Can I retire at age 68 with 673,000?

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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$55,576$55,081$54,598$54,126$53,666$52,930
2 years$27,513$27,000$26,504$26,022$25,555$24,815
3 years$18,160$17,645$17,150$16,673$16,213$15,491
4 years$13,484$12,971$12,481$12,012$11,563$10,866
5 years$10,679$10,169$9,685$9,226$8,790$8,119
6 years$8,810$8,304$7,827$7,378$6,956$6,312
7 years$7,476$6,974$6,504$6,066$5,657$5,040
8 years$6,475$5,978$5,516$5,089$4,693$4,104
9 years$5,697$5,205$4,751$4,334$3,952$3,390
10 years$5,076$4,588$4,142$3,736$3,367$2,832
11 years$4,567$4,084$3,647$3,252$2,896$2,387
12 years$4,144$3,666$3,236$2,852$2,510$2,026
13 years$3,786$3,313$2,891$2,518$2,188$1,730
14 years$3,479$3,011$2,598$2,235$1,918$1,484
15 years$3,214$2,751$2,346$1,993$1,689$1,278
16 years$2,982$2,524$2,127$1,785$1,493$1,105
17 years$2,777$2,324$1,935$1,604$1,324$957
18 years$2,596$2,148$1,767$1,445$1,177$832
19 years$2,433$1,991$1,617$1,306$1,049$724
20 years$2,287$1,850$1,484$1,183$937$631
21 years$2,155$1,723$1,365$1,073$838$551
22 years$2,036$1,608$1,258$976$752$482
23 years$1,927$1,504$1,162$889$675$422
24 years$1,827$1,409$1,074$811$606$370
25 years$1,735$1,323$995$740$546$325
26 years$1,651$1,243$923$677$492$285
27 years$1,572$1,170$857$620$443$250
28 years$1,500$1,102$797$568$400$220
29 years$1,433$1,040$741$521$361$193
30 years$1,370$982$691$478$326$170
31 years$1,311$928$644$439$295$150
32 years$1,257$878$601$403$267$132
33 years$1,205$832$561$371$241$116
34 years$1,157$788$524$341$219$102
35 years$1,112$748$490$314$198$90
36 years$1,069$710$458$289$179$79
37 years$1,029$674$429$267$163$70
38 years$990$641$402$246$147$62
39 years$954$609$376$227$134$54
40 years$920$580$353$209$121$48
41 years$888$552$331$193$110$42
42 years$857$525$310$178$100$37
43 years$828$501$291$164$91$33
44 years$800$477$273$152$82$29
45 years$773$455$257$140$75$26
46 years$748$434$241$129$68$23
47 years$723$414$226$120$62$20
48 years$700$396$213$110$56$18
49 years$678$378$200$102$51$16
50 years$657$361$188$94$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $673,000, adding $3,752 every year, while hoping to spend $49,560 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: 82/5/13 Blend
67$673,000$673,000$673,000$673,000
68$745,516$709,847$699,416$804,530
69$768,827$691,898$670,115$825,836
70$792,855$671,409$638,171$842,332
71$817,621$648,202$603,444$858,983
72$843,145$622,091$565,786$875,779
73$869,449$592,877$525,044$892,707
74$896,557$560,351$481,056$909,756
75$924,489$524,292$433,655$926,913
76$953,270$484,465$382,665$944,162
77$982,923$440,623$327,904$961,487
78$1,013,471$392,504$269,179$978,870
79$1,044,940$339,831$206,291$996,293
80$1,077,353$282,313$139,031$1,013,734
81$1,110,736$219,639$67,182$1,031,171
82$1,145,114$151,485$0$1,048,580
83$1,180,513$77,505$0$1,067,250
84$1,216,958$0$0$1,095,866
85$1,254,476$0$0$1,125,249
86$1,293,093$0$0$1,159,881
87$1,332,834$0$0$1,195,522
88$1,373,726$0$0$1,232,194
89$1,415,794$0$0$1,269,920
90$1,459,065$0$0$1,308,724
91$1,503,563$0$0$1,348,627
92$1,549,315$0$0$1,389,653
93$1,596,343$0$0$1,431,823
94$1,644,671$0$0$1,475,157
95$1,694,322$0$0$1,519,676
96$1,745,317$0$0$1,565,399
97$1,797,676$0$0$1,612,343
98$1,851,417$0$0$1,660,524
99$1,906,557$0$0$1,709,957
100$1,963,110$0$0$1,760,655