Can I retire at age 68 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$70,688$70,058$69,444$68,844$68,259$66,206
2 years$34,994$34,342$33,711$33,098$32,504$30,454
3 years$23,098$22,443$21,813$21,206$20,622$18,638
4 years$17,151$16,498$15,874$15,278$14,708$12,805
5 years$13,583$12,935$12,319$11,735$11,181$9,364
6 years$11,206$10,562$9,956$9,385$8,847$7,119
7 years$9,508$8,870$8,273$7,716$7,195$5,555
8 years$8,236$7,603$7,016$6,472$5,969$4,416
9 years$7,247$6,620$6,043$5,513$5,027$3,559
10 years$6,456$5,835$5,269$4,752$4,283$2,899
11 years$5,809$5,195$4,638$4,136$3,683$2,381
12 years$5,270$4,663$4,116$3,628$3,192$1,967
13 years$4,815$4,214$3,678$3,203$2,783$1,635
14 years$4,425$3,830$3,304$2,843$2,440$1,364
15 years$4,088$3,499$2,983$2,535$2,148$1,141
16 years$3,792$3,210$2,705$2,270$1,899$958
17 years$3,532$2,956$2,461$2,040$1,684$806
18 years$3,301$2,732$2,247$1,838$1,497$680
19 years$3,095$2,532$2,057$1,661$1,334$574
20 years$2,909$2,353$1,888$1,504$1,192$485
21 years$2,742$2,191$1,736$1,365$1,066$411
22 years$2,589$2,046$1,600$1,241$956$348
23 years$2,451$1,913$1,478$1,131$858$295
24 years$2,324$1,793$1,367$1,031$771$250
25 years$2,207$1,682$1,266$942$694$213
26 years$2,099$1,581$1,174$861$625$181
27 years$2,000$1,488$1,090$788$564$154
28 years$1,908$1,402$1,013$722$509$131
29 years$1,822$1,323$943$662$459$111
30 years$1,742$1,249$878$608$415$94
31 years$1,668$1,181$819$558$375$80
32 years$1,598$1,117$764$513$339$68
33 years$1,533$1,058$713$472$307$58
34 years$1,472$1,003$667$434$278$49
35 years$1,414$951$623$400$252$42
36 years$1,360$903$583$368$228$36
37 years$1,308$857$546$339$207$31
38 years$1,260$815$511$312$188$26
39 years$1,214$775$479$288$170$22
40 years$1,170$737$449$266$154$19
41 years$1,129$702$421$245$140$16
42 years$1,090$668$395$226$127$14
43 years$1,053$637$370$209$115$12
44 years$1,017$607$348$193$105$10
45 years$983$579$326$178$95$8
46 years$951$552$307$165$86$7
47 years$920$527$288$152$78$6
48 years$891$503$271$140$71$5
49 years$863$480$254$130$65$4
50 years$836$459$239$120$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $856,000, adding $5,357 every year, while hoping to spend $49,678 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: 53/40/7 Blend
67$856,000$856,000$856,000$856,000
68$948,838$903,470$890,202$997,256
69$992,762$894,883$867,166$1,022,078
70$1,039,502$884,210$841,695$1,043,182
71$1,089,292$871,297$813,652$1,064,946
72$1,142,388$855,979$782,898$1,087,440
73$1,199,074$838,084$749,287$1,110,746
74$1,259,656$817,427$712,665$1,134,956
75$1,324,473$793,813$672,872$1,160,174
76$1,393,897$767,037$629,740$1,186,518
77$1,468,332$736,880$583,094$1,214,122
78$1,548,227$703,112$532,752$1,243,136
79$1,634,069$665,487$478,523$1,273,730
80$1,726,397$623,749$420,206$1,306,095
81$1,825,800$577,624$357,594$1,340,447
82$1,932,927$526,823$290,469$1,377,027
83$2,048,489$471,041$218,603$1,416,106
84$2,173,268$409,955$141,759$1,457,989
85$2,308,124$343,224$59,690$1,503,017
86$2,453,999$270,489$0$1,551,571
87$2,611,934$191,370$0$1,606,163
88$2,783,067$105,463$0$1,670,079
89$2,968,655$12,346$0$1,739,413
90$3,170,077$0$0$1,814,781
91$3,388,850$0$0$1,935,795
92$3,626,644$0$0$2,073,311
93$3,885,296$0$0$2,222,966
94$4,166,825$0$0$2,385,938
95$4,473,454$0$0$2,563,524
96$4,807,631$0$0$2,757,152
97$5,172,046$0$0$2,968,393
98$5,569,665$0$0$3,198,975
99$6,003,748$0$0$3,450,803
100$6,477,885$0$0$3,725,972