Can I retire at age 68 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$63,090$62,528$61,980$61,445$60,922$60,261
2 years$31,233$30,651$30,087$29,541$29,011$28,345
3 years$20,615$20,031$19,469$18,927$18,406$17,756
4 years$15,307$14,725$14,168$13,636$13,127$12,498
5 years$12,123$11,544$10,995$10,474$9,979$9,373
6 years$10,001$9,427$8,886$8,376$7,896$7,314
7 years$8,486$7,917$7,384$6,886$6,422$5,864
8 years$7,351$6,786$6,262$5,777$5,327$4,793
9 years$6,468$5,908$5,394$4,920$4,486$3,976
10 years$5,762$5,208$4,702$4,242$3,823$3,336
11 years$5,185$4,636$4,140$3,691$3,288$2,824
12 years$4,704$4,161$3,674$3,238$2,849$2,407
13 years$4,298$3,761$3,282$2,859$2,484$2,065
14 years$3,950$3,418$2,949$2,537$2,178$1,780
15 years$3,648$3,123$2,663$2,263$1,917$1,540
16 years$3,385$2,865$2,414$2,026$1,695$1,337
17 years$3,153$2,639$2,197$1,821$1,503$1,165
18 years$2,946$2,438$2,005$1,641$1,336$1,017
19 years$2,762$2,260$1,836$1,483$1,191$890
20 years$2,597$2,100$1,685$1,343$1,064$780
21 years$2,447$1,956$1,550$1,219$952$685
22 years$2,311$1,826$1,428$1,108$853$602
23 years$2,187$1,708$1,319$1,009$766$530
24 years$2,074$1,600$1,220$920$688$467
25 years$1,970$1,501$1,130$840$619$412
26 years$1,874$1,411$1,048$769$558$364
27 years$1,785$1,328$973$703$503$321
28 years$1,703$1,251$904$644$454$284
29 years$1,626$1,181$842$591$410$251
30 years$1,555$1,115$784$542$370$222
31 years$1,489$1,054$731$498$335$197
32 years$1,427$997$682$458$303$174
33 years$1,368$944$637$421$274$154
34 years$1,313$895$595$387$248$137
35 years$1,262$849$556$357$225$121
36 years$1,213$806$520$328$204$107
37 years$1,168$765$487$303$185$95
38 years$1,124$727$456$279$167$84
39 years$1,083$692$427$257$152$75
40 years$1,045$658$400$237$138$66
41 years$1,008$626$376$219$125$59
42 years$973$597$352$202$113$52
43 years$939$568$331$186$103$46
44 years$908$542$310$172$93$41
45 years$878$517$291$159$85$37
46 years$849$493$274$147$77$32
47 years$821$470$257$136$70$29
48 years$795$449$242$125$63$26
49 years$770$429$227$116$58$23
50 years$746$410$213$107$52$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $764,000, adding $4,976 every year, while hoping to spend $20,838 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: 36/45/19 Blend
67$764,000$764,000$764,000$764,000
68$847,061$806,569$794,727$872,509
69$911,289$823,919$799,179$908,833
70$981,371$841,421$803,081$945,709
71$1,057,881$859,061$806,394$985,086
72$1,141,451$876,821$809,075$1,027,199
73$1,232,779$894,686$811,079$1,072,307
74$1,332,632$912,635$812,360$1,120,697
75$1,441,855$930,648$812,868$1,172,683
76$1,561,377$948,702$812,552$1,228,615
77$1,692,222$966,774$811,357$1,288,877
78$1,835,518$984,835$809,227$1,353,891
79$1,992,508$1,002,859$806,103$1,424,127
80$2,164,558$1,020,813$801,922$1,500,099
81$2,353,175$1,038,665$796,618$1,582,377
82$2,560,017$1,056,378$790,123$1,671,587
83$2,786,913$1,073,914$782,366$1,768,424
84$3,035,873$1,091,231$773,270$1,873,650
85$3,309,115$1,108,285$762,758$1,988,109
86$3,609,081$1,125,027$750,747$2,112,730
87$3,938,460$1,141,406$737,149$2,248,541
88$4,300,215$1,157,367$721,876$2,396,671
89$4,697,610$1,172,851$704,832$2,558,370
90$5,134,241$1,187,795$685,919$2,735,015
91$5,614,069$1,202,132$665,032$2,928,126
92$6,141,457$1,215,790$642,064$3,139,379
93$6,721,214$1,228,692$616,901$3,370,622
94$7,358,635$1,240,756$589,425$3,623,895
95$8,059,557$1,251,894$559,512$3,901,447
96$8,830,409$1,262,014$527,033$4,205,761
97$9,678,275$1,271,016$491,852$4,539,573
98$10,610,958$1,278,796$453,829$4,905,901
99$11,637,058$1,285,239$412,814$5,308,075
100$12,766,050$1,290,227$368,655$5,749,767