Can I retire at age 68 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$55,328$54,835$54,354$53,885$53,427$52,563
2 years$27,390$26,880$26,386$25,906$25,441$24,574
3 years$18,079$17,566$17,073$16,598$16,141$15,296
4 years$13,424$12,913$12,425$11,958$11,512$10,697
5 years$10,632$10,124$9,642$9,185$8,751$7,968
6 years$8,771$8,267$7,792$7,345$6,924$6,174
7 years$7,442$6,943$6,476$6,039$5,631$4,914
8 years$6,446$5,951$5,492$5,066$4,672$3,987
9 years$5,672$5,182$4,730$4,315$3,934$3,282
10 years$5,053$4,567$4,124$3,720$3,352$2,731
11 years$4,547$4,066$3,630$3,237$2,883$2,294
12 years$4,125$3,649$3,222$2,839$2,498$1,939
13 years$3,769$3,298$2,879$2,507$2,179$1,649
14 years$3,464$2,998$2,586$2,225$1,910$1,409
15 years$3,199$2,739$2,335$1,985$1,682$1,209
16 years$2,968$2,513$2,117$1,777$1,486$1,040
17 years$2,765$2,314$1,927$1,597$1,318$898
18 years$2,584$2,138$1,759$1,439$1,172$776
19 years$2,422$1,982$1,610$1,300$1,044$673
20 years$2,277$1,841$1,478$1,178$933$584
21 years$2,146$1,715$1,359$1,069$835$508
22 years$2,027$1,601$1,253$972$748$442
23 years$1,918$1,497$1,157$885$672$385
24 years$1,819$1,403$1,070$807$604$336
25 years$1,727$1,317$991$737$543$294
26 years$1,643$1,237$919$674$489$256
27 years$1,565$1,165$853$617$441$224
28 years$1,493$1,097$793$565$398$196
29 years$1,426$1,035$738$518$359$172
30 years$1,364$978$688$476$325$150
31 years$1,306$924$641$437$294$132
32 years$1,251$875$598$401$266$115
33 years$1,200$828$558$369$240$101
34 years$1,152$785$522$340$218$89
35 years$1,107$745$488$313$197$78
36 years$1,064$707$456$288$179$68
37 years$1,024$671$427$265$162$60
38 years$986$638$400$245$147$52
39 years$950$607$375$226$133$46
40 years$916$577$351$208$121$40
41 years$884$549$329$192$110$35
42 years$853$523$309$177$99$31
43 years$824$498$290$163$90$27
44 years$796$475$272$151$82$24
45 years$770$453$255$139$74$21
46 years$744$432$240$129$67$18
47 years$720$412$225$119$61$16
48 years$697$394$212$110$56$14
49 years$675$376$199$102$51$12
50 years$654$359$187$94$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $670,000, adding $5,215 every year, while hoping to spend $43,983 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: 43/28/29 Blend
67$670,000$670,000$670,000$670,000
68$743,719$708,209$697,824$769,220
69$772,781$696,114$674,404$775,931
70$803,333$681,952$648,725$778,651
71$835,481$665,575$620,665$780,767
72$869,339$646,828$590,096$782,248
73$905,033$625,544$556,886$783,066
74$942,699$601,548$520,894$783,191
75$982,486$574,655$481,975$782,597
76$1,024,555$544,669$439,977$781,256
77$1,069,083$511,382$394,740$779,145
78$1,116,265$474,574$346,099$776,239
79$1,166,310$434,014$293,879$772,521
80$1,219,449$389,457$237,900$767,971
81$1,275,935$340,643$177,972$762,578
82$1,336,045$287,298$113,898$756,333
83$1,400,079$229,133$45,471$749,232
84$1,468,369$165,842$0$741,278
85$1,541,277$97,103$0$741,005
86$1,619,200$22,575$0$755,477
87$1,702,574$0$0$770,707
88$1,791,877$0$0$804,713
89$1,887,630$0$0$848,689
90$1,990,410$0$0$895,950
91$2,100,845$0$0$946,793
92$2,219,629$0$0$1,001,546
93$2,347,520$0$0$1,060,565
94$2,485,353$0$0$1,124,246
95$2,634,044$0$0$1,193,021
96$2,794,600$0$0$1,267,365
97$2,968,127$0$0$1,347,800
98$3,155,840$0$0$1,434,902
99$3,359,077$0$0$1,529,301
100$3,579,306$0$0$1,631,692