Can I retire at age 68 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$61,439$60,892$60,358$59,836$59,328$58,369
2 years$30,415$29,849$29,300$28,768$28,251$27,288
3 years$20,075$19,507$18,959$18,432$17,924$16,986
4 years$14,907$14,339$13,797$13,279$12,783$11,878
5 years$11,806$11,242$10,707$10,200$9,718$8,848
6 years$9,740$9,180$8,653$8,157$7,689$6,856
7 years$8,264$7,709$7,191$6,706$6,253$5,456
8 years$7,158$6,608$6,098$5,626$5,188$4,427
9 years$6,298$5,754$5,252$4,792$4,369$3,644
10 years$5,611$5,072$4,579$4,130$3,723$3,033
11 years$5,049$4,515$4,031$3,595$3,202$2,547
12 years$4,581$4,052$3,578$3,153$2,774$2,154
13 years$4,185$3,662$3,197$2,784$2,419$1,831
14 years$3,846$3,329$2,872$2,471$2,121$1,565
15 years$3,553$3,041$2,593$2,204$1,867$1,342
16 years$3,296$2,790$2,351$1,973$1,650$1,155
17 years$3,070$2,570$2,139$1,773$1,463$997
18 years$2,869$2,374$1,953$1,598$1,301$862
19 years$2,690$2,201$1,788$1,444$1,160$747
20 years$2,529$2,045$1,641$1,308$1,036$649
21 years$2,383$1,905$1,509$1,187$927$564
22 years$2,251$1,778$1,391$1,079$831$491
23 years$2,130$1,663$1,284$983$746$428
24 years$2,020$1,558$1,188$896$670$373
25 years$1,918$1,462$1,100$818$603$326
26 years$1,825$1,374$1,020$748$543$285
27 years$1,738$1,293$947$685$490$249
28 years$1,658$1,219$881$628$442$218
29 years$1,584$1,150$820$576$399$191
30 years$1,514$1,086$763$528$361$167
31 years$1,450$1,026$712$485$326$146
32 years$1,389$971$664$446$295$128
33 years$1,332$920$620$410$267$112
34 years$1,279$872$579$377$242$98
35 years$1,229$827$542$347$219$86
36 years$1,182$785$507$320$198$76
37 years$1,137$745$474$295$180$66
38 years$1,095$708$444$272$163$58
39 years$1,055$674$416$250$148$51
40 years$1,017$641$390$231$134$45
41 years$981$610$366$213$122$39
42 years$947$581$343$197$110$34
43 years$915$553$322$182$100$30
44 years$884$528$302$168$91$27
45 years$855$503$284$155$83$23
46 years$827$480$266$143$75$20
47 years$800$458$250$132$68$18
48 years$774$437$235$122$62$16
49 years$750$418$221$113$56$14
50 years$726$399$208$104$51$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $744,000, adding $4,024 every year, while hoping to spend $53,748 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: 39/34/27 Blend
67$744,000$744,000$744,000$744,000
68$824,039$784,607$773,075$849,444
69$850,903$765,865$741,785$849,591
70$878,707$744,404$707,646$844,477
71$907,488$720,032$670,505$837,912
72$937,288$692,550$630,204$829,798
73$968,150$661,744$586,575$820,030
74$1,000,121$627,390$539,445$808,500
75$1,033,250$589,248$488,633$795,093
76$1,067,588$547,068$433,948$779,689
77$1,103,191$500,583$375,194$762,163
78$1,140,116$449,511$312,163$742,380
79$1,178,426$393,555$244,638$720,201
80$1,218,187$332,401$172,395$695,480
81$1,259,470$265,717$95,199$668,064
82$1,302,350$193,151$12,802$637,790
83$1,346,908$114,334$0$604,491
84$1,393,231$28,874$0$589,634
85$1,441,409$0$0$576,730
86$1,491,543$0$0$585,787
87$1,543,739$0$0$606,479
88$1,598,110$0$0$628,052
89$1,654,780$0$0$650,556
90$1,713,881$0$0$674,046
91$1,775,555$0$0$698,582
92$1,839,956$0$0$724,228
93$1,907,249$0$0$751,053
94$1,977,614$0$0$779,132
95$2,051,245$0$0$808,547
96$2,128,351$0$0$839,385
97$2,209,161$0$0$871,742
98$2,293,920$0$0$905,722
99$2,382,897$0$0$941,438
100$2,476,382$0$0$979,011