Can I retire at age 68 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$67,467$66,866$66,280$65,708$65,149$64,335
2 years$33,400$32,778$32,175$31,590$31,023$30,204
3 years$22,045$21,420$20,819$20,240$19,682$18,884
4 years$16,369$15,746$15,151$14,582$14,038$13,265
5 years$12,964$12,345$11,758$11,200$10,671$9,928
6 years$10,695$10,081$9,502$8,957$8,444$7,730
7 years$9,075$8,466$7,896$7,364$6,867$6,183
8 years$7,861$7,257$6,697$6,177$5,697$5,043
9 years$6,916$6,318$5,768$5,262$4,798$4,173
10 years$6,162$5,569$5,029$4,536$4,088$3,493
11 years$5,544$4,958$4,427$3,947$3,516$2,949
12 years$5,030$4,450$3,929$3,462$3,047$2,508
13 years$4,596$4,022$3,510$3,057$2,657$2,146
14 years$4,224$3,656$3,154$2,714$2,329$1,844
15 years$3,901$3,339$2,848$2,420$2,050$1,592
16 years$3,620$3,064$2,582$2,167$1,812$1,378
17 years$3,371$2,822$2,349$1,947$1,607$1,197
18 years$3,151$2,607$2,145$1,755$1,429$1,042
19 years$2,954$2,416$1,963$1,585$1,273$909
20 years$2,777$2,245$1,802$1,436$1,137$795
21 years$2,617$2,092$1,657$1,303$1,018$696
22 years$2,471$1,952$1,527$1,185$912$610
23 years$2,339$1,826$1,410$1,079$819$535
24 years$2,218$1,711$1,304$984$736$470
25 years$2,106$1,606$1,208$899$662$413
26 years$2,004$1,509$1,120$822$597$364
27 years$1,909$1,420$1,040$752$538$320
28 years$1,821$1,338$967$689$485$282
29 years$1,739$1,262$900$632$438$249
30 years$1,663$1,192$838$580$396$219
31 years$1,592$1,127$782$533$358$194
32 years$1,525$1,066$729$490$324$171
33 years$1,463$1,010$681$450$293$151
34 years$1,405$957$636$414$265$133
35 years$1,349$908$595$381$240$118
36 years$1,298$862$556$351$218$104
37 years$1,249$818$521$324$197$92
38 years$1,202$778$488$298$179$81
39 years$1,158$740$457$275$162$72
40 years$1,117$704$428$254$147$63
41 years$1,078$670$402$234$134$56
42 years$1,040$638$377$216$121$50
43 years$1,005$608$353$199$110$44
44 years$971$579$332$184$100$39
45 years$938$552$312$170$91$34
46 years$908$527$293$157$82$30
47 years$878$503$275$145$75$27
48 years$850$480$258$134$68$24
49 years$823$459$243$124$62$21
50 years$798$438$228$115$56$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $817,000, adding $4,053 every year, while hoping to spend $37,728 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: 35/38/27 Blend
67$817,000$817,000$817,000$817,000
68$904,515$861,214$848,550$928,687
69$956,633$863,271$836,834$949,148
70$1,012,803$864,164$823,461$967,518
71$1,073,397$863,797$808,336$986,605
72$1,138,827$862,067$791,359$1,006,499
73$1,209,544$858,864$772,425$1,027,302
74$1,286,041$854,072$751,426$1,049,128
75$1,368,865$847,570$728,246$1,072,107
76$1,458,614$839,225$702,767$1,096,383
77$1,555,946$828,901$674,863$1,122,122
78$1,661,585$816,450$644,404$1,149,507
79$1,776,328$801,717$611,253$1,178,746
80$1,901,051$784,538$575,267$1,210,071
81$2,036,716$764,739$536,297$1,243,743
82$2,184,385$742,135$494,186$1,280,054
83$2,345,224$716,531$448,773$1,319,331
84$2,520,516$687,720$399,886$1,361,939
85$2,711,675$655,485$347,349$1,408,286
86$2,920,255$619,592$290,974$1,458,828
87$3,147,967$579,799$230,568$1,514,075
88$3,396,697$535,846$165,929$1,574,592
89$3,668,517$487,460$96,845$1,641,012
90$3,965,712$434,351$23,095$1,714,040
91$4,290,796$376,215$0$1,794,458
92$4,646,536$312,729$0$1,899,160
93$5,035,981$243,552$0$2,021,237
94$5,462,488$168,322$0$2,155,179
95$5,929,753$86,661$0$2,302,259
96$6,441,847$0$0$2,463,887
97$7,003,253$0$0$2,642,390
98$7,618,910$0$0$2,877,997
99$8,294,255$0$0$3,136,568
100$9,035,278$0$0$3,420,411