Can I retire at age 68 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$66,889$66,293$65,712$65,145$64,591$63,521
2 years$33,113$32,497$31,899$31,319$30,757$29,682
3 years$21,856$21,237$20,641$20,067$19,514$18,467
4 years$16,229$15,611$15,021$14,457$13,917$12,908
5 years$12,853$12,240$11,657$11,104$10,580$9,610
6 years$10,604$9,994$9,421$8,880$8,371$7,442
7 years$8,997$8,393$7,829$7,301$6,808$5,920
8 years$7,793$7,195$6,639$6,125$5,648$4,800
9 years$6,857$6,264$5,718$5,217$4,756$3,949
10 years$6,109$5,522$4,985$4,497$4,053$3,285
11 years$5,497$4,916$4,389$3,914$3,486$2,756
12 years$4,987$4,412$3,895$3,433$3,020$2,329
13 years$4,556$3,987$3,480$3,031$2,634$1,980
14 years$4,187$3,624$3,127$2,690$2,309$1,690
15 years$3,868$3,311$2,823$2,399$2,033$1,449
16 years$3,589$3,038$2,560$2,148$1,797$1,246
17 years$3,342$2,797$2,329$1,930$1,593$1,074
18 years$3,124$2,585$2,126$1,739$1,416$929
19 years$2,929$2,396$1,946$1,572$1,263$804
20 years$2,753$2,226$1,786$1,424$1,128$698
21 years$2,594$2,074$1,643$1,292$1,009$606
22 years$2,450$1,936$1,514$1,175$905$527
23 years$2,319$1,810$1,398$1,070$812$459
24 years$2,199$1,696$1,293$976$730$400
25 years$2,088$1,592$1,198$891$657$349
26 years$1,987$1,496$1,111$815$592$305
27 years$1,892$1,408$1,031$746$533$266
28 years$1,805$1,327$959$683$481$233
29 years$1,724$1,252$892$627$435$204
30 years$1,649$1,182$831$575$393$178
31 years$1,578$1,117$775$528$355$156
32 years$1,512$1,057$723$485$321$136
33 years$1,451$1,001$675$446$291$119
34 years$1,393$949$631$411$263$105
35 years$1,338$900$590$378$238$92
36 years$1,286$854$552$348$216$80
37 years$1,238$811$516$321$196$70
38 years$1,192$771$484$296$177$62
39 years$1,149$733$453$273$161$54
40 years$1,107$698$425$251$146$47
41 years$1,068$664$398$232$132$41
42 years$1,031$632$373$214$120$36
43 years$996$603$350$198$109$32
44 years$962$574$329$183$99$28
45 years$930$548$309$169$90$25
46 years$900$523$290$156$82$22
47 years$871$499$273$144$74$19
48 years$843$476$256$133$67$17
49 years$816$455$241$123$61$15
50 years$791$434$226$114$55$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $810,000, adding $6,475 every year, while hoping to spend $30,864 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: 40/45/15 Blend
67$810,000$810,000$810,000$810,000
68$899,299$856,369$843,814$931,019
69$958,188$865,492$839,243$963,257
70$1,022,050$874,028$833,484$994,614
71$1,091,359$881,914$826,465$1,027,873
72$1,166,636$889,087$818,110$1,063,221
73$1,248,457$895,476$808,341$1,100,866
74$1,337,452$901,007$797,073$1,141,038
75$1,434,316$905,601$784,219$1,183,994
76$1,539,815$909,174$769,689$1,230,016
77$1,654,790$911,637$753,387$1,279,420
78$1,780,166$912,894$735,213$1,332,552
79$1,916,963$912,846$715,063$1,389,798
80$2,066,303$911,385$692,827$1,451,586
81$2,229,420$908,398$668,391$1,518,389
82$2,407,675$903,763$641,636$1,590,730
83$2,602,563$897,353$612,436$1,669,189
84$2,815,733$889,032$580,662$1,754,409
85$3,049,000$878,656$546,176$1,847,101
86$3,304,360$866,073$508,835$1,948,050
87$3,584,015$851,120$468,491$2,058,128
88$3,890,386$833,627$424,987$2,178,298
89$4,226,143$813,412$378,162$2,309,624
90$4,594,224$790,284$327,844$2,453,286
91$4,997,865$764,037$273,857$2,610,587
92$5,440,630$734,458$216,014$2,782,967
93$5,926,447$701,319$154,123$2,972,020
94$6,459,639$664,379$87,981$3,179,508
95$7,044,971$623,382$17,377$3,407,377
96$7,687,689$578,059$0$3,657,779
97$8,393,576$528,126$0$3,942,370
98$9,168,997$473,281$0$4,258,071
99$10,020,969$413,206$0$4,605,040
100$10,957,219$347,564$0$4,986,524