Can I retire at age 68 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$64,164$63,592$63,035$62,491$61,959$60,217
2 years$31,764$31,173$30,599$30,044$29,504$27,763
3 years$20,966$20,372$19,800$19,249$18,719$17,032
4 years$15,568$14,975$14,409$13,868$13,350$11,731
5 years$12,330$11,741$11,182$10,652$10,149$8,602
6 years$10,172$9,587$9,037$8,518$8,030$6,557
7 years$8,631$8,051$7,510$7,003$6,531$5,131
8 years$7,476$6,902$6,369$5,875$5,418$4,091
9 years$6,578$6,009$5,485$5,004$4,563$3,307
10 years$5,860$5,297$4,782$4,314$3,888$2,702
11 years$5,273$4,715$4,210$3,754$3,344$2,226
12 years$4,784$4,232$3,737$3,293$2,897$1,846
13 years$4,371$3,825$3,338$2,907$2,527$1,539
14 years$4,017$3,477$3,000$2,581$2,215$1,288
15 years$3,710$3,176$2,708$2,301$1,950$1,082
16 years$3,442$2,914$2,455$2,061$1,723$912
17 years$3,206$2,684$2,234$1,852$1,528$770
18 years$2,997$2,480$2,040$1,669$1,359$651
19 years$2,809$2,298$1,867$1,508$1,211$552
20 years$2,641$2,136$1,714$1,366$1,082$469
21 years$2,489$1,989$1,576$1,239$968$398
22 years$2,350$1,857$1,453$1,127$868$339
23 years$2,224$1,737$1,341$1,026$779$288
24 years$2,109$1,627$1,240$936$700$246
25 years$2,003$1,527$1,149$855$630$209
26 years$1,906$1,435$1,066$782$567$179
27 years$1,815$1,351$989$715$512$152
28 years$1,732$1,273$920$655$462$130
29 years$1,654$1,201$856$601$417$111
30 years$1,582$1,134$797$552$377$95
31 years$1,514$1,072$743$507$341$81
32 years$1,451$1,014$694$466$308$69
33 years$1,391$960$648$428$279$59
34 years$1,336$910$605$394$252$51
35 years$1,283$863$566$363$229$43
36 years$1,234$820$529$334$207$37
37 years$1,187$778$495$308$188$32
38 years$1,143$740$464$284$170$27
39 years$1,102$703$435$262$154$23
40 years$1,062$669$407$241$140$20
41 years$1,025$637$382$223$127$17
42 years$989$607$358$205$115$14
43 years$955$578$336$190$105$12
44 years$923$551$316$175$95$11
45 years$892$525$296$162$86$9
46 years$863$501$278$149$78$8
47 years$835$478$261$138$71$7
48 years$809$457$246$127$65$6
49 years$783$436$231$118$59$5
50 years$759$417$217$109$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $777,000, adding $4,010 every year, while hoping to spend $45,820 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: 30/43/27 Blend
67$777,000$777,000$777,000$777,000
68$860,390$819,209$807,166$878,950
69$899,398$810,598$785,454$885,115
70$940,849$800,030$761,479$887,454
71$984,943$787,360$735,116$889,057
72$1,031,902$772,434$706,237$889,889
73$1,081,965$755,092$674,704$889,921
74$1,135,395$735,162$640,377$889,122
75$1,192,482$712,462$603,107$887,464
76$1,253,543$686,800$562,738$884,923
77$1,318,923$657,972$519,109$881,476
78$1,389,004$625,763$472,050$877,104
79$1,464,203$589,947$421,384$871,794
80$1,544,979$550,281$366,927$865,538
81$1,631,833$506,511$308,486$858,332
82$1,725,319$458,369$245,859$850,182
83$1,826,042$405,569$178,835$841,102
84$1,934,667$347,811$107,196$831,114
85$2,051,928$284,778$30,711$820,254
86$2,178,626$216,134$0$808,569
87$2,315,646$141,525$0$810,788
88$2,463,958$60,576$0$822,721
89$2,624,630$0$0$835,683
90$2,798,834$0$0$862,701
91$2,987,862$0$0$923,221
92$3,193,132$0$0$989,050
93$3,416,207$0$0$1,060,700
94$3,658,801$0$0$1,138,738
95$3,922,807$0$0$1,223,786
96$4,210,301$0$0$1,316,529
97$4,523,571$0$0$1,417,722
98$4,865,135$0$0$1,528,193
99$5,237,764$0$0$1,648,857
100$5,644,508$0$0$1,780,720