Can I retire at age 68 with 644,000?

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 $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%11.4%
1 years$53,181$52,707$52,245$51,794$51,353$51,051
2 years$26,327$25,837$25,362$24,901$24,454$24,149
3 years$17,377$16,885$16,411$15,954$15,515$15,216
4 years$12,903$12,412$11,943$11,494$11,065$10,776
5 years$10,219$9,731$9,268$8,829$8,412$8,132
6 years$8,431$7,946$7,490$7,060$6,656$6,387
7 years$7,153$6,673$6,224$5,805$5,413$5,154
8 years$6,196$5,720$5,279$4,869$4,491$4,242
9 years$5,452$4,980$4,546$4,148$3,782$3,544
10 years$4,857$4,390$3,964$3,575$3,222$2,995
11 years$4,370$3,908$3,490$3,112$2,771$2,554
12 years$3,965$3,508$3,097$2,729$2,401$2,194
13 years$3,623$3,170$2,767$2,410$2,094$1,896
14 years$3,329$2,881$2,486$2,139$1,836$1,647
15 years$3,075$2,632$2,245$1,908$1,616$1,437
16 years$2,853$2,415$2,035$1,708$1,428$1,258
17 years$2,657$2,224$1,852$1,535$1,267$1,105
18 years$2,484$2,055$1,690$1,383$1,126$973
19 years$2,328$1,905$1,548$1,250$1,004$859
20 years$2,189$1,770$1,420$1,132$897$759
21 years$2,063$1,649$1,306$1,027$802$673
22 years$1,948$1,539$1,204$934$719$597
23 years$1,844$1,439$1,112$851$646$530
24 years$1,748$1,349$1,028$776$580$472
25 years$1,660$1,266$952$708$522$420
26 years$1,579$1,189$883$648$470$374
27 years$1,505$1,119$820$593$424$334
28 years$1,435$1,055$762$543$383$298
29 years$1,371$995$709$498$346$266
30 years$1,311$940$661$457$312$238
31 years$1,255$888$616$420$282$212
32 years$1,202$841$575$386$255$190
33 years$1,153$796$537$355$231$170
34 years$1,107$754$501$327$209$152
35 years$1,064$716$469$301$189$136
36 years$1,023$679$439$277$172$122
37 years$984$645$411$255$156$109
38 years$948$613$384$235$141$98
39 years$913$583$360$217$128$88
40 years$880$555$338$200$116$79
41 years$849$528$317$184$105$70
42 years$820$503$297$170$96$63
43 years$792$479$279$157$87$57
44 years$765$457$262$145$79$51
45 years$740$435$246$134$71$46
46 years$715$415$231$124$65$41
47 years$692$396$217$114$59$37
48 years$670$378$204$106$53$33
49 years$649$361$191$98$49$29
50 years$629$345$180$90$44$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $644,000, adding $5,359 every year, while hoping to spend $43,122 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: 57/15/28 Blend
67$644,000$644,000$644,000$644,000
68$715,216$681,084$671,102$750,214
69$742,286$668,575$647,702$762,327
70$770,673$654,009$622,074$770,558
71$800,464$637,238$594,095$778,647
72$831,756$618,107$563,642$786,595
73$864,654$596,453$530,583$794,404
74$899,271$572,102$494,780$802,079
75$935,731$544,869$456,090$809,626
76$974,169$514,562$414,362$817,057
77$1,014,733$480,973$369,442$824,387
78$1,057,581$443,887$321,164$831,634
79$1,102,890$403,072$269,358$838,824
80$1,150,849$358,287$213,846$845,985
81$1,201,667$309,275$154,441$853,156
82$1,255,572$255,764$90,950$860,380
83$1,312,812$197,468$23,169$867,709
84$1,373,659$134,085$0$875,206
85$1,438,412$65,295$0$897,633
86$1,507,395$0$0$928,726
87$1,580,966$0$0$963,251
88$1,659,516$0$0$1,011,652
89$1,743,472$0$0$1,063,420
90$1,833,305$0$0$1,118,848
91$1,929,528$0$0$1,178,259
92$2,032,707$0$0$1,242,006
93$2,143,460$0$0$1,310,478
94$2,262,468$0$0$1,384,100
95$2,390,477$0$0$1,463,341
96$2,528,305$0$0$1,548,713
97$2,676,853$0$0$1,640,780
98$2,837,109$0$0$1,740,162
99$3,010,158$0$0$1,847,540
100$3,197,194$0$0$1,963,662