Can I retire at age 68 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$63,503$62,938$62,386$61,847$61,321$60,034
2 years$31,437$30,852$30,284$29,734$29,201$27,910
3 years$20,750$20,162$19,596$19,051$18,526$17,272
4 years$15,407$14,821$14,261$13,725$13,213$12,005
5 years$12,203$11,620$11,067$10,542$10,044$8,886
6 years$10,067$9,489$8,944$8,431$7,948$6,841
7 years$8,542$7,969$7,432$6,931$6,464$5,408
8 years$7,399$6,830$6,303$5,815$5,362$4,357
9 years$6,510$5,947$5,429$4,953$4,516$3,561
10 years$5,800$5,242$4,733$4,269$3,848$2,942
11 years$5,219$4,667$4,167$3,716$3,309$2,452
12 years$4,735$4,189$3,698$3,259$2,868$2,057
13 years$4,326$3,785$3,304$2,877$2,501$1,736
14 years$3,975$3,441$2,969$2,554$2,192$1,471
15 years$3,672$3,143$2,680$2,278$1,930$1,251
16 years$3,407$2,884$2,430$2,040$1,706$1,068
17 years$3,173$2,656$2,211$1,832$1,512$914
18 years$2,966$2,454$2,019$1,651$1,345$783
19 years$2,780$2,274$1,848$1,492$1,199$673
20 years$2,614$2,114$1,696$1,351$1,071$579
21 years$2,463$1,969$1,560$1,227$958$499
22 years$2,326$1,838$1,438$1,115$859$430
23 years$2,202$1,719$1,327$1,016$771$372
24 years$2,087$1,610$1,228$926$693$321
25 years$1,983$1,511$1,137$846$624$278
26 years$1,886$1,420$1,055$774$562$240
27 years$1,797$1,337$979$708$506$208
28 years$1,714$1,260$910$649$457$180
29 years$1,637$1,188$847$595$413$156
30 years$1,565$1,122$789$546$373$135
31 years$1,498$1,061$736$501$337$117
32 years$1,436$1,004$686$461$305$102
33 years$1,377$951$641$424$276$88
34 years$1,322$901$599$390$250$77
35 years$1,270$855$560$359$226$67
36 years$1,221$811$524$331$205$58
37 years$1,175$770$490$305$186$50
38 years$1,132$732$459$281$168$44
39 years$1,090$696$430$259$153$38
40 years$1,051$662$403$239$139$33
41 years$1,014$630$378$220$126$28
42 years$979$600$355$203$114$25
43 years$946$572$333$188$104$21
44 years$914$545$312$173$94$19
45 years$883$520$293$160$85$16
46 years$854$496$275$148$77$14
47 years$827$473$259$137$70$12
48 years$800$452$243$126$64$11
49 years$775$432$229$117$58$9
50 years$751$412$215$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $769,000, adding $4,198 every year, while hoping to spend $37,284 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: 48/43/9 Blend
67$769,000$769,000$769,000$769,000
68$851,768$811,011$799,092$890,385
69$898,979$811,081$786,191$917,403
70$949,755$809,904$771,609$942,466
71$1,004,422$807,381$755,250$968,817
72$1,063,335$803,405$737,013$996,587
73$1,126,885$797,862$716,793$1,025,922
74$1,195,503$790,633$694,482$1,056,985
75$1,269,661$781,591$669,963$1,089,959
76$1,349,878$770,601$643,119$1,125,046
77$1,436,725$757,519$613,822$1,162,472
78$1,530,828$742,195$581,943$1,202,489
79$1,632,878$724,468$547,343$1,245,375
80$1,743,633$704,168$509,881$1,291,444
81$1,863,928$681,116$469,405$1,341,040
82$1,994,679$655,122$425,761$1,394,550
83$2,136,897$625,984$378,785$1,452,401
84$2,291,692$593,488$328,306$1,515,070
85$2,460,287$557,411$274,146$1,583,084
86$2,644,026$517,514$216,119$1,657,030
87$2,844,388$473,544$154,032$1,737,561
88$3,063,005$425,236$87,680$1,825,397
89$3,301,667$372,309$16,853$1,921,343
90$3,562,349$314,464$0$2,026,286
91$3,847,224$251,388$0$2,146,854
92$4,158,684$182,749$0$2,280,594
93$4,499,363$108,197$0$2,427,120
94$4,872,161$27,361$0$2,587,800
95$5,280,270$0$0$2,764,146
96$5,727,208$0$0$2,986,294
97$6,216,847$0$0$3,243,933
98$6,753,451$0$0$3,526,372
99$7,341,717$0$0$3,836,095
100$7,986,818$0$0$4,175,834