Can I retire at age 68 with 768,000?

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 $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%12.2%
1 years$63,421$62,856$62,305$61,767$61,241$60,678
2 years$31,396$30,812$30,245$29,696$29,163$28,595
3 years$20,723$20,136$19,571$19,026$18,502$17,947
4 years$15,387$14,802$14,242$13,707$13,196$12,659
5 years$12,187$11,605$11,053$10,529$10,031$9,513
6 years$10,054$9,476$8,932$8,420$7,937$7,439
7 years$8,531$7,958$7,423$6,922$6,455$5,977
8 years$7,389$6,822$6,295$5,807$5,355$4,897
9 years$6,502$5,939$5,422$4,946$4,510$4,072
10 years$5,792$5,235$4,727$4,264$3,843$3,424
11 years$5,212$4,661$4,162$3,711$3,305$2,906
12 years$4,729$4,183$3,693$3,255$2,864$2,484
13 years$4,320$3,780$3,300$2,873$2,497$2,136
14 years$3,970$3,436$2,965$2,551$2,189$1,846
15 years$3,667$3,139$2,677$2,275$1,927$1,602
16 years$3,403$2,880$2,427$2,037$1,704$1,395
17 years$3,169$2,652$2,208$1,830$1,510$1,218
18 years$2,962$2,451$2,016$1,649$1,343$1,067
19 years$2,777$2,272$1,846$1,490$1,197$936
20 years$2,610$2,111$1,694$1,350$1,069$823
21 years$2,460$1,966$1,558$1,225$957$725
22 years$2,323$1,835$1,436$1,114$858$639
23 years$2,199$1,717$1,326$1,014$770$564
24 years$2,085$1,608$1,226$925$692$499
25 years$1,980$1,509$1,136$845$623$441
26 years$1,884$1,418$1,053$773$561$391
27 years$1,794$1,335$978$707$506$346
28 years$1,712$1,258$909$648$456$307
29 years$1,635$1,187$846$594$412$272
30 years$1,563$1,121$788$545$372$242
31 years$1,496$1,059$735$501$337$215
32 years$1,434$1,002$685$460$304$191
33 years$1,375$949$640$423$276$170
34 years$1,320$900$598$389$249$151
35 years$1,269$853$559$358$226$134
36 years$1,220$810$523$330$205$119
37 years$1,174$769$490$304$186$106
38 years$1,130$731$458$280$168$94
39 years$1,089$695$430$259$153$84
40 years$1,050$661$403$238$138$75
41 years$1,013$630$377$220$126$67
42 years$978$600$354$203$114$59
43 years$944$571$332$187$103$53
44 years$912$545$312$173$94$47
45 years$882$519$293$160$85$42
46 years$853$495$275$148$77$37
47 years$826$473$258$136$70$33
48 years$799$451$243$126$64$30
49 years$774$431$228$116$58$26
50 years$750$412$215$108$53$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $768,000, adding $6,623 every year, while hoping to spend $32,994 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: 57/33/10 Blend
67$768,000$768,000$768,000$768,000
68$853,168$812,464$800,560$899,367
69$905,085$817,169$792,273$936,007
70$961,193$820,999$782,603$971,663
71$1,021,883$823,876$771,468$1,009,719
72$1,087,586$825,718$758,784$1,050,408
73$1,158,778$826,436$744,461$1,093,989
74$1,235,980$825,937$728,407$1,140,747
75$1,319,764$824,123$710,523$1,191,000
76$1,410,763$820,888$690,709$1,245,095
77$1,509,670$816,120$668,856$1,303,420
78$1,617,247$809,702$644,854$1,366,402
79$1,734,336$801,507$618,587$1,434,512
80$1,861,861$791,402$589,931$1,508,273
81$2,000,837$779,247$558,760$1,588,261
82$2,152,384$764,893$524,941$1,675,114
83$2,317,734$748,179$488,333$1,769,537
84$2,498,243$728,940$448,793$1,872,308
85$2,695,403$706,997$406,166$1,984,287
86$2,910,857$682,163$360,296$2,106,426
87$3,146,414$654,238$311,015$2,239,774
88$3,404,065$623,013$258,151$2,385,492
89$3,686,003$588,264$201,522$2,544,862
90$3,994,642$549,756$140,940$2,719,299
91$4,332,642$507,240$76,208$2,910,367
92$4,702,930$460,453$7,119$3,119,793
93$5,108,730$409,117$0$3,349,484
94$5,553,594$352,937$0$3,608,653
95$6,041,434$291,604$0$3,893,791
96$6,576,556$224,788$0$4,206,729
97$7,163,706$152,144$0$4,550,329
98$7,808,110$73,305$0$4,927,745
99$8,515,524$0$0$5,342,461
100$9,292,292$0$0$5,802,717