Can I retire at age 68 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$53,759$53,280$52,813$52,357$51,912$50,781
2 years$26,613$26,118$25,637$25,172$24,720$23,586
3 years$17,566$17,068$16,589$16,128$15,683$14,582
4 years$13,043$12,547$12,073$11,619$11,185$10,125
5 years$10,330$9,837$9,369$8,925$8,503$7,487
6 years$8,522$8,033$7,571$7,137$6,728$5,757
7 years$7,231$6,746$6,292$5,868$5,472$4,546
8 years$6,263$5,782$5,336$4,922$4,539$3,659
9 years$5,511$5,035$4,596$4,193$3,823$2,987
10 years$4,910$4,438$4,007$3,614$3,257$2,465
11 years$4,418$3,951$3,528$3,145$2,801$2,051
12 years$4,008$3,546$3,131$2,759$2,428$1,719
13 years$3,662$3,204$2,797$2,436$2,117$1,448
14 years$3,365$2,913$2,513$2,162$1,856$1,226
15 years$3,109$2,661$2,269$1,928$1,634$1,041
16 years$2,884$2,441$2,057$1,727$1,444$887
17 years$2,686$2,248$1,872$1,551$1,280$758
18 years$2,511$2,078$1,709$1,398$1,138$649
19 years$2,354$1,925$1,564$1,263$1,015$557
20 years$2,213$1,789$1,436$1,144$906$478
21 years$2,085$1,667$1,321$1,038$811$412
22 years$1,969$1,556$1,217$944$727$354
23 years$1,864$1,455$1,124$860$653$306
24 years$1,767$1,363$1,039$784$587$264
25 years$1,678$1,279$963$716$528$228
26 years$1,597$1,202$893$655$475$197
27 years$1,521$1,132$829$599$429$170
28 years$1,451$1,066$771$549$387$147
29 years$1,386$1,006$717$504$349$127
30 years$1,325$950$668$462$316$110
31 years$1,269$898$623$424$285$95
32 years$1,216$850$581$390$258$82
33 years$1,166$805$543$359$234$71
34 years$1,119$763$507$330$211$62
35 years$1,075$723$474$304$192$54
36 years$1,034$687$443$280$174$46
37 years$995$652$415$258$157$40
38 years$958$620$389$238$143$35
39 years$923$589$364$219$129$30
40 years$890$561$341$202$117$26
41 years$859$534$320$186$106$23
42 years$829$508$300$172$97$20
43 years$800$484$282$159$88$17
44 years$773$462$264$147$80$15
45 years$748$440$248$135$72$13
46 years$723$420$233$125$66$11
47 years$700$401$219$116$60$10
48 years$677$383$206$107$54$8
49 years$656$365$193$99$49$7
50 years$636$349$182$91$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $651,000, adding $2,345 every year, while hoping to spend $24,536 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: 39/44/17 Blend
67$651,000$651,000$651,000$651,000
68$719,821$685,318$675,227$744,152
69$767,136$692,792$671,741$769,237
70$818,456$699,811$667,316$793,810
71$874,162$706,325$661,895$819,862
72$934,675$712,283$655,416$847,540
73$1,000,457$717,631$647,819$877,006
74$1,072,019$722,309$639,035$908,440
75$1,149,919$726,257$628,998$942,043
76$1,234,775$729,408$617,633$978,036
77$1,327,264$731,691$604,866$1,016,666
78$1,428,134$733,032$590,618$1,058,204
79$1,538,204$733,352$574,805$1,102,952
80$1,658,381$732,566$557,340$1,151,246
81$1,789,659$730,585$538,135$1,203,455
82$1,933,135$727,314$517,092$1,259,991
83$2,090,014$722,652$494,114$1,321,308
84$2,261,625$716,492$469,097$1,387,910
85$2,449,431$708,720$441,932$1,460,353
86$2,655,043$699,217$412,507$1,539,256
87$2,880,234$687,855$380,702$1,625,299
88$3,126,957$674,500$346,395$1,719,240
89$3,397,364$659,007$309,456$1,821,915
90$3,693,823$641,226$269,751$1,934,246
91$4,018,944$620,997$227,138$2,057,258
92$4,375,600$598,150$181,471$2,192,082
93$4,766,956$572,504$132,596$2,339,968
94$5,196,500$543,871$80,352$2,502,298
95$5,668,072$512,050$24,572$2,680,603
96$6,185,902$476,827$0$2,876,570
97$6,754,651$437,979$0$3,098,407
98$7,379,453$395,267$0$3,347,008
99$8,065,963$348,441$0$3,620,223
100$8,820,412$297,236$0$3,920,610