Can I retire at age 68 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$71,018$70,385$69,768$69,166$68,578$66,920
2 years$35,157$34,503$33,868$33,253$32,656$30,996
3 years$23,205$22,548$21,915$21,305$20,718$19,107
4 years$17,231$16,575$15,948$15,349$14,776$13,227
5 years$13,647$12,995$12,377$11,790$11,233$9,750
6 years$11,258$10,611$10,002$9,428$8,888$7,473
7 years$9,553$8,911$8,312$7,752$7,228$5,881
8 years$8,274$7,639$7,049$6,503$5,997$4,717
9 years$7,280$6,651$6,071$5,539$5,050$3,836
10 years$6,486$5,862$5,293$4,774$4,303$3,154
11 years$5,836$5,219$4,660$4,155$3,701$2,615
12 years$5,295$4,684$4,136$3,645$3,207$2,183
13 years$4,838$4,233$3,695$3,218$2,796$1,832
14 years$4,446$3,848$3,320$2,856$2,451$1,544
15 years$4,107$3,515$2,997$2,547$2,158$1,306
16 years$3,810$3,225$2,718$2,281$1,908$1,108
17 years$3,549$2,970$2,473$2,049$1,691$943
18 years$3,317$2,745$2,257$1,847$1,504$804
19 years$3,109$2,544$2,067$1,669$1,340$686
20 years$2,923$2,364$1,897$1,511$1,197$587
21 years$2,754$2,202$1,745$1,372$1,071$503
22 years$2,601$2,055$1,608$1,247$960$431
23 years$2,462$1,922$1,485$1,136$862$370
24 years$2,334$1,801$1,373$1,036$775$317
25 years$2,217$1,690$1,272$946$697$273
26 years$2,109$1,588$1,179$865$628$235
27 years$2,009$1,495$1,095$792$566$202
28 years$1,917$1,409$1,018$725$511$174
29 years$1,831$1,329$947$665$461$149
30 years$1,751$1,255$882$611$417$129
31 years$1,676$1,186$823$561$377$111
32 years$1,606$1,123$768$515$341$96
33 years$1,540$1,063$717$474$309$82
34 years$1,479$1,008$670$436$279$71
35 years$1,421$956$626$401$253$61
36 years$1,366$907$586$370$229$53
37 years$1,314$861$548$341$208$45
38 years$1,266$819$513$314$188$39
39 years$1,219$779$481$289$171$34
40 years$1,176$741$451$267$155$29
41 years$1,134$705$423$246$141$25
42 years$1,095$671$397$227$128$22
43 years$1,057$640$372$210$116$19
44 years$1,022$610$349$194$105$16
45 years$988$582$328$179$95$14
46 years$955$555$308$165$87$12
47 years$925$529$289$153$79$10
48 years$895$505$272$141$71$9
49 years$867$483$256$130$65$8
50 years$840$461$240$121$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $860,000, adding $3,149 every year, while hoping to spend $20,168 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: 35/36/29 Blend
67$860,000$860,000$860,000$860,000
68$950,968$905,388$892,058$975,858
69$1,026,508$928,294$900,484$1,017,727
70$1,109,078$951,645$908,515$1,060,842
71$1,199,372$975,444$916,119$1,106,979
72$1,298,157$999,690$923,258$1,156,421
73$1,406,276$1,024,382$929,894$1,209,483
74$1,524,658$1,049,519$935,987$1,266,510
75$1,654,326$1,075,098$941,496$1,327,883
76$1,796,405$1,101,116$946,374$1,394,023
77$1,952,137$1,127,569$950,576$1,465,391
78$2,122,888$1,154,452$954,053$1,542,498
79$2,310,161$1,181,759$956,752$1,625,907
80$2,515,614$1,209,482$958,620$1,716,237
81$2,741,073$1,237,613$959,600$1,814,174
82$2,988,548$1,266,142$959,632$1,920,470
83$3,260,254$1,295,057$958,654$2,035,957
84$3,558,630$1,324,345$956,599$2,161,551
85$3,886,364$1,353,992$953,400$2,298,263
86$4,246,417$1,383,981$948,982$2,447,206
87$4,642,050$1,414,295$943,272$2,609,611
88$5,076,857$1,444,913$936,189$2,786,829
89$5,554,795$1,475,812$927,650$2,980,357
90$6,080,226$1,506,969$917,568$3,191,839
91$6,657,955$1,538,356$905,852$3,423,092
92$7,293,274$1,569,943$892,406$3,676,118
93$7,992,017$1,601,699$877,130$3,953,124
94$8,760,608$1,633,588$859,920$4,256,544
95$9,606,128$1,665,572$840,665$4,589,061
96$10,536,378$1,697,609$819,252$4,953,634
97$11,559,951$1,729,655$795,559$5,353,525
98$12,686,317$1,761,659$769,462$5,792,331
99$13,925,911$1,793,571$740,829$6,274,017
100$15,290,231$1,825,332$709,523$6,802,954