Can I retire at age 68 with 533,000?

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 $533,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$44,015$43,623$43,240$42,867$42,502$41,954
2 years$21,789$21,384$20,990$20,609$20,239$19,687
3 years$14,382$13,974$13,582$13,204$12,841$12,303
4 years$10,679$10,273$9,884$9,513$9,158$8,638
5 years$8,458$8,054$7,671$7,307$6,962$6,461
6 years$6,977$6,577$6,199$5,843$5,509$5,028
7 years$5,920$5,523$5,151$4,804$4,480$4,020
8 years$5,128$4,734$4,369$4,030$3,717$3,277
9 years$4,512$4,122$3,763$3,433$3,130$2,710
10 years$4,020$3,633$3,281$2,959$2,667$2,267
11 years$3,617$3,235$2,888$2,575$2,294$1,913
12 years$3,282$2,903$2,563$2,259$1,988$1,626
13 years$2,998$2,624$2,290$1,994$1,733$1,390
14 years$2,755$2,385$2,058$1,770$1,519$1,194
15 years$2,545$2,179$1,858$1,579$1,338$1,030
16 years$2,361$1,999$1,684$1,414$1,182$891
17 years$2,199$1,841$1,533$1,270$1,048$773
18 years$2,056$1,701$1,399$1,145$932$673
19 years$1,927$1,576$1,281$1,034$831$587
20 years$1,811$1,465$1,175$937$742$512
21 years$1,707$1,365$1,081$850$664$448
22 years$1,612$1,274$996$773$595$392
23 years$1,526$1,191$920$704$534$344
24 years$1,447$1,116$851$642$480$302
25 years$1,374$1,047$788$586$432$265
26 years$1,307$984$731$536$389$233
27 years$1,245$926$679$491$351$205
28 years$1,188$873$631$450$317$181
29 years$1,135$824$587$412$286$159
30 years$1,085$778$547$378$258$140
31 years$1,039$735$510$348$234$124
32 years$995$696$476$319$211$109
33 years$955$659$444$294$191$96
34 years$916$624$415$270$173$85
35 years$880$592$388$249$157$75
36 years$847$562$363$229$142$66
37 years$815$534$340$211$129$58
38 years$784$507$318$195$117$52
39 years$756$483$298$179$106$46
40 years$729$459$279$165$96$40
41 years$703$437$262$153$87$36
42 years$679$416$246$141$79$31
43 years$655$397$231$130$72$28
44 years$633$378$216$120$65$25
45 years$612$360$203$111$59$22
46 years$592$344$191$102$54$19
47 years$573$328$179$95$49$17
48 years$555$313$169$87$44$15
49 years$537$299$158$81$40$13
50 years$520$286$149$75$37$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $533,000, adding $6,399 every year, while hoping to spend $38,735 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: 65/22/13 Blend
67$533,000$533,000$533,000$533,000
68$593,967$565,718$557,456$630,374
69$613,337$552,224$534,917$642,001
70$633,386$536,771$510,325$649,597
71$654,140$519,222$483,570$656,928
72$675,630$499,431$454,537$663,965
73$697,887$477,246$423,107$670,681
74$720,945$452,504$389,154$677,045
75$744,838$425,034$352,547$683,026
76$769,605$394,654$313,151$688,590
77$795,285$361,172$270,822$693,701
78$821,920$324,386$225,411$698,325
79$849,556$284,081$176,762$702,423
80$878,241$240,031$124,714$705,955
81$908,026$191,997$69,096$708,881
82$938,965$139,725$9,731$711,156
83$971,116$82,949$0$712,738
84$1,004,544$21,387$0$721,017
85$1,039,313$0$0$730,433
86$1,075,497$0$0$750,569
87$1,113,172$0$0$776,931
88$1,152,420$0$0$804,401
89$1,193,332$0$0$833,043
90$1,236,003$0$0$862,923
91$1,280,537$0$0$894,116
92$1,327,044$0$0$926,700
93$1,375,646$0$0$960,762
94$1,426,472$0$0$996,394
95$1,479,664$0$0$1,033,695
96$1,535,373$0$0$1,072,775
97$1,593,766$0$0$1,113,750
98$1,655,020$0$0$1,156,749
99$1,719,332$0$0$1,201,910
100$1,786,911$0$0$1,249,384