Can I retire at age 68 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$63,503$62,938$62,386$61,847$61,321$60,935
2 years$31,437$30,852$30,284$29,734$29,201$28,811
3 years$20,750$20,162$19,596$19,051$18,526$18,145
4 years$15,407$14,821$14,261$13,725$13,213$12,843
5 years$12,203$11,620$11,067$10,542$10,044$9,688
6 years$10,067$9,489$8,944$8,431$7,948$7,604
7 years$8,542$7,969$7,432$6,931$6,464$6,133
8 years$7,399$6,830$6,303$5,815$5,362$5,045
9 years$6,510$5,947$5,429$4,953$4,516$4,212
10 years$5,800$5,242$4,733$4,269$3,848$3,557
11 years$5,219$4,667$4,167$3,716$3,309$3,032
12 years$4,735$4,189$3,698$3,259$2,868$2,603
13 years$4,326$3,785$3,304$2,877$2,501$2,248
14 years$3,975$3,441$2,969$2,554$2,192$1,952
15 years$3,672$3,143$2,680$2,278$1,930$1,702
16 years$3,407$2,884$2,430$2,040$1,706$1,489
17 years$3,173$2,656$2,211$1,832$1,512$1,307
18 years$2,966$2,454$2,019$1,651$1,345$1,150
19 years$2,780$2,274$1,848$1,492$1,199$1,014
20 years$2,614$2,114$1,696$1,351$1,071$896
21 years$2,463$1,969$1,560$1,227$958$793
22 years$2,326$1,838$1,438$1,115$859$703
23 years$2,202$1,719$1,327$1,016$771$624
24 years$2,087$1,610$1,228$926$693$555
25 years$1,983$1,511$1,137$846$624$493
26 years$1,886$1,420$1,055$774$562$439
27 years$1,797$1,337$979$708$506$392
28 years$1,714$1,260$910$649$457$349
29 years$1,637$1,188$847$595$413$312
30 years$1,565$1,122$789$546$373$278
31 years$1,498$1,061$736$501$337$248
32 years$1,436$1,004$686$461$305$222
33 years$1,377$951$641$424$276$198
34 years$1,322$901$599$390$250$177
35 years$1,270$855$560$359$226$159
36 years$1,221$811$524$331$205$142
37 years$1,175$770$490$305$186$127
38 years$1,132$732$459$281$168$114
39 years$1,090$696$430$259$153$102
40 years$1,051$662$403$239$139$91
41 years$1,014$630$378$220$126$82
42 years$979$600$355$203$114$73
43 years$946$572$333$188$104$66
44 years$914$545$312$173$94$59
45 years$883$520$293$160$85$53
46 years$854$496$275$148$77$47
47 years$827$473$259$137$70$42
48 years$800$452$243$126$64$38
49 years$775$432$229$117$58$34
50 years$751$412$215$108$53$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $769,000, adding $5,754 every year, while hoping to spend $47,496 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: 61/17/22 Blend
67$769,000$769,000$769,000$769,000
68$853,373$812,616$800,697$900,160
69$889,882$801,899$776,985$921,800
70$928,523$789,065$750,886$939,676
71$969,463$773,960$722,272$958,125
72$1,012,885$756,421$691,005$977,210
73$1,058,989$736,275$656,944$997,001
74$1,107,994$713,341$619,939$1,017,579
75$1,160,138$687,423$579,836$1,039,037
76$1,215,684$658,319$536,472$1,061,475
77$1,274,917$625,810$489,677$1,085,010
78$1,338,152$589,668$439,275$1,109,772
79$1,405,733$549,651$385,080$1,135,906
80$1,478,036$505,502$326,899$1,163,577
81$1,555,475$456,951$264,529$1,192,969
82$1,638,503$403,712$197,761$1,224,286
83$1,727,618$345,481$126,373$1,257,761
84$1,823,365$281,939$50,136$1,293,650
85$1,926,344$212,750$0$1,332,243
86$2,037,211$137,555$0$1,381,188
87$2,156,690$55,979$0$1,446,554
88$2,285,574$0$0$1,517,020
89$2,424,735$0$0$1,599,154
90$2,575,130$0$0$1,699,283
91$2,737,812$0$0$1,807,640
92$2,913,938$0$0$1,925,003
93$3,104,780$0$0$2,052,226
94$3,311,737$0$0$2,190,249
95$3,536,348$0$0$2,340,103
96$3,780,303$0$0$2,502,926
97$4,045,464$0$0$2,679,967
98$4,333,878$0$0$2,872,602
99$4,647,797$0$0$3,082,342
100$4,989,700$0$0$3,310,853