Can I retire at age 68 with 854,000?

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 $854,000?

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$70,523$69,894$69,281$68,683$68,099$67,026
2 years$34,912$34,262$33,632$33,021$32,428$31,350
3 years$23,044$22,391$21,762$21,157$20,574$19,524
4 years$17,110$16,459$15,837$15,242$14,673$13,660
5 years$13,551$12,904$12,290$11,708$11,154$10,180
6 years$11,180$10,537$9,932$9,363$8,826$7,892
7 years$9,486$8,849$8,254$7,697$7,178$6,285
8 years$8,217$7,585$7,000$6,457$5,955$5,102
9 years$7,230$6,605$6,029$5,500$5,015$4,203
10 years$6,441$5,822$5,256$4,741$4,273$3,500
11 years$5,795$5,183$4,628$4,126$3,675$2,941
12 years$5,258$4,652$4,107$3,619$3,185$2,488
13 years$4,804$4,204$3,669$3,195$2,777$2,117
14 years$4,415$3,821$3,297$2,836$2,434$1,810
15 years$4,078$3,491$2,977$2,530$2,143$1,554
16 years$3,784$3,203$2,699$2,265$1,894$1,338
17 years$3,524$2,949$2,456$2,035$1,680$1,156
18 years$3,294$2,725$2,242$1,834$1,493$1,000
19 years$3,088$2,526$2,052$1,657$1,331$868
20 years$2,902$2,347$1,883$1,501$1,189$754
21 years$2,735$2,186$1,732$1,362$1,064$656
22 years$2,583$2,041$1,597$1,239$954$572
23 years$2,445$1,909$1,474$1,128$856$498
24 years$2,318$1,788$1,363$1,029$770$435
25 years$2,202$1,678$1,263$940$692$380
26 years$2,094$1,577$1,171$859$624$332
27 years$1,995$1,484$1,088$786$562$291
28 years$1,903$1,399$1,011$720$507$255
29 years$1,818$1,320$941$661$458$223
30 years$1,738$1,246$876$606$414$195
31 years$1,664$1,178$817$557$374$171
32 years$1,595$1,115$762$512$339$150
33 years$1,529$1,056$712$471$306$132
34 years$1,468$1,001$665$433$277$116
35 years$1,411$949$622$399$251$101
36 years$1,356$901$582$367$228$89
37 years$1,305$855$544$338$206$78
38 years$1,257$813$510$312$187$69
39 years$1,211$773$478$287$170$60
40 years$1,168$736$448$265$154$53
41 years$1,126$700$420$245$140$46
42 years$1,087$667$394$226$127$41
43 years$1,050$635$369$208$115$36
44 years$1,015$606$347$192$104$31
45 years$981$577$326$178$95$28
46 years$949$551$306$164$86$24
47 years$918$526$287$152$78$21
48 years$889$502$270$140$71$19
49 years$861$479$254$130$64$16
50 years$834$458$239$120$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $854,000, adding $5,106 every year, while hoping to spend $33,439 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: 32/46/22 Blend
67$854,000$854,000$854,000$854,000
68$946,375$901,113$887,876$970,100
69$1,007,326$909,689$882,041$996,960
70$1,073,374$917,564$874,890$1,022,495
71$1,145,002$924,669$866,343$1,049,312
72$1,222,745$930,929$856,317$1,077,543
73$1,307,187$936,267$844,726$1,107,337
74$1,398,973$940,597$831,477$1,138,861
75$1,498,812$943,831$816,476$1,172,300
76$1,607,486$945,873$799,623$1,207,861
77$1,725,851$946,623$780,812$1,245,773
78$1,854,854$945,973$759,935$1,286,294
79$1,995,533$943,810$736,877$1,329,709
80$2,149,033$940,012$711,518$1,376,337
81$2,316,614$934,452$683,733$1,426,531
82$2,499,662$926,994$653,392$1,480,685
83$2,699,704$917,493$620,357$1,539,237
84$2,918,420$905,796$584,485$1,602,672
85$3,157,660$891,742$545,626$1,671,533
86$3,419,462$875,157$503,625$1,746,417
87$3,706,069$855,862$458,319$1,827,993
88$4,019,951$833,662$409,536$1,916,999
89$4,363,829$808,355$357,098$2,014,256
90$4,740,699$779,723$300,820$2,120,673
91$5,153,859$747,539$240,507$2,237,261
92$5,606,945$711,560$175,956$2,365,138
93$6,103,958$671,532$106,955$2,505,544
94$6,649,308$627,183$33,284$2,659,853
95$7,247,849$578,227$0$2,829,586
96$7,904,932$524,362$0$3,027,073
97$8,626,448$465,269$0$3,252,567
98$9,418,887$400,609$0$3,500,371
99$10,289,401$330,026$0$3,772,836
100$11,245,865$253,142$0$4,072,556