Can I retire at age 68 with 627,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$51,777$51,316$50,866$50,427$49,998$49,353
2 years$25,632$25,155$24,692$24,244$23,809$23,159
3 years$16,918$16,439$15,977$15,533$15,105$14,472
4 years$12,562$12,084$11,628$11,191$10,773$10,161
5 years$9,949$9,474$9,023$8,596$8,190$7,601
6 years$8,208$7,736$7,292$6,874$6,480$5,915
7 years$6,965$6,497$6,060$5,651$5,270$4,729
8 years$6,033$5,569$5,139$4,741$4,372$3,854
9 years$5,308$4,849$4,426$4,038$3,682$3,188
10 years$4,729$4,274$3,859$3,481$3,137$2,666
11 years$4,255$3,805$3,397$3,029$2,698$2,250
12 years$3,860$3,415$3,015$2,657$2,338$1,912
13 years$3,527$3,086$2,694$2,346$2,039$1,635
14 years$3,241$2,805$2,420$2,082$1,787$1,404
15 years$2,994$2,563$2,185$1,857$1,574$1,211
16 years$2,778$2,351$1,981$1,663$1,391$1,048
17 years$2,587$2,165$1,803$1,494$1,233$910
18 years$2,418$2,001$1,646$1,346$1,096$791
19 years$2,267$1,854$1,507$1,217$977$690
20 years$2,131$1,723$1,383$1,102$873$603
21 years$2,008$1,605$1,272$1,000$781$527
22 years$1,897$1,498$1,172$909$700$462
23 years$1,795$1,401$1,082$828$629$405
24 years$1,702$1,313$1,001$755$565$355
25 years$1,617$1,232$927$690$508$312
26 years$1,538$1,158$860$631$458$275
27 years$1,465$1,090$798$577$413$242
28 years$1,397$1,027$742$529$373$213
29 years$1,335$969$691$485$336$187
30 years$1,276$915$643$445$304$165
31 years$1,222$865$600$409$275$146
32 years$1,171$818$560$376$249$128
33 years$1,123$775$523$346$225$113
34 years$1,078$735$488$318$204$100
35 years$1,036$697$456$293$184$88
36 years$996$661$427$270$167$78
37 years$958$628$400$248$151$69
38 years$923$597$374$229$137$61
39 years$889$568$351$211$125$54
40 years$857$540$329$195$113$47
41 years$827$514$308$180$102$42
42 years$798$490$289$166$93$37
43 years$771$466$271$153$84$33
44 years$745$445$255$141$77$29
45 years$720$424$239$130$70$25
46 years$697$404$225$121$63$23
47 years$674$386$211$111$57$20
48 years$652$368$198$103$52$18
49 years$632$352$186$95$47$16
50 years$612$336$175$88$43$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $627,000, adding $5,742 every year, while hoping to spend $37,303 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: 77/7/16 Blend
67$627,000$627,000$627,000$627,000
68$696,877$663,646$653,927$747,676
69$728,268$656,474$636,144$774,829
70$761,611$647,701$616,514$799,340
71$797,066$637,209$594,938$825,199
72$834,806$624,872$571,308$852,526
73$875,024$610,558$545,514$881,456
74$917,929$594,128$517,441$912,138
75$963,750$575,432$486,968$944,734
76$1,012,739$554,315$453,968$979,427
77$1,065,171$530,609$418,309$1,016,417
78$1,121,349$504,140$379,853$1,055,923
79$1,181,605$474,721$338,456$1,098,191
80$1,246,301$442,155$293,967$1,143,490
81$1,315,839$406,235$246,229$1,192,117
82$1,390,655$366,741$195,079$1,244,401
83$1,471,231$323,441$140,343$1,300,706
84$1,558,096$276,089$81,844$1,361,433
85$1,651,830$224,426$19,395$1,427,024
86$1,753,072$168,178$0$1,497,969
87$1,862,523$107,056$0$1,582,874
88$1,980,952$40,754$0$1,678,326
89$2,109,207$0$0$1,781,708
90$2,248,220$0$0$1,896,174
91$2,399,014$0$0$2,023,766
92$2,562,715$0$0$2,162,298
93$2,740,562$0$0$2,312,822
94$2,933,918$0$0$2,476,494
95$3,144,282$0$0$2,654,585
96$3,373,303$0$0$2,848,494
97$3,622,795$0$0$3,059,761
98$3,894,756$0$0$3,290,079
99$4,191,384$0$0$3,541,314
100$4,515,097$0$0$3,815,518