Can I retire at age 68 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$67,550$66,948$66,361$65,788$65,228$63,964
2 years$33,440$32,818$32,214$31,629$31,061$29,792
3 years$22,072$21,447$20,845$20,265$19,706$18,473
4 years$16,389$15,766$15,170$14,600$14,055$12,866
5 years$12,980$12,360$11,772$11,214$10,684$9,543
6 years$10,708$10,093$9,514$8,968$8,454$7,363
7 years$9,086$8,476$7,906$7,373$6,875$5,834
8 years$7,870$7,266$6,705$6,185$5,704$4,711
9 years$6,925$6,326$5,775$5,268$4,803$3,860
10 years$6,169$5,576$5,035$4,541$4,093$3,197
11 years$5,551$4,964$4,432$3,952$3,520$2,671
12 years$5,036$4,456$3,934$3,467$3,050$2,247
13 years$4,601$4,027$3,514$3,061$2,660$1,901
14 years$4,229$3,660$3,158$2,717$2,332$1,615
15 years$3,906$3,343$2,851$2,423$2,053$1,378
16 years$3,624$3,068$2,585$2,169$1,814$1,179
17 years$3,375$2,825$2,352$1,949$1,609$1,012
18 years$3,155$2,611$2,147$1,757$1,430$870
19 years$2,957$2,419$1,966$1,587$1,275$750
20 years$2,780$2,248$1,804$1,438$1,139$647
21 years$2,620$2,094$1,659$1,305$1,019$559
22 years$2,474$1,955$1,529$1,186$914$484
23 years$2,342$1,828$1,412$1,080$820$419
24 years$2,220$1,713$1,306$985$737$363
25 years$2,109$1,608$1,210$900$663$315
26 years$2,006$1,511$1,122$823$597$274
27 years$1,911$1,422$1,042$753$539$238
28 years$1,823$1,340$968$690$486$206
29 years$1,741$1,264$901$633$439$180
30 years$1,665$1,194$839$581$397$156
31 years$1,594$1,128$783$533$359$136
32 years$1,527$1,068$730$490$324$118
33 years$1,465$1,011$682$451$293$103
34 years$1,406$958$637$415$266$90
35 years$1,351$909$596$382$241$78
36 years$1,299$863$557$352$218$68
37 years$1,250$819$521$324$198$59
38 years$1,204$779$488$299$179$52
39 years$1,160$741$457$275$162$45
40 years$1,118$705$429$254$147$39
41 years$1,079$671$402$234$134$34
42 years$1,041$639$377$216$121$30
43 years$1,006$609$354$200$110$26
44 years$972$580$332$184$100$23
45 years$940$553$312$170$91$20
46 years$909$528$293$157$82$17
47 years$879$504$275$145$75$15
48 years$851$481$259$134$68$13
49 years$824$459$243$124$62$11
50 years$799$439$229$115$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $818,000, adding $2,530 every year, while hoping to spend $38,897 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: 74/6/20 Blend
67$818,000$818,000$818,000$818,000
68$904,046$860,692$848,013$966,465
69$954,872$861,479$835,035$1,009,025
70$1,009,579$861,002$820,319$1,050,677
71$1,068,522$859,157$803,765$1,095,320
72$1,132,090$855,834$785,270$1,143,244
73$1,200,711$850,917$764,724$1,194,769
74$1,274,855$844,284$742,014$1,250,246
75$1,355,039$835,804$717,021$1,310,064
76$1,441,833$825,337$689,620$1,374,654
77$1,535,859$812,738$659,682$1,444,487
78$1,637,805$797,851$627,070$1,520,086
79$1,748,426$780,511$591,642$1,602,028
80$1,868,553$760,543$553,249$1,690,948
81$1,999,100$737,764$511,737$1,787,548
82$2,141,070$711,976$466,943$1,892,601
83$2,295,571$682,975$418,696$2,006,961
84$2,463,818$650,539$366,822$2,131,571
85$2,647,150$614,439$311,133$2,267,468
86$2,847,041$574,428$251,438$2,415,800
87$3,065,112$530,248$187,534$2,577,831
88$3,303,149$481,624$119,211$2,754,956
89$3,563,114$428,269$46,249$2,948,714
90$3,847,172$369,874$0$3,160,801
91$4,157,704$306,118$0$3,399,837
92$4,497,331$236,659$0$3,672,110
93$4,868,939$161,135$0$3,970,072
94$5,275,707$79,167$0$4,296,290
95$5,721,134$0$0$4,653,593
96$6,209,075$0$0$5,045,734
97$6,743,774$0$0$5,481,215
98$7,329,906$0$0$5,958,620
99$7,972,619$0$0$6,482,148
100$8,677,583$0$0$7,056,422