Can I retire at age 68 with 517,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$42,693$42,313$41,942$41,580$41,226$40,477
2 years$21,135$20,742$20,360$19,990$19,632$18,879
3 years$13,950$13,555$13,174$12,808$12,455$11,723
4 years$10,358$9,964$9,588$9,227$8,883$8,177
5 years$8,204$7,812$7,440$7,088$6,753$6,075
6 years$6,768$6,379$6,013$5,668$5,343$4,695
7 years$5,743$5,357$4,997$4,660$4,345$3,726
8 years$4,974$4,592$4,238$3,909$3,605$3,014
9 years$4,377$3,998$3,650$3,330$3,036$2,474
10 years$3,899$3,524$3,182$2,870$2,587$2,053
11 years$3,508$3,137$2,801$2,498$2,225$1,718
12 years$3,183$2,816$2,486$2,191$1,928$1,448
13 years$2,908$2,545$2,221$1,934$1,681$1,228
14 years$2,673$2,313$1,996$1,717$1,474$1,045
15 years$2,469$2,113$1,802$1,531$1,298$894
16 years$2,291$1,939$1,634$1,371$1,147$766
17 years$2,133$1,786$1,487$1,232$1,017$659
18 years$1,994$1,650$1,357$1,110$904$568
19 years$1,869$1,529$1,242$1,003$806$490
20 years$1,757$1,421$1,140$909$720$424
21 years$1,656$1,324$1,049$825$644$367
22 years$1,564$1,235$967$750$577$319
23 years$1,480$1,156$892$683$518$277
24 years$1,403$1,083$825$623$466$240
25 years$1,333$1,016$764$569$419$209
26 years$1,268$955$709$520$378$182
27 years$1,208$899$658$476$340$158
28 years$1,152$847$612$436$307$138
29 years$1,101$799$570$400$277$120
30 years$1,052$754$531$367$251$105
31 years$1,007$713$495$337$227$91
32 years$965$675$461$310$205$80
33 years$926$639$431$285$185$70
34 years$889$606$403$262$168$61
35 years$854$574$376$241$152$53
36 years$821$545$352$222$138$46
37 years$790$518$330$205$125$40
38 years$761$492$309$189$113$35
39 years$733$468$289$174$103$31
40 years$707$445$271$161$93$27
41 years$682$424$254$148$85$24
42 years$658$404$238$137$77$21
43 years$636$385$224$126$70$18
44 years$614$367$210$116$63$16
45 years$594$350$197$108$57$14
46 years$574$334$185$99$52$12
47 years$556$318$174$92$47$10
48 years$538$304$163$85$43$9
49 years$521$290$154$78$39$8
50 years$505$277$144$72$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $517,000, adding $2,977 every year, while hoping to spend $30,151 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: 85/7/8 Blend
67$517,000$517,000$517,000$517,000
68$572,805$545,404$537,390$620,742
69$599,150$540,048$523,312$647,125
70$627,173$533,420$507,752$671,694
71$657,011$525,424$490,629$697,737
72$688,818$515,961$471,856$725,383
73$722,760$504,925$451,346$754,773
74$759,019$492,205$429,004$786,063
75$797,798$477,682$404,734$819,423
76$839,314$461,229$378,434$855,042
77$883,810$442,715$349,997$893,127
78$931,549$421,999$319,313$933,906
79$982,822$398,931$286,264$977,631
80$1,037,946$373,355$250,731$1,024,578
81$1,097,272$345,105$212,585$1,075,052
82$1,161,182$314,004$171,696$1,129,389
83$1,230,100$279,867$127,925$1,187,958
84$1,304,487$242,497$81,127$1,251,168
85$1,384,852$201,687$31,152$1,319,467
86$1,471,755$157,218$0$1,393,350
87$1,565,809$108,857$0$1,475,255
88$1,667,692$56,361$0$1,566,851
89$1,778,144$0$0$1,666,153
90$1,897,984$0$0$1,773,947
91$2,028,109$0$0$1,895,712
92$2,169,507$0$0$2,028,034
93$2,323,266$0$0$2,171,929
94$2,490,582$0$0$2,328,518
95$2,672,769$0$0$2,499,034
96$2,871,276$0$0$2,684,832
97$3,087,696$0$0$2,887,405
98$3,323,782$0$0$3,108,395
99$3,581,465$0$0$3,349,610
100$3,862,870$0$0$3,613,039