Can I retire at age 68 with 744,000?

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 $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%13.3%
1 years$61,439$60,892$60,358$59,836$59,328$58,514
2 years$30,415$29,849$29,300$28,768$28,251$27,432
3 years$20,075$19,507$18,959$18,432$17,924$17,126
4 years$14,907$14,339$13,797$13,279$12,783$12,012
5 years$11,806$11,242$10,707$10,200$9,718$8,976
6 years$9,740$9,180$8,653$8,157$7,689$6,978
7 years$8,264$7,709$7,191$6,706$6,253$5,572
8 years$7,158$6,608$6,098$5,626$5,188$4,537
9 years$6,298$5,754$5,252$4,792$4,369$3,748
10 years$5,611$5,072$4,579$4,130$3,723$3,131
11 years$5,049$4,515$4,031$3,595$3,202$2,639
12 years$4,581$4,052$3,578$3,153$2,774$2,240
13 years$4,185$3,662$3,197$2,784$2,419$1,912
14 years$3,846$3,329$2,872$2,471$2,121$1,640
15 years$3,553$3,041$2,593$2,204$1,867$1,413
16 years$3,296$2,790$2,351$1,973$1,650$1,221
17 years$3,070$2,570$2,139$1,773$1,463$1,058
18 years$2,869$2,374$1,953$1,598$1,301$919
19 years$2,690$2,201$1,788$1,444$1,160$800
20 years$2,529$2,045$1,641$1,308$1,036$698
21 years$2,383$1,905$1,509$1,187$927$610
22 years$2,251$1,778$1,391$1,079$831$533
23 years$2,130$1,663$1,284$983$746$467
24 years$2,020$1,558$1,188$896$670$409
25 years$1,918$1,462$1,100$818$603$359
26 years$1,825$1,374$1,020$748$543$315
27 years$1,738$1,293$947$685$490$277
28 years$1,658$1,219$881$628$442$243
29 years$1,584$1,150$820$576$399$214
30 years$1,514$1,086$763$528$361$188
31 years$1,450$1,026$712$485$326$166
32 years$1,389$971$664$446$295$146
33 years$1,332$920$620$410$267$128
34 years$1,279$872$579$377$242$113
35 years$1,229$827$542$347$219$100
36 years$1,182$785$507$320$198$88
37 years$1,137$745$474$295$180$77
38 years$1,095$708$444$272$163$68
39 years$1,055$674$416$250$148$60
40 years$1,017$641$390$231$134$53
41 years$981$610$366$213$122$47
42 years$947$581$343$197$110$41
43 years$915$553$322$182$100$36
44 years$884$528$302$168$91$32
45 years$855$503$284$155$83$28
46 years$827$480$266$143$75$25
47 years$800$458$250$132$68$22
48 years$774$437$235$122$62$19
49 years$750$418$221$113$56$17
50 years$726$399$208$104$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $744,000, adding $2,133 every year, while hoping to spend $25,285 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: 66/15/19 Blend
67$744,000$744,000$744,000$744,000
68$822,088$782,656$771,124$872,316
69$879,038$794,103$770,054$917,686
70$940,950$805,264$768,100$964,156
71$1,008,302$816,097$765,207$1,014,350
72$1,081,622$826,560$761,315$1,068,633
73$1,161,491$836,605$756,363$1,127,407
74$1,248,548$846,183$750,285$1,191,116
75$1,343,494$855,240$743,014$1,260,250
76$1,447,104$863,721$734,479$1,335,349
77$1,560,230$871,564$724,605$1,417,008
78$1,683,808$878,706$713,314$1,505,884
79$1,818,871$885,077$700,525$1,602,700
80$1,966,555$890,604$686,151$1,708,254
81$2,128,111$895,211$670,104$1,823,427
82$2,304,916$898,814$652,290$1,949,189
83$2,498,486$901,325$632,611$2,086,611
84$2,710,493$902,651$610,965$2,236,871
85$2,942,774$902,692$587,243$2,401,272
86$3,197,357$901,344$561,336$2,581,248
87$3,476,471$898,493$533,124$2,778,382
88$3,782,574$894,022$502,487$2,994,417
89$4,118,372$887,804$469,295$3,231,277
90$4,486,845$879,706$433,416$3,491,083
91$4,891,277$869,586$394,709$3,776,173
92$5,335,285$857,293$353,029$4,089,126
93$5,822,852$842,668$308,223$4,432,784
94$6,358,366$825,542$260,133$4,810,281
95$6,946,664$805,738$208,591$5,225,073
96$7,593,069$783,065$153,425$5,680,970
97$8,303,450$757,323$94,452$6,182,172
98$9,084,270$728,300$31,485$6,733,311
99$9,942,651$695,772$0$7,339,491
100$10,886,438$659,501$0$8,013,582