Can I retire at age 68 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$55,080$54,590$54,111$53,644$53,188$51,986
2 years$27,267$26,760$26,267$25,790$25,327$24,124
3 years$17,998$17,488$16,997$16,524$16,069$14,900
4 years$13,364$12,855$12,369$11,905$11,460$10,336
5 years$10,584$10,079$9,599$9,144$8,712$7,634
6 years$8,732$8,230$7,757$7,312$6,893$5,864
7 years$7,409$6,912$6,447$6,012$5,606$4,626
8 years$6,417$5,924$5,467$5,043$4,651$3,718
9 years$5,647$5,158$4,709$4,296$3,917$3,032
10 years$5,030$4,547$4,105$3,703$3,337$2,499
11 years$4,526$4,048$3,614$3,223$2,870$2,077
12 years$4,107$3,633$3,208$2,827$2,487$1,738
13 years$3,752$3,283$2,866$2,496$2,169$1,462
14 years$3,448$2,984$2,575$2,215$1,901$1,236
15 years$3,185$2,726$2,325$1,976$1,674$1,049
16 years$2,955$2,501$2,108$1,769$1,479$892
17 years$2,752$2,304$1,918$1,589$1,312$761
18 years$2,572$2,129$1,751$1,432$1,166$651
19 years$2,412$1,973$1,603$1,294$1,040$557
20 years$2,267$1,833$1,471$1,172$929$478
21 years$2,136$1,708$1,353$1,064$831$411
22 years$2,018$1,594$1,247$967$745$353
23 years$1,910$1,491$1,151$881$669$304
24 years$1,811$1,397$1,065$803$601$262
25 years$1,720$1,311$986$734$541$226
26 years$1,636$1,232$915$671$487$195
27 years$1,558$1,159$849$614$439$168
28 years$1,487$1,093$790$563$396$145
29 years$1,420$1,031$735$516$358$125
30 years$1,358$973$684$474$323$108
31 years$1,300$920$638$435$292$94
32 years$1,245$871$595$400$264$81
33 years$1,194$824$556$368$239$70
34 years$1,147$781$519$338$217$60
35 years$1,102$741$486$311$196$52
36 years$1,059$703$454$287$178$45
37 years$1,019$668$425$264$161$39
38 years$982$635$398$243$146$34
39 years$946$604$373$225$132$29
40 years$912$574$350$207$120$25
41 years$880$547$328$191$109$22
42 years$849$521$308$176$99$19
43 years$820$496$289$163$90$16
44 years$792$473$271$150$81$14
45 years$766$451$254$139$74$12
46 years$741$430$239$128$67$11
47 years$717$411$224$118$61$9
48 years$694$392$211$109$55$8
49 years$672$374$198$101$50$7
50 years$651$358$186$93$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $667,000, adding $5,461 every year, while hoping to spend $37,335 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: 67/5/28 Blend
67$667,000$667,000$667,000$667,000
68$740,667$705,316$694,978$784,519
69$776,491$700,152$678,535$809,576
70$814,718$693,484$660,291$832,272
71$855,553$685,199$640,144$856,261
72$899,221$675,176$617,991$881,674
73$945,971$663,289$593,723$908,655
74$996,073$649,402$567,225$937,364
75$1,049,823$633,375$538,379$967,979
76$1,107,549$615,054$507,059$1,000,697
77$1,169,609$594,281$473,134$1,035,736
78$1,236,394$570,886$436,470$1,073,338
79$1,308,338$544,691$396,923$1,113,772
80$1,385,914$515,506$354,345$1,157,334
81$1,469,642$483,131$308,581$1,204,354
82$1,560,095$447,354$259,468$1,255,196
83$1,657,902$407,952$206,837$1,310,263
84$1,763,753$364,687$150,512$1,370,004
85$1,878,409$317,309$90,307$1,434,911
86$2,002,704$265,554$26,029$1,505,533
87$2,137,557$209,144$0$1,582,474
88$2,283,979$147,783$0$1,679,123
89$2,443,079$81,159$0$1,792,627
90$2,616,082$8,944$0$1,916,087
91$2,804,330$0$0$2,050,477
92$3,009,304$0$0$2,200,677
93$3,232,632$0$0$2,364,901
94$3,476,105$0$0$2,543,978
95$3,741,696$0$0$2,739,363
96$4,031,574$0$0$2,952,658
97$4,348,128$0$0$3,185,627
98$4,693,990$0$0$3,440,210
99$5,072,053$0$0$3,718,544
100$5,485,506$0$0$4,022,983