Can I retire at age 68 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$59,622$59,091$58,573$58,067$57,573$56,227
2 years$29,516$28,966$28,433$27,917$27,416$26,067
3 years$19,482$18,930$18,398$17,887$17,394$16,085
4 years$14,466$13,915$13,389$12,886$12,405$11,146
5 years$11,457$10,910$10,391$9,898$9,430$8,225
6 years$9,452$8,909$8,397$7,915$7,462$6,311
7 years$8,020$7,481$6,978$6,508$6,069$4,972
8 years$6,947$6,413$5,918$5,459$5,034$3,992
9 years$6,112$5,584$5,097$4,650$4,240$3,251
10 years$5,445$4,922$4,444$4,008$3,612$2,676
11 years$4,900$4,382$3,912$3,488$3,107$2,222
12 years$4,445$3,933$3,472$3,060$2,692$1,857
13 years$4,061$3,554$3,102$2,701$2,348$1,560
14 years$3,732$3,230$2,787$2,398$2,058$1,317
15 years$3,448$2,951$2,516$2,139$1,812$1,116
16 years$3,199$2,708$2,282$1,915$1,601$948
17 years$2,979$2,494$2,076$1,720$1,420$808
18 years$2,784$2,304$1,895$1,551$1,263$689
19 years$2,610$2,135$1,735$1,401$1,125$590
20 years$2,454$1,984$1,592$1,269$1,005$505
21 years$2,312$1,848$1,465$1,152$900$433
22 years$2,184$1,725$1,350$1,047$806$372
23 years$2,067$1,614$1,246$954$724$320
24 years$1,960$1,512$1,153$870$651$275
25 years$1,861$1,419$1,068$794$585$237
26 years$1,771$1,334$990$726$527$204
27 years$1,687$1,255$919$665$475$176
28 years$1,609$1,183$855$609$429$151
29 years$1,537$1,116$795$559$387$130
30 years$1,470$1,054$741$513$350$113
31 years$1,407$996$691$471$316$97
32 years$1,348$942$644$433$286$84
33 years$1,293$892$602$398$259$72
34 years$1,241$846$562$366$235$62
35 years$1,193$802$526$337$212$54
36 years$1,147$761$492$310$192$47
37 years$1,103$723$460$286$174$40
38 years$1,062$687$431$264$158$35
39 years$1,024$654$404$243$143$30
40 years$987$622$378$224$130$26
41 years$952$592$355$207$118$22
42 years$919$564$333$191$107$19
43 years$888$537$312$176$97$17
44 years$858$512$293$163$88$14
45 years$829$488$275$150$80$12
46 years$802$466$259$139$73$11
47 years$776$444$243$128$66$9
48 years$751$424$228$118$60$8
49 years$728$405$215$109$54$7
50 years$705$387$202$101$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $722,000, adding $3,248 every year, while hoping to spend $57,772 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: 50/36/14 Blend
67$722,000$722,000$722,000$722,000
68$798,994$760,728$749,537$835,732
69$819,023$736,535$713,178$837,124
70$839,158$709,220$673,664$832,328
71$859,349$678,569$630,829$825,827
72$879,540$644,357$584,499$817,480
73$899,666$606,342$534,492$807,134
74$919,652$564,273$480,618$794,625
75$939,416$517,882$422,678$779,778
76$958,863$466,885$360,465$762,404
77$977,888$410,983$293,761$742,301
78$996,372$349,861$222,342$719,252
79$1,014,182$283,184$145,970$693,023
80$1,031,168$210,600$64,400$663,363
81$1,047,163$131,735$0$630,002
82$1,061,981$46,197$0$596,033
83$1,075,412$0$0$568,247
84$1,087,224$0$0$555,112
85$1,097,157$0$0$559,201
86$1,104,924$0$0$562,053
87$1,110,202$0$0$563,488
88$1,112,634$0$0$563,309
89$1,111,825$0$0$561,295
90$1,107,332$0$0$557,203
91$1,098,667$0$0$550,761
92$1,085,287$0$0$541,669
93$1,066,592$0$0$529,594
94$1,041,913$0$0$514,166
95$1,010,513$0$0$494,977
96$971,573$0$0$471,574
97$924,189$0$0$443,456
98$867,356$0$0$410,069
99$799,967$0$0$370,801
100$720,795$0$0$324,973