Can I retire at age 68 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$63,916$63,347$62,791$62,249$61,720$60,573
2 years$31,642$31,052$30,481$29,928$29,390$28,239
3 years$20,885$20,293$19,723$19,175$18,646$17,527
4 years$15,508$14,918$14,354$13,814$13,299$12,219
5 years$12,282$11,696$11,139$10,611$10,110$9,073
6 years$10,132$9,550$9,002$8,486$7,999$7,008
7 years$8,597$8,020$7,481$6,976$6,506$5,559
8 years$7,447$6,875$6,344$5,852$5,397$4,494
9 years$6,552$5,986$5,464$4,985$4,545$3,686
10 years$5,837$5,276$4,764$4,297$3,873$3,057
11 years$5,253$4,697$4,194$3,740$3,331$2,557
12 years$4,766$4,216$3,722$3,280$2,886$2,154
13 years$4,354$3,810$3,325$2,896$2,517$1,825
14 years$4,001$3,463$2,988$2,571$2,206$1,553
15 years$3,696$3,164$2,698$2,293$1,943$1,326
16 years$3,429$2,903$2,446$2,053$1,717$1,137
17 years$3,194$2,673$2,226$1,844$1,522$977
18 years$2,985$2,470$2,032$1,662$1,354$841
19 years$2,798$2,289$1,860$1,502$1,206$726
20 years$2,631$2,127$1,707$1,360$1,078$627
21 years$2,479$1,981$1,570$1,235$964$543
22 years$2,341$1,850$1,447$1,122$864$471
23 years$2,216$1,730$1,336$1,022$776$408
24 years$2,101$1,621$1,236$932$697$354
25 years$1,995$1,521$1,144$851$628$308
26 years$1,898$1,430$1,061$779$565$268
27 years$1,808$1,345$986$713$510$233
28 years$1,725$1,268$916$653$460$203
29 years$1,648$1,196$853$599$415$177
30 years$1,576$1,129$794$550$375$154
31 years$1,508$1,068$740$505$339$134
32 years$1,445$1,010$691$464$307$117
33 years$1,386$957$645$427$278$102
34 years$1,331$907$603$392$251$89
35 years$1,278$860$563$361$228$77
36 years$1,229$816$527$333$206$68
37 years$1,183$775$493$307$187$59
38 years$1,139$737$462$283$170$51
39 years$1,098$701$433$261$154$45
40 years$1,058$667$406$240$139$39
41 years$1,021$635$380$222$127$34
42 years$985$604$357$205$115$30
43 years$952$576$335$189$104$26
44 years$920$549$314$174$95$23
45 years$889$523$295$161$86$20
46 years$860$499$277$149$78$17
47 years$832$476$260$137$71$15
48 years$805$455$245$127$64$13
49 years$780$434$230$117$58$12
50 years$756$415$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 $774,000, adding $2,121 every year, while hoping to spend $29,017 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: 68/9/23 Blend
67$774,000$774,000$774,000$774,000
68$855,136$814,114$802,117$908,154
69$911,486$823,132$798,114$952,974
70$972,611$831,619$793,004$998,445
71$1,038,968$839,518$786,720$1,047,504
72$1,111,058$846,770$779,191$1,100,504
73$1,189,434$853,311$770,342$1,157,838
74$1,274,704$859,070$760,096$1,219,933
75$1,367,536$863,976$748,371$1,287,266
76$1,468,664$867,951$735,082$1,360,360
77$1,578,900$870,913$720,139$1,439,792
78$1,699,134$872,773$703,449$1,526,200
79$1,830,345$873,439$684,915$1,620,286
80$1,973,614$872,811$664,433$1,722,827
81$2,130,128$870,785$641,897$1,834,676
82$2,301,196$867,248$617,196$1,956,776
83$2,488,258$862,082$590,211$2,090,169
84$2,692,898$855,162$560,821$2,236,001
85$2,916,863$846,355$528,898$2,395,538
86$3,162,075$835,518$494,308$2,570,175
87$3,430,651$822,503$456,912$2,761,451
88$3,724,922$807,150$416,563$2,971,064
89$4,047,456$789,292$373,110$3,200,886
90$4,401,079$768,751$326,392$3,452,980
91$4,788,907$745,337$276,244$3,729,624
92$5,214,370$718,853$222,492$4,033,328
93$5,681,244$689,086$164,954$4,366,859
94$6,193,693$655,813$103,442$4,733,272
95$6,756,300$618,798$37,758$5,135,931
96$7,374,115$577,791$0$5,578,548
97$8,052,699$532,528$0$6,073,152
98$8,798,182$482,729$0$6,626,724
99$9,617,314$428,100$0$7,235,017
100$10,517,531$368,328$0$7,903,575