Can I retire at age 68 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$54,089$53,607$53,137$52,679$52,231$51,967
2 years$26,777$26,278$25,795$25,326$24,872$24,606
3 years$17,674$17,173$16,691$16,227$15,780$15,519
4 years$13,123$12,624$12,147$11,690$11,254$11,002
5 years$10,394$9,897$9,426$8,979$8,555$8,311
6 years$8,575$8,082$7,618$7,181$6,769$6,534
7 years$7,276$6,787$6,331$5,904$5,505$5,279
8 years$6,302$5,818$5,369$4,953$4,567$4,350
9 years$5,545$5,066$4,624$4,218$3,846$3,638
10 years$4,940$4,465$4,031$3,636$3,277$3,078
11 years$4,445$3,975$3,549$3,165$2,819$2,628
12 years$4,033$3,568$3,150$2,776$2,442$2,260
13 years$3,684$3,224$2,814$2,451$2,130$1,956
14 years$3,386$2,931$2,529$2,175$1,867$1,702
15 years$3,128$2,677$2,283$1,940$1,644$1,486
16 years$2,902$2,456$2,070$1,737$1,453$1,303
17 years$2,703$2,262$1,883$1,561$1,288$1,146
18 years$2,526$2,090$1,719$1,407$1,145$1,011
19 years$2,368$1,937$1,574$1,271$1,021$893
20 years$2,226$1,800$1,445$1,151$912$791
21 years$2,098$1,677$1,329$1,045$816$702
22 years$1,981$1,565$1,225$950$731$623
23 years$1,875$1,464$1,131$865$657$555
24 years$1,778$1,372$1,046$789$590$494
25 years$1,689$1,287$969$721$531$441
26 years$1,606$1,210$898$659$478$393
27 years$1,530$1,139$834$603$431$351
28 years$1,460$1,073$775$553$389$314
29 years$1,394$1,012$722$507$351$281
30 years$1,333$956$672$465$318$251
31 years$1,276$904$627$427$287$225
32 years$1,223$855$585$392$260$202
33 years$1,173$810$546$361$235$181
34 years$1,126$767$510$332$213$162
35 years$1,082$728$477$306$193$145
36 years$1,040$691$446$282$175$130
37 years$1,001$656$418$259$158$117
38 years$964$624$391$239$143$105
39 years$929$593$366$220$130$94
40 years$895$564$343$203$118$85
41 years$864$537$322$188$107$76
42 years$834$511$302$173$97$68
43 years$805$487$283$160$88$61
44 years$778$464$266$148$80$55
45 years$752$443$250$136$73$49
46 years$728$423$235$126$66$44
47 years$704$403$220$116$60$40
48 years$682$385$207$107$54$36
49 years$660$368$195$99$49$32
50 years$640$351$183$92$45$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $655,000, adding $5,628 every year, while hoping to spend $45,193 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: 53/42/5 Blend
67$655,000$655,000$655,000$655,000
68$727,615$692,900$682,748$765,087
69$753,747$678,767$657,535$776,933
70$781,030$662,427$629,963$784,359
71$809,533$643,724$599,904$791,332
72$839,331$622,493$567,227$797,817
73$870,507$598,559$531,793$803,776
74$903,148$571,738$493,458$809,173
75$937,349$541,833$452,069$813,970
76$973,215$508,639$407,469$818,128
77$1,010,857$471,937$359,494$821,607
78$1,050,397$431,494$307,970$824,368
79$1,091,968$387,068$252,717$826,372
80$1,135,714$338,399$193,548$827,580
81$1,181,791$285,216$130,266$827,953
82$1,230,371$227,228$62,667$827,453
83$1,281,639$164,132$0$826,043
84$1,335,798$95,607$0$824,195
85$1,393,069$21,311$0$824,972
86$1,453,695$0$0$825,009
87$1,517,937$0$0$851,613
88$1,586,086$0$0$890,315
89$1,658,455$0$0$931,447
90$1,735,389$0$0$975,210
91$1,817,265$0$0$1,021,822
92$1,904,496$0$0$1,071,524
93$1,997,534$0$0$1,124,578
94$2,096,873$0$0$1,181,271
95$2,203,055$0$0$1,241,920
96$2,316,676$0$0$1,306,870
97$2,438,386$0$0$1,376,501
98$2,568,902$0$0$1,451,229
99$2,709,007$0$0$1,531,510
100$2,859,561$0$0$1,617,845