Can I retire at age 68 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$71,101$70,467$69,849$69,246$68,657$67,107
2 years$35,198$34,543$33,907$33,291$32,694$31,140
3 years$23,232$22,574$21,940$21,330$20,742$19,234
4 years$17,251$16,594$15,967$15,367$14,794$13,342
5 years$13,663$13,010$12,391$11,803$11,246$9,855
6 years$11,271$10,624$10,014$9,439$8,898$7,570
7 years$9,564$8,922$8,322$7,761$7,237$5,971
8 years$8,284$7,648$7,057$6,510$6,004$4,800
9 years$7,289$6,659$6,078$5,545$5,056$3,913
10 years$6,493$5,869$5,299$4,780$4,308$3,225
11 years$5,843$5,225$4,665$4,160$3,705$2,681
12 years$5,301$4,690$4,140$3,649$3,211$2,244
13 years$4,843$4,238$3,699$3,221$2,800$1,888
14 years$4,451$3,852$3,324$2,860$2,454$1,596
15 years$4,111$3,519$3,001$2,550$2,161$1,354
16 years$3,815$3,229$2,721$2,284$1,910$1,152
17 years$3,553$2,974$2,476$2,052$1,693$983
18 years$3,321$2,748$2,260$1,849$1,506$840
19 years$3,113$2,547$2,069$1,671$1,342$720
20 years$2,926$2,366$1,899$1,513$1,199$617
21 years$2,758$2,204$1,747$1,373$1,073$530
22 years$2,605$2,058$1,610$1,249$962$456
23 years$2,465$1,924$1,486$1,137$863$392
24 years$2,337$1,803$1,375$1,037$776$338
25 years$2,220$1,692$1,273$947$698$291
26 years$2,112$1,590$1,181$866$629$251
27 years$2,012$1,497$1,096$793$567$217
28 years$1,919$1,410$1,019$726$512$187
29 years$1,833$1,330$949$666$462$162
30 years$1,753$1,256$884$611$417$140
31 years$1,678$1,188$824$561$377$121
32 years$1,608$1,124$769$516$341$104
33 years$1,542$1,064$718$474$309$90
34 years$1,480$1,009$670$437$280$78
35 years$1,422$957$627$402$253$68
36 years$1,367$908$586$370$230$58
37 years$1,316$862$549$341$208$51
38 years$1,267$820$514$314$189$44
39 years$1,221$779$482$290$171$38
40 years$1,177$742$451$267$155$33
41 years$1,136$706$423$247$141$28
42 years$1,096$672$397$228$128$25
43 years$1,059$641$373$210$116$21
44 years$1,023$611$350$194$105$18
45 years$989$582$328$179$96$16
46 years$957$555$308$165$87$14
47 years$926$530$290$153$79$12
48 years$896$506$272$141$72$10
49 years$868$483$256$131$65$9
50 years$841$462$241$121$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $861,000, adding $5,193 every year, while hoping to spend $25,804 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: 68/22/10 Blend
67$861,000$861,000$861,000$861,000
68$954,179$908,546$895,200$1,016,769
69$1,024,050$925,609$897,734$1,076,067
70$1,100,182$942,644$899,488$1,137,303
71$1,183,189$959,621$900,409$1,203,592
72$1,273,742$976,510$900,440$1,275,426
73$1,372,582$993,278$899,523$1,353,347
74$1,480,525$1,009,888$897,597$1,437,951
75$1,598,468$1,026,302$894,596$1,529,895
76$1,727,399$1,042,478$890,452$1,629,903
77$1,868,407$1,058,373$885,096$1,738,773
78$2,022,690$1,073,938$878,451$1,857,384
79$2,191,565$1,089,123$870,441$1,986,705
80$2,376,487$1,103,872$860,983$2,127,803
81$2,579,055$1,118,127$849,992$2,281,854
82$2,801,029$1,131,827$837,377$2,450,156
83$3,044,351$1,144,903$823,046$2,634,136
84$3,311,157$1,157,285$806,900$2,835,370
85$3,603,799$1,168,896$788,836$3,055,592
86$3,924,871$1,179,656$768,746$3,296,716
87$4,277,226$1,189,478$746,517$3,560,848
88$4,664,011$1,198,270$722,033$3,850,314
89$5,088,688$1,205,933$695,169$4,167,672
90$5,555,074$1,212,364$665,798$4,515,747
91$6,067,373$1,217,451$633,783$4,897,647
92$6,630,216$1,221,077$598,985$5,316,802
93$7,248,703$1,223,115$561,257$5,776,990
94$7,928,456$1,223,432$520,444$6,282,376
95$8,675,665$1,221,888$476,386$6,837,552
96$9,497,153$1,218,330$428,915$7,447,577
97$10,400,435$1,212,600$377,855$8,118,027
98$11,393,790$1,204,529$323,024$8,855,051
99$12,486,341$1,193,936$264,231$9,665,422
100$13,688,140$1,180,631$201,275$10,556,608