Can I retire at age 68 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$62,099$61,546$61,007$60,480$59,966$57,609
2 years$30,742$30,170$29,615$29,077$28,555$26,210
3 years$20,291$19,716$19,163$18,630$18,116$15,856
4 years$15,067$14,494$13,946$13,422$12,921$10,763
5 years$11,933$11,363$10,822$10,309$9,822$7,772
6 years$9,844$9,279$8,746$8,244$7,772$5,831
7 years$8,353$7,792$7,268$6,778$6,321$4,488
8 years$7,235$6,679$6,164$5,686$5,244$3,517
9 years$6,366$5,816$5,309$4,843$4,416$2,794
10 years$5,671$5,126$4,628$4,175$3,763$2,241
11 years$5,103$4,564$4,075$3,633$3,236$1,812
12 years$4,630$4,096$3,616$3,187$2,804$1,474
13 years$4,230$3,702$3,231$2,814$2,445$1,205
14 years$3,888$3,365$2,903$2,498$2,144$988
15 years$3,591$3,074$2,621$2,227$1,887$813
16 years$3,332$2,820$2,376$1,994$1,668$671
17 years$3,103$2,597$2,162$1,792$1,479$555
18 years$2,900$2,400$1,974$1,615$1,315$459
19 years$2,719$2,224$1,807$1,459$1,172$381
20 years$2,556$2,067$1,658$1,322$1,047$316
21 years$2,409$1,925$1,525$1,199$937$263
22 years$2,275$1,797$1,406$1,091$840$218
23 years$2,153$1,681$1,298$993$754$182
24 years$2,041$1,575$1,201$906$678$151
25 years$1,939$1,478$1,112$827$610$126
26 years$1,844$1,389$1,031$756$549$105
27 years$1,757$1,307$958$692$495$88
28 years$1,676$1,232$890$634$447$73
29 years$1,601$1,162$828$582$403$61
30 years$1,531$1,097$772$534$365$51
31 years$1,465$1,037$719$490$330$42
32 years$1,404$982$671$451$298$35
33 years$1,347$930$627$414$270$29
34 years$1,293$881$586$381$244$25
35 years$1,242$836$547$351$221$21
36 years$1,194$793$512$323$200$17
37 years$1,149$753$479$298$182$14
38 years$1,107$716$449$275$165$12
39 years$1,066$681$421$253$149$10
40 years$1,028$648$394$233$135$8
41 years$992$617$370$215$123$7
42 years$957$587$347$199$112$6
43 years$925$559$325$184$101$5
44 years$893$533$305$169$92$4
45 years$864$509$287$156$83$3
46 years$835$485$269$145$76$3
47 years$808$463$253$134$69$2
48 years$783$442$238$123$62$2
49 years$758$422$224$114$57$2
50 years$734$403$210$105$52$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $752,000, adding $4,509 every year, while hoping to spend $21,242 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: 42/29/29 Blend
67$752,000$752,000$752,000$752,000
68$833,355$793,499$781,843$861,120
69$895,756$809,779$785,433$897,850
70$963,810$826,145$788,432$935,273
71$1,038,071$842,579$790,797$975,401
72$1,119,149$859,060$792,484$1,018,497
73$1,207,715$875,567$793,445$1,064,851
74$1,304,510$892,078$793,633$1,114,784
75$1,410,346$908,565$792,996$1,168,650
76$1,526,120$925,004$791,480$1,226,838
77$1,652,818$941,363$789,029$1,289,780
78$1,791,528$957,611$785,583$1,357,951
79$1,943,444$973,715$781,080$1,431,876
80$2,109,885$989,637$775,456$1,512,135
81$2,292,301$1,005,337$768,642$1,599,365
82$2,492,291$1,020,774$760,567$1,694,273
83$2,711,615$1,035,902$751,156$1,797,638
84$2,952,210$1,050,672$740,330$1,910,317
85$3,216,213$1,065,032$728,009$2,033,259
86$3,505,974$1,078,926$714,105$2,167,510
87$3,824,085$1,092,295$698,529$2,314,223
88$4,173,399$1,105,075$681,187$2,474,673
89$4,557,060$1,117,197$661,980$2,650,263
90$4,978,530$1,128,590$640,807$2,842,545
91$5,441,625$1,139,176$617,559$3,053,227
92$5,950,547$1,148,871$592,123$3,284,197
93$6,509,926$1,157,589$564,382$3,537,534
94$7,124,862$1,165,235$534,213$3,815,536
95$7,800,977$1,171,711$501,488$4,120,734
96$8,544,461$1,176,908$466,072$4,455,921
97$9,362,135$1,180,716$427,825$4,824,178
98$10,261,515$1,183,014$386,600$5,228,903
99$11,250,883$1,183,674$342,243$5,673,846
100$12,339,360$1,182,562$294,596$6,163,138