Can I retire at age 68 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$55,411$54,917$54,435$53,965$53,506$52,663
2 years$27,431$26,920$26,425$25,945$25,479$24,632
3 years$18,106$17,593$17,099$16,623$16,165$15,340
4 years$13,444$12,932$12,443$11,976$11,529$10,733
5 years$10,648$10,139$9,657$9,199$8,764$7,999
6 years$8,784$8,279$7,804$7,356$6,935$6,201
7 years$7,453$6,953$6,485$6,048$5,640$4,938
8 years$6,456$5,960$5,500$5,074$4,679$4,009
9 years$5,680$5,189$4,737$4,322$3,940$3,302
10 years$5,060$4,574$4,130$3,725$3,357$2,750
11 years$4,554$4,072$3,636$3,242$2,887$2,311
12 years$4,131$3,655$3,227$2,844$2,502$1,955
13 years$3,774$3,303$2,883$2,511$2,182$1,664
14 years$3,469$3,002$2,590$2,229$1,913$1,422
15 years$3,204$2,743$2,339$1,988$1,684$1,221
16 years$2,973$2,516$2,120$1,780$1,488$1,051
17 years$2,769$2,317$1,929$1,599$1,320$908
18 years$2,588$2,141$1,761$1,441$1,173$786
19 years$2,426$1,985$1,612$1,302$1,046$682
20 years$2,281$1,844$1,480$1,179$934$592
21 years$2,149$1,718$1,361$1,070$836$515
22 years$2,030$1,604$1,254$973$749$449
23 years$1,921$1,500$1,158$886$673$392
24 years$1,821$1,405$1,071$808$605$342
25 years$1,730$1,319$992$738$544$299
26 years$1,646$1,239$920$675$490$261
27 years$1,568$1,166$854$618$442$229
28 years$1,496$1,099$794$566$399$200
29 years$1,428$1,037$739$519$360$175
30 years$1,366$979$689$476$325$154
31 years$1,307$926$642$438$294$135
32 years$1,253$876$599$402$266$118
33 years$1,202$829$559$370$241$103
34 years$1,154$786$522$340$218$91
35 years$1,108$746$488$313$197$80
36 years$1,066$708$457$288$179$70
37 years$1,025$672$428$266$162$61
38 years$987$639$401$245$147$54
39 years$951$607$375$226$133$47
40 years$917$578$352$208$121$42
41 years$885$550$330$192$110$36
42 years$854$524$309$177$100$32
43 years$825$499$290$164$90$28
44 years$797$476$273$151$82$25
45 years$771$454$256$140$74$22
46 years$745$433$240$129$68$19
47 years$721$413$226$119$61$17
48 years$698$394$212$110$56$15
49 years$676$377$199$102$51$13
50 years$655$360$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 $671,000, adding $5,427 every year, while hoping to spend $30,797 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: 62/16/22 Blend
67$671,000$671,000$671,000$671,000
68$745,040$709,477$699,076$786,630
69$788,266$711,474$689,728$817,383
70$834,869$712,536$679,034$847,052
71$885,161$712,585$666,917$878,750
72$939,485$711,539$653,295$912,680
73$998,217$709,309$638,085$949,064
74$1,061,771$705,801$621,197$988,149
75$1,130,602$700,915$602,537$1,030,209
76$1,205,210$694,547$582,009$1,075,546
77$1,286,146$686,585$559,511$1,124,494
78$1,374,015$676,910$534,937$1,177,422
79$1,469,482$665,395$508,175$1,234,738
80$1,573,279$651,910$479,108$1,296,894
81$1,686,212$636,311$447,616$1,364,390
82$1,809,166$618,451$413,572$1,437,776
83$1,943,116$598,171$376,842$1,517,663
84$2,089,136$575,303$337,289$1,604,723
85$2,248,407$549,672$294,767$1,699,702
86$2,422,227$521,089$249,125$1,803,421
87$2,612,029$489,357$200,205$1,916,789
88$2,819,387$454,266$147,842$2,040,811
89$3,046,034$415,595$91,865$2,176,593
90$3,293,880$373,110$32,093$2,325,361
91$3,565,027$326,563$0$2,488,466
92$3,861,788$275,693$0$2,674,842
93$4,186,713$220,225$0$2,887,220
94$4,542,608$159,865$0$3,119,927
95$4,932,562$94,307$0$3,375,022
96$5,359,980$23,224$0$3,654,777
97$5,828,609$0$0$3,961,693
98$6,342,580$0$0$4,307,990
99$6,906,437$0$0$4,692,436
100$7,525,192$0$0$5,114,365