Can I retire at age 68 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$59,457$58,927$58,411$57,906$57,414$56,186
2 years$29,434$28,886$28,355$27,840$27,340$26,109
3 years$19,428$18,877$18,347$17,837$17,346$16,149
4 years$14,426$13,877$13,352$12,851$12,371$11,219
5 years$11,425$10,880$10,362$9,870$9,404$8,300
6 years$9,425$8,884$8,374$7,894$7,441$6,386
7 years$7,998$7,461$6,959$6,490$6,052$5,046
8 years$6,927$6,395$5,902$5,444$5,020$4,063
9 years$6,095$5,568$5,083$4,637$4,228$3,319
10 years$5,430$4,908$4,431$3,997$3,602$2,740
11 years$4,886$4,369$3,901$3,479$3,098$2,282
12 years$4,433$3,922$3,462$3,051$2,685$1,914
13 years$4,050$3,544$3,093$2,694$2,341$1,613
14 years$3,722$3,221$2,779$2,391$2,052$1,366
15 years$3,438$2,943$2,509$2,133$1,807$1,162
16 years$3,190$2,700$2,275$1,910$1,597$991
17 years$2,971$2,487$2,070$1,716$1,416$847
18 years$2,777$2,298$1,890$1,546$1,259$726
19 years$2,603$2,130$1,730$1,397$1,122$623
20 years$2,447$1,979$1,588$1,265$1,002$536
21 years$2,306$1,843$1,461$1,148$897$461
22 years$2,178$1,721$1,346$1,044$804$397
23 years$2,061$1,609$1,243$951$722$343
24 years$1,954$1,508$1,149$867$649$296
25 years$1,856$1,415$1,065$792$584$256
26 years$1,766$1,330$987$724$526$221
27 years$1,682$1,252$917$663$474$191
28 years$1,605$1,179$852$607$428$166
29 years$1,533$1,113$793$557$386$143
30 years$1,466$1,051$739$511$349$124
31 years$1,403$993$689$469$316$108
32 years$1,344$940$643$431$285$93
33 years$1,289$890$600$397$258$81
34 years$1,238$844$561$365$234$70
35 years$1,189$800$524$336$212$61
36 years$1,144$759$490$309$192$53
37 years$1,100$721$459$285$174$46
38 years$1,060$685$430$263$158$40
39 years$1,021$652$403$242$143$34
40 years$984$620$377$224$130$30
41 years$950$590$354$206$118$26
42 years$917$562$332$190$107$22
43 years$885$536$312$176$97$19
44 years$855$511$292$162$88$17
45 years$827$487$275$150$80$15
46 years$800$464$258$138$73$13
47 years$774$443$242$128$66$11
48 years$749$423$228$118$60$10
49 years$726$404$214$109$54$8
50 years$703$386$201$101$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $720,000, adding $4,514 every year, while hoping to spend $24,347 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: 75/9/16 Blend
67$720,000$720,000$720,000$720,000
68$798,096$759,936$748,776$854,788
69$853,597$771,268$747,955$904,230
70$913,943$782,339$746,291$954,946
71$979,602$793,111$743,729$1,009,880
72$1,051,091$803,543$740,213$1,069,443
73$1,128,975$813,590$735,683$1,134,092
74$1,213,881$823,205$730,078$1,204,327
75$1,306,493$832,339$723,333$1,280,700
76$1,407,569$840,937$715,378$1,363,821
77$1,517,942$848,943$706,143$1,454,359
78$1,638,526$856,296$695,553$1,553,056
79$1,770,331$862,930$683,530$1,660,724
80$1,914,467$868,776$669,991$1,778,262
81$2,072,158$873,761$654,851$1,906,659
82$2,244,749$877,807$638,019$2,047,006
83$2,433,724$880,829$619,403$2,200,506
84$2,640,713$882,740$598,903$2,368,482
85$2,867,517$883,445$576,417$2,552,396
86$3,116,114$882,844$551,837$2,753,856
87$3,388,686$880,831$525,052$2,974,636
88$3,687,634$877,294$495,943$3,216,692
89$4,015,603$872,112$464,388$3,482,179
90$4,375,508$865,159$430,258$3,773,471
91$4,770,559$856,300$393,420$4,093,188
92$5,204,290$845,393$353,734$4,444,213
93$5,680,596$832,286$311,053$4,829,729
94$6,203,768$816,819$265,224$5,253,240
95$6,778,531$798,823$216,088$5,718,611
96$7,410,093$778,116$163,479$6,230,100
97$8,104,189$754,510$107,222$6,792,401
98$8,867,138$727,803$47,135$7,410,689
99$9,705,901$697,781$0$8,090,665
100$10,628,150$664,219$0$8,841,516