Can I retire at age 68 with 852,000?

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 $852,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$70,357$69,731$69,119$68,522$67,940$66,351
2 years$34,830$34,182$33,553$32,943$32,352$30,761
3 years$22,990$22,338$21,711$21,107$20,526$18,981
4 years$17,070$16,421$15,800$15,207$14,639$13,153
5 years$13,520$12,874$12,262$11,680$11,128$9,706
6 years$11,153$10,513$9,909$9,341$8,805$7,447
7 years$9,464$8,829$8,235$7,679$7,161$5,867
8 years$8,197$7,568$6,984$6,442$5,941$4,711
9 years$7,213$6,589$6,015$5,487$5,003$3,836
10 years$6,425$5,808$5,244$4,730$4,263$3,158
11 years$5,782$5,170$4,617$4,117$3,666$2,622
12 years$5,246$4,641$4,097$3,611$3,177$2,191
13 years$4,793$4,194$3,661$3,188$2,770$1,841
14 years$4,405$3,812$3,289$2,830$2,429$1,554
15 years$4,068$3,482$2,970$2,524$2,138$1,317
16 years$3,775$3,195$2,692$2,260$1,890$1,119
17 years$3,516$2,943$2,450$2,030$1,676$953
18 years$3,286$2,719$2,236$1,830$1,490$814
19 years$3,080$2,520$2,047$1,653$1,328$696
20 years$2,896$2,342$1,879$1,497$1,186$596
21 years$2,729$2,181$1,728$1,359$1,062$511
22 years$2,577$2,036$1,593$1,236$951$439
23 years$2,439$1,904$1,471$1,125$854$377
24 years$2,313$1,784$1,360$1,026$768$324
25 years$2,197$1,674$1,260$937$691$279
26 years$2,090$1,574$1,168$857$622$240
27 years$1,991$1,481$1,085$784$561$207
28 years$1,899$1,396$1,009$719$506$179
29 years$1,814$1,317$939$659$457$154
30 years$1,734$1,243$874$605$413$133
31 years$1,660$1,175$815$556$373$115
32 years$1,591$1,112$760$511$338$99
33 years$1,526$1,053$710$469$306$85
34 years$1,465$998$663$432$277$74
35 years$1,407$947$620$398$251$64
36 years$1,353$899$580$366$227$55
37 years$1,302$853$543$337$206$47
38 years$1,254$811$509$311$187$41
39 years$1,208$771$476$287$169$35
40 years$1,165$734$447$265$154$31
41 years$1,124$699$419$244$139$26
42 years$1,085$665$393$225$126$23
43 years$1,048$634$369$208$115$20
44 years$1,012$604$346$192$104$17
45 years$979$576$325$177$95$15
46 years$947$550$305$164$86$13
47 years$916$525$287$151$78$11
48 years$887$501$269$140$71$10
49 years$859$478$253$129$64$8
50 years$832$457$238$119$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $852,000, adding $5,177 every year, while hoping to spend $33,393 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: 45/34/21 Blend
67$852,000$852,000$852,000$852,000
68$944,244$899,088$885,882$980,815
69$1,005,027$907,613$880,029$1,015,572
70$1,070,891$915,437$872,861$1,049,547
71$1,142,318$922,490$864,298$1,085,705
72$1,219,840$928,698$854,258$1,124,266
73$1,304,041$933,982$842,653$1,165,472
74$1,395,564$938,257$829,392$1,209,593
75$1,495,115$941,435$814,380$1,256,927
76$1,603,472$943,421$797,517$1,307,803
77$1,721,490$944,113$778,699$1,362,588
78$1,850,113$943,405$757,816$1,421,687
79$1,990,375$941,183$734,753$1,485,548
80$2,143,418$937,325$709,392$1,554,669
81$2,310,497$931,705$681,607$1,629,598
82$2,492,995$924,185$651,268$1,710,944
83$2,692,432$914,622$618,237$1,799,382
84$2,910,484$902,862$582,372$1,895,656
85$3,148,995$888,744$543,523$2,000,591
86$3,409,996$872,096$501,535$2,115,099
87$3,695,723$852,736$456,244$2,240,188
88$4,008,638$830,472$407,479$2,376,975
89$4,351,453$805,099$355,064$2,526,691
90$4,727,155$776,401$298,811$2,690,703
91$5,139,031$744,151$238,528$2,870,515
92$5,590,704$708,107$174,010$3,067,796
93$6,086,163$668,012$105,048$3,284,386
94$6,629,804$623,596$31,419$3,522,320
95$7,226,466$574,574$0$3,783,847
96$7,881,480$520,644$0$4,082,016
97$8,600,721$461,485$0$4,417,207
98$9,390,657$396,760$0$4,785,458
99$10,258,415$326,112$0$5,190,176
100$11,211,847$249,165$0$5,635,121