Can I retire at age 68 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$55,989$55,490$55,003$54,528$54,065$53,103
2 years$27,717$27,201$26,701$26,216$25,745$24,780
3 years$18,295$17,776$17,277$16,797$16,334$15,395
4 years$13,584$13,067$12,573$12,101$11,649$10,744
5 years$10,759$10,245$9,757$9,295$8,856$7,986
6 years$8,876$8,366$7,885$7,433$7,007$6,175
7 years$7,531$7,026$6,553$6,111$5,699$4,903
8 years$6,523$6,022$5,557$5,126$4,728$3,969
9 years$5,740$5,243$4,787$4,367$3,981$3,259
10 years$5,113$4,622$4,173$3,764$3,392$2,706
11 years$4,601$4,115$3,674$3,276$2,917$2,267
12 years$4,174$3,693$3,260$2,873$2,528$1,912
13 years$3,814$3,337$2,913$2,537$2,205$1,621
14 years$3,505$3,034$2,617$2,252$1,933$1,382
15 years$3,238$2,771$2,363$2,008$1,702$1,182
16 years$3,004$2,543$2,142$1,798$1,504$1,014
17 years$2,798$2,342$1,950$1,616$1,333$873
18 years$2,615$2,164$1,780$1,456$1,186$753
19 years$2,451$2,005$1,629$1,316$1,057$651
20 years$2,304$1,863$1,495$1,192$944$563
21 years$2,172$1,736$1,375$1,081$845$488
22 years$2,051$1,620$1,268$983$757$424
23 years$1,941$1,515$1,170$895$680$368
24 years$1,840$1,420$1,082$817$611$320
25 years$1,748$1,332$1,003$746$550$279
26 years$1,663$1,252$930$682$495$243
27 years$1,584$1,179$863$624$446$211
28 years$1,511$1,111$803$572$403$184
29 years$1,443$1,048$747$524$364$161
30 years$1,380$989$696$481$329$140
31 years$1,321$935$649$442$297$122
32 years$1,266$885$605$406$269$107
33 years$1,214$838$565$374$243$93
34 years$1,166$794$528$344$220$82
35 years$1,120$753$494$316$199$71
36 years$1,077$715$462$291$181$62
37 years$1,036$679$432$269$164$54
38 years$998$645$405$248$149$48
39 years$961$614$379$228$135$42
40 years$927$584$355$210$122$36
41 years$894$556$333$194$111$32
42 years$863$529$313$179$101$28
43 years$834$504$293$165$91$24
44 years$806$481$275$153$83$21
45 years$779$458$259$141$75$19
46 years$753$437$243$130$68$16
47 years$729$417$228$120$62$14
48 years$706$398$214$111$56$12
49 years$683$381$202$103$51$11
50 years$662$363$189$95$46$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $678,000, adding $2,071 every year, while hoping to spend $47,783 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: 72/6/22 Blend
67$678,000$678,000$678,000$678,000
68$749,292$713,358$702,849$799,045
69$774,879$697,472$675,554$816,578
70$801,475$679,206$645,743$829,886
71$829,131$658,393$613,281$843,277
72$857,904$634,856$578,028$856,753
73$887,855$608,408$539,836$870,315
74$919,047$578,851$498,552$883,970
75$951,551$545,976$454,014$897,720
76$985,441$509,561$406,056$911,576
77$1,020,799$469,372$354,501$925,545
78$1,057,710$425,161$299,167$939,639
79$1,096,269$376,667$239,861$953,875
80$1,136,578$323,612$176,386$968,268
81$1,178,745$265,706$108,531$982,841
82$1,222,889$202,638$36,079$997,619
83$1,269,140$134,083$0$1,012,632
84$1,317,636$59,697$0$1,037,596
85$1,368,529$0$0$1,072,538
86$1,421,982$0$0$1,110,465
87$1,478,174$0$0$1,154,489
88$1,537,299$0$0$1,200,823
89$1,599,567$0$0$1,249,633
90$1,665,209$0$0$1,301,101
91$1,734,475$0$0$1,355,425
92$1,807,638$0$0$1,412,821
93$1,884,995$0$0$1,473,524
94$1,966,871$0$0$1,537,792
95$2,053,621$0$0$1,605,904
96$2,145,633$0$0$1,678,169
97$2,243,330$0$0$1,754,922
98$2,347,176$0$0$1,836,529
99$2,457,677$0$0$1,923,392
100$2,575,389$0$0$2,015,950