Can I retire at age 68 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$60,200$59,664$59,141$58,630$58,131$56,865
2 years$29,802$29,247$28,709$28,188$27,682$26,412
3 years$19,671$19,113$18,577$18,060$17,562$16,329
4 years$14,606$14,050$13,519$13,011$12,526$11,338
5 years$11,568$11,016$10,491$9,994$9,522$8,384
6 years$9,543$8,995$8,479$7,992$7,534$6,447
7 years$8,098$7,554$7,046$6,571$6,127$5,091
8 years$7,014$6,475$5,975$5,512$5,083$4,097
9 years$6,171$5,638$5,147$4,695$4,281$3,345
10 years$5,498$4,969$4,487$4,047$3,647$2,760
11 years$4,947$4,424$3,950$3,522$3,137$2,297
12 years$4,488$3,971$3,506$3,090$2,718$1,925
13 years$4,101$3,588$3,132$2,728$2,371$1,622
14 years$3,769$3,262$2,814$2,421$2,078$1,373
15 years$3,481$2,980$2,541$2,159$1,830$1,166
16 years$3,230$2,734$2,304$1,933$1,617$994
17 years$3,008$2,518$2,096$1,737$1,434$849
18 years$2,811$2,326$1,914$1,566$1,275$727
19 years$2,636$2,156$1,752$1,415$1,136$624
20 years$2,478$2,004$1,608$1,281$1,015$536
21 years$2,335$1,866$1,479$1,163$908$461
22 years$2,205$1,742$1,363$1,057$814$397
23 years$2,087$1,629$1,258$963$731$342
24 years$1,979$1,527$1,164$878$657$295
25 years$1,879$1,433$1,078$802$591$255
26 years$1,788$1,346$1,000$733$532$220
27 years$1,703$1,267$928$671$480$190
28 years$1,625$1,194$863$615$433$165
29 years$1,552$1,126$803$564$391$142
30 years$1,484$1,064$748$518$353$123
31 years$1,421$1,006$697$475$320$107
32 years$1,361$952$651$437$289$92
33 years$1,306$901$608$402$262$80
34 years$1,253$854$568$370$237$69
35 years$1,204$810$531$340$214$60
36 years$1,158$769$496$313$194$52
37 years$1,114$730$465$289$176$45
38 years$1,073$694$435$266$160$39
39 years$1,034$660$408$245$145$34
40 years$997$628$382$226$131$29
41 years$962$598$358$209$119$25
42 years$928$569$336$193$108$22
43 years$896$542$315$178$98$19
44 years$866$517$296$164$89$17
45 years$837$493$278$152$81$14
46 years$810$470$261$140$73$12
47 years$784$449$245$129$67$11
48 years$759$428$231$120$61$9
49 years$735$409$217$111$55$8
50 years$712$391$204$102$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $729,000, adding $4,581 every year, while hoping to spend $48,396 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: 35/41/24 Blend
67$729,000$729,000$729,000$729,000
68$808,083$769,446$758,147$830,358
69$839,015$755,656$732,052$833,473
70$871,479$739,568$703,460$832,087
71$905,582$721,019$672,238$829,625
72$941,438$699,835$638,244$826,022
73$979,170$675,833$601,331$821,210
74$1,018,915$648,818$561,346$815,120
75$1,060,820$618,586$518,126$807,681
76$1,105,045$584,918$471,505$798,819
77$1,151,766$547,586$421,307$788,461
78$1,201,174$506,345$367,348$776,529
79$1,253,477$460,939$309,438$762,946
80$1,308,903$411,097$247,375$747,635
81$1,367,701$356,530$180,953$730,515
82$1,430,143$296,937$109,951$711,507
83$1,496,527$231,996$34,144$690,533
84$1,567,178$161,369$0$667,512
85$1,642,453$84,699$0$654,342
86$1,722,741$1,607$0$649,082
87$1,808,471$0$0$642,971
88$1,900,110$0$0$675,850
89$1,998,173$0$0$711,877
90$2,103,221$0$0$750,541
91$2,215,874$0$0$792,080
92$2,336,808$0$0$836,753
93$2,466,768$0$0$884,845
94$2,606,569$0$0$936,669
95$2,757,107$0$0$992,568
96$2,919,368$0$0$1,052,920
97$3,094,431$0$0$1,118,140
98$3,283,486$0$0$1,188,684
99$3,487,837$0$0$1,265,053
100$3,708,919$0$0$1,347,798