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%12.1%
1 years$53,346$52,871$52,407$51,955$51,513$51,060
2 years$26,409$25,917$25,440$24,978$24,530$24,074
3 years$17,431$16,937$16,462$16,004$15,563$15,117
4 years$12,943$12,451$11,980$11,530$11,100$10,668
5 years$10,251$9,761$9,297$8,856$8,438$8,021
6 years$8,457$7,971$7,513$7,082$6,676$6,276
7 years$7,176$6,694$6,244$5,823$5,430$5,045
8 years$6,215$5,738$5,295$4,885$4,504$4,136
9 years$5,469$4,996$4,561$4,161$3,793$3,441
10 years$4,872$4,404$3,976$3,586$3,232$2,896
11 years$4,384$3,920$3,500$3,121$2,780$2,459
12 years$3,977$3,519$3,107$2,738$2,409$2,103
13 years$3,634$3,180$2,775$2,417$2,101$1,809
14 years$3,340$2,890$2,494$2,146$1,841$1,565
15 years$3,085$2,640$2,252$1,913$1,621$1,359
16 years$2,862$2,423$2,041$1,713$1,433$1,184
17 years$2,666$2,231$1,858$1,539$1,271$1,035
18 years$2,491$2,062$1,696$1,387$1,130$907
19 years$2,336$1,911$1,552$1,254$1,007$796
20 years$2,196$1,775$1,425$1,135$899$700
21 years$2,069$1,654$1,310$1,030$805$617
22 years$1,954$1,544$1,208$937$721$545
23 years$1,849$1,444$1,115$853$648$481
24 years$1,754$1,353$1,031$778$582$426
25 years$1,665$1,270$955$711$524$377
26 years$1,584$1,193$886$650$472$334
27 years$1,509$1,123$823$595$425$296
28 years$1,440$1,058$765$545$384$263
29 years$1,375$998$712$500$347$234
30 years$1,315$943$663$459$313$208
31 years$1,259$891$618$421$283$184
32 years$1,206$843$577$387$256$164
33 years$1,157$799$538$356$232$146
34 years$1,111$757$503$328$210$130
35 years$1,067$718$470$302$190$116
36 years$1,026$681$440$278$172$103
37 years$987$647$412$256$156$92
38 years$951$615$386$236$142$82
39 years$916$585$361$217$128$73
40 years$883$556$339$201$116$65
41 years$852$530$318$185$106$58
42 years$822$504$298$171$96$51
43 years$794$481$279$158$87$46
44 years$768$458$262$146$79$41
45 years$742$437$246$134$72$36
46 years$718$417$231$124$65$32
47 years$694$398$217$115$59$29
48 years$672$380$204$106$54$26
49 years$651$363$192$98$49$23
50 years$631$346$181$91$44$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $646,000, adding $4,730 every year, while hoping to spend $34,762 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: 71/15/14 Blend
67$646,000$646,000$646,000$646,000
68$716,771$682,533$672,520$765,107
69$752,895$678,991$658,063$794,258
70$791,539$674,110$641,956$821,494
71$832,922$667,788$624,109$850,398
72$877,288$659,916$604,423$881,128
73$924,899$650,380$582,800$913,859
74$976,048$639,058$559,133$948,784
75$1,031,054$625,821$533,313$986,118
76$1,090,267$610,532$505,224$1,026,096
77$1,154,072$593,046$474,747$1,068,980
78$1,222,893$573,210$441,756$1,115,058
79$1,297,192$550,862$406,120$1,164,649
80$1,377,482$525,830$367,700$1,218,105
81$1,464,322$497,933$326,356$1,275,817
82$1,558,330$466,978$281,935$1,338,216
83$1,660,182$432,763$234,283$1,405,776
84$1,770,626$395,073$183,236$1,479,024
85$1,890,479$353,681$128,624$1,558,542
86$2,020,643$308,347$70,269$1,644,970
87$2,162,111$258,818$7,984$1,739,018
88$2,315,972$204,826$0$1,841,470
89$2,483,426$146,088$0$1,961,927
90$2,665,795$82,305$0$2,094,449
91$2,864,530$13,162$0$2,238,929
92$3,081,231$0$0$2,396,567
93$3,317,659$0$0$2,578,862
94$3,575,749$0$0$2,780,264
95$3,857,635$0$0$3,000,266
96$4,165,664$0$0$3,240,706
97$4,502,420$0$0$3,503,605
98$4,870,748$0$0$3,791,189
99$5,273,782$0$0$4,105,908
100$5,714,972$0$0$4,450,460