Can I retire at age 68 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$56,484$55,981$55,490$55,011$54,543$52,400
2 years$27,962$27,442$26,937$26,448$25,973$23,840
3 years$18,456$17,933$17,430$16,945$16,478$14,422
4 years$13,704$13,183$12,685$12,208$11,752$9,790
5 years$10,854$10,336$9,844$9,377$8,934$7,069
6 years$8,954$8,440$7,955$7,499$7,069$5,304
7 years$7,598$7,088$6,611$6,165$5,749$4,082
8 years$6,581$6,075$5,606$5,172$4,769$3,199
9 years$5,790$5,290$4,829$4,405$4,017$2,541
10 years$5,158$4,663$4,210$3,797$3,422$2,039
11 years$4,642$4,151$3,706$3,305$2,943$1,648
12 years$4,211$3,726$3,289$2,899$2,551$1,341
13 years$3,848$3,367$2,939$2,559$2,224$1,096
14 years$3,536$3,060$2,640$2,272$1,950$899
15 years$3,266$2,796$2,384$2,026$1,717$740
16 years$3,030$2,565$2,161$1,814$1,517$610
17 years$2,823$2,362$1,967$1,630$1,345$504
18 years$2,638$2,183$1,795$1,469$1,196$418
19 years$2,473$2,023$1,644$1,327$1,066$346
20 years$2,325$1,880$1,508$1,202$952$288
21 years$2,191$1,751$1,388$1,091$852$239
22 years$2,069$1,635$1,279$992$764$199
23 years$1,958$1,529$1,181$903$686$165
24 years$1,857$1,432$1,092$824$616$138
25 years$1,763$1,344$1,011$752$555$115
26 years$1,678$1,263$938$688$500$96
27 years$1,598$1,189$871$630$450$80
28 years$1,524$1,120$810$577$406$66
29 years$1,456$1,057$754$529$367$55
30 years$1,392$998$702$486$332$46
31 years$1,333$944$654$446$300$38
32 years$1,277$893$611$410$271$32
33 years$1,225$846$570$377$245$27
34 years$1,176$801$533$347$222$22
35 years$1,130$760$498$319$201$19
36 years$1,086$721$466$294$182$16
37 years$1,045$685$436$271$165$13
38 years$1,007$651$408$250$150$11
39 years$970$619$383$230$136$9
40 years$935$589$359$212$123$8
41 years$902$561$336$196$112$6
42 years$871$534$315$181$101$5
43 years$841$509$296$167$92$4
44 years$813$485$278$154$84$4
45 years$786$463$261$142$76$3
46 years$760$441$245$131$69$3
47 years$735$421$230$121$63$2
48 years$712$402$216$112$57$2
49 years$689$384$203$104$52$1
50 years$668$367$191$96$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $684,000, adding $6,330 every year, while hoping to spend $38,991 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: 78/8/14 Blend
67$684,000$684,000$684,000$684,000
68$760,297$724,045$713,443$816,936
69$796,362$718,037$695,858$849,120
70$834,798$710,428$676,376$878,816
71$875,806$701,098$654,894$910,292
72$919,607$689,921$631,301$943,713
73$966,441$676,761$605,484$979,256
74$1,016,573$661,478$577,323$1,017,121
75$1,070,293$643,919$546,692$1,057,525
76$1,127,917$623,926$513,461$1,100,710
77$1,189,796$601,330$477,493$1,146,941
78$1,256,312$575,951$438,646$1,196,512
79$1,327,884$547,602$396,769$1,249,747
80$1,404,975$516,081$351,708$1,307,004
81$1,488,092$481,178$303,299$1,368,676
82$1,577,790$442,668$251,372$1,435,199
83$1,674,681$400,316$195,750$1,507,053
84$1,779,438$353,871$136,247$1,584,769
85$1,892,800$303,069$72,670$1,668,931
86$2,015,577$247,632$4,817$1,760,185
87$2,148,664$187,264$0$1,859,244
88$2,293,043$121,654$0$1,976,990
89$2,449,791$50,474$0$2,105,618
90$2,620,099$0$0$2,245,400
91$2,805,271$0$0$2,399,772
92$3,006,745$0$0$2,572,588
93$3,226,103$0$0$2,760,765
94$3,465,085$0$0$2,965,797
95$3,725,605$0$0$3,189,331
96$4,009,771$0$0$3,433,178
97$4,319,903$0$0$3,699,331
98$4,658,554$0$0$3,989,985
99$5,028,535$0$0$4,307,554
100$5,432,941$0$0$4,654,700