Can I retire at age 68 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$61,934$61,383$60,844$60,319$59,806$58,937
2 years$30,661$30,090$29,536$29,000$28,479$27,605
3 years$20,237$19,664$19,112$18,580$18,068$17,217
4 years$15,027$14,455$13,909$13,386$12,886$12,064
5 years$11,901$11,333$10,794$10,282$9,796$9,005
6 years$9,818$9,254$8,723$8,222$7,751$6,993
7 years$8,331$7,772$7,249$6,760$6,304$5,578
8 years$7,216$6,662$6,147$5,671$5,230$4,536
9 years$6,349$5,800$5,295$4,830$4,404$3,743
10 years$5,656$5,113$4,616$4,164$3,753$3,123
11 years$5,090$4,551$4,064$3,624$3,227$2,629
12 years$4,618$4,085$3,607$3,179$2,797$2,228
13 years$4,219$3,692$3,222$2,806$2,439$1,900
14 years$3,877$3,356$2,895$2,491$2,138$1,628
15 years$3,581$3,066$2,614$2,222$1,882$1,400
16 years$3,323$2,813$2,370$1,989$1,664$1,208
17 years$3,095$2,590$2,157$1,787$1,475$1,046
18 years$2,892$2,394$1,969$1,611$1,312$907
19 years$2,712$2,218$1,802$1,455$1,169$789
20 years$2,549$2,061$1,654$1,318$1,044$687
21 years$2,402$1,920$1,521$1,196$934$599
22 years$2,269$1,792$1,402$1,088$838$523
23 years$2,147$1,676$1,295$991$752$457
24 years$2,036$1,571$1,197$903$676$400
25 years$1,934$1,474$1,109$825$608$350
26 years$1,839$1,385$1,029$754$548$307
27 years$1,752$1,304$955$691$494$269
28 years$1,672$1,228$888$633$446$236
29 years$1,597$1,159$826$580$402$208
30 years$1,527$1,094$770$532$364$182
31 years$1,461$1,035$717$489$329$160
32 years$1,400$979$669$449$297$141
33 years$1,343$927$625$413$269$124
34 years$1,289$879$584$380$244$109
35 years$1,239$833$546$350$221$96
36 years$1,191$791$511$322$200$84
37 years$1,146$751$478$297$181$74
38 years$1,104$714$448$274$164$65
39 years$1,063$679$419$252$149$57
40 years$1,025$646$393$233$135$51
41 years$989$615$369$215$123$44
42 years$955$586$346$198$111$39
43 years$922$558$324$183$101$34
44 years$891$532$305$169$92$30
45 years$861$507$286$156$83$27
46 years$833$484$269$144$76$24
47 years$806$462$252$133$69$21
48 years$780$441$237$123$62$18
49 years$756$421$223$114$57$16
50 years$732$402$210$105$51$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $750,000, adding $2,216 every year, while hoping to spend $56,024 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: 67/14/19 Blend
67$750,000$750,000$750,000$750,000
68$828,786$789,036$777,411$880,273
69$853,713$768,089$743,845$894,059
70$879,305$744,239$707,277$902,424
71$905,570$717,283$667,547$910,215
72$932,517$687,009$624,489$917,372
73$960,151$653,190$577,927$923,834
74$988,479$615,588$527,679$929,534
75$1,017,503$573,951$473,556$934,400
76$1,047,226$528,013$415,358$938,356
77$1,077,648$477,490$352,877$941,319
78$1,108,766$422,085$285,897$943,202
79$1,140,577$361,483$214,190$943,910
80$1,173,071$295,352$137,521$943,344
81$1,206,239$223,338$55,643$941,394
82$1,240,065$145,072$0$937,946
83$1,274,532$60,161$0$939,309
84$1,309,616$0$0$951,373
85$1,345,288$0$0$967,661
86$1,381,515$0$0$993,602
87$1,418,256$0$0$1,019,897
88$1,455,462$0$0$1,046,509
89$1,493,079$0$0$1,073,398
90$1,531,042$0$0$1,100,513
91$1,569,275$0$0$1,127,800
92$1,607,693$0$0$1,155,194
93$1,646,198$0$0$1,182,621
94$1,684,677$0$0$1,209,997
95$1,723,005$0$0$1,237,229
96$1,761,036$0$0$1,264,209
97$1,798,609$0$0$1,290,815
98$1,835,539$0$0$1,316,911
99$1,871,620$0$0$1,342,344
100$1,906,621$0$0$1,366,941