Can I retire at age 68 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$60,118$59,582$59,060$58,550$58,052$56,856
2 years$29,761$29,207$28,670$28,149$27,644$26,445
3 years$19,644$19,087$18,551$18,035$17,538$16,373
4 years$14,586$14,031$13,501$12,993$12,508$11,386
5 years$11,552$11,000$10,477$9,980$9,509$8,433
6 years$9,530$8,983$8,467$7,981$7,524$6,495
7 years$8,087$7,544$7,036$6,562$6,119$5,138
8 years$7,004$6,466$5,967$5,505$5,076$4,142
9 years$6,163$5,630$5,139$4,689$4,275$3,387
10 years$5,490$4,963$4,481$4,042$3,642$2,800
11 years$4,940$4,418$3,945$3,517$3,133$2,335
12 years$4,482$3,965$3,501$3,085$2,715$1,960
13 years$4,095$3,583$3,128$2,724$2,367$1,655
14 years$3,763$3,257$2,810$2,418$2,075$1,404
15 years$3,476$2,976$2,537$2,156$1,827$1,195
16 years$3,225$2,730$2,300$1,931$1,615$1,020
17 years$3,004$2,514$2,093$1,735$1,432$874
18 years$2,808$2,323$1,911$1,563$1,273$750
19 years$2,632$2,153$1,749$1,413$1,135$645
20 years$2,474$2,001$1,606$1,279$1,014$555
21 years$2,332$1,864$1,477$1,161$907$479
22 years$2,202$1,740$1,361$1,056$813$413
23 years$2,084$1,627$1,257$962$730$357
24 years$1,976$1,525$1,162$877$656$309
25 years$1,877$1,431$1,076$801$590$267
26 years$1,785$1,345$998$732$532$231
27 years$1,701$1,265$927$670$479$201
28 years$1,623$1,192$862$614$433$174
29 years$1,550$1,125$802$563$391$151
30 years$1,482$1,062$747$517$353$131
31 years$1,419$1,004$696$475$319$113
32 years$1,359$950$650$436$289$99
33 years$1,304$900$607$401$261$86
34 years$1,252$853$567$369$236$74
35 years$1,202$809$530$340$214$65
36 years$1,156$768$496$313$194$56
37 years$1,113$729$464$288$176$49
38 years$1,071$693$435$266$159$42
39 years$1,032$659$407$245$145$37
40 years$995$627$382$226$131$32
41 years$960$597$358$209$119$28
42 years$927$568$336$192$108$24
43 years$895$542$315$178$98$21
44 years$865$516$296$164$89$18
45 years$836$492$278$151$81$16
46 years$809$470$261$140$73$14
47 years$783$448$245$129$67$12
48 years$758$428$230$119$60$10
49 years$734$409$216$110$55$9
50 years$711$390$203$102$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $728,000, adding $5,871 every year, while hoping to spend $35,796 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: 66/6/28 Blend
67$728,000$728,000$728,000$728,000
68$808,312$769,728$758,444$855,344
69$852,673$769,358$745,765$887,432
70$900,359$767,770$731,462$917,972
71$951,672$764,867$715,442$950,573
72$1,006,942$760,545$697,609$985,441
73$1,066,533$754,695$677,862$1,022,805
74$1,130,844$747,199$656,095$1,062,917
75$1,200,314$737,936$632,197$1,106,057
76$1,275,425$726,773$606,055$1,152,534
77$1,356,706$713,573$577,546$1,202,689
78$1,444,740$698,188$546,544$1,256,901
79$1,540,168$680,464$512,917$1,315,588
80$1,643,694$660,235$476,528$1,379,211
81$1,756,092$637,328$437,233$1,448,281
82$1,878,213$611,557$394,881$1,523,363
83$2,010,996$582,728$349,314$1,605,081
84$2,155,470$550,634$300,369$1,694,124
85$2,312,770$515,058$247,873$1,791,253
86$2,484,144$475,767$191,649$1,897,311
87$2,670,966$432,519$131,508$2,013,227
88$2,874,747$385,055$67,256$2,140,027
89$3,097,151$333,102$0$2,278,846
90$3,340,010$276,373$0$2,431,329
91$3,605,338$214,563$0$2,619,935
92$3,895,357$147,351$0$2,826,143
93$4,212,509$74,397$0$3,051,709
94$4,559,485$0$0$3,298,566
95$4,939,248$0$0$3,569,153
96$5,355,060$0$0$3,870,848
97$5,810,512$0$0$4,201,352
98$6,309,562$0$0$4,563,542
99$6,856,566$0$0$4,960,584
100$7,456,322$0$0$5,395,969