Can I retire at age 68 with 751,000?

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 $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%11.3%
1 years$62,017$61,464$60,926$60,399$59,886$59,558
2 years$30,701$30,130$29,575$29,038$28,517$28,187
3 years$20,264$19,690$19,137$18,605$18,092$17,769
4 years$15,047$14,474$13,927$13,404$12,904$12,590
5 years$11,917$11,348$10,808$10,295$9,809$9,506
6 years$9,831$9,266$8,734$8,233$7,762$7,470
7 years$8,342$7,782$7,258$6,769$6,312$6,032
8 years$7,226$6,671$6,156$5,678$5,237$4,967
9 years$6,358$5,808$5,302$4,837$4,410$4,152
10 years$5,664$5,119$4,622$4,169$3,758$3,511
11 years$5,096$4,558$4,069$3,629$3,232$2,995
12 years$4,624$4,091$3,611$3,183$2,800$2,575
13 years$4,224$3,697$3,227$2,810$2,442$2,227
14 years$3,882$3,360$2,899$2,494$2,141$1,936
15 years$3,586$3,070$2,618$2,224$1,885$1,690
16 years$3,327$2,816$2,373$1,992$1,666$1,481
17 years$3,099$2,594$2,159$1,790$1,477$1,301
18 years$2,896$2,397$1,971$1,613$1,313$1,147
19 years$2,715$2,221$1,805$1,457$1,171$1,013
20 years$2,552$2,064$1,656$1,320$1,046$896
21 years$2,405$1,923$1,523$1,198$936$794
22 years$2,272$1,795$1,404$1,089$839$705
23 years$2,150$1,679$1,296$992$753$627
24 years$2,039$1,573$1,199$905$677$558
25 years$1,936$1,476$1,110$826$609$497
26 years$1,842$1,387$1,030$755$548$443
27 years$1,755$1,305$956$691$495$396
28 years$1,674$1,230$889$634$446$353
29 years$1,599$1,160$827$581$403$316
30 years$1,529$1,096$771$533$364$283
31 years$1,463$1,036$718$490$329$253
32 years$1,402$980$670$450$298$226
33 years$1,345$928$626$414$269$203
34 years$1,291$880$585$381$244$181
35 years$1,240$835$547$351$221$163
36 years$1,193$792$511$323$200$146
37 years$1,148$752$479$297$181$131
38 years$1,105$715$448$274$165$117
39 years$1,065$680$420$253$149$105
40 years$1,027$647$394$233$135$94
41 years$991$616$369$215$123$85
42 years$956$586$346$199$111$76
43 years$923$559$325$183$101$68
44 years$892$533$305$169$92$61
45 years$863$508$286$156$83$55
46 years$834$484$269$144$76$49
47 years$807$462$253$133$69$44
48 years$782$441$237$123$62$40
49 years$757$421$223$114$57$36
50 years$733$403$210$105$51$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $751,000, adding $5,861 every year, while hoping to spend $42,335 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: 72/21/7 Blend
67$751,000$751,000$751,000$751,000
68$833,648$793,845$782,204$892,394
69$873,636$787,699$763,364$925,802
70$916,283$779,833$742,474$956,519
71$961,818$770,118$719,420$988,966
72$1,010,487$758,418$694,084$1,023,301
73$1,062,563$744,587$666,342$1,059,701
74$1,118,345$728,472$636,065$1,098,358
75$1,178,159$709,910$603,117$1,139,487
76$1,242,365$688,730$567,355$1,183,325
77$1,311,358$664,749$528,633$1,230,134
78$1,385,569$637,775$486,795$1,280,204
79$1,465,475$607,603$441,680$1,333,855
80$1,551,595$574,017$393,118$1,391,442
81$1,644,504$536,791$340,934$1,453,355
82$1,744,832$495,681$284,943$1,520,030
83$1,853,269$450,434$224,953$1,591,943
84$1,970,576$400,780$160,763$1,669,626
85$2,097,590$346,432$92,163$1,753,663
86$2,235,228$287,092$18,935$1,844,702
87$2,384,502$222,439$0$1,943,457
88$2,546,521$152,139$0$2,055,142
89$2,722,509$75,837$0$2,178,004
90$2,913,809$0$0$2,311,612
91$3,121,901$0$0$2,458,633
92$3,348,410$0$0$2,637,775
93$3,595,128$0$0$2,832,933
94$3,864,025$0$0$3,045,669
95$4,157,268$0$0$3,277,703
96$4,477,243$0$0$3,530,928
97$4,826,578$0$0$3,807,427
98$5,208,164$0$0$4,109,495
99$5,625,184$0$0$4,439,654
100$6,081,143$0$0$4,800,687