Can I retire at age 68 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$54,915$54,426$53,949$53,483$53,028$52,496
2 years$27,186$26,679$26,189$25,713$25,251$24,716
3 years$17,944$17,435$16,946$16,475$16,021$15,498
4 years$13,324$12,817$12,332$11,869$11,426$10,920
5 years$10,552$10,049$9,570$9,117$8,686$8,198
6 years$8,705$8,205$7,734$7,291$6,873$6,404
7 years$7,387$6,891$6,427$5,994$5,589$5,140
8 years$6,398$5,907$5,451$5,028$4,637$4,206
9 years$5,630$5,143$4,695$4,283$3,905$3,493
10 years$5,015$4,533$4,093$3,692$3,327$2,934
11 years$4,513$4,036$3,603$3,213$2,862$2,487
12 years$4,094$3,622$3,198$2,818$2,480$2,123
13 years$3,741$3,273$2,857$2,488$2,162$1,823
14 years$3,438$2,975$2,567$2,209$1,896$1,573
15 years$3,175$2,718$2,318$1,970$1,669$1,363
16 years$2,946$2,494$2,101$1,764$1,475$1,186
17 years$2,744$2,297$1,912$1,585$1,308$1,034
18 years$2,565$2,122$1,746$1,428$1,163$904
19 years$2,404$1,967$1,598$1,290$1,037$792
20 years$2,260$1,828$1,467$1,169$926$696
21 years$2,130$1,702$1,349$1,061$829$612
22 years$2,012$1,589$1,243$964$743$539
23 years$1,904$1,486$1,148$878$667$475
24 years$1,805$1,393$1,062$801$599$419
25 years$1,714$1,307$983$732$539$370
26 years$1,631$1,228$912$669$486$327
27 years$1,554$1,156$847$612$438$290
28 years$1,482$1,089$787$561$395$256
29 years$1,416$1,028$733$514$357$227
30 years$1,354$970$682$472$322$201
31 years$1,296$917$636$434$291$178
32 years$1,242$868$594$398$264$158
33 years$1,191$822$554$366$239$140
34 years$1,143$779$518$337$216$125
35 years$1,098$739$484$310$196$111
36 years$1,056$701$453$286$177$98
37 years$1,016$666$424$263$161$87
38 years$979$633$397$243$146$78
39 years$943$602$372$224$132$69
40 years$909$573$349$206$120$61
41 years$877$545$327$190$109$54
42 years$847$519$307$176$99$48
43 years$818$495$288$162$90$43
44 years$790$472$270$150$81$38
45 years$764$450$254$138$74$34
46 years$739$429$238$128$67$30
47 years$715$409$224$118$61$27
48 years$692$391$210$109$55$24
49 years$670$373$198$101$50$21
50 years$649$357$186$93$46$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $665,000, adding $5,068 every year, while hoping to spend $43,611 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: 40/42/18 Blend
67$665,000$665,000$665,000$665,000
68$738,058$702,813$692,505$763,455
69$766,938$690,849$669,302$770,079
70$797,302$676,837$643,861$772,655
71$829,256$660,631$616,059$774,530
72$862,913$642,075$585,770$775,662
73$898,400$621,007$552,863$776,008
74$935,852$597,251$517,199$775,527
75$975,417$570,624$478,633$774,177
76$1,017,256$540,932$437,015$771,915
77$1,061,548$507,969$392,186$768,698
78$1,108,484$471,517$343,982$764,487
79$1,158,275$431,347$292,231$759,240
80$1,211,152$387,216$236,754$752,918
81$1,267,366$338,866$177,362$745,485
82$1,327,193$286,027$113,859$736,907
83$1,390,935$228,411$46,042$727,151
84$1,458,923$165,715$0$716,192
85$1,531,518$97,620$0$709,062
86$1,609,117$23,787$0$710,453
87$1,692,154$0$0$711,548
88$1,781,107$0$0$738,336
89$1,876,498$0$0$778,911
90$1,978,901$0$0$822,531
91$2,088,946$0$0$869,471
92$2,207,323$0$0$920,035
93$2,334,792$0$0$974,555
94$2,472,186$0$0$1,033,398
95$2,620,421$0$0$1,096,965
96$2,780,502$0$0$1,165,698
97$2,953,534$0$0$1,240,082
98$3,140,732$0$0$1,320,651
99$3,343,431$0$0$1,407,992
100$3,563,100$0$0$1,502,749