Can I retire at age 68 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$64,164$63,592$63,035$62,491$61,959$59,880
2 years$31,764$31,173$30,599$30,044$29,504$27,430
3 years$20,966$20,372$19,800$19,249$18,719$16,715
4 years$15,568$14,975$14,409$13,868$13,350$11,432
5 years$12,330$11,741$11,182$10,652$10,149$8,321
6 years$10,172$9,587$9,037$8,518$8,030$6,294
7 years$8,631$8,051$7,510$7,003$6,531$4,886
8 years$7,476$6,902$6,369$5,875$5,418$3,864
9 years$6,578$6,009$5,485$5,004$4,563$3,097
10 years$5,860$5,297$4,782$4,314$3,888$2,508
11 years$5,273$4,715$4,210$3,754$3,344$2,048
12 years$4,784$4,232$3,737$3,293$2,897$1,682
13 years$4,371$3,825$3,338$2,907$2,527$1,389
14 years$4,017$3,477$3,000$2,581$2,215$1,152
15 years$3,710$3,176$2,708$2,301$1,950$958
16 years$3,442$2,914$2,455$2,061$1,723$799
17 years$3,206$2,684$2,234$1,852$1,528$668
18 years$2,997$2,480$2,040$1,669$1,359$559
19 years$2,809$2,298$1,867$1,508$1,211$469
20 years$2,641$2,136$1,714$1,366$1,082$394
21 years$2,489$1,989$1,576$1,239$968$331
22 years$2,350$1,857$1,453$1,127$868$279
23 years$2,224$1,737$1,341$1,026$779$235
24 years$2,109$1,627$1,240$936$700$198
25 years$2,003$1,527$1,149$855$630$167
26 years$1,906$1,435$1,066$782$567$140
27 years$1,815$1,351$989$715$512$119
28 years$1,732$1,273$920$655$462$100
29 years$1,654$1,201$856$601$417$84
30 years$1,582$1,134$797$552$377$71
31 years$1,514$1,072$743$507$341$60
32 years$1,451$1,014$694$466$308$51
33 years$1,391$960$648$428$279$43
34 years$1,336$910$605$394$252$36
35 years$1,283$863$566$363$229$31
36 years$1,234$820$529$334$207$26
37 years$1,187$778$495$308$188$22
38 years$1,143$740$464$284$170$18
39 years$1,102$703$435$262$154$16
40 years$1,062$669$407$241$140$13
41 years$1,025$637$382$223$127$11
42 years$989$607$358$205$115$9
43 years$955$578$336$190$105$8
44 years$923$551$316$175$95$7
45 years$892$525$296$162$86$6
46 years$863$501$278$149$78$5
47 years$835$478$261$138$71$4
48 years$809$457$246$127$65$3
49 years$783$436$231$118$59$3
50 years$759$417$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 $777,000, adding $4,942 every year, while hoping to spend $33,431 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: 79/12/9 Blend
67$777,000$777,000$777,000$777,000
68$861,352$820,171$808,127$927,830
69$913,639$824,789$799,629$976,781
70$970,140$828,513$789,726$1,025,617
71$1,031,247$831,263$778,335$1,078,206
72$1,097,396$832,956$765,371$1,134,907
73$1,169,062$833,503$750,742$1,196,116
74$1,246,769$832,807$734,355$1,262,269
75$1,331,094$830,770$716,111$1,333,844
76$1,422,671$827,283$695,905$1,411,371
77$1,522,196$822,232$673,631$1,495,433
78$1,630,437$815,499$649,175$1,586,672
79$1,748,238$806,954$622,418$1,685,794
80$1,876,526$796,462$593,237$1,793,581
81$2,016,323$783,881$561,502$1,910,891
82$2,168,754$769,057$527,078$2,038,672
83$2,335,057$751,830$489,825$2,177,968
84$2,516,592$732,029$449,594$2,329,929
85$2,714,860$709,474$406,230$2,495,824
86$2,931,510$683,974$359,574$2,677,051
87$3,168,361$655,325$309,457$2,875,150
88$3,427,413$623,315$255,702$3,091,821
89$3,710,867$587,716$198,127$3,328,935
90$4,021,151$548,289$136,539$3,588,557
91$4,360,935$504,781$70,740$3,872,961
92$4,733,160$456,925$519$4,184,655
93$5,141,065$404,437$0$4,526,404
94$5,588,218$347,019$0$4,908,400
95$6,078,547$284,354$0$5,327,374
96$6,616,381$216,109$0$5,787,001
97$7,206,484$141,932$0$6,291,388
98$7,854,109$61,449$0$6,845,056
99$8,565,037$0$0$7,452,991
100$9,345,638$0$0$8,124,085