Can I retire at age 68 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$59,457$58,927$58,411$57,906$57,414$56,791
2 years$29,434$28,886$28,355$27,840$27,340$26,712
3 years$19,428$18,877$18,347$17,837$17,346$16,733
4 years$14,426$13,877$13,352$12,851$12,371$11,779
5 years$11,425$10,880$10,362$9,870$9,404$8,833
6 years$9,425$8,884$8,374$7,894$7,441$6,893
7 years$7,998$7,461$6,959$6,490$6,052$5,526
8 years$6,927$6,395$5,902$5,444$5,020$4,517
9 years$6,095$5,568$5,083$4,637$4,228$3,747
10 years$5,430$4,908$4,431$3,997$3,602$3,144
11 years$4,886$4,369$3,901$3,479$3,098$2,661
12 years$4,433$3,922$3,462$3,051$2,685$2,269
13 years$4,050$3,544$3,093$2,694$2,341$1,946
14 years$3,722$3,221$2,779$2,391$2,052$1,677
15 years$3,438$2,943$2,509$2,133$1,807$1,451
16 years$3,190$2,700$2,275$1,910$1,597$1,260
17 years$2,971$2,487$2,070$1,716$1,416$1,098
18 years$2,777$2,298$1,890$1,546$1,259$958
19 years$2,603$2,130$1,730$1,397$1,122$839
20 years$2,447$1,979$1,588$1,265$1,002$735
21 years$2,306$1,843$1,461$1,148$897$645
22 years$2,178$1,721$1,346$1,044$804$567
23 years$2,061$1,609$1,243$951$722$500
24 years$1,954$1,508$1,149$867$649$440
25 years$1,856$1,415$1,065$792$584$388
26 years$1,766$1,330$987$724$526$343
27 years$1,682$1,252$917$663$474$303
28 years$1,605$1,179$852$607$428$268
29 years$1,533$1,113$793$557$386$237
30 years$1,466$1,051$739$511$349$209
31 years$1,403$993$689$469$316$185
32 years$1,344$940$643$431$285$164
33 years$1,289$890$600$397$258$145
34 years$1,238$844$561$365$234$129
35 years$1,189$800$524$336$212$114
36 years$1,144$759$490$309$192$101
37 years$1,100$721$459$285$174$90
38 years$1,060$685$430$263$158$80
39 years$1,021$652$403$242$143$71
40 years$984$620$377$224$130$63
41 years$950$590$354$206$118$56
42 years$917$562$332$190$107$49
43 years$885$536$312$176$97$44
44 years$855$511$292$162$88$39
45 years$827$487$275$150$80$34
46 years$800$464$258$138$73$31
47 years$774$443$242$128$66$27
48 years$749$423$228$118$60$24
49 years$726$404$214$109$54$21
50 years$703$386$201$101$49$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $720,000, adding $3,396 every year, while hoping to spend $33,885 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: 51/40/9 Blend
67$720,000$720,000$720,000$720,000
68$796,943$758,783$747,623$835,562
69$842,178$759,910$736,615$863,386
70$890,891$759,956$724,103$889,704
71$943,401$758,834$709,999$917,521
72$1,000,059$756,448$694,216$946,984
73$1,061,250$752,698$676,656$978,261
74$1,127,397$747,480$657,223$1,011,536
75$1,198,964$740,679$635,813$1,047,012
76$1,276,463$732,177$612,318$1,084,917
77$1,360,456$721,848$586,624$1,125,504
78$1,451,561$709,557$558,615$1,169,053
79$1,550,457$695,162$528,165$1,215,875
80$1,657,892$678,513$495,147$1,266,314
81$1,774,688$659,451$459,426$1,320,754
82$1,901,750$637,808$420,860$1,379,619
83$2,040,072$613,404$379,302$1,443,380
84$2,190,749$586,051$334,599$1,512,560
85$2,354,988$555,550$286,590$1,587,736
86$2,534,113$521,688$235,108$1,669,550
87$2,729,585$484,243$179,976$1,758,713
88$2,943,011$442,979$121,013$1,856,012
89$3,176,158$397,646$58,028$1,962,318
90$3,430,975$347,979$0$2,078,596
91$3,709,605$293,701$0$2,206,798
92$4,014,409$234,516$0$2,353,228
93$4,347,984$170,113$0$2,513,639
94$4,713,194$100,164$0$2,689,499
95$5,113,189$24,321$0$2,882,436
96$5,551,440$0$0$3,094,244
97$6,031,769$0$0$3,352,345
98$6,558,385$0$0$3,647,128
99$7,135,924$0$0$3,970,494
100$7,769,493$0$0$4,325,311