Can I retire at age 68 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$71,183$70,549$69,930$69,327$68,737$68,247
2 years$35,239$34,583$33,947$33,330$32,732$32,237
3 years$23,259$22,600$21,966$21,355$20,766$20,283
4 years$17,271$16,614$15,986$15,385$14,811$14,342
5 years$13,678$13,025$12,405$11,817$11,259$10,807
6 years$11,284$10,636$10,025$9,450$8,909$8,474
7 years$9,575$8,932$8,331$7,770$7,245$6,827
8 years$8,294$7,657$7,065$6,518$6,011$5,610
9 years$7,297$6,666$6,086$5,552$5,062$4,678
10 years$6,501$5,876$5,305$4,786$4,313$3,946
11 years$5,850$5,231$4,671$4,165$3,709$3,359
12 years$5,307$4,695$4,145$3,653$3,214$2,880
13 years$4,849$4,243$3,704$3,225$2,803$2,484
14 years$4,456$3,857$3,328$2,863$2,457$2,154
15 years$4,116$3,523$3,004$2,553$2,163$1,875
16 years$3,819$3,233$2,724$2,286$1,912$1,639
17 years$3,557$2,977$2,479$2,054$1,695$1,436
18 years$3,324$2,751$2,263$1,851$1,507$1,262
19 years$3,117$2,550$2,071$1,673$1,344$1,111
20 years$2,930$2,369$1,901$1,515$1,200$981
21 years$2,761$2,207$1,749$1,375$1,074$867
22 years$2,608$2,060$1,612$1,250$963$767
23 years$2,468$1,927$1,488$1,138$864$680
24 years$2,340$1,805$1,376$1,038$777$603
25 years$2,222$1,694$1,275$948$699$536
26 years$2,114$1,592$1,182$867$630$476
27 years$2,014$1,498$1,098$794$568$424
28 years$1,921$1,412$1,020$727$512$377
29 years$1,835$1,332$950$667$462$336
30 years$1,755$1,258$885$612$418$300
31 years$1,680$1,189$825$562$378$267
32 years$1,609$1,125$769$517$342$238
33 years$1,544$1,066$718$475$309$213
34 years$1,482$1,010$671$437$280$190
35 years$1,424$958$628$402$254$170
36 years$1,369$909$587$371$230$152
37 years$1,317$863$549$341$208$135
38 years$1,269$821$515$315$189$121
39 years$1,222$780$482$290$171$108
40 years$1,178$742$452$268$155$97
41 years$1,137$707$424$247$141$86
42 years$1,097$673$397$228$128$77
43 years$1,060$641$373$210$116$69
44 years$1,024$611$350$194$105$62
45 years$990$583$329$179$96$55
46 years$958$556$309$166$87$49
47 years$927$531$290$153$79$44
48 years$897$507$273$141$72$40
49 years$869$484$256$131$65$35
50 years$842$462$241$121$59$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $862,000, adding $3,520 every year, while hoping to spend $58,923 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: 70/9/21 Blend
67$862,000$862,000$862,000$862,000
68$953,555$907,869$894,508$1,015,123
69$988,124$889,661$861,780$1,038,462
70$1,024,244$868,586$825,981$1,056,729
71$1,062,011$844,441$786,946$1,075,280
72$1,101,530$817,012$744,502$1,094,138
73$1,142,912$786,071$698,469$1,113,327
74$1,186,279$751,379$648,658$1,132,880
75$1,231,763$712,680$594,872$1,152,831
76$1,279,509$669,707$536,905$1,173,220
77$1,329,670$622,174$474,543$1,194,096
78$1,382,417$569,782$407,561$1,215,511
79$1,437,933$512,211$335,724$1,237,526
80$1,496,420$449,126$258,788$1,260,212
81$1,558,094$380,173$176,497$1,283,647
82$1,623,193$304,975$88,583$1,307,923
83$1,691,977$223,137$0$1,333,140
84$1,764,729$134,241$0$1,360,589
85$1,841,756$37,844$0$1,410,486
86$1,923,397$0$0$1,463,175
87$2,010,019$0$0$1,525,482
88$2,102,025$0$0$1,595,667
89$2,199,856$0$0$1,670,320
90$2,303,994$0$0$1,749,812
91$2,414,966$0$0$1,834,550
92$2,533,349$0$0$1,924,978
93$2,659,778$0$0$2,021,584
94$2,794,945$0$0$2,124,901
95$2,939,611$0$0$2,235,517
96$3,094,611$0$0$2,354,072
97$3,260,857$0$0$2,481,271
98$3,439,354$0$0$2,617,888
99$3,631,204$0$0$2,764,771
100$3,837,615$0$0$2,922,852