Can I retire at age 68 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$59,787$59,255$58,735$58,228$57,733$56,988
2 years$29,598$29,046$28,512$27,994$27,492$26,742
3 years$19,536$18,982$18,449$17,936$17,442$16,711
4 years$14,506$13,954$13,426$12,922$12,440$11,733
5 years$11,489$10,940$10,419$9,925$9,456$8,777
6 years$9,478$8,933$8,420$7,937$7,483$6,830
7 years$8,042$7,502$6,997$6,526$6,085$5,460
8 years$6,966$6,431$5,934$5,474$5,048$4,451
9 years$6,129$5,599$5,111$4,663$4,251$3,681
10 years$5,460$4,935$4,456$4,019$3,622$3,079
11 years$4,913$4,394$3,923$3,498$3,115$2,598
12 years$4,458$3,944$3,482$3,068$2,700$2,208
13 years$4,073$3,564$3,111$2,709$2,354$1,888
14 years$3,743$3,239$2,795$2,405$2,064$1,622
15 years$3,457$2,959$2,523$2,145$1,817$1,399
16 years$3,208$2,715$2,288$1,920$1,606$1,210
17 years$2,988$2,500$2,082$1,725$1,424$1,050
18 years$2,792$2,311$1,900$1,555$1,266$914
19 years$2,618$2,141$1,740$1,405$1,128$797
20 years$2,461$1,990$1,597$1,272$1,008$696
21 years$2,319$1,853$1,469$1,155$902$609
22 years$2,190$1,730$1,354$1,050$809$533
23 years$2,073$1,618$1,250$956$726$468
24 years$1,965$1,516$1,156$872$652$410
25 years$1,867$1,423$1,071$796$587$361
26 years$1,776$1,337$993$728$529$317
27 years$1,692$1,258$922$667$477$279
28 years$1,614$1,186$857$611$430$246
29 years$1,541$1,119$798$560$388$216
30 years$1,474$1,057$743$514$351$191
31 years$1,411$999$693$472$317$168
32 years$1,352$945$646$434$287$148
33 years$1,297$895$603$399$260$131
34 years$1,245$848$564$367$235$115
35 years$1,196$805$527$338$213$102
36 years$1,150$764$493$311$193$90
37 years$1,106$725$462$287$175$79
38 years$1,065$689$432$264$159$70
39 years$1,027$655$405$244$144$62
40 years$990$624$380$225$130$55
41 years$955$594$356$207$118$48
42 years$922$565$334$191$107$43
43 years$890$539$313$177$97$38
44 years$860$513$294$163$88$33
45 years$832$490$276$151$80$29
46 years$804$467$259$139$73$26
47 years$778$446$244$129$66$23
48 years$753$425$229$119$60$20
49 years$730$406$215$110$55$18
50 years$707$388$202$101$50$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $724,000, adding $3,413 every year, while hoping to spend $31,572 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: 68/17/15 Blend
67$724,000$724,000$724,000$724,000
68$801,369$762,997$751,775$852,831
69$849,516$766,791$743,367$891,354
70$901,516$769,713$733,619$929,418
71$957,728$771,687$722,453$970,253
72$1,018,549$772,632$709,787$1,014,128
73$1,084,412$772,462$695,536$1,061,339
74$1,155,794$771,085$679,609$1,112,215
75$1,233,223$768,406$661,913$1,167,117
76$1,317,274$764,320$642,350$1,226,446
77$1,408,584$758,720$620,817$1,290,642
78$1,507,851$751,489$597,206$1,360,191
79$1,615,845$742,504$571,405$1,435,631
80$1,733,411$731,637$543,297$1,517,555
81$1,861,480$718,749$512,759$1,606,615
82$2,001,078$703,694$479,663$1,703,536
83$2,153,330$686,318$443,874$1,809,112
84$2,319,479$666,456$405,253$1,924,223
85$2,500,890$643,937$363,654$2,049,840
86$2,699,068$618,576$318,922$2,187,032
87$2,915,666$590,180$270,900$2,336,982
88$3,152,508$558,543$219,419$2,500,993
89$3,411,600$523,448$164,306$2,680,502
90$3,695,153$484,666$105,379$2,877,096
91$4,005,598$441,954$42,449$3,092,526
92$4,345,615$395,056$0$3,328,724
93$4,718,154$343,700$0$3,591,775
94$5,126,465$287,601$0$3,887,581
95$5,574,126$226,454$0$4,211,970
96$6,065,078$159,942$0$4,567,837
97$6,603,662$87,726$0$4,958,376
98$7,194,661$9,450$0$5,387,105
99$7,843,340$0$0$5,857,905
100$8,555,502$0$0$6,389,130