Can I retire at age 68 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$67,137$66,539$65,955$65,386$64,830$63,967
2 years$33,236$32,617$32,017$31,435$30,871$30,003
3 years$21,937$21,316$20,717$20,141$19,586$18,740
4 years$16,289$15,669$15,077$14,510$13,969$13,151
5 years$12,901$12,285$11,700$11,145$10,619$9,832
6 years$10,643$10,032$9,456$8,913$8,402$7,647
7 years$9,031$8,424$7,858$7,328$6,833$6,110
8 years$7,822$7,221$6,664$6,147$5,669$4,978
9 years$6,883$6,287$5,740$5,236$4,774$4,114
10 years$6,131$5,542$5,004$4,514$4,068$3,439
11 years$5,517$4,934$4,405$3,928$3,498$2,900
12 years$5,006$4,428$3,910$3,446$3,032$2,463
13 years$4,573$4,002$3,493$3,042$2,644$2,105
14 years$4,203$3,638$3,138$2,700$2,317$1,807
15 years$3,882$3,323$2,834$2,408$2,040$1,557
16 years$3,602$3,049$2,569$2,156$1,803$1,347
17 years$3,355$2,808$2,338$1,937$1,599$1,168
18 years$3,135$2,595$2,134$1,746$1,422$1,015
19 years$2,939$2,405$1,954$1,578$1,267$885
20 years$2,763$2,234$1,793$1,429$1,132$772
21 years$2,604$2,081$1,649$1,297$1,013$675
22 years$2,459$1,943$1,520$1,179$908$591
23 years$2,328$1,817$1,403$1,074$815$517
24 years$2,207$1,703$1,298$979$733$454
25 years$2,096$1,598$1,202$894$659$398
26 years$1,994$1,502$1,115$818$594$350
27 years$1,900$1,413$1,035$749$535$308
28 years$1,812$1,332$962$686$483$271
29 years$1,731$1,256$896$629$436$238
30 years$1,655$1,186$834$577$394$210
31 years$1,584$1,122$778$530$356$185
32 years$1,518$1,061$726$487$322$163
33 years$1,456$1,005$678$448$292$144
34 years$1,398$952$633$412$264$127
35 years$1,343$903$592$379$239$112
36 years$1,291$857$554$349$217$98
37 years$1,242$814$518$322$196$87
38 years$1,196$774$485$297$178$77
39 years$1,153$736$455$274$161$68
40 years$1,111$700$426$252$146$60
41 years$1,072$667$400$233$133$53
42 years$1,035$635$375$215$121$46
43 years$1,000$605$352$198$109$41
44 years$966$577$330$183$99$36
45 years$934$550$310$169$90$32
46 years$903$524$291$156$82$28
47 years$874$500$274$144$74$25
48 years$846$478$257$133$68$22
49 years$819$456$242$123$61$19
50 years$794$436$227$114$56$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $813,000, adding $5,051 every year, while hoping to spend $59,831 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: 42/43/15 Blend
67$813,000$813,000$813,000$813,000
68$901,136$858,047$845,446$934,827
69$929,392$836,432$810,108$937,425
70$958,525$811,752$771,582$933,942
71$988,561$783,794$729,696$928,882
72$1,019,528$752,333$684,274$922,129
73$1,051,452$717,130$635,130$913,558
74$1,084,362$677,931$582,068$903,040
75$1,118,287$634,470$524,888$890,435
76$1,153,257$586,464$463,377$875,597
77$1,189,303$533,614$397,313$858,372
78$1,226,455$475,605$326,467$838,595
79$1,264,746$412,102$250,596$816,094
80$1,304,208$342,753$169,449$790,687
81$1,344,875$267,185$82,763$762,179
82$1,386,780$185,005$0$730,366
83$1,429,959$95,798$0$696,593
84$1,474,446$0$0$673,310
85$1,520,278$0$0$647,479
86$1,567,491$0$0$667,562
87$1,616,123$0$0$688,246
88$1,666,210$0$0$709,546
89$1,717,791$0$0$731,478
90$1,770,905$0$0$754,058
91$1,825,590$0$0$777,302
92$1,881,886$0$0$801,227
93$1,939,832$0$0$825,849
94$1,999,467$0$0$851,183
95$2,060,830$0$0$877,245
96$2,123,962$0$0$904,053
97$2,188,900$0$0$931,620
98$2,255,683$0$0$959,963
99$2,324,348$0$0$989,096
100$2,394,933$0$0$1,019,034