Can I retire at age 68 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$56,236$55,735$55,247$54,770$54,304$53,670
2 years$27,840$27,321$26,819$26,332$25,859$25,221
3 years$18,375$17,855$17,354$16,871$16,406$15,783
4 years$13,644$13,125$12,629$12,155$11,701$11,099
5 years$10,806$10,290$9,801$9,336$8,895$8,315
6 years$8,915$8,403$7,920$7,466$7,038$6,481
7 years$7,564$7,057$6,582$6,138$5,724$5,190
8 years$6,552$6,049$5,582$5,149$4,749$4,238
9 years$5,765$5,267$4,808$4,386$3,999$3,511
10 years$5,136$4,642$4,191$3,781$3,407$2,942
11 years$4,621$4,133$3,690$3,290$2,930$2,487
12 years$4,193$3,709$3,275$2,886$2,539$2,118
13 years$3,831$3,352$2,926$2,548$2,214$1,814
14 years$3,521$3,047$2,629$2,262$1,941$1,562
15 years$3,252$2,783$2,374$2,017$1,709$1,350
16 years$3,017$2,554$2,152$1,806$1,511$1,170
17 years$2,810$2,352$1,958$1,623$1,339$1,018
18 years$2,626$2,173$1,788$1,462$1,191$887
19 years$2,462$2,014$1,636$1,321$1,061$775
20 years$2,315$1,872$1,502$1,197$948$679
21 years$2,181$1,743$1,381$1,086$848$595
22 years$2,060$1,627$1,273$988$761$522
23 years$1,950$1,522$1,176$899$683$459
24 years$1,849$1,426$1,087$820$614$404
25 years$1,756$1,338$1,007$749$552$356
26 years$1,670$1,258$934$685$497$314
27 years$1,591$1,184$867$627$448$277
28 years$1,518$1,115$806$574$405$244
29 years$1,450$1,052$750$527$365$215
30 years$1,386$994$699$483$330$190
31 years$1,327$939$651$444$298$168
32 years$1,272$889$608$408$270$149
33 years$1,220$842$568$375$244$132
34 years$1,171$798$530$345$221$116
35 years$1,125$757$496$318$200$103
36 years$1,082$718$464$293$182$91
37 years$1,041$682$434$270$165$81
38 years$1,002$648$407$249$149$71
39 years$966$616$381$229$135$63
40 years$931$587$357$211$123$56
41 years$898$558$335$195$111$50
42 years$867$532$314$180$101$44
43 years$837$507$295$166$92$39
44 years$809$483$277$153$83$34
45 years$782$461$260$142$76$31
46 years$757$439$244$131$69$27
47 years$732$419$229$121$62$24
48 years$709$400$215$112$57$21
49 years$686$382$202$103$51$19
50 years$665$365$190$95$47$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $681,000, adding $3,136 every year, while hoping to spend $48,486 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: 44/50/6 Blend
67$681,000$681,000$681,000$681,000
68$753,697$717,604$707,048$785,449
69$778,985$701,178$679,146$791,279
70$805,228$682,322$648,683$792,340
71$832,471$660,865$615,524$792,360
72$860,764$636,629$579,525$791,257
73$890,159$609,421$540,537$788,950
74$920,714$579,040$498,402$785,349
75$952,486$545,273$452,959$780,362
76$985,543$507,895$404,036$773,891
77$1,019,952$466,665$351,455$765,834
78$1,055,788$421,333$295,030$756,083
79$1,093,131$371,631$234,566$744,525
80$1,132,067$317,278$169,861$731,042
81$1,172,689$257,975$100,702$715,509
82$1,215,097$193,409$26,869$697,797
83$1,259,398$123,248$0$677,769
84$1,305,709$47,139$0$658,608
85$1,354,157$0$0$638,891
86$1,404,877$0$0$636,173
87$1,458,017$0$0$660,521
88$1,513,737$0$0$686,076
89$1,572,212$0$0$712,920
90$1,633,629$0$0$741,144
91$1,698,194$0$0$770,844
92$1,766,129$0$0$802,129
93$1,837,678$0$0$835,113
94$1,913,103$0$0$869,923
95$1,992,694$0$0$906,697
96$2,076,763$0$0$945,586
97$2,165,653$0$0$986,753
98$2,259,737$0$0$1,030,377
99$2,359,423$0$0$1,076,655
100$2,465,156$0$0$1,125,801