Can I retire at age 68 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$63,421$62,856$62,305$61,767$61,241$59,092
2 years$31,396$30,812$30,245$29,696$29,163$27,020
3 years$20,723$20,136$19,571$19,026$18,502$16,433
4 years$15,387$14,802$14,242$13,707$13,196$11,216
5 years$12,187$11,605$11,053$10,529$10,031$8,147
6 years$10,054$9,476$8,932$8,420$7,937$6,149
7 years$8,531$7,958$7,423$6,922$6,455$4,763
8 years$7,389$6,822$6,295$5,807$5,355$3,757
9 years$6,502$5,939$5,422$4,946$4,510$3,004
10 years$5,792$5,235$4,727$4,264$3,843$2,427
11 years$5,212$4,661$4,162$3,711$3,305$1,976
12 years$4,729$4,183$3,693$3,255$2,864$1,619
13 years$4,320$3,780$3,300$2,873$2,497$1,333
14 years$3,970$3,436$2,965$2,551$2,189$1,102
15 years$3,667$3,139$2,677$2,275$1,927$914
16 years$3,403$2,880$2,427$2,037$1,704$760
17 years$3,169$2,652$2,208$1,830$1,510$634
18 years$2,962$2,451$2,016$1,649$1,343$529
19 years$2,777$2,272$1,846$1,490$1,197$442
20 years$2,610$2,111$1,694$1,350$1,069$370
21 years$2,460$1,966$1,558$1,225$957$310
22 years$2,323$1,835$1,436$1,114$858$260
23 years$2,199$1,717$1,326$1,014$770$219
24 years$2,085$1,608$1,226$925$692$184
25 years$1,980$1,509$1,136$845$623$154
26 years$1,884$1,418$1,053$773$561$130
27 years$1,794$1,335$978$707$506$109
28 years$1,712$1,258$909$648$456$92
29 years$1,635$1,187$846$594$412$77
30 years$1,563$1,121$788$545$372$65
31 years$1,496$1,059$735$501$337$55
32 years$1,434$1,002$685$460$304$46
33 years$1,375$949$640$423$276$39
34 years$1,320$900$598$389$249$33
35 years$1,269$853$559$358$226$27
36 years$1,220$810$523$330$205$23
37 years$1,174$769$490$304$186$19
38 years$1,130$731$458$280$168$16
39 years$1,089$695$430$259$153$14
40 years$1,050$661$403$238$138$12
41 years$1,013$630$377$220$126$10
42 years$978$600$354$203$114$8
43 years$944$571$332$187$103$7
44 years$912$545$312$173$94$6
45 years$882$519$293$160$85$5
46 years$853$495$275$148$77$4
47 years$826$473$258$136$70$4
48 years$799$451$243$126$64$3
49 years$774$431$228$116$58$2
50 years$750$412$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $768,000, adding $5,459 every year, while hoping to spend $36,362 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: 43/50/7 Blend
67$768,000$768,000$768,000$768,000
68$851,967$811,263$799,359$886,652
69$900,179$812,326$787,449$912,327
70$952,089$812,222$773,921$935,979
71$1,008,038$810,857$758,682$960,760
72$1,068,396$808,127$741,637$986,789
73$1,133,574$803,927$722,683$1,014,194
74$1,204,020$798,140$701,714$1,043,121
75$1,280,228$790,648$678,620$1,073,733
76$1,362,742$781,320$653,284$1,106,212
77$1,452,158$770,020$625,585$1,140,759
78$1,549,132$756,606$595,396$1,177,602
79$1,654,387$740,923$562,585$1,216,992
80$1,768,715$722,809$527,013$1,259,211
81$1,892,991$702,094$488,535$1,304,573
82$2,028,176$678,596$447,000$1,353,427
83$2,175,325$652,122$402,250$1,406,161
84$2,335,601$622,470$354,119$1,463,208
85$2,510,286$589,424$302,435$1,525,050
86$2,700,786$552,757$247,018$1,592,221
87$2,908,653$512,229$187,680$1,665,317
88$3,135,593$467,585$124,224$1,744,998
89$3,383,483$418,556$56,445$1,832,000
90$3,654,392$364,859$0$1,927,138
91$3,950,597$306,194$0$2,032,503
92$4,274,603$242,242$0$2,152,490
93$4,629,170$172,670$0$2,284,011
94$5,017,338$97,124$0$2,428,320
95$5,442,453$15,230$0$2,586,807
96$5,908,201$0$0$2,761,011
97$6,418,638$0$0$2,993,027
98$6,978,236$0$0$3,256,670
99$7,591,918$0$0$3,545,893
100$8,265,105$0$0$3,863,263