Can I retire at age 68 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$60,530$59,991$59,465$58,952$58,450$58,180
2 years$29,966$29,407$28,867$28,342$27,834$27,560
3 years$19,779$19,218$18,679$18,159$17,659$17,391
4 years$14,686$14,127$13,593$13,083$12,594$12,335
5 years$11,631$11,076$10,549$10,049$9,574$9,323
6 years$9,596$9,044$8,525$8,036$7,576$7,334
7 years$8,142$7,595$7,084$6,607$6,161$5,929
8 years$7,052$6,511$6,008$5,542$5,111$4,888
9 years$6,205$5,669$5,175$4,721$4,304$4,090
10 years$5,528$4,997$4,512$4,069$3,667$3,463
11 years$4,974$4,448$3,972$3,542$3,154$2,958
12 years$4,513$3,993$3,525$3,106$2,733$2,546
13 years$4,123$3,608$3,149$2,743$2,384$2,205
14 years$3,789$3,280$2,830$2,435$2,089$1,919
15 years$3,500$2,996$2,555$2,171$1,840$1,678
16 years$3,247$2,749$2,316$1,944$1,626$1,472
17 years$3,025$2,532$2,108$1,747$1,442$1,295
18 years$2,827$2,339$1,924$1,574$1,282$1,143
19 years$2,650$2,168$1,761$1,422$1,143$1,011
20 years$2,491$2,015$1,617$1,288$1,021$896
21 years$2,348$1,877$1,487$1,169$913$795
22 years$2,217$1,752$1,370$1,063$819$707
23 years$2,098$1,638$1,265$968$735$630
24 years$1,990$1,535$1,170$883$660$561
25 years$1,890$1,441$1,084$806$594$501
26 years$1,798$1,354$1,005$737$535$447
27 years$1,713$1,274$933$675$483$400
28 years$1,634$1,201$868$618$436$358
29 years$1,560$1,133$808$567$393$320
30 years$1,492$1,070$752$520$355$287
31 years$1,428$1,011$701$478$321$257
32 years$1,369$957$654$439$291$230
33 years$1,313$906$611$404$263$207
34 years$1,260$859$571$372$238$185
35 years$1,211$815$534$342$216$166
36 years$1,164$773$499$315$195$149
37 years$1,120$734$467$290$177$134
38 years$1,079$698$438$268$161$121
39 years$1,039$664$410$247$146$108
40 years$1,002$631$384$228$132$97
41 years$967$601$360$210$120$87
42 years$933$572$338$194$109$79
43 years$901$545$317$179$99$71
44 years$871$520$298$165$90$64
45 years$842$496$280$153$81$57
46 years$814$473$263$141$74$51
47 years$788$451$247$130$67$46
48 years$763$431$232$120$61$42
49 years$739$411$218$111$55$37
50 years$716$393$205$103$50$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $733,000, adding $5,232 every year, while hoping to spend $30,098 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: 36/40/24 Blend
67$733,000$733,000$733,000$733,000
68$813,163$774,314$762,952$836,395
69$864,081$780,231$756,487$859,883
70$919,185$785,430$748,797$882,083
71$978,868$789,842$739,808$905,449
72$1,043,566$793,398$729,445$930,107
73$1,113,756$796,021$717,628$956,193
74$1,189,964$797,630$704,272$983,863
75$1,272,766$798,140$689,292$1,013,286
76$1,362,800$797,460$672,594$1,044,655
77$1,460,763$795,494$654,084$1,078,184
78$1,567,426$792,138$633,661$1,114,108
79$1,683,635$787,284$611,220$1,152,694
80$1,810,322$780,817$586,652$1,194,234
81$1,948,512$772,614$559,842$1,239,056
82$2,099,333$762,546$530,670$1,287,524
83$2,264,029$750,474$499,011$1,340,041
84$2,443,966$736,254$464,734$1,397,057
85$2,640,651$719,731$427,703$1,459,071
86$2,855,741$700,741$387,775$1,526,636
87$3,091,061$679,111$344,799$1,600,367
88$3,348,620$654,659$298,622$1,680,945
89$3,630,632$627,190$249,078$1,769,127
90$3,939,534$596,500$196,000$1,865,752
91$4,278,009$562,371$139,208$1,971,749
92$4,649,012$524,573$78,518$2,088,149
93$5,055,800$482,865$13,736$2,216,093
94$5,501,956$436,990$0$2,356,846
95$5,991,429$386,677$0$2,525,995
96$6,528,570$331,639$0$2,715,580
97$7,118,168$271,573$0$2,923,854
98$7,765,501$206,160$0$3,152,775
99$8,476,383$135,063$0$3,404,508
100$9,257,217$57,924$0$3,681,443