Can I retire at age 68 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$62,843$62,283$61,737$61,204$60,683$60,100
2 years$31,110$30,531$29,969$29,425$28,897$28,309
3 years$20,534$19,952$19,392$18,853$18,333$17,759
4 years$15,247$14,667$14,112$13,582$13,075$12,520
5 years$12,076$11,499$10,952$10,433$9,940$9,404
6 years$9,962$9,390$8,851$8,343$7,865$7,350
7 years$8,453$7,886$7,355$6,859$6,396$5,902
8 years$7,322$6,759$6,238$5,754$5,306$4,833
9 years$6,442$5,885$5,372$4,901$4,469$4,016
10 years$5,739$5,188$4,684$4,225$3,808$3,375
11 years$5,164$4,618$4,124$3,677$3,275$2,863
12 years$4,686$4,145$3,660$3,225$2,838$2,445
13 years$4,281$3,746$3,270$2,847$2,475$2,101
14 years$3,934$3,405$2,938$2,528$2,169$1,815
15 years$3,634$3,110$2,652$2,254$1,910$1,574
16 years$3,372$2,854$2,405$2,018$1,688$1,369
17 years$3,140$2,628$2,188$1,813$1,497$1,195
18 years$2,935$2,429$1,998$1,634$1,331$1,046
19 years$2,751$2,251$1,829$1,477$1,186$917
20 years$2,586$2,092$1,678$1,337$1,060$806
21 years$2,437$1,948$1,544$1,214$948$709
22 years$2,302$1,819$1,423$1,104$850$625
23 years$2,179$1,701$1,314$1,005$763$551
24 years$2,066$1,594$1,215$917$686$487
25 years$1,962$1,496$1,125$837$617$430
26 years$1,866$1,406$1,044$765$556$381
27 years$1,778$1,323$969$701$501$337
28 years$1,696$1,246$901$642$452$299
29 years$1,620$1,176$838$589$408$265
30 years$1,549$1,111$781$540$369$235
31 years$1,483$1,050$728$496$334$208
32 years$1,421$993$679$456$302$185
33 years$1,363$941$634$419$273$164
34 years$1,308$892$593$386$247$146
35 years$1,257$846$554$355$224$130
36 years$1,209$803$518$327$203$115
37 years$1,163$762$485$301$184$102
38 years$1,120$724$454$278$167$91
39 years$1,079$689$426$256$151$81
40 years$1,040$655$399$236$137$72
41 years$1,004$624$374$218$124$64
42 years$969$594$351$201$113$57
43 years$936$566$329$186$102$51
44 years$904$540$309$171$93$45
45 years$874$515$290$158$84$40
46 years$845$491$273$146$77$36
47 years$818$468$256$135$70$32
48 years$792$447$241$125$63$28
49 years$767$427$226$115$57$25
50 years$743$408$213$107$52$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $761,000, adding $6,672 every year, while hoping to spend $44,044 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: 73/15/12 Blend
67$761,000$761,000$761,000$761,000
68$845,504$805,171$793,376$904,672
69$884,883$797,762$773,091$937,282
70$926,803$788,514$750,651$966,893
71$971,475$777,290$725,937$998,130
72$1,019,134$763,945$698,824$1,031,141
73$1,070,033$748,326$669,182$1,066,093
74$1,124,453$730,271$636,877$1,103,168
75$1,182,701$709,607$601,765$1,142,568
76$1,245,111$686,153$563,699$1,184,516
77$1,312,053$659,715$522,524$1,229,259
78$1,383,932$630,090$478,077$1,277,071
79$1,461,190$597,062$430,191$1,328,254
80$1,544,316$560,403$378,687$1,383,142
81$1,633,845$519,871$323,381$1,442,106
82$1,730,364$475,211$264,081$1,505,554
83$1,834,518$426,154$200,585$1,573,937
84$1,947,017$372,414$132,683$1,647,757
85$2,068,641$313,690$60,156$1,727,565
86$2,200,246$249,664$0$1,813,973
87$2,342,773$180,000$0$1,909,863
88$2,497,259$104,343$0$2,022,137
89$2,664,841$22,317$0$2,143,942
90$2,846,771$0$0$2,276,222
91$3,044,427$0$0$2,430,991
92$3,259,324$0$0$2,603,295
93$3,493,127$0$0$2,790,791
94$3,747,671$0$0$2,994,954
95$4,024,973$0$0$3,217,406
96$4,327,254$0$0$3,459,932
97$4,656,957$0$0$3,724,498
98$5,016,771$0$0$4,013,267
99$5,409,659$0$0$4,328,619
100$5,838,877$0$0$4,673,177