Can I retire at age 68 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$60,943$60,400$59,871$59,354$58,849$56,581
2 years$30,170$29,608$29,064$28,536$28,023$25,766
3 years$19,914$19,349$18,806$18,283$17,779$15,603
4 years$14,786$14,224$13,686$13,172$12,680$10,601
5 years$11,711$11,152$10,621$10,117$9,639$7,663
6 years$9,661$9,106$8,583$8,091$7,627$5,756
7 years$8,198$7,647$7,133$6,652$6,203$4,435
8 years$7,100$6,555$6,049$5,580$5,146$3,480
9 years$6,248$5,707$5,210$4,753$4,334$2,768
10 years$5,566$5,031$4,542$4,097$3,693$2,223
11 years$5,008$4,479$3,999$3,566$3,176$1,800
12 years$4,544$4,020$3,549$3,128$2,752$1,466
13 years$4,151$3,633$3,171$2,761$2,400$1,200
14 years$3,815$3,302$2,849$2,451$2,104$986
15 years$3,524$3,016$2,572$2,186$1,852$812
16 years$3,270$2,768$2,332$1,957$1,637$671
17 years$3,045$2,549$2,122$1,759$1,451$556
18 years$2,846$2,355$1,937$1,585$1,291$461
19 years$2,668$2,183$1,773$1,432$1,150$383
20 years$2,508$2,028$1,628$1,297$1,027$318
21 years$2,364$1,889$1,497$1,177$919$265
22 years$2,232$1,764$1,380$1,070$824$220
23 years$2,113$1,649$1,274$975$740$184
24 years$2,003$1,545$1,178$889$665$153
25 years$1,903$1,450$1,091$812$598$128
26 years$1,810$1,363$1,012$742$539$107
27 years$1,724$1,283$940$679$486$89
28 years$1,645$1,209$874$623$438$74
29 years$1,571$1,140$813$571$396$62
30 years$1,502$1,077$757$524$358$52
31 years$1,438$1,018$706$481$323$43
32 years$1,378$963$659$442$293$36
33 years$1,322$912$615$407$265$30
34 years$1,269$865$575$374$240$25
35 years$1,219$820$537$344$217$21
36 years$1,172$778$503$317$197$18
37 years$1,128$739$470$292$178$15
38 years$1,086$703$441$269$162$12
39 years$1,046$668$413$248$147$10
40 years$1,009$636$387$229$133$9
41 years$973$605$363$211$121$7
42 years$940$576$340$195$109$6
43 years$907$549$319$180$99$5
44 years$877$523$300$166$90$4
45 years$848$499$281$154$82$4
46 years$820$476$264$142$74$3
47 years$793$454$248$131$67$2
48 years$768$434$233$121$61$2
49 years$744$414$219$112$56$2
50 years$721$396$206$103$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $738,000, adding $4,521 every year, while hoping to spend $26,115 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: 58/33/9 Blend
67$738,000$738,000$738,000$738,000
68$817,939$778,825$767,386$863,413
69$873,583$789,202$765,308$904,919
70$934,027$799,211$762,284$946,805
71$999,734$808,808$758,256$991,820
72$1,071,211$817,944$753,162$1,040,268
73$1,149,018$826,567$746,937$1,092,480
74$1,233,771$834,622$739,513$1,148,826
75$1,326,147$842,050$730,817$1,209,711
76$1,426,890$848,787$720,776$1,275,583
77$1,536,822$854,766$709,311$1,346,936
78$1,656,846$859,917$696,341$1,424,315
79$1,787,954$864,164$681,778$1,508,320
80$1,931,242$867,424$665,535$1,599,616
81$2,087,915$869,614$647,516$1,698,933
82$2,259,298$870,641$627,623$1,807,079
83$2,446,852$870,408$605,755$1,924,944
84$2,652,186$868,813$581,802$2,053,511
85$2,877,070$865,746$555,654$2,193,863
86$3,123,454$861,091$527,191$2,347,196
87$3,393,487$854,724$496,293$2,514,828
88$3,689,533$846,517$462,829$2,698,215
89$4,014,199$836,329$426,667$2,898,962
90$4,370,352$824,015$387,666$3,118,838
91$4,761,155$809,418$345,680$3,359,796
92$5,190,088$792,375$300,555$3,623,992
93$5,660,986$772,710$252,132$3,913,799
94$6,178,073$750,239$200,245$4,231,840
95$6,746,002$724,767$144,719$4,581,004
96$7,369,900$696,086$85,373$4,964,480
97$8,055,413$663,977$22,016$5,385,782
98$8,808,763$628,210$0$5,848,791
99$9,636,803$588,538$0$6,362,159
100$10,547,083$544,703$0$6,928,767