Can I retire at age 68 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$63,999$63,429$62,873$62,330$61,800$59,560
2 years$31,683$31,093$30,521$29,966$29,428$27,196
3 years$20,912$20,319$19,749$19,200$18,671$16,516
4 years$15,528$14,937$14,372$13,832$13,316$11,256
5 years$12,298$11,711$11,153$10,624$10,123$8,163
6 years$10,145$9,563$9,014$8,496$8,010$6,151
7 years$8,609$8,031$7,490$6,985$6,514$4,756
8 years$7,456$6,884$6,352$5,860$5,404$3,745
9 years$6,561$5,994$5,471$4,991$4,551$2,989
10 years$5,845$5,283$4,770$4,303$3,878$2,410
11 years$5,259$4,703$4,199$3,745$3,335$1,959
12 years$4,772$4,221$3,727$3,284$2,890$1,602
13 years$4,359$3,815$3,330$2,900$2,520$1,316
14 years$4,006$3,468$2,992$2,574$2,209$1,086
15 years$3,701$3,168$2,701$2,296$1,945$899
16 years$3,434$2,906$2,449$2,055$1,719$746
17 years$3,198$2,677$2,229$1,847$1,524$620
18 years$2,989$2,473$2,034$1,664$1,355$517
19 years$2,802$2,292$1,862$1,504$1,208$431
20 years$2,634$2,130$1,709$1,362$1,079$360
21 years$2,482$1,984$1,572$1,236$966$301
22 years$2,344$1,852$1,449$1,124$866$252
23 years$2,219$1,732$1,338$1,024$777$211
24 years$2,104$1,623$1,237$934$698$177
25 years$1,998$1,523$1,146$853$628$148
26 years$1,901$1,431$1,063$780$566$124
27 years$1,811$1,347$987$714$510$104
28 years$1,727$1,269$917$654$460$87
29 years$1,650$1,198$854$600$416$73
30 years$1,578$1,131$795$550$376$62
31 years$1,510$1,069$741$505$340$52
32 years$1,447$1,012$692$464$307$43
33 years$1,388$958$646$427$278$36
34 years$1,332$908$603$393$252$31
35 years$1,280$861$564$362$228$26
36 years$1,231$817$528$333$207$22
37 years$1,184$776$494$307$187$18
38 years$1,140$738$463$283$170$15
39 years$1,099$702$433$261$154$13
40 years$1,060$667$406$241$140$11
41 years$1,022$635$381$222$127$9
42 years$987$605$357$205$115$8
43 years$953$577$335$189$104$6
44 years$921$550$315$175$95$5
45 years$890$524$296$161$86$5
46 years$861$500$278$149$78$4
47 years$833$477$261$138$71$3
48 years$807$455$245$127$64$3
49 years$781$435$230$118$58$2
50 years$757$415$217$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $775,000, adding $5,760 every year, while hoping to spend $24,562 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: 65/28/7 Blend
67$775,000$775,000$775,000$775,000
68$859,991$818,916$806,904$914,430
69$921,577$832,910$807,801$965,361
70$988,621$846,765$807,906$1,017,529
71$1,061,654$860,451$807,165$1,073,879
72$1,141,260$873,931$805,522$1,134,814
73$1,228,084$887,168$802,922$1,200,779
74$1,322,831$900,121$799,302$1,272,266
75$1,426,281$912,749$794,600$1,349,815
76$1,539,291$925,003$788,749$1,434,022
77$1,662,805$936,835$781,679$1,525,544
78$1,797,863$948,192$773,317$1,625,103
79$1,945,609$959,017$763,587$1,733,499
80$2,107,302$969,249$752,408$1,851,609
81$2,284,330$978,826$739,697$1,980,403
82$2,478,220$987,677$725,365$2,120,948
83$2,690,655$995,730$709,322$2,274,421
84$2,923,488$1,002,906$691,470$2,442,120
85$3,178,759$1,009,124$671,709$2,625,475
86$3,458,715$1,014,294$649,934$2,826,062
87$3,765,832$1,018,322$626,035$3,045,620
88$4,102,837$1,021,110$599,897$3,286,062
89$4,472,732$1,022,550$571,399$3,549,501
90$4,878,825$1,022,529$540,416$3,838,265
91$5,324,761$1,020,929$506,815$4,154,918
92$5,814,554$1,017,622$470,461$4,502,289
93$6,352,626$1,012,472$431,208$4,883,496
94$6,943,848$1,005,338$388,908$5,301,975
95$7,593,587$996,066$343,403$5,761,516
96$8,307,756$984,496$294,531$6,266,293
97$9,092,868$970,458$242,118$6,820,910
98$9,956,100$953,770$185,989$7,430,442
99$10,905,358$934,240$125,955$8,100,483
100$11,949,353$911,666$61,823$8,837,198