Can I retire at age 68 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$42,528$42,149$41,780$41,419$41,067$40,706
2 years$21,054$20,661$20,281$19,913$19,556$19,192
3 years$13,896$13,502$13,123$12,758$12,407$12,052
4 years$10,318$9,926$9,551$9,192$8,849$8,505
5 years$8,172$7,782$7,412$7,060$6,727$6,395
6 years$6,742$6,355$5,990$5,646$5,323$5,003
7 years$5,721$5,337$4,977$4,642$4,329$4,022
8 years$4,955$4,574$4,221$3,894$3,591$3,297
9 years$4,360$3,983$3,636$3,317$3,024$2,743
10 years$3,884$3,511$3,170$2,859$2,577$2,308
11 years$3,495$3,125$2,791$2,488$2,216$1,960
12 years$3,171$2,805$2,477$2,183$1,920$1,676
13 years$2,897$2,535$2,213$1,927$1,675$1,443
14 years$2,662$2,304$1,988$1,710$1,468$1,247
15 years$2,459$2,105$1,795$1,525$1,293$1,083
16 years$2,282$1,931$1,627$1,366$1,142$944
17 years$2,125$1,779$1,481$1,227$1,013$825
18 years$1,986$1,644$1,352$1,106$901$723
19 years$1,862$1,523$1,238$999$803$635
20 years$1,750$1,415$1,136$905$717$558
21 years$1,649$1,318$1,045$821$642$492
22 years$1,558$1,231$963$747$575$434
23 years$1,474$1,151$889$680$516$384
24 years$1,398$1,078$822$620$464$340
25 years$1,328$1,012$762$567$418$301
26 years$1,263$951$706$518$376$266
27 years$1,203$895$656$474$339$236
28 years$1,148$844$610$434$306$210
29 years$1,096$796$567$398$276$186
30 years$1,048$752$528$366$250$165
31 years$1,004$710$493$336$226$147
32 years$962$672$460$309$204$131
33 years$922$637$429$284$185$116
34 years$885$603$401$261$167$103
35 years$851$572$375$240$152$92
36 years$818$543$351$221$137$82
37 years$787$516$328$204$124$73
38 years$758$490$307$188$113$65
39 years$730$466$288$173$102$58
40 years$704$444$270$160$93$52
41 years$679$422$253$148$84$46
42 years$656$402$237$136$76$41
43 years$633$383$223$126$69$37
44 years$612$365$209$116$63$33
45 years$592$348$196$107$57$29
46 years$572$332$184$99$52$26
47 years$554$317$173$91$47$23
48 years$536$303$163$85$43$21
49 years$519$289$153$78$39$18
50 years$503$276$144$72$35$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $515,000, adding $2,857 every year, while hoping to spend $29,389 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: 44/47/9 Blend
67$515,000$515,000$515,000$515,000
68$570,477$543,182$535,199$593,990
69$597,396$538,528$521,859$605,934
70$626,076$532,661$507,087$615,644
71$656,665$525,491$490,803$625,498
72$689,326$516,922$472,927$635,521
73$724,237$506,851$453,370$645,742
74$761,595$495,172$432,043$656,193
75$801,612$481,770$408,851$666,914
76$844,525$466,525$383,696$677,949
77$890,591$449,310$356,475$689,353
78$940,094$429,988$327,079$701,185
79$993,344$408,418$295,396$713,515
80$1,050,682$384,447$261,309$726,424
81$1,112,483$357,917$224,694$740,002
82$1,179,159$328,657$185,424$754,355
83$1,251,161$296,490$143,364$769,600
84$1,328,987$261,225$98,375$785,873
85$1,413,183$222,665$50,309$803,327
86$1,504,350$180,597$0$822,135
87$1,603,146$134,799$0$842,586
88$1,710,298$85,035$0$869,969
89$1,826,604$31,057$0$899,711
90$1,952,942$0$0$932,110
91$2,090,276$0$0$981,665
92$2,239,671$0$0$1,053,100
93$2,402,293$0$0$1,130,916
94$2,579,429$0$0$1,215,738
95$2,772,495$0$0$1,308,250
96$2,983,047$0$0$1,409,206
97$3,212,799$0$0$1,519,436
98$3,463,639$0$0$1,639,855
99$3,737,644$0$0$1,771,467
100$4,037,100$0$0$1,915,380