Can I retire at age 68 with 627,000?

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 $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%11.3%
1 years$51,777$51,316$50,866$50,427$49,998$49,724
2 years$25,632$25,155$24,692$24,244$23,809$23,533
3 years$16,918$16,439$15,977$15,533$15,105$14,835
4 years$12,562$12,084$11,628$11,191$10,773$10,511
5 years$9,949$9,474$9,023$8,596$8,190$7,937
6 years$8,208$7,736$7,292$6,874$6,480$6,237
7 years$6,965$6,497$6,060$5,651$5,270$5,036
8 years$6,033$5,569$5,139$4,741$4,372$4,147
9 years$5,308$4,849$4,426$4,038$3,682$3,466
10 years$4,729$4,274$3,859$3,481$3,137$2,931
11 years$4,255$3,805$3,397$3,029$2,698$2,501
12 years$3,860$3,415$3,015$2,657$2,338$2,150
13 years$3,527$3,086$2,694$2,346$2,039$1,859
14 years$3,241$2,805$2,420$2,082$1,787$1,616
15 years$2,994$2,563$2,185$1,857$1,574$1,411
16 years$2,778$2,351$1,981$1,663$1,391$1,236
17 years$2,587$2,165$1,803$1,494$1,233$1,086
18 years$2,418$2,001$1,646$1,346$1,096$957
19 years$2,267$1,854$1,507$1,217$977$846
20 years$2,131$1,723$1,383$1,102$873$748
21 years$2,008$1,605$1,272$1,000$781$663
22 years$1,897$1,498$1,172$909$700$589
23 years$1,795$1,401$1,082$828$629$524
24 years$1,702$1,313$1,001$755$565$466
25 years$1,617$1,232$927$690$508$415
26 years$1,538$1,158$860$631$458$370
27 years$1,465$1,090$798$577$413$330
28 years$1,397$1,027$742$529$373$295
29 years$1,335$969$691$485$336$264
30 years$1,276$915$643$445$304$236
31 years$1,222$865$600$409$275$211
32 years$1,171$818$560$376$249$189
33 years$1,123$775$523$346$225$169
34 years$1,078$735$488$318$204$151
35 years$1,036$697$456$293$184$136
36 years$996$661$427$270$167$122
37 years$958$628$400$248$151$109
38 years$923$597$374$229$137$98
39 years$889$568$351$211$125$88
40 years$857$540$329$195$113$79
41 years$827$514$308$180$102$71
42 years$798$490$289$166$93$63
43 years$771$466$271$153$84$57
44 years$745$445$255$141$77$51
45 years$720$424$239$130$70$46
46 years$697$404$225$121$63$41
47 years$674$386$211$111$57$37
48 years$652$368$198$103$52$33
49 years$632$352$186$95$47$30
50 years$612$336$175$88$43$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $627,000, adding $6,363 every year, while hoping to spend $34,505 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: 42/28/30 Blend
67$627,000$627,000$627,000$627,000
68$697,517$664,286$654,568$720,465
69$731,951$660,123$639,783$733,478
70$768,741$654,600$623,346$743,864
71$808,090$647,613$605,166$754,467
72$850,222$639,053$585,146$765,328
73$895,383$628,805$563,186$776,496
74$943,840$616,745$539,182$788,026
75$995,890$602,743$513,023$799,984
76$1,051,856$586,663$484,594$812,443
77$1,112,094$568,358$453,776$825,487
78$1,176,994$547,674$420,444$839,214
79$1,246,985$524,447$384,467$853,734
80$1,322,538$498,506$345,707$869,171
81$1,404,171$469,666$304,022$885,667
82$1,492,452$437,736$259,262$903,382
83$1,588,007$402,510$211,273$922,499
84$1,691,524$363,773$159,891$943,221
85$1,803,758$321,297$104,945$965,778
86$1,925,540$274,839$46,260$990,429
87$2,057,785$224,146$0$1,017,466
88$2,201,498$168,948$0$1,052,453
89$2,357,784$108,960$0$1,106,662
90$2,527,862$43,883$0$1,165,743
91$2,713,069$0$0$1,230,221
92$2,914,880$0$0$1,308,878
93$3,134,915$0$0$1,409,451
94$3,374,959$0$0$1,519,245
95$3,636,977$0$0$1,639,169
96$3,923,130$0$0$1,770,221
97$4,235,799$0$0$1,913,501
98$4,577,605$0$0$2,070,222
99$4,951,432$0$0$2,241,717
100$5,360,456$0$0$2,429,455