Can I retire at age 68 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$62,182$61,628$61,088$60,560$60,045$58,100
2 years$30,783$30,210$29,654$29,116$28,593$26,651
3 years$20,318$19,742$19,188$18,655$18,141$16,264
4 years$15,087$14,513$13,964$13,440$12,938$11,140
5 years$11,949$11,378$10,837$10,323$9,835$8,121
6 years$9,857$9,291$8,758$8,255$7,782$6,153
7 years$8,364$7,803$7,278$6,787$6,329$4,785
8 years$7,245$6,688$6,172$5,694$5,251$3,791
9 years$6,375$5,823$5,316$4,850$4,422$3,044
10 years$5,679$5,133$4,635$4,180$3,768$2,470
11 years$5,110$4,570$4,080$3,638$3,240$2,021
12 years$4,636$4,101$3,621$3,191$2,808$1,663
13 years$4,236$3,707$3,235$2,817$2,449$1,376
14 years$3,893$3,369$2,907$2,501$2,146$1,143
15 years$3,596$3,078$2,624$2,230$1,890$953
16 years$3,336$2,824$2,379$1,997$1,670$797
17 years$3,107$2,601$2,165$1,794$1,481$667
18 years$2,904$2,403$1,977$1,617$1,317$560
19 years$2,722$2,227$1,809$1,461$1,174$471
20 years$2,559$2,070$1,661$1,323$1,048$396
21 years$2,412$1,928$1,527$1,201$938$334
22 years$2,278$1,799$1,408$1,092$841$282
23 years$2,156$1,683$1,300$995$755$238
24 years$2,044$1,577$1,202$907$678$201
25 years$1,941$1,480$1,113$828$611$170
26 years$1,847$1,391$1,033$757$550$143
27 years$1,759$1,309$959$693$496$121
28 years$1,678$1,233$891$635$447$103
29 years$1,603$1,164$830$583$404$87
30 years$1,533$1,099$773$535$365$73
31 years$1,467$1,039$720$491$330$62
32 years$1,406$983$672$451$299$53
33 years$1,349$931$628$415$270$45
34 years$1,295$882$586$382$245$38
35 years$1,244$837$548$351$222$32
36 years$1,196$794$513$324$201$27
37 years$1,151$754$480$298$182$23
38 years$1,108$717$449$275$165$19
39 years$1,068$682$421$253$150$16
40 years$1,029$649$395$234$136$14
41 years$993$617$370$216$123$12
42 years$959$588$347$199$112$10
43 years$926$560$326$184$101$8
44 years$895$534$306$170$92$7
45 years$865$509$287$157$84$6
46 years$837$486$270$145$76$5
47 years$809$464$253$134$69$4
48 years$784$443$238$124$63$4
49 years$759$423$224$114$57$3
50 years$735$404$210$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $753,000, adding $6,578 every year, while hoping to spend $35,534 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: 87/8/5 Blend
67$753,000$753,000$753,000$753,000
68$836,591$796,682$785,011$908,856
69$884,116$797,912$773,501$958,135
70$935,297$798,011$760,414$1,006,649
71$990,469$796,886$745,661$1,058,804
72$1,050,003$794,439$729,146$1,114,942
73$1,114,302$790,565$710,771$1,175,437
74$1,183,811$785,153$690,432$1,240,700
75$1,259,019$778,084$668,021$1,311,185
76$1,340,464$769,236$643,424$1,387,391
77$1,428,736$758,473$616,524$1,469,867
78$1,524,486$745,657$587,197$1,559,220
79$1,628,428$730,639$555,312$1,656,114
80$1,741,349$713,261$520,736$1,761,283
81$1,864,111$693,356$483,326$1,875,535
82$1,997,668$670,748$442,935$1,999,760
83$2,143,065$645,250$399,408$2,134,937
84$2,301,455$616,664$352,585$2,282,146
85$2,474,103$584,780$302,297$2,442,576
86$2,662,406$549,379$248,368$2,617,536
87$2,867,898$510,224$190,614$2,808,469
88$3,092,268$467,070$128,845$3,016,965
89$3,337,378$419,655$62,859$3,244,775
90$3,605,274$367,702$0$3,493,828
91$3,898,211$310,918$0$3,766,654
92$4,218,671$248,996$0$4,068,796
93$4,569,389$181,610$0$4,399,491
94$4,953,372$108,414$0$4,761,596
95$5,373,935$29,046$0$5,158,257
96$5,834,729$0$0$5,592,941
97$6,339,772$0$0$6,074,476
98$6,893,492$0$0$6,605,231
99$7,500,763$0$0$7,187,326
100$8,166,956$0$0$7,825,907