Can I retire at age 68 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$63,173$62,610$62,061$61,525$61,002$59,844
2 years$31,274$30,691$30,127$29,580$29,049$27,886
3 years$20,642$20,057$19,494$18,952$18,430$17,299
4 years$15,327$14,744$14,187$13,654$13,144$12,055
5 years$12,139$11,560$11,009$10,487$9,992$8,946
6 years$10,015$9,439$8,897$8,387$7,906$6,906
7 years$8,498$7,927$7,394$6,895$6,430$5,475
8 years$7,360$6,795$6,270$5,784$5,334$4,424
9 years$6,476$5,916$5,401$4,927$4,492$3,626
10 years$5,769$5,215$4,708$4,247$3,828$3,006
11 years$5,191$4,642$4,145$3,696$3,292$2,513
12 years$4,710$4,167$3,679$3,242$2,853$2,115
13 years$4,303$3,766$3,287$2,862$2,488$1,790
14 years$3,955$3,423$2,953$2,541$2,181$1,522
15 years$3,653$3,127$2,666$2,266$1,920$1,300
16 years$3,389$2,869$2,417$2,029$1,697$1,113
17 years$3,157$2,642$2,200$1,823$1,505$956
18 years$2,950$2,441$2,008$1,643$1,338$822
19 years$2,766$2,263$1,838$1,484$1,192$709
20 years$2,600$2,103$1,687$1,344$1,065$612
21 years$2,450$1,958$1,552$1,220$953$530
22 years$2,314$1,828$1,430$1,109$854$459
23 years$2,190$1,710$1,321$1,010$767$398
24 years$2,077$1,602$1,221$922$689$345
25 years$1,972$1,503$1,131$842$620$299
26 years$1,876$1,413$1,049$770$559$260
27 years$1,787$1,330$974$704$504$226
28 years$1,705$1,253$906$645$455$197
29 years$1,628$1,182$843$592$410$171
30 years$1,557$1,116$785$543$371$149
31 years$1,491$1,055$732$499$335$130
32 years$1,428$999$683$458$303$113
33 years$1,370$946$638$422$274$98
34 years$1,315$896$596$388$249$86
35 years$1,264$850$557$357$225$75
36 years$1,215$807$521$329$204$65
37 years$1,169$766$488$303$185$57
38 years$1,126$728$457$279$168$50
39 years$1,085$693$428$257$152$43
40 years$1,046$659$401$237$138$38
41 years$1,009$627$376$219$125$33
42 years$974$597$353$202$113$29
43 years$941$569$331$187$103$25
44 years$909$542$311$172$93$22
45 years$879$517$292$159$85$19
46 years$850$493$274$147$77$17
47 years$822$471$257$136$70$14
48 years$796$450$242$126$64$13
49 years$771$429$227$116$58$11
50 years$747$410$214$107$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $765,000, adding $2,206 every year, while hoping to spend $45,482 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: 35/47/18 Blend
67$765,000$765,000$765,000$765,000
68$845,305$804,760$792,903$870,162
69$883,134$795,801$771,073$879,555
70$923,297$784,879$746,987$885,279
71$965,984$771,848$720,522$890,498
72$1,011,403$756,558$691,548$895,192
73$1,059,782$738,845$659,931$899,346
74$1,111,370$718,539$625,528$902,943
75$1,166,440$695,457$588,194$905,974
76$1,225,291$669,408$547,772$908,429
77$1,288,250$640,189$504,103$910,305
78$1,355,678$607,585$457,016$911,605
79$1,427,969$571,368$406,338$912,334
80$1,505,554$531,298$351,882$912,507
81$1,588,909$487,120$293,459$912,146
82$1,678,555$438,565$230,867$911,282
83$1,775,062$385,350$163,896$909,958
84$1,879,061$327,175$92,329$908,227
85$1,991,240$263,721$15,937$906,156
86$2,112,358$194,655$0$903,828
87$2,243,247$119,621$0$913,941
88$2,384,822$38,247$0$928,104
89$2,538,091$0$0$943,446
90$2,704,158$0$0$985,976
91$2,884,241$0$0$1,053,637
92$3,079,676$0$0$1,127,164
93$3,291,934$0$0$1,207,121
94$3,522,634$0$0$1,294,131
95$3,773,556$0$0$1,388,878
96$4,046,657$0$0$1,492,116
97$4,344,093$0$0$1,604,674
98$4,668,234$0$0$1,727,463
99$5,021,691$0$0$1,861,490
100$5,407,336$0$0$2,007,859