Can I retire at age 68 with 689,000?

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 $689,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$56,897$56,390$55,896$55,413$54,942$54,710
2 years$28,167$27,642$27,134$26,641$26,163$25,929
3 years$18,591$18,065$17,557$17,069$16,599$16,370
4 years$13,805$13,279$12,777$12,297$11,838$11,616
5 years$10,933$10,411$9,916$9,446$8,999$8,785
6 years$9,020$8,501$8,013$7,554$7,121$6,914
7 years$7,653$7,140$6,659$6,210$5,791$5,592
8 years$6,629$6,120$5,647$5,210$4,804$4,613
9 years$5,833$5,328$4,864$4,437$4,046$3,863
10 years$5,196$4,697$4,241$3,825$3,447$3,272
11 years$4,676$4,181$3,733$3,329$2,965$2,797
12 years$4,242$3,753$3,313$2,920$2,569$2,409
13 years$3,876$3,392$2,960$2,578$2,240$2,087
14 years$3,562$3,083$2,660$2,288$1,964$1,818
15 years$3,290$2,816$2,401$2,041$1,729$1,590
16 years$3,053$2,584$2,177$1,827$1,528$1,396
17 years$2,843$2,380$1,981$1,642$1,355$1,229
18 years$2,657$2,199$1,809$1,480$1,205$1,086
19 years$2,491$2,038$1,656$1,337$1,074$961
20 years$2,342$1,894$1,519$1,211$959$852
21 years$2,207$1,764$1,398$1,099$858$757
22 years$2,084$1,647$1,288$999$769$674
23 years$1,973$1,540$1,189$910$691$600
24 years$1,870$1,443$1,100$830$621$535
25 years$1,776$1,354$1,019$758$559$478
26 years$1,690$1,273$945$693$503$427
27 years$1,610$1,198$877$634$454$382
28 years$1,536$1,129$816$581$409$342
29 years$1,467$1,065$759$533$370$307
30 years$1,403$1,005$707$489$334$275
31 years$1,343$950$659$449$302$247
32 years$1,286$899$615$413$273$221
33 years$1,234$852$574$380$247$199
34 years$1,185$807$537$349$224$178
35 years$1,138$766$502$322$203$160
36 years$1,094$727$469$296$184$144
37 years$1,053$690$439$273$166$129
38 years$1,014$656$411$252$151$116
39 years$977$624$385$232$137$105
40 years$942$593$361$214$124$94
41 years$909$565$339$197$113$85
42 years$877$538$318$182$102$76
43 years$847$513$298$168$93$68
44 years$819$489$280$155$84$62
45 years$791$466$263$143$76$55
46 years$765$444$247$132$69$50
47 years$741$424$232$122$63$45
48 years$717$405$218$113$57$40
49 years$694$387$205$104$52$36
50 years$673$369$193$97$47$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $689,000, adding $4,780 every year, while hoping to spend $22,778 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: 81/12/7 Blend
67$689,000$689,000$689,000$689,000
68$764,209$727,692$717,012$825,174
69$817,922$739,113$716,796$877,192
70$876,351$750,330$715,810$930,757
71$939,953$761,310$714,003$988,851
72$1,009,229$772,015$711,323$1,051,916
73$1,084,734$782,408$707,716$1,120,437
74$1,167,076$792,445$703,124$1,194,946
75$1,256,925$802,082$697,486$1,276,034
76$1,355,019$811,272$690,740$1,364,347
77$1,462,171$819,964$682,819$1,460,600
78$1,579,273$828,103$673,655$1,565,579
79$1,707,311$835,632$663,174$1,680,149
80$1,847,368$842,489$651,301$1,805,265
81$2,000,636$848,608$637,957$1,941,978
82$2,168,431$853,920$623,058$2,091,446
83$2,352,198$858,348$606,517$2,254,945
84$2,553,530$861,816$588,244$2,433,880
85$2,774,183$864,238$568,143$2,629,800
86$3,016,089$865,524$546,115$2,844,412
87$3,281,375$865,580$522,055$3,079,596
88$3,572,387$864,305$495,855$3,337,424
89$3,891,705$861,591$467,401$3,620,179
90$4,242,175$857,325$436,575$3,930,377
91$4,626,928$851,385$403,251$4,270,790
92$5,049,415$843,644$367,301$4,644,473
93$5,513,439$833,965$328,589$5,054,792
94$6,023,185$822,205$286,972$5,505,456
95$6,583,268$808,211$242,304$6,000,555
96$7,198,770$791,822$194,430$6,544,593
97$7,875,289$772,866$143,188$7,142,535
98$8,618,994$751,162$88,410$7,799,851
99$9,436,680$726,517$29,920$8,522,571
100$10,335,835$698,730$0$9,317,338