Can I retire at age 68 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$52,768$52,298$51,839$51,392$50,955$49,403
2 years$26,123$25,636$25,165$24,708$24,264$22,714
3 years$17,242$16,754$16,283$15,830$15,394$13,894
4 years$12,803$12,316$11,850$11,405$10,979$9,541
5 years$10,140$9,656$9,196$8,760$8,346$6,974
6 years$8,365$7,885$7,432$7,005$6,604$5,299
7 years$7,098$6,621$6,176$5,760$5,371$4,132
8 years$6,148$5,676$5,238$4,832$4,456$3,283
9 years$5,410$4,942$4,511$4,115$3,752$2,645
10 years$4,819$4,356$3,933$3,548$3,197$2,153
11 years$4,336$3,878$3,463$3,087$2,750$1,767
12 years$3,934$3,481$3,073$2,708$2,383$1,459
13 years$3,594$3,145$2,745$2,391$2,078$1,211
14 years$3,303$2,859$2,467$2,122$1,821$1,010
15 years$3,051$2,612$2,227$1,893$1,604$845
16 years$2,831$2,396$2,019$1,695$1,417$709
17 years$2,637$2,207$1,837$1,523$1,257$596
18 years$2,464$2,039$1,677$1,372$1,117$502
19 years$2,310$1,890$1,536$1,240$996$423
20 years$2,172$1,756$1,409$1,123$890$358
21 years$2,047$1,636$1,296$1,019$796$303
22 years$1,933$1,527$1,195$927$714$256
23 years$1,829$1,428$1,103$844$641$217
24 years$1,735$1,338$1,020$770$576$184
25 years$1,647$1,256$945$703$518$156
26 years$1,567$1,180$876$643$467$133
27 years$1,493$1,111$814$588$421$113
28 years$1,424$1,047$756$539$380$96
29 years$1,360$987$704$494$343$81
30 years$1,301$932$656$454$310$69
31 years$1,245$882$611$417$280$59
32 years$1,193$834$570$383$253$50
33 years$1,144$790$533$352$229$42
34 years$1,099$749$498$324$208$36
35 years$1,055$710$465$298$188$31
36 years$1,015$674$435$275$170$26
37 years$977$640$407$253$154$22
38 years$940$608$381$233$140$19
39 years$906$578$357$215$127$16
40 years$874$550$335$198$115$14
41 years$843$524$314$183$104$12
42 years$814$499$295$169$95$10
43 years$786$475$276$156$86$8
44 years$759$453$260$144$78$7
45 years$734$432$244$133$71$6
46 years$710$412$229$123$64$5
47 years$687$393$215$113$58$4
48 years$665$376$202$105$53$4
49 years$644$359$190$97$48$3
50 years$624$343$179$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $639,000, adding $6,660 every year, while hoping to spend $37,892 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: 75/16/9 Blend
67$639,000$639,000$639,000$639,000
68$711,048$677,181$667,276$762,806
69$743,258$670,046$649,313$790,681
70$777,483$661,291$629,478$815,765
71$813,890$650,798$607,669$842,180
72$852,659$638,439$583,778$870,043
73$893,988$624,081$557,693$899,488
74$938,095$607,581$529,296$930,657
75$985,219$588,790$498,465$963,713
76$1,035,619$567,548$465,071$998,830
77$1,089,581$543,688$428,981$1,036,207
78$1,147,421$517,031$390,054$1,076,059
79$1,209,481$487,389$348,144$1,118,625
80$1,276,140$454,563$303,099$1,164,170
81$1,347,812$418,341$254,758$1,212,987
82$1,424,951$378,503$202,955$1,265,399
83$1,508,058$334,812$147,516$1,321,763
84$1,597,682$287,019$88,259$1,382,475
85$1,694,424$234,862$24,995$1,447,971
86$1,798,949$178,064$0$1,518,734
87$1,911,983$116,330$0$1,599,380
88$2,034,328$49,353$0$1,689,244
89$2,166,862$0$0$1,786,594
90$2,310,554$0$0$1,896,256
91$2,466,466$0$0$2,024,695
92$2,635,768$0$0$2,164,188
93$2,819,748$0$0$2,315,797
94$3,019,820$0$0$2,480,693
95$3,237,542$0$0$2,660,162
96$3,474,628$0$0$2,855,619
97$3,732,962$0$0$3,068,623
98$4,014,619$0$0$3,300,888
99$4,321,884$0$0$3,554,301
100$4,657,270$0$0$3,830,938