Can I retire at age 68 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$63,999$63,429$62,873$62,330$61,800$61,154
2 years$31,683$31,093$30,521$29,966$29,428$28,778
3 years$20,912$20,319$19,749$19,200$18,671$18,036
4 years$15,528$14,937$14,372$13,832$13,316$12,702
5 years$12,298$11,711$11,153$10,624$10,123$9,531
6 years$10,145$9,563$9,014$8,496$8,010$7,441
7 years$8,609$8,031$7,490$6,985$6,514$5,969
8 years$7,456$6,884$6,352$5,860$5,404$4,882
9 years$6,561$5,994$5,471$4,991$4,551$4,052
10 years$5,845$5,283$4,770$4,303$3,878$3,402
11 years$5,259$4,703$4,199$3,745$3,335$2,881
12 years$4,772$4,221$3,727$3,284$2,890$2,458
13 years$4,359$3,815$3,330$2,900$2,520$2,110
14 years$4,006$3,468$2,992$2,574$2,209$1,819
15 years$3,701$3,168$2,701$2,296$1,945$1,576
16 years$3,434$2,906$2,449$2,055$1,719$1,369
17 years$3,198$2,677$2,229$1,847$1,524$1,193
18 years$2,989$2,473$2,034$1,664$1,355$1,043
19 years$2,802$2,292$1,862$1,504$1,208$913
20 years$2,634$2,130$1,709$1,362$1,079$801
21 years$2,482$1,984$1,572$1,236$966$704
22 years$2,344$1,852$1,449$1,124$866$619
23 years$2,219$1,732$1,338$1,024$777$545
24 years$2,104$1,623$1,237$934$698$481
25 years$1,998$1,523$1,146$853$628$425
26 years$1,901$1,431$1,063$780$566$375
27 years$1,811$1,347$987$714$510$332
28 years$1,727$1,269$917$654$460$293
29 years$1,650$1,198$854$600$416$260
30 years$1,578$1,131$795$550$376$230
31 years$1,510$1,069$741$505$340$204
32 years$1,447$1,012$692$464$307$181
33 years$1,388$958$646$427$278$160
34 years$1,332$908$603$393$252$142
35 years$1,280$861$564$362$228$126
36 years$1,231$817$528$333$207$112
37 years$1,184$776$494$307$187$99
38 years$1,140$738$463$283$170$88
39 years$1,099$702$433$261$154$78
40 years$1,060$667$406$241$140$69
41 years$1,022$635$381$222$127$62
42 years$987$605$357$205$115$55
43 years$953$577$335$189$104$49
44 years$921$550$315$175$95$43
45 years$890$524$296$161$86$38
46 years$861$500$278$149$78$34
47 years$833$477$261$138$71$30
48 years$807$455$245$127$64$27
49 years$781$435$230$118$58$24
50 years$757$415$217$109$53$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $775,000, adding $5,287 every year, while hoping to spend $25,068 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: 42/48/10 Blend
67$775,000$775,000$775,000$775,000
68$859,504$818,429$806,416$892,871
69$920,501$831,859$806,759$930,140
70$986,879$845,108$806,273$967,542
71$1,059,162$858,139$804,904$1,007,478
72$1,137,924$870,915$802,595$1,050,189
73$1,223,797$883,395$799,287$1,095,941
74$1,317,478$895,535$794,917$1,145,028
75$1,419,734$907,289$789,420$1,197,774
76$1,531,407$918,607$782,726$1,254,539
77$1,653,428$929,436$774,764$1,315,717
78$1,786,818$939,718$765,459$1,381,746
79$1,932,702$949,394$754,731$1,453,108
80$2,092,322$958,398$742,499$1,530,335
81$2,267,040$966,662$728,674$1,614,017
82$2,458,362$974,111$713,168$1,704,801
83$2,667,940$980,668$695,884$1,803,405
84$2,897,598$986,249$676,725$1,910,621
85$3,149,344$990,766$655,586$2,027,322
86$3,425,388$994,125$632,359$2,154,473
87$3,728,165$996,224$606,930$2,293,138
88$4,060,357$996,958$579,182$2,444,494
89$4,424,918$996,213$548,989$2,609,838
90$4,825,101$993,870$516,222$2,790,601
91$5,264,492$989,800$480,746$2,988,366
92$5,747,039$983,869$442,420$3,204,876
93$6,277,091$975,932$401,095$3,442,057
94$6,859,440$965,838$356,616$3,702,036
95$7,499,363$953,426$308,824$3,987,156
96$8,202,678$938,523$257,549$4,300,005
97$8,975,789$920,948$202,615$4,643,441
98$9,825,755$900,511$143,838$5,020,614
99$10,760,353$877,006$81,028$5,435,001
100$11,788,149$850,220$13,982$5,890,438