Can I retire at age 68 with 861,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $861,000?

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$71,101$70,467$69,849$69,246$68,657$67,576
2 years$35,198$34,543$33,907$33,291$32,694$31,607
3 years$23,232$22,574$21,940$21,330$20,742$19,684
4 years$17,251$16,594$15,967$15,367$14,794$13,772
5 years$13,663$13,010$12,391$11,803$11,246$10,264
6 years$11,271$10,624$10,014$9,439$8,898$7,957
7 years$9,564$8,922$8,322$7,761$7,237$6,337
8 years$8,284$7,648$7,057$6,510$6,004$5,144
9 years$7,289$6,659$6,078$5,545$5,056$4,237
10 years$6,493$5,869$5,299$4,780$4,308$3,529
11 years$5,843$5,225$4,665$4,160$3,705$2,965
12 years$5,301$4,690$4,140$3,649$3,211$2,509
13 years$4,843$4,238$3,699$3,221$2,800$2,135
14 years$4,451$3,852$3,324$2,860$2,454$1,825
15 years$4,111$3,519$3,001$2,550$2,161$1,567
16 years$3,815$3,229$2,721$2,284$1,910$1,349
17 years$3,553$2,974$2,476$2,052$1,693$1,165
18 years$3,321$2,748$2,260$1,849$1,506$1,009
19 years$3,113$2,547$2,069$1,671$1,342$875
20 years$2,926$2,366$1,899$1,513$1,199$760
21 years$2,758$2,204$1,747$1,373$1,073$661
22 years$2,605$2,058$1,610$1,249$962$576
23 years$2,465$1,924$1,486$1,137$863$503
24 years$2,337$1,803$1,375$1,037$776$439
25 years$2,220$1,692$1,273$947$698$383
26 years$2,112$1,590$1,181$866$629$335
27 years$2,012$1,497$1,096$793$567$293
28 years$1,919$1,410$1,019$726$512$257
29 years$1,833$1,330$949$666$462$225
30 years$1,753$1,256$884$611$417$197
31 years$1,678$1,188$824$561$377$173
32 years$1,608$1,124$769$516$341$151
33 years$1,542$1,064$718$474$309$133
34 years$1,480$1,009$670$437$280$116
35 years$1,422$957$627$402$253$102
36 years$1,367$908$586$370$230$90
37 years$1,316$862$549$341$208$79
38 years$1,267$820$514$314$189$69
39 years$1,221$779$482$290$171$61
40 years$1,177$742$451$267$155$53
41 years$1,136$706$423$247$141$47
42 years$1,096$672$397$228$128$41
43 years$1,059$641$373$210$116$36
44 years$1,023$611$350$194$105$32
45 years$989$582$328$179$96$28
46 years$957$555$308$165$87$24
47 years$926$530$290$153$79$21
48 years$896$506$272$141$72$19
49 years$868$483$256$131$65$17
50 years$841$462$241$121$59$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $861,000, adding $6,465 every year, while hoping to spend $38,076 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: 54/26/20 Blend
67$861,000$861,000$861,000$861,000
68$955,491$909,858$896,512$1,001,560
69$1,012,438$913,928$886,033$1,037,908
70$1,073,918$916,922$873,926$1,072,903
71$1,140,353$918,746$860,098$1,110,174
72$1,212,206$919,302$844,448$1,149,951
73$1,289,987$918,484$826,874$1,192,485
74$1,374,258$916,182$807,266$1,238,060
75$1,465,634$912,276$785,511$1,286,985
76$1,564,793$906,642$761,490$1,339,606
77$1,672,481$899,147$735,079$1,396,303
78$1,789,517$889,648$706,147$1,457,500
79$1,916,804$877,997$674,560$1,523,665
80$2,055,335$864,035$640,173$1,595,316
81$2,206,200$847,594$602,840$1,673,026
82$2,370,602$828,496$562,405$1,757,429
83$2,549,863$806,552$518,706$1,849,229
84$2,745,439$781,563$471,572$1,949,201
85$2,958,932$753,317$420,828$2,058,205
86$3,192,105$721,592$366,287$2,177,191
87$3,446,899$686,149$307,757$2,307,210
88$3,725,452$646,740$245,036$2,449,425
89$4,030,117$603,099$177,914$2,605,120
90$4,363,485$554,947$106,170$2,775,714
91$4,728,408$501,987$29,575$2,962,779
92$5,128,029$443,908$0$3,168,049
93$5,565,808$380,379$0$3,404,573
94$6,045,553$311,050$0$3,670,796
95$6,571,461$235,554$0$3,962,796
96$7,148,154$153,500$0$4,283,217
97$7,780,721$64,476$0$4,634,975
98$8,474,768$0$0$5,021,288
99$9,236,472$0$0$5,454,845
100$10,072,634$0$0$5,951,118