Can I retire at age 68 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$54,832$54,344$53,868$53,402$52,948$50,928
2 years$27,145$26,639$26,149$25,674$25,213$23,202
3 years$17,917$17,409$16,920$16,450$15,996$14,057
4 years$13,304$12,797$12,314$11,851$11,409$9,556
5 years$10,537$10,033$9,556$9,103$8,673$6,911
6 years$8,692$8,193$7,723$7,280$6,862$5,194
7 years$7,376$6,880$6,418$5,985$5,581$4,004
8 years$6,389$5,898$5,443$5,021$4,630$3,144
9 years$5,621$5,135$4,688$4,276$3,899$2,502
10 years$5,008$4,526$4,087$3,686$3,322$2,011
11 years$4,506$4,030$3,598$3,208$2,857$1,629
12 years$4,088$3,617$3,193$2,814$2,476$1,328
13 years$3,735$3,268$2,853$2,484$2,159$1,087
14 years$3,433$2,971$2,563$2,205$1,893$894
15 years$3,171$2,714$2,314$1,967$1,666$737
16 years$2,942$2,490$2,098$1,761$1,473$609
17 years$2,740$2,293$1,909$1,582$1,306$505
18 years$2,561$2,119$1,743$1,426$1,161$419
19 years$2,401$1,964$1,596$1,288$1,035$348
20 years$2,257$1,825$1,464$1,167$924$290
21 years$2,127$1,700$1,347$1,059$827$241
22 years$2,009$1,587$1,241$963$742$201
23 years$1,901$1,484$1,146$877$666$168
24 years$1,802$1,390$1,060$800$598$140
25 years$1,712$1,305$982$730$538$117
26 years$1,628$1,226$911$668$485$98
27 years$1,551$1,154$846$611$437$82
28 years$1,480$1,088$786$560$395$68
29 years$1,413$1,026$732$514$356$57
30 years$1,352$969$681$471$322$48
31 years$1,294$916$635$433$291$40
32 years$1,240$867$593$398$263$33
33 years$1,189$821$553$366$238$28
34 years$1,142$778$517$337$216$23
35 years$1,097$738$483$310$195$19
36 years$1,055$700$452$285$177$16
37 years$1,015$665$423$263$160$14
38 years$977$632$396$242$145$11
39 years$942$601$371$223$132$10
40 years$908$572$348$206$120$8
41 years$876$544$326$190$109$7
42 years$845$518$306$176$98$6
43 years$816$494$287$162$89$5
44 years$789$471$270$150$81$4
45 years$763$449$253$138$74$3
46 years$738$428$238$128$67$3
47 years$714$409$223$118$61$2
48 years$691$390$210$109$55$2
49 years$669$373$197$101$50$2
50 years$648$356$186$93$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $664,000, adding $4,098 every year, while hoping to spend $41,614 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: 51/39/10 Blend
67$664,000$664,000$664,000$664,000
68$735,955$700,763$690,471$771,356
69$766,746$690,824$669,325$786,022
70$799,282$679,002$646,076$797,173
71$833,698$665,163$620,609$808,329
72$870,141$649,162$592,805$819,501
73$908,771$630,845$562,539$830,704
74$949,761$610,053$529,680$841,957
75$993,304$586,613$494,091$853,282
76$1,039,608$560,344$455,631$864,710
77$1,088,903$531,055$414,149$876,274
78$1,141,438$498,544$369,490$888,017
79$1,197,488$462,596$321,491$899,988
80$1,257,353$422,985$269,982$912,246
81$1,321,362$379,470$214,786$924,860
82$1,389,877$331,800$155,717$937,910
83$1,463,294$279,707$92,583$951,490
84$1,542,045$222,908$25,180$965,708
85$1,626,608$161,106$0$980,686
86$1,717,506$93,984$0$1,001,557
87$1,815,313$21,210$0$1,026,685
88$1,920,658$0$0$1,053,592
89$2,034,234$0$0$1,107,221
90$2,156,802$0$0$1,174,971
91$2,289,196$0$0$1,248,207
92$2,432,335$0$0$1,327,446
93$2,587,229$0$0$1,413,252
94$2,754,985$0$0$1,506,249
95$2,936,824$0$0$1,607,120
96$3,134,087$0$0$1,716,617
97$3,348,248$0$0$1,835,569
98$3,580,930$0$0$1,964,885
99$3,833,917$0$0$2,105,567
100$4,109,172$0$0$2,258,717