Can I retire at age 68 with 747,000?

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 $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%16.6%
1 years$61,687$61,137$60,601$60,078$59,567$57,962
2 years$30,538$29,969$29,418$28,884$28,365$26,760
3 years$20,156$19,585$19,035$18,506$17,996$16,441
4 years$14,967$14,397$13,853$13,333$12,835$11,341
5 years$11,854$11,288$10,750$10,241$9,757$8,329
6 years$9,779$9,217$8,688$8,190$7,720$6,359
7 years$8,298$7,741$7,220$6,733$6,279$4,985
8 years$7,187$6,635$6,123$5,648$5,209$3,982
9 years$6,324$5,777$5,274$4,811$4,387$3,225
10 years$5,634$5,092$4,598$4,147$3,738$2,640
11 years$5,069$4,533$4,048$3,609$3,214$2,179
12 years$4,599$4,069$3,592$3,166$2,786$1,810
13 years$4,202$3,677$3,209$2,795$2,429$1,512
14 years$3,862$3,342$2,884$2,481$2,129$1,268
15 years$3,567$3,053$2,604$2,213$1,875$1,068
16 years$3,309$2,801$2,361$1,981$1,657$902
17 years$3,082$2,580$2,148$1,780$1,469$763
18 years$2,881$2,384$1,961$1,604$1,306$647
19 years$2,701$2,209$1,795$1,450$1,164$550
20 years$2,539$2,053$1,647$1,313$1,040$468
21 years$2,392$1,912$1,515$1,191$931$398
22 years$2,260$1,785$1,397$1,083$834$340
23 years$2,139$1,670$1,289$987$749$290
24 years$2,028$1,564$1,193$900$673$247
25 years$1,926$1,468$1,105$822$606$211
26 years$1,832$1,380$1,024$751$546$181
27 years$1,745$1,298$951$688$492$155
28 years$1,665$1,224$884$630$444$132
29 years$1,590$1,154$823$578$401$113
30 years$1,521$1,090$767$530$362$97
31 years$1,456$1,030$715$487$327$83
32 years$1,395$975$667$448$296$71
33 years$1,338$923$623$412$268$61
34 years$1,284$875$582$379$243$52
35 years$1,234$830$544$349$220$45
36 years$1,186$788$509$321$199$38
37 years$1,142$748$476$296$180$33
38 years$1,099$711$446$273$164$28
39 years$1,059$676$418$251$148$24
40 years$1,021$643$392$232$135$21
41 years$985$612$367$214$122$18
42 years$951$583$344$197$111$15
43 years$919$556$323$182$101$13
44 years$888$530$303$168$91$11
45 years$858$505$285$155$83$10
46 years$830$482$268$144$75$8
47 years$803$460$251$133$68$7
48 years$777$439$236$123$62$6
49 years$753$419$222$113$56$5
50 years$729$400$209$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $747,000, adding $2,053 every year, while hoping to spend $44,438 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: 78/7/15 Blend
67$747,000$747,000$747,000$747,000
68$825,312$785,721$774,142$886,925
69$862,212$776,939$752,794$919,037
70$901,386$766,238$729,242$948,404
71$943,020$753,477$703,364$979,377
72$987,316$738,505$675,035$1,012,101
73$1,034,496$721,165$644,122$1,046,733
74$1,084,802$701,289$610,487$1,083,448
75$1,138,500$678,701$573,986$1,122,441
76$1,195,881$653,211$534,469$1,163,923
77$1,257,264$624,622$491,777$1,208,131
78$1,323,000$592,723$445,747$1,255,325
79$1,393,472$557,293$396,205$1,305,791
80$1,469,101$518,095$342,973$1,359,847
81$1,550,350$474,882$285,863$1,417,843
82$1,637,724$427,390$224,678$1,480,164
83$1,731,782$375,342$159,215$1,547,239
84$1,833,135$318,445$89,260$1,619,537
85$1,942,454$256,388$14,590$1,697,580
86$2,060,478$188,844$0$1,781,941
87$2,188,016$115,468$0$1,883,673
88$2,325,961$35,892$0$1,996,227
89$2,475,291$0$0$2,118,079
90$2,637,083$0$0$2,253,995
91$2,812,522$0$0$2,404,394
92$3,002,908$0$0$2,567,629
93$3,209,675$0$0$2,744,930
94$3,434,396$0$0$2,937,651
95$3,678,805$0$0$3,147,281
96$3,944,808$0$0$3,375,459
97$4,234,503$0$0$3,623,985
98$4,550,197$0$0$3,894,845
99$4,894,431$0$0$4,190,220
100$5,270,000$0$0$4,512,514