Can I retire at age 68 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$63,586$63,019$62,467$61,928$61,401$60,963
2 years$31,478$30,892$30,324$29,773$29,239$28,797
3 years$20,777$20,188$19,621$19,076$18,550$18,118
4 years$15,427$14,840$14,279$13,743$13,230$12,812
5 years$12,219$11,635$11,081$10,556$10,057$9,654
6 years$10,080$9,501$8,955$8,442$7,958$7,569
7 years$8,553$7,979$7,442$6,940$6,472$6,099
8 years$7,408$6,839$6,311$5,822$5,369$5,011
9 years$6,519$5,955$5,436$4,959$4,522$4,179
10 years$5,807$5,249$4,739$4,275$3,853$3,525
11 years$5,225$4,673$4,172$3,720$3,313$3,000
12 years$4,741$4,194$3,703$3,263$2,871$2,573
13 years$4,331$3,790$3,308$2,881$2,504$2,219
14 years$3,981$3,445$2,972$2,557$2,195$1,924
15 years$3,677$3,147$2,684$2,281$1,933$1,675
16 years$3,411$2,888$2,433$2,042$1,708$1,464
17 years$3,177$2,659$2,214$1,835$1,514$1,283
18 years$2,970$2,457$2,021$1,654$1,347$1,127
19 years$2,784$2,277$1,850$1,494$1,200$993
20 years$2,617$2,116$1,698$1,353$1,072$876
21 years$2,466$1,971$1,562$1,228$959$774
22 years$2,329$1,840$1,440$1,117$860$685
23 years$2,204$1,721$1,329$1,017$772$607
24 years$2,090$1,612$1,229$928$694$539
25 years$1,985$1,513$1,139$847$624$479
26 years$1,888$1,422$1,056$775$562$426
27 years$1,799$1,338$981$709$507$379
28 years$1,716$1,261$912$650$457$337
29 years$1,639$1,190$848$596$413$300
30 years$1,567$1,124$790$547$373$268
31 years$1,500$1,062$737$502$337$239
32 years$1,438$1,005$687$461$305$213
33 years$1,379$952$642$424$276$190
34 years$1,324$902$600$390$250$170
35 years$1,272$856$561$359$227$152
36 years$1,223$812$524$331$205$135
37 years$1,177$771$491$305$186$121
38 years$1,133$733$460$281$169$108
39 years$1,092$697$431$259$153$97
40 years$1,053$663$404$239$139$86
41 years$1,016$631$378$221$126$77
42 years$980$601$355$204$114$69
43 years$947$573$333$188$104$62
44 years$915$546$313$173$94$55
45 years$884$521$294$160$85$49
46 years$855$497$276$148$78$44
47 years$828$474$259$137$70$40
48 years$801$453$243$126$64$35
49 years$776$432$229$117$58$32
50 years$752$413$215$108$53$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $770,000, adding $6,388 every year, while hoping to spend $45,350 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: 72/10/18 Blend
67$770,000$770,000$770,000$770,000
68$855,129$814,319$802,384$912,627
69$894,100$805,969$781,012$943,324
70$935,527$795,689$757,404$970,851
71$979,611$783,338$731,437$999,835
72$1,026,574$768,765$702,983$1,030,412
73$1,076,659$751,809$671,908$1,062,733
74$1,130,133$732,302$638,071$1,096,965
75$1,187,285$710,064$601,326$1,133,294
76$1,248,437$684,906$561,519$1,171,924
77$1,313,937$656,626$518,490$1,213,083
78$1,384,171$625,013$472,071$1,257,022
79$1,459,559$589,841$422,088$1,304,019
80$1,540,564$550,873$368,358$1,354,384
81$1,627,694$507,858$310,690$1,408,456
82$1,721,506$460,530$248,885$1,466,614
83$1,822,612$408,608$182,735$1,529,275
84$1,931,684$351,796$112,023$1,596,901
85$2,049,461$289,780$36,521$1,670,003
86$2,176,755$222,228$0$1,749,147
87$2,314,458$148,791$0$1,843,419
88$2,463,551$69,099$0$1,953,085
89$2,625,110$0$0$2,071,938
90$2,800,323$0$0$2,202,772
91$2,990,492$0$0$2,353,057
92$3,197,052$0$0$2,516,328
93$3,421,578$0$0$2,693,836
94$3,665,807$0$0$2,886,956
95$3,931,646$0$0$3,097,202
96$4,221,197$0$0$3,326,240
97$4,536,771$0$0$3,575,904
98$4,880,911$0$0$3,848,210
99$5,256,417$0$0$4,145,380
100$5,666,371$0$0$4,469,857