Can I retire at age 68 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$53,181$52,707$52,245$51,794$51,353$50,754
2 years$26,327$25,837$25,362$24,901$24,454$23,850
3 years$17,377$16,885$16,411$15,954$15,515$14,926
4 years$12,903$12,412$11,943$11,494$11,065$10,496
5 years$10,219$9,731$9,268$8,829$8,412$7,863
6 years$8,431$7,946$7,490$7,060$6,656$6,129
7 years$7,153$6,673$6,224$5,805$5,413$4,908
8 years$6,196$5,720$5,279$4,869$4,491$4,008
9 years$5,452$4,980$4,546$4,148$3,782$3,320
10 years$4,857$4,390$3,964$3,575$3,222$2,782
11 years$4,370$3,908$3,490$3,112$2,771$2,352
12 years$3,965$3,508$3,097$2,729$2,401$2,003
13 years$3,623$3,170$2,767$2,410$2,094$1,716
14 years$3,329$2,881$2,486$2,139$1,836$1,477
15 years$3,075$2,632$2,245$1,908$1,616$1,276
16 years$2,853$2,415$2,035$1,708$1,428$1,107
17 years$2,657$2,224$1,852$1,535$1,267$963
18 years$2,484$2,055$1,690$1,383$1,126$839
19 years$2,328$1,905$1,548$1,250$1,004$733
20 years$2,189$1,770$1,420$1,132$897$642
21 years$2,063$1,649$1,306$1,027$802$563
22 years$1,948$1,539$1,204$934$719$494
23 years$1,844$1,439$1,112$851$646$434
24 years$1,748$1,349$1,028$776$580$382
25 years$1,660$1,266$952$708$522$336
26 years$1,579$1,189$883$648$470$296
27 years$1,505$1,119$820$593$424$262
28 years$1,435$1,055$762$543$383$231
29 years$1,371$995$709$498$346$204
30 years$1,311$940$661$457$312$180
31 years$1,255$888$616$420$282$159
32 years$1,202$841$575$386$255$141
33 years$1,153$796$537$355$231$124
34 years$1,107$754$501$327$209$110
35 years$1,064$716$469$301$189$97
36 years$1,023$679$439$277$172$86
37 years$984$645$411$255$156$76
38 years$948$613$384$235$141$68
39 years$913$583$360$217$128$60
40 years$880$555$338$200$116$53
41 years$849$528$317$184$105$47
42 years$820$503$297$170$96$42
43 years$792$479$279$157$87$37
44 years$765$457$262$145$79$33
45 years$740$435$246$134$71$29
46 years$715$415$231$124$65$26
47 years$692$396$217$114$59$23
48 years$670$378$204$106$53$20
49 years$649$361$191$98$49$18
50 years$629$345$180$90$44$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $644,000, adding $3,204 every year, while hoping to spend $36,981 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: 77/10/13 Blend
67$644,000$644,000$644,000$644,000
68$712,993$678,861$668,879$765,793
69$746,371$672,778$651,939$794,946
70$781,914$665,157$633,192$821,896
71$819,803$655,884$612,538$850,411
72$860,239$644,838$589,874$880,635
73$903,439$631,891$565,091$912,723
74$949,642$616,906$538,073$946,850
75$999,111$599,739$508,704$983,206
76$1,052,132$580,238$476,857$1,022,003
77$1,109,021$558,242$442,404$1,063,475
78$1,170,125$533,580$405,208$1,107,879
79$1,235,823$506,070$365,128$1,155,500
80$1,306,532$475,523$322,015$1,206,650
81$1,382,710$441,735$275,714$1,261,678
82$1,464,860$404,493$226,064$1,320,966
83$1,553,534$363,572$172,895$1,384,936
84$1,649,339$318,732$116,032$1,454,056
85$1,752,943$269,721$55,291$1,528,839
86$1,865,079$216,273$0$1,609,855
87$1,986,553$158,106$0$1,699,053
88$2,118,251$94,923$0$1,804,075
89$2,261,147$26,409$0$1,918,038
90$2,416,315$0$0$2,041,815
91$2,584,933$0$0$2,181,628
92$2,768,297$0$0$2,336,848
93$2,967,835$0$0$2,505,781
94$3,185,117$0$0$2,689,758
95$3,421,870$0$0$2,890,245
96$3,679,996$0$0$3,108,855
97$3,961,587$0$0$3,347,363
98$4,268,947$0$0$3,607,723
99$4,604,611$0$0$3,892,086
100$4,971,370$0$0$4,202,819