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%15.8%
1 years$54,007$53,526$53,056$52,598$52,151$50,911
2 years$26,736$26,238$25,755$25,288$24,834$23,592
3 years$17,647$17,147$16,666$16,202$15,756$14,550
4 years$13,103$12,605$12,128$11,673$11,237$10,078
5 years$10,378$9,882$9,412$8,966$8,542$7,432
6 years$8,561$8,070$7,606$7,170$6,759$5,700
7 years$7,265$6,777$6,321$5,895$5,497$4,488
8 years$6,292$5,809$5,361$4,945$4,560$3,602
9 years$5,537$5,058$4,617$4,212$3,840$2,931
10 years$4,932$4,458$4,025$3,631$3,272$2,411
11 years$4,438$3,969$3,544$3,160$2,814$2,000
12 years$4,027$3,562$3,145$2,772$2,439$1,671
13 years$3,679$3,219$2,810$2,447$2,127$1,403
14 years$3,381$2,926$2,525$2,172$1,864$1,183
15 years$3,123$2,673$2,279$1,937$1,641$1,002
16 years$2,897$2,453$2,067$1,735$1,451$851
17 years$2,699$2,259$1,881$1,558$1,286$724
18 years$2,522$2,087$1,717$1,404$1,144$618
19 years$2,365$1,934$1,572$1,269$1,019$528
20 years$2,223$1,797$1,442$1,149$911$452
21 years$2,095$1,674$1,327$1,043$815$387
22 years$1,978$1,563$1,223$948$730$332
23 years$1,872$1,462$1,129$864$656$285
24 years$1,775$1,370$1,044$788$589$245
25 years$1,686$1,285$967$719$530$211
26 years$1,604$1,208$897$658$478$181
27 years$1,528$1,137$833$602$431$156
28 years$1,458$1,071$774$552$389$135
29 years$1,392$1,011$720$506$351$116
30 years$1,331$954$671$464$317$100
31 years$1,274$902$626$426$287$86
32 years$1,221$854$584$392$259$74
33 years$1,171$808$545$360$235$64
34 years$1,124$766$509$332$212$55
35 years$1,080$727$476$305$192$48
36 years$1,039$690$445$281$174$41
37 years$999$655$417$259$158$35
38 years$962$623$390$239$143$31
39 years$927$592$366$220$130$26
40 years$894$563$343$203$118$23
41 years$863$536$321$187$107$20
42 years$833$511$302$173$97$17
43 years$804$487$283$160$88$15
44 years$777$464$266$147$80$13
45 years$751$442$249$136$73$11
46 years$727$422$234$126$66$9
47 years$703$403$220$116$60$8
48 years$681$384$207$107$54$7
49 years$659$367$194$99$49$6
50 years$639$351$183$92$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $654,000, adding $4,840 every year, while hoping to spend $50,472 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: 53/17/30 Blend
67$654,000$654,000$654,000$654,000
68$725,700$691,038$680,901$757,837
69$746,020$671,198$650,010$760,841
70$766,721$648,693$616,392$758,617
71$787,788$623,340$579,903$755,214
72$809,204$594,946$540,391$750,538
73$830,948$563,304$497,699$744,493
74$852,995$528,196$451,663$736,974
75$875,316$489,392$402,108$727,870
76$897,875$446,650$348,856$717,060
77$920,634$399,711$291,718$704,419
78$943,546$348,304$230,499$689,809
79$966,559$292,143$164,992$673,087
80$989,613$230,922$94,983$654,095
81$1,012,638$164,323$20,251$632,668
82$1,035,558$92,005$0$608,628
83$1,058,285$13,613$0$600,831
84$1,080,718$0$0$598,183
85$1,102,745$0$0$607,381
86$1,124,241$0$0$618,780
87$1,145,063$0$0$629,750
88$1,165,053$0$0$640,195
89$1,184,033$0$0$650,012
90$1,201,803$0$0$659,083
91$1,218,141$0$0$667,275
92$1,232,799$0$0$674,444
93$1,245,499$0$0$680,426
94$1,255,935$0$0$685,040
95$1,263,761$0$0$688,084
96$1,268,597$0$0$689,332
97$1,270,018$0$0$688,537
98$1,267,553$0$0$685,420
99$1,260,679$0$0$679,675
100$1,248,813$0$0$670,961