Can I retire at age 68 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$66,063$65,475$64,901$64,340$63,793$63,444
2 years$32,705$32,095$31,505$30,933$30,378$30,026
3 years$21,586$20,975$20,386$19,819$19,273$18,929
4 years$16,029$15,419$14,836$14,278$13,746$13,412
5 years$12,695$12,088$11,513$10,967$10,449$10,127
6 years$10,473$9,871$9,304$8,771$8,268$7,957
7 years$8,886$8,290$7,732$7,211$6,724$6,425
8 years$7,697$7,106$6,557$6,049$5,578$5,292
9 years$6,773$6,187$5,648$5,152$4,698$4,423
10 years$6,033$5,453$4,924$4,441$4,003$3,740
11 years$5,429$4,855$4,335$3,865$3,442$3,191
12 years$4,926$4,357$3,847$3,390$2,983$2,743
13 years$4,500$3,938$3,437$2,993$2,601$2,372
14 years$4,136$3,579$3,088$2,657$2,280$2,062
15 years$3,820$3,270$2,788$2,370$2,008$1,800
16 years$3,544$3,000$2,528$2,122$1,775$1,577
17 years$3,301$2,763$2,300$1,906$1,573$1,386
18 years$3,085$2,553$2,100$1,718$1,399$1,221
19 years$2,892$2,366$1,922$1,552$1,247$1,079
20 years$2,719$2,199$1,764$1,406$1,114$955
21 years$2,562$2,048$1,623$1,276$997$846
22 years$2,420$1,912$1,496$1,160$893$751
23 years$2,290$1,788$1,381$1,057$802$668
24 years$2,172$1,675$1,277$964$721$595
25 years$2,063$1,572$1,183$880$649$530
26 years$1,962$1,478$1,097$805$584$472
27 years$1,869$1,391$1,019$737$527$422
28 years$1,783$1,310$947$675$475$377
29 years$1,703$1,236$881$619$429$337
30 years$1,628$1,167$821$568$388$301
31 years$1,559$1,104$765$522$351$269
32 years$1,494$1,044$714$479$317$241
33 years$1,433$989$667$441$287$216
34 years$1,375$937$623$406$260$193
35 years$1,321$889$582$373$235$173
36 years$1,271$844$545$344$213$155
37 years$1,223$801$510$317$193$139
38 years$1,177$762$478$292$175$125
39 years$1,134$724$447$269$159$112
40 years$1,094$689$419$248$144$100
41 years$1,055$656$393$229$131$90
42 years$1,019$625$369$211$119$81
43 years$984$595$346$195$108$73
44 years$951$567$325$180$98$65
45 years$919$541$305$166$89$58
46 years$889$516$287$154$81$52
47 years$860$492$269$142$73$47
48 years$833$470$253$131$66$42
49 years$806$449$238$121$60$38
50 years$781$429$224$112$55$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $800,000, adding $4,478 every year, while hoping to spend $46,436 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: 37/41/22 Blend
67$800,000$800,000$800,000$800,000
68$886,219$843,819$831,419$913,004
69$927,206$835,759$809,864$924,871
70$970,817$825,747$786,031$933,029
71$1,017,271$813,639$759,793$940,902
72$1,066,808$799,282$731,021$948,491
73$1,119,689$782,514$699,577$955,803
74$1,176,202$763,162$665,318$962,848
75$1,236,662$741,044$628,094$969,642
76$1,301,414$715,968$587,747$976,208
77$1,370,837$687,730$544,116$982,575
78$1,445,347$656,113$497,028$988,782
79$1,525,400$620,890$446,306$994,874
80$1,611,495$581,818$391,762$1,000,911
81$1,704,183$538,643$333,202$1,006,963
82$1,804,068$491,094$270,422$1,013,112
83$1,911,811$438,886$203,209$1,019,459
84$2,028,142$381,717$131,343$1,026,120
85$2,153,860$319,269$54,590$1,033,233
86$2,289,845$251,205$0$1,040,955
87$2,437,064$177,168$0$1,055,884
88$2,596,579$96,784$0$1,085,911
89$2,769,559$9,656$0$1,118,514
90$2,957,289$0$0$1,154,036
91$3,161,183$0$0$1,231,047
92$3,382,795$0$0$1,319,584
93$3,623,835$0$0$1,415,984
94$3,886,184$0$0$1,521,014
95$4,171,914$0$0$1,635,517
96$4,483,303$0$0$1,760,418
97$4,822,858$0$0$1,896,738
98$5,193,339$0$0$2,045,601
99$5,597,782$0$0$2,208,243
100$6,039,533$0$0$2,386,026