Can I retire at age 68 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$60,200$59,664$59,141$58,630$58,131$56,819
2 years$29,802$29,247$28,709$28,188$27,682$26,366
3 years$19,671$19,113$18,577$18,060$17,562$16,285
4 years$14,606$14,050$13,519$13,011$12,526$11,296
5 years$11,568$11,016$10,491$9,994$9,522$8,344
6 years$9,543$8,995$8,479$7,992$7,534$6,409
7 years$8,098$7,554$7,046$6,571$6,127$5,055
8 years$7,014$6,475$5,975$5,512$5,083$4,064
9 years$6,171$5,638$5,147$4,695$4,281$3,313
10 years$5,498$4,969$4,487$4,047$3,647$2,731
11 years$4,947$4,424$3,950$3,522$3,137$2,270
12 years$4,488$3,971$3,506$3,090$2,718$1,900
13 years$4,101$3,588$3,132$2,728$2,371$1,598
14 years$3,769$3,262$2,814$2,421$2,078$1,351
15 years$3,481$2,980$2,541$2,159$1,830$1,146
16 years$3,230$2,734$2,304$1,933$1,617$975
17 years$3,008$2,518$2,096$1,737$1,434$832
18 years$2,811$2,326$1,914$1,566$1,275$711
19 years$2,636$2,156$1,752$1,415$1,136$609
20 years$2,478$2,004$1,608$1,281$1,015$523
21 years$2,335$1,866$1,479$1,163$908$449
22 years$2,205$1,742$1,363$1,057$814$386
23 years$2,087$1,629$1,258$963$731$332
24 years$1,979$1,527$1,164$878$657$286
25 years$1,879$1,433$1,078$802$591$247
26 years$1,788$1,346$1,000$733$532$213
27 years$1,703$1,267$928$671$480$184
28 years$1,625$1,194$863$615$433$159
29 years$1,552$1,126$803$564$391$137
30 years$1,484$1,064$748$518$353$118
31 years$1,421$1,006$697$475$320$102
32 years$1,361$952$651$437$289$88
33 years$1,306$901$608$402$262$76
34 years$1,253$854$568$370$237$66
35 years$1,204$810$531$340$214$57
36 years$1,158$769$496$313$194$49
37 years$1,114$730$465$289$176$43
38 years$1,073$694$435$266$160$37
39 years$1,034$660$408$245$145$32
40 years$997$628$382$226$131$28
41 years$962$598$358$209$119$24
42 years$928$569$336$193$108$21
43 years$896$542$315$178$98$18
44 years$866$517$296$164$89$16
45 years$837$493$278$152$81$13
46 years$810$470$261$140$73$12
47 years$784$449$245$129$67$10
48 years$759$428$231$120$61$9
49 years$735$409$217$111$55$8
50 years$712$391$204$102$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $729,000, adding $5,676 every year, while hoping to spend $22,945 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: 68/7/25 Blend
67$729,000$729,000$729,000$729,000
68$809,213$770,576$759,276$858,678
69$867,339$783,921$760,299$905,936
70$930,625$797,150$760,586$954,469
71$999,574$810,235$760,091$1,007,033
72$1,074,736$823,143$758,760$1,064,027
73$1,156,722$835,839$756,540$1,125,891
74$1,246,199$848,287$753,376$1,193,109
75$1,343,905$860,447$749,208$1,266,214
76$1,450,650$872,276$743,974$1,345,797
77$1,567,329$883,729$737,609$1,432,505
78$1,694,922$894,758$730,045$1,527,054
79$1,834,514$905,311$721,211$1,630,233
80$1,987,295$915,332$711,032$1,742,913
81$2,154,579$924,763$699,431$1,866,051
82$2,337,809$933,540$686,326$2,000,706
83$2,538,579$941,596$671,630$2,148,042
84$2,758,639$948,859$655,255$2,309,345
85$2,999,921$955,254$637,107$2,486,033
86$3,264,551$960,700$617,088$2,679,665
87$3,554,870$965,109$595,095$2,891,966
88$3,873,458$968,390$571,022$3,124,833
89$4,223,155$970,446$544,756$3,380,359
90$4,607,092$971,172$516,180$3,660,852
91$5,028,715$970,460$485,172$3,968,855
92$5,491,822$968,190$451,603$4,307,173
93$6,000,597$964,241$415,341$4,678,896
94$6,559,648$958,478$376,245$5,087,434
95$7,174,052$950,764$334,169$5,536,541
96$7,849,403$940,949$288,962$6,030,361
97$8,591,864$928,877$240,463$6,573,458
98$9,408,222$914,381$188,507$7,170,865
99$10,305,959$897,283$132,920$7,828,129
100$11,293,315$877,399$73,522$8,551,365