Can I retire at age 68 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$62,925$62,365$61,818$61,284$60,763$58,794
2 years$31,151$30,571$30,009$29,464$28,935$26,970
3 years$20,561$19,978$19,418$18,878$18,357$16,458
4 years$15,267$14,686$14,131$13,600$13,093$11,273
5 years$12,092$11,514$10,966$10,446$9,953$8,218
6 years$9,975$9,402$8,862$8,354$7,875$6,227
7 years$8,464$7,896$7,365$6,868$6,405$4,842
8 years$7,331$6,768$6,246$5,762$5,313$3,836
9 years$6,451$5,893$5,380$4,908$4,475$3,081
10 years$5,747$5,194$4,690$4,230$3,813$2,500
11 years$5,171$4,624$4,129$3,682$3,279$2,045
12 years$4,692$4,151$3,664$3,229$2,841$1,683
13 years$4,286$3,751$3,274$2,851$2,478$1,393
14 years$3,939$3,409$2,942$2,531$2,172$1,157
15 years$3,639$3,115$2,656$2,257$1,912$964
16 years$3,376$2,858$2,408$2,021$1,690$806
17 years$3,144$2,632$2,191$1,816$1,499$675
18 years$2,939$2,432$2,000$1,636$1,333$567
19 years$2,755$2,254$1,831$1,479$1,188$476
20 years$2,590$2,094$1,680$1,339$1,061$401
21 years$2,441$1,951$1,546$1,215$949$338
22 years$2,305$1,821$1,425$1,105$851$285
23 years$2,181$1,703$1,315$1,006$764$240
24 years$2,068$1,596$1,217$918$687$203
25 years$1,965$1,497$1,127$838$618$172
26 years$1,869$1,407$1,045$766$557$145
27 years$1,780$1,325$970$702$502$123
28 years$1,698$1,248$902$643$453$104
29 years$1,622$1,177$839$589$409$88
30 years$1,551$1,112$782$541$369$74
31 years$1,485$1,051$729$497$334$63
32 years$1,423$995$680$457$302$53
33 years$1,365$942$635$420$273$45
34 years$1,310$893$593$386$248$38
35 years$1,259$847$555$356$224$32
36 years$1,210$804$519$328$203$27
37 years$1,165$763$486$302$184$23
38 years$1,121$725$455$278$167$20
39 years$1,080$690$426$256$151$17
40 years$1,042$656$399$237$137$14
41 years$1,005$625$375$218$125$12
42 years$970$595$351$201$113$10
43 years$937$567$330$186$103$9
44 years$905$540$309$172$93$7
45 years$875$515$291$159$85$6
46 years$847$492$273$146$77$5
47 years$819$469$256$135$70$4
48 years$793$448$241$125$63$4
49 years$768$428$226$116$57$3
50 years$744$409$213$107$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $762,000, adding $6,473 every year, while hoping to spend $44,036 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: 55/23/22 Blend
67$762,000$762,000$762,000$762,000
68$846,401$806,015$794,204$887,550
69$885,880$798,656$773,956$909,100
70$927,910$789,460$751,553$927,372
71$972,704$778,291$726,878$946,331
72$1,020,497$765,005$699,806$966,054
73$1,071,546$749,448$670,207$986,633
74$1,126,130$731,457$637,946$1,008,165
75$1,184,559$710,862$602,880$1,030,766
76$1,247,169$687,480$564,862$1,054,561
77$1,314,332$661,118$523,737$1,079,695
78$1,386,455$631,573$479,342$1,106,327
79$1,463,982$598,629$431,510$1,134,638
80$1,547,405$562,059$380,062$1,164,830
81$1,637,261$521,620$324,814$1,197,129
82$1,734,141$477,059$265,575$1,231,787
83$1,838,693$428,105$202,142$1,269,088
84$1,951,632$374,475$134,306$1,309,347
85$2,073,741$315,866$61,847$1,352,917
86$2,205,880$251,961$0$1,400,192
87$2,348,997$182,424$0$1,455,243
88$2,504,133$106,901$0$1,530,655
89$2,672,432$25,017$0$1,612,499
90$2,855,153$0$0$1,701,441
91$3,053,680$0$0$1,814,322
92$3,269,538$0$0$1,944,003
93$3,504,401$0$0$2,085,167
94$3,760,113$0$0$2,238,931
95$4,038,704$0$0$2,406,522
96$4,342,405$0$0$2,589,293
97$4,673,673$0$0$2,788,732
98$5,035,214$0$0$3,006,476
99$5,430,004$0$0$3,244,329
100$5,861,320$0$0$3,504,276