Can I retire at age 68 with 777,000?

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 $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%12.8%
1 years$64,164$63,592$63,035$62,491$61,959$61,236
2 years$31,764$31,173$30,599$30,044$29,504$28,776
3 years$20,966$20,372$19,800$19,249$18,719$18,008
4 years$15,568$14,975$14,409$13,868$13,350$12,663
5 years$12,330$11,741$11,182$10,652$10,149$9,487
6 years$10,172$9,587$9,037$8,518$8,030$7,395
7 years$8,631$8,051$7,510$7,003$6,531$5,922
8 years$7,476$6,902$6,369$5,875$5,418$4,835
9 years$6,578$6,009$5,485$5,004$4,563$4,006
10 years$5,860$5,297$4,782$4,314$3,888$3,357
11 years$5,273$4,715$4,210$3,754$3,344$2,838
12 years$4,784$4,232$3,737$3,293$2,897$2,417
13 years$4,371$3,825$3,338$2,907$2,527$2,070
14 years$4,017$3,477$3,000$2,581$2,215$1,782
15 years$3,710$3,176$2,708$2,301$1,950$1,540
16 years$3,442$2,914$2,455$2,061$1,723$1,335
17 years$3,206$2,684$2,234$1,852$1,528$1,161
18 years$2,997$2,480$2,040$1,669$1,359$1,013
19 years$2,809$2,298$1,867$1,508$1,211$885
20 years$2,641$2,136$1,714$1,366$1,082$774
21 years$2,489$1,989$1,576$1,239$968$679
22 years$2,350$1,857$1,453$1,127$868$596
23 years$2,224$1,737$1,341$1,026$779$524
24 years$2,109$1,627$1,240$936$700$461
25 years$2,003$1,527$1,149$855$630$406
26 years$1,906$1,435$1,066$782$567$358
27 years$1,815$1,351$989$715$512$316
28 years$1,732$1,273$920$655$462$278
29 years$1,654$1,201$856$601$417$246
30 years$1,582$1,134$797$552$377$217
31 years$1,514$1,072$743$507$341$192
32 years$1,451$1,014$694$466$308$170
33 years$1,391$960$648$428$279$150
34 years$1,336$910$605$394$252$133
35 years$1,283$863$566$363$229$117
36 years$1,234$820$529$334$207$104
37 years$1,187$778$495$308$188$92
38 years$1,143$740$464$284$170$81
39 years$1,102$703$435$262$154$72
40 years$1,062$669$407$241$140$64
41 years$1,025$637$382$223$127$57
42 years$989$607$358$205$115$50
43 years$955$578$336$190$105$44
44 years$923$551$316$175$95$39
45 years$892$525$296$162$86$35
46 years$863$501$278$149$78$31
47 years$835$478$261$138$71$27
48 years$809$457$246$127$65$24
49 years$783$436$231$118$59$21
50 years$759$417$217$109$53$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $777,000, adding $3,495 every year, while hoping to spend $30,129 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: 64/18/18 Blend
67$777,000$777,000$777,000$777,000
68$859,859$818,678$806,635$910,794
69$915,508$826,736$801,600$953,484
70$975,823$834,180$795,387$996,353
71$1,041,248$840,946$787,924$1,042,469
72$1,112,273$846,969$779,136$1,092,150
73$1,189,433$852,180$768,946$1,145,747
74$1,273,321$856,502$757,272$1,203,648
75$1,364,587$859,858$744,027$1,266,279
76$1,463,945$862,161$729,122$1,334,114
77$1,572,183$863,322$712,463$1,407,673
78$1,690,167$863,247$693,952$1,487,531
79$1,818,850$861,832$673,486$1,574,321
80$1,959,282$858,971$650,957$1,668,744
81$2,112,618$854,550$626,253$1,771,573
82$2,280,130$848,447$599,257$1,883,658
83$2,463,216$840,534$569,845$2,005,940
84$2,663,418$830,674$537,889$2,139,457
85$2,882,432$818,723$503,254$2,285,353
86$3,122,128$804,528$465,801$2,444,890
87$3,384,561$787,927$425,382$2,619,463
88$3,671,999$768,747$381,844$2,810,607
89$3,986,934$746,807$335,027$3,020,018
90$4,332,115$721,915$284,764$3,249,568
91$4,710,568$693,865$230,881$3,501,318
92$5,125,625$662,444$173,195$3,777,545
93$5,580,957$627,422$111,515$4,080,760
94$6,080,608$588,559$45,644$4,413,732
95$6,629,030$545,598$0$4,779,514
96$7,231,130$498,271$0$5,186,212
97$7,892,311$446,292$0$5,642,468
98$8,618,525$389,360$0$6,143,647
99$9,416,332$327,155$0$6,694,316
100$10,292,954$259,342$0$7,299,505