Can I retire at age 68 with 651,000?

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 $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%13.8%
1 years$53,759$53,280$52,813$52,357$51,912$51,094
2 years$26,613$26,118$25,637$25,172$24,720$23,898
3 years$17,566$17,068$16,589$16,128$15,683$14,883
4 years$13,043$12,547$12,073$11,619$11,185$10,413
5 years$10,330$9,837$9,369$8,925$8,503$7,760
6 years$8,522$8,033$7,571$7,137$6,728$6,016
7 years$7,231$6,746$6,292$5,868$5,472$4,791
8 years$6,263$5,782$5,336$4,922$4,539$3,890
9 years$5,511$5,035$4,596$4,193$3,823$3,204
10 years$4,910$4,438$4,007$3,614$3,257$2,668
11 years$4,418$3,951$3,528$3,145$2,801$2,242
12 years$4,008$3,546$3,131$2,759$2,428$1,897
13 years$3,662$3,204$2,797$2,436$2,117$1,614
14 years$3,365$2,913$2,513$2,162$1,856$1,380
15 years$3,109$2,661$2,269$1,928$1,634$1,185
16 years$2,884$2,441$2,057$1,727$1,444$1,020
17 years$2,686$2,248$1,872$1,551$1,280$881
18 years$2,511$2,078$1,709$1,398$1,138$763
19 years$2,354$1,925$1,564$1,263$1,015$661
20 years$2,213$1,789$1,436$1,144$906$575
21 years$2,085$1,667$1,321$1,038$811$500
22 years$1,969$1,556$1,217$944$727$436
23 years$1,864$1,455$1,124$860$653$380
24 years$1,767$1,363$1,039$784$587$332
25 years$1,678$1,279$963$716$528$290
26 years$1,597$1,202$893$655$475$253
27 years$1,521$1,132$829$599$429$222
28 years$1,451$1,066$771$549$387$194
29 years$1,386$1,006$717$504$349$170
30 years$1,325$950$668$462$316$149
31 years$1,269$898$623$424$285$131
32 years$1,216$850$581$390$258$114
33 years$1,166$805$543$359$234$100
34 years$1,119$763$507$330$211$88
35 years$1,075$723$474$304$192$77
36 years$1,034$687$443$280$174$68
37 years$995$652$415$258$157$60
38 years$958$620$389$238$143$52
39 years$923$589$364$219$129$46
40 years$890$561$341$202$117$40
41 years$859$534$320$186$106$35
42 years$829$508$300$172$97$31
43 years$800$484$282$159$88$27
44 years$773$462$264$147$80$24
45 years$748$440$248$135$72$21
46 years$723$420$233$125$66$18
47 years$700$401$219$116$60$16
48 years$677$383$206$107$54$14
49 years$656$365$193$99$49$13
50 years$636$349$182$91$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $651,000, adding $6,432 every year, while hoping to spend $53,081 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: 76/7/17 Blend
67$651,000$651,000$651,000$651,000
68$724,037$689,534$679,443$775,827
69$741,411$666,843$645,727$788,257
70$758,778$641,261$609,102$794,643
71$776,081$612,591$569,415$800,216
72$793,256$580,624$526,505$804,878
73$810,231$545,137$480,206$808,524
74$826,924$505,897$430,341$811,036
75$843,241$462,657$376,729$812,288
76$859,080$415,156$319,178$812,139
77$874,324$363,116$257,488$810,438
78$888,843$306,247$191,452$807,017
79$902,491$244,239$120,851$801,694
80$915,105$176,766$45,460$794,269
81$926,503$103,486$0$784,521
82$936,483$24,033$0$778,561
83$944,818$0$0$778,989
84$951,257$0$0$782,085
85$955,520$0$0$785,195
86$957,296$0$0$786,207
87$956,238$0$0$784,832
88$951,964$0$0$780,747
89$944,047$0$0$773,595
90$932,014$0$0$762,979
91$915,341$0$0$748,461
92$893,448$0$0$729,554
93$865,692$0$0$705,717
94$831,359$0$0$676,354
95$789,662$0$0$640,804
96$739,726$0$0$598,335
97$680,587$0$0$548,137
98$611,176$0$0$489,315
99$530,313$0$0$420,880
100$436,690$0$0$341,736