Can I retire at age 78 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$56,154$55,654$55,166$54,689$54,224$53,928
2 years$27,799$27,281$26,779$26,293$25,821$25,522
3 years$18,349$17,829$17,328$16,846$16,382$16,089
4 years$13,624$13,106$12,610$12,137$11,684$11,400
5 years$10,790$10,275$9,786$9,322$8,882$8,608
6 years$8,902$8,390$7,909$7,455$7,028$6,764
7 years$7,553$7,046$6,572$6,129$5,716$5,462
8 years$6,542$6,040$5,574$5,142$4,742$4,498
9 years$5,757$5,259$4,801$4,379$3,993$3,759
10 years$5,128$4,635$4,185$3,775$3,402$3,179
11 years$4,615$4,127$3,685$3,286$2,926$2,712
12 years$4,187$3,704$3,270$2,882$2,536$2,332
13 years$3,825$3,347$2,922$2,544$2,211$2,017
14 years$3,515$3,043$2,625$2,258$1,938$1,753
15 years$3,247$2,779$2,370$2,014$1,707$1,530
16 years$3,013$2,550$2,149$1,803$1,508$1,341
17 years$2,806$2,348$1,955$1,620$1,337$1,178
18 years$2,622$2,170$1,785$1,460$1,189$1,038
19 years$2,459$2,011$1,634$1,320$1,060$917
20 years$2,311$1,869$1,500$1,195$947$811
21 years$2,178$1,741$1,379$1,085$847$719
22 years$2,057$1,625$1,271$986$759$639
23 years$1,947$1,520$1,174$898$682$568
24 years$1,846$1,424$1,086$819$613$505
25 years$1,753$1,336$1,005$748$551$450
26 years$1,668$1,256$933$684$497$402
27 years$1,589$1,182$866$626$448$358
28 years$1,516$1,114$805$574$404$320
29 years$1,448$1,051$749$526$365$286
30 years$1,384$992$698$483$330$256
31 years$1,325$938$651$443$298$229
32 years$1,270$888$607$407$270$205
33 years$1,218$841$567$375$244$183
34 years$1,169$797$530$345$221$164
35 years$1,123$756$495$317$200$147
36 years$1,080$717$463$292$181$132
37 years$1,039$681$433$269$164$118
38 years$1,001$647$406$248$149$106
39 years$964$616$380$229$135$95
40 years$930$586$356$211$123$85
41 years$897$558$334$195$111$77
42 years$866$531$314$180$101$69
43 years$836$506$294$166$92$62
44 years$808$482$276$153$83$55
45 years$781$460$259$141$75$50
46 years$755$439$244$131$68$45
47 years$731$419$229$121$62$40
48 years$708$400$215$112$56$36
49 years$685$382$202$103$51$32
50 years$664$365$190$95$47$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $680,000, adding $3,221 every year, while hoping to spend $38,449 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: 34/38/28 Blend
77$680,000$680,000$680,000$680,000
78$752,682$716,642$706,102$771,807
79$788,547$710,849$688,847$780,714
80$826,780$703,482$669,726$786,650
81$867,585$694,425$648,634$792,308
82$911,180$683,554$625,465$797,690
83$957,807$670,735$600,105$802,801
84$1,007,732$655,830$572,437$807,650
85$1,061,244$638,689$542,338$812,251
86$1,118,663$619,156$509,677$816,625
87$1,180,337$597,065$474,322$820,796
88$1,246,650$572,240$436,130$824,798
89$1,318,023$544,495$394,956$828,672
90$1,394,920$513,633$350,645$832,469
91$1,477,847$479,446$303,037$836,250
92$1,567,363$441,715$251,964$840,087
93$1,664,081$400,206$197,252$844,067
94$1,768,675$354,674$138,718$848,293
95$1,881,886$304,859$76,171$852,882
96$2,004,528$250,487$9,412$857,973
97$2,137,495$191,266$0$863,727
98$2,281,774$126,892$0$888,799
99$2,438,446$57,041$0$919,130
100$2,608,702$0$0$952,214