Can I retire at age 68 with 768,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$63,421$62,856$62,305$61,767$61,241$59,520
2 years$31,396$30,812$30,245$29,696$29,163$27,441
3 years$20,723$20,136$19,571$19,026$18,502$16,835
4 years$15,387$14,802$14,242$13,707$13,196$11,595
5 years$12,187$11,605$11,053$10,529$10,031$8,502
6 years$10,054$9,476$8,932$8,420$7,937$6,481
7 years$8,531$7,958$7,423$6,922$6,455$5,072
8 years$7,389$6,822$6,295$5,807$5,355$4,044
9 years$6,502$5,939$5,422$4,946$4,510$3,269
10 years$5,792$5,235$4,727$4,264$3,843$2,671
11 years$5,212$4,661$4,162$3,711$3,305$2,200
12 years$4,729$4,183$3,693$3,255$2,864$1,825
13 years$4,320$3,780$3,300$2,873$2,497$1,521
14 years$3,970$3,436$2,965$2,551$2,189$1,273
15 years$3,667$3,139$2,677$2,275$1,927$1,070
16 years$3,403$2,880$2,427$2,037$1,704$901
17 years$3,169$2,652$2,208$1,830$1,510$761
18 years$2,962$2,451$2,016$1,649$1,343$644
19 years$2,777$2,272$1,846$1,490$1,197$546
20 years$2,610$2,111$1,694$1,350$1,069$463
21 years$2,460$1,966$1,558$1,225$957$394
22 years$2,323$1,835$1,436$1,114$858$335
23 years$2,199$1,717$1,326$1,014$770$285
24 years$2,085$1,608$1,226$925$692$243
25 years$1,980$1,509$1,136$845$623$207
26 years$1,884$1,418$1,053$773$561$177
27 years$1,794$1,335$978$707$506$151
28 years$1,712$1,258$909$648$456$129
29 years$1,635$1,187$846$594$412$110
30 years$1,563$1,121$788$545$372$94
31 years$1,496$1,059$735$501$337$80
32 years$1,434$1,002$685$460$304$68
33 years$1,375$949$640$423$276$59
34 years$1,320$900$598$389$249$50
35 years$1,269$853$559$358$226$43
36 years$1,220$810$523$330$205$37
37 years$1,174$769$490$304$186$31
38 years$1,130$731$458$280$168$27
39 years$1,089$695$430$259$153$23
40 years$1,050$661$403$238$138$20
41 years$1,013$630$377$220$126$17
42 years$978$600$354$203$114$14
43 years$944$571$332$187$103$12
44 years$912$545$312$173$94$10
45 years$882$519$293$160$85$9
46 years$853$495$275$148$77$8
47 years$826$473$258$136$70$7
48 years$799$451$243$126$64$6
49 years$774$431$228$116$58$5
50 years$750$412$215$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $768,000, adding $6,933 every year, while hoping to spend $59,595 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: 43/32/25 Blend
67$768,000$768,000$768,000$768,000
68$853,487$812,783$800,879$883,710
69$877,134$789,201$764,300$882,340
70$901,196$762,466$724,498$874,620
71$925,652$732,361$681,303$865,082
72$950,477$698,655$634,535$853,592
73$975,642$661,105$584,008$840,006
74$1,001,113$619,455$529,528$824,171
75$1,026,849$573,431$470,890$805,925
76$1,052,805$522,746$407,881$785,094
77$1,078,926$467,096$340,281$761,494
78$1,105,152$406,159$267,856$734,927
79$1,131,412$339,595$190,364$705,184
80$1,157,628$267,047$107,552$672,042
81$1,183,707$188,134$19,157$635,262
82$1,209,549$102,457$0$594,591
83$1,235,038$9,592$0$569,812
84$1,260,043$0$0$547,338
85$1,284,419$0$0$553,838
86$1,307,999$0$0$563,285
87$1,330,601$0$0$572,215
88$1,352,018$0$0$580,527
89$1,372,019$0$0$588,110
90$1,390,345$0$0$594,840
91$1,406,711$0$0$600,579
92$1,420,793$0$0$605,173
93$1,432,236$0$0$608,451
94$1,440,641$0$0$610,222
95$1,445,567$0$0$610,274
96$1,446,522$0$0$608,373
97$1,442,959$0$0$604,257
98$1,434,273$0$0$597,637
99$1,419,792$0$0$588,191
100$1,398,769$0$0$575,564