Can I retire at age 68 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$55,493$54,999$54,517$54,046$53,586$52,698
2 years$27,472$26,960$26,464$25,984$25,517$24,625
3 years$18,133$17,619$17,124$16,648$16,189$15,321
4 years$13,464$12,952$12,462$11,994$11,546$10,709
5 years$10,663$10,154$9,671$9,212$8,777$7,972
6 years$8,797$8,292$7,816$7,367$6,945$6,174
7 years$7,464$6,963$6,495$6,057$5,648$4,911
8 years$6,465$5,969$5,508$5,081$4,686$3,982
9 years$5,689$5,197$4,744$4,328$3,946$3,276
10 years$5,068$4,581$4,136$3,731$3,362$2,725
11 years$4,560$4,078$3,641$3,247$2,892$2,287
12 years$4,138$3,660$3,232$2,848$2,506$1,932
13 years$3,780$3,308$2,887$2,514$2,185$1,642
14 years$3,474$3,007$2,594$2,232$1,916$1,402
15 years$3,209$2,747$2,342$1,990$1,687$1,202
16 years$2,977$2,520$2,124$1,782$1,491$1,034
17 years$2,773$2,321$1,932$1,601$1,322$891
18 years$2,592$2,145$1,764$1,443$1,175$771
19 years$2,430$1,988$1,615$1,304$1,047$667
20 years$2,284$1,847$1,482$1,181$936$579
21 years$2,152$1,720$1,363$1,072$837$503
22 years$2,033$1,606$1,256$975$750$438
23 years$1,924$1,502$1,160$888$674$381
24 years$1,824$1,407$1,073$809$606$332
25 years$1,733$1,321$994$739$545$290
26 years$1,648$1,241$922$676$491$253
27 years$1,570$1,168$856$619$442$221
28 years$1,498$1,101$796$567$399$193
29 years$1,431$1,038$740$520$361$169
30 years$1,368$981$690$477$326$148
31 years$1,309$927$643$438$295$129
32 years$1,255$877$600$403$266$113
33 years$1,203$831$560$370$241$99
34 years$1,155$787$523$341$218$87
35 years$1,110$747$489$314$198$76
36 years$1,067$709$458$289$179$67
37 years$1,027$673$428$266$162$58
38 years$989$640$401$245$147$51
39 years$953$608$376$226$133$45
40 years$919$579$352$209$121$39
41 years$886$551$330$192$110$34
42 years$856$525$310$178$100$30
43 years$826$500$291$164$90$26
44 years$798$477$273$151$82$23
45 years$772$454$256$140$75$20
46 years$747$434$241$129$68$18
47 years$722$414$226$119$61$16
48 years$699$395$212$110$56$14
49 years$677$377$200$102$51$12
50 years$656$360$188$94$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $672,000, adding $5,239 every year, while hoping to spend $25,536 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: 68/12/20 Blend
67$672,000$672,000$672,000$672,000
68$745,948$710,332$699,916$792,630
69$794,865$717,968$696,193$832,147
70$847,915$725,123$691,490$871,899
71$905,493$731,745$685,746$914,765
72$968,034$737,781$678,899$961,050
73$1,036,015$743,174$670,883$1,011,091
74$1,109,961$747,861$661,630$1,065,260
75$1,190,450$751,780$651,068$1,123,967
76$1,278,118$754,859$639,121$1,187,664
77$1,373,665$757,026$625,710$1,256,851
78$1,477,860$758,202$610,753$1,332,078
79$1,591,552$758,304$594,163$1,413,950
80$1,715,674$757,244$575,851$1,503,139
81$1,851,252$754,929$555,722$1,600,383
82$1,999,418$751,258$533,676$1,706,495
83$2,161,415$746,126$509,611$1,822,374
84$2,338,615$739,422$483,419$1,949,011
85$2,532,527$731,027$454,986$2,087,498
86$2,744,812$720,814$424,195$2,239,041
87$2,977,300$708,651$390,923$2,404,969
88$3,232,006$694,397$355,040$2,586,747
89$3,511,149$677,900$316,413$2,785,991
90$3,817,173$659,005$274,900$3,004,484
91$4,152,770$637,541$230,354$3,244,192
92$4,520,905$613,333$182,624$3,507,283
93$4,924,843$586,192$131,547$3,796,148
94$5,368,181$555,920$76,958$4,113,421
95$5,854,881$522,306$18,682$4,462,010
96$6,389,308$485,127$0$4,845,119
97$6,976,269$444,150$0$5,275,568
98$7,621,060$399,125$0$5,752,827
99$8,329,516$349,790$0$6,277,243
100$9,108,065$295,868$0$6,853,598