Can I retire at age 68 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$56,980$56,472$55,977$55,494$55,022$54,561
2 years$28,208$27,682$27,173$26,680$26,201$25,736
3 years$18,618$18,091$17,583$17,094$16,623$16,169
4 years$13,825$13,299$12,796$12,315$11,856$11,416
5 years$10,949$10,426$9,930$9,459$9,012$8,588
6 years$9,033$8,514$8,025$7,565$7,131$6,723
7 years$7,664$7,150$6,669$6,219$5,800$5,408
8 years$6,639$6,129$5,656$5,217$4,811$4,436
9 years$5,841$5,336$4,871$4,444$4,052$3,693
10 years$5,204$4,704$4,247$3,831$3,452$3,109
11 years$4,682$4,187$3,739$3,334$2,969$2,642
12 years$4,248$3,758$3,318$2,924$2,573$2,261
13 years$3,881$3,396$2,965$2,582$2,244$1,947
14 years$3,567$3,087$2,664$2,292$1,967$1,684
15 years$3,295$2,820$2,405$2,044$1,732$1,464
16 years$3,057$2,588$2,180$1,830$1,531$1,276
17 years$2,847$2,383$1,984$1,644$1,357$1,116
18 years$2,661$2,202$1,811$1,482$1,207$979
19 years$2,495$2,041$1,658$1,339$1,075$860
20 years$2,345$1,896$1,522$1,213$961$757
21 years$2,210$1,766$1,400$1,101$860$668
22 years$2,087$1,649$1,290$1,001$771$590
23 years$1,975$1,542$1,191$911$692$522
24 years$1,873$1,445$1,102$831$622$462
25 years$1,779$1,356$1,020$759$559$409
26 years$1,692$1,274$946$694$504$363
27 years$1,612$1,199$879$635$454$322
28 years$1,538$1,130$817$582$410$286
29 years$1,469$1,066$760$534$370$254
30 years$1,405$1,007$708$490$334$226
31 years$1,345$952$660$450$302$201
32 years$1,288$901$616$413$274$179
33 years$1,236$853$575$380$248$159
34 years$1,186$808$537$350$224$142
35 years$1,140$767$502$322$203$126
36 years$1,096$728$470$297$184$113
37 years$1,055$691$440$273$167$100
38 years$1,015$657$412$252$151$89
39 years$978$625$386$232$137$80
40 years$943$594$362$214$124$71
41 years$910$566$339$198$113$63
42 years$878$539$318$182$102$57
43 years$848$513$299$168$93$50
44 years$820$489$280$155$84$45
45 years$793$467$263$144$77$40
46 years$767$445$247$133$69$36
47 years$742$425$232$123$63$32
48 years$718$406$218$113$57$29
49 years$695$387$205$105$52$25
50 years$674$370$193$97$47$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $690,000, adding $4,076 every year, while hoping to spend $23,719 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: 45/32/23 Blend
67$690,000$690,000$690,000$690,000
68$764,584$728,014$717,319$793,756
69$817,335$738,450$716,113$825,172
70$874,672$748,603$714,071$856,582
71$937,036$758,432$711,140$890,169
72$1,004,916$767,898$707,266$926,146
73$1,078,848$776,955$702,389$964,750
74$1,159,420$785,555$696,449$1,006,243
75$1,247,283$793,649$689,382$1,050,915
76$1,343,150$801,182$681,120$1,099,087
77$1,447,807$808,096$671,594$1,151,112
78$1,562,121$814,331$660,730$1,207,381
79$1,687,044$819,820$648,451$1,268,327
80$1,823,625$824,493$634,677$1,334,427
81$1,973,019$828,278$619,323$1,406,210
82$2,136,498$831,095$602,301$1,484,258
83$2,315,462$832,860$583,520$1,569,217
84$2,511,454$833,484$562,882$1,661,798
85$2,726,170$832,873$540,287$1,762,787
86$2,961,482$830,926$515,629$1,873,054
87$3,219,449$827,537$488,798$1,993,558
88$3,502,339$822,593$459,679$2,125,358
89$3,812,651$815,973$428,152$2,269,625
90$4,153,137$807,551$394,090$2,427,650
91$4,526,827$797,192$357,363$2,600,861
92$4,937,061$784,752$317,832$2,790,833
93$5,387,517$770,080$275,355$2,999,304
94$5,882,246$753,016$229,781$3,228,195
95$6,425,710$733,389$180,954$3,479,624
96$7,022,828$711,021$128,711$3,755,931
97$7,679,015$685,719$72,882$4,059,697
98$8,400,239$657,284$13,288$4,393,772
99$9,193,073$625,501$0$4,761,300
100$10,064,761$590,144$0$5,178,098