Can I retire at age 68 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$68,706$68,094$67,497$66,914$66,345$64,926
2 years$34,013$33,379$32,765$32,170$31,593$30,170
3 years$22,450$21,814$21,201$20,612$20,044$18,662
4 years$16,670$16,035$15,429$14,850$14,295$12,965
5 years$13,202$12,572$11,974$11,406$10,867$9,591
6 years$10,892$10,266$9,677$9,121$8,599$7,380
7 years$9,242$8,621$8,041$7,499$6,993$5,831
8 years$8,005$7,390$6,820$6,291$5,801$4,695
9 years$7,043$6,434$5,874$5,358$4,886$3,835
10 years$6,275$5,672$5,121$4,619$4,163$3,167
11 years$5,646$5,049$4,508$4,020$3,580$2,637
12 years$5,123$4,532$4,001$3,526$3,103$2,211
13 years$4,680$4,095$3,575$3,113$2,705$1,864
14 years$4,301$3,723$3,212$2,763$2,372$1,579
15 years$3,973$3,401$2,900$2,464$2,088$1,342
16 years$3,686$3,120$2,629$2,207$1,845$1,145
17 years$3,433$2,873$2,392$1,983$1,636$979
18 years$3,209$2,655$2,184$1,787$1,455$839
19 years$3,008$2,461$1,999$1,614$1,297$720
20 years$2,828$2,287$1,835$1,462$1,158$619
21 years$2,665$2,130$1,688$1,327$1,037$533
22 years$2,517$1,988$1,555$1,207$929$459
23 years$2,382$1,860$1,436$1,099$834$396
24 years$2,258$1,742$1,328$1,002$750$342
25 years$2,145$1,635$1,230$915$675$296
26 years$2,041$1,537$1,141$837$608$256
27 years$1,944$1,446$1,060$766$548$221
28 years$1,854$1,363$985$702$494$191
29 years$1,771$1,286$917$644$446$166
30 years$1,694$1,214$854$591$403$144
31 years$1,621$1,148$796$542$365$124
32 years$1,553$1,086$743$499$330$108
33 years$1,490$1,028$693$458$299$93
34 years$1,430$975$648$422$270$81
35 years$1,374$925$606$388$245$70
36 years$1,321$878$567$358$222$61
37 years$1,272$833$530$330$201$53
38 years$1,224$792$497$304$182$46
39 years$1,180$753$465$280$165$40
40 years$1,137$717$436$258$150$34
41 years$1,097$682$409$238$136$30
42 years$1,059$650$384$220$123$26
43 years$1,023$619$360$203$112$23
44 years$989$590$338$187$102$20
45 years$956$563$317$173$92$17
46 years$924$537$298$160$84$15
47 years$894$512$280$148$76$13
48 years$866$489$263$137$69$11
49 years$838$467$247$126$63$10
50 years$812$446$232$117$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $832,000, adding $2,542 every year, while hoping to spend $25,006 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: 45/38/17 Blend
67$832,000$832,000$832,000$832,000
68$919,486$875,390$862,494$956,273
69$986,667$891,678$864,781$998,535
70$1,059,863$907,926$866,307$1,041,636
71$1,139,661$924,106$867,020$1,087,843
72$1,226,705$940,186$866,865$1,137,454
73$1,321,709$956,135$865,784$1,190,799
74$1,425,454$971,916$863,719$1,248,241
75$1,538,803$987,493$860,606$1,310,181
76$1,662,703$1,002,822$856,379$1,377,062
77$1,798,201$1,017,862$850,969$1,449,373
78$1,946,444$1,032,565$844,303$1,527,652
79$2,108,701$1,046,880$836,307$1,612,494
80$2,286,365$1,060,753$826,900$1,704,556
81$2,480,972$1,074,128$815,999$1,804,560
82$2,694,213$1,086,942$803,516$1,913,306
83$2,927,950$1,099,129$789,361$2,031,676
84$3,184,234$1,110,620$773,439$2,160,641
85$3,465,325$1,121,340$755,648$2,301,275
86$3,773,711$1,131,208$735,885$2,454,762
87$4,112,132$1,140,140$714,039$2,622,407
88$4,483,607$1,148,045$689,998$2,805,651
89$4,891,463$1,154,826$663,640$3,006,085
90$5,339,360$1,160,381$634,840$3,225,461
91$5,831,336$1,164,601$603,469$3,465,715
92$6,371,836$1,167,370$569,388$3,728,981
93$6,965,756$1,168,563$532,455$4,017,613
94$7,618,491$1,168,052$492,521$4,334,208
95$8,335,986$1,165,695$449,429$4,681,631
96$9,124,788$1,161,345$403,017$5,063,042
97$9,992,112$1,154,847$353,113$5,481,926
98$10,945,906$1,146,032$299,540$5,942,126
99$11,994,926$1,134,726$242,113$6,447,883
100$13,148,821$1,120,740$180,637$7,003,873