Can I retire at age 68 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$52,438$51,971$51,515$51,070$50,636$50,296
2 years$25,959$25,476$25,007$24,553$24,112$23,769
3 years$17,134$16,649$16,181$15,731$15,298$14,962
4 years$12,723$12,239$11,776$11,334$10,911$10,585
5 years$10,076$9,595$9,139$8,705$8,294$7,980
6 years$8,313$7,835$7,385$6,962$6,563$6,261
7 years$7,053$6,580$6,137$5,724$5,337$5,047
8 years$6,110$5,640$5,205$4,801$4,428$4,149
9 years$5,376$4,911$4,483$4,090$3,729$3,462
10 years$4,789$4,329$3,908$3,525$3,177$2,922
11 years$4,309$3,854$3,441$3,068$2,732$2,489
12 years$3,910$3,459$3,054$2,691$2,368$2,135
13 years$3,572$3,126$2,728$2,376$2,065$1,843
14 years$3,283$2,841$2,451$2,109$1,810$1,599
15 years$3,032$2,595$2,213$1,881$1,594$1,393
16 years$2,813$2,381$2,007$1,684$1,409$1,218
17 years$2,620$2,193$1,826$1,513$1,249$1,068
18 years$2,449$2,027$1,667$1,364$1,110$939
19 years$2,296$1,878$1,526$1,232$990$828
20 years$2,158$1,745$1,400$1,116$884$731
21 years$2,034$1,626$1,288$1,013$791$647
22 years$1,921$1,517$1,187$921$709$573
23 years$1,818$1,419$1,096$839$637$508
24 years$1,724$1,330$1,014$765$572$451
25 years$1,637$1,248$939$699$515$401
26 years$1,557$1,173$871$639$464$357
27 years$1,484$1,104$809$585$418$318
28 years$1,415$1,040$752$536$377$283
29 years$1,352$981$700$491$341$252
30 years$1,293$927$652$451$308$225
31 years$1,237$876$607$414$278$201
32 years$1,186$829$567$381$252$179
33 years$1,137$785$529$350$228$160
34 years$1,092$744$494$322$206$143
35 years$1,049$706$462$296$187$128
36 years$1,009$670$432$273$169$114
37 years$970$636$405$251$153$102
38 years$934$605$379$232$139$92
39 years$900$575$355$214$126$82
40 years$868$547$333$197$114$73
41 years$838$521$312$182$104$66
42 years$808$496$293$168$94$59
43 years$781$472$275$155$85$53
44 years$754$450$258$143$78$47
45 years$729$429$242$132$70$42
46 years$705$410$227$122$64$38
47 years$683$391$214$113$58$34
48 years$661$373$201$104$53$30
49 years$640$356$189$96$48$27
50 years$620$340$177$89$44$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $635,000, adding $3,791 every year, while hoping to spend $38,933 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: 61/29/10 Blend
67$635,000$635,000$635,000$635,000
68$703,680$670,025$660,183$744,774
69$734,031$661,432$640,875$764,184
70$766,173$651,113$619,615$780,558
71$800,248$638,942$596,296$797,459
72$836,409$624,787$570,809$814,938
73$874,827$608,506$543,035$833,054
74$915,687$589,950$512,854$851,874
75$959,190$568,961$480,138$871,473
76$1,005,559$545,371$444,754$891,936
77$1,055,037$519,005$406,564$913,357
78$1,107,888$489,674$365,421$935,844
79$1,164,406$457,181$321,176$959,516
80$1,224,909$421,316$273,669$984,509
81$1,289,748$381,859$222,735$1,010,974
82$1,359,307$338,575$168,202$1,039,081
83$1,434,009$291,218$109,889$1,069,019
84$1,514,316$239,525$47,608$1,101,002
85$1,600,736$183,222$0$1,135,266
86$1,693,828$122,017$0$1,174,089
87$1,794,204$55,601$0$1,221,308
88$1,902,538$0$0$1,272,191
89$2,019,571$0$0$1,332,348
90$2,146,114$0$0$1,416,618
91$2,283,062$0$0$1,507,856
92$2,431,397$0$0$1,606,724
93$2,592,199$0$0$1,713,945
94$2,766,656$0$0$1,830,319
95$2,956,075$0$0$1,956,721
96$3,161,891$0$0$2,094,117
97$3,385,686$0$0$2,243,568
98$3,629,199$0$0$2,406,243
99$3,894,343$0$0$2,583,427
100$4,183,222$0$0$2,776,533