Can I retire at age 68 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$70,770$70,140$69,525$68,925$68,338$66,551
2 years$35,035$34,382$33,750$33,137$32,542$30,754
3 years$23,125$22,469$21,838$21,231$20,646$18,913
4 years$17,171$16,517$15,893$15,296$14,725$13,060
5 years$13,599$12,950$12,333$11,749$11,194$9,601
6 years$11,219$10,574$9,967$9,395$8,857$7,339
7 years$9,519$8,880$8,283$7,725$7,203$5,759
8 years$8,245$7,612$7,025$6,480$5,976$4,605
9 years$7,255$6,628$6,050$5,519$5,032$3,734
10 years$6,463$5,842$5,275$4,758$4,288$3,061
11 years$5,816$5,201$4,644$4,141$3,688$2,530
12 years$5,277$4,668$4,121$3,632$3,196$2,104
13 years$4,821$4,218$3,682$3,206$2,787$1,760
14 years$4,430$3,834$3,308$2,846$2,443$1,479
15 years$4,092$3,503$2,987$2,538$2,151$1,246
16 years$3,797$3,214$2,708$2,273$1,901$1,054
17 years$3,536$2,960$2,464$2,042$1,686$893
18 years$3,305$2,735$2,250$1,840$1,499$759
19 years$3,098$2,535$2,059$1,663$1,336$645
20 years$2,913$2,355$1,890$1,506$1,193$550
21 years$2,745$2,194$1,738$1,367$1,068$469
22 years$2,592$2,048$1,602$1,243$957$401
23 years$2,453$1,915$1,479$1,132$859$342
24 years$2,326$1,795$1,368$1,032$772$293
25 years$2,209$1,684$1,267$943$695$251
26 years$2,102$1,583$1,175$862$626$215
27 years$2,002$1,490$1,091$789$564$184
28 years$1,910$1,404$1,015$723$509$158
29 years$1,824$1,324$944$663$460$135
30 years$1,744$1,251$879$608$415$116
31 years$1,670$1,182$820$559$376$99
32 years$1,600$1,119$765$514$340$85
33 years$1,535$1,059$714$472$307$73
34 years$1,473$1,004$667$435$278$63
35 years$1,416$952$624$400$252$54
36 years$1,361$904$584$368$228$46
37 years$1,310$858$546$339$207$40
38 years$1,261$816$512$313$188$34
39 years$1,215$776$479$288$170$29
40 years$1,172$738$449$266$154$25
41 years$1,130$703$421$245$140$22
42 years$1,091$669$395$227$127$19
43 years$1,054$638$371$209$115$16
44 years$1,018$608$348$193$105$14
45 years$984$580$327$178$95$12
46 years$952$553$307$165$86$10
47 years$921$528$288$152$78$9
48 years$892$504$271$141$71$7
49 years$864$481$255$130$65$6
50 years$837$459$239$120$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $857,000, adding $3,184 every year, while hoping to spend $58,093 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: 61/10/29 Blend
67$857,000$857,000$857,000$857,000
68$947,698$902,277$888,994$997,903
69$982,553$884,678$856,965$1,014,889
70$1,019,016$864,270$821,915$1,026,904
71$1,057,190$840,853$783,684$1,038,804
72$1,097,185$814,218$742,100$1,050,592
73$1,139,124$784,140$696,985$1,062,272
74$1,183,136$750,384$648,156$1,073,851
75$1,229,364$712,701$595,417$1,085,341
76$1,277,961$670,826$538,566$1,096,758
77$1,329,097$624,480$477,391$1,108,121
78$1,382,953$573,367$411,672$1,119,457
79$1,439,728$517,176$341,177$1,130,798
80$1,499,639$455,577$265,666$1,142,182
81$1,562,923$388,221$184,886$1,153,656
82$1,629,837$314,739$98,575$1,165,277
83$1,700,662$234,743$6,459$1,177,111
84$1,775,706$147,822$0$1,189,235
85$1,855,303$53,541$0$1,230,161
86$1,939,822$0$0$1,275,553
87$2,029,663$0$0$1,328,973
88$2,125,265$0$0$1,392,123
89$2,227,108$0$0$1,459,434
90$2,335,719$0$0$1,531,258
91$2,451,674$0$0$1,607,981
92$2,575,604$0$0$1,690,026
93$2,708,202$0$0$1,777,859
94$2,850,226$0$0$1,871,987
95$3,002,509$0$0$1,972,969
96$3,165,964$0$0$2,081,417
97$3,341,593$0$0$2,198,004
98$3,530,496$0$0$2,323,467
99$3,733,881$0$0$2,458,618
100$3,953,075$0$0$2,604,346