Can I retire at age 68 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$53,594$53,116$52,651$52,196$51,752$50,645
2 years$26,532$26,037$25,559$25,094$24,644$23,534
3 years$17,512$17,016$16,538$16,078$15,635$14,557
4 years$13,003$12,508$12,035$11,583$11,151$10,113
5 years$10,299$9,807$9,340$8,897$8,477$7,482
6 years$8,496$8,008$7,548$7,115$6,707$5,756
7 years$7,209$6,725$6,273$5,850$5,455$4,548
8 years$6,244$5,765$5,320$4,907$4,525$3,663
9 years$5,494$5,019$4,582$4,180$3,811$2,991
10 years$4,895$4,424$3,994$3,603$3,247$2,470
11 years$4,404$3,939$3,517$3,136$2,793$2,057
12 years$3,996$3,535$3,121$2,750$2,420$1,725
13 years$3,651$3,195$2,788$2,428$2,110$1,454
14 years$3,355$2,904$2,505$2,156$1,850$1,232
15 years$3,099$2,653$2,262$1,922$1,629$1,047
16 years$2,875$2,434$2,051$1,721$1,440$893
17 years$2,678$2,241$1,866$1,547$1,276$763
18 years$2,503$2,071$1,704$1,394$1,135$654
19 years$2,346$1,920$1,560$1,259$1,012$562
20 years$2,206$1,784$1,431$1,141$904$483
21 years$2,079$1,661$1,317$1,035$809$416
22 years$1,963$1,551$1,213$941$725$358
23 years$1,858$1,451$1,120$857$651$309
24 years$1,762$1,359$1,036$782$585$267
25 years$1,673$1,275$960$714$526$231
26 years$1,592$1,199$890$653$474$199
27 years$1,516$1,128$826$598$427$172
28 years$1,446$1,063$768$547$386$149
29 years$1,382$1,003$715$502$348$129
30 years$1,321$947$666$461$315$112
31 years$1,265$895$621$423$284$97
32 years$1,212$847$579$389$257$84
33 years$1,162$802$541$358$233$73
34 years$1,116$760$505$329$211$63
35 years$1,072$721$472$303$191$55
36 years$1,031$685$442$279$173$48
37 years$992$650$414$257$157$41
38 years$955$618$387$237$142$36
39 years$920$588$363$218$129$31
40 years$887$559$340$201$117$27
41 years$856$532$319$186$106$23
42 years$826$507$299$172$96$20
43 years$798$483$281$158$87$18
44 years$771$460$264$146$79$15
45 years$745$439$247$135$72$13
46 years$721$419$232$125$65$11
47 years$698$400$218$115$59$10
48 years$675$381$205$106$54$9
49 years$654$364$193$98$49$8
50 years$634$348$181$91$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $649,000, adding $3,785 every year, while hoping to spend $31,466 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: 54/23/23 Blend
67$649,000$649,000$649,000$649,000
68$719,102$684,705$674,646$753,200
69$758,971$684,776$663,767$777,124
70$801,852$683,796$651,469$799,560
71$848,019$681,680$637,671$823,324
72$897,773$678,338$622,289$848,551
73$951,444$673,675$605,234$875,397
74$1,009,396$667,590$586,414$904,029
75$1,072,027$659,975$565,732$934,638
76$1,139,777$650,716$543,087$967,432
77$1,213,126$639,694$518,372$1,002,643
78$1,292,606$626,780$491,479$1,040,532
79$1,378,799$611,839$462,290$1,081,383
80$1,472,345$594,727$430,685$1,125,516
81$1,573,949$575,294$396,538$1,173,283
82$1,684,387$553,379$359,718$1,225,076
83$1,804,511$528,811$320,085$1,281,328
84$1,935,260$501,412$277,497$1,342,520
85$2,077,666$470,990$231,802$1,409,186
86$2,232,865$437,346$182,845$1,481,916
87$2,402,108$400,267$130,461$1,561,363
88$2,586,771$359,527$74,479$1,648,252
89$2,788,368$314,890$14,720$1,743,385
90$3,008,567$266,105$0$1,847,649
91$3,249,203$212,907$0$1,974,064
92$3,512,298$155,016$0$2,116,318
93$3,800,076$92,136$0$2,272,045
94$4,114,988$23,954$0$2,442,630
95$4,459,731$0$0$2,629,596
96$4,837,275$0$0$2,847,246
97$5,250,893$0$0$3,092,395
98$5,704,186$0$0$3,361,123
99$6,201,123$0$0$3,655,791
100$6,746,073$0$0$3,978,997