Can I retire at age 68 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$62,017$61,464$60,926$60,399$59,886$58,179
2 years$30,701$30,130$29,575$29,038$28,517$26,810
3 years$20,264$19,690$19,137$18,605$18,092$16,440
4 years$15,047$14,474$13,927$13,404$12,904$11,318
5 years$11,917$11,348$10,808$10,295$9,809$8,294
6 years$9,831$9,266$8,734$8,233$7,762$6,319
7 years$8,342$7,782$7,258$6,769$6,312$4,942
8 years$7,226$6,671$6,156$5,678$5,237$3,938
9 years$6,358$5,808$5,302$4,837$4,410$3,182
10 years$5,664$5,119$4,622$4,169$3,758$2,598
11 years$5,096$4,558$4,069$3,629$3,232$2,139
12 years$4,624$4,091$3,611$3,183$2,800$1,772
13 years$4,224$3,697$3,227$2,810$2,442$1,476
14 years$3,882$3,360$2,899$2,494$2,141$1,235
15 years$3,586$3,070$2,618$2,224$1,885$1,037
16 years$3,327$2,816$2,373$1,992$1,666$873
17 years$3,099$2,594$2,159$1,790$1,477$737
18 years$2,896$2,397$1,971$1,613$1,313$623
19 years$2,715$2,221$1,805$1,457$1,171$528
20 years$2,552$2,064$1,656$1,320$1,046$447
21 years$2,405$1,923$1,523$1,198$936$380
22 years$2,272$1,795$1,404$1,089$839$323
23 years$2,150$1,679$1,296$992$753$275
24 years$2,039$1,573$1,199$905$677$234
25 years$1,936$1,476$1,110$826$609$199
26 years$1,842$1,387$1,030$755$548$170
27 years$1,755$1,305$956$691$495$145
28 years$1,674$1,230$889$634$446$123
29 years$1,599$1,160$827$581$403$105
30 years$1,529$1,096$771$533$364$90
31 years$1,463$1,036$718$490$329$77
32 years$1,402$980$670$450$298$65
33 years$1,345$928$626$414$269$56
34 years$1,291$880$585$381$244$48
35 years$1,240$835$547$351$221$41
36 years$1,193$792$511$323$200$35
37 years$1,148$752$479$297$181$30
38 years$1,105$715$448$274$165$25
39 years$1,065$680$420$253$149$22
40 years$1,027$647$394$233$135$19
41 years$991$616$369$215$123$16
42 years$956$586$346$199$111$14
43 years$923$559$325$183$101$12
44 years$892$533$305$169$92$10
45 years$863$508$286$156$83$8
46 years$834$484$269$144$76$7
47 years$807$462$253$133$69$6
48 years$782$441$237$123$62$5
49 years$757$421$223$114$57$5
50 years$733$403$210$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $751,000, adding $3,824 every year, while hoping to spend $35,126 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: 65/6/29 Blend
67$751,000$751,000$751,000$751,000
68$831,546$791,743$780,103$878,966
69$878,990$793,165$768,863$912,933
70$930,096$793,479$756,068$945,818
71$985,201$792,594$741,631$981,003
72$1,044,673$790,413$725,458$1,018,717
73$1,108,920$786,833$707,451$1,059,217
74$1,178,387$781,745$687,507$1,102,784
75$1,253,565$775,033$665,521$1,149,730
76$1,334,992$766,574$641,381$1,200,401
77$1,423,263$756,238$614,968$1,255,178
78$1,519,029$743,886$586,163$1,314,483
79$1,623,006$729,373$554,836$1,378,783
80$1,735,984$712,544$520,854$1,448,591
81$1,858,830$693,234$484,077$1,524,478
82$1,992,497$671,269$444,361$1,607,073
83$2,138,037$646,467$401,553$1,697,071
84$2,296,605$618,631$355,492$1,795,240
85$2,469,472$587,557$306,015$1,902,428
86$2,658,038$553,027$252,946$2,019,571
87$2,863,842$514,811$196,104$2,147,705
88$3,088,582$472,664$135,301$2,287,972
89$3,334,123$426,330$70,339$2,441,634
90$3,602,519$375,536$1,012$2,610,084
91$3,896,034$319,995$0$2,794,860
92$4,217,159$259,404$0$3,020,240
93$4,568,636$193,441$0$3,267,321
94$4,953,485$121,768$0$3,537,930
95$5,375,032$44,027$0$3,834,427
96$5,836,940$0$0$4,159,411
97$6,343,244$0$0$4,518,398
98$6,898,384$0$0$4,915,249
99$7,507,255$0$0$5,350,562
100$8,175,246$0$0$5,828,197