Can I retire at age 68 with 625,000?

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 $625,000?

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$51,612$51,152$50,704$50,266$49,838$49,566
2 years$25,550$25,075$24,613$24,166$23,733$23,458
3 years$16,864$16,387$15,927$15,484$15,057$14,788
4 years$12,522$12,046$11,590$11,155$10,739$10,478
5 years$9,918$9,444$8,995$8,568$8,163$7,911
6 years$8,182$7,712$7,269$6,852$6,459$6,217
7 years$6,942$6,476$6,041$5,633$5,253$5,020
8 years$6,013$5,551$5,123$4,726$4,358$4,134
9 years$5,291$4,834$4,412$4,025$3,670$3,455
10 years$4,714$4,261$3,847$3,470$3,127$2,922
11 years$4,241$3,793$3,387$3,020$2,689$2,493
12 years$3,848$3,404$3,006$2,649$2,331$2,143
13 years$3,516$3,076$2,685$2,338$2,032$1,853
14 years$3,231$2,796$2,413$2,076$1,782$1,611
15 years$2,984$2,555$2,178$1,851$1,569$1,406
16 years$2,769$2,344$1,975$1,658$1,386$1,232
17 years$2,579$2,159$1,797$1,489$1,229$1,083
18 years$2,410$1,995$1,641$1,342$1,093$954
19 years$2,260$1,849$1,502$1,213$974$843
20 years$2,124$1,718$1,378$1,098$870$746
21 years$2,002$1,600$1,268$997$779$661
22 years$1,891$1,494$1,168$906$698$587
23 years$1,789$1,397$1,079$825$627$522
24 years$1,697$1,309$998$753$563$464
25 years$1,611$1,228$924$688$507$414
26 years$1,533$1,154$857$629$456$369
27 years$1,460$1,086$796$575$412$329
28 years$1,393$1,024$740$527$371$294
29 years$1,330$966$689$483$335$263
30 years$1,272$912$641$444$303$235
31 years$1,218$862$598$408$274$210
32 years$1,167$816$558$375$248$188
33 years$1,119$773$521$344$224$169
34 years$1,074$732$487$317$203$151
35 years$1,032$695$455$292$184$135
36 years$993$659$426$269$167$121
37 years$955$626$398$248$151$109
38 years$920$595$373$228$137$97
39 years$886$566$350$210$124$87
40 years$854$538$328$194$113$78
41 years$824$512$307$179$102$70
42 years$796$488$288$165$93$63
43 years$768$465$270$153$84$57
44 years$743$443$254$141$76$51
45 years$718$423$238$130$69$46
46 years$694$403$224$120$63$41
47 years$672$385$210$111$57$37
48 years$650$367$198$103$52$33
49 years$630$351$186$95$47$30
50 years$610$335$175$88$43$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $625,000, adding $2,817 every year, while hoping to spend $56,082 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: 49/28/23 Blend
67$625,000$625,000$625,000$625,000
68$691,656$658,531$648,843$720,930
69$702,534$631,128$610,909$714,206
70$712,642$600,503$569,824$701,037
71$721,842$566,438$525,423$685,584
72$729,981$528,704$477,536$667,655
73$736,887$487,059$425,981$647,044
74$742,369$441,245$370,572$623,529
75$746,216$390,991$311,111$596,868
76$748,191$336,010$247,394$566,802
77$748,032$276,000$179,208$533,048
78$745,448$210,641$106,328$495,304
79$740,115$139,594$28,522$453,239
80$731,676$62,503$0$406,498
81$719,732$0$0$368,073
82$703,842$0$0$338,980
83$683,519$0$0$326,712
84$658,221$0$0$311,717
85$627,350$0$0$293,670
86$590,243$0$0$272,212
87$546,166$0$0$246,947
88$494,308$0$0$217,434
89$433,772$0$0$183,187
90$363,567$0$0$143,670
91$282,596$0$0$98,288
92$189,647$0$0$46,387
93$83,381$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0