Can I retire at age 68 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$55,741$55,244$54,760$54,287$53,825$53,043
2 years$27,594$27,081$26,582$26,100$25,631$24,844
3 years$18,214$17,697$17,201$16,722$16,261$15,495
4 years$13,524$13,009$12,518$12,047$11,598$10,858
5 years$10,711$10,200$9,714$9,254$8,816$8,104
6 years$8,836$8,329$7,851$7,400$6,976$6,293
7 years$7,498$6,994$6,524$6,084$5,673$5,020
8 years$6,494$5,996$5,533$5,104$4,707$4,083
9 years$5,714$5,220$4,765$4,347$3,964$3,369
10 years$5,091$4,601$4,155$3,747$3,377$2,811
11 years$4,581$4,096$3,658$3,261$2,905$2,366
12 years$4,156$3,677$3,246$2,861$2,517$2,006
13 years$3,797$3,323$2,900$2,526$2,195$1,710
14 years$3,489$3,020$2,606$2,242$1,924$1,465
15 years$3,223$2,759$2,353$1,999$1,694$1,260
16 years$2,991$2,531$2,133$1,790$1,497$1,088
17 years$2,785$2,331$1,941$1,608$1,328$941
18 years$2,603$2,154$1,772$1,450$1,180$816
19 years$2,440$1,996$1,622$1,310$1,052$710
20 years$2,294$1,855$1,489$1,186$940$618
21 years$2,162$1,728$1,369$1,077$841$539
22 years$2,042$1,613$1,262$979$754$471
23 years$1,932$1,509$1,165$892$677$411
24 years$1,832$1,414$1,078$813$608$360
25 years$1,740$1,327$998$743$547$315
26 years$1,655$1,247$926$679$493$276
27 years$1,577$1,173$860$621$444$242
28 years$1,504$1,106$799$569$401$213
29 years$1,437$1,043$744$522$362$187
30 years$1,374$985$693$479$327$164
31 years$1,315$931$646$440$296$144
32 years$1,260$881$602$404$268$127
33 years$1,209$834$563$372$242$111
34 years$1,160$791$526$342$219$98
35 years$1,115$750$491$315$199$86
36 years$1,072$712$460$290$180$76
37 years$1,032$676$430$267$163$67
38 years$993$643$403$246$148$59
39 years$957$611$378$227$134$52
40 years$923$581$354$210$122$45
41 years$890$553$332$193$110$40
42 years$859$527$311$178$100$35
43 years$830$502$292$165$91$31
44 years$802$479$274$152$82$27
45 years$775$456$257$140$75$24
46 years$750$435$242$130$68$21
47 years$726$416$227$120$62$19
48 years$702$397$213$111$56$16
49 years$680$379$201$102$51$14
50 years$659$362$189$95$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $675,000, adding $4,879 every year, while hoping to spend $38,504 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: 35/48/17 Blend
67$675,000$675,000$675,000$675,000
68$748,883$713,108$702,645$771,033
69$784,301$707,082$685,216$781,583
70$822,041$699,471$665,912$788,999
71$862,300$690,155$644,631$796,184
72$905,291$679,010$621,263$803,138
73$951,252$665,902$595,696$809,865
74$1,000,440$650,692$567,812$816,373
75$1,053,138$633,229$537,487$822,676
76$1,109,657$613,356$504,592$828,790
77$1,170,337$590,905$468,991$834,739
78$1,235,553$565,701$430,543$840,555
79$1,305,715$537,556$389,102$846,274
80$1,381,273$506,272$344,513$851,945
81$1,462,724$471,640$296,614$857,625
82$1,550,610$433,438$245,239$863,382
83$1,645,529$391,434$190,211$869,300
84$1,748,137$345,378$131,348$875,473
85$1,859,157$295,012$68,458$882,017
86$1,979,381$240,057$1,341$889,062
87$2,109,682$180,224$0$896,763
88$2,251,018$115,203$0$918,043
89$2,404,444$44,670$0$941,447
90$2,571,119$0$0$967,005
91$2,752,321$0$0$1,011,779
92$2,949,452$0$0$1,086,244
93$3,164,056$0$0$1,167,400
94$3,397,834$0$0$1,255,899
95$3,652,655$0$0$1,352,462
96$3,930,578$0$0$1,457,881
97$4,233,867$0$0$1,573,028
98$4,565,016$0$0$1,698,863
99$4,926,770$0$0$1,836,443
100$5,322,151$0$0$1,986,932