Can I retire at age 68 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$61,687$61,137$60,601$60,078$59,567$58,774
2 years$30,538$29,969$29,418$28,884$28,365$27,567
3 years$20,156$19,585$19,035$18,506$17,996$17,218
4 years$14,967$14,397$13,853$13,333$12,835$12,083
5 years$11,854$11,288$10,750$10,241$9,757$9,034
6 years$9,779$9,217$8,688$8,190$7,720$7,026
7 years$8,298$7,741$7,220$6,733$6,279$5,614
8 years$7,187$6,635$6,123$5,648$5,209$4,574
9 years$6,324$5,777$5,274$4,811$4,387$3,780
10 years$5,634$5,092$4,598$4,147$3,738$3,160
11 years$5,069$4,533$4,048$3,609$3,214$2,665
12 years$4,599$4,069$3,592$3,166$2,786$2,264
13 years$4,202$3,677$3,209$2,795$2,429$1,934
14 years$3,862$3,342$2,884$2,481$2,129$1,660
15 years$3,567$3,053$2,604$2,213$1,875$1,431
16 years$3,309$2,801$2,361$1,981$1,657$1,237
17 years$3,082$2,580$2,148$1,780$1,469$1,073
18 years$2,881$2,384$1,961$1,604$1,306$933
19 years$2,701$2,209$1,795$1,450$1,164$813
20 years$2,539$2,053$1,647$1,313$1,040$709
21 years$2,392$1,912$1,515$1,191$931$620
22 years$2,260$1,785$1,397$1,083$834$543
23 years$2,139$1,670$1,289$987$749$475
24 years$2,028$1,564$1,193$900$673$417
25 years$1,926$1,468$1,105$822$606$366
26 years$1,832$1,380$1,024$751$546$322
27 years$1,745$1,298$951$688$492$283
28 years$1,665$1,224$884$630$444$249
29 years$1,590$1,154$823$578$401$219
30 years$1,521$1,090$767$530$362$193
31 years$1,456$1,030$715$487$327$170
32 years$1,395$975$667$448$296$150
33 years$1,338$923$623$412$268$132
34 years$1,284$875$582$379$243$116
35 years$1,234$830$544$349$220$103
36 years$1,186$788$509$321$199$90
37 years$1,142$748$476$296$180$80
38 years$1,099$711$446$273$164$70
39 years$1,059$676$418$251$148$62
40 years$1,021$643$392$232$135$55
41 years$985$612$367$214$122$48
42 years$951$583$344$197$111$43
43 years$919$556$323$182$101$38
44 years$888$530$303$168$91$33
45 years$858$505$285$155$83$29
46 years$830$482$268$144$75$26
47 years$803$460$251$133$68$23
48 years$777$439$236$123$62$20
49 years$753$419$222$113$56$18
50 years$729$400$209$105$51$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $747,000, adding $4,371 every year, while hoping to spend $41,387 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: 42/35/23 Blend
67$747,000$747,000$747,000$747,000
68$827,703$788,112$776,533$856,730
69$868,093$782,694$758,512$872,437
70$911,216$775,623$738,499$885,137
71$957,306$766,775$716,386$898,061
72$1,006,622$756,018$692,055$911,254
73$1,059,446$743,211$665,387$924,765
74$1,116,088$728,207$636,256$938,653
75$1,176,887$710,847$604,529$952,988
76$1,242,217$690,966$570,068$967,848
77$1,312,487$668,387$532,729$983,323
78$1,388,147$642,925$492,362$999,517
79$1,469,691$614,380$448,809$1,016,550
80$1,557,660$582,546$401,905$1,034,557
81$1,652,651$547,201$351,478$1,053,691
82$1,755,319$508,111$297,350$1,074,128
83$1,866,383$465,030$239,333$1,096,065
84$1,986,635$417,697$177,231$1,119,727
85$2,116,943$365,835$110,840$1,145,366
86$2,258,264$309,154$39,946$1,173,267
87$2,411,650$247,346$0$1,203,751
88$2,578,257$180,084$0$1,245,943
89$2,759,357$107,027$0$1,302,515
90$2,956,351$27,810$0$1,364,169
91$3,170,777$0$0$1,431,475
92$3,404,330$0$0$1,527,388
93$3,658,875$0$0$1,643,681
94$3,936,464$0$0$1,770,592
95$4,239,355$0$0$1,909,164
96$4,570,034$0$0$2,060,546
97$4,931,237$0$0$2,226,004
98$5,325,978$0$0$2,406,930
99$5,757,572$0$0$2,604,858
100$6,229,672$0$0$2,821,476