Can I retire at age 68 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$54,007$53,526$53,056$52,598$52,151$51,844
2 years$26,736$26,238$25,755$25,288$24,834$24,524
3 years$17,647$17,147$16,666$16,202$15,756$15,453
4 years$13,103$12,605$12,128$11,673$11,237$10,943
5 years$10,378$9,882$9,412$8,966$8,542$8,259
6 years$8,561$8,070$7,606$7,170$6,759$6,486
7 years$7,265$6,777$6,321$5,895$5,497$5,234
8 years$6,292$5,809$5,361$4,945$4,560$4,308
9 years$5,537$5,058$4,617$4,212$3,840$3,599
10 years$4,932$4,458$4,025$3,631$3,272$3,041
11 years$4,438$3,969$3,544$3,160$2,814$2,593
12 years$4,027$3,562$3,145$2,772$2,439$2,228
13 years$3,679$3,219$2,810$2,447$2,127$1,926
14 years$3,381$2,926$2,525$2,172$1,864$1,673
15 years$3,123$2,673$2,279$1,937$1,641$1,459
16 years$2,897$2,453$2,067$1,735$1,451$1,278
17 years$2,699$2,259$1,881$1,558$1,286$1,122
18 years$2,522$2,087$1,717$1,404$1,144$988
19 years$2,365$1,934$1,572$1,269$1,019$872
20 years$2,223$1,797$1,442$1,149$911$771
21 years$2,095$1,674$1,327$1,043$815$683
22 years$1,978$1,563$1,223$948$730$606
23 years$1,872$1,462$1,129$864$656$538
24 years$1,775$1,370$1,044$788$589$479
25 years$1,686$1,285$967$719$530$426
26 years$1,604$1,208$897$658$478$380
27 years$1,528$1,137$833$602$431$339
28 years$1,458$1,071$774$552$389$302
29 years$1,392$1,011$720$506$351$270
30 years$1,331$954$671$464$317$241
31 years$1,274$902$626$426$287$216
32 years$1,221$854$584$392$259$193
33 years$1,171$808$545$360$235$173
34 years$1,124$766$509$332$212$154
35 years$1,080$727$476$305$192$138
36 years$1,039$690$445$281$174$124
37 years$999$655$417$259$158$111
38 years$962$623$390$239$143$99
39 years$927$592$366$220$130$89
40 years$894$563$343$203$118$80
41 years$863$536$321$187$107$72
42 years$833$511$302$173$97$64
43 years$804$487$283$160$88$58
44 years$777$464$266$147$80$52
45 years$751$442$249$136$73$46
46 years$727$422$234$126$66$41
47 years$703$403$220$116$60$37
48 years$681$384$207$107$54$33
49 years$659$367$194$99$49$30
50 years$639$351$183$92$45$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $654,000, adding $2,421 every year, while hoping to spend $53,280 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: 65/26/9 Blend
67$654,000$654,000$654,000$654,000
68$723,205$688,543$678,406$768,722
69$740,283$665,592$644,443$776,393
70$757,316$639,731$607,557$778,256
71$774,245$610,761$567,593$778,915
72$791,001$578,471$524,390$778,248
73$807,506$542,639$477,780$776,123
74$823,673$503,030$427,587$772,397
75$839,404$459,394$373,628$766,916
76$854,589$411,470$315,709$759,511
77$869,103$358,978$253,632$749,999
78$882,810$301,626$187,187$738,183
79$895,553$239,103$116,155$723,845
80$907,162$171,081$40,308$706,753
81$917,443$97,215$0$686,652
82$926,182$17,138$0$667,168
83$933,139$0$0$648,484
84$938,050$0$0$646,316
85$940,618$0$0$647,349
86$940,515$0$0$646,443
87$937,376$0$0$643,336
88$930,796$0$0$637,737
89$920,326$0$0$629,324
90$905,468$0$0$617,739
91$885,669$0$0$602,585
92$860,317$0$0$583,424
93$828,735$0$0$559,768
94$790,173$0$0$531,080
95$743,800$0$0$496,763
96$688,698$0$0$456,158
97$623,850$0$0$408,537
98$548,131$0$0$353,092
99$460,300$0$0$288,934
100$358,982$0$0$215,075