Can I retire at age 68 with 519,000?

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 $519,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$42,859$42,477$42,104$41,741$41,386$40,954
2 years$21,217$20,822$20,439$20,068$19,708$19,272
3 years$14,004$13,607$13,225$12,858$12,503$12,078
4 years$10,398$10,003$9,625$9,263$8,917$8,506
5 years$8,236$7,842$7,469$7,115$6,779$6,383
6 years$6,794$6,404$6,036$5,690$5,364$4,983
7 years$5,765$5,378$5,016$4,678$4,362$3,997
8 years$4,993$4,610$4,254$3,924$3,619$3,269
9 years$4,394$4,014$3,664$3,343$3,048$2,714
10 years$3,914$3,538$3,194$2,881$2,597$2,278
11 years$3,522$3,150$2,812$2,508$2,233$1,929
12 years$3,196$2,827$2,496$2,200$1,935$1,646
13 years$2,919$2,555$2,230$1,942$1,688$1,413
14 years$2,683$2,322$2,004$1,724$1,479$1,218
15 years$2,478$2,121$1,809$1,537$1,303$1,055
16 years$2,299$1,946$1,640$1,376$1,151$917
17 years$2,142$1,792$1,492$1,237$1,021$799
18 years$2,002$1,656$1,362$1,115$908$698
19 years$1,876$1,535$1,247$1,007$809$611
20 years$1,764$1,426$1,145$912$723$536
21 years$1,662$1,329$1,053$828$647$471
22 years$1,570$1,240$970$753$580$415
23 years$1,486$1,160$896$685$520$365
24 years$1,409$1,087$829$625$468$322
25 years$1,338$1,020$767$571$421$284
26 years$1,273$959$712$522$379$251
27 years$1,213$902$661$478$342$222
28 years$1,157$850$614$438$308$196
29 years$1,105$802$572$401$278$174
30 years$1,056$757$533$368$252$154
31 years$1,011$716$497$338$227$136
32 years$969$677$463$311$206$121
33 years$929$642$433$286$186$107
34 years$892$608$404$263$169$95
35 years$857$577$378$242$153$84
36 years$824$547$353$223$138$75
37 years$793$520$331$206$125$66
38 years$764$494$310$189$114$59
39 years$736$470$290$175$103$52
40 years$710$447$272$161$94$46
41 years$685$426$255$149$85$41
42 years$661$405$239$137$77$37
43 years$638$386$225$127$70$33
44 years$617$368$211$117$63$29
45 years$596$351$198$108$58$26
46 years$577$335$186$100$52$23
47 years$558$320$175$92$47$20
48 years$540$305$164$85$43$18
49 years$523$291$154$79$39$16
50 years$507$278$145$73$36$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $519,000, adding $6,942 every year, while hoping to spend $31,645 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: 51/24/25 Blend
67$519,000$519,000$519,000$519,000
68$579,099$551,592$543,547$604,256
69$604,497$544,950$528,086$615,809
70$631,425$536,922$511,046$624,596
71$660,005$527,406$492,342$633,510
72$690,373$516,296$471,882$642,575
73$722,674$503,477$449,573$651,821
74$757,069$488,830$425,316$661,283
75$793,733$472,226$399,007$671,001
76$832,860$453,531$370,540$681,022
77$874,660$432,603$339,802$691,398
78$919,365$409,289$306,674$702,193
79$967,227$383,431$271,035$713,475
80$1,018,525$354,860$232,755$725,326
81$1,073,563$323,397$191,701$737,838
82$1,132,676$288,854$147,733$751,115
83$1,196,232$251,030$100,705$765,276
84$1,264,634$209,716$50,464$780,455
85$1,338,323$164,689$0$796,803
86$1,417,786$115,713$0$815,333
87$1,503,558$62,541$0$849,818
88$1,596,225$4,910$0$887,044
89$1,696,433$0$0$927,305
90$1,804,889$0$0$986,099
91$1,922,373$0$0$1,051,237
92$2,049,743$0$0$1,121,902
93$2,187,940$0$0$1,198,623
94$2,338,000$0$0$1,281,982
95$2,501,063$0$0$1,372,618
96$2,678,384$0$0$1,471,236
97$2,871,340$0$0$1,578,608
98$3,081,451$0$0$1,695,587
99$3,310,386$0$0$1,823,112
100$3,559,983$0$0$1,962,212