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%13.7%
1 years$71,101$70,467$69,849$69,246$68,657$67,603
2 years$35,198$34,543$33,907$33,291$32,694$31,635
3 years$23,232$22,574$21,940$21,330$20,742$19,711
4 years$17,251$16,594$15,967$15,367$14,794$13,798
5 years$13,663$13,010$12,391$11,803$11,246$10,288
6 years$11,271$10,624$10,014$9,439$8,898$7,980
7 years$9,564$8,922$8,322$7,761$7,237$6,359
8 years$8,284$7,648$7,057$6,510$6,004$5,165
9 years$7,289$6,659$6,078$5,545$5,056$4,257
10 years$6,493$5,869$5,299$4,780$4,308$3,547
11 years$5,843$5,225$4,665$4,160$3,705$2,982
12 years$5,301$4,690$4,140$3,649$3,211$2,525
13 years$4,843$4,238$3,699$3,221$2,800$2,150
14 years$4,451$3,852$3,324$2,860$2,454$1,840
15 years$4,111$3,519$3,001$2,550$2,161$1,580
16 years$3,815$3,229$2,721$2,284$1,910$1,362
17 years$3,553$2,974$2,476$2,052$1,693$1,177
18 years$3,321$2,748$2,260$1,849$1,506$1,019
19 years$3,113$2,547$2,069$1,671$1,342$885
20 years$2,926$2,366$1,899$1,513$1,199$769
21 years$2,758$2,204$1,747$1,373$1,073$670
22 years$2,605$2,058$1,610$1,249$962$584
23 years$2,465$1,924$1,486$1,137$863$510
24 years$2,337$1,803$1,375$1,037$776$445
25 years$2,220$1,692$1,273$947$698$390
26 years$2,112$1,590$1,181$866$629$341
27 years$2,012$1,497$1,096$793$567$298
28 years$1,919$1,410$1,019$726$512$262
29 years$1,833$1,330$949$666$462$229
30 years$1,753$1,256$884$611$417$201
31 years$1,678$1,188$824$561$377$176
32 years$1,608$1,124$769$516$341$155
33 years$1,542$1,064$718$474$309$136
34 years$1,480$1,009$670$437$280$119
35 years$1,422$957$627$402$253$105
36 years$1,367$908$586$370$230$92
37 years$1,316$862$549$341$208$81
38 years$1,267$820$514$314$189$71
39 years$1,221$779$482$290$171$62
40 years$1,177$742$451$267$155$55
41 years$1,136$706$423$247$141$48
42 years$1,096$672$397$228$128$42
43 years$1,059$641$373$210$116$37
44 years$1,023$611$350$194$105$33
45 years$989$582$328$179$96$29
46 years$957$555$308$165$87$25
47 years$926$530$290$153$79$22
48 years$896$506$272$141$72$20
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 $2,239 every year, while hoping to spend $21,114 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: 67/13/20 Blend
67$861,000$861,000$861,000$861,000
68$951,132$905,499$892,153$1,009,961
69$1,025,682$927,403$899,575$1,071,543
70$1,107,129$949,673$906,538$1,136,212
71$1,196,153$972,304$913,004$1,206,425
72$1,293,505$995,291$918,934$1,282,725
73$1,400,010$1,018,628$924,286$1,365,714
74$1,516,578$1,042,308$929,016$1,456,053
75$1,644,209$1,066,321$933,079$1,554,470
76$1,784,006$1,090,658$936,425$1,661,767
77$1,937,183$1,115,309$939,003$1,778,830
78$2,105,077$1,140,261$940,762$1,906,634
79$2,289,162$1,165,500$941,643$2,046,250
80$2,491,057$1,191,011$941,590$2,198,864
81$2,712,551$1,216,776$940,539$2,365,779
82$2,955,610$1,242,777$938,426$2,548,433
83$3,222,403$1,268,993$935,183$2,748,407
84$3,515,315$1,295,402$930,740$2,967,448
85$3,836,978$1,321,977$925,020$3,207,478
86$4,190,289$1,348,693$917,947$3,470,617
87$4,578,438$1,375,518$909,438$3,759,200
88$5,004,941$1,402,421$899,407$4,075,801
89$5,473,672$1,429,367$887,764$4,423,255
90$5,988,898$1,456,318$874,415$4,804,691
91$6,555,320$1,483,231$859,262$5,223,551
92$7,178,116$1,510,064$842,202$5,683,633
93$7,862,994$1,536,766$823,125$6,189,122
94$8,616,240$1,563,288$801,920$6,744,628
95$9,444,780$1,589,573$778,468$7,355,235
96$10,356,246$1,615,561$752,646$8,026,542
97$11,359,047$1,641,187$724,323$8,764,723
98$12,462,447$1,666,383$693,365$9,576,582
99$13,676,655$1,691,073$659,631$10,469,616
100$15,012,917$1,715,180$622,972$11,452,088