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%11%
1 years$56,236$55,735$55,247$54,770$54,304$54,075
2 years$27,840$27,321$26,819$26,332$25,859$25,628
3 years$18,375$17,855$17,354$16,871$16,406$16,180
4 years$13,644$13,125$12,629$12,155$11,701$11,482
5 years$10,806$10,290$9,801$9,336$8,895$8,683
6 years$8,915$8,403$7,920$7,466$7,038$6,834
7 years$7,564$7,057$6,582$6,138$5,724$5,527
8 years$6,552$6,049$5,582$5,149$4,749$4,560
9 years$5,765$5,267$4,808$4,386$3,999$3,818
10 years$5,136$4,642$4,191$3,781$3,407$3,234
11 years$4,621$4,133$3,690$3,290$2,930$2,764
12 years$4,193$3,709$3,275$2,886$2,539$2,381
13 years$3,831$3,352$2,926$2,548$2,214$2,063
14 years$3,521$3,047$2,629$2,262$1,941$1,797
15 years$3,252$2,783$2,374$2,017$1,709$1,572
16 years$3,017$2,554$2,152$1,806$1,511$1,380
17 years$2,810$2,352$1,958$1,623$1,339$1,215
18 years$2,626$2,173$1,788$1,462$1,191$1,073
19 years$2,462$2,014$1,636$1,321$1,061$950
20 years$2,315$1,872$1,502$1,197$948$842
21 years$2,181$1,743$1,381$1,086$848$748
22 years$2,060$1,627$1,273$988$761$666
23 years$1,950$1,522$1,176$899$683$593
24 years$1,849$1,426$1,087$820$614$529
25 years$1,756$1,338$1,007$749$552$473
26 years$1,670$1,258$934$685$497$422
27 years$1,591$1,184$867$627$448$378
28 years$1,518$1,115$806$574$405$338
29 years$1,450$1,052$750$527$365$303
30 years$1,386$994$699$483$330$272
31 years$1,327$939$651$444$298$244
32 years$1,272$889$608$408$270$219
33 years$1,220$842$568$375$244$196
34 years$1,171$798$530$345$221$176
35 years$1,125$757$496$318$200$158
36 years$1,082$718$464$293$182$142
37 years$1,041$682$434$270$165$128
38 years$1,002$648$407$249$149$115
39 years$966$616$381$229$135$103
40 years$931$587$357$211$123$93
41 years$898$558$335$195$111$84
42 years$867$532$314$180$101$75
43 years$837$507$295$166$92$68
44 years$809$483$277$153$83$61
45 years$782$461$260$142$76$55
46 years$757$439$244$131$69$49
47 years$732$419$229$121$62$44
48 years$709$400$215$112$57$40
49 years$686$382$202$103$51$36
50 years$665$365$190$95$47$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $681,000, adding $2,127 every year, while hoping to spend $54,118 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: 51/41/8 Blend
67$681,000$681,000$681,000$681,000
68$752,656$716,563$706,008$789,403
69$771,846$694,093$672,078$792,189
70$791,179$668,709$635,197$789,224
71$810,614$640,210$595,211$784,723
72$830,100$608,384$551,954$778,555
73$849,584$573,009$505,258$770,579
74$869,002$533,847$454,945$760,642
75$888,282$490,647$400,828$748,583
76$907,344$443,146$342,713$734,225
77$926,097$391,064$280,397$717,381
78$944,439$334,106$213,670$697,848
79$962,253$271,958$142,309$675,410
80$979,410$204,292$66,085$649,834
81$995,767$130,759$0$620,867
82$1,011,161$50,992$0$589,544
83$1,025,410$0$0$560,375
84$1,038,312$0$0$543,394
85$1,049,643$0$0$548,497
86$1,059,149$0$0$552,535
87$1,066,553$0$0$555,350
88$1,071,542$0$0$556,766
89$1,073,770$0$0$556,586
90$1,072,852$0$0$554,593
91$1,068,362$0$0$550,546
92$1,059,826$0$0$544,177
93$1,046,717$0$0$535,188
94$1,028,453$0$0$523,251
95$1,004,388$0$0$508,001
96$973,806$0$0$489,034
97$935,913$0$0$465,902
98$889,834$0$0$438,111
99$834,595$0$0$405,113
100$769,123$0$0$366,303