Can I retire at age 68 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$61,852$61,301$60,763$60,239$59,726$58,520
2 years$30,620$30,049$29,497$28,961$28,441$27,231
3 years$20,210$19,638$19,086$18,556$18,044$16,869
4 years$15,007$14,436$13,890$13,368$12,869$11,737
5 years$11,885$11,318$10,779$10,268$9,783$8,697
6 years$9,805$9,242$8,711$8,211$7,741$6,702
7 years$8,320$7,761$7,239$6,751$6,295$5,304
8 years$7,206$6,653$6,139$5,663$5,223$4,279
9 years$6,341$5,792$5,288$4,824$4,398$3,501
10 years$5,649$5,106$4,610$4,158$3,748$2,896
11 years$5,083$4,545$4,059$3,619$3,223$2,417
12 years$4,612$4,080$3,602$3,174$2,793$2,030
13 years$4,213$3,687$3,218$2,802$2,436$1,715
14 years$3,872$3,351$2,891$2,488$2,135$1,456
15 years$3,577$3,061$2,611$2,219$1,880$1,240
16 years$3,318$2,809$2,367$1,986$1,661$1,060
17 years$3,091$2,587$2,154$1,785$1,473$908
18 years$2,889$2,390$1,966$1,608$1,310$780
19 years$2,708$2,215$1,800$1,453$1,167$671
20 years$2,546$2,059$1,652$1,316$1,043$578
21 years$2,399$1,917$1,519$1,195$933$499
22 years$2,266$1,790$1,400$1,086$836$431
23 years$2,144$1,674$1,293$989$751$373
24 years$2,033$1,568$1,196$902$675$323
25 years$1,931$1,472$1,108$824$607$279
26 years$1,837$1,383$1,027$753$547$242
27 years$1,750$1,302$954$690$493$210
28 years$1,669$1,227$887$632$445$182
29 years$1,594$1,157$825$579$402$158
30 years$1,525$1,093$769$532$363$137
31 years$1,459$1,033$717$488$328$119
32 years$1,399$978$669$449$297$104
33 years$1,341$926$624$413$269$90
34 years$1,288$878$583$380$243$78
35 years$1,237$832$545$350$220$68
36 years$1,190$790$510$322$200$59
37 years$1,145$750$477$297$181$51
38 years$1,102$713$447$273$164$45
39 years$1,062$678$419$252$149$39
40 years$1,024$645$393$233$135$34
41 years$988$614$368$215$122$29
42 years$954$585$345$198$111$26
43 years$921$557$324$183$101$22
44 years$890$531$304$169$92$19
45 years$860$506$286$156$83$17
46 years$832$483$268$144$75$15
47 years$805$461$252$133$68$13
48 years$779$440$237$123$62$11
49 years$755$420$223$114$56$10
50 years$731$402$209$105$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $749,000, adding $5,068 every year, while hoping to spend $21,521 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: 32/43/25 Blend
67$749,000$749,000$749,000$749,000
68$830,626$790,929$779,319$850,708
69$892,451$806,786$782,528$882,238
70$959,862$822,699$785,123$913,903
71$1,033,404$838,648$787,062$947,578
72$1,113,681$854,611$788,297$983,454
73$1,201,353$870,564$788,783$1,021,742
74$1,297,152$886,482$788,468$1,062,674
75$1,401,881$902,339$787,300$1,106,508
76$1,516,422$918,103$785,224$1,153,528
77$1,641,751$933,744$782,183$1,204,049
78$1,778,939$949,226$778,115$1,258,417
79$1,929,166$964,514$772,958$1,317,016
80$2,093,733$979,567$766,644$1,380,269
81$2,274,071$994,344$759,104$1,448,643
82$2,471,758$1,008,798$750,265$1,522,656
83$2,688,528$1,022,880$740,050$1,602,878
84$2,926,296$1,036,540$728,380$1,689,940
85$3,187,168$1,049,720$715,171$1,784,537
86$3,473,464$1,062,361$700,334$1,887,439
87$3,787,740$1,074,399$683,778$1,999,493
88$4,132,812$1,085,767$665,406$2,121,639
89$4,511,781$1,096,391$645,119$2,254,910
90$4,928,063$1,106,195$622,812$2,400,449
91$5,385,423$1,115,096$598,373$2,559,519
92$5,888,006$1,123,006$571,689$2,733,512
93$6,440,381$1,129,832$542,639$2,923,966
94$7,047,580$1,135,473$511,097$3,132,578
95$7,715,147$1,139,825$476,933$3,361,222
96$8,449,190$1,142,775$440,008$3,611,965
97$9,256,439$1,144,203$400,180$3,887,091
98$10,144,309$1,143,982$357,299$4,189,117
99$11,120,969$1,141,977$311,209$4,520,823
100$12,195,418$1,138,045$261,745$4,885,277