Can I retire at age 68 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$62,595$62,037$61,493$60,962$60,444$59,321
2 years$30,988$30,410$29,851$29,309$28,783$27,655
3 years$20,453$19,874$19,316$18,778$18,261$17,164
4 years$15,187$14,609$14,057$13,529$13,024$11,967
5 years$12,028$11,454$10,909$10,391$9,901$8,886
6 years$9,923$9,353$8,816$8,310$7,834$6,863
7 years$8,420$7,855$7,326$6,832$6,371$5,444
8 years$7,293$6,733$6,213$5,731$5,285$4,401
9 years$6,417$5,862$5,351$4,882$4,451$3,610
10 years$5,717$5,167$4,665$4,208$3,793$2,994
11 years$5,144$4,600$4,107$3,662$3,262$2,504
12 years$4,667$4,129$3,645$3,212$2,827$2,109
13 years$4,264$3,731$3,257$2,836$2,465$1,787
14 years$3,919$3,392$2,926$2,518$2,161$1,521
15 years$3,620$3,098$2,642$2,245$1,902$1,299
16 years$3,358$2,843$2,395$2,010$1,681$1,113
17 years$3,128$2,618$2,180$1,806$1,491$956
18 years$2,923$2,419$1,990$1,628$1,326$824
19 years$2,741$2,242$1,821$1,471$1,181$711
20 years$2,576$2,083$1,672$1,332$1,055$614
21 years$2,428$1,941$1,538$1,209$944$532
22 years$2,293$1,811$1,417$1,099$847$461
23 years$2,170$1,694$1,308$1,001$760$400
24 years$2,058$1,587$1,210$913$683$347
25 years$1,954$1,490$1,121$834$615$302
26 years$1,859$1,400$1,040$762$554$262
27 years$1,771$1,318$965$698$499$228
28 years$1,689$1,242$897$639$450$199
29 years$1,614$1,171$835$586$407$173
30 years$1,543$1,106$778$538$367$151
31 years$1,477$1,046$725$494$332$131
32 years$1,415$989$677$454$301$114
33 years$1,357$937$632$418$272$100
34 years$1,303$888$590$384$246$87
35 years$1,252$842$552$354$223$76
36 years$1,204$799$516$326$202$66
37 years$1,158$759$483$300$183$58
38 years$1,115$722$452$277$166$50
39 years$1,075$686$424$255$151$44
40 years$1,036$653$397$235$137$38
41 years$1,000$621$373$217$124$34
42 years$965$592$349$200$112$29
43 years$932$564$328$185$102$26
44 years$901$538$308$171$93$22
45 years$871$513$289$158$84$19
46 years$842$489$271$146$76$17
47 years$815$467$255$135$69$15
48 years$789$445$240$124$63$13
49 years$764$425$225$115$57$11
50 years$740$406$212$106$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $758,000, adding $6,408 every year, while hoping to spend $23,410 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$758,000$758,000$758,000$758,000
68$841,926$801,752$790,003$865,087
69$902,894$816,130$791,560$897,184
70$969,297$830,427$792,384$929,199
71$1,041,663$844,616$792,427$963,276
72$1,120,576$858,666$791,637$999,612
73$1,206,677$872,542$789,959$1,038,428
74$1,300,672$886,211$787,336$1,079,967
75$1,403,338$899,633$783,710$1,124,497
76$1,515,531$912,767$779,017$1,172,315
77$1,638,193$925,571$773,191$1,223,750
78$1,772,361$937,996$766,165$1,279,164
79$1,919,176$949,993$757,867$1,338,958
80$2,079,897$961,507$748,221$1,403,576
81$2,255,908$972,483$737,147$1,473,508
82$2,448,734$982,857$724,565$1,549,294
83$2,660,054$992,566$710,387$1,631,534
84$2,891,717$1,001,540$694,522$1,720,888
85$3,145,760$1,009,703$676,877$1,818,087
86$3,424,427$1,016,978$657,352$1,923,937
87$3,730,189$1,023,281$635,844$2,039,330
88$4,065,768$1,028,520$612,243$2,165,250
89$4,434,161$1,032,603$586,438$2,302,784
90$4,838,671$1,035,426$558,310$2,453,134
91$5,282,936$1,036,883$527,734$2,617,626
92$5,770,964$1,036,859$494,582$2,797,724
93$6,307,170$1,035,232$458,718$2,995,045
94$6,896,417$1,031,874$420,000$3,211,376
95$7,544,064$1,026,648$378,283$3,448,687
96$8,256,013$1,019,409$333,410$3,709,154
97$9,038,768$1,010,002$285,221$3,995,180
98$9,899,495$998,264$233,548$4,309,416
99$10,846,087$984,023$178,216$4,654,790
100$11,887,243$967,094$119,040$5,034,532