Can I retire at age 68 with 504,000?

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 $504,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$41,620$41,249$40,887$40,534$40,190$38,966
2 years$20,604$20,220$19,848$19,488$19,138$17,915
3 years$13,599$13,214$12,843$12,486$12,142$10,959
4 years$10,098$9,714$9,347$8,995$8,660$7,525
5 years$7,998$7,616$7,253$6,909$6,583$5,501
6 years$6,598$6,219$5,862$5,525$5,209$4,179
7 years$5,598$5,223$4,871$4,543$4,236$3,259
8 years$4,849$4,477$4,131$3,811$3,514$2,590
9 years$4,267$3,898$3,558$3,246$2,960$2,086
10 years$3,801$3,436$3,102$2,798$2,522$1,698
11 years$3,420$3,059$2,731$2,435$2,169$1,393
12 years$3,103$2,745$2,424$2,136$1,879$1,151
13 years$2,835$2,481$2,165$1,886$1,639$955
14 years$2,605$2,255$1,946$1,674$1,437$796
15 years$2,407$2,060$1,757$1,493$1,265$666
16 years$2,233$1,890$1,593$1,337$1,118$559
17 years$2,080$1,741$1,449$1,201$991$470
18 years$1,944$1,608$1,323$1,082$881$396
19 years$1,822$1,491$1,211$978$786$334
20 years$1,713$1,385$1,112$886$702$282
21 years$1,614$1,290$1,022$804$628$239
22 years$1,525$1,204$942$731$563$202
23 years$1,443$1,126$870$666$505$171
24 years$1,368$1,055$805$607$454$145
25 years$1,299$990$745$554$409$123
26 years$1,236$931$691$507$368$105
27 years$1,178$876$642$464$332$89
28 years$1,123$826$597$425$299$75
29 years$1,073$779$555$390$270$64
30 years$1,026$735$517$358$244$54
31 years$982$695$482$329$221$46
32 years$941$658$450$302$200$39
33 years$903$623$420$278$181$33
34 years$866$590$392$256$164$28
35 years$832$560$367$235$148$24
36 years$800$532$343$217$134$21
37 years$770$505$321$200$122$18
38 years$742$480$301$184$110$15
39 years$715$456$282$170$100$13
40 years$689$434$264$156$91$11
41 years$665$413$248$144$82$9
42 years$642$394$232$133$75$8
43 years$620$375$218$123$68$7
44 years$599$357$205$114$62$6
45 years$579$341$192$105$56$5
46 years$560$325$181$97$51$4
47 years$542$310$170$89$46$3
48 years$524$296$159$83$42$3
49 years$508$283$150$76$38$3
50 years$492$270$141$71$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $504,000, adding $6,853 every year, while hoping to spend $30,080 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: 47/48/5 Blend
67$504,000$504,000$504,000$504,000
68$562,477$535,765$527,953$587,863
69$587,845$530,012$513,634$600,223
70$614,792$522,970$497,828$609,891
71$643,448$514,543$480,452$619,668
72$673,954$504,630$461,422$629,571
73$706,465$493,124$440,648$639,625
74$741,151$479,914$418,036$649,853
75$778,198$464,879$393,489$660,289
76$817,809$447,893$366,906$670,967
77$860,208$428,822$338,180$681,932
78$905,639$407,525$307,199$693,233
79$954,372$383,851$273,848$704,927
80$1,006,701$357,643$238,005$717,082
81$1,062,949$328,732$199,543$729,775
82$1,123,472$296,942$158,330$743,092
83$1,188,659$262,086$114,227$757,136
84$1,258,940$223,965$67,091$772,020
85$1,334,783$182,371$16,770$787,876
86$1,416,707$137,083$0$804,852
87$1,505,279$87,868$0$825,088
88$1,601,123$34,479$0$847,885
89$1,704,926$0$0$872,573
90$1,817,442$0$0$911,734
91$1,939,502$0$0$974,022
92$2,072,016$0$0$1,041,695
93$2,215,990$0$0$1,115,273
94$2,372,527$0$0$1,195,327
95$2,542,842$0$0$1,282,484
96$2,728,271$0$0$1,377,437
97$2,930,284$0$0$1,480,945
98$3,150,501$0$0$1,593,845
99$3,390,701$0$0$1,717,060
100$3,652,845$0$0$1,851,603