Can I retire at age 68 with 760,000?

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 $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%14.2%
1 years$62,760$62,201$61,656$61,123$60,603$59,550
2 years$31,069$30,491$29,930$29,386$28,859$27,801
3 years$20,507$19,926$19,367$18,828$18,309$17,280
4 years$15,227$14,648$14,094$13,565$13,058$12,066
5 years$12,060$11,484$10,937$10,419$9,927$8,973
6 years$9,949$9,378$8,839$8,332$7,855$6,942
7 years$8,442$7,875$7,345$6,850$6,388$5,516
8 years$7,312$6,751$6,229$5,746$5,299$4,467
9 years$6,434$5,878$5,365$4,895$4,463$3,671
10 years$5,732$5,181$4,678$4,219$3,803$3,050
11 years$5,157$4,612$4,118$3,672$3,270$2,556
12 years$4,679$4,140$3,655$3,221$2,834$2,157
13 years$4,275$3,741$3,265$2,844$2,471$1,831
14 years$3,929$3,400$2,934$2,524$2,166$1,561
15 years$3,629$3,106$2,649$2,251$1,907$1,336
16 years$3,367$2,850$2,402$2,016$1,686$1,148
17 years$3,136$2,625$2,185$1,811$1,495$988
18 years$2,931$2,425$1,995$1,632$1,329$853
19 years$2,748$2,248$1,826$1,475$1,185$738
20 years$2,583$2,089$1,676$1,336$1,058$639
21 years$2,434$1,946$1,542$1,212$947$554
22 years$2,299$1,816$1,421$1,102$849$481
23 years$2,176$1,699$1,312$1,004$762$419
24 years$2,063$1,592$1,213$916$685$364
25 years$1,959$1,494$1,124$836$616$317
26 years$1,864$1,404$1,042$764$555$277
27 years$1,776$1,321$968$700$500$241
28 years$1,694$1,245$900$641$452$210
29 years$1,618$1,174$837$588$408$184
30 years$1,547$1,109$780$540$368$160
31 years$1,481$1,048$727$496$333$140
32 years$1,419$992$678$455$301$122
33 years$1,361$939$633$419$273$107
34 years$1,307$890$592$385$247$94
35 years$1,255$845$553$355$224$82
36 years$1,207$802$518$327$203$72
37 years$1,161$761$484$301$184$63
38 years$1,118$724$454$277$166$55
39 years$1,078$688$425$256$151$48
40 years$1,039$655$398$236$137$42
41 years$1,002$623$374$218$124$37
42 years$968$593$350$201$113$32
43 years$934$565$329$185$102$28
44 years$903$539$309$171$93$25
45 years$873$514$290$158$84$22
46 years$844$490$272$146$77$19
47 years$817$468$256$135$70$17
48 years$791$447$240$125$63$14
49 years$766$427$226$115$57$13
50 years$742$407$212$107$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $760,000, adding $6,337 every year, while hoping to spend $26,768 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: 46/41/13 Blend
67$760,000$760,000$760,000$760,000
68$844,057$803,777$791,997$879,508
69$901,669$814,681$790,048$915,640
70$964,262$825,222$787,136$951,575
71$1,032,313$835,354$783,202$989,967
72$1,106,351$845,029$778,181$1,031,053
73$1,186,956$854,192$772,007$1,075,095
74$1,274,767$862,789$764,611$1,122,385
75$1,370,487$870,760$755,920$1,173,242
76$1,474,890$878,041$745,856$1,228,023
77$1,588,828$884,564$734,341$1,287,118
78$1,713,237$890,256$721,290$1,350,960
79$1,849,150$895,041$706,617$1,420,029
80$1,997,703$898,838$690,228$1,494,851
81$2,160,146$901,559$672,028$1,576,012
82$2,337,857$903,111$651,917$1,664,156
83$2,532,352$903,397$629,790$1,759,995
84$2,745,300$902,312$605,536$1,864,316
85$2,978,541$899,745$579,041$1,977,989
86$3,234,098$895,578$550,185$2,101,972
87$3,514,202$889,688$518,843$2,237,327
88$3,821,309$881,941$484,882$2,385,223
89$4,158,124$872,197$448,167$2,546,952
90$4,527,625$860,308$408,553$2,723,943
91$4,933,095$846,115$365,892$2,917,771
92$5,378,148$829,452$320,027$3,130,175
93$5,866,766$810,141$270,794$3,363,076
94$6,403,334$787,996$218,023$3,618,593
95$6,992,683$762,818$161,537$3,899,067
96$7,640,137$734,396$101,148$4,207,080
97$8,351,559$702,509$36,665$4,545,484
98$9,133,408$666,922$0$4,917,424
99$9,992,800$627,385$0$5,330,833
100$10,937,575$583,637$0$5,790,799