Can I retire at age 68 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$54,502$54,017$53,543$53,081$52,629$51,212
2 years$26,981$26,479$25,992$25,520$25,062$23,643
3 years$17,809$17,304$16,818$16,351$15,900$14,526
4 years$13,224$12,720$12,239$11,780$11,340$10,020
5 years$10,473$9,973$9,498$9,048$8,621$7,359
6 years$8,640$8,144$7,676$7,236$6,821$5,619
7 years$7,331$6,839$6,379$5,949$5,547$4,404
8 years$6,350$5,862$5,410$4,990$4,602$3,518
9 years$5,587$5,104$4,659$4,251$3,876$2,849
10 years$4,977$4,499$4,062$3,664$3,302$2,332
11 years$4,479$4,005$3,576$3,189$2,840$1,925
12 years$4,064$3,595$3,174$2,797$2,461$1,599
13 years$3,713$3,249$2,836$2,469$2,146$1,336
14 years$3,412$2,953$2,548$2,192$1,881$1,121
15 years$3,152$2,698$2,300$1,955$1,656$943
16 years$2,924$2,475$2,086$1,750$1,464$797
17 years$2,723$2,279$1,898$1,573$1,298$674
18 years$2,545$2,106$1,732$1,417$1,154$572
19 years$2,386$1,952$1,586$1,281$1,029$486
20 years$2,243$1,814$1,456$1,160$919$413
21 years$2,114$1,690$1,339$1,053$822$352
22 years$1,996$1,577$1,234$957$737$300
23 years$1,889$1,475$1,139$872$662$256
24 years$1,792$1,382$1,054$795$595$219
25 years$1,702$1,297$976$726$535$187
26 years$1,619$1,219$905$664$482$160
27 years$1,542$1,147$840$608$435$137
28 years$1,471$1,081$781$557$392$117
29 years$1,405$1,020$727$511$354$100
30 years$1,343$963$677$469$320$86
31 years$1,286$910$631$430$289$73
32 years$1,232$861$589$395$262$63
33 years$1,182$816$550$364$237$54
34 years$1,135$773$514$335$214$46
35 years$1,090$733$480$308$194$40
36 years$1,048$696$449$284$176$34
37 years$1,009$661$421$261$159$29
38 years$971$628$394$241$145$25
39 years$936$597$369$222$131$21
40 years$902$568$346$205$119$18
41 years$871$541$324$189$108$16
42 years$840$515$304$174$98$13
43 years$812$491$286$161$89$12
44 years$784$468$268$149$81$10
45 years$758$446$252$137$73$8
46 years$733$426$236$127$66$7
47 years$710$406$222$117$60$6
48 years$687$388$209$108$55$5
49 years$665$370$196$100$50$5
50 years$644$354$184$93$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $660,000, adding $5,170 every year, while hoping to spend $31,660 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: 33/45/22 Blend
67$660,000$660,000$660,000$660,000
68$732,653$697,673$687,443$751,740
69$773,697$698,173$676,786$766,941
70$817,867$697,636$664,711$780,072
71$865,448$695,979$651,138$793,576
72$916,753$693,111$635,980$807,505
73$972,127$688,938$619,150$821,919
74$1,031,948$683,360$600,555$836,888
75$1,096,631$676,269$580,098$852,490
76$1,166,633$667,552$557,678$868,815
77$1,242,458$657,090$533,188$885,966
78$1,324,656$644,756$506,518$904,057
79$1,413,836$630,414$477,551$923,221
80$1,510,666$613,922$446,168$943,605
81$1,615,880$595,130$412,240$965,376
82$1,730,286$573,878$375,636$988,723
83$1,854,773$549,996$336,218$1,013,859
84$1,990,320$523,306$293,841$1,041,021
85$2,138,003$493,618$248,356$1,070,478
86$2,299,007$460,733$199,603$1,102,530
87$2,474,635$424,439$147,420$1,137,515
88$2,666,324$384,512$91,634$1,175,809
89$2,875,651$340,716$32,066$1,217,836
90$3,104,357$292,800$0$1,264,067
91$3,354,356$240,502$0$1,322,425
92$3,627,755$183,541$0$1,394,616
93$3,926,875$121,624$0$1,473,810
94$4,254,272$54,439$0$1,560,790
95$4,612,760$0$0$1,656,423
96$5,005,437$0$0$1,770,754
97$5,435,715$0$0$1,925,669
98$5,907,352$0$0$2,095,576
99$6,424,489$0$0$2,281,978
100$6,991,683$0$0$2,486,531