Can I retire at age 68 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$52,933$52,462$52,002$51,553$51,114$50,644
2 years$26,205$25,717$25,244$24,785$24,340$23,866
3 years$17,296$16,806$16,334$15,880$15,442$14,979
4 years$12,843$12,354$11,887$11,441$11,014$10,565
5 years$10,172$9,686$9,225$8,787$8,372$7,940
6 years$8,391$7,909$7,455$7,027$6,625$6,209
7 years$7,120$6,642$6,195$5,778$5,388$4,989
8 years$6,167$5,694$5,254$4,847$4,470$4,088
9 years$5,426$4,957$4,525$4,128$3,764$3,399
10 years$4,834$4,370$3,945$3,559$3,207$2,858
11 years$4,350$3,890$3,473$3,097$2,758$2,425
12 years$3,947$3,491$3,083$2,717$2,390$2,073
13 years$3,606$3,155$2,754$2,398$2,084$1,783
14 years$3,314$2,868$2,474$2,129$1,827$1,541
15 years$3,061$2,620$2,234$1,899$1,609$1,337
16 years$2,840$2,404$2,026$1,700$1,422$1,164
17 years$2,645$2,214$1,843$1,527$1,261$1,017
18 years$2,472$2,046$1,683$1,377$1,121$890
19 years$2,318$1,896$1,540$1,244$999$781
20 years$2,179$1,762$1,414$1,127$892$687
21 years$2,053$1,641$1,300$1,022$799$605
22 years$1,939$1,532$1,198$930$716$533
23 years$1,835$1,433$1,107$847$643$471
24 years$1,740$1,342$1,023$772$578$416
25 years$1,653$1,260$948$705$520$368
26 years$1,572$1,184$879$645$468$326
27 years$1,498$1,114$816$590$422$289
28 years$1,429$1,050$759$541$381$256
29 years$1,365$990$706$496$344$227
30 years$1,305$935$658$455$311$202
31 years$1,249$884$613$418$281$179
32 years$1,197$837$572$384$254$159
33 years$1,148$792$534$353$230$142
34 years$1,102$751$499$325$208$126
35 years$1,059$712$467$299$189$112
36 years$1,018$676$437$276$171$100
37 years$980$642$409$254$155$89
38 years$943$610$383$234$140$79
39 years$909$580$358$216$127$70
40 years$876$552$336$199$115$62
41 years$845$526$315$184$105$56
42 years$816$500$296$169$95$50
43 years$788$477$277$156$86$44
44 years$762$455$260$144$78$39
45 years$736$433$244$133$71$35
46 years$712$414$230$123$65$31
47 years$689$395$216$114$59$28
48 years$667$377$203$105$53$25
49 years$646$360$191$97$48$22
50 years$626$344$179$90$44$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $641,000, adding $6,742 every year, while hoping to spend $29,627 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: 67/17/16 Blend
67$641,000$641,000$641,000$641,000
68$713,336$679,363$669,428$757,962
69$754,574$681,129$660,331$790,376
70$799,024$681,989$649,936$821,711
71$846,985$681,866$638,169$855,239
72$898,781$680,681$624,951$891,171
73$954,770$678,348$610,200$929,745
74$1,015,346$674,776$593,831$971,219
75$1,080,941$669,870$575,755$1,015,881
76$1,152,031$663,528$555,876$1,064,050
77$1,229,138$655,641$534,098$1,116,075
78$1,312,838$646,095$510,318$1,172,343
79$1,403,762$634,768$484,429$1,233,283
80$1,502,607$621,533$456,318$1,299,366
81$1,610,137$606,252$425,869$1,371,114
82$1,727,194$588,782$392,959$1,449,103
83$1,854,705$568,969$357,460$1,533,969
84$1,993,690$546,653$319,240$1,626,412
85$2,145,269$521,663$278,157$1,727,210
86$2,310,679$493,817$234,068$1,837,216
87$2,491,278$462,924$186,819$1,957,375
88$2,688,564$428,782$136,253$2,088,731
89$2,904,182$391,177$82,202$2,232,433
90$3,139,947$349,883$24,494$2,389,753
91$3,397,855$304,661$0$2,562,091
92$3,680,106$255,258$0$2,757,329
93$3,989,119$201,409$0$2,975,714
94$4,327,562$142,831$0$3,214,979
95$4,698,370$79,226$0$3,477,239
96$5,104,776$10,280$0$3,764,825
97$5,550,341$0$0$4,080,306
98$6,038,988$0$0$4,438,551
99$6,575,036$0$0$4,833,698
100$7,163,244$0$0$5,267,336