Can I retire at age 68 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$63,256$62,692$62,142$61,606$61,082$60,194
2 years$31,315$30,731$30,166$29,618$29,087$28,194
3 years$20,669$20,083$19,520$18,977$18,454$17,584
4 years$15,347$14,763$14,205$13,672$13,161$12,321
5 years$12,155$11,575$11,024$10,501$10,005$9,197
6 years$10,028$9,452$8,909$8,398$7,917$7,142
7 years$8,509$7,937$7,403$6,904$6,438$5,697
8 years$7,370$6,804$6,279$5,792$5,341$4,633
9 years$6,485$5,924$5,408$4,933$4,498$3,823
10 years$5,777$5,222$4,715$4,253$3,833$3,189
11 years$5,198$4,649$4,151$3,701$3,296$2,685
12 years$4,716$4,172$3,684$3,246$2,856$2,276
13 years$4,309$3,771$3,291$2,866$2,491$1,941
14 years$3,960$3,427$2,957$2,544$2,183$1,663
15 years$3,658$3,131$2,670$2,269$1,922$1,430
16 years$3,394$2,873$2,421$2,032$1,699$1,234
17 years$3,161$2,646$2,203$1,825$1,507$1,068
18 years$2,954$2,445$2,011$1,645$1,340$927
19 years$2,769$2,266$1,841$1,486$1,194$805
20 years$2,603$2,105$1,689$1,346$1,066$701
21 years$2,453$1,961$1,554$1,222$954$612
22 years$2,317$1,831$1,432$1,111$855$534
23 years$2,193$1,712$1,322$1,012$768$467
24 years$2,079$1,604$1,223$923$690$409
25 years$1,975$1,505$1,133$843$621$358
26 years$1,879$1,415$1,050$771$559$314
27 years$1,790$1,331$975$705$504$275
28 years$1,707$1,255$907$646$455$241
29 years$1,631$1,184$844$593$411$212
30 years$1,559$1,118$786$544$371$186
31 years$1,493$1,057$733$499$336$164
32 years$1,430$1,000$684$459$304$144
33 years$1,372$947$638$422$275$126
34 years$1,317$897$596$388$249$111
35 years$1,265$851$558$358$225$98
36 years$1,217$808$522$329$204$86
37 years$1,171$767$488$303$185$76
38 years$1,127$729$457$280$168$67
39 years$1,086$693$428$258$152$59
40 years$1,047$660$402$238$138$52
41 years$1,010$628$377$219$125$45
42 years$975$598$353$202$114$40
43 years$942$570$331$187$103$35
44 years$910$543$311$173$94$31
45 years$880$518$292$159$85$27
46 years$851$494$274$147$77$24
47 years$823$472$258$136$70$21
48 years$797$450$242$126$64$19
49 years$772$430$228$116$58$16
50 years$748$411$214$107$52$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $766,000, adding $5,527 every year, while hoping to spend $58,364 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: 72/8/20 Blend
67$766,000$766,000$766,000$766,000
68$849,833$809,235$797,362$906,538
69$874,417$786,789$761,975$922,545
70$899,553$761,286$723,446$932,549
71$925,235$732,517$681,609$942,034
72$951,454$700,256$636,289$950,937
73$978,202$664,268$587,304$959,195
74$1,005,463$624,302$534,463$966,735
75$1,033,221$580,093$477,568$973,481
76$1,061,454$531,362$416,411$979,350
77$1,090,136$477,812$350,774$984,251
78$1,119,237$419,132$280,432$988,087
79$1,148,720$354,991$205,148$990,753
80$1,178,543$285,039$124,674$992,136
81$1,208,657$208,908$38,752$992,112
82$1,239,004$126,208$0$990,547
83$1,269,519$36,529$0$998,596
84$1,300,126$0$0$1,014,363
85$1,330,741$0$0$1,034,795
86$1,361,266$0$0$1,058,351
87$1,391,590$0$0$1,081,726
88$1,421,589$0$0$1,104,823
89$1,451,121$0$0$1,127,526
90$1,480,029$0$0$1,149,711
91$1,508,133$0$0$1,171,235
92$1,535,233$0$0$1,191,938
93$1,561,106$0$0$1,211,642
94$1,585,500$0$0$1,230,147
95$1,608,135$0$0$1,247,229
96$1,628,698$0$0$1,262,639
97$1,646,839$0$0$1,276,100
98$1,662,168$0$0$1,287,300
99$1,674,253$0$0$1,295,895
100$1,682,610$0$0$1,301,502