Can I retire at age 68 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$61,521$60,973$60,439$59,917$59,407$58,665
2 years$30,456$29,889$29,339$28,806$28,289$27,542
3 years$20,102$19,533$18,984$18,456$17,948$17,219
4 years$14,927$14,359$13,816$13,297$12,801$12,096
5 years$11,822$11,257$10,722$10,213$9,731$9,053
6 years$9,753$9,192$8,665$8,168$7,700$7,049
7 years$8,275$7,720$7,200$6,715$6,262$5,638
8 years$7,168$6,617$6,106$5,633$5,195$4,599
9 years$6,307$5,762$5,260$4,798$4,375$3,806
10 years$5,619$5,079$4,585$4,136$3,728$3,185
11 years$5,056$4,521$4,037$3,600$3,206$2,689
12 years$4,587$4,058$3,583$3,157$2,778$2,287
13 years$4,191$3,667$3,201$2,787$2,423$1,956
14 years$3,851$3,333$2,876$2,474$2,124$1,682
15 years$3,558$3,045$2,597$2,207$1,870$1,451
16 years$3,301$2,794$2,354$1,976$1,653$1,257
17 years$3,074$2,573$2,142$1,775$1,465$1,092
18 years$2,873$2,378$1,956$1,600$1,303$950
19 years$2,694$2,203$1,790$1,446$1,161$829
20 years$2,532$2,048$1,643$1,309$1,037$725
21 years$2,386$1,907$1,511$1,188$928$634
22 years$2,254$1,780$1,393$1,080$832$556
23 years$2,133$1,665$1,286$984$747$488
24 years$2,022$1,560$1,189$897$671$429
25 years$1,921$1,464$1,102$820$604$377
26 years$1,827$1,376$1,022$749$544$332
27 years$1,741$1,295$949$686$491$292
28 years$1,660$1,220$882$628$443$257
29 years$1,586$1,151$821$576$400$227
30 years$1,516$1,087$764$529$361$200
31 years$1,452$1,028$713$486$327$177
32 years$1,391$972$665$446$295$156
33 years$1,334$921$621$411$267$138
34 years$1,281$873$580$378$242$121
35 years$1,231$828$542$348$219$107
36 years$1,183$786$507$320$199$95
37 years$1,139$746$475$295$180$84
38 years$1,096$709$445$272$163$74
39 years$1,056$674$417$251$148$65
40 years$1,019$642$391$231$134$58
41 years$983$611$366$213$122$51
42 years$948$582$343$197$110$45
43 years$916$554$322$182$100$40
44 years$885$528$303$168$91$35
45 years$856$504$284$155$83$31
46 years$828$481$267$143$75$28
47 years$801$459$251$132$68$24
48 years$775$438$236$122$62$22
49 years$751$418$221$113$56$19
50 years$727$399$208$104$51$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $745,000, adding $6,478 every year, while hoping to spend $38,393 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: 82/11/7 Blend
67$745,000$745,000$745,000$745,000
68$827,672$788,187$776,640$894,442
69$871,245$785,958$761,807$936,829
70$917,975$782,334$745,191$977,554
71$968,145$777,204$726,691$1,021,080
72$1,022,062$770,454$706,202$1,067,666
73$1,080,067$761,961$683,615$1,117,597
74$1,142,532$751,595$658,814$1,171,185
75$1,209,866$739,219$631,679$1,228,777
76$1,282,518$724,686$602,086$1,290,751
77$1,360,981$707,842$569,903$1,357,528
78$1,445,799$688,524$534,992$1,429,569
79$1,537,567$666,558$497,211$1,507,382
80$1,636,940$641,761$456,409$1,591,527
81$1,744,640$613,939$412,430$1,682,622
82$1,861,458$582,887$365,112$1,781,348
83$1,988,266$548,388$314,282$1,888,454
84$2,126,022$510,212$259,763$2,004,768
85$2,275,780$468,116$201,369$2,131,201
86$2,438,700$421,844$138,905$2,268,756
87$2,616,057$371,124$72,169$2,418,542
88$2,809,257$315,670$948$2,581,779
89$3,019,842$255,180$0$2,759,812
90$3,249,515$189,333$0$2,959,730
91$3,500,147$117,791$0$3,178,003
92$3,773,797$40,198$0$3,416,379
93$4,072,734$0$0$3,676,865
94$4,399,453$0$0$3,966,974
95$4,756,703$0$0$4,289,531
96$5,147,512$0$0$4,642,403
97$5,575,209$0$0$5,028,602
98$6,043,466$0$0$5,451,441
99$6,556,321$0$0$5,914,573
100$7,118,225$0$0$6,422,018