Can I retire at age 68 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$63,668$63,101$62,548$62,008$61,481$60,991
2 years$31,519$30,932$30,363$29,812$29,276$28,783
3 years$20,804$20,214$19,647$19,101$18,574$18,092
4 years$15,447$14,860$14,298$13,761$13,247$12,780
5 years$12,234$11,650$11,096$10,570$10,070$9,620
6 years$10,093$9,513$8,967$8,453$7,968$7,535
7 years$8,564$7,989$7,452$6,949$6,480$6,064
8 years$7,418$6,848$6,320$5,830$5,376$4,977
9 years$6,527$5,963$5,443$4,966$4,527$4,145
10 years$5,815$5,256$4,745$4,280$3,858$3,492
11 years$5,232$4,679$4,178$3,725$3,318$2,969
12 years$4,747$4,200$3,708$3,268$2,875$2,543
13 years$4,337$3,795$3,313$2,885$2,507$2,191
14 years$3,986$3,450$2,976$2,561$2,198$1,897
15 years$3,682$3,151$2,687$2,284$1,935$1,649
16 years$3,416$2,891$2,436$2,045$1,710$1,439
17 years$3,182$2,663$2,217$1,837$1,516$1,259
18 years$2,973$2,461$2,024$1,656$1,348$1,105
19 years$2,788$2,280$1,853$1,496$1,202$972
20 years$2,620$2,119$1,700$1,355$1,073$856
21 years$2,469$1,974$1,564$1,230$961$756
22 years$2,332$1,842$1,441$1,118$861$668
23 years$2,207$1,723$1,331$1,018$773$591
24 years$2,093$1,615$1,231$929$695$524
25 years$1,988$1,515$1,140$848$625$465
26 years$1,891$1,424$1,057$776$563$412
27 years$1,801$1,340$982$710$508$366
28 years$1,718$1,263$913$650$458$326
29 years$1,641$1,191$849$596$414$290
30 years$1,569$1,125$791$547$374$258
31 years$1,502$1,064$738$503$338$229
32 years$1,440$1,006$688$462$306$204
33 years$1,381$953$643$425$277$182
34 years$1,325$903$600$391$250$162
35 years$1,274$857$561$360$227$145
36 years$1,225$813$525$331$206$129
37 years$1,178$772$491$305$186$115
38 years$1,135$734$460$281$169$103
39 years$1,093$698$431$260$153$92
40 years$1,054$664$404$239$139$82
41 years$1,017$632$379$221$126$73
42 years$982$602$355$204$114$65
43 years$948$574$334$188$104$58
44 years$916$547$313$174$94$52
45 years$886$521$294$160$86$46
46 years$857$497$276$148$78$41
47 years$829$475$259$137$71$37
48 years$802$453$244$127$64$33
49 years$777$433$229$117$58$30
50 years$753$413$215$108$53$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $771,000, adding $4,231 every year, while hoping to spend $47,337 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: 57/19/24 Blend
67$771,000$771,000$771,000$771,000
68$854,006$813,143$801,193$896,901
69$890,749$802,621$777,667$916,180
70$929,652$789,997$751,766$931,796
71$970,888$775,117$723,361$947,810
72$1,014,641$757,821$692,316$964,273
73$1,061,116$737,936$658,490$981,243
74$1,110,535$715,280$621,735$998,789
75$1,163,142$689,661$581,895$1,016,986
76$1,219,204$660,876$538,811$1,035,921
77$1,279,014$628,710$492,311$1,055,693
78$1,342,890$592,934$442,221$1,076,415
79$1,411,185$553,307$388,355$1,098,214
80$1,484,282$509,576$330,521$1,121,231
81$1,562,604$461,470$268,519$1,145,629
82$1,646,612$408,704$202,137$1,171,590
83$1,736,815$350,980$131,157$1,199,318
84$1,833,770$287,977$55,350$1,229,044
85$1,938,087$219,361$0$1,261,025
86$2,050,439$144,777$0$1,302,094
87$2,171,563$63,850$0$1,361,584
88$2,302,269$0$0$1,425,734
89$2,443,447$0$0$1,500,001
90$2,596,075$0$0$1,594,776
91$2,761,228$0$0$1,697,383
92$2,940,088$0$0$1,808,565
93$3,133,954$0$0$1,929,136
94$3,344,255$0$0$2,059,992
95$3,572,561$0$0$2,202,120
96$3,820,601$0$0$2,356,602
97$4,090,275$0$0$2,524,632
98$4,383,676$0$0$2,707,523
99$4,703,103$0$0$2,906,718
100$5,051,090$0$0$3,123,806