Can I retire at age 68 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$61,769$61,219$60,682$60,158$59,647$57,530
2 years$30,579$30,009$29,457$28,922$28,403$26,294
3 years$20,183$19,611$19,061$18,531$18,020$15,984
4 years$14,987$14,416$13,871$13,350$12,852$10,904
5 years$11,869$11,303$10,765$10,254$9,770$7,916
6 years$9,792$9,229$8,700$8,200$7,731$5,971
7 years$8,309$7,751$7,229$6,742$6,287$4,623
8 years$7,197$6,644$6,131$5,656$5,216$3,645
9 years$6,332$5,785$5,281$4,817$4,392$2,912
10 years$5,641$5,099$4,604$4,153$3,743$2,351
11 years$5,076$4,539$4,053$3,614$3,219$1,913
12 years$4,605$4,074$3,597$3,170$2,789$1,567
13 years$4,208$3,682$3,214$2,799$2,432$1,289
14 years$3,867$3,347$2,888$2,484$2,132$1,065
15 years$3,572$3,057$2,607$2,216$1,877$883
16 years$3,314$2,805$2,364$1,984$1,659$734
17 years$3,087$2,583$2,151$1,782$1,471$611
18 years$2,885$2,387$1,963$1,606$1,308$510
19 years$2,704$2,212$1,797$1,451$1,166$426
20 years$2,542$2,056$1,650$1,315$1,041$356
21 years$2,396$1,915$1,517$1,193$932$298
22 years$2,263$1,788$1,398$1,085$835$250
23 years$2,141$1,672$1,291$988$750$210
24 years$2,030$1,566$1,194$901$674$176
25 years$1,928$1,470$1,106$823$606$148
26 years$1,834$1,382$1,026$752$546$124
27 years$1,748$1,300$953$689$493$104
28 years$1,667$1,225$886$631$444$88
29 years$1,592$1,156$824$579$401$74
30 years$1,523$1,092$768$531$363$62
31 years$1,458$1,032$716$488$328$52
32 years$1,397$976$668$448$297$44
33 years$1,340$925$623$412$268$37
34 years$1,286$876$582$379$243$31
35 years$1,236$831$545$349$220$26
36 years$1,188$789$509$322$199$22
37 years$1,143$749$477$296$181$18
38 years$1,101$712$447$273$164$16
39 years$1,061$677$418$252$149$13
40 years$1,023$644$392$232$135$11
41 years$987$613$368$214$122$9
42 years$952$584$345$198$111$8
43 years$920$556$324$183$101$7
44 years$889$530$304$169$91$6
45 years$859$506$285$156$83$5
46 years$831$483$268$144$75$4
47 years$804$460$252$133$68$3
48 years$778$440$237$123$62$3
49 years$754$420$222$113$56$2
50 years$730$401$209$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $748,000, adding $4,076 every year, while hoping to spend $22,501 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: 62/13/25 Blend
67$748,000$748,000$748,000$748,000
68$828,500$788,856$777,262$874,138
69$889,067$803,569$779,360$920,263
70$955,056$818,249$780,773$967,775
71$1,026,999$832,871$781,456$1,019,161
72$1,105,478$847,406$781,360$1,074,800
73$1,191,133$861,826$780,432$1,135,115
74$1,284,672$876,099$778,620$1,200,569
75$1,386,872$890,190$775,866$1,271,675
76$1,498,587$904,064$772,112$1,348,996
77$1,620,760$917,680$767,295$1,433,155
78$1,754,428$930,997$761,350$1,524,838
79$1,900,734$943,970$754,209$1,624,801
80$2,060,934$956,550$745,801$1,733,880
81$2,236,414$968,685$736,050$1,852,993
82$2,428,698$980,321$724,878$1,983,155
83$2,639,468$991,399$712,204$2,125,485
84$2,870,571$1,001,855$697,940$2,281,215
85$3,124,046$1,011,623$681,998$2,451,706
86$3,402,137$1,020,631$664,283$2,638,457
87$3,707,316$1,028,802$644,697$2,843,120
88$4,042,304$1,036,056$623,137$3,067,520
89$4,410,102$1,042,306$599,495$3,313,664
90$4,814,014$1,047,460$573,659$3,583,769
91$5,257,677$1,051,420$545,511$3,880,278
92$5,745,103$1,054,082$514,928$4,205,884
93$6,280,707$1,055,335$481,781$4,563,557
94$6,869,355$1,055,062$445,937$4,956,570
95$7,516,407$1,053,139$407,254$5,388,532
96$8,227,770$1,049,432$365,586$5,863,424
97$9,009,949$1,043,801$320,780$6,385,632
98$9,870,114$1,036,097$272,676$6,959,991
99$10,816,162$1,026,162$221,107$7,591,834
100$11,856,794$1,013,827$165,898$8,287,039