Can I retire at age 68 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$61,852$61,301$60,763$60,239$59,726$59,375
2 years$30,620$30,049$29,497$28,961$28,441$28,086
3 years$20,210$19,638$19,086$18,556$18,044$17,697
4 years$15,007$14,436$13,890$13,368$12,869$12,533
5 years$11,885$11,318$10,779$10,268$9,783$9,458
6 years$9,805$9,242$8,711$8,211$7,741$7,428
7 years$8,320$7,761$7,239$6,751$6,295$5,995
8 years$7,206$6,653$6,139$5,663$5,223$4,934
9 years$6,341$5,792$5,288$4,824$4,398$4,122
10 years$5,649$5,106$4,610$4,158$3,748$3,483
11 years$5,083$4,545$4,059$3,619$3,223$2,970
12 years$4,612$4,080$3,602$3,174$2,793$2,552
13 years$4,213$3,687$3,218$2,802$2,436$2,205
14 years$3,872$3,351$2,891$2,488$2,135$1,916
15 years$3,577$3,061$2,611$2,219$1,880$1,671
16 years$3,318$2,809$2,367$1,986$1,661$1,463
17 years$3,091$2,587$2,154$1,785$1,473$1,285
18 years$2,889$2,390$1,966$1,608$1,310$1,132
19 years$2,708$2,215$1,800$1,453$1,167$999
20 years$2,546$2,059$1,652$1,316$1,043$883
21 years$2,399$1,917$1,519$1,195$933$782
22 years$2,266$1,790$1,400$1,086$836$694
23 years$2,144$1,674$1,293$989$751$617
24 years$2,033$1,568$1,196$902$675$548
25 years$1,931$1,472$1,108$824$607$488
26 years$1,837$1,383$1,027$753$547$435
27 years$1,750$1,302$954$690$493$388
28 years$1,669$1,227$887$632$445$346
29 years$1,594$1,157$825$579$402$309
30 years$1,525$1,093$769$532$363$276
31 years$1,459$1,033$717$488$328$247
32 years$1,399$978$669$449$297$221
33 years$1,341$926$624$413$269$198
34 years$1,288$878$583$380$243$177
35 years$1,237$832$545$350$220$158
36 years$1,190$790$510$322$200$142
37 years$1,145$750$477$297$181$127
38 years$1,102$713$447$273$164$114
39 years$1,062$678$419$252$149$102
40 years$1,024$645$393$233$135$91
41 years$988$614$368$215$122$82
42 years$954$585$345$198$111$73
43 years$921$557$324$183$101$66
44 years$890$531$304$169$92$59
45 years$860$506$286$156$83$53
46 years$832$483$268$144$75$48
47 years$805$461$252$133$68$43
48 years$779$440$237$123$62$38
49 years$755$420$223$114$56$34
50 years$731$402$209$105$51$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $749,000, adding $4,794 every year, while hoping to spend $39,436 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: 46/43/11 Blend
67$749,000$749,000$749,000$749,000
68$830,343$790,646$779,037$865,765
69$873,078$787,428$763,175$887,535
70$918,851$782,731$745,460$906,700
71$967,929$776,440$725,788$926,602
72$1,020,607$768,434$704,051$947,325
73$1,077,207$758,586$680,135$968,959
74$1,138,085$746,759$653,921$991,611
75$1,203,628$732,809$625,287$1,015,399
76$1,274,264$716,583$594,100$1,040,456
77$1,350,464$697,920$560,227$1,066,932
78$1,432,742$676,649$523,525$1,094,994
79$1,521,664$652,587$483,846$1,124,832
80$1,617,855$625,545$441,036$1,156,657
81$1,721,998$595,319$394,933$1,190,707
82$1,834,846$561,693$345,367$1,227,247
83$1,957,226$524,442$292,163$1,266,575
84$2,090,049$483,326$235,136$1,309,022
85$2,234,315$438,090$174,094$1,354,960
86$2,391,125$388,466$108,836$1,404,803
87$2,561,691$334,172$39,153$1,459,014
88$2,747,344$274,907$0$1,518,108
89$2,949,551$210,355$0$1,586,794
90$3,169,926$140,183$0$1,666,750
91$3,410,244$64,038$0$1,754,119
92$3,672,459$0$0$1,849,722
93$3,958,723$0$0$1,963,204
94$4,271,404$0$0$2,120,336
95$4,613,108$0$0$2,292,137
96$4,986,705$0$0$2,480,062
97$5,395,356$0$0$2,685,709
98$5,842,540$0$0$2,910,843
99$6,332,087$0$0$3,157,402
100$6,868,216$0$0$3,427,524