Can I retire at age 68 with 648,000?

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 $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%11.9%
1 years$53,511$53,035$52,570$52,116$51,672$51,261
2 years$26,491$25,997$25,519$25,056$24,606$24,191
3 years$17,485$16,990$16,513$16,053$15,611$15,206
4 years$12,983$12,489$12,017$11,566$11,134$10,741
5 years$10,283$9,792$9,326$8,883$8,464$8,085
6 years$8,483$7,996$7,537$7,104$6,697$6,333
7 years$7,198$6,715$6,263$5,841$5,447$5,097
8 years$6,235$5,756$5,311$4,900$4,518$4,183
9 years$5,486$5,011$4,575$4,173$3,805$3,484
10 years$4,887$4,417$3,988$3,598$3,242$2,935
11 years$4,397$3,932$3,511$3,131$2,788$2,495
12 years$3,990$3,530$3,116$2,746$2,416$2,137
13 years$3,645$3,190$2,784$2,425$2,107$1,841
14 years$3,350$2,899$2,502$2,152$1,847$1,594
15 years$3,094$2,649$2,259$1,919$1,626$1,386
16 years$2,871$2,430$2,048$1,719$1,437$1,210
17 years$2,674$2,238$1,863$1,544$1,274$1,059
18 years$2,499$2,068$1,701$1,392$1,133$929
19 years$2,343$1,917$1,557$1,257$1,010$817
20 years$2,202$1,781$1,429$1,139$902$720
21 years$2,075$1,659$1,314$1,034$807$635
22 years$1,960$1,549$1,211$940$724$561
23 years$1,855$1,448$1,119$856$650$497
24 years$1,759$1,357$1,035$781$584$440
25 years$1,671$1,273$958$713$525$390
26 years$1,589$1,197$889$652$473$347
27 years$1,514$1,126$825$597$427$308
28 years$1,444$1,061$767$547$385$274
29 years$1,379$1,001$714$501$348$243
30 years$1,319$946$665$460$314$217
31 years$1,263$894$620$423$284$193
32 years$1,210$846$578$388$257$172
33 years$1,160$801$540$357$232$153
34 years$1,114$759$505$329$210$136
35 years$1,070$720$472$302$191$122
36 years$1,029$683$441$279$173$108
37 years$990$649$413$257$157$97
38 years$954$617$387$237$142$86
39 years$919$587$362$218$129$77
40 years$886$558$340$201$117$69
41 years$855$531$319$186$106$61
42 years$825$506$299$171$96$55
43 years$797$482$280$158$87$49
44 years$770$460$263$146$79$44
45 years$744$438$247$135$72$39
46 years$720$418$232$125$65$35
47 years$697$399$218$115$59$31
48 years$674$381$205$106$54$28
49 years$653$364$193$98$49$25
50 years$633$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 $648,000, adding $4,064 every year, while hoping to spend $38,239 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: 49/24/27 Blend
67$648,000$648,000$648,000$648,000
68$718,288$683,944$673,900$747,803
69$750,867$676,771$655,790$761,712
70$785,488$667,965$635,791$772,700
71$822,318$657,406$613,800$783,886
72$861,542$644,966$589,710$795,308
73$903,359$630,509$563,405$807,009
74$947,991$613,894$534,768$819,038
75$995,679$594,967$503,676$831,453
76$1,046,687$573,570$469,998$844,321
77$1,101,306$549,531$433,600$857,718
78$1,159,853$522,672$394,339$871,731
79$1,222,678$492,803$352,070$886,460
80$1,290,164$459,723$306,636$902,019
81$1,362,730$423,219$257,878$918,535
82$1,440,839$383,067$205,627$936,154
83$1,524,996$339,029$149,708$955,043
84$1,615,760$290,855$89,937$975,386
85$1,713,740$238,280$26,122$997,394
86$1,819,609$181,024$0$1,021,305
87$1,934,106$118,790$0$1,059,477
88$2,058,042$51,268$0$1,108,934
89$2,192,308$0$0$1,162,540
90$2,337,887$0$0$1,226,514
91$2,495,857$0$0$1,310,683
92$2,667,403$0$0$1,402,149
93$2,853,833$0$0$1,501,614
94$3,056,580$0$0$1,609,852
95$3,277,225$0$0$1,727,716
96$3,517,504$0$0$1,856,141
97$3,779,332$0$0$1,996,161
98$4,064,812$0$0$2,148,909
99$4,376,260$0$0$2,315,636
100$4,716,226$0$0$2,497,716