Can I retire at age 68 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$51,777$51,316$50,866$50,427$49,998$49,683
2 years$25,632$25,155$24,692$24,244$23,809$23,491
3 years$16,918$16,439$15,977$15,533$15,105$14,794
4 years$12,562$12,084$11,628$11,191$10,773$10,472
5 years$9,949$9,474$9,023$8,596$8,190$7,899
6 years$8,208$7,736$7,292$6,874$6,480$6,200
7 years$6,965$6,497$6,060$5,651$5,270$5,001
8 years$6,033$5,569$5,139$4,741$4,372$4,114
9 years$5,308$4,849$4,426$4,038$3,682$3,434
10 years$4,729$4,274$3,859$3,481$3,137$2,900
11 years$4,255$3,805$3,397$3,029$2,698$2,472
12 years$3,860$3,415$3,015$2,657$2,338$2,122
13 years$3,527$3,086$2,694$2,346$2,039$1,833
14 years$3,241$2,805$2,420$2,082$1,787$1,591
15 years$2,994$2,563$2,185$1,857$1,574$1,387
16 years$2,778$2,351$1,981$1,663$1,391$1,214
17 years$2,587$2,165$1,803$1,494$1,233$1,065
18 years$2,418$2,001$1,646$1,346$1,096$937
19 years$2,267$1,854$1,507$1,217$977$827
20 years$2,131$1,723$1,383$1,102$873$731
21 years$2,008$1,605$1,272$1,000$781$647
22 years$1,897$1,498$1,172$909$700$573
23 years$1,795$1,401$1,082$828$629$509
24 years$1,702$1,313$1,001$755$565$452
25 years$1,617$1,232$927$690$508$402
26 years$1,538$1,158$860$631$458$358
27 years$1,465$1,090$798$577$413$319
28 years$1,397$1,027$742$529$373$285
29 years$1,335$969$691$485$336$254
30 years$1,276$915$643$445$304$227
31 years$1,222$865$600$409$275$203
32 years$1,171$818$560$376$249$181
33 years$1,123$775$523$346$225$162
34 years$1,078$735$488$318$204$145
35 years$1,036$697$456$293$184$129
36 years$996$661$427$270$167$116
37 years$958$628$400$248$151$104
38 years$923$597$374$229$137$93
39 years$889$568$351$211$125$83
40 years$857$540$329$195$113$74
41 years$827$514$308$180$102$67
42 years$798$490$289$166$93$60
43 years$771$466$271$153$84$53
44 years$745$445$255$141$77$48
45 years$720$424$239$130$70$43
46 years$697$404$225$121$63$38
47 years$674$386$211$111$57$34
48 years$652$368$198$103$52$31
49 years$632$352$186$95$47$28
50 years$612$336$175$88$43$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $627,000, adding $4,293 every year, while hoping to spend $22,062 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: 51/21/28 Blend
67$627,000$627,000$627,000$627,000
68$695,382$662,151$652,433$725,168
69$742,837$671,123$650,815$755,347
70$794,394$679,795$648,405$785,588
71$850,446$688,129$645,150$818,039
72$911,429$696,084$641,000$852,921
73$977,820$703,618$635,899$890,476
74$1,050,146$710,684$629,791$930,974
75$1,128,987$717,233$622,614$974,711
76$1,214,978$723,212$614,306$1,022,017
77$1,308,822$728,565$604,801$1,073,254
78$1,411,290$733,233$594,030$1,128,822
79$1,523,232$737,152$581,921$1,189,165
80$1,645,584$740,255$568,398$1,254,772
81$1,779,376$742,470$553,381$1,326,183
82$1,925,742$743,721$536,789$1,403,994
83$2,085,931$743,926$518,535$1,488,866
84$2,261,317$743,000$498,527$1,581,524
85$2,453,415$740,851$476,672$1,682,774
86$2,663,893$737,382$452,870$1,793,502
87$2,894,587$732,491$427,018$1,914,688
88$3,147,520$726,067$399,008$2,047,413
89$3,424,918$717,996$368,726$2,192,871
90$3,729,237$708,155$336,055$2,352,380
91$4,063,177$696,413$300,871$2,527,395
92$4,429,717$682,633$263,046$2,719,521
93$4,832,135$666,668$222,445$2,930,530
94$5,274,042$648,365$178,927$3,162,378
95$5,759,419$627,560$132,345$3,417,221
96$6,292,648$604,078$82,547$3,697,442
97$6,878,559$577,738$29,373$4,005,668
98$7,522,470$548,345$0$4,344,797
99$8,230,242$515,695$0$4,726,206
100$9,008,332$479,569$0$5,155,142