Can I retire at age 68 with 519,000?

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 $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%14.7%
1 years$42,859$42,477$42,104$41,741$41,386$40,583
2 years$21,217$20,822$20,439$20,068$19,708$18,902
3 years$14,004$13,607$13,225$12,858$12,503$11,720
4 years$10,398$10,003$9,625$9,263$8,917$8,163
5 years$8,236$7,842$7,469$7,115$6,779$6,055
6 years$6,794$6,404$6,036$5,690$5,364$4,671
7 years$5,765$5,378$5,016$4,678$4,362$3,701
8 years$4,993$4,610$4,254$3,924$3,619$2,989
9 years$4,394$4,014$3,664$3,343$3,048$2,449
10 years$3,914$3,538$3,194$2,881$2,597$2,028
11 years$3,522$3,150$2,812$2,508$2,233$1,695
12 years$3,196$2,827$2,496$2,200$1,935$1,425
13 years$2,919$2,555$2,230$1,942$1,688$1,206
14 years$2,683$2,322$2,004$1,724$1,479$1,025
15 years$2,478$2,121$1,809$1,537$1,303$874
16 years$2,299$1,946$1,640$1,376$1,151$748
17 years$2,142$1,792$1,492$1,237$1,021$642
18 years$2,002$1,656$1,362$1,115$908$552
19 years$1,876$1,535$1,247$1,007$809$476
20 years$1,764$1,426$1,145$912$723$410
21 years$1,662$1,329$1,053$828$647$355
22 years$1,570$1,240$970$753$580$307
23 years$1,486$1,160$896$685$520$266
24 years$1,409$1,087$829$625$468$230
25 years$1,338$1,020$767$571$421$200
26 years$1,273$959$712$522$379$174
27 years$1,213$902$661$478$342$151
28 years$1,157$850$614$438$308$131
29 years$1,105$802$572$401$278$114
30 years$1,056$757$533$368$252$99
31 years$1,011$716$497$338$227$86
32 years$969$677$463$311$206$75
33 years$929$642$433$286$186$65
34 years$892$608$404$263$169$57
35 years$857$577$378$242$153$49
36 years$824$547$353$223$138$43
37 years$793$520$331$206$125$38
38 years$764$494$310$189$114$33
39 years$736$470$290$175$103$28
40 years$710$447$272$161$94$25
41 years$685$426$255$149$85$22
42 years$661$405$239$137$77$19
43 years$638$386$225$127$70$16
44 years$617$368$211$117$63$14
45 years$596$351$198$108$58$12
46 years$577$335$186$100$52$11
47 years$558$320$175$92$47$9
48 years$540$305$164$85$43$8
49 years$523$291$154$79$39$7
50 years$507$278$145$73$36$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $519,000, adding $3,273 every year, while hoping to spend $20,901 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: 51/30/19 Blend
67$519,000$519,000$519,000$519,000
68$575,314$547,807$539,763$601,477
69$611,758$552,411$535,606$624,463
70$651,218$556,540$530,610$647,010
71$693,981$560,149$524,724$671,077
72$740,360$563,190$517,895$696,813
73$790,701$565,610$510,069$724,387
74$845,383$567,356$501,187$753,983
75$904,825$568,370$491,190$785,806
76$969,487$568,589$480,015$820,084
77$1,039,874$567,949$467,594$857,066
78$1,116,542$566,380$453,860$897,030
79$1,200,105$563,808$438,739$940,283
80$1,291,235$560,154$422,157$987,164
81$1,390,676$555,337$404,034$1,038,048
82$1,499,243$549,266$384,287$1,093,352
83$1,617,836$541,850$362,831$1,153,533
84$1,747,444$532,990$339,574$1,219,099
85$1,889,156$522,579$314,423$1,290,611
86$2,044,173$510,508$287,279$1,368,688
87$2,213,814$496,659$258,038$1,454,016
88$2,399,534$480,906$226,594$1,547,352
89$2,602,935$463,119$192,833$1,649,533
90$2,825,781$443,158$156,639$1,761,483
91$3,070,013$420,875$117,889$1,884,223
92$3,337,771$396,115$76,455$2,018,881
93$3,631,410$368,711$32,203$2,166,703
94$3,953,526$338,490$0$2,329,066
95$4,306,977$305,268$0$2,510,535
96$4,694,911$268,848$0$2,716,907
97$5,120,796$229,026$0$2,943,531
98$5,588,452$185,582$0$3,192,485
99$6,102,086$138,288$0$3,466,063
100$6,666,336$86,901$0$3,766,791