Can I retire at age 68 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$59,952$59,418$58,897$58,389$57,892$55,994
2 years$29,679$29,127$28,591$28,072$27,568$25,674
3 years$19,590$19,035$18,500$17,986$17,490$15,659
4 years$14,546$13,992$13,463$12,958$12,474$10,721
5 years$11,520$10,970$10,448$9,953$9,483$7,811
6 years$9,504$8,958$8,444$7,959$7,503$5,915
7 years$8,064$7,523$7,017$6,544$6,102$4,598
8 years$6,985$6,449$5,951$5,489$5,062$3,640
9 years$6,146$5,615$5,125$4,676$4,263$2,921
10 years$5,475$4,949$4,468$4,031$3,632$2,369
11 years$4,927$4,406$3,934$3,508$3,124$1,936
12 years$4,470$3,954$3,491$3,077$2,707$1,593
13 years$4,084$3,574$3,119$2,716$2,361$1,317
14 years$3,753$3,248$2,803$2,411$2,069$1,094
15 years$3,467$2,967$2,530$2,150$1,822$911
16 years$3,216$2,723$2,294$1,925$1,610$761
17 years$2,996$2,507$2,088$1,730$1,428$637
18 years$2,800$2,317$1,906$1,559$1,270$534
19 years$2,625$2,147$1,745$1,409$1,132$449
20 years$2,467$1,995$1,601$1,276$1,011$377
21 years$2,325$1,859$1,473$1,158$905$318
22 years$2,196$1,735$1,357$1,053$811$268
23 years$2,078$1,623$1,253$959$728$226
24 years$1,971$1,520$1,159$875$654$191
25 years$1,872$1,427$1,074$799$589$161
26 years$1,781$1,341$996$730$530$136
27 years$1,696$1,262$925$668$478$115
28 years$1,618$1,189$859$612$431$97
29 years$1,545$1,122$800$562$390$82
30 years$1,478$1,059$745$515$352$69
31 years$1,415$1,002$695$473$318$59
32 years$1,356$948$648$435$288$50
33 years$1,300$897$605$400$260$42
34 years$1,248$851$565$368$236$36
35 years$1,199$807$529$339$214$30
36 years$1,153$766$494$312$194$25
37 years$1,110$727$463$288$175$22
38 years$1,068$691$433$265$159$18
39 years$1,029$657$406$244$144$15
40 years$993$625$381$225$131$13
41 years$958$595$357$208$119$11
42 years$924$567$335$192$108$9
43 years$893$540$314$177$98$8
44 years$863$515$295$164$89$7
45 years$834$491$277$151$81$6
46 years$807$468$260$140$73$5
47 years$780$447$244$129$66$4
48 years$756$427$230$119$60$3
49 years$732$407$216$110$55$3
50 years$709$389$203$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $726,000, adding $5,200 every year, while hoping to spend $41,859 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: 68/9/23 Blend
67$726,000$726,000$726,000$726,000
68$805,416$766,938$755,685$855,146
69$843,031$759,980$736,463$882,173
70$883,079$751,279$715,193$906,420
71$925,765$740,703$691,765$931,958
72$971,313$728,118$666,058$958,913
73$1,019,967$713,375$637,951$987,424
74$1,071,995$696,322$607,314$1,017,649
75$1,127,692$676,795$574,013$1,049,760
76$1,187,380$654,622$537,905$1,083,949
77$1,251,413$629,618$498,846$1,120,430
78$1,320,180$601,592$456,679$1,159,438
79$1,394,106$570,338$411,246$1,201,236
80$1,473,659$535,639$362,377$1,246,114
81$1,559,354$497,267$309,898$1,294,393
82$1,651,753$454,979$253,626$1,346,431
83$1,751,479$408,519$193,368$1,402,623
84$1,859,210$357,617$128,927$1,463,405
85$1,975,696$301,986$60,092$1,529,262
86$2,101,759$241,326$0$1,600,732
87$2,238,304$175,316$0$1,681,687
88$2,386,324$103,620$0$1,785,455
89$2,546,913$25,882$0$1,898,060
90$2,721,274$0$0$2,020,367
91$2,910,729$0$0$2,159,099
92$3,116,733$0$0$2,312,774
93$3,340,886$0$0$2,480,028
94$3,584,949$0$0$2,662,179
95$3,850,861$0$0$2,860,679
96$4,140,753$0$0$3,077,125
97$4,456,973$0$0$3,313,275
98$4,802,104$0$0$3,571,065
99$5,178,990$0$0$3,852,623
100$5,590,761$0$0$4,160,297