Can I retire at age 68 with 749,000?

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 $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%16.3%
1 years$61,852$61,301$60,763$60,239$59,726$58,188
2 years$30,620$30,049$29,497$28,961$28,441$26,902
3 years$20,210$19,638$19,086$18,556$18,044$16,552
4 years$15,007$14,436$13,890$13,368$12,869$11,435
5 years$11,885$11,318$10,779$10,268$9,783$8,411
6 years$9,805$9,242$8,711$8,211$7,741$6,433
7 years$8,320$7,761$7,239$6,751$6,295$5,051
8 years$7,206$6,653$6,139$5,663$5,223$4,041
9 years$6,341$5,792$5,288$4,824$4,398$3,279
10 years$5,649$5,106$4,610$4,158$3,748$2,689
11 years$5,083$4,545$4,059$3,619$3,223$2,224
12 years$4,612$4,080$3,602$3,174$2,793$1,851
13 years$4,213$3,687$3,218$2,802$2,436$1,550
14 years$3,872$3,351$2,891$2,488$2,135$1,303
15 years$3,577$3,061$2,611$2,219$1,880$1,099
16 years$3,318$2,809$2,367$1,986$1,661$930
17 years$3,091$2,587$2,154$1,785$1,473$789
18 years$2,889$2,390$1,966$1,608$1,310$670
19 years$2,708$2,215$1,800$1,453$1,167$571
20 years$2,546$2,059$1,652$1,316$1,043$487
21 years$2,399$1,917$1,519$1,195$933$415
22 years$2,266$1,790$1,400$1,086$836$355
23 years$2,144$1,674$1,293$989$751$304
24 years$2,033$1,568$1,196$902$675$260
25 years$1,931$1,472$1,108$824$607$223
26 years$1,837$1,383$1,027$753$547$191
27 years$1,750$1,302$954$690$493$164
28 years$1,669$1,227$887$632$445$140
29 years$1,594$1,157$825$579$402$120
30 years$1,525$1,093$769$532$363$103
31 years$1,459$1,033$717$488$328$89
32 years$1,399$978$669$449$297$76
33 years$1,341$926$624$413$269$65
34 years$1,288$878$583$380$243$56
35 years$1,237$832$545$350$220$48
36 years$1,190$790$510$322$200$41
37 years$1,145$750$477$297$181$36
38 years$1,102$713$447$273$164$31
39 years$1,062$678$419$252$149$26
40 years$1,024$645$393$233$135$23
41 years$988$614$368$215$122$19
42 years$954$585$345$198$111$17
43 years$921$557$324$183$101$14
44 years$890$531$304$169$92$12
45 years$860$506$286$156$83$11
46 years$832$483$268$144$75$9
47 years$805$461$252$133$68$8
48 years$779$440$237$123$62$7
49 years$755$420$223$114$56$6
50 years$731$402$209$105$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $749,000, adding $6,436 every year, while hoping to spend $46,382 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: 41/47/12 Blend
67$749,000$749,000$749,000$749,000
68$832,037$792,340$780,730$862,947
69$867,554$781,814$757,535$874,785
70$905,140$769,219$732,007$882,498
71$944,957$754,402$704,022$889,822
72$987,180$737,206$673,444$896,743
73$1,032,004$717,461$640,136$903,247
74$1,079,640$694,988$603,953$909,324
75$1,130,320$669,599$564,742$914,967
76$1,184,297$641,094$522,345$920,172
77$1,241,848$609,260$476,596$924,939
78$1,303,277$573,874$427,323$929,274
79$1,368,917$534,699$374,343$933,188
80$1,439,132$491,485$317,469$936,699
81$1,514,323$443,967$256,504$939,833
82$1,594,927$391,865$191,240$942,625
83$1,681,427$334,884$121,464$945,121
84$1,774,350$272,710$46,950$947,376
85$1,874,276$205,015$0$949,461
86$1,981,840$131,450$0$955,633
87$2,097,743$51,646$0$968,509
88$2,222,751$0$0$982,227
89$2,357,708$0$0$1,014,956
90$2,503,539$0$0$1,079,261
91$2,661,264$0$0$1,148,890
92$2,832,001$0$0$1,224,347
93$3,016,981$0$0$1,306,185
94$3,217,557$0$0$1,395,015
95$3,435,215$0$0$1,491,508
96$3,671,594$0$0$1,596,399
97$3,928,491$0$0$1,710,502
98$4,207,887$0$0$1,834,708
99$4,511,961$0$0$1,970,000
100$4,843,108$0$0$2,117,458