Can I retire at age 68 with 725,000?

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 $725,000?

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$59,870$59,337$58,816$58,308$57,813$56,576
2 years$29,639$29,087$28,552$28,033$27,530$26,290
3 years$19,563$19,008$18,475$17,961$17,466$16,262
4 years$14,526$13,973$13,445$12,940$12,457$11,297
5 years$11,504$10,955$10,434$9,939$9,470$8,358
6 years$9,491$8,946$8,432$7,948$7,493$6,431
7 years$8,053$7,513$7,007$6,535$6,094$5,081
8 years$6,975$6,440$5,943$5,482$5,055$4,091
9 years$6,138$5,607$5,118$4,669$4,257$3,342
10 years$5,468$4,942$4,462$4,025$3,627$2,759
11 years$4,920$4,400$3,929$3,503$3,120$2,298
12 years$4,464$3,949$3,486$3,073$2,704$1,927
13 years$4,078$3,569$3,115$2,713$2,358$1,625
14 years$3,748$3,244$2,799$2,408$2,067$1,376
15 years$3,462$2,963$2,527$2,147$1,820$1,170
16 years$3,212$2,719$2,291$1,923$1,608$997
17 years$2,992$2,504$2,085$1,728$1,426$853
18 years$2,796$2,314$1,903$1,557$1,268$731
19 years$2,621$2,144$1,742$1,407$1,130$627
20 years$2,464$1,993$1,599$1,274$1,009$539
21 years$2,322$1,856$1,471$1,156$903$464
22 years$2,193$1,733$1,355$1,051$810$400
23 years$2,076$1,620$1,252$958$727$345
24 years$1,968$1,518$1,157$873$653$298
25 years$1,869$1,425$1,072$798$588$258
26 years$1,778$1,339$994$729$530$223
27 years$1,694$1,260$923$668$477$193
28 years$1,616$1,188$858$612$431$167
29 years$1,543$1,120$799$561$389$144
30 years$1,476$1,058$744$515$351$125
31 years$1,413$1,000$694$473$318$108
32 years$1,354$946$647$434$287$94
33 years$1,298$896$604$400$260$81
34 years$1,246$849$565$368$236$71
35 years$1,198$806$528$338$213$61
36 years$1,151$765$494$312$193$53
37 years$1,108$726$462$287$175$46
38 years$1,067$690$433$265$159$40
39 years$1,028$656$405$244$144$35
40 years$991$624$380$225$131$30
41 years$956$594$356$208$119$26
42 years$923$566$334$192$108$23
43 years$891$539$314$177$98$20
44 years$861$514$294$163$89$17
45 years$833$490$276$151$80$15
46 years$805$468$260$139$73$13
47 years$779$446$244$129$66$11
48 years$754$426$229$119$60$10
49 years$731$407$215$110$55$8
50 years$708$389$203$102$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $725,000, adding $5,882 every year, while hoping to spend $26,130 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: 74/15/11 Blend
67$725,000$725,000$725,000$725,000
68$805,017$766,592$755,355$862,446
69$859,327$776,353$752,857$910,917
70$918,300$785,717$749,400$960,165
71$982,386$794,635$744,924$1,013,398
72$1,052,076$803,060$739,365$1,071,003
73$1,127,914$810,935$732,660$1,133,407
74$1,210,495$818,205$724,738$1,201,080
75$1,300,477$824,809$715,529$1,274,539
76$1,398,583$830,682$704,956$1,354,356
77$1,505,607$835,754$692,941$1,441,158
78$1,622,425$839,952$679,400$1,535,639
79$1,750,001$843,198$664,249$1,638,563
80$1,889,396$845,409$647,396$1,750,772
81$2,041,777$846,497$628,746$1,873,193
82$2,208,430$846,367$608,201$2,006,849
83$2,390,771$844,920$585,657$2,152,867
84$2,590,359$842,051$561,006$2,312,490
85$2,808,910$837,646$534,134$2,487,087
86$3,048,315$831,587$504,924$2,678,168
87$3,310,656$823,747$473,251$2,887,395
88$3,598,225$813,993$438,987$3,116,604
89$3,913,547$802,182$401,997$3,367,816
90$4,259,404$788,164$362,138$3,643,259
91$4,638,858$771,779$319,265$3,945,390
92$5,055,284$752,859$273,223$4,276,916
93$5,512,398$731,224$223,851$4,640,821
94$6,014,295$706,686$170,982$5,040,395
95$6,565,483$679,043$114,440$5,479,265
96$7,170,931$648,085$54,043$5,961,428
97$7,836,111$613,587$0$6,491,289
98$8,567,053$575,311$0$7,074,929
99$9,370,398$533,007$0$7,723,325
100$10,253,464$486,409$0$8,436,055