Can I retire at age 68 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$53,263$52,789$52,326$51,874$51,433$50,169
2 years$26,368$25,877$25,401$24,940$24,492$23,227
3 years$17,404$16,911$16,436$15,979$15,539$14,311
4 years$12,923$12,431$11,961$11,512$11,082$9,902
5 years$10,235$9,746$9,282$8,842$8,425$7,295
6 years$8,444$7,959$7,502$7,071$6,666$5,588
7 years$7,165$6,684$6,234$5,814$5,421$4,395
8 years$6,206$5,729$5,287$4,877$4,498$3,523
9 years$5,460$4,988$4,554$4,154$3,788$2,864
10 years$4,864$4,397$3,970$3,581$3,227$2,353
11 years$4,377$3,914$3,495$3,116$2,775$1,950
12 years$3,971$3,513$3,102$2,734$2,405$1,626
13 years$3,628$3,175$2,771$2,413$2,097$1,364
14 years$3,334$2,886$2,490$2,142$1,839$1,149
15 years$3,080$2,636$2,248$1,911$1,619$971
16 years$2,858$2,419$2,038$1,711$1,431$823
17 years$2,662$2,228$1,855$1,537$1,269$700
18 years$2,488$2,058$1,693$1,385$1,128$596
19 years$2,332$1,908$1,550$1,252$1,005$509
20 years$2,192$1,773$1,422$1,134$898$435
21 years$2,066$1,651$1,308$1,029$804$372
22 years$1,951$1,541$1,206$935$720$319
23 years$1,847$1,442$1,113$852$647$273
24 years$1,751$1,351$1,030$777$581$234
25 years$1,663$1,268$954$710$523$201
26 years$1,582$1,191$885$649$471$173
27 years$1,507$1,121$821$594$425$149
28 years$1,438$1,056$764$544$383$128
29 years$1,373$997$711$499$346$110
30 years$1,313$941$662$458$313$95
31 years$1,257$890$617$421$283$81
32 years$1,204$842$576$387$256$70
33 years$1,155$797$538$355$231$60
34 years$1,109$756$502$327$210$52
35 years$1,065$717$470$301$190$45
36 years$1,024$680$439$277$172$39
37 years$986$646$411$255$156$33
38 years$949$614$385$235$141$29
39 years$915$584$361$217$128$25
40 years$882$556$338$200$116$21
41 years$851$529$317$185$105$18
42 years$821$504$297$171$96$16
43 years$793$480$279$157$87$14
44 years$766$457$262$145$79$12
45 years$741$436$246$134$72$10
46 years$717$416$231$124$65$9
47 years$693$397$217$115$59$8
48 years$671$379$204$106$54$6
49 years$650$362$192$98$49$6
50 years$630$346$180$90$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $645,000, adding $5,736 every year, while hoping to spend $30,500 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: 52/20/28 Blend
67$645,000$645,000$645,000$645,000
68$716,707$682,522$672,524$748,082
69$757,359$683,513$662,602$771,486
70$801,136$683,532$651,325$793,386
71$848,323$682,496$638,616$816,607
72$899,236$680,323$624,394$841,289
73$954,220$676,920$608,573$867,586
74$1,013,655$672,194$591,065$895,670
75$1,077,959$666,043$571,777$925,733
76$1,147,591$658,359$550,611$957,987
77$1,223,055$649,028$527,466$992,667
78$1,304,906$637,930$502,236$1,030,036
79$1,393,754$624,937$474,809$1,070,385
80$1,490,272$609,913$445,069$1,114,036
81$1,595,196$592,715$412,896$1,161,347
82$1,709,339$573,191$378,161$1,212,715
83$1,833,595$551,181$340,733$1,268,581
84$1,968,947$526,515$300,473$1,329,431
85$2,116,478$499,012$257,236$1,395,808
86$2,277,377$468,482$210,872$1,468,309
87$2,452,956$434,724$161,223$1,547,598
88$2,644,658$397,526$108,125$1,634,410
89$2,854,071$356,662$51,404$1,729,558
90$3,082,943$311,895$0$1,833,942
91$3,333,199$262,974$0$1,951,286
92$3,606,959$209,634$0$2,096,531
93$3,906,557$151,594$0$2,255,583
94$4,234,561$88,557$0$2,429,850
95$4,593,802$20,213$0$2,620,889
96$4,987,397$0$0$2,830,416
97$5,418,776$0$0$3,072,157
98$5,891,720$0$0$3,342,132
99$6,410,392$0$0$3,638,279
100$6,979,376$0$0$3,963,223