Can I retire at age 68 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$59,870$59,337$58,816$58,308$57,813$56,278
2 years$29,639$29,087$28,552$28,033$27,530$25,994
3 years$19,563$19,008$18,475$17,961$17,466$15,978
4 years$14,526$13,973$13,445$12,940$12,457$11,028
5 years$11,504$10,955$10,434$9,939$9,470$8,103
6 years$9,491$8,946$8,432$7,948$7,493$6,190
7 years$8,053$7,513$7,007$6,535$6,094$4,855
8 years$6,975$6,440$5,943$5,482$5,055$3,880
9 years$6,138$5,607$5,118$4,669$4,257$3,144
10 years$5,468$4,942$4,462$4,025$3,627$2,576
11 years$4,920$4,400$3,929$3,503$3,120$2,127
12 years$4,464$3,949$3,486$3,073$2,704$1,769
13 years$4,078$3,569$3,115$2,713$2,358$1,478
14 years$3,748$3,244$2,799$2,408$2,067$1,241
15 years$3,462$2,963$2,527$2,147$1,820$1,045
16 years$3,212$2,719$2,291$1,923$1,608$883
17 years$2,992$2,504$2,085$1,728$1,426$748
18 years$2,796$2,314$1,903$1,557$1,268$635
19 years$2,621$2,144$1,742$1,407$1,130$540
20 years$2,464$1,993$1,599$1,274$1,009$459
21 years$2,322$1,856$1,471$1,156$903$392
22 years$2,193$1,733$1,355$1,051$810$334
23 years$2,076$1,620$1,252$958$727$285
24 years$1,968$1,518$1,157$873$653$244
25 years$1,869$1,425$1,072$798$588$209
26 years$1,778$1,339$994$729$530$178
27 years$1,694$1,260$923$668$477$153
28 years$1,616$1,188$858$612$431$131
29 years$1,543$1,120$799$561$389$112
30 years$1,476$1,058$744$515$351$96
31 years$1,413$1,000$694$473$318$82
32 years$1,354$946$647$434$287$71
33 years$1,298$896$604$400$260$61
34 years$1,246$849$565$368$236$52
35 years$1,198$806$528$338$213$45
36 years$1,151$765$494$312$193$38
37 years$1,108$726$462$287$175$33
38 years$1,067$690$433$265$159$28
39 years$1,028$656$405$244$144$24
40 years$991$624$380$225$131$21
41 years$956$594$356$208$119$18
42 years$923$566$334$192$108$15
43 years$891$539$314$177$98$13
44 years$861$514$294$163$89$11
45 years$833$490$276$151$80$10
46 years$805$468$260$139$73$8
47 years$779$446$244$129$66$7
48 years$754$426$229$119$60$6
49 years$731$407$215$110$55$5
50 years$708$389$203$102$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $725,000, adding $4,141 every year, while hoping to spend $37,203 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: 66/23/11 Blend
67$725,000$725,000$725,000$725,000
68$803,221$764,796$753,559$854,038
69$845,566$762,688$739,219$886,306
70$890,983$759,229$723,153$916,780
71$939,747$754,314$705,262$949,133
72$992,158$747,832$685,444$983,545
73$1,048,546$739,664$663,595$1,020,215
74$1,109,274$729,684$639,602$1,059,364
75$1,174,741$717,759$613,349$1,101,238
76$1,245,383$703,748$584,715$1,146,105
77$1,321,681$687,501$553,572$1,194,265
78$1,404,164$668,860$519,788$1,246,050
79$1,493,412$647,657$483,224$1,301,825
80$1,590,063$623,715$443,735$1,361,995
81$1,694,818$596,846$401,169$1,427,008
82$1,808,449$566,851$355,368$1,497,359
83$1,931,805$533,521$306,166$1,573,597
84$2,065,818$496,632$253,392$1,656,326
85$2,211,514$455,950$196,864$1,746,216
86$2,370,024$411,227$136,394$1,844,007
87$2,542,590$362,200$71,786$1,950,517
88$2,730,578$308,592$2,835$2,066,651
89$2,935,492$250,109$0$2,193,407
90$3,158,990$186,442$0$2,340,195
91$3,402,893$117,264$0$2,500,825
92$3,669,207$42,229$0$2,676,339
93$3,960,141$0$0$2,868,256
94$4,278,125$0$0$3,088,129
95$4,625,836$0$0$3,340,288
96$5,006,221$0$0$3,616,188
97$5,422,525$0$0$3,918,188
98$5,878,320$0$0$4,248,887
99$6,377,541$0$0$4,611,145
100$6,924,521$0$0$5,008,112