Can I retire at age 68 with 633,000?

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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$52,273$51,807$51,353$50,909$50,476$49,196
2 years$25,877$25,396$24,928$24,476$24,036$22,755
3 years$17,080$16,596$16,130$15,682$15,250$14,007
4 years$12,683$12,200$11,739$11,298$10,876$9,682
5 years$10,045$9,565$9,110$8,678$8,268$7,125
6 years$8,287$7,811$7,362$6,940$6,542$5,452
7 years$7,031$6,559$6,118$5,706$5,320$4,284
8 years$6,090$5,622$5,188$4,786$4,414$3,429
9 years$5,359$4,895$4,469$4,077$3,717$2,784
10 years$4,774$4,315$3,896$3,514$3,167$2,285
11 years$4,296$3,841$3,430$3,058$2,724$1,891
12 years$3,897$3,448$3,044$2,683$2,360$1,575
13 years$3,561$3,116$2,720$2,368$2,058$1,319
14 years$3,272$2,832$2,444$2,102$1,804$1,110
15 years$3,023$2,587$2,206$1,875$1,589$937
16 years$2,804$2,374$2,000$1,679$1,404$793
17 years$2,612$2,186$1,820$1,508$1,245$673
18 years$2,441$2,020$1,662$1,359$1,107$573
19 years$2,289$1,872$1,521$1,228$987$488
20 years$2,151$1,740$1,396$1,112$881$416
21 years$2,027$1,621$1,284$1,010$789$356
22 years$1,915$1,513$1,183$918$707$304
23 years$1,812$1,415$1,093$836$635$260
24 years$1,718$1,326$1,011$763$570$223
25 years$1,632$1,244$936$696$513$191
26 years$1,552$1,169$868$637$462$164
27 years$1,479$1,100$806$583$417$141
28 years$1,411$1,037$749$534$376$121
29 years$1,348$978$697$490$340$104
30 years$1,289$924$650$449$307$89
31 years$1,233$873$606$413$277$77
32 years$1,182$826$565$379$251$66
33 years$1,134$782$528$349$227$57
34 years$1,088$742$493$321$206$49
35 years$1,046$703$461$295$186$42
36 years$1,005$668$431$272$169$36
37 years$967$634$403$251$153$31
38 years$932$603$378$231$139$27
39 years$898$573$354$213$126$23
40 years$865$545$332$197$114$20
41 years$835$519$311$181$103$17
42 years$806$494$292$167$94$15
43 years$778$471$274$154$85$13
44 years$752$449$257$143$77$11
45 years$727$428$241$132$70$9
46 years$703$408$227$122$64$8
47 years$680$390$213$112$58$7
48 years$659$372$200$104$53$6
49 years$638$355$188$96$48$5
50 years$618$339$177$89$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $633,000, adding $2,083 every year, while hoping to spend $39,182 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: 31/47/22 Blend
67$633,000$633,000$633,000$633,000
68$699,715$666,166$656,354$716,578
69$729,396$657,118$636,653$720,497
70$760,792$646,315$614,978$721,049
71$794,036$633,627$591,223$720,833
72$829,273$618,920$565,274$719,807
73$866,663$602,052$537,015$717,927
74$906,380$582,870$506,323$715,152
75$948,615$561,215$473,069$711,438
76$993,577$536,917$437,119$706,742
77$1,041,492$509,796$398,333$701,022
78$1,092,612$479,664$356,565$694,237
79$1,147,210$446,319$311,662$686,347
80$1,205,587$409,550$263,464$677,313
81$1,268,070$369,132$211,803$667,100
82$1,335,022$324,828$156,507$655,675
83$1,406,838$276,388$97,394$643,007
84$1,483,951$223,547$34,272$629,072
85$1,566,839$166,025$0$613,850
86$1,656,024$103,528$0$605,095
87$1,752,082$35,744$0$604,122
88$1,855,642$0$0$602,932
89$1,967,398$0$0$621,066
90$2,088,112$0$0$660,696
91$2,218,619$0$0$703,622
92$2,359,841$0$0$750,155
93$2,512,786$0$0$800,640
94$2,678,568$0$0$855,454
95$2,858,408$0$0$915,014
96$3,053,651$0$0$979,776
97$3,265,774$0$0$1,050,244
98$3,496,405$0$0$1,126,972
99$3,747,331$0$0$1,210,568
100$4,020,523$0$0$1,301,704