Can I retire at age 68 with 727,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$60,035$59,500$58,978$58,469$57,972$56,049
2 years$29,720$29,167$28,630$28,110$27,606$25,687
3 years$19,617$19,061$18,526$18,010$17,514$15,660
4 years$14,566$14,012$13,482$12,976$12,491$10,716
5 years$11,536$10,985$10,463$9,966$9,496$7,804
6 years$9,517$8,970$8,455$7,970$7,514$5,906
7 years$8,075$7,533$7,026$6,553$6,111$4,588
8 years$6,995$6,457$5,959$5,497$5,069$3,630
9 years$6,155$5,622$5,132$4,682$4,269$2,912
10 years$5,483$4,956$4,475$4,036$3,637$2,360
11 years$4,934$4,412$3,939$3,513$3,128$1,928
12 years$4,476$3,960$3,496$3,081$2,711$1,585
13 years$4,089$3,579$3,124$2,720$2,364$1,309
14 years$3,758$3,253$2,806$2,415$2,072$1,086
15 years$3,472$2,972$2,534$2,153$1,825$904
16 years$3,221$2,726$2,297$1,928$1,613$755
17 years$3,000$2,511$2,090$1,732$1,430$631
18 years$2,804$2,320$1,908$1,561$1,271$529
19 years$2,628$2,150$1,747$1,411$1,133$444
20 years$2,471$1,998$1,603$1,278$1,012$373
21 years$2,328$1,861$1,475$1,160$906$314
22 years$2,199$1,737$1,359$1,054$812$264
23 years$2,081$1,625$1,255$960$729$223
24 years$1,973$1,522$1,161$876$655$188
25 years$1,874$1,429$1,075$800$589$158
26 years$1,783$1,343$997$731$531$134
27 years$1,699$1,264$926$669$479$113
28 years$1,620$1,191$861$613$432$95
29 years$1,548$1,123$801$562$390$81
30 years$1,480$1,061$746$516$352$68
31 years$1,417$1,003$695$474$319$58
32 years$1,357$949$649$436$288$49
33 years$1,302$899$606$401$261$41
34 years$1,250$852$566$369$236$35
35 years$1,201$808$529$339$214$29
36 years$1,155$767$495$312$194$25
37 years$1,111$728$463$288$176$21
38 years$1,070$692$434$265$159$18
39 years$1,031$658$407$245$144$15
40 years$994$626$381$226$131$13
41 years$959$596$357$208$119$11
42 years$926$568$335$192$108$9
43 years$894$541$315$177$98$8
44 years$864$516$295$164$89$7
45 years$835$492$277$151$81$6
46 years$808$469$260$140$73$5
47 years$782$448$245$129$66$4
48 years$757$427$230$119$60$3
49 years$733$408$216$110$55$3
50 years$710$390$203$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $727,000, adding $6,019 every year, while hoping to spend $37,785 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: 45/42/13 Blend
67$727,000$727,000$727,000$727,000
68$807,363$768,832$757,563$840,446
69$849,511$766,301$742,739$861,528
70$894,691$762,381$726,151$880,067
71$943,174$756,962$707,701$899,336
72$995,255$749,930$687,286$919,417
73$1,051,258$741,164$664,797$940,403
74$1,111,540$730,534$640,122$962,400
75$1,176,491$717,905$613,140$985,525
76$1,246,543$703,131$583,730$1,009,911
77$1,322,166$686,060$551,760$1,035,708
78$1,403,880$666,530$517,097$1,063,083
79$1,492,254$644,369$479,598$1,092,224
80$1,587,915$619,394$439,117$1,123,343
81$1,691,553$591,415$395,497$1,156,676
82$1,803,925$560,228$348,580$1,192,487
83$1,925,863$525,617$298,195$1,231,072
84$2,058,284$487,355$244,167$1,272,761
85$2,202,195$445,201$186,313$1,317,925
86$2,358,705$398,902$124,441$1,366,974
87$2,529,034$348,189$58,350$1,420,370
88$2,714,523$292,778$0$1,478,623
89$2,916,649$232,369$0$1,543,995
90$3,137,037$166,645$0$1,624,179
91$3,377,475$95,271$0$1,711,812
92$3,639,933$17,895$0$1,807,715
93$3,926,577$0$0$1,912,798
94$4,239,793$0$0$2,058,508
95$4,582,207$0$0$2,226,925
96$4,956,711$0$0$2,411,212
97$5,366,489$0$0$2,612,946
98$5,815,046$0$0$2,833,864
99$6,306,243$0$0$3,075,879
100$6,844,331$0$0$3,341,098