Can I retire at age 68 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$52,107$51,643$51,190$50,748$50,317$48,648
2 years$25,796$25,315$24,850$24,398$23,960$22,295
3 years$17,026$16,544$16,079$15,632$15,201$13,592
4 years$12,642$12,161$11,702$11,262$10,842$9,301
5 years$10,013$9,535$9,081$8,650$8,242$6,773
6 years$8,260$7,786$7,339$6,918$6,521$5,126
7 years$7,009$6,539$6,099$5,687$5,304$3,982
8 years$6,071$5,605$5,172$4,771$4,400$3,151
9 years$5,342$4,880$4,455$4,064$3,705$2,527
10 years$4,759$4,301$3,884$3,503$3,157$2,048
11 years$4,282$3,829$3,419$3,049$2,715$1,673
12 years$3,885$3,437$3,034$2,674$2,353$1,375
13 years$3,549$3,106$2,711$2,361$2,052$1,136
14 years$3,262$2,823$2,436$2,096$1,799$943
15 years$3,013$2,579$2,199$1,869$1,584$785
16 years$2,796$2,366$1,994$1,674$1,400$655
17 years$2,604$2,179$1,814$1,504$1,241$548
18 years$2,434$2,014$1,656$1,355$1,103$459
19 years$2,281$1,866$1,516$1,224$984$385
20 years$2,145$1,734$1,392$1,109$879$324
21 years$2,021$1,615$1,280$1,006$786$272
22 years$1,909$1,508$1,180$915$705$229
23 years$1,806$1,410$1,089$833$633$193
24 years$1,713$1,321$1,007$760$569$163
25 years$1,627$1,240$933$694$512$138
26 years$1,548$1,165$865$635$461$116
27 years$1,474$1,097$804$581$415$98
28 years$1,406$1,034$747$532$375$83
29 years$1,343$975$695$488$339$70
30 years$1,284$921$648$448$306$59
31 years$1,230$870$604$411$277$50
32 years$1,178$824$563$378$250$42
33 years$1,130$780$526$348$226$36
34 years$1,085$739$491$320$205$30
35 years$1,042$701$459$295$186$26
36 years$1,002$666$430$271$168$22
37 years$964$632$402$250$152$18
38 years$929$601$377$230$138$15
39 years$895$571$353$212$125$13
40 years$863$543$331$196$114$11
41 years$832$517$310$181$103$9
42 years$803$493$291$167$94$8
43 years$776$469$273$154$85$7
44 years$750$447$256$142$77$6
45 years$725$427$241$131$70$5
46 years$701$407$226$121$64$4
47 years$678$388$212$112$58$3
48 years$657$371$200$104$52$3
49 years$636$354$188$96$48$2
50 years$616$338$176$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $631,000, adding $5,239 every year, while hoping to spend $55,127 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: 45/31/24 Blend
67$631,000$631,000$631,000$631,000
68$700,766$667,323$657,543$727,240
69$713,589$641,367$620,916$720,502
70$725,873$612,292$581,214$707,419
71$737,504$579,886$538,276$692,130
72$748,356$543,926$491,935$674,459
73$758,286$504,177$442,013$654,215
74$767,138$460,388$388,327$631,193
75$774,735$412,296$330,685$605,173
76$780,881$359,622$268,886$575,917
77$785,359$302,072$202,722$543,170
78$787,926$239,333$131,973$506,656
79$788,312$171,078$56,411$466,078
80$786,218$96,959$0$421,116
81$781,311$16,609$0$377,628
82$773,223$0$0$344,856
83$761,545$0$0$332,006
84$745,824$0$0$322,772
85$725,557$0$0$311,238
86$700,189$0$0$297,128
87$669,102$0$0$280,134
88$631,615$0$0$259,917
89$586,975$0$0$236,101
90$534,345$0$0$208,270
91$472,803$0$0$175,965
92$401,329$0$0$138,678
93$318,794$0$0$95,848
94$223,951$0$0$46,855
95$115,421$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0