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%11.9%
1 years$71,431$70,795$70,174$69,568$68,976$68,427
2 years$35,362$34,703$34,065$33,446$32,846$32,292
3 years$23,340$22,679$22,042$21,429$20,839$20,298
4 years$17,331$16,671$16,041$15,439$14,862$14,338
5 years$13,726$13,071$12,449$11,858$11,298$10,792
6 years$11,324$10,673$10,060$9,483$8,940$8,453
7 years$9,608$8,963$8,360$7,797$7,270$6,803
8 years$8,322$7,683$7,090$6,540$6,032$5,584
9 years$7,323$6,690$6,107$5,571$5,079$4,651
10 years$6,524$5,897$5,324$4,802$4,328$3,918
11 years$5,870$5,249$4,687$4,179$3,722$3,331
12 years$5,326$4,712$4,160$3,666$3,226$2,853
13 years$4,866$4,258$3,716$3,236$2,813$2,458
14 years$4,472$3,870$3,339$2,873$2,466$2,128
15 years$4,131$3,536$3,015$2,562$2,171$1,850
16 years$3,832$3,244$2,733$2,294$1,919$1,615
17 years$3,569$2,987$2,487$2,061$1,701$1,413
18 years$3,336$2,761$2,271$1,858$1,513$1,240
19 years$3,127$2,558$2,079$1,679$1,348$1,090
20 years$2,940$2,377$1,908$1,520$1,204$961
21 years$2,770$2,214$1,755$1,380$1,078$848
22 years$2,617$2,067$1,617$1,254$966$749
23 years$2,476$1,933$1,493$1,142$867$663
24 years$2,348$1,811$1,381$1,042$779$588
25 years$2,230$1,700$1,279$952$701$521
26 years$2,121$1,598$1,186$870$632$463
27 years$2,021$1,504$1,102$796$570$411
28 years$1,928$1,417$1,024$730$514$365
29 years$1,841$1,337$953$669$464$325
30 years$1,761$1,262$888$614$419$289
31 years$1,686$1,193$828$564$379$257
32 years$1,615$1,129$772$518$343$229
33 years$1,549$1,069$721$477$310$204
34 years$1,487$1,013$674$439$281$182
35 years$1,429$961$630$404$255$162
36 years$1,374$912$589$372$231$145
37 years$1,322$866$551$343$209$129
38 years$1,273$823$516$316$189$115
39 years$1,227$783$484$291$172$103
40 years$1,183$745$453$269$156$92
41 years$1,141$709$425$248$141$82
42 years$1,101$675$399$229$128$73
43 years$1,064$644$374$211$116$65
44 years$1,028$613$351$195$106$58
45 years$994$585$330$180$96$52
46 years$961$558$310$166$87$46
47 years$930$533$291$154$79$41
48 years$900$508$274$142$72$37
49 years$872$485$257$131$65$33
50 years$845$464$242$121$59$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $865,000, adding $5,804 every year, while hoping to spend $45,556 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: 54/25/21 Blend
67$865,000$865,000$865,000$865,000
68$959,217$913,372$899,964$1,005,221
69$1,008,586$909,656$881,642$1,033,698
70$1,061,463$904,231$861,179$1,059,414
71$1,118,160$896,965$838,455$1,086,433
72$1,179,014$887,719$813,346$1,114,893
73$1,244,401$876,344$785,720$1,144,948
74$1,314,728$862,683$755,440$1,176,773
75$1,390,445$846,570$722,362$1,210,559
76$1,472,047$827,828$686,337$1,246,521
77$1,560,074$806,270$647,209$1,284,900
78$1,655,124$781,700$604,812$1,325,963
79$1,757,851$753,907$558,978$1,370,007
80$1,868,973$722,670$509,525$1,417,364
81$1,989,283$687,755$456,268$1,468,402
82$2,119,649$648,914$399,012$1,523,532
83$2,261,027$605,885$337,553$1,583,210
84$2,414,468$558,390$271,678$1,647,943
85$2,581,129$506,137$201,165$1,718,293
86$2,762,282$448,815$125,781$1,794,887
87$2,959,326$386,098$45,286$1,878,418
88$3,173,800$317,639$0$1,969,657
89$3,407,397$243,074$0$2,078,561
90$3,661,983$162,015$0$2,208,397
91$3,939,608$74,056$0$2,350,121
92$4,242,530$0$0$2,504,964
93$4,573,233$0$0$2,680,124
94$4,934,455$0$0$2,893,778
95$5,329,206$0$0$3,127,344
96$5,760,802$0$0$3,382,794
97$6,232,893$0$0$3,662,297
98$6,749,498$0$0$3,968,245
99$7,315,044$0$0$4,303,271
100$7,934,405$0$0$4,670,272