Can I retire at age 68 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$54,585$54,099$53,624$53,161$52,709$52,421
2 years$27,022$26,519$26,031$25,558$25,100$24,809
3 years$17,836$17,330$16,844$16,375$15,924$15,640
4 years$13,244$12,740$12,258$11,798$11,357$11,081
5 years$10,489$9,988$9,513$9,062$8,634$8,367
6 years$8,653$8,156$7,688$7,247$6,831$6,575
7 years$7,342$6,849$6,389$5,958$5,556$5,309
8 years$6,360$5,871$5,418$4,998$4,609$4,372
9 years$5,596$5,112$4,666$4,257$3,882$3,654
10 years$4,985$4,506$4,068$3,670$3,307$3,090
11 years$4,486$4,011$3,582$3,194$2,844$2,637
12 years$4,070$3,600$3,179$2,801$2,465$2,266
13 years$3,718$3,254$2,840$2,473$2,149$1,960
14 years$3,417$2,958$2,552$2,195$1,884$1,704
15 years$3,156$2,702$2,304$1,958$1,659$1,487
16 years$2,928$2,479$2,089$1,753$1,466$1,303
17 years$2,728$2,283$1,901$1,575$1,300$1,145
18 years$2,549$2,109$1,735$1,420$1,156$1,009
19 years$2,390$1,955$1,588$1,283$1,030$891
20 years$2,247$1,817$1,458$1,162$920$789
21 years$2,117$1,692$1,341$1,054$824$699
22 years$2,000$1,580$1,236$959$738$621
23 years$1,892$1,477$1,141$873$663$552
24 years$1,794$1,384$1,055$796$596$491
25 years$1,704$1,299$977$727$536$438
26 years$1,621$1,221$906$665$483$390
27 years$1,544$1,149$842$609$435$348
28 years$1,473$1,083$783$558$393$311
29 years$1,407$1,021$728$511$355$278
30 years$1,346$965$678$469$320$249
31 years$1,288$912$632$431$290$222
32 years$1,234$863$590$396$262$199
33 years$1,184$817$551$364$237$178
34 years$1,136$774$515$335$215$160
35 years$1,092$735$481$309$194$143
36 years$1,050$697$450$284$176$128
37 years$1,010$662$421$262$160$115
38 years$973$629$395$241$145$103
39 years$937$598$370$222$131$92
40 years$904$569$346$205$119$83
41 years$872$542$325$189$108$74
42 years$842$516$305$175$98$67
43 years$813$492$286$161$89$60
44 years$785$469$268$149$81$54
45 years$759$447$252$138$73$48
46 years$734$426$237$127$67$43
47 years$711$407$222$117$60$39
48 years$688$388$209$108$55$35
49 years$666$371$196$100$50$31
50 years$645$354$185$93$45$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $661,000, adding $2,751 every year, while hoping to spend $30,701 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: 64/19/17 Blend
67$661,000$661,000$661,000$661,000
68$731,260$696,227$685,981$774,803
69$773,183$697,676$676,296$805,808
70$818,353$698,168$665,257$835,907
71$867,069$697,622$652,787$868,051
72$919,659$695,955$638,805$902,441
73$976,484$693,076$623,225$939,298
74$1,037,940$688,892$605,958$978,868
75$1,104,464$683,301$586,911$1,021,421
76$1,176,533$676,197$565,987$1,067,257
77$1,254,675$667,466$543,083$1,116,708
78$1,339,469$656,989$518,093$1,170,138
79$1,431,551$644,638$490,906$1,227,953
80$1,531,623$630,279$461,404$1,290,599
81$1,640,454$613,769$429,468$1,358,570
82$1,758,894$594,957$394,968$1,432,412
83$1,887,875$573,683$357,773$1,512,728
84$2,028,423$549,778$317,743$1,600,184
85$2,181,668$523,064$274,734$1,695,516
86$2,348,855$493,350$228,594$1,799,536
87$2,531,351$460,437$179,165$1,913,143
88$2,730,663$424,114$126,282$2,037,327
89$2,948,451$384,155$69,772$2,173,185
90$3,186,540$340,325$9,456$2,321,924
91$3,446,940$292,374$0$2,484,882
92$3,731,865$240,038$0$2,673,491
93$4,043,752$183,037$0$2,881,898
94$4,385,286$121,077$0$3,110,219
95$4,759,423$53,847$0$3,360,477
96$5,169,416$0$0$3,634,902
97$5,618,852$0$0$3,939,921
98$6,111,678$0$0$4,286,779
99$6,652,243$0$0$4,667,283
100$7,245,336$0$0$5,084,811