Can I retire at age 68 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$55,906$55,408$54,922$54,448$53,985$52,383
2 years$27,676$27,161$26,661$26,177$25,707$24,106
3 years$18,268$17,750$17,252$16,772$16,310$14,760
4 years$13,564$13,048$12,555$12,083$11,632$10,146
5 years$10,743$10,230$9,743$9,281$8,843$7,424
6 years$8,863$8,353$7,874$7,422$6,997$5,647
7 years$7,520$7,015$6,543$6,102$5,690$4,409
8 years$6,514$6,013$5,549$5,119$4,721$3,507
9 years$5,731$5,236$4,779$4,360$3,975$2,828
10 years$5,106$4,615$4,167$3,759$3,387$2,305
11 years$4,594$4,108$3,668$3,271$2,913$1,894
12 years$4,168$3,688$3,256$2,869$2,525$1,566
13 years$3,808$3,332$2,909$2,533$2,201$1,302
14 years$3,500$3,029$2,613$2,249$1,930$1,087
15 years$3,233$2,767$2,360$2,005$1,699$911
16 years$2,999$2,539$2,139$1,796$1,502$765
17 years$2,794$2,338$1,947$1,613$1,331$644
18 years$2,611$2,161$1,777$1,454$1,184$543
19 years$2,448$2,002$1,627$1,314$1,055$459
20 years$2,301$1,861$1,493$1,190$943$389
21 years$2,168$1,733$1,373$1,080$843$329
22 years$2,048$1,618$1,266$982$756$279
23 years$1,938$1,513$1,169$894$679$237
24 years$1,838$1,418$1,081$816$610$201
25 years$1,745$1,330$1,001$745$549$171
26 years$1,660$1,250$928$681$494$145
27 years$1,582$1,177$862$623$446$124
28 years$1,509$1,109$801$571$402$105
29 years$1,441$1,046$746$524$363$90
30 years$1,378$988$695$481$328$76
31 years$1,319$934$648$441$297$65
32 years$1,264$884$604$406$268$55
33 years$1,212$837$564$373$243$47
34 years$1,164$793$527$343$220$40
35 years$1,118$752$493$316$199$34
36 years$1,075$714$461$291$180$29
37 years$1,035$678$432$268$164$25
38 years$996$645$404$247$148$21
39 years$960$613$379$228$134$18
40 years$926$583$355$210$122$15
41 years$893$555$333$194$111$13
42 years$862$529$312$179$100$11
43 years$832$504$293$165$91$10
44 years$804$480$275$153$83$8
45 years$778$458$258$141$75$7
46 years$752$437$242$130$68$6
47 years$728$417$228$120$62$5
48 years$705$398$214$111$56$4
49 years$682$380$201$103$51$4
50 years$661$363$189$95$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $677,000, adding $4,421 every year, while hoping to spend $52,454 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: 78/6/16 Blend
67$677,000$677,000$677,000$677,000
68$750,614$714,733$704,240$806,236
69$771,366$693,945$672,021$822,741
70$792,477$670,379$636,965$833,762
71$813,927$643,846$598,921$844,398
72$835,695$614,141$557,733$854,593
73$857,754$581,052$513,235$864,282
74$880,073$544,351$465,256$873,398
75$902,615$503,799$413,616$881,863
76$925,339$459,143$358,130$889,596
77$948,196$410,114$298,600$896,505
78$971,132$356,429$234,823$902,493
79$994,083$297,790$166,585$907,450
80$1,016,978$233,880$93,664$911,260
81$1,039,736$164,365$15,827$913,792
82$1,062,263$88,894$0$914,906
83$1,084,458$7,094$0$925,926
84$1,106,203$0$0$938,835
85$1,127,366$0$0$956,165
86$1,147,800$0$0$973,324
87$1,167,340$0$0$989,701
88$1,185,801$0$0$1,005,138
89$1,202,976$0$0$1,019,455
90$1,218,633$0$0$1,032,455
91$1,232,515$0$0$1,043,914
92$1,244,336$0$0$1,053,586
93$1,253,774$0$0$1,061,195
94$1,260,474$0$0$1,066,434
95$1,264,041$0$0$1,068,963
96$1,264,033$0$0$1,068,404
97$1,259,963$0$0$1,064,335
98$1,251,289$0$0$1,056,291
99$1,237,408$0$0$1,043,752
100$1,217,654$0$0$1,026,146