Can I retire at age 68 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$63,834$63,265$62,710$62,169$61,640$60,519
2 years$31,601$31,012$30,442$29,889$29,352$28,227
3 years$20,858$20,267$19,698$19,150$18,622$17,528
4 years$15,488$14,898$14,335$13,797$13,282$12,226
5 years$12,266$11,680$11,125$10,597$10,096$9,083
6 years$10,119$9,538$8,990$8,475$7,989$7,019
7 years$8,586$8,010$7,471$6,967$6,497$5,571
8 years$7,437$6,866$6,336$5,845$5,390$4,507
9 years$6,544$5,978$5,457$4,978$4,539$3,699
10 years$5,830$5,269$4,758$4,291$3,868$3,069
11 years$5,246$4,691$4,189$3,735$3,326$2,569
12 years$4,759$4,210$3,717$3,276$2,882$2,165
13 years$4,348$3,805$3,321$2,892$2,514$1,835
14 years$3,996$3,459$2,984$2,567$2,203$1,563
15 years$3,691$3,160$2,694$2,290$1,940$1,336
16 years$3,425$2,899$2,443$2,050$1,715$1,146
17 years$3,190$2,670$2,223$1,842$1,520$985
18 years$2,981$2,467$2,029$1,660$1,352$849
19 years$2,795$2,286$1,858$1,500$1,205$733
20 years$2,627$2,125$1,705$1,359$1,076$634
21 years$2,476$1,979$1,568$1,233$963$549
22 years$2,338$1,847$1,445$1,121$863$476
23 years$2,213$1,728$1,334$1,021$775$414
24 years$2,098$1,619$1,234$931$697$359
25 years$1,993$1,519$1,143$850$627$313
26 years$1,896$1,428$1,060$778$565$272
27 years$1,806$1,344$984$712$509$237
28 years$1,723$1,266$915$652$459$206
29 years$1,646$1,194$852$598$415$180
30 years$1,573$1,128$793$549$375$157
31 years$1,506$1,066$739$504$339$137
32 years$1,443$1,009$690$463$306$119
33 years$1,384$956$644$426$277$104
34 years$1,329$906$602$392$251$91
35 years$1,277$859$563$361$227$79
36 years$1,228$815$526$332$206$69
37 years$1,181$774$493$306$187$60
38 years$1,138$736$461$282$169$53
39 years$1,096$700$432$260$154$46
40 years$1,057$666$405$240$139$40
41 years$1,020$634$380$221$126$35
42 years$984$604$356$204$115$31
43 years$950$575$334$189$104$27
44 years$918$548$314$174$94$23
45 years$888$523$295$161$86$21
46 years$859$499$277$149$78$18
47 years$831$476$260$137$71$16
48 years$804$454$244$127$64$14
49 years$779$434$230$117$58$12
50 years$755$414$216$108$53$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $773,000, adding $4,054 every year, while hoping to spend $20,938 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: 53/25/22 Blend
67$773,000$773,000$773,000$773,000
68$856,028$815,059$803,077$896,008
69$921,065$832,719$807,702$941,626
70$992,034$850,542$811,781$988,730
71$1,069,518$868,515$815,272$1,039,545
72$1,154,158$886,623$818,133$1,094,435
73$1,246,662$904,847$820,321$1,153,796
74$1,347,807$923,169$821,787$1,218,068
75$1,458,449$941,570$822,482$1,287,733
76$1,579,531$960,028$822,356$1,363,327
77$1,712,092$978,518$821,353$1,445,436
78$1,857,275$997,015$819,418$1,534,708
79$2,016,338$1,015,490$816,490$1,631,858
80$2,190,669$1,033,913$812,507$1,737,675
81$2,381,795$1,052,253$807,404$1,853,025
82$2,591,397$1,070,472$801,111$1,978,868
83$2,821,329$1,088,535$793,557$2,116,259
84$3,073,631$1,106,399$784,667$2,266,361
85$3,350,549$1,124,021$774,362$2,430,459
86$3,654,561$1,141,353$762,559$2,609,967
87$3,988,393$1,158,347$749,171$2,806,445
88$4,355,050$1,174,946$734,109$3,021,613
89$4,757,840$1,191,094$717,277$3,257,368
90$5,200,410$1,206,728$698,577$3,515,800
91$5,686,777$1,221,782$677,903$3,799,213
92$6,221,364$1,236,186$655,149$4,110,151
93$6,809,047$1,249,863$630,201$4,451,413
94$7,455,197$1,262,733$602,939$4,826,088
95$8,165,730$1,274,710$573,241$5,237,583
96$8,947,166$1,285,702$540,976$5,689,651
97$9,806,687$1,295,611$506,009$6,186,430
98$10,752,207$1,304,334$468,198$6,732,484
99$11,792,444$1,311,759$427,395$7,332,843
100$12,937,007$1,317,769$383,446$7,993,050