Can I retire at age 68 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$71,431$70,795$70,174$69,568$68,976$66,450
2 years$35,362$34,703$34,065$33,446$32,846$30,328
3 years$23,340$22,679$22,042$21,429$20,839$18,410
4 years$17,331$16,671$16,041$15,439$14,862$12,540
5 years$13,726$13,071$12,449$11,858$11,298$9,089
6 years$11,324$10,673$10,060$9,483$8,940$6,845
7 years$9,608$8,963$8,360$7,797$7,270$5,290
8 years$8,322$7,683$7,090$6,540$6,032$4,163
9 years$7,323$6,690$6,107$5,571$5,079$3,321
10 years$6,524$5,897$5,324$4,802$4,328$2,676
11 years$5,870$5,249$4,687$4,179$3,722$2,173
12 years$5,326$4,712$4,160$3,666$3,226$1,776
13 years$4,866$4,258$3,716$3,236$2,813$1,459
14 years$4,472$3,870$3,339$2,873$2,466$1,202
15 years$4,131$3,536$3,015$2,562$2,171$995
16 years$3,832$3,244$2,733$2,294$1,919$825
17 years$3,569$2,987$2,487$2,061$1,701$685
18 years$3,336$2,761$2,271$1,858$1,513$570
19 years$3,127$2,558$2,079$1,679$1,348$476
20 years$2,940$2,377$1,908$1,520$1,204$397
21 years$2,770$2,214$1,755$1,380$1,078$332
22 years$2,617$2,067$1,617$1,254$966$277
23 years$2,476$1,933$1,493$1,142$867$232
24 years$2,348$1,811$1,381$1,042$779$194
25 years$2,230$1,700$1,279$952$701$163
26 years$2,121$1,598$1,186$870$632$136
27 years$2,021$1,504$1,102$796$570$114
28 years$1,928$1,417$1,024$730$514$96
29 years$1,841$1,337$953$669$464$80
30 years$1,761$1,262$888$614$419$67
31 years$1,686$1,193$828$564$379$57
32 years$1,615$1,129$772$518$343$47
33 years$1,549$1,069$721$477$310$40
34 years$1,487$1,013$674$439$281$33
35 years$1,429$961$630$404$255$28
36 years$1,374$912$589$372$231$24
37 years$1,322$866$551$343$209$20
38 years$1,273$823$516$316$189$17
39 years$1,227$783$484$291$172$14
40 years$1,183$745$453$269$156$12
41 years$1,141$709$425$248$141$10
42 years$1,101$675$399$229$128$8
43 years$1,064$644$374$211$116$7
44 years$1,028$613$351$195$106$6
45 years$994$585$330$180$96$5
46 years$961$558$310$166$87$4
47 years$930$533$291$154$79$3
48 years$900$508$274$142$72$3
49 years$872$485$257$131$65$2
50 years$845$464$242$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $865,000, adding $3,156 every year, while hoping to spend $52,451 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: 29/47/24 Blend
67$865,000$865,000$865,000$865,000
68$956,485$910,640$897,233$976,999
69$998,239$899,454$871,483$982,023
70$1,042,495$885,962$843,112$982,583
71$1,089,450$869,996$811,978$982,105
72$1,139,325$851,376$777,930$980,532
73$1,192,358$829,915$740,812$977,810
74$1,248,810$805,413$700,460$973,882
75$1,308,967$777,656$656,704$968,693
76$1,373,142$746,423$609,365$962,190
77$1,441,680$711,474$558,256$954,318
78$1,514,955$672,560$503,181$945,026
79$1,593,381$629,416$443,938$934,263
80$1,677,408$581,760$380,313$921,985
81$1,767,534$529,297$312,083$908,148
82$1,864,302$471,712$239,018$892,713
83$1,968,310$408,674$160,874$875,650
84$2,080,213$339,835$77,398$856,930
85$2,200,730$264,822$0$836,539
86$2,330,653$183,247$0$817,458
87$2,470,850$94,696$0$818,046
88$2,622,274$0$0$818,550
89$2,785,975$0$0$819,734
90$2,963,104$0$0$874,117
91$3,154,929$0$0$933,126
92$3,362,842$0$0$997,204
93$3,588,375$0$0$1,066,839
94$3,833,211$0$0$1,142,566
95$4,099,204$0$0$1,224,974
96$4,388,390$0$0$1,314,714
97$4,703,012$0$0$1,412,497
98$5,045,537$0$0$1,519,111
99$5,418,677$0$0$1,635,419
100$5,825,421$0$0$1,762,373