Can I retire at age 68 with 647,000?

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 $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$53,429$52,953$52,488$52,035$51,593$51,182
2 years$26,450$25,957$25,480$25,017$24,568$24,154
3 years$17,458$16,963$16,487$16,029$15,587$15,182
4 years$12,963$12,470$11,998$11,548$11,117$10,725
5 years$10,267$9,777$9,311$8,870$8,451$8,073
6 years$8,470$7,983$7,525$7,093$6,687$6,323
7 years$7,187$6,704$6,253$5,832$5,438$5,089
8 years$6,225$5,747$5,303$4,892$4,511$4,176
9 years$5,477$5,004$4,568$4,167$3,799$3,479
10 years$4,879$4,410$3,982$3,592$3,237$2,931
11 years$4,391$3,926$3,506$3,126$2,784$2,492
12 years$3,984$3,524$3,111$2,742$2,413$2,134
13 years$3,639$3,185$2,780$2,421$2,104$1,838
14 years$3,345$2,895$2,498$2,149$1,844$1,592
15 years$3,090$2,645$2,255$1,916$1,624$1,384
16 years$2,866$2,426$2,045$1,716$1,435$1,208
17 years$2,670$2,235$1,860$1,542$1,272$1,057
18 years$2,495$2,065$1,698$1,389$1,131$927
19 years$2,339$1,914$1,555$1,255$1,008$816
20 years$2,199$1,778$1,427$1,137$901$719
21 years$2,072$1,656$1,312$1,032$806$634
22 years$1,957$1,546$1,210$938$723$561
23 years$1,852$1,446$1,117$855$649$496
24 years$1,756$1,355$1,033$779$583$440
25 years$1,668$1,271$957$712$525$390
26 years$1,587$1,195$887$651$473$346
27 years$1,512$1,125$824$596$426$307
28 years$1,442$1,060$766$546$384$273
29 years$1,377$1,000$713$501$347$243
30 years$1,317$944$664$459$314$216
31 years$1,261$893$619$422$284$193
32 years$1,208$845$577$388$257$171
33 years$1,159$800$539$357$232$153
34 years$1,112$758$504$328$210$136
35 years$1,069$719$471$302$190$121
36 years$1,028$682$441$278$172$108
37 years$989$648$412$256$156$97
38 years$952$616$386$236$142$86
39 years$917$586$362$218$129$77
40 years$885$557$339$201$117$69
41 years$853$530$318$185$106$61
42 years$824$505$298$171$96$55
43 years$796$481$280$158$87$49
44 years$769$459$263$146$79$44
45 years$743$438$247$135$72$39
46 years$719$417$232$124$65$35
47 years$696$398$218$115$59$31
48 years$673$380$205$106$54$28
49 years$652$363$192$98$49$25
50 years$632$347$181$91$44$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $647,000, adding $6,508 every year, while hoping to spend $34,288 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: 31/47/22 Blend
67$647,000$647,000$647,000$647,000
68$719,707$685,416$675,388$736,943
69$756,635$682,519$661,531$747,659
70$796,180$678,331$646,061$755,658
71$838,574$672,753$628,887$763,558
72$884,069$665,678$609,915$771,375
73$932,943$656,996$589,047$779,124
74$985,502$646,587$566,178$786,828
75$1,042,080$634,326$541,201$794,515
76$1,103,044$620,080$514,004$802,220
77$1,168,799$603,708$484,467$809,984
78$1,239,788$585,062$452,468$817,858
79$1,316,498$563,982$417,878$825,900
80$1,399,466$540,302$380,563$834,182
81$1,489,281$513,846$340,380$842,785
82$1,586,589$484,426$297,185$851,804
83$1,692,102$451,844$250,822$861,351
84$1,806,605$415,892$201,132$871,554
85$1,930,956$376,349$147,948$882,560
86$2,066,104$332,980$91,094$894,537
87$2,213,089$285,539$30,389$907,679
88$2,373,059$233,765$0$922,205
89$2,547,275$177,383$0$946,438
90$2,737,123$116,101$0$980,727
91$2,944,132$49,612$0$1,018,300
92$3,169,982$0$0$1,059,571
93$3,416,523$0$0$1,116,591
94$3,685,793$0$0$1,206,986
95$3,980,033$0$0$1,305,862
96$4,301,711$0$0$1,414,059
97$4,653,546$0$0$1,532,505
98$5,038,529$0$0$1,662,220
99$5,459,955$0$0$1,804,328
100$5,921,453$0$0$1,960,066