Can I retire at age 68 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$62,678$62,119$61,575$61,043$60,524$60,168
2 years$31,028$30,451$29,891$29,348$28,821$28,461
3 years$20,480$19,900$19,341$18,803$18,285$17,934
4 years$15,207$14,628$14,075$13,547$13,041$12,700
5 years$12,044$11,469$10,923$10,405$9,914$9,585
6 years$9,936$9,365$8,827$8,321$7,844$7,527
7 years$8,431$7,865$7,336$6,841$6,380$6,075
8 years$7,303$6,742$6,221$5,739$5,292$5,000
9 years$6,425$5,870$5,358$4,888$4,457$4,177
10 years$5,724$5,174$4,672$4,214$3,798$3,529
11 years$5,151$4,606$4,113$3,667$3,266$3,010
12 years$4,673$4,134$3,650$3,217$2,830$2,586
13 years$4,269$3,736$3,261$2,840$2,468$2,235
14 years$3,924$3,396$2,930$2,521$2,163$1,941
15 years$3,624$3,102$2,645$2,248$1,905$1,694
16 years$3,363$2,846$2,398$2,013$1,684$1,483
17 years$3,132$2,621$2,182$1,809$1,493$1,302
18 years$2,927$2,422$1,992$1,630$1,327$1,147
19 years$2,744$2,245$1,824$1,473$1,183$1,012
20 years$2,580$2,086$1,674$1,334$1,057$895
21 years$2,431$1,943$1,540$1,211$946$793
22 years$2,296$1,814$1,419$1,101$848$703
23 years$2,173$1,696$1,310$1,002$761$625
24 years$2,060$1,589$1,212$914$684$556
25 years$1,957$1,492$1,122$835$615$495
26 years$1,861$1,402$1,041$763$554$441
27 years$1,773$1,319$967$699$500$393
28 years$1,692$1,243$899$640$451$351
29 years$1,616$1,173$836$587$407$313
30 years$1,545$1,108$779$539$368$280
31 years$1,479$1,047$726$495$333$250
32 years$1,417$991$677$455$301$224
33 years$1,359$938$633$418$272$200
34 years$1,305$889$591$385$247$179
35 years$1,254$843$553$354$223$160
36 years$1,205$801$517$326$202$144
37 years$1,160$760$484$301$183$129
38 years$1,117$723$453$277$166$115
39 years$1,076$687$424$255$151$103
40 years$1,038$654$398$236$137$93
41 years$1,001$622$373$217$124$83
42 years$966$593$350$201$113$74
43 years$933$565$328$185$102$67
44 years$902$538$308$171$93$60
45 years$872$513$289$158$84$54
46 years$843$490$272$146$76$48
47 years$816$467$255$135$69$43
48 years$790$446$240$125$63$39
49 years$765$426$226$115$57$35
50 years$741$407$212$106$52$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $759,000, adding $6,948 every year, while hoping to spend $38,126 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: 43/30/27 Blend
67$759,000$759,000$759,000$759,000
68$843,585$803,358$791,593$872,963
69$889,065$802,157$777,546$893,444
70$937,906$799,619$761,750$911,467
71$990,410$795,638$744,107$930,261
72$1,046,911$790,103$724,513$949,917
73$1,107,772$782,895$702,861$970,541
74$1,173,395$773,886$679,037$992,251
75$1,244,219$762,944$652,922$1,015,182
76$1,320,727$749,927$624,393$1,039,483
77$1,403,452$734,684$593,321$1,065,323
78$1,492,978$717,057$559,570$1,092,891
79$1,589,945$696,876$523,000$1,122,399
80$1,695,061$673,965$483,462$1,154,083
81$1,809,101$648,133$440,802$1,188,211
82$1,932,920$619,182$394,859$1,225,077
83$2,067,455$586,899$345,464$1,265,015
84$2,213,741$551,062$292,442$1,308,394
85$2,372,913$511,435$235,609$1,355,627
86$2,546,221$467,767$174,774$1,407,175
87$2,735,042$419,794$109,735$1,463,550
88$2,940,890$367,237$40,285$1,525,325
89$3,165,431$309,802$0$1,593,135
90$3,410,499$247,176$0$1,677,434
91$3,678,112$179,031$0$1,782,282
92$3,970,495$105,018$0$1,897,004
93$4,290,093$24,771$0$2,022,643
94$4,639,599$0$0$2,160,354
95$5,021,981$0$0$2,331,912
96$5,440,504$0$0$2,528,728
97$5,898,764$0$0$2,744,326
98$6,400,721$0$0$2,980,581
99$6,950,737$0$0$3,239,559
100$7,553,615$0$0$3,523,534