Can I retire at age 68 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$64,247$63,674$63,116$62,571$62,039$61,725
2 years$31,805$31,213$30,639$30,082$29,542$29,226
3 years$20,993$20,398$19,825$19,274$18,743$18,434
4 years$15,588$14,995$14,428$13,886$13,368$13,068
5 years$12,346$11,756$11,197$10,666$10,162$9,872
6 years$10,185$9,600$9,048$8,529$8,041$7,761
7 years$8,642$8,062$7,519$7,012$6,539$6,271
8 years$7,485$6,910$6,377$5,883$5,425$5,167
9 years$6,586$6,017$5,492$5,011$4,569$4,321
10 years$5,867$5,303$4,788$4,319$3,893$3,656
11 years$5,280$4,721$4,216$3,759$3,348$3,121
12 years$4,790$4,238$3,741$3,297$2,901$2,685
13 years$4,376$3,830$3,343$2,911$2,530$2,324
14 years$4,022$3,481$3,003$2,584$2,218$2,021
15 years$3,715$3,180$2,712$2,304$1,953$1,766
16 years$3,447$2,918$2,458$2,063$1,726$1,548
17 years$3,210$2,687$2,237$1,854$1,530$1,361
18 years$3,000$2,483$2,042$1,671$1,361$1,200
19 years$2,813$2,301$1,870$1,510$1,213$1,061
20 years$2,644$2,138$1,716$1,367$1,083$940
21 years$2,492$1,992$1,578$1,241$969$834
22 years$2,353$1,859$1,455$1,128$869$741
23 years$2,227$1,739$1,343$1,028$780$659
24 years$2,112$1,629$1,242$937$701$587
25 years$2,006$1,529$1,150$856$631$523
26 years$1,908$1,437$1,067$783$568$467
27 years$1,818$1,352$991$716$512$417
28 years$1,734$1,274$921$656$462$373
29 years$1,656$1,202$857$602$417$334
30 years$1,584$1,135$798$552$377$298
31 years$1,516$1,073$744$507$341$267
32 years$1,453$1,016$694$466$308$239
33 years$1,393$962$648$429$279$215
34 years$1,338$911$606$394$253$192
35 years$1,285$865$566$363$229$172
36 years$1,236$821$530$334$207$155
37 years$1,189$779$496$308$188$139
38 years$1,145$741$464$284$170$125
39 years$1,103$704$435$262$155$112
40 years$1,064$670$408$242$140$100
41 years$1,026$638$382$223$127$90
42 years$991$607$359$206$115$81
43 years$957$579$337$190$105$73
44 years$924$552$316$175$95$65
45 years$894$526$297$162$86$59
46 years$864$502$279$150$78$53
47 years$836$479$262$138$71$47
48 years$810$457$246$128$65$43
49 years$784$437$231$118$59$38
50 years$760$417$217$109$53$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $778,000, adding $3,098 every year, while hoping to spend $33,598 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: 60/30/10 Blend
67$778,000$778,000$778,000$778,000
68$860,552$819,318$807,259$910,013
69$912,580$823,716$798,554$947,985
70$968,789$827,204$788,431$985,291
71$1,029,570$829,702$776,808$1,025,156
72$1,095,352$831,123$763,597$1,067,828
73$1,166,608$831,379$748,708$1,113,583
74$1,243,858$830,372$732,046$1,162,722
75$1,327,672$828,001$713,510$1,215,582
76$1,418,679$824,157$692,997$1,272,534
77$1,517,570$818,726$670,397$1,333,987
78$1,625,104$811,586$645,598$1,400,392
79$1,742,118$802,607$618,479$1,472,252
80$1,869,532$791,652$588,916$1,550,117
81$2,008,358$778,577$556,778$1,634,598
82$2,159,711$763,228$521,931$1,726,370
83$2,324,816$745,441$484,230$1,826,177
84$2,505,024$725,044$443,529$1,934,843
85$2,701,820$701,855$399,670$2,053,277
86$2,916,840$675,680$352,493$2,182,481
87$3,151,884$646,314$301,828$2,323,566
88$3,408,934$613,542$247,498$2,477,755
89$3,690,174$577,134$189,317$2,646,401
90$3,998,006$536,848$127,094$2,830,997
91$4,335,077$492,428$60,626$3,033,191
92$4,704,302$443,604$0$3,254,804
93$5,108,890$390,089$0$3,498,945
94$5,552,375$331,582$0$3,773,708
95$6,038,650$267,763$0$4,075,091
96$6,572,004$198,294$0$4,405,822
97$7,157,158$122,820$0$4,768,911
98$7,799,314$40,965$0$5,167,680
99$8,504,202$0$0$5,605,792
100$9,278,134$0$0$6,103,025