Can I retire at age 68 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$55,080$54,590$54,111$53,644$53,188$52,808
2 years$27,267$26,760$26,267$25,790$25,327$24,945
3 years$17,998$17,488$16,997$16,524$16,069$15,695
4 years$13,364$12,855$12,369$11,905$11,460$11,098
5 years$10,584$10,079$9,599$9,144$8,712$8,362
6 years$8,732$8,230$7,757$7,312$6,893$6,557
7 years$7,409$6,912$6,447$6,012$5,606$5,283
8 years$6,417$5,924$5,467$5,043$4,651$4,341
9 years$5,647$5,158$4,709$4,296$3,917$3,620
10 years$5,030$4,547$4,105$3,703$3,337$3,053
11 years$4,526$4,048$3,614$3,223$2,870$2,599
12 years$4,107$3,633$3,208$2,827$2,487$2,228
13 years$3,752$3,283$2,866$2,496$2,169$1,922
14 years$3,448$2,984$2,575$2,215$1,901$1,667
15 years$3,185$2,726$2,325$1,976$1,674$1,451
16 years$2,955$2,501$2,108$1,769$1,479$1,268
17 years$2,752$2,304$1,918$1,589$1,312$1,111
18 years$2,572$2,129$1,751$1,432$1,166$976
19 years$2,412$1,973$1,603$1,294$1,040$860
20 years$2,267$1,833$1,471$1,172$929$759
21 years$2,136$1,708$1,353$1,064$831$671
22 years$2,018$1,594$1,247$967$745$594
23 years$1,910$1,491$1,151$881$669$526
24 years$1,811$1,397$1,065$803$601$467
25 years$1,720$1,311$986$734$541$415
26 years$1,636$1,232$915$671$487$369
27 years$1,558$1,159$849$614$439$328
28 years$1,487$1,093$790$563$396$292
29 years$1,420$1,031$735$516$358$260
30 years$1,358$973$684$474$323$232
31 years$1,300$920$638$435$292$207
32 years$1,245$871$595$400$264$184
33 years$1,194$824$556$368$239$165
34 years$1,147$781$519$338$217$147
35 years$1,102$741$486$311$196$131
36 years$1,059$703$454$287$178$117
37 years$1,019$668$425$264$161$105
38 years$982$635$398$243$146$94
39 years$946$604$373$225$132$84
40 years$912$574$350$207$120$75
41 years$880$547$328$191$109$67
42 years$849$521$308$176$99$60
43 years$820$496$289$163$90$53
44 years$792$473$271$150$81$48
45 years$766$451$254$139$74$43
46 years$741$430$239$128$67$38
47 years$717$411$224$118$61$34
48 years$694$392$211$109$55$31
49 years$672$374$198$101$50$27
50 years$651$358$186$93$46$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $667,000, adding $2,391 every year, while hoping to spend $22,677 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: 59/18/23 Blend
67$667,000$667,000$667,000$667,000
68$737,500$702,149$691,811$776,346
69$788,597$712,426$690,858$813,322
70$844,146$722,447$689,114$850,974
71$904,577$732,175$686,527$891,547
72$970,363$741,571$683,045$935,328
73$1,042,025$750,593$678,612$982,635
74$1,120,136$759,196$673,170$1,033,818
75$1,205,327$767,334$666,658$1,089,265
76$1,298,292$774,955$659,013$1,149,400
77$1,399,795$782,005$650,167$1,214,696
78$1,510,677$788,426$640,051$1,285,672
79$1,631,864$794,158$628,591$1,362,901
80$1,764,376$799,134$615,711$1,447,015
81$1,909,336$803,284$601,330$1,538,712
82$2,067,978$806,535$585,365$1,638,762
83$2,241,665$808,808$567,728$1,748,014
84$2,431,894$810,019$548,326$1,867,404
85$2,640,317$810,080$527,064$1,997,966
86$2,868,750$808,895$503,842$2,140,841
87$3,119,196$806,364$478,554$2,297,285
88$3,393,859$802,380$451,090$2,468,687
89$3,695,167$796,832$421,337$2,656,577
90$4,025,796$789,598$389,173$2,862,642
91$4,388,691$780,553$354,474$3,088,745
92$4,787,098$769,560$317,109$3,336,939
93$5,224,591$756,477$276,942$3,609,489
94$5,705,108$741,154$233,828$3,908,893
95$6,232,988$723,429$187,621$4,237,906
96$6,813,010$703,134$138,162$4,599,566
97$7,450,438$680,088$85,292$4,997,224
98$8,151,072$654,102$28,838$5,434,576
99$8,921,302$624,974$0$5,915,695
100$9,768,169$592,492$0$6,452,782