Can I retire at age 68 with 655,000?

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 $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%14.2%
1 years$54,089$53,607$53,137$52,679$52,231$51,323
2 years$26,777$26,278$25,795$25,326$24,872$23,960
3 years$17,674$17,173$16,691$16,227$15,780$14,893
4 years$13,123$12,624$12,147$11,690$11,254$10,399
5 years$10,394$9,897$9,426$8,979$8,555$7,734
6 years$8,575$8,082$7,618$7,181$6,769$5,983
7 years$7,276$6,787$6,331$5,904$5,505$4,754
8 years$6,302$5,818$5,369$4,953$4,567$3,850
9 years$5,545$5,066$4,624$4,218$3,846$3,164
10 years$4,940$4,465$4,031$3,636$3,277$2,628
11 years$4,445$3,975$3,549$3,165$2,819$2,203
12 years$4,033$3,568$3,150$2,776$2,442$1,859
13 years$3,684$3,224$2,814$2,451$2,130$1,578
14 years$3,386$2,931$2,529$2,175$1,867$1,345
15 years$3,128$2,677$2,283$1,940$1,644$1,152
16 years$2,902$2,456$2,070$1,737$1,453$989
17 years$2,703$2,262$1,883$1,561$1,288$852
18 years$2,526$2,090$1,719$1,407$1,145$735
19 years$2,368$1,937$1,574$1,271$1,021$636
20 years$2,226$1,800$1,445$1,151$912$551
21 years$2,098$1,677$1,329$1,045$816$478
22 years$1,981$1,565$1,225$950$731$415
23 years$1,875$1,464$1,131$865$657$361
24 years$1,778$1,372$1,046$789$590$314
25 years$1,689$1,287$969$721$531$273
26 years$1,606$1,210$898$659$478$238
27 years$1,530$1,139$834$603$431$208
28 years$1,460$1,073$775$553$389$181
29 years$1,394$1,012$722$507$351$158
30 years$1,333$956$672$465$318$138
31 years$1,276$904$627$427$287$121
32 years$1,223$855$585$392$260$106
33 years$1,173$810$546$361$235$92
34 years$1,126$767$510$332$213$81
35 years$1,082$728$477$306$193$71
36 years$1,040$691$446$282$175$62
37 years$1,001$656$418$259$158$54
38 years$964$624$391$239$143$47
39 years$929$593$366$220$130$41
40 years$895$564$343$203$118$36
41 years$864$537$322$188$107$32
42 years$834$511$302$173$97$28
43 years$805$487$283$160$88$24
44 years$778$464$266$148$80$21
45 years$752$443$250$136$73$19
46 years$728$423$235$126$66$16
47 years$704$403$220$116$60$14
48 years$682$385$207$107$54$12
49 years$660$368$195$99$49$11
50 years$640$351$183$92$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $655,000, adding $5,781 every year, while hoping to spend $43,853 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: 53/22/25 Blend
67$655,000$655,000$655,000$655,000
68$727,773$693,058$682,906$761,016
69$755,347$680,359$659,124$771,898
70$784,263$665,567$633,075$778,751
71$814,613$648,535$604,638$785,310
72$846,494$629,104$573,685$791,563
73$880,015$607,108$540,081$797,501
74$915,290$582,371$503,688$803,114
75$952,448$554,705$464,359$808,395
76$991,625$523,913$421,943$813,341
77$1,032,972$489,786$376,279$817,950
78$1,076,653$452,103$327,202$822,223
79$1,122,846$410,631$274,538$826,167
80$1,171,747$365,122$218,106$829,792
81$1,223,568$315,316$157,715$833,112
82$1,278,543$260,937$93,170$836,150
83$1,336,925$201,694$24,262$838,934
84$1,398,994$137,280$0$841,499
85$1,465,053$67,368$0$857,036
86$1,535,436$0$0$880,215
87$1,610,508$0$0$906,717
88$1,690,669$0$0$952,467
89$1,776,357$0$0$1,001,412
90$1,868,051$0$0$1,053,830
91$1,966,280$0$0$1,110,029
92$2,071,620$0$0$1,170,345
93$2,184,706$0$0$1,235,146
94$2,306,232$0$0$1,304,837
95$2,436,962$0$0$1,379,864
96$2,577,735$0$0$1,460,715
97$2,729,472$0$0$1,547,926
98$2,893,183$0$0$1,642,086
99$3,069,979$0$0$1,743,843
100$3,261,082$0$0$1,853,908