Can I retire at age 68 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$66,394$65,802$65,225$64,662$64,112$63,180
2 years$32,868$32,256$31,663$31,088$30,530$29,593
3 years$21,694$21,080$20,488$19,918$19,369$18,456
4 years$16,109$15,496$14,910$14,350$13,814$12,933
5 years$12,758$12,149$11,571$11,022$10,501$9,653
6 years$10,525$9,920$9,351$8,814$8,309$7,496
7 years$8,931$8,331$7,771$7,247$6,758$5,979
8 years$7,736$7,141$6,590$6,079$5,606$4,863
9 years$6,806$6,218$5,676$5,178$4,721$4,012
10 years$6,063$5,481$4,949$4,464$4,023$3,348
11 years$5,456$4,879$4,357$3,885$3,460$2,818
12 years$4,950$4,379$3,866$3,407$2,998$2,389
13 years$4,523$3,958$3,454$3,008$2,614$2,037
14 years$4,156$3,597$3,104$2,670$2,292$1,745
15 years$3,839$3,286$2,802$2,381$2,018$1,501
16 years$3,562$3,015$2,541$2,132$1,783$1,295
17 years$3,318$2,777$2,312$1,916$1,581$1,121
18 years$3,101$2,566$2,110$1,727$1,406$972
19 years$2,907$2,378$1,932$1,560$1,253$845
20 years$2,733$2,210$1,773$1,413$1,119$736
21 years$2,575$2,058$1,631$1,282$1,002$642
22 years$2,432$1,921$1,503$1,166$898$561
23 years$2,302$1,797$1,388$1,062$806$490
24 years$2,182$1,684$1,284$969$724$429
25 years$2,073$1,580$1,189$884$652$376
26 years$1,972$1,485$1,103$809$587$329
27 years$1,878$1,398$1,024$740$529$289
28 years$1,792$1,317$952$678$478$253
29 years$1,712$1,242$886$622$431$222
30 years$1,637$1,173$825$571$390$195
31 years$1,567$1,109$769$524$352$172
32 years$1,501$1,049$718$482$319$151
33 years$1,440$994$670$443$288$133
34 years$1,382$942$626$408$261$117
35 years$1,328$893$585$375$237$103
36 years$1,277$848$548$346$214$90
37 years$1,229$805$513$318$194$79
38 years$1,183$765$480$293$176$70
39 years$1,140$728$450$271$160$62
40 years$1,099$692$421$250$145$54
41 years$1,060$659$395$230$131$48
42 years$1,024$628$371$213$119$42
43 years$989$598$348$196$108$37
44 years$955$570$327$181$98$33
45 years$924$544$307$167$89$29
46 years$893$519$288$155$81$25
47 years$864$495$271$143$74$22
48 years$837$473$254$132$67$20
49 years$810$451$239$122$61$17
50 years$785$431$225$113$55$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $804,000, adding $5,121 every year, while hoping to spend $32,874 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: 69/23/8 Blend
67$804,000$804,000$804,000$804,000
68$891,290$848,678$836,216$951,173
69$947,224$855,286$829,252$998,117
70$1,007,762$861,115$820,952$1,044,962
71$1,073,337$866,094$811,238$1,095,318
72$1,144,429$870,144$800,026$1,149,524
73$1,221,564$873,184$787,230$1,207,953
74$1,305,318$875,125$772,757$1,271,015
75$1,396,329$875,875$756,513$1,339,165
76$1,495,296$875,334$738,398$1,412,901
77$1,602,989$873,398$718,306$1,492,776
78$1,720,254$869,955$696,130$1,579,397
79$1,848,024$864,886$671,754$1,673,435
80$1,987,324$858,067$645,060$1,775,630
81$2,139,283$849,364$615,921$1,886,798
82$2,305,143$838,636$584,207$2,007,839
83$2,486,272$825,734$549,782$2,139,745
84$2,684,175$810,498$512,503$2,283,612
85$2,900,509$792,761$472,221$2,440,647
86$3,137,100$772,345$428,779$2,612,181
87$3,395,957$749,063$382,016$2,799,684
88$3,679,291$722,714$331,760$3,004,776
89$3,989,540$693,087$277,835$3,229,244
90$4,329,385$659,961$220,055$3,475,058
91$4,701,781$623,098$158,225$3,744,393
92$5,109,981$582,248$92,145$4,039,645
93$5,557,570$537,149$21,602$4,363,458
94$6,048,493$487,520$0$4,718,748
95$6,587,098$433,067$0$5,113,313
96$7,178,173$373,478$0$5,548,382
97$7,826,992$308,424$0$6,026,039
98$8,539,365$237,557$0$6,550,620
99$9,321,692$160,508$0$7,126,900
100$10,181,022$76,891$0$7,760,148