Can I retire at age 68 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$59,044$58,518$58,005$57,504$57,015$54,948
2 years$29,230$28,685$28,158$27,646$27,150$25,091
3 years$19,293$18,746$18,220$17,713$17,225$15,238
4 years$14,325$13,780$13,259$12,761$12,285$10,385
5 years$11,346$10,804$10,290$9,802$9,339$7,531
6 years$9,360$8,822$8,316$7,839$7,390$5,675
7 years$7,942$7,409$6,910$6,445$6,010$4,388
8 years$6,879$6,351$5,861$5,406$4,986$3,455
9 years$6,053$5,530$5,048$4,605$4,199$2,758
10 years$5,392$4,874$4,401$3,969$3,577$2,224
11 years$4,852$4,339$3,874$3,455$3,077$1,807
12 years$4,402$3,895$3,438$3,030$2,666$1,478
13 years$4,022$3,519$3,072$2,675$2,325$1,214
14 years$3,696$3,199$2,760$2,375$2,038$1,002
15 years$3,414$2,922$2,492$2,118$1,794$829
16 years$3,168$2,681$2,259$1,896$1,586$688
17 years$2,950$2,469$2,056$1,704$1,406$572
18 years$2,757$2,282$1,877$1,535$1,250$477
19 years$2,585$2,115$1,718$1,387$1,114$398
20 years$2,430$1,965$1,577$1,257$995$332
21 years$2,290$1,830$1,450$1,140$891$278
22 years$2,163$1,709$1,337$1,037$799$232
23 years$2,047$1,598$1,234$944$717$195
24 years$1,941$1,497$1,141$861$644$163
25 years$1,843$1,405$1,057$787$580$137
26 years$1,754$1,321$981$719$522$115
27 years$1,671$1,243$911$658$471$96
28 years$1,594$1,171$846$603$425$81
29 years$1,522$1,105$788$553$384$68
30 years$1,455$1,043$734$508$347$57
31 years$1,393$986$684$466$313$48
32 years$1,335$933$638$428$283$40
33 years$1,280$884$596$394$257$34
34 years$1,229$838$557$363$232$28
35 years$1,181$795$521$334$210$24
36 years$1,136$754$487$307$191$20
37 years$1,093$716$456$283$173$17
38 years$1,052$681$427$261$157$14
39 years$1,014$647$400$241$142$12
40 years$978$616$375$222$129$10
41 years$943$586$351$205$117$8
42 years$910$558$330$189$106$7
43 years$879$532$309$174$96$6
44 years$850$507$290$161$87$5
45 years$821$484$273$149$79$4
46 years$794$461$256$137$72$3
47 years$769$440$241$127$65$3
48 years$744$420$226$117$59$2
49 years$721$401$213$108$54$2
50 years$698$383$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $715,000, adding $4,879 every year, while hoping to spend $26,000 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: 47/34/19 Blend
67$715,000$715,000$715,000$715,000
68$792,963$755,068$743,985$825,745
69$846,181$764,402$741,245$858,420
70$903,956$773,323$737,541$890,861
71$966,726$781,781$732,815$925,524
72$1,034,971$789,728$727,003$962,629
73$1,109,220$797,107$720,040$1,002,419
74$1,190,056$803,861$711,857$1,045,159
75$1,278,120$809,928$702,383$1,091,147
76$1,374,117$815,243$691,541$1,140,709
77$1,478,823$819,736$679,254$1,194,206
78$1,593,092$823,332$665,438$1,252,040
79$1,717,865$825,953$650,007$1,314,651
80$1,854,176$827,513$632,871$1,382,528
81$2,003,165$827,925$613,936$1,456,211
82$2,166,087$827,092$593,102$1,536,296
83$2,344,323$824,914$570,265$1,623,443
84$2,539,393$821,285$545,319$1,718,380
85$2,752,973$816,090$518,149$1,821,912
86$2,986,907$809,209$488,638$1,934,928
87$3,243,226$800,514$456,661$2,058,411
88$3,524,166$789,871$422,091$2,193,445
89$3,832,192$777,135$384,791$2,341,228
90$4,170,016$762,155$344,622$2,503,085
91$4,540,626$744,769$301,436$2,680,477
92$4,947,315$724,808$255,079$2,875,017
93$5,393,707$702,090$205,390$3,088,488
94$5,883,798$676,424$152,203$3,322,857
95$6,421,985$647,609$95,341$3,580,298
96$7,013,115$615,430$34,624$3,863,207
97$7,662,528$579,661$0$4,174,231
98$8,376,104$540,062$0$4,522,411
99$9,160,323$496,382$0$4,912,741
100$10,022,323$448,351$0$5,341,798