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%12.2%
1 years$54,089$53,607$53,137$52,679$52,231$51,750
2 years$26,777$26,278$25,795$25,326$24,872$24,387
3 years$17,674$17,173$16,691$16,227$15,780$15,307
4 years$13,123$12,624$12,147$11,690$11,254$10,796
5 years$10,394$9,897$9,426$8,979$8,555$8,114
6 years$8,575$8,082$7,618$7,181$6,769$6,345
7 years$7,276$6,787$6,331$5,904$5,505$5,098
8 years$6,302$5,818$5,369$4,953$4,567$4,177
9 years$5,545$5,066$4,624$4,218$3,846$3,473
10 years$4,940$4,465$4,031$3,636$3,277$2,921
11 years$4,445$3,975$3,549$3,165$2,819$2,478
12 years$4,033$3,568$3,150$2,776$2,442$2,118
13 years$3,684$3,224$2,814$2,451$2,130$1,822
14 years$3,386$2,931$2,529$2,175$1,867$1,574
15 years$3,128$2,677$2,283$1,940$1,644$1,366
16 years$2,902$2,456$2,070$1,737$1,453$1,189
17 years$2,703$2,262$1,883$1,561$1,288$1,039
18 years$2,526$2,090$1,719$1,407$1,145$910
19 years$2,368$1,937$1,574$1,271$1,021$798
20 years$2,226$1,800$1,445$1,151$912$702
21 years$2,098$1,677$1,329$1,045$816$618
22 years$1,981$1,565$1,225$950$731$545
23 years$1,875$1,464$1,131$865$657$481
24 years$1,778$1,372$1,046$789$590$425
25 years$1,689$1,287$969$721$531$376
26 years$1,606$1,210$898$659$478$333
27 years$1,530$1,139$834$603$431$295
28 years$1,460$1,073$775$553$389$262
29 years$1,394$1,012$722$507$351$232
30 years$1,333$956$672$465$318$206
31 years$1,276$904$627$427$287$183
32 years$1,223$855$585$392$260$163
33 years$1,173$810$546$361$235$145
34 years$1,126$767$510$332$213$129
35 years$1,082$728$477$306$193$114
36 years$1,040$691$446$282$175$102
37 years$1,001$656$418$259$158$91
38 years$964$624$391$239$143$81
39 years$929$593$366$220$130$72
40 years$895$564$343$203$118$64
41 years$864$537$322$188$107$57
42 years$834$511$302$173$97$51
43 years$805$487$283$160$88$45
44 years$778$464$266$148$80$40
45 years$752$443$250$136$73$36
46 years$728$423$235$126$66$32
47 years$704$403$220$116$60$28
48 years$682$385$207$107$54$25
49 years$660$368$195$99$49$22
50 years$640$351$183$92$45$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $655,000, adding $2,652 every year, while hoping to spend $29,658 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: 72/17/11 Blend
67$655,000$655,000$655,000$655,000
68$724,546$689,831$679,678$774,936
69$766,893$692,076$670,891$810,869
70$812,567$693,438$660,816$846,290
71$861,873$693,841$649,378$884,271
72$915,151$693,207$636,500$925,057
73$972,773$691,450$622,099$968,919
74$1,035,147$688,482$606,090$1,016,156
75$1,102,722$684,208$588,384$1,067,097
76$1,175,992$678,527$568,888$1,122,106
77$1,255,502$671,333$547,504$1,181,583
78$1,341,847$662,512$524,129$1,245,971
79$1,435,685$651,945$498,657$1,315,758
80$1,537,739$639,505$470,977$1,391,483
81$1,648,805$625,057$440,971$1,473,738
82$1,769,757$608,459$408,517$1,563,180
83$1,901,559$589,560$373,489$1,660,532
84$2,045,270$568,200$335,753$1,766,590
85$2,202,056$544,211$295,170$1,882,234
86$2,373,203$517,414$251,594$2,008,435
87$2,560,122$487,619$204,875$2,146,264
88$2,764,369$454,628$154,854$2,296,901
89$2,987,658$418,228$101,365$2,461,648
90$3,231,875$378,197$44,236$2,641,943
91$3,499,094$334,297$0$2,839,371
92$3,791,604$286,279$0$3,057,644
93$4,111,921$233,880$0$3,302,395
94$4,462,818$176,821$0$3,570,576
95$4,847,348$114,808$0$3,864,558
96$5,268,874$47,530$0$4,186,953
97$5,731,099$0$0$4,540,641
98$6,238,102$0$0$4,933,537
99$6,794,376$0$0$5,374,402
100$7,404,869$0$0$5,858,271