Can I retire at age 68 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$54,089$53,607$53,137$52,679$52,231$51,989
2 years$26,777$26,278$25,795$25,326$24,872$24,628
3 years$17,674$17,173$16,691$16,227$15,780$15,541
4 years$13,123$12,624$12,147$11,690$11,254$11,022
5 years$10,394$9,897$9,426$8,979$8,555$8,331
6 years$8,575$8,082$7,618$7,181$6,769$6,554
7 years$7,276$6,787$6,331$5,904$5,505$5,298
8 years$6,302$5,818$5,369$4,953$4,567$4,368
9 years$5,545$5,066$4,624$4,218$3,846$3,655
10 years$4,940$4,465$4,031$3,636$3,277$3,094
11 years$4,445$3,975$3,549$3,165$2,819$2,643
12 years$4,033$3,568$3,150$2,776$2,442$2,275
13 years$3,684$3,224$2,814$2,451$2,130$1,970
14 years$3,386$2,931$2,529$2,175$1,867$1,715
15 years$3,128$2,677$2,283$1,940$1,644$1,499
16 years$2,902$2,456$2,070$1,737$1,453$1,315
17 years$2,703$2,262$1,883$1,561$1,288$1,157
18 years$2,526$2,090$1,719$1,407$1,145$1,021
19 years$2,368$1,937$1,574$1,271$1,021$903
20 years$2,226$1,800$1,445$1,151$912$801
21 years$2,098$1,677$1,329$1,045$816$711
22 years$1,981$1,565$1,225$950$731$632
23 years$1,875$1,464$1,131$865$657$563
24 years$1,778$1,372$1,046$789$590$502
25 years$1,689$1,287$969$721$531$448
26 years$1,606$1,210$898$659$478$400
27 years$1,530$1,139$834$603$431$357
28 years$1,460$1,073$775$553$389$320
29 years$1,394$1,012$722$507$351$286
30 years$1,333$956$672$465$318$256
31 years$1,276$904$627$427$287$230
32 years$1,223$855$585$392$260$206
33 years$1,173$810$546$361$235$185
34 years$1,126$767$510$332$213$166
35 years$1,082$728$477$306$193$149
36 years$1,040$691$446$282$175$133
37 years$1,001$656$418$259$158$120
38 years$964$624$391$239$143$108
39 years$929$593$366$220$130$97
40 years$895$564$343$203$118$87
41 years$864$537$322$188$107$78
42 years$834$511$302$173$97$70
43 years$805$487$283$160$88$63
44 years$778$464$266$148$80$57
45 years$752$443$250$136$73$51
46 years$728$423$235$126$66$46
47 years$704$403$220$116$60$41
48 years$682$385$207$107$54$37
49 years$660$368$195$99$49$33
50 years$640$351$183$92$45$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $655,000, adding $3,647 every year, while hoping to spend $35,089 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: 70/16/14 Blend
67$655,000$655,000$655,000$655,000
68$725,572$690,857$680,704$773,835
69$762,246$687,374$666,174$802,887
70$801,484$682,545$649,980$830,101
71$843,512$676,267$632,031$858,972
72$888,576$668,429$612,229$889,659
73$936,945$658,916$590,473$922,335
74$988,916$647,606$566,657$957,193
75$1,044,816$634,369$540,670$994,447
76$1,105,000$619,066$512,395$1,034,333
77$1,169,862$601,552$481,713$1,077,111
78$1,239,833$581,673$448,495$1,123,070
79$1,315,386$559,265$412,610$1,172,529
80$1,397,042$534,156$373,919$1,225,841
81$1,485,372$506,162$332,277$1,283,394
82$1,581,006$475,090$287,535$1,345,620
83$1,684,635$440,735$239,533$1,412,996
84$1,797,018$402,882$188,108$1,486,047
85$1,918,992$361,301$133,087$1,565,354
86$2,051,476$315,751$74,292$1,651,562
87$2,195,480$265,976$11,535$1,745,380
88$2,352,117$211,708$0$1,847,592
89$2,522,612$152,660$0$1,967,347
90$2,708,310$88,532$0$2,099,699
91$2,910,694$19,006$0$2,244,011
92$3,131,394$0$0$2,401,486
93$3,372,205$0$0$2,583,353
94$3,635,104$0$0$2,785,587
95$3,922,264$0$0$3,006,519
96$4,236,082$0$0$3,247,996
97$4,579,191$0$0$3,512,049
98$4,954,495$0$0$3,800,918
99$5,365,189$0$0$4,117,067
100$5,814,792$0$0$4,463,209