Can I retire at age 68 with 532,000?

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 $532,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$43,932$43,541$43,159$42,786$42,422$41,464
2 years$21,749$21,343$20,951$20,570$20,201$19,241
3 years$14,355$13,948$13,557$13,180$12,816$11,884
4 years$10,659$10,253$9,866$9,495$9,141$8,244
5 years$8,442$8,039$7,656$7,293$6,949$6,089
6 years$6,964$6,564$6,187$5,832$5,498$4,677
7 years$5,909$5,513$5,142$4,795$4,472$3,689
8 years$5,119$4,725$4,361$4,023$3,710$2,966
9 years$4,504$4,114$3,756$3,426$3,124$2,418
10 years$4,012$3,627$3,274$2,954$2,662$1,993
11 years$3,610$3,229$2,883$2,570$2,289$1,657
12 years$3,276$2,898$2,558$2,255$1,984$1,386
13 years$2,993$2,619$2,286$1,990$1,730$1,166
14 years$2,750$2,380$2,054$1,767$1,516$986
15 years$2,540$2,174$1,854$1,576$1,335$836
16 years$2,357$1,995$1,681$1,411$1,180$712
17 years$2,195$1,837$1,530$1,268$1,046$607
18 years$2,052$1,698$1,396$1,142$930$519
19 years$1,923$1,574$1,278$1,032$829$445
20 years$1,808$1,462$1,173$935$741$381
21 years$1,704$1,362$1,079$849$663$328
22 years$1,609$1,271$995$772$594$282
23 years$1,523$1,189$918$703$533$242
24 years$1,444$1,114$849$641$479$209
25 years$1,372$1,045$787$585$431$180
26 years$1,305$983$730$535$389$155
27 years$1,243$925$677$490$350$134
28 years$1,186$871$630$449$316$116
29 years$1,132$822$586$412$285$100
30 years$1,083$776$546$378$258$86
31 years$1,037$734$509$347$233$75
32 years$993$694$475$319$211$65
33 years$953$658$443$293$191$56
34 years$915$623$414$270$173$48
35 years$879$591$387$248$157$42
36 years$845$561$362$229$142$36
37 years$813$533$339$211$129$31
38 years$783$506$318$194$117$27
39 years$754$482$298$179$106$23
40 years$727$458$279$165$96$20
41 years$702$436$261$152$87$18
42 years$677$415$245$141$79$15
43 years$654$396$230$130$72$13
44 years$632$377$216$120$65$11
45 years$611$360$203$111$59$10
46 years$591$343$191$102$54$9
47 years$572$328$179$94$49$7
48 years$554$313$168$87$44$6
49 years$536$299$158$81$40$6
50 years$519$285$149$75$36$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $532,000, adding $6,306 every year, while hoping to spend $21,698 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: 35/40/25 Blend
67$532,000$532,000$532,000$532,000
68$592,769$564,573$556,327$608,852
69$630,145$569,150$551,877$625,923
70$670,606$573,225$546,551$641,909
71$714,443$576,749$540,297$658,728
72$761,979$579,672$533,059$676,468
73$813,565$581,940$524,781$695,229
74$869,590$583,496$515,402$715,119
75$930,480$584,279$504,860$736,263
76$996,704$584,225$493,088$758,798
77$1,068,781$583,264$480,019$782,875
78$1,147,276$581,324$465,580$808,666
79$1,232,817$578,328$449,696$836,359
80$1,326,092$574,193$432,288$866,165
81$1,427,858$568,833$413,274$898,319
82$1,538,948$562,155$392,567$933,082
83$1,660,282$554,062$370,079$970,744
84$1,792,869$544,449$345,715$1,011,625
85$1,937,822$533,207$319,377$1,056,085
86$2,096,365$520,220$290,962$1,104,520
87$2,269,848$505,364$260,363$1,157,372
88$2,459,755$488,510$227,467$1,215,128
89$2,667,722$469,519$192,159$1,278,333
90$2,895,549$448,245$154,316$1,347,588
91$3,145,220$424,533$113,811$1,423,560
92$3,418,919$398,221$70,509$1,506,988
93$3,719,050$369,136$24,273$1,598,693
94$4,048,264$337,095$0$1,699,582
95$4,409,479$301,904$0$1,817,348
96$4,805,909$263,361$0$1,953,761
97$5,241,095$221,248$0$2,103,614
98$5,718,937$175,340$0$2,268,317
99$6,243,731$125,394$0$2,449,425
100$6,820,210$71,156$0$2,648,656