Can I retire at age 68 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$63,338$62,774$62,224$61,686$61,162$59,878
2 years$31,356$30,772$30,206$29,657$29,125$27,837
3 years$20,696$20,110$19,545$19,001$18,478$17,227
4 years$15,367$14,783$14,224$13,689$13,179$11,974
5 years$12,171$11,590$11,038$10,515$10,018$8,863
6 years$10,041$9,464$8,921$8,409$7,927$6,823
7 years$8,520$7,948$7,413$6,913$6,447$5,394
8 years$7,380$6,813$6,287$5,799$5,348$4,346
9 years$6,493$5,932$5,415$4,940$4,504$3,552
10 years$5,784$5,229$4,721$4,258$3,838$2,935
11 years$5,205$4,655$4,156$3,706$3,300$2,446
12 years$4,722$4,178$3,688$3,251$2,860$2,052
13 years$4,314$3,775$3,295$2,870$2,494$1,731
14 years$3,965$3,432$2,961$2,547$2,186$1,467
15 years$3,663$3,135$2,673$2,272$1,925$1,248
16 years$3,398$2,876$2,424$2,034$1,701$1,065
17 years$3,165$2,649$2,206$1,828$1,508$911
18 years$2,958$2,448$2,013$1,647$1,341$781
19 years$2,773$2,269$1,843$1,488$1,196$671
20 years$2,607$2,108$1,692$1,348$1,068$578
21 years$2,457$1,964$1,556$1,223$956$498
22 years$2,320$1,833$1,434$1,112$857$429
23 years$2,196$1,714$1,324$1,013$769$371
24 years$2,082$1,606$1,224$924$691$320
25 years$1,977$1,507$1,134$844$622$277
26 years$1,881$1,417$1,052$772$560$240
27 years$1,792$1,333$977$706$505$208
28 years$1,709$1,256$908$647$456$180
29 years$1,633$1,185$845$593$412$156
30 years$1,561$1,119$787$545$372$135
31 years$1,495$1,058$734$500$336$117
32 years$1,432$1,001$685$460$304$102
33 years$1,374$948$639$423$275$88
34 years$1,319$899$597$389$249$76
35 years$1,267$852$558$358$226$66
36 years$1,218$809$522$330$204$58
37 years$1,172$768$489$304$185$50
38 years$1,129$730$458$280$168$43
39 years$1,088$694$429$258$152$38
40 years$1,049$661$402$238$138$33
41 years$1,012$629$377$220$125$28
42 years$977$599$354$203$114$25
43 years$943$571$332$187$103$21
44 years$911$544$311$173$94$19
45 years$881$519$292$160$85$16
46 years$852$495$275$147$77$14
47 years$825$472$258$136$70$12
48 years$798$451$243$126$64$11
49 years$773$430$228$116$58$9
50 years$749$411$214$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $767,000, adding $2,390 every year, while hoping to spend $47,346 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: 57/29/14 Blend
67$767,000$767,000$767,000$767,000
68$847,699$807,048$795,160$892,848
69$883,789$796,218$771,422$912,859
70$921,973$783,270$745,302$929,247
71$962,414$768,051$716,670$946,004
72$1,005,293$750,397$685,391$963,172
73$1,050,803$730,137$651,322$980,800
74$1,099,160$707,088$614,315$998,947
75$1,150,595$681,057$574,216$1,017,677
76$1,205,365$651,838$530,862$1,037,066
77$1,263,751$619,217$484,084$1,057,200
78$1,326,058$582,963$433,706$1,078,177
79$1,392,623$542,835$379,541$1,100,106
80$1,463,813$498,577$321,399$1,123,114
81$1,540,033$449,918$259,077$1,147,342
82$1,621,725$396,572$192,364$1,172,953
83$1,709,375$338,238$121,042$1,200,127
84$1,803,515$274,596$44,881$1,229,069
85$1,904,731$205,309$0$1,260,009
86$2,013,664$130,020$0$1,298,643
87$2,131,021$48,353$0$1,347,333
88$2,257,574$0$0$1,399,734
89$2,394,175$0$0$1,469,045
90$2,541,759$0$0$1,560,651
91$2,701,353$0$0$1,659,766
92$2,874,086$0$0$1,767,100
93$3,061,200$0$0$1,883,429
94$3,264,058$0$0$2,009,610
95$3,484,163$0$0$2,146,586
96$3,723,164$0$0$2,295,390
97$3,982,878$0$0$2,457,163
98$4,265,300$0$0$2,633,158
99$4,572,629$0$0$2,824,753
100$4,907,282$0$0$3,033,466