Can I retire at age 68 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$71,266$70,631$70,012$69,407$68,817$67,427
2 years$35,280$34,623$33,986$33,369$32,770$31,376
3 years$23,286$22,627$21,991$21,380$20,791$19,436
4 years$17,291$16,633$16,004$15,403$14,828$13,523
5 years$13,694$13,040$12,420$11,831$11,272$10,020
6 years$11,297$10,648$10,037$9,461$8,919$7,722
7 years$9,586$8,943$8,341$7,779$7,254$6,112
8 years$8,303$7,665$7,074$6,525$6,018$4,930
9 years$7,306$6,674$6,093$5,558$5,068$4,034
10 years$6,508$5,883$5,312$4,791$4,318$3,337
11 years$5,856$5,237$4,676$4,170$3,714$2,784
12 years$5,314$4,701$4,150$3,657$3,218$2,339
13 years$4,855$4,248$3,708$3,229$2,806$1,976
14 years$4,461$3,861$3,331$2,866$2,460$1,677
15 years$4,121$3,527$3,008$2,556$2,166$1,429
16 years$3,823$3,236$2,727$2,289$1,914$1,221
17 years$3,561$2,981$2,482$2,056$1,697$1,046
18 years$3,328$2,754$2,265$1,853$1,509$898
19 years$3,120$2,553$2,074$1,675$1,345$773
20 years$2,933$2,372$1,903$1,517$1,202$666
21 years$2,764$2,209$1,751$1,376$1,075$575
22 years$2,611$2,062$1,613$1,252$964$497
23 years$2,471$1,929$1,490$1,140$865$429
24 years$2,343$1,807$1,378$1,040$778$372
25 years$2,225$1,696$1,276$949$700$322
26 years$2,117$1,594$1,184$868$630$279
27 years$2,016$1,500$1,099$795$568$242
28 years$1,923$1,414$1,022$728$513$210
29 years$1,837$1,334$951$668$463$182
30 years$1,757$1,259$886$613$418$158
31 years$1,682$1,191$826$563$378$137
32 years$1,611$1,126$770$517$342$119
33 years$1,546$1,067$719$476$310$104
34 years$1,484$1,011$672$438$280$90
35 years$1,425$959$628$403$254$78
36 years$1,371$910$588$371$230$68
37 years$1,319$864$550$342$209$59
38 years$1,270$822$515$315$189$52
39 years$1,224$781$483$290$171$45
40 years$1,180$743$452$268$155$39
41 years$1,138$708$424$247$141$34
42 years$1,099$674$398$228$128$30
43 years$1,061$642$373$211$116$26
44 years$1,025$612$350$194$105$22
45 years$991$584$329$180$96$19
46 years$959$557$309$166$87$17
47 years$928$531$290$153$79$15
48 years$898$507$273$142$72$13
49 years$870$484$256$131$65$11
50 years$843$463$241$121$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $863,000, adding $6,279 every year, while hoping to spend $25,547 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: 50/43/7 Blend
67$863,000$863,000$863,000$863,000
68$957,503$911,764$898,387$1,003,365
69$1,027,986$929,258$901,301$1,052,808
70$1,104,803$946,754$903,457$1,103,246
71$1,188,571$964,224$904,802$1,157,445
72$1,279,974$981,638$905,280$1,215,766
73$1,379,759$998,967$904,835$1,278,601
74$1,488,753$1,016,175$903,406$1,346,388
75$1,607,865$1,033,226$900,929$1,419,605
76$1,738,094$1,050,082$897,337$1,498,781
77$1,880,544$1,066,700$892,562$1,584,500
78$2,036,425$1,083,034$886,529$1,677,405
79$2,207,075$1,099,037$879,162$1,778,202
80$2,393,964$1,114,657$870,381$1,887,675
81$2,598,711$1,129,838$860,101$2,006,684
82$2,823,099$1,144,520$848,235$2,136,179
83$3,069,094$1,158,640$834,690$2,277,207
84$3,338,859$1,172,131$819,369$2,430,922
85$3,634,776$1,184,919$802,171$2,598,598
86$3,959,471$1,196,927$782,991$2,781,639
87$4,315,833$1,208,073$761,718$2,981,591
88$4,707,049$1,218,269$738,236$3,200,162
89$5,136,624$1,227,421$712,424$3,439,234
90$5,608,425$1,235,429$684,154$3,700,882
91$6,126,706$1,242,188$653,296$3,987,393
92$6,696,159$1,247,583$619,710$4,301,292
93$7,321,948$1,251,496$583,251$4,645,359
94$8,009,765$1,253,798$543,769$5,022,662
95$8,765,881$1,254,353$501,104$5,436,584
96$9,597,202$1,253,018$455,093$5,890,854
97$10,511,341$1,249,640$405,562$6,389,584
98$11,516,680$1,244,055$352,332$6,937,309
99$12,622,460$1,236,092$295,213$7,539,026
100$13,838,859$1,225,568$234,010$8,200,248