$998,754$850,102$1,348,487
77$1,801,206$1,009,118$840,005$1,410,806
78$1,945,138$1,018,774$828,355$1,477,974
79$2,102,498$1,027,650$815,061$1,550,475
80$2,274,617$1,035,668$800,029$1,628,846
81$2,462,957$1,042,746$783,160$1,713,678
82$2,669,133$1,048,794$764,349$1,805,625
83$2,894,919$1,053,720$743,490$1,905,409
84$3,142,273$1,057,424$720,469$2,013,830
85$3,413,346$1,059,799$695,166$2,131,767
86$3,710,512$1,060,734$667,458$2,260,194
87$4,036,382$1,060,108$637,216$2,400,188
88$4,393,834$1,057,794$604,304$2,552,935
89$4,786,037$1,053,658$568,580$2,719,748
90$5,216,481$1,047,556$529,896$2,902,075
91$5,689,013$1,039,337$488,098$3,101,515
92$6,207,867$1,028,839$443,024$3,319,834
93$6,777,709$1,015,891$394,505$3,558,982
94$7,403,679$1,000,314$342,365$3,821,111
95$8,091,439$981,914$286,419$4,108,599
96$8,847,228$960,490$226,476$4,424,069
97$9,677,916$935,825$162,333$4,770,416
98$10,591,075$907,692$93,783$5,150,838
99$11,595,045$875,849$20,606$5,568,861
100$12,699,017$840,043$0$6,028,381