Can I retire at age 68 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$56,649$56,145$55,652$55,172$54,703$53,143
2 years$28,044$27,522$27,016$26,525$26,049$24,490
3 years$18,510$17,986$17,481$16,995$16,526$15,017
4 years$13,744$13,222$12,722$12,244$11,787$10,338
5 years$10,886$10,366$9,873$9,404$8,960$7,576
6 years$8,980$8,464$7,978$7,521$7,090$5,772
7 years$7,620$7,108$6,630$6,183$5,766$4,514
8 years$6,600$6,093$5,623$5,187$4,783$3,597
9 years$5,807$5,305$4,843$4,418$4,028$2,906
10 years$5,174$4,676$4,222$3,808$3,432$2,373
11 years$4,655$4,163$3,717$3,315$2,952$1,954
12 years$4,224$3,737$3,299$2,907$2,558$1,619
13 years$3,859$3,377$2,947$2,567$2,231$1,349
14 years$3,546$3,069$2,648$2,278$1,955$1,128
15 years$3,276$2,804$2,391$2,032$1,722$947
16 years$3,039$2,573$2,168$1,819$1,522$797
17 years$2,831$2,369$1,973$1,635$1,349$673
18 years$2,646$2,189$1,801$1,473$1,200$569
19 years$2,480$2,029$1,648$1,331$1,069$482
20 years$2,331$1,885$1,513$1,206$955$409
21 years$2,197$1,756$1,392$1,094$855$347
22 years$2,075$1,639$1,283$995$766$295
23 years$1,964$1,533$1,184$906$688$251
24 years$1,862$1,437$1,095$826$618$214
25 years$1,769$1,348$1,014$755$556$182
26 years$1,682$1,267$941$690$501$155
27 years$1,603$1,192$874$632$452$132
28 years$1,529$1,124$812$579$408$113
29 years$1,460$1,060$756$531$368$96
30 years$1,396$1,001$704$487$333$82
31 years$1,337$946$656$447$301$70
32 years$1,281$895$612$411$272$60
33 years$1,229$848$572$378$246$51
34 years$1,179$804$534$348$223$44
35 years$1,133$762$499$320$202$37
36 years$1,090$724$467$295$183$32
37 years$1,048$687$437$272$166$27
38 years$1,010$653$409$250$150$23
39 years$973$621$384$231$136$20
40 years$938$591$360$213$124$17
41 years$905$562$337$196$112$14
42 years$873$536$316$181$102$12
43 years$844$510$297$167$92$11
44 years$815$486$279$155$84$9
45 years$788$464$262$143$76$8
46 years$762$443$246$132$69$7
47 years$737$422$231$122$63$6
48 years$714$403$217$113$57$5
49 years$691$385$204$104$52$4
50 years$670$368$192$96$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $686,000, adding $3,997 every year, while hoping to spend $38,898 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: 75/12/13 Blend
67$686,000$686,000$686,000$686,000
68$760,095$723,737$713,104$814,774
69$796,237$717,813$695,606$845,496
70$834,763$710,295$676,218$873,899
71$875,873$701,064$654,835$903,959
72$919,789$689,993$631,350$935,827
73$966,754$676,949$605,646$969,672
74$1,017,034$661,790$577,606$1,005,681
75$1,070,919$644,366$547,104$1,044,058
76$1,128,731$624,518$514,010$1,085,030
77$1,190,819$602,077$478,187$1,128,849
78$1,257,570$576,866$439,493$1,175,791
79$1,329,406$548,696$397,780$1,226,163
80$1,406,792$517,369$352,892$1,280,302
81$1,490,237$482,672$304,666$1,338,581
82$1,580,301$444,384$252,933$1,401,413
83$1,677,602$402,268$197,516$1,469,254
84$1,782,814$356,076$138,230$1,542,607
85$1,896,683$305,545$74,882$1,622,027
86$2,020,024$250,397$7,270$1,708,129
87$2,153,738$190,337$0$1,801,589
88$2,298,812$125,057$0$1,912,157
89$2,456,333$54,227$0$2,033,321
90$2,627,498$0$0$2,165,015
91$2,813,620$0$0$2,311,251
92$3,016,148$0$0$2,478,192
93$3,236,673$0$0$2,659,995
94$3,476,948$0$0$2,858,106
95$3,738,900$0$0$3,074,118
96$4,024,650$0$0$3,309,784
97$4,336,536$0$0$3,567,035
98$4,677,127$0$0$3,847,994
99$5,049,253$0$0$4,155,001
100$5,456,031$0$0$4,490,629