Can I retire at age 68 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$57,723$57,209$56,707$56,217$55,739$53,890
2 years$28,576$28,043$27,528$27,028$26,542$24,698
3 years$18,861$18,327$17,812$17,317$16,840$15,057
4 years$14,005$13,472$12,963$12,476$12,010$10,303
5 years$11,092$10,562$10,060$9,583$9,130$7,503
6 years$9,151$8,625$8,130$7,663$7,224$5,679
7 years$7,764$7,243$6,756$6,300$5,875$4,411
8 years$6,725$6,209$5,729$5,285$4,874$3,490
9 years$5,917$5,406$4,935$4,502$4,105$2,799
10 years$5,272$4,765$4,302$3,881$3,497$2,269
11 years$4,744$4,242$3,788$3,377$3,008$1,853
12 years$4,304$3,807$3,361$2,962$2,607$1,524
13 years$3,932$3,441$3,003$2,615$2,273$1,259
14 years$3,614$3,128$2,698$2,322$1,992$1,044
15 years$3,338$2,857$2,436$2,070$1,754$869
16 years$3,097$2,621$2,209$1,854$1,550$726
17 years$2,884$2,414$2,010$1,666$1,375$607
18 years$2,696$2,231$1,835$1,501$1,222$509
19 years$2,527$2,067$1,680$1,356$1,090$427
20 years$2,376$1,921$1,542$1,228$973$359
21 years$2,239$1,789$1,418$1,115$871$302
22 years$2,114$1,670$1,307$1,014$781$254
23 years$2,001$1,562$1,207$923$701$214
24 years$1,897$1,464$1,116$842$630$181
25 years$1,802$1,374$1,034$769$567$152
26 years$1,714$1,291$959$703$511$129
27 years$1,633$1,215$890$644$460$109
28 years$1,558$1,145$827$590$415$92
29 years$1,488$1,080$770$541$375$77
30 years$1,423$1,020$717$496$339$65
31 years$1,362$964$669$456$306$55
32 years$1,305$912$624$419$277$47
33 years$1,252$864$583$385$251$40
34 years$1,202$819$544$354$227$33
35 years$1,155$777$509$326$206$28
36 years$1,110$737$476$300$186$24
37 years$1,068$700$446$277$169$20
38 years$1,029$665$417$255$153$17
39 years$991$633$391$235$139$14
40 years$956$602$366$217$126$12
41 years$922$573$344$200$114$10
42 years$890$546$322$185$104$9
43 years$859$520$302$171$94$7
44 years$831$496$284$157$85$6
45 years$803$473$267$145$78$5
46 years$777$451$250$134$70$4
47 years$751$430$235$124$64$4
48 years$727$411$221$115$58$3
49 years$704$392$208$106$53$3
50 years$682$375$195$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $699,000, adding $3,898 every year, while hoping to spend $43,598 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: 47/28/25 Blend
67$699,000$699,000$699,000$699,000
68$774,319$737,272$726,437$805,014
69$806,911$727,010$704,385$816,713
70$841,367$714,785$680,133$824,805
71$877,830$700,453$653,561$832,721
72$916,458$683,864$624,544$840,467
73$957,422$664,858$592,951$848,051
74$1,000,910$643,267$558,646$855,485
75$1,047,127$618,912$521,485$862,788
76$1,096,299$591,603$481,320$869,980
77$1,148,670$561,141$437,993$877,090
78$1,204,511$527,313$391,342$884,154
79$1,264,115$489,896$341,197$891,215
80$1,327,807$448,653$287,379$898,324
81$1,395,940$403,334$229,703$905,544
82$1,468,903$353,674$167,975$912,947
83$1,547,121$299,394$101,992$920,621
84$1,631,062$240,198$31,543$928,666
85$1,721,237$175,775$0$937,199
86$1,818,211$105,795$0$957,996
87$1,922,600$29,911$0$989,309
88$2,035,083$0$0$1,022,956
89$2,156,406$0$0$1,075,308
90$2,287,386$0$0$1,141,838
91$2,428,923$0$0$1,213,795
92$2,582,007$0$0$1,291,690
93$2,747,723$0$0$1,376,083
94$2,927,266$0$0$1,467,593
95$3,121,950$0$0$1,566,898
96$3,333,218$0$0$1,674,745
97$3,562,660$0$0$1,791,954
98$3,812,023$0$0$1,919,431
99$4,083,229$0$0$2,058,168
100$4,378,394$0$0$2,209,259