Can I retire at age 68 with 734,000?

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 $734,000?

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 years$60,613$60,073$59,546$59,032$58,530$58,284
2 years$30,006$29,448$28,906$28,381$27,872$27,623
3 years$19,806$19,244$18,704$18,184$17,683$17,439
4 years$14,706$14,147$13,612$13,100$12,612$12,375
5 years$11,647$11,091$10,563$10,062$9,587$9,359
6 years$9,609$9,057$8,537$8,047$7,586$7,366
7 years$8,153$7,606$7,094$6,616$6,169$5,957
8 years$7,062$6,520$6,016$5,550$5,118$4,915
9 years$6,214$5,676$5,182$4,727$4,310$4,115
10 years$5,536$5,004$4,518$4,075$3,672$3,485
11 years$4,981$4,454$3,977$3,546$3,158$2,980
12 years$4,519$3,998$3,530$3,111$2,737$2,566
13 years$4,129$3,613$3,154$2,746$2,387$2,224
14 years$3,794$3,284$2,834$2,438$2,092$1,937
15 years$3,505$3,000$2,558$2,174$1,842$1,694
16 years$3,252$2,753$2,319$1,947$1,628$1,487
17 years$3,029$2,535$2,111$1,749$1,444$1,310
18 years$2,831$2,342$1,927$1,576$1,284$1,157
19 years$2,654$2,171$1,764$1,424$1,144$1,024
20 years$2,495$2,017$1,619$1,290$1,022$908
21 years$2,351$1,879$1,489$1,171$914$807
22 years$2,220$1,754$1,372$1,064$820$718
23 years$2,101$1,641$1,267$969$736$639
24 years$1,992$1,537$1,172$884$661$570
25 years$1,892$1,442$1,085$807$595$509
26 years$1,800$1,356$1,007$738$536$455
27 years$1,715$1,276$935$676$483$407
28 years$1,636$1,202$869$619$436$365
29 years$1,563$1,134$809$568$394$327
30 years$1,494$1,071$753$521$356$293
31 years$1,430$1,013$702$479$322$263
32 years$1,370$958$655$440$291$236
33 years$1,314$907$612$404$263$212
34 years$1,262$860$572$372$238$190
35 years$1,212$816$534$343$216$171
36 years$1,166$774$500$316$196$153
37 years$1,122$735$468$291$177$138
38 years$1,080$699$438$268$161$124
39 years$1,041$664$410$247$146$111
40 years$1,003$632$385$228$132$100
41 years$968$602$361$210$120$90
42 years$934$573$338$194$109$81
43 years$903$546$318$179$99$73
44 years$872$521$298$165$90$66
45 years$843$496$280$153$81$59
46 years$815$473$263$141$74$53
47 years$789$452$247$130$67$48
48 years$764$431$232$120$61$43
49 years$740$412$218$111$55$39
50 years$717$393$205$103$50$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $734,000, adding $3,447 every year, while hoping to spend $20,147 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: 47/37/16 Blend
67$734,000$734,000$734,000$734,000
68$812,424$773,522$762,145$846,788
69$873,855$789,988$766,240$887,459
70$940,876$806,586$769,798$929,251
71$1,014,038$823,300$772,778$974,174
72$1,093,943$840,116$775,140$1,022,529
73$1,181,258$857,014$776,839$1,074,645
74$1,276,714$873,976$777,831$1,130,888
75$1,381,118$890,980$778,068$1,191,658
76$1,495,358$908,004$777,500$1,257,399
77$1,620,412$925,024$776,073$1,328,600
78$1,757,356$942,012$773,733$1,405,797
79$1,907,376$958,939$770,423$1,489,584
80$2,071,776$975,776$766,080$1,580,616
81$2,251,996$992,487$760,642$1,679,614
82$2,449,619$1,009,038$754,043$1,787,374
83$2,666,388$1,025,389$746,212$1,904,771
84$2,904,226$1,041,499$737,076$2,032,773
85$3,165,247$1,057,324$726,559$2,172,446
86$3,451,784$1,072,814$714,580$2,324,966
87$3,766,404$1,087,920$701,056$2,491,628
88$4,111,935$1,102,585$685,899$2,673,863
89$4,491,493$1,116,752$669,017$2,873,245
90$4,908,510$1,130,358$650,314$3,091,512
91$5,366,767$1,143,335$629,689$3,330,581
92$5,870,431$1,155,612$607,037$3,592,563
93$6,424,091$1,167,113$582,249$3,879,789
94$7,032,802$1,177,756$555,208$4,194,826
95$7,702,136$1,187,454$525,796$4,540,506
96$8,438,230$1,196,115$493,886$4,919,951
97$9,247,845$1,203,640$459,347$5,336,604
98$10,138,432$1,209,925$422,041$5,794,260
99$11,118,199$1,214,858$381,827$6,297,104
100$12,196,190$1,218,321$338,552$6,849,749