Can I retire at age 68 with 855,000?

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 $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$70,605$69,976$69,363$68,764$68,179$67,551
2 years$34,953$34,302$33,671$33,059$32,466$31,834
3 years$23,071$22,417$21,787$21,182$20,598$19,980
4 years$17,130$16,479$15,856$15,260$14,691$14,093
5 years$13,567$12,920$12,305$11,721$11,168$10,591
6 years$11,193$10,550$9,944$9,374$8,836$8,282
7 years$9,497$8,860$8,264$7,707$7,186$6,654
8 years$8,226$7,594$7,008$6,465$5,962$5,452
9 years$7,238$6,612$6,036$5,507$5,021$4,533
10 years$6,448$5,828$5,262$4,747$4,278$3,812
11 years$5,802$5,189$4,633$4,131$3,679$3,235
12 years$5,264$4,657$4,112$3,624$3,188$2,765
13 years$4,810$4,209$3,673$3,199$2,780$2,378
14 years$4,420$3,826$3,301$2,840$2,437$2,055
15 years$4,083$3,495$2,980$2,533$2,146$1,783
16 years$3,788$3,206$2,702$2,268$1,897$1,553
17 years$3,528$2,953$2,459$2,037$1,682$1,356
18 years$3,297$2,729$2,244$1,836$1,495$1,187
19 years$3,091$2,529$2,055$1,659$1,333$1,042
20 years$2,906$2,350$1,886$1,503$1,190$916
21 years$2,738$2,189$1,734$1,364$1,065$807
22 years$2,586$2,043$1,599$1,240$955$711
23 years$2,448$1,911$1,476$1,129$857$628
24 years$2,321$1,790$1,365$1,030$770$555
25 years$2,204$1,680$1,264$941$693$491
26 years$2,097$1,579$1,173$860$624$435
27 years$1,998$1,486$1,089$787$563$386
28 years$1,906$1,400$1,012$721$508$342
29 years$1,820$1,321$942$661$459$303
30 years$1,740$1,248$877$607$414$269
31 years$1,666$1,179$818$557$375$239
32 years$1,596$1,116$763$512$339$212
33 years$1,531$1,057$713$471$307$189
34 years$1,470$1,002$666$433$278$168
35 years$1,412$950$622$399$252$149
36 years$1,358$902$582$368$228$133
37 years$1,307$856$545$339$207$118
38 years$1,258$814$510$312$187$105
39 years$1,212$774$478$288$170$94
40 years$1,169$736$448$265$154$83
41 years$1,128$701$420$245$140$74
42 years$1,089$668$394$226$127$66
43 years$1,051$636$370$209$115$59
44 years$1,016$606$347$193$104$52
45 years$982$578$326$178$95$47
46 years$950$552$306$164$86$42
47 years$919$526$288$152$78$37
48 years$890$502$270$140$71$33
49 years$862$480$254$130$64$29
50 years$835$458$239$120$59$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $855,000, adding $5,703 every year, while hoping to spend $23,578 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: 69/12/19 Blend
67$855,000$855,000$855,000$855,000
68$948,093$902,778$889,525$1,008,738
69$1,019,711$921,927$894,237$1,069,090
70$1,097,845$941,224$898,317$1,131,797
71$1,183,133$960,652$901,719$1,199,829
72$1,276,279$980,191$904,393$1,273,710
73$1,378,060$999,820$906,290$1,354,017
74$1,489,327$1,019,517$907,356$1,441,385
75$1,611,020$1,039,255$907,535$1,536,514
76$1,744,175$1,059,009$906,768$1,640,177
77$1,889,930$1,078,749$904,993$1,753,223
78$2,049,538$1,098,444$902,146$1,876,590
79$2,224,382$1,118,059$898,159$2,011,311
80$2,415,983$1,137,557$892,961$2,158,523
81$2,626,015$1,156,900$886,478$2,319,481
82$2,856,324$1,176,043$878,630$2,495,567
83$3,108,943$1,194,942$869,337$2,688,304
84$3,386,108$1,213,548$858,513$2,899,373
85$3,690,285$1,231,806$846,068$3,130,622
86$4,024,191$1,249,661$831,908$3,384,091
87$4,390,817$1,267,053$815,935$3,662,029
88$4,793,457$1,283,915$798,046$3,966,913
89$5,235,742$1,300,179$778,132$4,301,472
90$5,721,670$1,315,771$756,083$4,668,717
91$6,255,648$1,330,611$731,779$5,071,963
92$6,842,528$1,344,615$705,097$5,514,868
93$7,487,657$1,357,692$675,909$6,001,459
94$8,196,925$1,369,747$644,080$6,536,177
95$8,976,823$1,380,676$609,468$7,123,917
96$9,834,501$1,390,371$571,927$7,770,073
97$10,777,836$1,398,715$531,303$8,480,590
98$11,815,509$1,405,585$487,434$9,262,022
99$12,957,081$1,410,849$440,154$10,121,589
100$14,213,090$1,414,368$389,286$11,067,253