Can I retire at age 68 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$59,209$58,682$58,167$57,665$57,175$55,974
2 years$29,311$28,766$28,237$27,724$27,226$26,023
3 years$19,347$18,799$18,271$17,763$17,273$16,104
4 years$14,366$13,819$13,297$12,797$12,319$11,193
5 years$11,378$10,834$10,319$9,829$9,365$8,285
6 years$9,386$8,847$8,339$7,861$7,410$6,378
7 years$7,964$7,430$6,930$6,463$6,027$5,042
8 years$6,898$6,369$5,877$5,421$5,000$4,063
9 years$6,070$5,545$5,062$4,618$4,210$3,320
10 years$5,407$4,888$4,413$3,981$3,587$2,743
11 years$4,866$4,351$3,885$3,464$3,085$2,286
12 years$4,415$3,905$3,448$3,039$2,674$1,918
13 years$4,033$3,529$3,081$2,683$2,331$1,618
14 years$3,707$3,208$2,768$2,381$2,044$1,372
15 years$3,424$2,931$2,499$2,124$1,800$1,167
16 years$3,177$2,689$2,266$1,902$1,590$996
17 years$2,959$2,476$2,062$1,709$1,410$852
18 years$2,765$2,288$1,882$1,540$1,254$730
19 years$2,592$2,121$1,723$1,391$1,118$628
20 years$2,437$1,971$1,581$1,260$998$540
21 years$2,296$1,836$1,454$1,144$893$465
22 years$2,169$1,713$1,340$1,040$801$401
23 years$2,053$1,603$1,238$947$719$346
24 years$1,946$1,501$1,145$864$646$299
25 years$1,849$1,409$1,060$789$581$259
26 years$1,758$1,324$983$721$524$224
27 years$1,675$1,246$913$660$472$194
28 years$1,598$1,174$849$605$426$168
29 years$1,526$1,108$790$555$385$146
30 years$1,460$1,046$736$509$348$126
31 years$1,397$989$686$468$314$109
32 years$1,339$936$640$430$284$95
33 years$1,284$886$598$395$257$82
34 years$1,233$840$558$364$233$71
35 years$1,184$797$522$335$211$62
36 years$1,139$756$488$308$191$54
37 years$1,096$718$457$284$173$47
38 years$1,055$683$428$262$157$41
39 years$1,017$649$401$241$142$35
40 years$980$618$376$223$129$31
41 years$946$588$352$205$117$27
42 years$913$560$331$190$106$23
43 years$882$533$310$175$97$20
44 years$852$508$291$162$88$17
45 years$824$485$273$149$80$15
46 years$797$463$257$138$72$13
47 years$771$441$241$127$66$11
48 years$746$421$227$118$60$10
49 years$723$402$213$109$54$9
50 years$700$384$200$101$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $717,000, adding $4,111 every year, while hoping to spend $49,684 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: 51/30/19 Blend
67$717,000$717,000$717,000$717,000
68$794,374$756,373$745,260$830,518
69$822,537$740,572$717,363$840,069
70$851,908$722,332$686,866$844,969
71$882,556$701,480$653,630$849,231
72$914,559$677,834$617,508$852,812
73$947,998$651,203$578,349$855,669
74$982,963$621,381$535,993$857,755
75$1,019,550$588,153$490,274$859,026
76$1,057,863$551,292$441,017$859,432
77$1,098,015$510,555$388,041$858,928
78$1,140,129$465,688$331,156$857,462
79$1,184,337$416,422$270,165$854,988
80$1,230,783$362,470$204,859$851,455
81$1,279,624$303,533$135,024$846,816
82$1,331,032$239,292$60,433$841,021
83$1,385,191$169,411$0$834,022
84$1,442,303$93,535$0$829,661
85$1,502,589$11,290$0$837,334
86$1,566,290$0$0$844,786
87$1,633,666$0$0$877,690
88$1,705,005$0$0$916,510
89$1,780,619$0$0$957,691
90$1,860,849$0$0$1,001,426
91$1,946,068$0$0$1,047,922
92$2,036,686$0$0$1,097,408
93$2,133,148$0$0$1,150,133
94$2,235,943$0$0$1,206,371
95$2,345,609$0$0$1,266,422
96$2,462,730$0$0$1,330,613
97$2,587,951$0$0$1,399,305
98$2,721,976$0$0$1,472,891
99$2,865,579$0$0$1,551,806
100$3,019,606$0$0$1,636,523