Can I retire at age 68 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$53,924$53,444$52,975$52,518$52,071$50,485
2 years$26,695$26,198$25,716$25,249$24,796$23,212
3 years$17,620$17,121$16,640$16,177$15,731$14,199
4 years$13,083$12,585$12,110$11,655$11,220$9,750
5 years$10,362$9,867$9,398$8,952$8,529$7,127
6 years$8,548$8,057$7,595$7,159$6,749$5,415
7 years$7,253$6,766$6,311$5,886$5,489$4,223
8 years$6,283$5,800$5,352$4,937$4,553$3,355
9 years$5,528$5,050$4,610$4,206$3,835$2,703
10 years$4,925$4,451$4,019$3,625$3,267$2,200
11 years$4,431$3,963$3,538$3,155$2,810$1,805
12 years$4,021$3,557$3,140$2,767$2,435$1,491
13 years$3,673$3,214$2,806$2,443$2,123$1,238
14 years$3,376$2,922$2,521$2,169$1,861$1,032
15 years$3,118$2,669$2,276$1,934$1,639$863
16 years$2,893$2,449$2,063$1,732$1,448$724
17 years$2,695$2,255$1,878$1,556$1,284$609
18 years$2,518$2,084$1,714$1,402$1,142$513
19 years$2,361$1,931$1,569$1,267$1,018$433
20 years$2,219$1,795$1,440$1,148$909$366
21 years$2,091$1,672$1,325$1,042$814$309
22 years$1,975$1,560$1,221$947$729$262
23 years$1,869$1,459$1,127$862$655$222
24 years$1,773$1,367$1,042$787$588$188
25 years$1,684$1,283$966$718$529$160
26 years$1,602$1,206$896$657$477$135
27 years$1,526$1,135$832$601$430$115
28 years$1,455$1,070$773$551$388$98
29 years$1,390$1,009$719$505$350$83
30 years$1,329$953$670$464$317$71
31 years$1,272$901$625$426$286$60
32 years$1,219$852$583$391$259$51
33 years$1,169$807$544$360$234$43
34 years$1,123$765$508$331$212$37
35 years$1,079$726$475$305$192$31
36 years$1,037$689$445$281$174$27
37 years$998$654$416$259$158$23
38 years$961$622$390$238$143$19
39 years$926$591$365$220$130$16
40 years$893$562$342$203$118$14
41 years$861$535$321$187$107$12
42 years$831$510$301$173$97$10
43 years$803$486$283$159$88$9
44 years$776$463$265$147$80$7
45 years$750$442$249$136$72$6
46 years$725$421$234$126$66$5
47 years$702$402$220$116$60$5
48 years$680$384$206$107$54$4
49 years$658$366$194$99$49$3
50 years$638$350$182$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $653,000, adding $5,405 every year, while hoping to spend $55,875 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: 68/16/16 Blend
67$653,000$653,000$653,000$653,000
68$725,181$690,572$680,451$771,387
69$739,699$664,960$643,795$777,274
70$753,825$636,219$604,039$776,616
71$767,460$604,139$561,020$774,495
72$780,494$568,495$514,566$770,763
73$792,802$529,048$464,501$765,256
74$804,245$485,549$410,639$757,798
75$814,668$437,731$352,786$748,197
76$823,899$385,314$290,739$736,243
77$831,744$328,003$224,287$721,706
78$837,990$265,483$153,208$704,338
79$842,397$197,424$77,273$683,865
80$844,700$123,476$0$659,991
81$844,604$43,271$0$633,033
82$841,781$0$0$616,116
83$835,868$0$0$603,363
84$826,460$0$0$595,589
85$813,111$0$0$584,838
86$795,324$0$0$570,739
87$772,551$0$0$552,878
88$744,181$0$0$530,799
89$709,542$0$0$503,996
90$667,888$0$0$471,909
91$618,393$0$0$433,919
92$560,145$0$0$389,341
93$492,134$0$0$337,419
94$413,243$0$0$277,313
95$322,239$0$0$208,099
96$217,759$0$0$128,754
97$98,295$0$0$38,149
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0