Can I retire at age 68 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$53,346$52,871$52,407$51,955$51,513$51,145
2 years$26,409$25,917$25,440$24,978$24,530$24,159
3 years$17,431$16,937$16,462$16,004$15,563$15,201
4 years$12,943$12,451$11,980$11,530$11,100$10,749
5 years$10,251$9,761$9,297$8,856$8,438$8,099
6 years$8,457$7,971$7,513$7,082$6,676$6,350
7 years$7,176$6,694$6,244$5,823$5,430$5,116
8 years$6,215$5,738$5,295$4,885$4,504$4,204
9 years$5,469$4,996$4,561$4,161$3,793$3,506
10 years$4,872$4,404$3,976$3,586$3,232$2,957
11 years$4,384$3,920$3,500$3,121$2,780$2,517
12 years$3,977$3,519$3,107$2,738$2,409$2,158
13 years$3,634$3,180$2,775$2,417$2,101$1,862
14 years$3,340$2,890$2,494$2,146$1,841$1,614
15 years$3,085$2,640$2,252$1,913$1,621$1,405
16 years$2,862$2,423$2,041$1,713$1,433$1,228
17 years$2,666$2,231$1,858$1,539$1,271$1,076
18 years$2,491$2,062$1,696$1,387$1,130$946
19 years$2,336$1,911$1,552$1,254$1,007$833
20 years$2,196$1,775$1,425$1,135$899$735
21 years$2,069$1,654$1,310$1,030$805$650
22 years$1,954$1,544$1,208$937$721$575
23 years$1,849$1,444$1,115$853$648$510
24 years$1,754$1,353$1,031$778$582$452
25 years$1,665$1,270$955$711$524$402
26 years$1,584$1,193$886$650$472$357
27 years$1,509$1,123$823$595$425$318
28 years$1,440$1,058$765$545$384$283
29 years$1,375$998$712$500$347$252
30 years$1,315$943$663$459$313$225
31 years$1,259$891$618$421$283$200
32 years$1,206$843$577$387$256$179
33 years$1,157$799$538$356$232$159
34 years$1,111$757$503$328$210$142
35 years$1,067$718$470$302$190$127
36 years$1,026$681$440$278$172$114
37 years$987$647$412$256$156$101
38 years$951$615$386$236$142$91
39 years$916$585$361$217$128$81
40 years$883$556$339$201$116$72
41 years$852$530$318$185$106$65
42 years$822$504$298$171$96$58
43 years$794$481$279$158$87$52
44 years$768$458$262$146$79$46
45 years$742$437$246$134$72$41
46 years$718$417$231$124$65$37
47 years$694$398$217$115$59$33
48 years$672$380$204$106$54$30
49 years$651$363$192$98$49$27
50 years$631$346$181$91$44$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $646,000, adding $5,857 every year, while hoping to spend $26,386 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: 72/10/18 Blend
67$646,000$646,000$646,000$646,000
68$717,933$683,695$673,682$766,172
69$763,088$689,122$668,176$804,423
70$811,964$693,930$661,601$842,559
71$864,914$698,062$653,894$883,648
72$922,323$701,455$644,987$927,977
73$984,617$704,043$634,812$975,864
74$1,052,264$705,758$623,294$1,027,660
75$1,125,779$706,524$610,358$1,083,751
76$1,205,727$706,262$595,924$1,144,561
77$1,292,731$704,888$579,907$1,210,563
78$1,387,475$702,314$562,220$1,282,272
79$1,490,715$698,444$542,772$1,360,261
80$1,603,279$693,179$521,466$1,445,160
81$1,726,081$686,413$498,202$1,537,664
82$1,860,126$678,031$472,876$1,638,537
83$2,006,519$667,915$445,378$1,748,627
84$2,166,480$655,939$415,594$1,868,864
85$2,341,348$641,967$383,404$2,000,277
86$2,532,600$625,858$348,683$2,143,997
87$2,741,862$607,462$311,300$2,301,276
88$2,970,923$586,619$271,120$2,473,492
89$3,221,754$563,160$227,999$2,662,163
90$3,496,525$536,907$181,789$2,868,966
91$3,797,627$507,672$132,336$3,095,749
92$4,127,692$475,254$79,475$3,344,549
93$4,489,618$439,444$23,040$3,617,613
94$4,886,600$400,017$0$3,917,418
95$5,322,153$356,738$0$4,253,838
96$5,800,152$309,357$0$4,627,930
97$6,324,864$257,612$0$5,038,622
98$6,900,989$201,223$0$5,489,613
99$7,533,704$139,898$0$5,984,981
100$8,228,715$73,326$0$6,529,219