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%20%
1 years$60,200$59,664$59,141$58,630$58,131$55,803
2 years$29,802$29,247$28,709$28,188$27,682$25,365
3 years$19,671$19,113$18,577$18,060$17,562$15,330
4 years$14,606$14,050$13,519$13,011$12,526$10,395
5 years$11,568$11,016$10,491$9,994$9,522$7,499
6 years$9,543$8,995$8,479$7,992$7,534$5,620
7 years$8,098$7,554$7,046$6,571$6,127$4,320
8 years$7,014$6,475$5,975$5,512$5,083$3,382
9 years$6,171$5,638$5,147$4,695$4,281$2,683
10 years$5,498$4,969$4,487$4,047$3,647$2,150
11 years$4,947$4,424$3,950$3,522$3,137$1,736
12 years$4,488$3,971$3,506$3,090$2,718$1,410
13 years$4,101$3,588$3,132$2,728$2,371$1,151
14 years$3,769$3,262$2,814$2,421$2,078$943
15 years$3,481$2,980$2,541$2,159$1,830$775
16 years$3,230$2,734$2,304$1,933$1,617$638
17 years$3,008$2,518$2,096$1,737$1,434$527
18 years$2,811$2,326$1,914$1,566$1,275$436
19 years$2,636$2,156$1,752$1,415$1,136$361
20 years$2,478$2,004$1,608$1,281$1,015$299
21 years$2,335$1,866$1,479$1,163$908$248
22 years$2,205$1,742$1,363$1,057$814$206
23 years$2,087$1,629$1,258$963$731$171
24 years$1,979$1,527$1,164$878$657$142
25 years$1,879$1,433$1,078$802$591$118
26 years$1,788$1,346$1,000$733$532$98
27 years$1,703$1,267$928$671$480$82
28 years$1,625$1,194$863$615$433$68
29 years$1,552$1,126$803$564$391$57
30 years$1,484$1,064$748$518$353$47
31 years$1,421$1,006$697$475$320$39
32 years$1,361$952$651$437$289$33
33 years$1,306$901$608$402$262$27
34 years$1,253$854$568$370$237$23
35 years$1,204$810$531$340$214$19
36 years$1,158$769$496$313$194$16
37 years$1,114$730$465$289$176$13
38 years$1,073$694$435$266$160$11
39 years$1,034$660$408$245$145$9
40 years$997$628$382$226$131$8
41 years$962$598$358$209$119$6
42 years$928$569$336$193$108$5
43 years$896$542$315$178$98$4
44 years$866$517$296$164$89$4
45 years$837$493$278$152$81$3
46 years$810$470$261$140$73$3
47 years$784$449$245$129$67$2
48 years$759$428$231$120$61$2
49 years$735$409$217$111$55$1
50 years$712$391$204$102$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $729,000, adding $6,101 every year, while hoping to spend $25,023 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: 23/48/29 Blend
67$729,000$729,000$729,000$729,000
68$809,651$771,014$759,715$820,776
69$865,611$782,170$758,541$842,091
70$926,441$793,033$756,489$862,412
71$992,610$803,564$753,503$883,639
72$1,064,635$813,718$749,525$905,866
73$1,143,088$823,449$744,494$929,195
74$1,228,592$832,708$738,344$953,740
75$1,321,839$841,441$731,009$979,628
76$1,423,587$849,592$722,418$1,007,004
77$1,534,671$857,100$712,497$1,036,025
78$1,656,011$863,901$701,169$1,066,871
79$1,788,619$869,927$688,353$1,099,737
80$1,933,609$875,105$673,964$1,134,846
81$2,092,208$879,356$657,913$1,172,441
82$2,265,768$882,599$640,108$1,212,797
83$2,455,776$884,746$620,451$1,256,217
84$2,663,870$885,704$598,841$1,303,039
85$2,891,854$885,373$575,172$1,353,639
86$3,141,715$883,648$549,332$1,408,434
87$3,415,641$880,417$521,205$1,467,887
88$3,716,042$875,563$490,671$1,532,514
89$4,045,571$868,959$457,602$1,602,886
90$4,407,154$860,472$421,866$1,679,637
91$4,804,009$849,961$383,323$1,763,471
92$5,239,684$837,275$341,831$1,855,167
93$5,718,086$822,256$297,237$1,955,592
94$6,243,520$804,736$249,384$2,065,705
95$6,820,727$784,536$198,106$2,186,568
96$7,454,931$761,468$143,233$2,319,358
97$8,151,887$735,333$84,583$2,465,380
98$8,917,933$705,918$21,970$2,626,078
99$9,760,054$673,000$0$2,803,052
100$10,685,945$636,342$0$3,011,948