Can I retire at age 68 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$52,685$52,216$51,758$51,311$50,875$49,365
2 years$26,082$25,596$25,125$24,669$24,226$22,718
3 years$17,215$16,727$16,258$15,806$15,370$13,910
4 years$12,783$12,296$11,832$11,387$10,962$9,562
5 years$10,124$9,641$9,182$8,746$8,333$6,996
6 years$8,352$7,872$7,420$6,995$6,594$5,321
7 years$7,087$6,611$6,166$5,751$5,363$4,155
8 years$6,138$5,667$5,229$4,824$4,449$3,305
9 years$5,401$4,934$4,504$4,109$3,746$2,665
10 years$4,812$4,349$3,927$3,542$3,192$2,172
11 years$4,330$3,872$3,457$3,083$2,745$1,785
12 years$3,928$3,475$3,068$2,704$2,379$1,476
13 years$3,589$3,140$2,741$2,387$2,075$1,227
14 years$3,298$2,855$2,463$2,119$1,819$1,024
15 years$3,047$2,608$2,224$1,890$1,601$858
16 years$2,827$2,393$2,016$1,692$1,415$721
17 years$2,633$2,203$1,835$1,520$1,255$607
18 years$2,461$2,036$1,675$1,370$1,116$512
19 years$2,307$1,887$1,533$1,238$994$433
20 years$2,168$1,754$1,407$1,121$888$366
21 years$2,043$1,633$1,294$1,018$795$310
22 years$1,930$1,525$1,193$925$713$263
23 years$1,827$1,426$1,101$843$640$223
24 years$1,732$1,336$1,019$769$575$190
25 years$1,645$1,254$943$702$517$161
26 years$1,565$1,178$875$642$466$137
27 years$1,491$1,109$812$587$420$116
28 years$1,422$1,045$755$538$379$99
29 years$1,358$986$703$494$342$84
30 years$1,299$931$655$453$309$72
31 years$1,243$880$610$416$280$61
32 years$1,191$833$569$382$253$52
33 years$1,143$789$532$352$229$44
34 years$1,097$747$497$323$207$38
35 years$1,054$709$464$298$188$32
36 years$1,013$673$435$274$170$27
37 years$975$639$407$253$154$23
38 years$939$607$381$233$140$20
39 years$905$578$357$215$127$17
40 years$872$549$334$198$115$14
41 years$841$523$314$183$104$12
42 years$812$498$294$169$95$11
43 years$784$475$276$156$86$9
44 years$758$452$259$144$78$8
45 years$733$431$243$133$71$7
46 years$709$412$229$123$64$6
47 years$686$393$215$113$58$5
48 years$664$375$202$105$53$4
49 years$643$358$190$97$48$3
50 years$623$342$178$89$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $638,000, adding $6,219 every year, while hoping to spend $56,288 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: 73/22/5 Blend
67$638,000$638,000$638,000$638,000
68$709,491$675,677$665,788$760,537
69$721,969$648,895$628,202$768,215
70$733,833$618,914$587,470$768,899
71$744,962$585,519$543,428$768,038
72$755,218$548,479$495,903$765,460
73$764,450$507,555$444,715$760,977
74$772,488$462,489$389,677$754,384
75$779,143$413,012$330,593$745,458
76$784,204$358,838$267,256$733,952
77$787,438$299,666$199,454$719,597
78$788,583$235,177$126,963$702,100
79$787,352$165,033$49,549$681,138
80$783,422$88,880$0$656,359
81$776,438$6,342$0$629,139
82$766,005$0$0$600,229
83$751,684$0$0$586,621
84$732,990$0$0$571,013
85$709,385$0$0$551,437
86$680,274$0$0$527,412
87$644,997$0$0$498,408
88$602,825$0$0$463,838
89$552,950$0$0$423,051
90$494,481$0$0$375,328
91$426,429$0$0$319,876
92$347,704$0$0$255,815
93$257,098$0$0$182,173
94$153,280$0$0$97,879
95$34,776$0$0$1,746
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