Can I retire at age 68 with 728,000?

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 $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%12.4%
1 years$60,118$59,582$59,060$58,550$58,052$57,469
2 years$29,761$29,207$28,670$28,149$27,644$27,057
3 years$19,644$19,087$18,551$18,035$17,538$16,966
4 years$14,586$14,031$13,501$12,993$12,508$11,954
5 years$11,552$11,000$10,477$9,980$9,509$8,975
6 years$9,530$8,983$8,467$7,981$7,524$7,011
7 years$8,087$7,544$7,036$6,562$6,119$5,626
8 years$7,004$6,466$5,967$5,505$5,076$4,605
9 years$6,163$5,630$5,139$4,689$4,275$3,824
10 years$5,490$4,963$4,481$4,042$3,642$3,212
11 years$4,940$4,418$3,945$3,517$3,133$2,722
12 years$4,482$3,965$3,501$3,085$2,715$2,324
13 years$4,095$3,583$3,128$2,724$2,367$1,996
14 years$3,763$3,257$2,810$2,418$2,075$1,722
15 years$3,476$2,976$2,537$2,156$1,827$1,493
16 years$3,225$2,730$2,300$1,931$1,615$1,298
17 years$3,004$2,514$2,093$1,735$1,432$1,132
18 years$2,808$2,323$1,911$1,563$1,273$990
19 years$2,632$2,153$1,749$1,413$1,135$867
20 years$2,474$2,001$1,606$1,279$1,014$761
21 years$2,332$1,864$1,477$1,161$907$670
22 years$2,202$1,740$1,361$1,056$813$590
23 years$2,084$1,627$1,257$962$730$520
24 years$1,976$1,525$1,162$877$656$459
25 years$1,877$1,431$1,076$801$590$405
26 years$1,785$1,345$998$732$532$358
27 years$1,701$1,265$927$670$479$317
28 years$1,623$1,192$862$614$433$281
29 years$1,550$1,125$802$563$391$249
30 years$1,482$1,062$747$517$353$220
31 years$1,419$1,004$696$475$319$195
32 years$1,359$950$650$436$289$173
33 years$1,304$900$607$401$261$154
34 years$1,252$853$567$369$236$136
35 years$1,202$809$530$340$214$121
36 years$1,156$768$496$313$194$108
37 years$1,113$729$464$288$176$96
38 years$1,071$693$435$266$159$85
39 years$1,032$659$407$245$145$75
40 years$995$627$382$226$131$67
41 years$960$597$358$209$119$60
42 years$927$568$336$192$108$53
43 years$895$542$315$178$98$47
44 years$865$516$296$164$89$42
45 years$836$492$278$151$81$37
46 years$809$470$261$140$73$33
47 years$783$448$245$129$67$29
48 years$758$428$230$119$60$26
49 years$734$409$216$110$55$23
50 years$711$390$203$102$50$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $728,000, adding $4,375 every year, while hoping to spend $25,968 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: 44/44/12 Blend
67$728,000$728,000$728,000$728,000
68$806,769$768,185$756,901$839,302
69$861,429$778,196$754,627$872,410
70$920,795$787,828$751,407$905,303
71$985,318$797,033$747,181$940,377
72$1,055,497$805,764$741,888$977,844
73$1,131,879$813,967$735,462$1,017,936
74$1,215,066$821,588$727,836$1,060,913
75$1,305,722$828,565$718,938$1,107,058
76$1,404,577$834,835$708,693$1,156,689
77$1,512,433$840,332$697,024$1,210,152
78$1,630,175$844,982$683,848$1,267,834
79$1,758,777$848,710$669,081$1,330,160
80$1,899,309$851,434$652,632$1,397,602
81$2,052,951$853,066$634,408$1,470,680
82$2,221,002$853,517$614,310$1,549,969
83$2,404,891$852,686$592,237$1,636,104
84$2,606,194$850,472$568,081$1,729,788
85$2,826,644$846,763$541,729$1,831,798
86$3,068,150$841,442$513,066$1,942,989
87$3,332,815$834,387$481,967$2,064,311
88$3,622,955$825,464$448,306$2,196,808
89$3,941,120$814,536$411,948$2,341,637
90$4,290,120$801,454$372,754$2,500,075
91$4,673,048$786,061$330,577$2,673,532
92$5,093,313$768,192$285,266$2,863,564
93$5,554,669$747,672$236,660$3,071,892
94$6,061,252$724,314$184,594$3,300,415
95$6,617,616$697,921$128,894$3,551,228
96$7,228,779$668,286$69,379$3,826,647
97$7,900,271$635,189$5,859$4,129,227
98$8,638,180$598,395$0$4,461,789
99$9,449,217$557,659$0$4,835,377
100$10,340,773$512,720$0$5,246,815