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%11.5%
1 years$52,438$51,971$51,515$51,070$50,636$50,317
2 years$25,959$25,476$25,007$24,553$24,112$23,790
3 years$17,134$16,649$16,181$15,731$15,298$14,983
4 years$12,723$12,239$11,776$11,334$10,911$10,605
5 years$10,076$9,595$9,139$8,705$8,294$7,999
6 years$8,313$7,835$7,385$6,962$6,563$6,279
7 years$7,053$6,580$6,137$5,724$5,337$5,065
8 years$6,110$5,640$5,205$4,801$4,428$4,166
9 years$5,376$4,911$4,483$4,090$3,729$3,478
10 years$4,789$4,329$3,908$3,525$3,177$2,937
11 years$4,309$3,854$3,441$3,068$2,732$2,503
12 years$3,910$3,459$3,054$2,691$2,368$2,149
13 years$3,572$3,126$2,728$2,376$2,065$1,856
14 years$3,283$2,841$2,451$2,109$1,810$1,612
15 years$3,032$2,595$2,213$1,881$1,594$1,405
16 years$2,813$2,381$2,007$1,684$1,409$1,229
17 years$2,620$2,193$1,826$1,513$1,249$1,079
18 years$2,449$2,027$1,667$1,364$1,110$949
19 years$2,296$1,878$1,526$1,232$990$837
20 years$2,158$1,745$1,400$1,116$884$740
21 years$2,034$1,626$1,288$1,013$791$655
22 years$1,921$1,517$1,187$921$709$581
23 years$1,818$1,419$1,096$839$637$515
24 years$1,724$1,330$1,014$765$572$458
25 years$1,637$1,248$939$699$515$407
26 years$1,557$1,173$871$639$464$363
27 years$1,484$1,104$809$585$418$323
28 years$1,415$1,040$752$536$377$288
29 years$1,352$981$700$491$341$257
30 years$1,293$927$652$451$308$230
31 years$1,237$876$607$414$278$205
32 years$1,186$829$567$381$252$183
33 years$1,137$785$529$350$228$164
34 years$1,092$744$494$322$206$147
35 years$1,049$706$462$296$187$131
36 years$1,009$670$432$273$169$117
37 years$970$636$405$251$153$105
38 years$934$605$379$232$139$94
39 years$900$575$355$214$126$84
40 years$868$547$333$197$114$75
41 years$838$521$312$182$104$67
42 years$808$496$293$168$94$60
43 years$781$472$275$155$85$54
44 years$754$450$258$143$78$49
45 years$729$429$242$132$70$43
46 years$705$410$227$122$64$39
47 years$683$391$214$113$58$35
48 years$661$373$201$104$53$31
49 years$640$356$189$96$48$28
50 years$620$340$177$89$44$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $635,000, adding $4,278 every year, while hoping to spend $29,876 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: 65/17/18 Blend
67$635,000$635,000$635,000$635,000
68$704,183$670,528$660,685$746,533
69$744,222$671,596$651,030$776,527
70$787,343$671,715$640,051$805,474
71$833,830$670,807$627,670$836,391
72$883,993$668,789$613,810$869,471
73$938,174$665,573$598,386$904,926
74$996,748$661,066$581,312$942,994
75$1,060,127$655,170$562,497$983,935
76$1,128,765$647,778$541,845$1,028,038
77$1,203,159$638,779$519,258$1,075,620
78$1,283,859$628,057$494,630$1,127,035
79$1,371,466$615,485$467,854$1,182,672
80$1,466,644$600,932$438,815$1,242,960
81$1,570,121$584,257$407,395$1,308,376
82$1,682,701$565,313$373,470$1,379,445
83$1,805,265$543,942$336,910$1,456,745
84$1,938,784$519,977$297,579$1,540,920
85$2,084,328$493,245$255,336$1,632,676
86$2,243,073$463,557$210,033$1,732,796
87$2,416,314$430,718$161,516$1,842,143
88$2,605,475$394,521$109,624$1,961,672
89$2,812,126$354,744$54,189$2,092,435
90$3,037,993$311,157$0$2,235,597
91$3,284,977$263,513$0$2,393,395
92$3,555,174$211,554$0$2,577,462
93$3,850,887$155,005$0$2,778,981
94$4,174,654$93,578$0$2,999,720
95$4,529,272$26,967$0$3,241,625
96$4,917,818$0$0$3,506,843
97$5,343,683$0$0$3,806,189
98$5,810,600$0$0$4,139,964
99$6,322,680$0$0$4,506,069
100$6,884,454$0$0$4,907,748