Can I retire at age 68 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$56,567$56,063$55,571$55,091$54,623$53,281
2 years$28,003$27,482$26,976$26,486$26,011$24,667
3 years$18,483$17,960$17,455$16,970$16,502$15,199
4 years$13,724$13,202$12,703$12,226$11,770$10,516
5 years$10,870$10,351$9,858$9,391$8,947$7,748
6 years$8,967$8,452$7,967$7,510$7,080$5,935
7 years$7,609$7,098$6,620$6,174$5,758$4,668
8 years$6,591$6,084$5,615$5,179$4,776$3,742
9 years$5,799$5,298$4,836$4,412$4,022$3,041
10 years$5,166$4,670$4,216$3,803$3,427$2,499
11 years$4,649$4,157$3,712$3,310$2,948$2,071
12 years$4,218$3,731$3,294$2,903$2,554$1,727
13 years$3,853$3,372$2,943$2,563$2,227$1,448
14 years$3,541$3,065$2,644$2,275$1,953$1,220
15 years$3,271$2,800$2,387$2,029$1,719$1,031
16 years$3,035$2,569$2,165$1,817$1,519$875
17 years$2,827$2,366$1,970$1,632$1,347$743
18 years$2,642$2,186$1,798$1,471$1,198$633
19 years$2,477$2,026$1,646$1,329$1,068$540
20 years$2,328$1,883$1,511$1,204$954$462
21 years$2,194$1,754$1,390$1,093$853$395
22 years$2,072$1,637$1,281$993$765$338
23 years$1,961$1,531$1,182$905$687$290
24 years$1,859$1,434$1,094$825$617$249
25 years$1,766$1,346$1,013$754$555$214
26 years$1,680$1,265$939$689$500$184
27 years$1,600$1,191$872$631$451$158
28 years$1,527$1,122$811$578$407$136
29 years$1,458$1,058$755$530$368$117
30 years$1,394$1,000$703$486$332$100
31 years$1,335$945$655$447$300$86
32 years$1,279$894$611$410$272$74
33 years$1,227$847$571$377$246$64
34 years$1,178$803$533$347$223$55
35 years$1,131$761$499$320$202$48
36 years$1,088$722$467$294$183$41
37 years$1,047$686$437$271$166$35
38 years$1,008$652$409$250$150$30
39 years$971$620$383$231$136$26
40 years$937$590$359$213$123$23
41 years$903$562$337$196$112$19
42 years$872$535$316$181$102$17
43 years$842$510$296$167$92$14
44 years$814$486$278$154$84$12
45 years$787$463$261$143$76$11
46 years$761$442$245$132$69$9
47 years$736$422$230$122$63$8
48 years$713$403$217$112$57$7
49 years$690$384$204$104$52$6
50 years$669$367$191$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $685,000, adding $6,943 every year, while hoping to spend $28,883 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: 75/19/6 Blend
67$685,000$685,000$685,000$685,000
68$762,032$725,727$715,109$818,179
69$809,028$730,556$708,334$860,891
70$859,849$734,654$700,364$903,303
71$914,856$737,954$691,128$948,938
72$974,443$740,386$680,553$998,107
73$1,039,046$741,875$668,562$1,051,148
74$1,109,143$742,340$655,072$1,108,435
75$1,185,259$741,699$640,001$1,170,382
76$1,267,973$739,859$623,258$1,237,442
77$1,357,921$736,727$604,752$1,310,118
78$1,455,803$732,201$584,385$1,388,961
79$1,562,389$726,173$562,056$1,474,581
80$1,678,527$718,529$537,659$1,567,649
81$1,805,149$709,150$511,084$1,668,904
82$1,943,282$697,907$482,213$1,779,164
83$2,094,057$684,663$450,927$1,899,326
84$2,258,715$669,277$417,098$2,030,384
85$2,438,628$651,595$380,594$2,173,429
86$2,635,302$631,457$341,277$2,329,667
87$2,850,396$608,692$299,004$2,500,428
88$3,085,738$583,119$253,622$2,687,176
89$3,343,340$554,549$204,975$2,891,526
90$3,625,417$522,778$152,898$3,115,260
91$3,934,410$487,595$97,221$3,360,340
92$4,273,004$448,771$37,762$3,628,932
93$4,644,160$406,070$0$3,923,422
94$5,051,136$359,239$0$4,248,086
95$5,497,521$308,012$0$4,606,867
96$5,987,270$252,106$0$5,000,558
97$6,524,736$191,224$0$5,432,697
98$7,114,717$125,052$0$5,907,187
99$7,762,497$53,257$0$6,428,329
100$8,473,895$0$0$7,000,864