Can I retire at age 68 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$56,071$55,572$55,084$54,609$54,144$53,313
2 years$27,758$27,241$26,740$26,254$25,783$24,948
3 years$18,322$17,802$17,303$16,821$16,358$15,544
4 years$13,604$13,087$12,592$12,119$11,667$10,881
5 years$10,775$10,260$9,772$9,308$8,869$8,114
6 years$8,889$8,378$7,897$7,444$7,018$6,294
7 years$7,542$7,036$6,562$6,120$5,707$5,015
8 years$6,533$6,031$5,566$5,134$4,735$4,073
9 years$5,748$5,251$4,794$4,373$3,987$3,357
10 years$5,121$4,629$4,179$3,770$3,397$2,798
11 years$4,608$4,121$3,679$3,281$2,922$2,352
12 years$4,181$3,698$3,265$2,878$2,532$1,991
13 years$3,819$3,342$2,917$2,541$2,208$1,696
14 years$3,510$3,038$2,621$2,255$1,935$1,451
15 years$3,242$2,775$2,367$2,011$1,704$1,246
16 years$3,008$2,546$2,146$1,801$1,506$1,074
17 years$2,802$2,345$1,952$1,618$1,335$928
18 years$2,619$2,167$1,782$1,458$1,187$804
19 years$2,455$2,008$1,632$1,318$1,058$698
20 years$2,308$1,866$1,497$1,193$945$607
21 years$2,175$1,738$1,377$1,083$846$528
22 years$2,054$1,623$1,269$985$758$461
23 years$1,944$1,518$1,172$897$681$402
24 years$1,843$1,422$1,084$818$612$351
25 years$1,751$1,334$1,004$747$551$307
26 years$1,665$1,254$931$683$496$269
27 years$1,586$1,180$865$625$447$235
28 years$1,513$1,112$804$573$403$206
29 years$1,445$1,049$748$525$364$181
30 years$1,382$991$697$482$329$159
31 years$1,323$937$650$443$298$139
32 years$1,268$886$606$407$269$122
33 years$1,216$839$566$374$244$107
34 years$1,167$795$529$344$221$94
35 years$1,122$755$494$317$200$83
36 years$1,078$716$462$292$181$73
37 years$1,038$680$433$269$164$64
38 years$999$646$405$248$149$56
39 years$963$615$380$229$135$49
40 years$928$585$356$211$122$43
41 years$896$557$334$194$111$38
42 years$864$530$313$179$101$33
43 years$835$505$294$166$91$29
44 years$807$482$276$153$83$26
45 years$780$459$259$141$75$23
46 years$754$438$243$131$68$20
47 years$730$418$228$121$62$18
48 years$707$399$215$111$56$15
49 years$684$381$202$103$51$14
50 years$663$364$190$95$47$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $679,000, adding $6,995 every year, while hoping to spend $52,009 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: 73/9/18 Blend
67$679,000$679,000$679,000$679,000
68$755,473$719,486$708,962$806,950
69$777,194$699,404$677,375$821,963
70$799,388$676,595$642,987$831,414
71$822,047$650,869$605,648$840,420
72$845,163$622,029$565,205$848,927
73$868,724$589,862$521,493$856,874
74$892,714$554,146$474,343$864,198
75$917,116$514,644$423,579$870,828
76$941,907$471,107$369,014$876,689
77$967,061$423,271$310,456$881,698
78$992,547$370,857$247,702$885,768
79$1,018,328$313,570$180,541$888,801
80$1,044,362$251,100$108,754$890,694
81$1,070,600$183,116$32,110$891,332
82$1,096,984$109,272$0$890,595
83$1,123,451$29,201$0$897,890
84$1,149,927$0$0$910,732
85$1,176,328$0$0$928,536
86$1,202,559$0$0$949,078
87$1,228,512$0$0$969,378
88$1,254,065$0$0$989,339
89$1,279,083$0$0$1,008,851
90$1,303,412$0$0$1,027,788
91$1,326,878$0$0$1,046,013
92$1,349,290$0$0$1,063,368
93$1,370,430$0$0$1,079,678
94$1,390,058$0$0$1,094,750
95$1,407,902$0$0$1,108,365
96$1,423,662$0$0$1,120,280
97$1,437,003$0$0$1,130,225
98$1,447,550$0$0$1,137,898
99$1,454,889$0$0$1,142,963
100$1,458,556$0$0$1,145,049