Can I retire at age 68 with 861,000?

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 $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%12.3%
1 years$71,101$70,467$69,849$69,246$68,657$67,997
2 years$35,198$34,543$33,907$33,291$32,694$32,029
3 years$23,232$22,574$21,940$21,330$20,742$20,093
4 years$17,251$16,594$15,967$15,367$14,794$14,165
5 years$13,663$13,010$12,391$11,803$11,246$10,640
6 years$11,271$10,624$10,014$9,439$8,898$8,316
7 years$9,564$8,922$8,322$7,761$7,237$6,678
8 years$8,284$7,648$7,057$6,510$6,004$5,468
9 years$7,289$6,659$6,078$5,545$5,056$4,544
10 years$6,493$5,869$5,299$4,780$4,308$3,819
11 years$5,843$5,225$4,665$4,160$3,705$3,239
12 years$5,301$4,690$4,140$3,649$3,211$2,767
13 years$4,843$4,238$3,699$3,221$2,800$2,377
14 years$4,451$3,852$3,324$2,860$2,454$2,053
15 years$4,111$3,519$3,001$2,550$2,161$1,780
16 years$3,815$3,229$2,721$2,284$1,910$1,549
17 years$3,553$2,974$2,476$2,052$1,693$1,352
18 years$3,321$2,748$2,260$1,849$1,506$1,183
19 years$3,113$2,547$2,069$1,671$1,342$1,037
20 years$2,926$2,366$1,899$1,513$1,199$911
21 years$2,758$2,204$1,747$1,373$1,073$802
22 years$2,605$2,058$1,610$1,249$962$707
23 years$2,465$1,924$1,486$1,137$863$624
24 years$2,337$1,803$1,375$1,037$776$551
25 years$2,220$1,692$1,273$947$698$487
26 years$2,112$1,590$1,181$866$629$431
27 years$2,012$1,497$1,096$793$567$382
28 years$1,919$1,410$1,019$726$512$338
29 years$1,833$1,330$949$666$462$300
30 years$1,753$1,256$884$611$417$266
31 years$1,678$1,188$824$561$377$236
32 years$1,608$1,124$769$516$341$209
33 years$1,542$1,064$718$474$309$186
34 years$1,480$1,009$670$437$280$165
35 years$1,422$957$627$402$253$147
36 years$1,367$908$586$370$230$130
37 years$1,316$862$549$341$208$116
38 years$1,267$820$514$314$189$103
39 years$1,221$779$482$290$171$92
40 years$1,177$742$451$267$155$82
41 years$1,136$706$423$247$141$73
42 years$1,096$672$397$228$128$65
43 years$1,059$641$373$210$116$57
44 years$1,023$611$350$194$105$51
45 years$989$582$328$179$96$45
46 years$957$555$308$165$87$40
47 years$926$530$290$153$79$36
48 years$896$506$272$141$72$32
49 years$868$483$256$131$65$29
50 years$841$462$241$121$59$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $861,000, adding $6,049 every year, while hoping to spend $25,459 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: 62/10/28 Blend
67$861,000$861,000$861,000$861,000
68$955,062$909,429$896,083$1,006,760
69$1,025,390$926,902$899,014$1,060,076
70$1,102,038$944,379$901,189$1,114,974
71$1,185,624$961,832$902,557$1,174,378
72$1,276,828$979,232$903,064$1,238,735
73$1,376,399$996,549$902,650$1,308,535
74$1,485,160$1,013,748$901,257$1,384,320
75$1,604,018$1,030,793$898,821$1,466,689
76$1,733,971$1,047,646$895,275$1,556,300
77$1,876,120$1,064,264$890,551$1,653,880
78$2,031,674$1,080,603$884,574$1,760,230
79$2,201,967$1,096,615$877,269$1,876,235
80$2,388,466$1,112,247$868,557$2,002,867
81$2,592,788$1,127,446$858,352$2,141,202
82$2,816,713$1,142,151$846,567$2,292,425
83$3,062,201$1,156,300$833,110$2,457,841
84$3,331,412$1,169,825$817,885$2,638,892
85$3,626,723$1,182,654$800,792$2,837,165
86$3,950,755$1,194,710$781,724$3,054,412
87$4,306,392$1,205,911$760,572$3,292,564
88$4,696,813$1,216,169$737,221$3,553,749
89$5,125,519$1,225,392$711,548$3,840,316
90$5,596,366$1,233,481$683,429$4,154,852
91$6,113,603$1,240,329$652,732$4,500,211
92$6,681,910$1,245,825$619,318$4,879,539
93$7,306,443$1,249,848$583,043$5,296,305
94$7,992,882$1,252,273$543,757$5,754,332
95$8,747,486$1,252,963$501,302$6,257,838
96$9,577,147$1,251,776$455,514$6,811,469
97$10,489,463$1,248,560$406,220$7,420,351
98$11,492,801$1,243,153$353,242$8,090,131
99$12,596,383$1,235,383$296,391$8,827,039
100$13,810,366$1,225,069$235,473$9,637,938