Can I retire at age 68 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$57,062$56,554$56,058$55,574$55,101$54,323
2 years$28,249$27,722$27,213$26,718$26,239$25,456
3 years$18,645$18,117$17,608$17,119$16,647$15,884
4 years$13,845$13,318$12,814$12,333$11,873$11,136
5 years$10,965$10,441$9,944$9,473$9,025$8,317
6 years$9,046$8,526$8,037$7,576$7,142$6,461
7 years$7,676$7,160$6,678$6,228$5,808$5,157
8 years$6,648$6,138$5,664$5,225$4,818$4,196
9 years$5,850$5,344$4,878$4,450$4,058$3,464
10 years$5,211$4,710$4,253$3,836$3,457$2,892
11 years$4,689$4,193$3,744$3,339$2,973$2,436
12 years$4,255$3,764$3,323$2,928$2,577$2,067
13 years$3,887$3,401$2,969$2,585$2,247$1,763
14 years$3,572$3,092$2,668$2,295$1,970$1,512
15 years$3,300$2,824$2,408$2,047$1,734$1,301
16 years$3,061$2,591$2,184$1,833$1,533$1,124
17 years$2,851$2,386$1,987$1,647$1,359$973
18 years$2,665$2,205$1,814$1,484$1,208$845
19 years$2,498$2,044$1,660$1,341$1,077$735
20 years$2,348$1,899$1,524$1,214$962$640
21 years$2,213$1,769$1,402$1,102$861$559
22 years$2,090$1,651$1,292$1,002$772$488
23 years$1,978$1,544$1,193$913$693$427
24 years$1,876$1,447$1,103$832$623$374
25 years$1,782$1,358$1,022$760$560$328
26 years$1,695$1,276$948$695$505$288
27 years$1,614$1,201$880$636$455$253
28 years$1,540$1,132$818$583$411$222
29 years$1,471$1,068$761$535$371$195
30 years$1,407$1,008$709$491$335$171
31 years$1,346$953$661$451$303$151
32 years$1,290$902$617$414$274$133
33 years$1,237$854$576$381$248$117
34 years$1,188$810$538$350$224$103
35 years$1,141$768$503$323$203$90
36 years$1,097$729$471$297$184$80
37 years$1,056$692$440$274$167$70
38 years$1,017$658$412$252$151$62
39 years$980$626$386$233$137$54
40 years$945$595$362$215$124$48
41 years$911$567$340$198$113$42
42 years$880$540$319$183$102$37
43 years$850$514$299$169$93$33
44 years$821$490$281$156$84$29
45 years$794$467$264$144$77$25
46 years$768$446$247$133$70$22
47 years$743$425$233$123$63$20
48 years$719$406$218$113$57$17
49 years$696$388$205$105$52$15
50 years$675$370$193$97$47$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $691,000, adding $5,202 every year, while hoping to spend $39,688 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: 66/25/9 Blend
67$691,000$691,000$691,000$691,000
68$766,848$730,225$719,514$815,728
69$802,839$723,778$701,390$842,459
70$841,170$715,685$681,329$866,459
71$882,040$705,824$659,224$891,656
72$925,662$694,064$634,962$918,160
73$972,275$680,268$608,428$946,096
74$1,022,136$664,290$579,500$975,605
75$1,075,529$645,976$548,049$1,006,839
76$1,132,767$625,162$513,942$1,039,970
77$1,194,190$601,676$477,040$1,075,189
78$1,260,173$575,334$437,197$1,112,707
79$1,331,129$545,943$394,260$1,152,758
80$1,407,507$513,298$348,072$1,195,602
81$1,489,806$477,183$298,465$1,241,528
82$1,578,569$437,367$245,266$1,290,857
83$1,674,395$393,611$188,295$1,343,943
84$1,777,942$345,656$127,361$1,401,181
85$1,889,933$293,234$62,268$1,463,006
86$2,011,162$236,058$0$1,529,904
87$2,142,502$173,827$0$1,603,101
88$2,284,915$106,222$0$1,688,927
89$2,439,456$32,907$0$1,782,076
90$2,607,287$0$0$1,883,299
91$2,789,685$0$0$2,006,213
92$2,988,056$0$0$2,149,774
93$3,203,946$0$0$2,306,055
94$3,439,058$0$0$2,476,293
95$3,695,262$0$0$2,661,848
96$3,974,620$0$0$2,864,218
97$4,279,399$0$0$3,085,052
98$4,612,096$0$0$3,326,165
99$4,975,458$0$0$3,589,554
100$5,372,510$0$0$3,877,418