Can I retire at age 68 with 645,000?

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 $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%17%
1 years$53,263$52,789$52,326$51,874$51,433$49,967
2 years$26,368$25,877$25,401$24,940$24,492$23,026
3 years$17,404$16,911$16,436$15,979$15,539$14,119
4 years$12,923$12,431$11,961$11,512$11,082$9,720
5 years$10,235$9,746$9,282$8,842$8,425$7,123
6 years$8,444$7,959$7,502$7,071$6,666$5,427
7 years$7,165$6,684$6,234$5,814$5,421$4,245
8 years$6,206$5,729$5,287$4,877$4,498$3,382
9 years$5,460$4,988$4,554$4,154$3,788$2,733
10 years$4,864$4,397$3,970$3,581$3,227$2,231
11 years$4,377$3,914$3,495$3,116$2,775$1,837
12 years$3,971$3,513$3,102$2,734$2,405$1,522
13 years$3,628$3,175$2,771$2,413$2,097$1,268
14 years$3,334$2,886$2,490$2,142$1,839$1,061
15 years$3,080$2,636$2,248$1,911$1,619$891
16 years$2,858$2,419$2,038$1,711$1,431$750
17 years$2,662$2,228$1,855$1,537$1,269$633
18 years$2,488$2,058$1,693$1,385$1,128$535
19 years$2,332$1,908$1,550$1,252$1,005$453
20 years$2,192$1,773$1,422$1,134$898$384
21 years$2,066$1,651$1,308$1,029$804$326
22 years$1,951$1,541$1,206$935$720$277
23 years$1,847$1,442$1,113$852$647$236
24 years$1,751$1,351$1,030$777$581$201
25 years$1,663$1,268$954$710$523$171
26 years$1,582$1,191$885$649$471$146
27 years$1,507$1,121$821$594$425$124
28 years$1,438$1,056$764$544$383$106
29 years$1,373$997$711$499$346$90
30 years$1,313$941$662$458$313$77
31 years$1,257$890$617$421$283$66
32 years$1,204$842$576$387$256$56
33 years$1,155$797$538$355$231$48
34 years$1,109$756$502$327$210$41
35 years$1,065$717$470$301$190$35
36 years$1,024$680$439$277$172$30
37 years$986$646$411$255$156$26
38 years$949$614$385$235$141$22
39 years$915$584$361$217$128$19
40 years$882$556$338$200$116$16
41 years$851$529$317$185$105$14
42 years$821$504$297$171$96$12
43 years$793$480$279$157$87$10
44 years$766$457$262$145$79$8
45 years$741$436$246$134$72$7
46 years$717$416$231$124$65$6
47 years$693$397$217$115$59$5
48 years$671$379$204$106$54$5
49 years$650$362$192$98$49$4
50 years$630$346$180$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $645,000, adding $4,081 every year, while hoping to spend $43,845 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: 69/22/9 Blend
67$645,000$645,000$645,000$645,000
68$715,000$680,815$670,817$762,831
69$741,279$667,524$646,639$781,779
70$768,769$652,112$620,181$796,788
71$797,547$634,430$591,321$812,033
72$827,698$614,317$559,931$827,528
73$859,310$591,606$525,876$843,293
74$892,484$566,119$489,017$859,347
75$927,326$537,667$449,207$875,716
76$963,951$506,051$406,293$892,426
77$1,002,486$471,059$360,116$909,510
78$1,043,069$432,470$310,509$927,007
79$1,085,848$390,048$257,298$944,959
80$1,130,987$343,542$200,299$963,417
81$1,178,663$292,691$139,325$982,436
82$1,229,070$237,217$74,176$1,002,081
83$1,282,419$176,824$4,645$1,022,427
84$1,338,942$111,205$0$1,043,558
85$1,398,890$40,029$0$1,072,248
86$1,462,538$0$0$1,102,836
87$1,530,190$0$0$1,143,990
88$1,602,173$0$0$1,198,110
89$1,678,850$0$0$1,255,778
90$1,760,616$0$0$1,317,296
91$1,847,903$0$0$1,382,992
92$1,941,186$0$0$1,453,226
93$2,040,985$0$0$1,528,393
94$2,147,870$0$0$1,608,925
95$2,262,467$0$0$1,695,297
96$2,385,461$0$0$1,788,031
97$2,517,605$0$0$1,887,698
98$2,659,727$0$0$1,994,925
99$2,812,732$0$0$2,110,402
100$2,977,618$0$0$2,234,885