Can I retire at age 68 with 759,000?

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 $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%11.3%
1 years$62,678$62,119$61,575$61,043$60,524$60,193
2 years$31,028$30,451$29,891$29,348$28,821$28,487
3 years$20,480$19,900$19,341$18,803$18,285$17,959
4 years$15,207$14,628$14,075$13,547$13,041$12,724
5 years$12,044$11,469$10,923$10,405$9,914$9,608
6 years$9,936$9,365$8,827$8,321$7,844$7,550
7 years$8,431$7,865$7,336$6,841$6,380$6,096
8 years$7,303$6,742$6,221$5,739$5,292$5,020
9 years$6,425$5,870$5,358$4,888$4,457$4,196
10 years$5,724$5,174$4,672$4,214$3,798$3,548
11 years$5,151$4,606$4,113$3,667$3,266$3,027
12 years$4,673$4,134$3,650$3,217$2,830$2,602
13 years$4,269$3,736$3,261$2,840$2,468$2,251
14 years$3,924$3,396$2,930$2,521$2,163$1,957
15 years$3,624$3,102$2,645$2,248$1,905$1,708
16 years$3,363$2,846$2,398$2,013$1,684$1,496
17 years$3,132$2,621$2,182$1,809$1,493$1,315
18 years$2,927$2,422$1,992$1,630$1,327$1,159
19 years$2,744$2,245$1,824$1,473$1,183$1,024
20 years$2,580$2,086$1,674$1,334$1,057$906
21 years$2,431$1,943$1,540$1,211$946$803
22 years$2,296$1,814$1,419$1,101$848$713
23 years$2,173$1,696$1,310$1,002$761$634
24 years$2,060$1,589$1,212$914$684$564
25 years$1,957$1,492$1,122$835$615$503
26 years$1,861$1,402$1,041$763$554$448
27 years$1,773$1,319$967$699$500$400
28 years$1,692$1,243$899$640$451$357
29 years$1,616$1,173$836$587$407$319
30 years$1,545$1,108$779$539$368$286
31 years$1,479$1,047$726$495$333$255
32 years$1,417$991$677$455$301$229
33 years$1,359$938$633$418$272$205
34 years$1,305$889$591$385$247$183
35 years$1,254$843$553$354$223$164
36 years$1,205$801$517$326$202$147
37 years$1,160$760$484$301$183$132
38 years$1,117$723$453$277$166$118
39 years$1,076$687$424$255$151$106
40 years$1,038$654$398$236$137$95
41 years$1,001$622$373$217$124$85
42 years$966$593$350$201$113$77
43 years$933$565$328$185$102$69
44 years$902$538$308$171$93$62
45 years$872$513$289$158$84$55
46 years$843$490$272$146$76$50
47 years$816$467$255$135$69$45
48 years$790$446$240$125$63$40
49 years$765$426$226$115$57$36
50 years$741$407$212$106$52$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $759,000, adding $5,079 every year, while hoping to spend $48,902 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: 64/15/21 Blend
67$759,000$759,000$759,000$759,000
68$841,657$801,430$789,665$890,677
69$875,475$788,669$764,088$911,531
70$911,103$773,643$736,015$928,332
71$948,674$756,191$705,310$945,555
72$988,334$736,139$671,833$963,244
73$1,030,241$713,306$635,436$981,451
74$1,074,566$687,499$595,964$1,000,233
75$1,121,499$658,514$553,256$1,019,657
76$1,171,245$626,134$507,143$1,039,795
77$1,224,028$590,131$457,448$1,060,734
78$1,280,095$550,263$403,989$1,082,568
79$1,339,713$506,275$346,572$1,105,406
80$1,403,179$457,897$284,996$1,129,368
81$1,470,812$404,843$219,052$1,154,592
82$1,542,965$346,811$148,521$1,181,231
83$1,620,026$283,483$73,175$1,209,458
84$1,702,416$214,521$0$1,239,467
85$1,790,601$139,571$0$1,273,096
86$1,885,088$58,256$0$1,326,572
87$1,986,436$0$0$1,383,810
88$2,095,258$0$0$1,450,100
89$2,212,224$0$0$1,531,723
90$2,338,074$0$0$1,619,584
91$2,473,616$0$0$1,714,253
92$2,619,741$0$0$1,816,357
93$2,777,427$0$0$1,926,583
94$2,947,746$0$0$2,045,689
95$3,131,878$0$0$2,174,505
96$3,331,122$0$0$2,313,946
97$3,546,901$0$0$2,465,015
98$3,780,784$0$0$2,628,817
99$4,034,495$0$0$2,806,566
100$4,309,928$0$0$2,999,599