Can I retire at age 68 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$59,374$58,845$58,329$57,826$57,334$57,092
2 years$29,393$28,846$28,315$27,801$27,302$27,058
3 years$19,401$18,851$18,322$17,812$17,321$17,083
4 years$14,406$13,858$13,334$12,833$12,354$12,122
5 years$11,409$10,864$10,347$9,857$9,391$9,167
6 years$9,412$8,872$8,362$7,883$7,431$7,215
7 years$7,987$7,450$6,949$6,481$6,043$5,836
8 years$6,918$6,386$5,893$5,436$5,014$4,814
9 years$6,087$5,560$5,076$4,631$4,222$4,031
10 years$5,422$4,901$4,425$3,992$3,597$3,414
11 years$4,879$4,363$3,896$3,474$3,094$2,919
12 years$4,427$3,916$3,458$3,047$2,681$2,514
13 years$4,044$3,539$3,089$2,690$2,338$2,178
14 years$3,717$3,217$2,776$2,388$2,049$1,897
15 years$3,433$2,939$2,506$2,130$1,805$1,659
16 years$3,185$2,696$2,272$1,907$1,595$1,457
17 years$2,967$2,483$2,067$1,713$1,414$1,283
18 years$2,773$2,295$1,887$1,544$1,257$1,133
19 years$2,600$2,127$1,728$1,395$1,121$1,003
20 years$2,444$1,976$1,586$1,264$1,001$889
21 years$2,303$1,841$1,459$1,147$896$790
22 years$2,175$1,718$1,344$1,043$803$703
23 years$2,058$1,607$1,241$950$721$626
24 years$1,952$1,506$1,148$866$648$559
25 years$1,854$1,413$1,063$791$583$499
26 years$1,763$1,328$986$723$525$446
27 years$1,680$1,250$916$662$473$399
28 years$1,602$1,178$851$607$427$357
29 years$1,531$1,111$792$556$386$320
30 years$1,464$1,049$738$510$349$287
31 years$1,401$992$688$469$315$257
32 years$1,342$939$642$431$285$231
33 years$1,288$889$599$396$258$207
34 years$1,236$842$560$365$234$186
35 years$1,188$799$523$336$212$167
36 years$1,142$758$490$309$192$150
37 years$1,099$720$458$285$174$135
38 years$1,058$684$429$262$157$121
39 years$1,020$651$402$242$143$109
40 years$983$619$377$223$130$98
41 years$948$589$353$206$118$88
42 years$915$561$332$190$107$79
43 years$884$535$311$175$97$71
44 years$854$510$292$162$88$64
45 years$826$486$274$150$80$58
46 years$799$464$258$138$72$52
47 years$773$443$242$128$66$47
48 years$748$423$227$118$60$42
49 years$725$404$214$109$54$38
50 years$702$385$201$101$49$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $719,000, adding $6,955 every year, while hoping to spend $48,601 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: 23/48/29 Blend
67$719,000$719,000$719,000$719,000
68$799,512$761,405$750,261$810,485
69$829,351$747,003$723,683$806,169
70$860,605$730,266$694,587$797,035
71$893,367$711,029$662,835$786,231
72$927,737$689,116$628,287$773,652
73$963,825$664,342$590,793$759,189
74$1,001,750$636,509$550,200$742,725
75$1,041,641$605,411$506,344$724,141
76$1,083,639$570,827$459,057$703,311
77$1,127,897$532,524$408,163$680,103
78$1,174,582$490,257$353,475$654,381
79$1,223,875$443,766$294,803$626,003
80$1,275,975$392,775$231,943$594,819
81$1,331,098$336,994$164,687$560,676
82$1,389,480$276,117$92,814$523,414
83$1,451,380$209,819$16,096$482,865
84$1,517,078$137,758$0$438,858
85$1,586,884$59,573$0$411,567
86$1,661,135$0$0$387,092
87$1,740,200$0$0$373,605
88$1,824,482$0$0$392,842
89$1,914,425$0$0$413,447
90$2,010,514$0$0$435,541
91$2,113,279$0$0$459,255
92$2,223,303$0$0$484,736
93$2,341,226$0$0$512,143
94$2,467,748$0$0$541,652
95$2,603,638$0$0$573,454
96$2,749,741$0$0$607,761
97$2,906,983$0$0$644,806
98$3,076,381$0$0$684,844
99$3,259,055$0$0$728,156
100$3,456,231$0$0$775,048