Can I retire at age 68 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$60,778$60,237$59,709$59,193$58,690$57,364
2 years$30,088$29,528$28,985$28,458$27,947$26,619
3 years$19,860$19,297$18,755$18,233$17,731$16,441
4 years$14,746$14,185$13,649$13,136$12,646$11,405
5 years$11,679$11,121$10,592$10,090$9,613$8,424
6 years$9,635$9,081$8,560$8,069$7,607$6,471
7 years$8,175$7,627$7,113$6,634$6,186$5,104
8 years$7,081$6,537$6,033$5,565$5,132$4,103
9 years$6,231$5,692$5,196$4,740$4,322$3,345
10 years$5,551$5,017$4,530$4,086$3,683$2,757
11 years$4,995$4,467$3,988$3,556$3,167$2,292
12 years$4,532$4,009$3,539$3,119$2,745$1,918
13 years$4,140$3,623$3,162$2,754$2,393$1,614
14 years$3,805$3,293$2,841$2,444$2,098$1,364
15 years$3,515$3,008$2,565$2,180$1,847$1,157
16 years$3,261$2,760$2,326$1,952$1,633$985
17 years$3,037$2,542$2,116$1,754$1,448$840
18 years$2,838$2,349$1,932$1,581$1,287$718
19 years$2,661$2,177$1,769$1,428$1,147$615
20 years$2,501$2,023$1,623$1,293$1,025$528
21 years$2,357$1,884$1,493$1,174$917$453
22 years$2,226$1,759$1,376$1,067$822$390
23 years$2,107$1,645$1,271$972$738$335
24 years$1,998$1,541$1,175$887$663$289
25 years$1,898$1,446$1,088$810$597$249
26 years$1,805$1,359$1,009$740$538$215
27 years$1,720$1,279$937$678$485$185
28 years$1,640$1,206$871$621$437$160
29 years$1,567$1,137$811$569$395$138
30 years$1,498$1,074$755$523$357$119
31 years$1,434$1,015$704$480$323$103
32 years$1,374$961$657$441$292$89
33 years$1,318$910$613$406$264$77
34 years$1,265$862$573$373$239$67
35 years$1,216$818$536$344$217$58
36 years$1,169$776$501$316$196$50
37 years$1,125$737$469$291$178$43
38 years$1,083$701$439$269$161$37
39 years$1,044$666$412$248$146$32
40 years$1,006$634$386$228$133$28
41 years$971$603$362$211$120$24
42 years$937$575$339$195$109$21
43 years$905$548$318$180$99$18
44 years$874$522$299$166$90$16
45 years$845$498$281$153$82$14
46 years$818$475$264$141$74$12
47 years$791$453$248$131$67$10
48 years$766$433$233$121$61$9
49 years$742$413$219$112$56$8
50 years$719$395$206$103$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $736,000, adding $3,785 every year, while hoping to spend $20,631 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: 80/11/9 Blend
67$736,000$736,000$736,000$736,000
68$814,976$775,968$764,560$878,786
69$876,153$792,039$768,222$937,241
70$942,877$808,207$771,315$998,282
71$1,015,695$824,453$773,798$1,064,647
72$1,095,204$840,759$775,628$1,136,861
73$1,182,065$857,106$776,761$1,215,497
74$1,277,002$873,471$777,149$1,301,188
75$1,380,815$889,830$776,743$1,394,633
76$1,494,385$906,158$775,490$1,496,598
77$1,618,679$922,427$773,337$1,607,930
78$1,754,766$938,607$770,224$1,729,561
79$1,903,819$954,666$766,094$1,862,518
80$2,067,132$970,569$760,882$2,007,930
81$2,246,131$986,278$754,523$2,167,044
82$2,442,385$1,001,754$746,948$2,341,233
83$2,657,621$1,016,953$738,084$2,532,008
84$2,893,745$1,031,830$727,856$2,741,036
85$3,152,852$1,046,334$716,184$2,970,151
86$3,437,252$1,060,414$702,985$3,221,378
87$3,749,489$1,074,012$688,173$3,496,943
88$4,092,366$1,087,068$671,656$3,799,302
89$4,468,970$1,099,517$653,339$4,131,161
90$4,882,702$1,111,290$633,123$4,495,501
91$5,337,309$1,122,314$610,903$4,895,607
92$5,836,917$1,132,511$586,571$5,335,098
93$6,386,074$1,141,795$560,013$5,817,963
94$6,989,790$1,150,079$531,110$6,348,597
95$7,653,583$1,157,268$499,737$6,931,844
96$8,383,534$1,163,260$465,764$7,573,040
97$9,186,343$1,167,948$429,055$8,278,067
98$10,069,391$1,171,218$389,469$9,053,405
99$11,040,810$1,172,949$346,858$9,906,197
100$12,109,560$1,173,011$301,065$10,844,313