Can I retire at age 68 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$62,265$61,710$61,169$60,641$60,125$59,721
2 years$30,824$30,250$29,694$29,154$28,631$28,224
3 years$20,345$19,769$19,214$18,679$18,165$17,766
4 years$15,107$14,532$13,983$13,457$12,955$12,569
5 years$11,965$11,393$10,851$10,337$9,848$9,476
6 years$9,871$9,304$8,769$8,266$7,793$7,434
7 years$8,375$7,813$7,287$6,796$6,338$5,993
8 years$7,254$6,697$6,180$5,701$5,258$4,927
9 years$6,383$5,831$5,323$4,856$4,428$4,111
10 years$5,686$5,140$4,641$4,186$3,773$3,470
11 years$5,117$4,576$4,086$3,643$3,245$2,955
12 years$4,642$4,107$3,626$3,195$2,812$2,536
13 years$4,241$3,711$3,240$2,821$2,452$2,189
14 years$3,898$3,374$2,911$2,504$2,149$1,899
15 years$3,600$3,082$2,628$2,233$1,892$1,654
16 years$3,341$2,828$2,383$2,000$1,672$1,446
17 years$3,111$2,604$2,168$1,797$1,483$1,269
18 years$2,908$2,406$1,979$1,619$1,319$1,116
19 years$2,726$2,230$1,812$1,463$1,175$983
20 years$2,563$2,072$1,663$1,325$1,050$868
21 years$2,415$1,930$1,530$1,203$939$768
22 years$2,281$1,802$1,410$1,093$842$680
23 years$2,159$1,685$1,302$996$756$603
24 years$2,047$1,579$1,204$908$679$536
25 years$1,944$1,482$1,115$829$611$476
26 years$1,849$1,393$1,034$758$551$424
27 years$1,762$1,311$960$694$496$377
28 years$1,681$1,235$893$636$448$336
29 years$1,605$1,165$831$583$405$300
30 years$1,535$1,100$774$535$366$267
31 years$1,469$1,040$721$492$330$239
32 years$1,408$984$673$452$299$213
33 years$1,350$932$628$415$271$190
34 years$1,296$883$587$382$245$170
35 years$1,245$838$549$352$222$152
36 years$1,198$795$514$324$201$136
37 years$1,152$755$481$299$182$121
38 years$1,110$718$450$275$165$109
39 years$1,069$683$422$254$150$97
40 years$1,031$649$395$234$136$87
41 years$994$618$371$216$123$78
42 years$960$589$348$199$112$70
43 years$927$561$326$184$101$62
44 years$896$535$306$170$92$56
45 years$866$510$288$157$84$50
46 years$838$486$270$145$76$45
47 years$811$464$254$134$69$40
48 years$785$443$238$124$63$36
49 years$760$423$224$114$57$32
50 years$736$404$211$106$52$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $754,000, adding $5,366 every year, while hoping to spend $24,152 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: 34/41/25 Blend
67$754,000$754,000$754,000$754,000
68$836,443$796,481$784,794$858,379
69$896,063$809,811$785,387$888,575
70$960,954$822,985$785,191$918,555
71$1,031,629$835,969$784,152$950,405
72$1,108,652$848,728$782,218$984,306
73$1,192,643$861,224$779,331$1,020,460
74$1,284,285$873,416$775,430$1,059,090
75$1,384,329$885,260$770,454$1,100,442
76$1,493,602$896,710$764,336$1,144,790
77$1,613,015$907,714$757,007$1,192,435
78$1,743,571$918,221$748,395$1,243,711
79$1,886,374$928,172$738,425$1,298,987
80$2,042,638$937,507$727,017$1,358,674
81$2,213,704$946,161$714,088$1,423,222
82$2,401,043$954,065$699,551$1,493,131
83$2,606,279$961,144$683,317$1,568,956
84$2,831,200$967,320$665,288$1,651,307
85$3,077,774$972,511$645,367$1,740,860
86$3,348,169$976,626$623,449$1,838,362
87$3,644,773$979,571$599,425$1,944,639
88$3,970,216$981,246$573,181$2,060,605
89$4,327,395$981,544$544,600$2,187,269
90$4,719,500$980,351$513,555$2,325,744
91$5,150,048$977,547$479,918$2,477,263
92$5,622,911$973,004$443,553$2,643,186
93$6,142,353$966,587$404,318$2,825,018
94$6,713,075$958,151$362,064$3,024,418
95$7,340,252$947,544$316,637$3,243,220
96$8,029,589$934,605$267,875$3,483,452
97$8,787,367$919,161$215,609$3,747,348
98$9,620,511$901,032$159,664$4,037,380
99$10,536,645$880,024$99,855$4,356,274
100$11,544,172$855,935$35,989$4,707,042