Can I retire at age 68 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$59,292$58,764$58,248$57,745$57,254$56,893
2 years$29,352$28,806$28,276$27,762$27,264$26,900
3 years$19,374$18,825$18,296$17,788$17,297$16,942
4 years$14,386$13,838$13,315$12,815$12,337$11,992
5 years$11,393$10,849$10,333$9,843$9,378$9,045
6 years$9,399$8,859$8,351$7,872$7,421$7,100
7 years$7,975$7,440$6,939$6,472$6,035$5,727
8 years$6,908$6,377$5,885$5,429$5,007$4,711
9 years$6,078$5,553$5,069$4,624$4,216$3,933
10 years$5,415$4,894$4,419$3,986$3,592$3,321
11 years$4,872$4,357$3,891$3,469$3,090$2,831
12 years$4,421$3,911$3,453$3,043$2,677$2,430
13 years$4,039$3,534$3,085$2,686$2,335$2,099
14 years$3,712$3,213$2,772$2,385$2,047$1,822
15 years$3,429$2,935$2,503$2,127$1,802$1,589
16 years$3,181$2,693$2,269$1,904$1,593$1,390
17 years$2,963$2,480$2,065$1,711$1,412$1,220
18 years$2,769$2,291$1,885$1,542$1,256$1,073
19 years$2,596$2,124$1,725$1,393$1,119$947
20 years$2,440$1,973$1,583$1,262$1,000$837
21 years$2,300$1,838$1,456$1,145$895$741
22 years$2,172$1,716$1,342$1,041$802$657
23 years$2,056$1,605$1,239$948$720$583
24 years$1,949$1,504$1,146$865$647$518
25 years$1,851$1,411$1,062$790$582$461
26 years$1,761$1,326$985$722$524$410
27 years$1,678$1,248$914$661$473$366
28 years$1,600$1,176$850$606$427$326
29 years$1,528$1,109$791$555$385$291
30 years$1,462$1,048$737$510$348$260
31 years$1,399$990$687$468$315$232
32 years$1,341$937$641$430$285$207
33 years$1,286$888$598$396$258$185
34 years$1,234$841$559$364$233$166
35 years$1,186$798$523$335$211$148
36 years$1,140$757$489$309$191$133
37 years$1,097$719$458$284$173$119
38 years$1,057$684$429$262$157$106
39 years$1,018$650$402$242$143$95
40 years$982$618$376$223$129$85
41 years$947$589$353$206$117$76
42 years$914$561$331$190$106$68
43 years$883$534$311$175$97$61
44 years$853$509$292$162$88$55
45 years$825$486$274$149$80$49
46 years$798$463$257$138$72$44
47 years$772$442$242$128$66$39
48 years$747$422$227$118$60$35
49 years$724$403$213$109$54$32
50 years$701$385$201$101$49$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $718,000, adding $2,146 every year, while hoping to spend $41,095 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: 51/23/26 Blend
67$718,000$718,000$718,000$718,000
68$793,450$755,396$744,267$828,021
69$830,657$748,685$725,475$845,571
70$870,282$740,269$704,676$860,321
71$912,528$730,019$681,760$875,536
72$957,617$717,802$656,611$891,277
73$1,005,794$703,474$629,107$907,615
74$1,057,326$686,885$599,123$924,630
75$1,112,506$667,875$566,526$942,412
76$1,171,655$646,274$531,178$961,064
77$1,235,126$621,904$492,935$980,703
78$1,303,305$594,574$451,645$1,001,460
79$1,376,619$564,085$407,152$1,023,483
80$1,455,532$530,223$359,289$1,046,938
81$1,540,557$492,764$307,886$1,072,013
82$1,632,256$451,472$252,763$1,098,919
83$1,731,247$406,095$193,731$1,127,892
84$1,838,209$356,369$130,596$1,159,197
85$1,953,888$302,013$63,153$1,193,132
86$2,079,104$242,731$0$1,230,028
87$2,214,759$178,211$0$1,272,704
88$2,361,843$108,122$0$1,337,985
89$2,521,447$32,116$0$1,408,859
90$2,694,770$0$0$1,485,911
91$2,883,129$0$0$1,582,488
92$3,087,977$0$0$1,696,423
93$3,310,908$0$0$1,820,483
94$3,553,678$0$0$1,955,656
95$3,818,221$0$0$2,103,024
96$4,106,662$0$0$2,263,782
97$4,421,342$0$0$2,439,245
98$4,764,837$0$0$2,630,859
99$5,139,983$0$0$2,840,215
100$5,549,901$0$0$3,069,068