Can I retire at age 68 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$60,365$59,828$59,303$58,791$58,291$57,924
2 years$29,884$29,327$28,788$28,265$27,758$27,387
3 years$19,725$19,166$18,628$18,110$17,611$17,248
4 years$14,646$14,089$13,556$13,047$12,560$12,209
5 years$11,600$11,046$10,520$10,021$9,548$9,209
6 years$9,569$9,020$8,502$8,014$7,555$7,228
7 years$8,120$7,575$7,065$6,589$6,144$5,830
8 years$7,033$6,493$5,992$5,527$5,097$4,796
9 years$6,188$5,653$5,161$4,708$4,293$4,004
10 years$5,513$4,983$4,499$4,058$3,657$3,381
11 years$4,961$4,436$3,961$3,532$3,146$2,882
12 years$4,501$3,982$3,515$3,098$2,726$2,474
13 years$4,112$3,598$3,141$2,735$2,377$2,137
14 years$3,779$3,271$2,822$2,428$2,084$1,855
15 years$3,491$2,988$2,548$2,165$1,835$1,617
16 years$3,239$2,741$2,310$1,939$1,621$1,415
17 years$3,016$2,525$2,102$1,742$1,438$1,242
18 years$2,819$2,333$1,919$1,570$1,278$1,093
19 years$2,643$2,162$1,757$1,418$1,139$964
20 years$2,484$2,009$1,612$1,285$1,018$852
21 years$2,341$1,871$1,483$1,166$911$754
22 years$2,211$1,747$1,367$1,060$816$668
23 years$2,093$1,634$1,262$965$733$593
24 years$1,984$1,531$1,167$881$659$527
25 years$1,885$1,437$1,081$804$593$469
26 years$1,793$1,350$1,002$735$534$418
27 years$1,708$1,271$931$673$481$372
28 years$1,629$1,197$865$617$434$332
29 years$1,556$1,130$805$565$392$296
30 years$1,488$1,067$750$519$354$264
31 years$1,424$1,008$699$477$320$236
32 years$1,365$954$652$438$290$211
33 years$1,309$904$609$403$262$189
34 years$1,257$856$569$371$237$169
35 years$1,207$812$532$341$215$151
36 years$1,161$771$498$314$195$135
37 years$1,117$732$466$290$177$121
38 years$1,076$696$436$267$160$108
39 years$1,037$662$409$246$145$97
40 years$999$630$383$227$132$87
41 years$964$599$359$209$119$78
42 years$931$571$337$193$108$70
43 years$899$544$316$178$98$62
44 years$869$518$297$165$89$56
45 years$840$494$279$152$81$50
46 years$812$472$262$141$74$45
47 years$786$450$246$130$67$40
48 years$761$430$231$120$61$36
49 years$737$410$217$111$55$32
50 years$714$392$204$102$50$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $731,000, adding $5,093 every year, while hoping to spend $22,423 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: 81/6/13 Blend
67$731,000$731,000$731,000$731,000
68$810,815$772,072$760,742$874,081
69$869,661$786,046$762,369$930,324
70$933,757$799,953$763,299$988,605
71$1,003,615$813,766$763,485$1,051,926
72$1,079,800$827,456$762,877$1,120,782
73$1,162,930$840,993$761,425$1,195,717
74$1,253,689$854,341$759,072$1,277,331
75$1,352,828$867,467$755,764$1,366,285
76$1,461,174$880,330$751,439$1,463,306
77$1,579,638$892,890$746,036$1,569,197
78$1,709,221$905,102$739,489$1,684,842
79$1,851,029$916,919$731,729$1,811,213
80$2,006,276$928,290$722,684$1,949,382
81$2,176,301$939,161$712,279$2,100,531
82$2,362,578$949,475$700,435$2,265,962
83$2,566,731$959,169$687,070$2,447,109
84$2,790,548$968,178$672,096$2,645,551
85$3,035,997$976,432$655,425$2,863,031
86$3,305,247$983,856$636,960$3,101,467
87$3,600,688$990,371$616,604$3,362,973
88$3,924,950$995,891$594,252$3,649,878
89$4,280,933$1,000,327$569,797$3,964,751
90$4,671,828$1,003,583$543,125$4,310,419
91$5,101,153$1,005,557$514,119$4,689,999
92$5,572,782$1,006,141$482,653$5,106,928
93$6,090,984$1,005,220$448,600$5,564,990
94$6,660,460$1,002,672$411,824$6,068,357
95$7,286,391$998,367$372,185$6,621,626
96$7,974,484$992,168$329,534$7,229,862
97$8,731,027$983,929$283,718$7,898,648
98$9,562,945$973,496$234,576$8,634,137
99$10,477,872$960,703$181,941$9,443,109
100$11,484,216$945,379$125,637$10,333,033