Can I retire at age 68 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$54,750$54,262$53,786$53,322$52,869$52,360
2 years$27,104$26,599$26,110$25,636$25,176$24,663
3 years$17,890$17,383$16,895$16,425$15,972$15,472
4 years$13,284$12,778$12,295$11,833$11,392$10,907
5 years$10,521$10,018$9,542$9,089$8,660$8,193
6 years$8,679$8,181$7,711$7,269$6,852$6,403
7 years$7,365$6,870$6,408$5,976$5,573$5,142
8 years$6,379$5,889$5,434$5,013$4,623$4,211
9 years$5,613$5,127$4,681$4,270$3,893$3,499
10 years$5,000$4,520$4,081$3,681$3,317$2,941
11 years$4,499$4,023$3,593$3,203$2,853$2,494
12 years$4,082$3,611$3,188$2,810$2,472$2,130
13 years$3,729$3,264$2,849$2,481$2,156$1,831
14 years$3,427$2,966$2,559$2,202$1,890$1,581
15 years$3,166$2,710$2,311$1,964$1,664$1,371
16 years$2,937$2,486$2,095$1,758$1,471$1,193
17 years$2,736$2,290$1,906$1,580$1,304$1,041
18 years$2,557$2,116$1,740$1,424$1,159$911
19 years$2,397$1,961$1,593$1,287$1,033$799
20 years$2,253$1,822$1,462$1,165$923$702
21 years$2,123$1,697$1,345$1,057$826$618
22 years$2,006$1,584$1,240$962$740$544
23 years$1,898$1,482$1,144$876$665$480
24 years$1,800$1,388$1,058$799$597$424
25 years$1,709$1,303$980$729$538$375
26 years$1,626$1,225$909$667$484$332
27 years$1,549$1,152$844$610$437$294
28 years$1,478$1,086$785$559$394$260
29 years$1,411$1,024$730$513$356$231
30 years$1,350$968$680$471$321$205
31 years$1,292$915$634$432$291$182
32 years$1,238$865$592$397$263$161
33 years$1,187$820$553$365$238$143
34 years$1,140$777$516$336$215$127
35 years$1,095$737$483$309$195$113
36 years$1,053$699$452$285$177$100
37 years$1,013$664$423$263$160$89
38 years$976$631$396$242$145$79
39 years$940$600$371$223$132$71
40 years$906$571$348$206$119$63
41 years$874$544$326$190$108$56
42 years$844$518$306$175$98$50
43 years$815$493$287$162$89$44
44 years$788$470$269$149$81$39
45 years$762$448$253$138$74$35
46 years$737$428$237$127$67$31
47 years$713$408$223$118$61$28
48 years$690$390$210$109$55$25
49 years$668$372$197$101$50$22
50 years$647$355$185$93$45$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $663,000, adding $5,461 every year, while hoping to spend $41,198 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: 65/27/8 Blend
67$663,000$663,000$663,000$663,000
68$736,259$701,120$690,844$782,616
69$767,523$691,641$670,152$804,682
70$800,595$680,316$647,387$823,395
71$835,617$667,012$622,435$842,767
72$872,741$651,587$595,178$862,858
73$912,137$633,891$565,493$883,735
74$953,987$613,764$533,250$905,475
75$998,495$591,039$498,314$928,163
76$1,045,878$565,537$460,545$951,895
77$1,096,380$537,070$419,795$976,778
78$1,150,262$505,439$375,910$1,002,933
79$1,207,816$470,432$328,730$1,030,492
80$1,269,357$431,827$278,086$1,059,608
81$1,335,233$389,388$223,804$1,090,447
82$1,405,825$342,867$165,700$1,123,196
83$1,481,551$291,999$103,583$1,158,065
84$1,562,870$236,508$37,253$1,195,288
85$1,650,284$176,098$0$1,235,125
86$1,744,347$110,461$0$1,280,727
87$1,845,665$39,268$0$1,333,136
88$1,954,904$0$0$1,389,547
89$2,072,797$0$0$1,461,620
90$2,200,146$0$0$1,552,113
91$2,337,838$0$0$1,649,990
92$2,486,842$0$0$1,755,946
93$2,648,226$0$0$1,870,747
94$2,823,165$0$0$1,995,231
95$3,012,950$0$0$2,130,323
96$3,219,000$0$0$2,277,039
97$3,442,878$0$0$2,436,498
98$3,686,300$0$0$2,609,928
99$3,951,157$0$0$2,798,682
100$4,239,529$0$0$3,004,249