Can I retire at age 68 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$62,760$62,201$61,656$61,123$60,603$59,921
2 years$31,069$30,491$29,930$29,386$28,859$28,171
3 years$20,507$19,926$19,367$18,828$18,309$17,639
4 years$15,227$14,648$14,094$13,565$13,058$12,410
5 years$12,060$11,484$10,937$10,419$9,927$9,302
6 years$9,949$9,378$8,839$8,332$7,855$7,254
7 years$8,442$7,875$7,345$6,850$6,388$5,813
8 years$7,312$6,751$6,229$5,746$5,299$4,749
9 years$6,434$5,878$5,365$4,895$4,463$3,937
10 years$5,732$5,181$4,678$4,219$3,803$3,301
11 years$5,157$4,612$4,118$3,672$3,270$2,792
12 years$4,679$4,140$3,655$3,221$2,834$2,379
13 years$4,275$3,741$3,265$2,844$2,471$2,039
14 years$3,929$3,400$2,934$2,524$2,166$1,756
15 years$3,629$3,106$2,649$2,251$1,907$1,519
16 years$3,367$2,850$2,402$2,016$1,686$1,318
17 years$3,136$2,625$2,185$1,811$1,495$1,147
18 years$2,931$2,425$1,995$1,632$1,329$1,001
19 years$2,748$2,248$1,826$1,475$1,185$875
20 years$2,583$2,089$1,676$1,336$1,058$767
21 years$2,434$1,946$1,542$1,212$947$673
22 years$2,299$1,816$1,421$1,102$849$591
23 years$2,176$1,699$1,312$1,004$762$520
24 years$2,063$1,592$1,213$916$685$458
25 years$1,959$1,494$1,124$836$616$403
26 years$1,864$1,404$1,042$764$555$356
27 years$1,776$1,321$968$700$500$314
28 years$1,694$1,245$900$641$452$277
29 years$1,618$1,174$837$588$408$245
30 years$1,547$1,109$780$540$368$217
31 years$1,481$1,048$727$496$333$192
32 years$1,419$992$678$455$301$170
33 years$1,361$939$633$419$273$150
34 years$1,307$890$592$385$247$133
35 years$1,255$845$553$355$224$118
36 years$1,207$802$518$327$203$104
37 years$1,161$761$484$301$184$92
38 years$1,118$724$454$277$166$82
39 years$1,078$688$425$256$151$73
40 years$1,039$655$398$236$137$64
41 years$1,002$623$374$218$124$57
42 years$968$593$350$201$113$51
43 years$934$565$329$185$102$45
44 years$903$539$309$171$93$40
45 years$873$514$290$158$84$35
46 years$844$490$272$146$77$31
47 years$817$468$256$135$70$28
48 years$791$447$240$125$63$25
49 years$766$427$226$115$57$22
50 years$742$407$212$107$52$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $760,000, adding $6,654 every year, while hoping to spend $46,423 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: 30/49/21 Blend
67$760,000$760,000$760,000$760,000
68$844,384$804,104$792,324$864,009
69$881,117$794,111$769,473$869,526
70$920,041$782,073$744,300$870,839
71$961,331$767,840$716,680$871,278
72$1,005,177$751,254$686,479$870,795
73$1,051,787$732,148$653,558$869,344
74$1,101,391$710,344$617,773$866,878
75$1,154,236$685,655$578,973$863,349
76$1,210,599$657,882$536,998$858,712
77$1,270,776$626,815$491,685$852,923
78$1,335,098$592,232$442,859$845,938
79$1,403,924$553,897$390,341$837,716
80$1,477,649$511,562$333,941$828,219
81$1,556,705$464,965$273,464$817,412
82$1,641,567$413,826$208,703$805,266
83$1,732,757$357,854$139,445$791,755
84$1,830,846$296,736$65,464$776,860
85$1,936,462$230,147$0$760,569
86$2,050,296$157,739$0$745,903
87$2,173,105$79,147$0$745,697
88$2,305,722$0$0$745,344
89$2,449,060$0$0$748,178
90$2,604,126$0$0$797,506
91$2,772,024$0$0$851,016
92$2,953,970$0$0$909,106
93$3,151,299$0$0$972,218
94$3,365,480$0$0$1,040,834
95$3,598,129$0$0$1,115,486
96$3,851,024$0$0$1,196,760
97$4,126,119$0$0$1,285,301
98$4,425,567$0$0$1,381,816
99$4,751,733$0$0$1,487,086
100$5,107,223$0$0$1,601,970