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%17.6%
1 years$59,374$58,845$58,329$57,826$57,334$55,566
2 years$29,393$28,846$28,315$27,801$27,302$25,536
3 years$19,401$18,851$18,322$17,812$17,321$15,613
4 years$14,406$13,858$13,334$12,833$12,354$10,716
5 years$11,409$10,864$10,347$9,857$9,391$7,828
6 years$9,412$8,872$8,362$7,883$7,431$5,945
7 years$7,987$7,450$6,949$6,481$6,043$4,633
8 years$6,918$6,386$5,893$5,436$5,014$3,679
9 years$6,087$5,560$5,076$4,631$4,222$2,962
10 years$5,422$4,901$4,425$3,992$3,597$2,409
11 years$4,879$4,363$3,896$3,474$3,094$1,976
12 years$4,427$3,916$3,458$3,047$2,681$1,631
13 years$4,044$3,539$3,089$2,690$2,338$1,353
14 years$3,717$3,217$2,776$2,388$2,049$1,127
15 years$3,433$2,939$2,506$2,130$1,805$942
16 years$3,185$2,696$2,272$1,907$1,595$790
17 years$2,967$2,483$2,067$1,713$1,414$664
18 years$2,773$2,295$1,887$1,544$1,257$559
19 years$2,600$2,127$1,728$1,395$1,121$471
20 years$2,444$1,976$1,586$1,264$1,001$398
21 years$2,303$1,841$1,459$1,147$896$336
22 years$2,175$1,718$1,344$1,043$803$284
23 years$2,058$1,607$1,241$950$721$241
24 years$1,952$1,506$1,148$866$648$204
25 years$1,854$1,413$1,063$791$583$173
26 years$1,763$1,328$986$723$525$147
27 years$1,680$1,250$916$662$473$124
28 years$1,602$1,178$851$607$427$106
29 years$1,531$1,111$792$556$386$90
30 years$1,464$1,049$738$510$349$76
31 years$1,401$992$688$469$315$65
32 years$1,342$939$642$431$285$55
33 years$1,288$889$599$396$258$47
34 years$1,236$842$560$365$234$40
35 years$1,188$799$523$336$212$34
36 years$1,142$758$490$309$192$29
37 years$1,099$720$458$285$174$24
38 years$1,058$684$429$262$157$21
39 years$1,020$651$402$242$143$18
40 years$983$619$377$223$130$15
41 years$948$589$353$206$118$13
42 years$915$561$332$190$107$11
43 years$884$535$311$175$97$9
44 years$854$510$292$162$88$8
45 years$826$486$274$150$80$7
46 years$799$464$258$138$72$6
47 years$773$443$242$128$66$5
48 years$748$423$227$118$60$4
49 years$725$404$214$109$54$3
50 years$702$385$201$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $719,000, adding $3,279 every year, while hoping to spend $53,595 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: 63/20/17 Blend
67$719,000$719,000$719,000$719,000
68$795,720$757,613$746,469$842,265
69$819,859$737,712$714,451$854,041
70$844,664$715,039$679,564$860,519
71$870,146$689,402$641,656$866,319
72$896,316$660,597$600,566$871,377
73$923,183$628,410$556,129$875,627
74$950,758$592,612$508,169$878,997
75$979,048$552,963$456,505$881,409
76$1,008,059$509,207$400,947$882,782
77$1,037,798$461,075$341,295$883,028
78$1,068,269$408,282$277,344$882,054
79$1,099,472$350,528$208,875$879,760
80$1,131,409$287,495$135,663$876,041
81$1,164,077$218,846$57,472$870,782
82$1,197,471$144,228$0$863,863
83$1,231,583$63,265$0$859,866
84$1,266,401$0$0$865,373
85$1,301,910$0$0$875,228
86$1,338,091$0$0$899,445
87$1,374,919$0$0$924,082
88$1,412,365$0$0$949,119
89$1,450,391$0$0$974,530
90$1,488,957$0$0$1,000,283
91$1,528,010$0$0$1,026,343
92$1,567,494$0$0$1,052,668
93$1,607,338$0$0$1,079,210
94$1,647,466$0$0$1,105,913
95$1,687,787$0$0$1,132,713
96$1,728,196$0$0$1,159,538
97$1,768,578$0$0$1,186,305
98$1,808,798$0$0$1,212,919
99$1,848,705$0$0$1,239,275
100$1,888,128$0$0$1,265,252