Can I retire at age 68 with 695,000?

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 $695,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$57,392$56,881$56,382$55,896$55,420$54,525
2 years$28,412$27,883$27,370$26,873$26,391$25,491
3 years$18,753$18,222$17,710$17,218$16,743$15,867
4 years$13,925$13,395$12,889$12,404$11,941$11,096
5 years$11,028$10,502$10,002$9,528$9,078$8,265
6 years$9,098$8,576$8,083$7,619$7,183$6,404
7 years$7,720$7,202$6,717$6,264$5,842$5,097
8 years$6,687$6,173$5,697$5,255$4,846$4,136
9 years$5,884$5,375$4,907$4,476$4,081$3,404
10 years$5,241$4,738$4,278$3,858$3,477$2,833
11 years$4,716$4,218$3,766$3,358$2,991$2,379
12 years$4,279$3,786$3,342$2,945$2,592$2,012
13 years$3,909$3,421$2,986$2,600$2,260$1,711
14 years$3,593$3,110$2,683$2,308$1,981$1,462
15 years$3,319$2,841$2,422$2,059$1,744$1,254
16 years$3,079$2,606$2,196$1,843$1,542$1,079
17 years$2,868$2,400$1,998$1,656$1,367$931
18 years$2,680$2,218$1,824$1,493$1,215$805
19 years$2,513$2,056$1,670$1,349$1,083$698
20 years$2,362$1,910$1,533$1,221$968$606
21 years$2,226$1,779$1,410$1,109$866$527
22 years$2,102$1,661$1,299$1,008$776$459
23 years$1,990$1,553$1,200$918$697$400
24 years$1,887$1,455$1,110$837$626$349
25 years$1,792$1,366$1,028$765$564$305
26 years$1,705$1,284$953$699$508$266
27 years$1,624$1,208$885$640$458$233
28 years$1,549$1,138$823$586$413$203
29 years$1,479$1,074$766$538$373$178
30 years$1,415$1,014$713$493$337$156
31 years$1,354$959$665$453$305$136
32 years$1,298$907$620$416$276$120
33 years$1,245$859$579$383$249$105
34 years$1,195$814$541$352$226$92
35 years$1,148$772$506$324$204$81
36 years$1,104$733$473$299$185$71
37 years$1,062$696$443$275$168$62
38 years$1,023$662$415$254$152$54
39 years$985$629$389$234$138$48
40 years$950$599$364$216$125$42
41 years$917$570$342$199$114$37
42 years$885$543$320$184$103$32
43 years$855$517$301$170$94$28
44 years$826$493$282$157$85$25
45 years$798$470$265$145$77$22
46 years$772$448$249$134$70$19
47 years$747$428$234$123$64$17
48 years$723$408$220$114$58$15
49 years$700$390$207$105$52$13
50 years$679$373$194$97$48$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $695,000, adding $3,205 every year, while hoping to spend $44,875 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: 61/16/23 Blend
67$695,000$695,000$695,000$695,000
68$769,196$732,361$721,588$811,256
69$799,907$720,500$698,015$828,277
70$832,247$706,554$672,148$841,644
71$866,334$690,373$643,863$855,239
72$902,298$671,799$613,030$869,093
73$940,279$650,664$579,513$883,239
74$980,432$626,791$543,171$897,717
75$1,022,924$599,992$503,856$912,574
76$1,067,939$570,068$461,411$927,863
77$1,115,677$536,809$415,676$943,645
78$1,166,356$499,992$366,481$959,989
79$1,220,216$459,384$313,650$976,976
80$1,277,519$414,735$256,999$994,695
81$1,338,551$365,782$196,334$1,013,250
82$1,403,627$312,249$131,454$1,032,758
83$1,473,089$253,841$62,150$1,053,350
84$1,547,315$190,250$0$1,075,176
85$1,626,717$121,148$0$1,101,302
86$1,711,747$46,190$0$1,145,485
87$1,802,902$0$0$1,192,729
88$1,900,727$0$0$1,249,494
89$2,005,819$0$0$1,319,250
90$2,118,833$0$0$1,394,304
91$2,240,490$0$0$1,475,139
92$2,371,581$0$0$1,562,285
93$2,512,973$0$0$1,656,326
94$2,665,621$0$0$1,757,901
95$2,830,574$0$0$1,867,715
96$3,008,983$0$0$1,986,542
97$3,202,115$0$0$2,115,230
98$3,411,363$0$0$2,254,715
99$3,638,257$0$0$2,406,026
100$3,884,480$0$0$2,570,292