Can I retire at age 68 with 639,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.8%
1 years$52,768$52,298$51,839$51,392$50,955$50,570
2 years$26,123$25,636$25,165$24,708$24,264$23,876
3 years$17,242$16,754$16,283$15,830$15,394$15,015
4 years$12,803$12,316$11,850$11,405$10,979$10,612
5 years$10,140$9,656$9,196$8,760$8,346$7,992
6 years$8,365$7,885$7,432$7,005$6,604$6,263
7 years$7,098$6,621$6,176$5,760$5,371$5,043
8 years$6,148$5,676$5,238$4,832$4,456$4,142
9 years$5,410$4,942$4,511$4,115$3,752$3,452
10 years$4,819$4,356$3,933$3,548$3,197$2,910
11 years$4,336$3,878$3,463$3,087$2,750$2,475
12 years$3,934$3,481$3,073$2,708$2,383$2,121
13 years$3,594$3,145$2,745$2,391$2,078$1,829
14 years$3,303$2,859$2,467$2,122$1,821$1,584
15 years$3,051$2,612$2,227$1,893$1,604$1,379
16 years$2,831$2,396$2,019$1,695$1,417$1,204
17 years$2,637$2,207$1,837$1,523$1,257$1,054
18 years$2,464$2,039$1,677$1,372$1,117$926
19 years$2,310$1,890$1,536$1,240$996$815
20 years$2,172$1,756$1,409$1,123$890$718
21 years$2,047$1,636$1,296$1,019$796$634
22 years$1,933$1,527$1,195$927$714$561
23 years$1,829$1,428$1,103$844$641$497
24 years$1,735$1,338$1,020$770$576$441
25 years$1,647$1,256$945$703$518$391
26 years$1,567$1,180$876$643$467$347
27 years$1,493$1,111$814$588$421$309
28 years$1,424$1,047$756$539$380$275
29 years$1,360$987$704$494$343$245
30 years$1,301$932$656$454$310$218
31 years$1,245$882$611$417$280$194
32 years$1,193$834$570$383$253$173
33 years$1,144$790$533$352$229$154
34 years$1,099$749$498$324$208$138
35 years$1,055$710$465$298$188$123
36 years$1,015$674$435$275$170$110
37 years$977$640$407$253$154$98
38 years$940$608$381$233$140$87
39 years$906$578$357$215$127$78
40 years$874$550$335$198$115$70
41 years$843$524$314$183$104$62
42 years$814$499$295$169$95$56
43 years$786$475$276$156$86$50
44 years$759$453$260$144$78$44
45 years$734$432$244$133$71$40
46 years$710$412$229$123$64$35
47 years$687$393$215$113$58$32
48 years$665$376$202$105$53$28
49 years$644$359$190$97$48$25
50 years$624$343$179$90$44$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $639,000, adding $5,207 every year, while hoping to spend $45,325 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: 38/47/15 Blend
67$639,000$639,000$639,000$639,000
68$709,549$675,682$665,778$733,116
69$733,698$660,565$639,856$735,337
70$758,790$643,188$611,546$732,991
71$784,875$623,393$580,722$729,480
72$812,005$601,011$547,248$724,725
73$840,234$575,866$510,986$718,639
74$869,623$547,768$471,789$711,131
75$900,236$516,520$429,505$702,108
76$932,142$481,911$383,975$691,470
77$965,414$443,719$335,032$679,112
78$1,000,134$401,709$282,503$664,925
79$1,036,386$355,631$226,206$648,795
80$1,074,265$305,225$165,951$630,603
81$1,113,871$250,211$101,541$610,223
82$1,155,313$190,299$32,770$587,524
83$1,198,708$125,176$0$562,370
84$1,244,184$54,518$0$541,120
85$1,291,880$0$0$523,144
86$1,341,946$0$0$514,463
87$1,394,545$0$0$534,993
88$1,449,854$0$0$556,611
89$1,508,067$0$0$579,397
90$1,569,392$0$0$603,435
91$1,634,059$0$0$628,822
92$1,702,316$0$0$655,658
93$1,774,435$0$0$684,057
94$1,850,713$0$0$714,140
95$1,931,473$0$0$746,042
96$2,017,068$0$0$779,908
97$2,107,883$0$0$815,898
98$2,204,342$0$0$854,187
99$2,306,906$0$0$894,966
100$2,416,079$0$0$938,445