Can I retire at age 68 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$43,849$43,459$43,078$42,706$42,343$41,539
2 years$21,708$21,303$20,912$20,532$20,163$19,356
3 years$14,328$13,922$13,531$13,155$12,792$12,008
4 years$10,639$10,234$9,847$9,477$9,124$8,367
5 years$8,426$8,024$7,642$7,279$6,936$6,210
6 years$6,951$6,552$6,176$5,821$5,488$4,793
7 years$5,898$5,502$5,132$4,786$4,463$3,800
8 years$5,109$4,716$4,352$4,015$3,703$3,071
9 years$4,495$4,107$3,749$3,420$3,118$2,517
10 years$4,005$3,620$3,268$2,948$2,657$2,086
11 years$3,603$3,222$2,877$2,566$2,285$1,744
12 years$3,269$2,892$2,554$2,250$1,980$1,468
13 years$2,987$2,614$2,281$1,987$1,727$1,243
14 years$2,745$2,376$2,050$1,764$1,514$1,057
15 years$2,536$2,170$1,851$1,573$1,333$902
16 years$2,353$1,991$1,678$1,408$1,178$773
17 years$2,191$1,834$1,527$1,265$1,044$663
18 years$2,048$1,695$1,394$1,140$929$571
19 years$1,920$1,571$1,276$1,030$828$492
20 years$1,805$1,459$1,171$933$739$425
21 years$1,701$1,359$1,077$847$662$368
22 years$1,606$1,269$993$770$593$318
23 years$1,520$1,187$917$701$532$276
24 years$1,441$1,112$848$640$478$239
25 years$1,369$1,044$785$584$431$208
26 years$1,302$981$728$534$388$181
27 years$1,241$923$676$489$350$157
28 years$1,183$870$629$448$315$137
29 years$1,130$821$585$411$285$119
30 years$1,081$775$545$377$257$103
31 years$1,035$733$508$346$233$90
32 years$991$693$474$318$211$78
33 years$951$656$443$293$191$68
34 years$913$622$413$269$172$60
35 years$877$590$387$248$156$52
36 years$843$560$362$228$142$45
37 years$812$532$338$210$128$39
38 years$781$506$317$194$116$34
39 years$753$481$297$179$105$30
40 years$726$457$278$165$96$26
41 years$700$435$261$152$87$23
42 years$676$415$245$140$79$20
43 years$653$395$230$130$71$17
44 years$631$377$216$120$65$15
45 years$610$359$202$110$59$13
46 years$590$343$190$102$53$12
47 years$571$327$179$94$49$10
48 years$553$312$168$87$44$9
49 years$535$298$158$81$40$8
50 years$518$285$148$74$36$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $531,000, adding $4,162 every year, while hoping to spend $35,373 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: 64/14/22 Blend
67$531,000$531,000$531,000$531,000
68$589,455$561,312$553,082$623,578
69$611,943$551,180$533,973$636,939
70$635,539$539,365$513,039$647,181
71$660,319$525,749$490,181$657,558
72$686,365$510,205$465,296$668,087
73$713,767$492,597$438,275$678,786
74$742,621$472,784$409,008$689,679
75$773,034$450,617$377,375$700,791
76$805,121$425,935$343,255$712,153
77$839,009$398,570$306,519$723,798
78$874,833$368,346$267,033$735,769
79$912,744$335,073$224,657$748,110
80$952,905$298,553$179,244$760,874
81$995,495$258,576$130,643$774,123
82$1,040,710$214,920$78,693$787,926
83$1,088,762$167,350$23,229$802,360
84$1,139,885$115,620$0$817,515
85$1,194,335$59,467$0$841,933
86$1,252,391$0$0$873,655
87$1,314,361$0$0$907,607
88$1,380,579$0$0$953,699
89$1,451,415$0$0$1,003,028
90$1,527,271$0$0$1,055,879
91$1,608,591$0$0$1,112,562
92$1,695,860$0$0$1,173,419
93$1,789,611$0$0$1,238,827
94$1,890,429$0$0$1,309,196
95$1,998,956$0$0$1,384,980
96$2,115,897$0$0$1,466,674
97$2,242,028$0$0$1,554,824
98$2,378,199$0$0$1,650,029
99$2,525,344$0$0$1,752,950
100$2,684,493$0$0$1,864,308