Can I retire at age 68 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$70,110$69,485$68,876$68,281$67,700$65,665
2 years$34,708$34,061$33,435$32,827$32,238$30,205
3 years$22,909$22,259$21,635$21,033$20,453$18,485
4 years$17,010$16,363$15,744$15,153$14,587$12,700
5 years$13,472$12,829$12,218$11,639$11,089$9,288
6 years$11,114$10,476$9,874$9,308$8,774$7,061
7 years$9,431$8,797$8,206$7,652$7,136$5,510
8 years$8,168$7,541$6,959$6,419$5,920$4,380
9 years$7,187$6,566$5,994$5,468$4,985$3,530
10 years$6,403$5,787$5,225$4,713$4,248$2,875
11 years$5,761$5,152$4,600$4,102$3,653$2,361
12 years$5,227$4,624$4,083$3,598$3,166$1,951
13 years$4,776$4,179$3,648$3,177$2,761$1,621
14 years$4,389$3,799$3,277$2,820$2,420$1,352
15 years$4,054$3,470$2,959$2,515$2,131$1,132
16 years$3,761$3,184$2,683$2,252$1,883$950
17 years$3,503$2,932$2,441$2,023$1,670$800
18 years$3,274$2,709$2,229$1,823$1,485$674
19 years$3,070$2,511$2,040$1,647$1,323$569
20 years$2,885$2,333$1,872$1,492$1,182$481
21 years$2,719$2,174$1,722$1,354$1,058$407
22 years$2,568$2,029$1,587$1,231$948$345
23 years$2,431$1,898$1,466$1,121$851$293
24 years$2,305$1,778$1,355$1,023$765$248
25 years$2,189$1,668$1,255$934$688$211
26 years$2,082$1,568$1,164$854$620$179
27 years$1,984$1,476$1,081$782$559$152
28 years$1,892$1,391$1,005$716$504$129
29 years$1,807$1,312$935$657$455$110
30 years$1,728$1,239$871$603$412$94
31 years$1,654$1,171$812$554$372$80
32 years$1,585$1,108$758$509$337$68
33 years$1,520$1,049$708$468$305$58
34 years$1,460$995$661$430$276$49
35 years$1,402$943$618$396$250$42
36 years$1,348$895$578$365$226$36
37 years$1,298$850$541$336$205$30
38 years$1,249$808$507$310$186$26
39 years$1,204$769$475$286$169$22
40 years$1,161$731$445$264$153$19
41 years$1,120$696$417$243$139$16
42 years$1,081$663$391$224$126$14
43 years$1,044$632$367$207$114$12
44 years$1,009$602$345$191$104$10
45 years$975$574$324$177$94$8
46 years$943$548$304$163$86$7
47 years$913$523$286$151$78$6
48 years$884$499$268$139$71$5
49 years$856$476$252$129$64$4
50 years$829$455$237$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $849,000, adding $5,271 every year, while hoping to spend $42,887 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: 52/37/11 Blend
67$849,000$849,000$849,000$849,000
68$941,035$896,038$882,879$986,993
69$991,389$894,312$866,824$1,017,176
70$1,045,442$891,065$848,793$1,044,948
71$1,103,526$886,176$828,676$1,074,158
72$1,166,004$879,517$806,356$1,104,954
73$1,233,278$870,955$781,711$1,137,497
74$1,305,787$860,346$754,612$1,171,971
75$1,384,013$847,539$724,928$1,208,578
76$1,468,487$832,373$692,517$1,247,544
77$1,559,791$814,678$657,235$1,289,119
78$1,658,567$794,274$618,929$1,333,585
79$1,765,517$770,969$577,439$1,381,252
80$1,881,415$744,563$532,600$1,432,467
81$2,007,114$714,841$484,236$1,487,614
82$2,143,549$681,577$432,167$1,547,122
83$2,291,748$644,532$376,202$1,611,467
84$2,452,845$603,453$316,144$1,681,177
85$2,628,086$558,072$251,785$1,756,837
86$2,818,839$508,107$182,908$1,839,100
87$3,026,615$453,258$109,290$1,928,688
88$3,253,071$393,209$30,692$2,026,403
89$3,500,035$327,627$0$2,133,133
90$3,769,517$256,158$0$2,256,108
91$4,063,728$178,431$0$2,394,428
92$4,385,105$94,051$0$2,545,729
93$4,736,330$2,603$0$2,711,387
94$5,120,354$0$0$2,892,923
95$5,540,427$0$0$3,131,249
96$6,000,127$0$0$3,393,302
97$6,503,397$0$0$3,680,278
98$7,054,575$0$0$3,994,662
99$7,658,440$0$0$4,339,192
100$8,320,254$0$0$4,716,882