Can I retire at age 68 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$61,439$60,892$60,358$59,836$59,328$58,781
2 years$30,415$29,849$29,300$28,768$28,251$27,701
3 years$20,075$19,507$18,959$18,432$17,924$17,386
4 years$14,907$14,339$13,797$13,279$12,783$12,263
5 years$11,806$11,242$10,707$10,200$9,718$9,216
6 years$9,740$9,180$8,653$8,157$7,689$7,207
7 years$8,264$7,709$7,191$6,706$6,253$5,791
8 years$7,158$6,608$6,098$5,626$5,188$4,744
9 years$6,298$5,754$5,252$4,792$4,369$3,945
10 years$5,611$5,072$4,579$4,130$3,723$3,317
11 years$5,049$4,515$4,031$3,595$3,202$2,815
12 years$4,581$4,052$3,578$3,153$2,774$2,406
13 years$4,185$3,662$3,197$2,784$2,419$2,069
14 years$3,846$3,329$2,872$2,471$2,121$1,788
15 years$3,553$3,041$2,593$2,204$1,867$1,552
16 years$3,296$2,790$2,351$1,973$1,650$1,351
17 years$3,070$2,570$2,139$1,773$1,463$1,180
18 years$2,869$2,374$1,953$1,598$1,301$1,033
19 years$2,690$2,201$1,788$1,444$1,160$907
20 years$2,529$2,045$1,641$1,308$1,036$797
21 years$2,383$1,905$1,509$1,187$927$702
22 years$2,251$1,778$1,391$1,079$831$619
23 years$2,130$1,663$1,284$983$746$547
24 years$2,020$1,558$1,188$896$670$483
25 years$1,918$1,462$1,100$818$603$427
26 years$1,825$1,374$1,020$748$543$379
27 years$1,738$1,293$947$685$490$335
28 years$1,658$1,219$881$628$442$297
29 years$1,584$1,150$820$576$399$264
30 years$1,514$1,086$763$528$361$234
31 years$1,450$1,026$712$485$326$208
32 years$1,389$971$664$446$295$185
33 years$1,332$920$620$410$267$164
34 years$1,279$872$579$377$242$146
35 years$1,229$827$542$347$219$130
36 years$1,182$785$507$320$198$116
37 years$1,137$745$474$295$180$103
38 years$1,095$708$444$272$163$91
39 years$1,055$674$416$250$148$81
40 years$1,017$641$390$231$134$72
41 years$981$610$366$213$122$65
42 years$947$581$343$197$110$57
43 years$915$553$322$182$100$51
44 years$884$528$302$168$91$46
45 years$855$503$284$155$83$41
46 years$827$480$266$143$75$36
47 years$800$458$250$132$68$32
48 years$774$437$235$122$62$29
49 years$750$418$221$113$56$26
50 years$726$399$208$104$51$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $744,000, adding $3,257 every year, while hoping to spend $50,651 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: 40/47/13 Blend
67$744,000$744,000$744,000$744,000
68$823,248$783,816$772,284$852,863
69$853,327$768,330$744,263$858,626
70$884,776$750,389$713,606$859,640
71$917,682$729,817$680,171$859,630
72$952,139$706,430$643,809$858,526
73$988,246$680,035$604,366$856,256
74$1,026,115$650,425$561,680$852,746
75$1,065,865$617,381$515,582$847,918
76$1,107,623$580,673$465,895$841,691
77$1,151,533$540,058$412,434$833,982
78$1,197,745$495,277$355,006$824,707
79$1,246,426$446,057$293,410$813,776
80$1,297,758$392,110$227,436$801,100
81$1,351,939$333,132$156,864$786,586
82$1,409,182$268,802$81,465$770,140
83$1,469,724$198,778$1,000$751,665
84$1,533,821$122,703$0$731,065
85$1,601,752$40,197$0$720,013
86$1,673,824$0$0$707,552
87$1,750,371$0$0$718,896
88$1,831,759$0$0$753,113
89$1,918,388$0$0$789,588
90$2,010,697$0$0$828,513
91$2,109,165$0$0$870,097
92$2,214,319$0$0$914,570
93$2,326,734$0$0$962,185
94$2,447,041$0$0$1,013,219
95$2,575,934$0$0$1,067,973
96$2,714,172$0$0$1,126,782
97$2,862,588$0$0$1,190,011
98$3,022,097$0$0$1,258,060
99$3,193,702$0$0$1,331,370
100$3,378,508$0$0$1,410,425