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%12%
1 years$63,256$62,692$62,142$61,606$61,082$60,570
2 years$31,315$30,731$30,166$29,618$29,087$28,571
3 years$20,669$20,083$19,520$18,977$18,454$17,950
4 years$15,347$14,763$14,205$13,672$13,161$12,673
5 years$12,155$11,575$11,024$10,501$10,005$9,534
6 years$10,028$9,452$8,909$8,398$7,917$7,464
7 years$8,509$7,937$7,403$6,904$6,438$6,004
8 years$7,370$6,804$6,279$5,792$5,341$4,925
9 years$6,485$5,924$5,408$4,933$4,498$4,099
10 years$5,777$5,222$4,715$4,253$3,833$3,452
11 years$5,198$4,649$4,151$3,701$3,296$2,933
12 years$4,716$4,172$3,684$3,246$2,856$2,510
13 years$4,309$3,771$3,291$2,866$2,491$2,161
14 years$3,960$3,427$2,957$2,544$2,183$1,870
15 years$3,658$3,131$2,670$2,269$1,922$1,625
16 years$3,394$2,873$2,421$2,032$1,699$1,417
17 years$3,161$2,646$2,203$1,825$1,507$1,239
18 years$2,954$2,445$2,011$1,645$1,340$1,086
19 years$2,769$2,266$1,841$1,486$1,194$955
20 years$2,603$2,105$1,689$1,346$1,066$841
21 years$2,453$1,961$1,554$1,222$954$741
22 years$2,317$1,831$1,432$1,111$855$655
23 years$2,193$1,712$1,322$1,012$768$579
24 years$2,079$1,604$1,223$923$690$513
25 years$1,975$1,505$1,133$843$621$454
26 years$1,879$1,415$1,050$771$559$403
27 years$1,790$1,331$975$705$504$358
28 years$1,707$1,255$907$646$455$318
29 years$1,631$1,184$844$593$411$282
30 years$1,559$1,118$786$544$371$251
31 years$1,493$1,057$733$499$336$223
32 years$1,430$1,000$684$459$304$199
33 years$1,372$947$638$422$275$177
34 years$1,317$897$596$388$249$158
35 years$1,265$851$558$358$225$140
36 years$1,217$808$522$329$204$125
37 years$1,171$767$488$303$185$111
38 years$1,127$729$457$280$168$99
39 years$1,086$693$428$258$152$89
40 years$1,047$660$402$238$138$79
41 years$1,010$628$377$219$125$70
42 years$975$598$353$202$114$63
43 years$942$570$331$187$103$56
44 years$910$543$311$173$94$50
45 years$880$518$292$159$85$45
46 years$851$494$274$147$77$40
47 years$823$472$258$136$70$36
48 years$797$450$242$126$64$32
49 years$772$430$228$116$58$28
50 years$748$411$214$107$52$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $766,000, adding $2,308 every year, while hoping to spend $39,728 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: 74/17/9 Blend
67$766,000$766,000$766,000$766,000
68$846,513$805,915$794,042$907,684
69$890,587$803,134$778,372$945,549
70$937,825$798,886$760,845$981,798
71$988,508$793,056$741,359$1,020,396
72$1,042,943$785,524$719,802$1,061,562
73$1,101,470$776,161$696,062$1,105,539
74$1,164,460$764,833$670,020$1,152,594
75$1,232,319$751,394$641,550$1,203,022
76$1,305,496$735,693$610,522$1,257,150
77$1,384,483$717,568$576,801$1,315,337
78$1,469,820$696,848$540,243$1,377,980
79$1,562,101$673,353$500,701$1,445,519
80$1,661,979$646,892$458,018$1,518,436
81$1,770,172$617,260$412,033$1,597,266
82$1,887,469$584,245$362,575$1,682,599
83$2,014,737$547,620$309,468$1,775,086
84$2,152,931$507,144$252,526$1,875,444
85$2,303,101$462,565$191,556$1,984,468
86$2,466,401$413,614$126,357$2,103,031
87$2,644,101$360,009$56,718$2,232,102
88$2,837,600$301,450$0$2,372,745
89$3,048,436$237,622$0$2,527,827
90$3,278,301$168,190$0$2,702,881
91$3,529,059$92,802$0$2,893,908
92$3,802,759$11,085$0$3,102,517
93$4,101,660$0$0$3,330,476
94$4,428,245$0$0$3,594,209
95$4,785,251$0$0$3,884,807
96$5,175,690$0$0$4,202,652
97$5,602,876$0$0$4,550,446
98$6,070,463$0$0$4,931,169
99$6,582,471$0$0$5,348,097
100$7,143,327$0$0$5,804,841