Can I retire at age 68 with 687,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $687,000?

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$56,732$56,226$55,733$55,252$54,782$52,630
2 years$28,085$27,562$27,055$26,564$26,087$23,944
3 years$18,537$18,012$17,506$17,020$16,551$14,486
4 years$13,764$13,241$12,740$12,262$11,804$9,833
5 years$10,901$10,381$9,887$9,418$8,973$7,100
6 years$8,993$8,477$7,990$7,532$7,100$5,327
7 years$7,631$7,119$6,640$6,192$5,774$4,100
8 years$6,610$6,102$5,631$5,195$4,790$3,213
9 years$5,816$5,313$4,850$4,425$4,034$2,552
10 years$5,181$4,683$4,228$3,814$3,437$2,048
11 years$4,662$4,169$3,723$3,319$2,956$1,655
12 years$4,230$3,742$3,304$2,912$2,562$1,346
13 years$3,864$3,382$2,952$2,570$2,234$1,100
14 years$3,552$3,074$2,652$2,282$1,958$903
15 years$3,281$2,808$2,394$2,035$1,724$743
16 years$3,044$2,576$2,171$1,822$1,524$613
17 years$2,835$2,373$1,975$1,637$1,351$507
18 years$2,649$2,192$1,803$1,475$1,201$420
19 years$2,484$2,032$1,651$1,333$1,071$348
20 years$2,335$1,888$1,515$1,207$956$289
21 years$2,200$1,759$1,394$1,096$856$240
22 years$2,078$1,642$1,284$996$767$200
23 years$1,967$1,535$1,186$907$689$166
24 years$1,865$1,439$1,097$828$619$138
25 years$1,771$1,350$1,016$756$557$115
26 years$1,685$1,269$942$691$502$96
27 years$1,605$1,194$875$633$452$80
28 years$1,531$1,125$813$580$408$67
29 years$1,462$1,062$757$531$369$56
30 years$1,398$1,003$705$488$333$46
31 years$1,339$948$657$448$301$39
32 years$1,283$897$613$412$272$32
33 years$1,230$849$573$379$246$27
34 years$1,181$805$535$348$223$22
35 years$1,135$763$500$321$202$19
36 years$1,091$725$468$295$183$16
37 years$1,050$688$438$272$166$13
38 years$1,011$654$410$251$150$11
39 years$974$622$384$231$136$9
40 years$939$592$360$213$124$8
41 years$906$563$338$197$112$6
42 years$875$536$317$182$102$5
43 years$845$511$297$168$92$4
44 years$816$487$279$155$84$4
45 years$789$465$262$143$76$3
46 years$763$443$246$132$69$3
47 years$739$423$231$122$63$2
48 years$715$404$217$113$57$2
49 years$692$386$204$104$52$1
50 years$671$368$192$96$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $687,000, adding $2,194 every year, while hoping to spend $25,915 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: 47/44/9 Blend
67$687,000$687,000$687,000$687,000
68$759,337$722,926$712,278$793,053
69$809,216$730,776$708,566$824,329
70$863,314$738,142$703,861$855,374
71$922,034$744,973$698,102$888,470
72$985,820$751,215$691,227$923,815
73$1,055,158$756,809$683,167$961,630
74$1,130,586$761,695$673,855$1,002,157
75$1,212,693$765,805$663,216$1,045,665
76$1,302,129$769,070$651,175$1,092,450
77$1,399,608$771,417$637,651$1,142,842
78$1,505,917$772,765$622,561$1,197,202
79$1,621,921$773,031$605,818$1,255,934
80$1,748,573$772,125$587,329$1,319,481
81$1,886,921$769,954$566,999$1,388,332
82$2,038,122$766,416$544,727$1,463,032
83$2,203,444$761,405$520,410$1,544,178
84$2,384,289$754,807$493,937$1,632,435
85$2,582,197$746,503$465,195$1,728,533
86$2,798,865$736,366$434,063$1,833,283
87$3,036,162$724,260$400,416$1,947,578
88$3,296,145$710,043$364,125$2,072,406
89$3,581,080$693,564$325,051$2,208,859
90$3,893,464$674,662$283,054$2,358,141
91$4,236,045$653,168$237,984$2,521,586
92$4,611,851$628,903$189,686$2,700,663
93$5,024,217$601,676$137,997$2,896,997
94$5,476,815$571,287$82,749$3,112,383
95$5,973,693$537,522$23,763$3,348,802
96$6,519,307$500,158$0$3,608,441
97$7,118,567$458,956$0$3,897,479
98$7,776,881$413,666$0$4,217,500
99$8,500,209$364,021$0$4,569,182
100$9,295,113$309,741$0$4,955,797