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%18.8%
1 years$66,394$65,802$65,225$64,662$64,112$61,837
2 years$32,868$32,256$31,663$31,088$30,530$28,262
3 years$21,694$21,080$20,488$19,918$19,369$17,180
4 years$16,109$15,496$14,910$14,350$13,814$11,720
5 years$12,758$12,149$11,571$11,022$10,501$8,508
6 years$10,525$9,920$9,351$8,814$8,309$6,418
7 years$8,931$8,331$7,771$7,247$6,758$4,969
8 years$7,736$7,141$6,590$6,079$5,606$3,917
9 years$6,806$6,218$5,676$5,178$4,721$3,131
10 years$6,063$5,481$4,949$4,464$4,023$2,527
11 years$5,456$4,879$4,357$3,885$3,460$2,057
12 years$4,950$4,379$3,866$3,407$2,998$1,684
13 years$4,523$3,958$3,454$3,008$2,614$1,386
14 years$4,156$3,597$3,104$2,670$2,292$1,145
15 years$3,839$3,286$2,802$2,381$2,018$949
16 years$3,562$3,015$2,541$2,132$1,783$789
17 years$3,318$2,777$2,312$1,916$1,581$657
18 years$3,101$2,566$2,110$1,727$1,406$548
19 years$2,907$2,378$1,932$1,560$1,253$458
20 years$2,733$2,210$1,773$1,413$1,119$383
21 years$2,575$2,058$1,631$1,282$1,002$321
22 years$2,432$1,921$1,503$1,166$898$269
23 years$2,302$1,797$1,388$1,062$806$225
24 years$2,182$1,684$1,284$969$724$189
25 years$2,073$1,580$1,189$884$652$159
26 years$1,972$1,485$1,103$809$587$133
27 years$1,878$1,398$1,024$740$529$112
28 years$1,792$1,317$952$678$478$94
29 years$1,712$1,242$886$622$431$79
30 years$1,637$1,173$825$571$390$67
31 years$1,567$1,109$769$524$352$56
32 years$1,501$1,049$718$482$319$47
33 years$1,440$994$670$443$288$40
34 years$1,382$942$626$408$261$33
35 years$1,328$893$585$375$237$28
36 years$1,277$848$548$346$214$24
37 years$1,229$805$513$318$194$20
38 years$1,183$765$480$293$176$17
39 years$1,140$728$450$271$160$14
40 years$1,099$692$421$250$145$12
41 years$1,060$659$395$230$131$10
42 years$1,024$628$371$213$119$8
43 years$989$598$348$196$108$7
44 years$955$570$327$181$98$6
45 years$924$544$307$167$89$5
46 years$893$519$288$155$81$4
47 years$864$495$271$143$74$4
48 years$837$473$254$132$67$3
49 years$810$451$239$122$61$3
50 years$785$431$225$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $804,000, adding $4,929 every year, while hoping to spend $42,455 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: 58/14/28 Blend
67$804,000$804,000$804,000$804,000
68$891,092$848,480$836,018$935,702
69$936,812$844,884$818,853$963,218
70$985,772$839,689$799,690$988,310
71$1,038,258$832,771$778,417$1,014,796
72$1,094,584$824,000$754,918$1,042,823
73$1,155,094$813,238$729,069$1,072,556
74$1,220,164$800,338$700,744$1,104,177
75$1,290,211$785,144$669,809$1,137,889
76$1,365,688$767,492$636,123$1,173,920
77$1,447,096$747,206$599,541$1,212,521
78$1,534,983$724,104$559,909$1,253,971
79$1,629,955$697,988$517,069$1,298,582
80$1,732,673$668,652$470,854$1,346,700
81$1,843,867$635,877$421,089$1,398,707
82$1,964,338$599,432$367,592$1,455,030
83$2,094,968$559,071$310,174$1,516,140
84$2,236,725$514,536$248,635$1,582,563
85$2,390,676$465,554$182,769$1,654,880
86$2,557,993$411,833$112,360$1,733,734
87$2,739,965$353,070$37,181$1,819,840
88$2,938,012$288,941$0$1,913,989
89$3,153,694$219,105$0$2,029,920
90$3,388,730$143,200$0$2,168,432
91$3,645,011$60,847$0$2,319,558
92$3,924,617$0$0$2,484,568
93$4,229,839$0$0$2,669,232
94$4,563,199$0$0$2,881,222
95$4,927,472$0$0$3,112,935
96$5,325,713$0$0$3,366,325
97$5,761,288$0$0$3,643,541
98$6,237,901$0$0$3,946,949
99$6,759,630$0$0$4,279,156
100$7,330,968$0$0$4,643,030