Can I retire at age 68 with 737,000?

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 $737,000?

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$60,861$60,319$59,790$59,274$58,769$58,522
2 years$30,129$29,568$29,024$28,497$27,985$27,735
3 years$19,887$19,323$18,781$18,258$17,755$17,510
4 years$14,766$14,204$13,667$13,154$12,663$12,426
5 years$11,695$11,136$10,606$10,104$9,626$9,397
6 years$9,648$9,094$8,572$8,080$7,617$7,396
7 years$8,187$7,637$7,123$6,643$6,195$5,982
8 years$7,091$6,546$6,041$5,573$5,139$4,935
9 years$6,239$5,700$5,203$4,747$4,328$4,132
10 years$5,558$5,024$4,536$4,092$3,688$3,500
11 years$5,001$4,473$3,994$3,561$3,171$2,992
12 years$4,538$4,014$3,544$3,123$2,748$2,577
13 years$4,146$3,628$3,166$2,758$2,397$2,233
14 years$3,810$3,298$2,845$2,448$2,101$1,945
15 years$3,519$3,012$2,569$2,183$1,850$1,701
16 years$3,265$2,764$2,329$1,955$1,635$1,493
17 years$3,041$2,545$2,119$1,756$1,449$1,315
18 years$2,842$2,352$1,935$1,583$1,289$1,161
19 years$2,665$2,180$1,771$1,430$1,149$1,028
20 years$2,505$2,026$1,625$1,295$1,026$912
21 years$2,360$1,887$1,495$1,176$918$810
22 years$2,229$1,761$1,378$1,069$823$721
23 years$2,110$1,647$1,272$973$739$642
24 years$2,001$1,543$1,177$888$664$573
25 years$1,900$1,448$1,090$811$598$511
26 years$1,808$1,361$1,011$741$538$457
27 years$1,722$1,281$939$679$485$409
28 years$1,643$1,207$872$622$438$366
29 years$1,569$1,139$812$570$395$328
30 years$1,500$1,075$756$523$357$294
31 years$1,436$1,017$705$481$323$264
32 years$1,376$962$658$442$292$237
33 years$1,320$911$614$406$264$212
34 years$1,267$863$574$374$239$191
35 years$1,217$819$537$344$217$171
36 years$1,171$777$502$317$196$154
37 years$1,126$738$470$292$178$138
38 years$1,085$702$440$269$161$124
39 years$1,045$667$412$248$146$112
40 years$1,008$635$386$229$133$101
41 years$972$604$362$211$120$90
42 years$938$575$340$195$109$81
43 years$906$548$319$180$99$73
44 years$876$523$299$166$90$66
45 years$847$498$281$153$82$59
46 years$819$475$264$142$74$53
47 years$792$454$248$131$67$48
48 years$767$433$233$121$61$43
49 years$743$414$219$112$56$39
50 years$720$395$206$103$50$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $737,000, adding $5,049 every year, while hoping to spend $38,037 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: 78/17/5 Blend
67$737,000$737,000$737,000$737,000
68$817,382$778,321$766,898$880,550
69$860,284$775,988$752,118$920,338
70$906,287$772,265$735,568$958,476
71$955,667$767,045$717,148$999,156
72$1,008,728$760,213$696,755$1,042,614
73$1,065,802$751,647$674,280$1,089,109
74$1,127,254$741,218$649,609$1,138,925
75$1,193,486$728,789$622,622$1,192,378
76$1,264,937$714,216$593,196$1,249,813
77$1,342,093$697,345$561,200$1,311,612
78$1,425,485$678,013$526,499$1,378,198
79$1,515,697$656,049$488,950$1,450,035
80$1,613,373$631,270$448,404$1,527,635
81$1,719,218$603,483$404,707$1,611,563
82$1,834,010$572,486$357,696$1,702,442
83$1,958,603$538,061$307,203$1,800,960
84$2,093,936$499,982$253,050$1,907,874
85$2,241,044$458,007$195,053$2,024,021
86$2,401,062$411,882$133,020$2,150,323
87$2,575,243$361,336$66,748$2,287,797
88$2,764,962$306,086$0$2,437,564
89$2,971,734$245,830$0$2,601,074
90$3,197,226$180,251$0$2,783,293
91$3,443,273$109,014$0$2,982,174
92$3,711,895$31,764$0$3,199,391
93$4,005,315$0$0$3,436,786
94$4,325,980$0$0$3,706,098
95$4,676,585$0$0$4,007,075
96$5,060,096$0$0$4,336,325
97$5,479,781$0$0$4,696,655
98$5,939,234$0$0$5,091,157
99$6,442,419$0$0$5,523,234
100$6,993,695$0$0$5,996,635