Can I retire at age 68 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$61,191$60,646$60,114$59,595$59,088$58,765
2 years$30,293$29,728$29,182$28,652$28,137$27,811
3 years$19,994$19,428$18,882$18,357$17,851$17,533
4 years$14,846$14,282$13,742$13,225$12,732$12,423
5 years$11,758$11,197$10,664$10,158$9,679$9,380
6 years$9,700$9,143$8,618$8,124$7,658$7,371
7 years$8,231$7,678$7,162$6,679$6,228$5,952
8 years$7,129$6,582$6,074$5,603$5,167$4,901
9 years$6,273$5,731$5,231$4,772$4,351$4,097
10 years$5,588$5,051$4,561$4,114$3,708$3,464
11 years$5,029$4,497$4,015$3,580$3,189$2,956
12 years$4,562$4,036$3,563$3,140$2,763$2,541
13 years$4,168$3,647$3,184$2,772$2,410$2,197
14 years$3,831$3,315$2,861$2,461$2,112$1,910
15 years$3,538$3,029$2,583$2,195$1,860$1,668
16 years$3,283$2,779$2,342$1,965$1,644$1,461
17 years$3,058$2,559$2,131$1,766$1,457$1,284
18 years$2,858$2,365$1,945$1,591$1,296$1,131
19 years$2,679$2,192$1,781$1,438$1,155$999
20 years$2,518$2,037$1,634$1,302$1,032$884
21 years$2,373$1,897$1,503$1,182$923$784
22 years$2,242$1,771$1,385$1,075$828$696
23 years$2,121$1,656$1,279$979$743$619
24 years$2,011$1,552$1,183$893$668$551
25 years$1,910$1,456$1,096$815$601$491
26 years$1,817$1,369$1,016$745$541$438
27 years$1,731$1,288$944$682$488$391
28 years$1,652$1,214$877$625$440$349
29 years$1,577$1,145$816$573$398$312
30 years$1,508$1,081$760$526$359$279
31 years$1,444$1,022$709$483$325$249
32 years$1,384$967$661$444$294$223
33 years$1,327$916$618$408$266$200
34 years$1,274$868$577$376$241$179
35 years$1,224$823$539$346$218$160
36 years$1,177$782$505$319$198$144
37 years$1,132$742$472$293$179$129
38 years$1,090$705$442$270$162$116
39 years$1,051$671$414$249$147$104
40 years$1,013$638$388$230$134$93
41 years$977$608$364$212$121$83
42 years$943$579$342$196$110$75
43 years$911$551$321$181$100$67
44 years$880$525$301$167$91$60
45 years$851$501$283$154$82$54
46 years$823$478$265$142$75$49
47 years$797$456$249$132$68$44
48 years$771$435$234$122$62$39
49 years$747$416$220$112$56$35
50 years$723$397$207$104$51$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $741,000, adding $4,642 every year, while hoping to spend $54,614 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: 63/12/25 Blend
67$741,000$741,000$741,000$741,000
68$821,370$782,097$770,612$867,426
69$847,041$762,311$738,318$879,352
70$873,500$739,725$703,113$885,926
71$900,770$714,144$664,840$891,897
72$928,873$685,362$623,337$897,215
73$957,834$653,161$578,435$901,824
74$987,677$617,310$529,956$905,667
75$1,018,427$577,565$477,716$908,682
76$1,050,108$533,667$421,521$910,805
77$1,082,747$485,344$361,170$911,967
78$1,116,368$432,308$296,451$912,096
79$1,151,000$374,252$227,143$911,114
80$1,186,667$310,857$153,018$908,940
81$1,223,399$241,780$73,836$905,489
82$1,261,221$166,662$0$900,670
83$1,300,161$85,125$0$897,231
84$1,340,248$0$0$913,431
85$1,381,509$0$0$929,945
86$1,423,972$0$0$958,507
87$1,467,665$0$0$987,893
88$1,512,616$0$0$1,018,122
89$1,558,853$0$0$1,049,214
90$1,606,401$0$0$1,081,184
91$1,655,289$0$0$1,114,052
92$1,705,542$0$0$1,147,833
93$1,757,186$0$0$1,182,545
94$1,810,244$0$0$1,218,203
95$1,864,739$0$0$1,254,822
96$1,920,693$0$0$1,292,415
97$1,978,126$0$0$1,330,996
98$2,037,055$0$0$1,370,574
99$2,097,495$0$0$1,411,159
100$2,159,459$0$0$1,452,759