Can I retire at age 68 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$53,346$52,871$52,407$51,955$51,513$50,933
2 years$26,409$25,917$25,440$24,978$24,530$23,946
3 years$17,431$16,937$16,462$16,004$15,563$14,993
4 years$12,943$12,451$11,980$11,530$11,100$10,548
5 years$10,251$9,761$9,297$8,856$8,438$7,907
6 years$8,457$7,971$7,513$7,082$6,676$6,166
7 years$7,176$6,694$6,244$5,823$5,430$4,941
8 years$6,215$5,738$5,295$4,885$4,504$4,036
9 years$5,469$4,996$4,561$4,161$3,793$3,346
10 years$4,872$4,404$3,976$3,586$3,232$2,806
11 years$4,384$3,920$3,500$3,121$2,780$2,373
12 years$3,977$3,519$3,107$2,738$2,409$2,022
13 years$3,634$3,180$2,775$2,417$2,101$1,733
14 years$3,340$2,890$2,494$2,146$1,841$1,493
15 years$3,085$2,640$2,252$1,913$1,621$1,291
16 years$2,862$2,423$2,041$1,713$1,433$1,120
17 years$2,666$2,231$1,858$1,539$1,271$975
18 years$2,491$2,062$1,696$1,387$1,130$851
19 years$2,336$1,911$1,552$1,254$1,007$744
20 years$2,196$1,775$1,425$1,135$899$652
21 years$2,069$1,654$1,310$1,030$805$572
22 years$1,954$1,544$1,208$937$721$502
23 years$1,849$1,444$1,115$853$648$442
24 years$1,754$1,353$1,031$778$582$389
25 years$1,665$1,270$955$711$524$343
26 years$1,584$1,193$886$650$472$302
27 years$1,509$1,123$823$595$425$267
28 years$1,440$1,058$765$545$384$236
29 years$1,375$998$712$500$347$208
30 years$1,315$943$663$459$313$184
31 years$1,259$891$618$421$283$163
32 years$1,206$843$577$387$256$144
33 years$1,157$799$538$356$232$128
34 years$1,111$757$503$328$210$113
35 years$1,067$718$470$302$190$100
36 years$1,026$681$440$278$172$89
37 years$987$647$412$256$156$78
38 years$951$615$386$236$142$70
39 years$916$585$361$217$128$62
40 years$883$556$339$201$116$55
41 years$852$530$318$185$106$48
42 years$822$504$298$171$96$43
43 years$794$481$279$158$87$38
44 years$768$458$262$146$79$34
45 years$742$437$246$134$72$30
46 years$718$417$231$124$65$27
47 years$694$398$217$115$59$24
48 years$672$380$204$106$54$21
49 years$651$363$192$98$49$19
50 years$631$346$181$91$44$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $646,000, adding $5,801 every year, while hoping to spend $55,901 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: 59/13/28 Blend
67$646,000$646,000$646,000$646,000
68$717,876$683,638$673,625$754,455
69$731,621$657,658$636,713$754,138
70$744,894$628,531$596,691$747,357
71$757,589$596,045$553,396$738,799
72$769,585$559,973$506,657$728,305
73$780,749$520,078$456,296$715,706
74$790,930$476,107$402,126$700,815
75$799,962$427,793$343,955$683,431
76$807,659$374,855$281,577$663,337
77$813,812$316,995$214,783$640,295
78$818,193$253,899$143,349$614,049
79$820,543$185,235$67,046$584,321
80$820,578$110,651$0$550,807
81$817,981$29,777$0$517,476
82$812,401$0$0$501,328
83$803,448$0$0$490,266
84$790,690$0$0$480,959
85$773,647$0$0$468,834
86$751,788$0$0$453,546
87$724,525$0$0$434,710
88$691,207$0$0$411,902
89$651,113$0$0$384,652
90$603,446$0$0$352,441
91$547,324$0$0$314,694
92$481,770$0$0$270,776
93$405,706$0$0$219,983
94$317,940$0$0$161,539
95$217,153$0$0$94,587
96$101,890$0$0$18,177
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0