Can I retire at age 68 with 499,000?

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 $499,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$41,207$40,840$40,482$40,132$39,791$38,782
2 years$20,399$20,020$19,651$19,294$18,948$17,938
3 years$13,465$13,083$12,716$12,362$12,021$11,042
4 years$9,998$9,617$9,254$8,906$8,574$7,632
5 years$7,918$7,540$7,181$6,841$6,518$5,617
6 years$6,532$6,157$5,804$5,471$5,157$4,298
7 years$5,543$5,171$4,823$4,498$4,194$3,377
8 years$4,801$4,432$4,090$3,773$3,479$2,703
9 years$4,224$3,859$3,523$3,214$2,930$2,195
10 years$3,763$3,402$3,071$2,770$2,497$1,801
11 years$3,386$3,028$2,704$2,411$2,147$1,490
12 years$3,072$2,718$2,400$2,115$1,861$1,242
13 years$2,807$2,456$2,144$1,867$1,623$1,040
14 years$2,580$2,233$1,926$1,657$1,422$875
15 years$2,383$2,040$1,739$1,478$1,252$738
16 years$2,211$1,871$1,577$1,323$1,107$625
17 years$2,059$1,723$1,435$1,189$981$531
18 years$1,924$1,592$1,310$1,072$873$451
19 years$1,804$1,476$1,199$968$778$385
20 years$1,696$1,371$1,100$877$695$328
21 years$1,598$1,277$1,012$796$622$280
22 years$1,509$1,192$933$724$557$240
23 years$1,429$1,115$861$659$500$205
24 years$1,355$1,045$797$601$450$176
25 years$1,286$981$738$549$405$151
26 years$1,224$922$684$502$364$129
27 years$1,166$867$635$459$329$111
28 years$1,112$817$591$421$296$95
29 years$1,062$771$550$386$268$82
30 years$1,016$728$512$354$242$70
31 years$972$688$477$325$219$60
32 years$932$651$445$299$198$52
33 years$894$617$416$275$179$45
34 years$858$585$389$253$162$38
35 years$824$554$363$233$147$33
36 years$793$526$340$214$133$28
37 years$763$500$318$198$121$24
38 years$734$475$298$182$109$21
39 years$708$452$279$168$99$18
40 years$682$430$262$155$90$16
41 years$658$409$245$143$82$13
42 years$635$390$230$132$74$11
43 years$614$371$216$122$67$10
44 years$593$354$203$112$61$9
45 years$573$337$190$104$55$7
46 years$554$322$179$96$50$6
47 years$536$307$168$89$46$5
48 years$519$293$158$82$41$5
49 years$503$280$148$76$38$4
50 years$487$268$139$70$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $499,000, adding $6,832 every year, while hoping to spend $28,961 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: 59/33/8 Blend
67$499,000$499,000$499,000$499,000
68$556,945$530,498$522,764$588,422
69$582,939$525,678$509,462$605,547
70$610,614$519,652$494,744$620,314
71$640,111$512,328$478,532$635,696
72$671,583$503,614$460,744$651,753
73$705,200$493,406$441,294$668,553
74$741,148$481,600$420,095$686,172
75$779,628$468,082$397,051$704,696
76$820,865$452,733$372,067$724,220
77$865,101$435,425$345,039$744,851
78$912,606$416,025$315,863$766,708
79$963,673$394,391$284,425$789,924
80$1,018,625$370,374$250,611$814,648
81$1,077,817$343,814$214,299$841,045
82$1,141,638$314,545$175,362$869,300
83$1,210,516$282,389$133,667$899,619
84$1,284,922$247,159$89,078$932,232
85$1,365,371$208,657$41,450$967,395
86$1,452,432$166,675$0$1,005,391
87$1,546,729$120,990$0$1,047,339
88$1,648,947$71,371$0$1,096,616
89$1,759,842$17,570$0$1,150,087
90$1,880,244$0$0$1,208,202
91$2,011,064$0$0$1,286,227
92$2,153,308$0$0$1,378,040
93$2,308,080$0$0$1,477,976
94$2,476,595$0$0$1,586,827
95$2,660,192$0$0$1,705,460
96$2,860,341$0$0$1,834,833
97$3,078,663$0$0$1,975,997
98$3,316,941$0$0$2,130,111
99$3,577,136$0$0$2,298,450
100$3,861,411$0$0$2,482,419