Can I retire at age 68 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$53,511$53,035$52,570$52,116$51,672$50,485
2 years$26,491$25,997$25,519$25,056$24,606$23,416
3 years$17,485$16,990$16,513$16,053$15,611$14,456
4 years$12,983$12,489$12,017$11,566$11,134$10,023
5 years$10,283$9,792$9,326$8,883$8,464$7,399
6 years$8,483$7,996$7,537$7,104$6,697$5,681
7 years$7,198$6,715$6,263$5,841$5,447$4,478
8 years$6,235$5,756$5,311$4,900$4,518$3,598
9 years$5,486$5,011$4,575$4,173$3,805$2,931
10 years$4,887$4,417$3,988$3,598$3,242$2,415
11 years$4,397$3,932$3,511$3,131$2,788$2,006
12 years$3,990$3,530$3,116$2,746$2,416$1,677
13 years$3,645$3,190$2,784$2,425$2,107$1,411
14 years$3,350$2,899$2,502$2,152$1,847$1,191
15 years$3,094$2,649$2,259$1,919$1,626$1,010
16 years$2,871$2,430$2,048$1,719$1,437$859
17 years$2,674$2,238$1,863$1,544$1,274$732
18 years$2,499$2,068$1,701$1,392$1,133$626
19 years$2,343$1,917$1,557$1,257$1,010$535
20 years$2,202$1,781$1,429$1,139$902$459
21 years$2,075$1,659$1,314$1,034$807$394
22 years$1,960$1,549$1,211$940$724$338
23 years$1,855$1,448$1,119$856$650$291
24 years$1,759$1,357$1,035$781$584$251
25 years$1,671$1,273$958$713$525$216
26 years$1,589$1,197$889$652$473$186
27 years$1,514$1,126$825$597$427$160
28 years$1,444$1,061$767$547$385$138
29 years$1,379$1,001$714$501$348$119
30 years$1,319$946$665$460$314$103
31 years$1,263$894$620$423$284$89
32 years$1,210$846$578$388$257$77
33 years$1,160$801$540$357$232$66
34 years$1,114$759$505$329$210$57
35 years$1,070$720$472$302$191$50
36 years$1,029$683$441$279$173$43
37 years$990$649$413$257$157$37
38 years$954$617$387$237$142$32
39 years$919$587$362$218$129$28
40 years$886$558$340$201$117$24
41 years$855$531$319$186$106$21
42 years$825$506$299$171$96$18
43 years$797$482$280$158$87$15
44 years$770$460$263$146$79$13
45 years$744$438$247$135$72$12
46 years$720$418$232$125$65$10
47 years$697$399$218$115$59$9
48 years$674$381$205$106$54$7
49 years$653$364$193$98$49$6
50 years$633$347$181$91$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $648,000, adding $6,571 every year, while hoping to spend $57,247 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: 23/48/29 Blend
67$648,000$648,000$648,000$648,000
68$720,874$686,530$676,486$730,763
69$733,493$659,260$638,238$712,604
70$745,480$628,734$596,790$687,959
71$756,711$594,734$551,974$660,366
72$767,046$557,026$503,616$629,621
73$776,329$515,365$451,531$595,505
74$784,387$469,491$395,530$557,788
75$791,027$419,128$335,413$516,221
76$796,032$363,986$270,970$470,541
77$799,164$303,758$201,984$420,468
78$800,157$238,121$128,229$365,704
79$798,715$166,730$49,466$305,929
80$794,509$89,225$0$240,805
81$787,176$5,224$0$180,671
82$776,310$0$0$131,470
83$761,465$0$0$122,805
84$742,144$0$0$115,696
85$717,797$0$0$107,245
86$687,815$0$0$97,293
87$651,524$0$0$85,668
88$608,179$0$0$72,178
89$556,953$0$0$56,612
90$496,935$0$0$38,737
91$427,114$0$0$18,293
92$346,377$0$0$0
93$253,488$0$0$0
94$147,086$0$0$0
95$25,664$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0