Can I retire at age 68 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$71,348$70,713$70,093$69,488$68,897$68,007
2 years$35,321$34,663$34,026$33,407$32,808$31,913
3 years$23,313$22,653$22,017$21,404$20,815$19,943
4 years$17,311$16,652$16,023$15,421$14,845$14,002
5 years$13,710$13,055$12,434$11,845$11,285$10,474
6 years$11,311$10,661$10,049$9,472$8,930$8,151
7 years$9,597$8,953$8,350$7,788$7,262$6,516
8 years$8,313$7,674$7,082$6,533$6,025$5,311
9 years$7,314$6,682$6,100$5,565$5,074$4,393
10 years$6,516$5,890$5,318$4,797$4,323$3,674
11 years$5,863$5,243$4,682$4,175$3,718$3,101
12 years$5,320$4,706$4,155$3,662$3,222$2,635
13 years$4,860$4,253$3,712$3,233$2,810$2,253
14 years$4,467$3,866$3,335$2,870$2,463$1,935
15 years$4,126$3,531$3,011$2,559$2,168$1,669
16 years$3,828$3,240$2,730$2,291$1,916$1,444
17 years$3,565$2,984$2,484$2,059$1,699$1,254
18 years$3,332$2,757$2,268$1,855$1,511$1,091
19 years$3,124$2,555$2,076$1,677$1,347$951
20 years$2,936$2,375$1,905$1,518$1,203$830
21 years$2,767$2,212$1,753$1,378$1,076$726
22 years$2,614$2,065$1,615$1,253$965$636
23 years$2,474$1,931$1,491$1,141$866$558
24 years$2,345$1,809$1,379$1,041$779$490
25 years$2,228$1,698$1,278$951$701$430
26 years$2,119$1,596$1,185$869$631$378
27 years$2,019$1,502$1,100$795$569$333
28 years$1,926$1,415$1,023$729$513$293
29 years$1,839$1,335$952$668$464$258
30 years$1,759$1,261$887$613$419$227
31 years$1,684$1,192$827$563$379$201
32 years$1,613$1,128$771$518$343$177
33 years$1,547$1,068$720$476$310$156
34 years$1,485$1,012$673$438$281$138
35 years$1,427$960$629$403$254$121
36 years$1,372$911$588$371$230$107
37 years$1,320$865$551$342$209$95
38 years$1,271$823$516$315$189$84
39 years$1,225$782$483$291$172$74
40 years$1,181$744$453$268$156$65
41 years$1,140$708$425$247$141$58
42 years$1,100$675$398$228$128$51
43 years$1,062$643$374$211$116$45
44 years$1,027$613$351$195$106$40
45 years$992$584$329$180$96$35
46 years$960$557$309$166$87$31
47 years$929$532$291$153$79$27
48 years$899$508$273$142$72$24
49 years$871$485$257$131$65$21
50 years$844$463$241$121$59$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $864,000, adding $5,461 every year, while hoping to spend $20,039 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: 65/26/9 Blend
67$864,000$864,000$864,000$864,000
68$957,761$911,969$898,577$1,017,894
69$1,034,131$935,334$907,358$1,081,999
70$1,117,620$959,173$915,762$1,149,140
71$1,208,931$983,486$923,754$1,221,978
72$1,308,842$1,008,277$931,299$1,301,066
73$1,418,206$1,033,545$938,360$1,387,012
74$1,537,966$1,059,291$944,898$1,480,488
75$1,669,156$1,085,514$950,870$1,582,232
76$1,812,919$1,112,213$956,233$1,693,056
77$1,970,511$1,139,386$960,941$1,813,857
78$2,143,317$1,167,030$964,946$1,945,621
79$2,332,861$1,195,140$968,198$2,089,433
80$2,540,823$1,223,712$970,642$2,246,492
81$2,769,052$1,252,739$972,224$2,418,114
82$3,019,586$1,282,214$972,885$2,605,752
83$3,294,670$1,312,129$972,562$2,811,006
84$3,596,775$1,342,472$971,192$3,035,637
85$3,928,626$1,373,232$968,706$3,281,588
86$4,293,222$1,404,397$965,034$3,550,997
87$4,693,869$1,435,951$960,101$3,846,221
88$5,134,209$1,467,877$953,830$4,169,857
89$5,618,252$1,500,157$946,137$4,524,765
90$6,150,419$1,532,770$936,938$4,914,098
91$6,735,578$1,565,693$926,142$5,341,328
92$7,379,096$1,598,900$913,656$5,810,284
93$8,086,881$1,632,364$899,381$6,325,183
94$8,865,447$1,666,054$883,214$6,890,670
95$9,721,968$1,699,936$865,047$7,511,867
96$10,664,350$1,733,974$844,768$8,194,416
97$11,701,303$1,768,128$822,257$8,944,534
98$12,842,425$1,802,355$797,392$9,769,073
99$14,098,290$1,836,609$770,042$10,675,583
100$15,480,551$1,870,838$740,074$11,672,385