Can I retire at age 68 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$52,438$51,971$51,515$51,070$50,636$50,212
2 years$25,959$25,476$25,007$24,553$24,112$23,685
3 years$17,134$16,649$16,181$15,731$15,298$14,880
4 years$12,723$12,239$11,776$11,334$10,911$10,506
5 years$10,076$9,595$9,139$8,705$8,294$7,904
6 years$8,313$7,835$7,385$6,962$6,563$6,187
7 years$7,053$6,580$6,137$5,724$5,337$4,977
8 years$6,110$5,640$5,205$4,801$4,428$4,082
9 years$5,376$4,911$4,483$4,090$3,729$3,398
10 years$4,789$4,329$3,908$3,525$3,177$2,861
11 years$4,309$3,854$3,441$3,068$2,732$2,431
12 years$3,910$3,459$3,054$2,691$2,368$2,081
13 years$3,572$3,126$2,728$2,376$2,065$1,791
14 years$3,283$2,841$2,451$2,109$1,810$1,550
15 years$3,032$2,595$2,213$1,881$1,594$1,347
16 years$2,813$2,381$2,007$1,684$1,409$1,174
17 years$2,620$2,193$1,826$1,513$1,249$1,027
18 years$2,449$2,027$1,667$1,364$1,110$901
19 years$2,296$1,878$1,526$1,232$990$791
20 years$2,158$1,745$1,400$1,116$884$697
21 years$2,034$1,626$1,288$1,013$791$615
22 years$1,921$1,517$1,187$921$709$543
23 years$1,818$1,419$1,096$839$637$480
24 years$1,724$1,330$1,014$765$572$425
25 years$1,637$1,248$939$699$515$377
26 years$1,557$1,173$871$639$464$334
27 years$1,484$1,104$809$585$418$296
28 years$1,415$1,040$752$536$377$263
29 years$1,352$981$700$491$341$234
30 years$1,293$927$652$451$308$208
31 years$1,237$876$607$414$278$185
32 years$1,186$829$567$381$252$165
33 years$1,137$785$529$350$228$147
34 years$1,092$744$494$322$206$131
35 years$1,049$706$462$296$187$116
36 years$1,009$670$432$273$169$104
37 years$970$636$405$251$153$92
38 years$934$605$379$232$139$82
39 years$900$575$355$214$126$73
40 years$868$547$333$197$114$65
41 years$838$521$312$182$104$58
42 years$808$496$293$168$94$52
43 years$781$472$275$155$85$46
44 years$754$450$258$143$78$41
45 years$729$429$242$132$70$37
46 years$705$410$227$122$64$33
47 years$683$391$214$113$58$29
48 years$661$373$201$104$53$26
49 years$640$356$189$96$48$23
50 years$620$340$177$89$44$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $635,000, adding $4,110 every year, while hoping to spend $51,445 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: 49/38/13 Blend
67$635,000$635,000$635,000$635,000
68$704,009$670,354$660,512$735,802
69$721,081$648,465$627,902$736,216
70$738,170$623,778$592,475$730,969
71$755,224$596,104$554,084$724,117
72$772,182$565,238$512,571$715,527
73$788,978$530,968$467,775$705,056
74$805,535$493,067$419,527$692,548
75$821,768$451,295$367,649$677,839
76$837,579$405,400$311,956$660,751
77$852,861$355,113$252,256$641,093
78$867,492$300,152$188,345$618,659
79$881,335$240,219$120,014$593,230
80$894,240$174,999$47,043$564,567
81$906,036$104,157$0$532,416
82$916,533$27,342$0$500,779
83$925,521$0$0$472,325
84$932,763$0$0$463,578
85$937,999$0$0$465,142
86$940,936$0$0$465,425
87$941,253$0$0$464,252
88$938,588$0$0$461,427
89$932,543$0$0$456,733
90$922,675$0$0$449,930
91$908,494$0$0$440,751
92$889,455$0$0$428,901
93$864,955$0$0$414,053
94$834,327$0$0$395,845
95$796,831$0$0$373,875
96$751,648$0$0$347,701
97$697,873$0$0$316,831
98$634,505$0$0$280,723
99$560,434$0$0$238,777
100$474,436$0$0$190,329