Can I retire at age 68 with 681,000?

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 $681,000?

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$56,236$55,735$55,247$54,770$54,304$53,077
2 years$27,840$27,321$26,819$26,332$25,859$24,630
3 years$18,375$17,855$17,354$16,871$16,406$15,213
4 years$13,644$13,125$12,629$12,155$11,701$10,553
5 years$10,806$10,290$9,801$9,336$8,895$7,795
6 years$8,915$8,403$7,920$7,466$7,038$5,987
7 years$7,564$7,057$6,582$6,138$5,724$4,723
8 years$6,552$6,049$5,582$5,149$4,749$3,796
9 years$5,765$5,267$4,808$4,386$3,999$3,095
10 years$5,136$4,642$4,191$3,781$3,407$2,551
11 years$4,621$4,133$3,690$3,290$2,930$2,120
12 years$4,193$3,709$3,275$2,886$2,539$1,775
13 years$3,831$3,352$2,926$2,548$2,214$1,493
14 years$3,521$3,047$2,629$2,262$1,941$1,262
15 years$3,252$2,783$2,374$2,017$1,709$1,071
16 years$3,017$2,554$2,152$1,806$1,511$911
17 years$2,810$2,352$1,958$1,623$1,339$777
18 years$2,626$2,173$1,788$1,462$1,191$665
19 years$2,462$2,014$1,636$1,321$1,061$569
20 years$2,315$1,872$1,502$1,197$948$488
21 years$2,181$1,743$1,381$1,086$848$419
22 years$2,060$1,627$1,273$988$761$361
23 years$1,950$1,522$1,176$899$683$310
24 years$1,849$1,426$1,087$820$614$267
25 years$1,756$1,338$1,007$749$552$231
26 years$1,670$1,258$934$685$497$199
27 years$1,591$1,184$867$627$448$172
28 years$1,518$1,115$806$574$405$148
29 years$1,450$1,052$750$527$365$128
30 years$1,386$994$699$483$330$111
31 years$1,327$939$651$444$298$96
32 years$1,272$889$608$408$270$83
33 years$1,220$842$568$375$244$71
34 years$1,171$798$530$345$221$62
35 years$1,125$757$496$318$200$53
36 years$1,082$718$464$293$182$46
37 years$1,041$682$434$270$165$40
38 years$1,002$648$407$249$149$35
39 years$966$616$381$229$135$30
40 years$931$587$357$211$123$26
41 years$898$558$335$195$111$22
42 years$867$532$314$180$101$19
43 years$837$507$295$166$92$17
44 years$809$483$277$153$83$15
45 years$782$461$260$142$76$13
46 years$757$439$244$131$69$11
47 years$732$419$229$121$62$9
48 years$709$400$215$112$57$8
49 years$686$382$202$103$51$7
50 years$665$365$190$95$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $681,000, adding $4,463 every year, while hoping to spend $31,380 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: 44/49/7 Blend
67$681,000$681,000$681,000$681,000
68$755,066$718,973$708,417$786,598
69$798,694$720,814$698,761$810,707
70$845,721$721,694$687,730$833,238
71$896,460$721,533$675,244$856,932
72$951,255$720,244$661,221$881,904
73$1,010,485$717,738$645,574$908,285
74$1,074,566$713,919$628,212$936,222
75$1,143,955$708,684$609,040$965,878
76$1,219,155$701,926$587,960$997,432
77$1,300,719$693,530$564,866$1,031,087
78$1,389,254$683,375$539,651$1,067,068
79$1,485,429$671,332$512,201$1,105,624
80$1,589,980$657,264$482,397$1,147,034
81$1,703,716$641,028$450,115$1,191,607
82$1,827,528$622,470$415,226$1,239,687
83$1,962,393$601,430$377,594$1,291,655
84$2,109,392$577,734$337,078$1,347,936
85$2,269,710$551,203$293,530$1,409,003
86$2,444,653$521,644$246,795$1,475,377
87$2,635,658$488,855$196,713$1,547,642
88$2,844,307$452,621$143,116$1,626,441
89$3,072,343$412,716$85,827$1,712,490
90$3,321,683$368,900$24,663$1,806,582
91$3,594,438$320,920$0$1,909,598
92$3,892,934$268,508$0$2,025,546
93$4,219,730$211,382$0$2,154,637
94$4,577,645$149,242$0$2,296,240
95$4,969,783$81,774$0$2,451,698
96$5,399,565$8,644$0$2,622,498
97$5,870,754$0$0$2,810,286
98$6,387,498$0$0$3,054,893
99$6,954,365$0$0$3,328,423
100$7,576,385$0$0$3,628,655