Can I retire at age 68 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$44,097$43,704$43,321$42,947$42,582$42,314
2 years$21,830$21,424$21,030$20,648$20,277$20,006
3 years$14,409$14,001$13,608$13,229$12,865$12,600
4 years$10,699$10,292$9,903$9,531$9,175$8,919
5 years$8,474$8,069$7,685$7,321$6,975$6,727
6 years$6,991$6,589$6,211$5,854$5,519$5,280
7 years$5,932$5,533$5,161$4,813$4,488$4,259
8 years$5,138$4,743$4,377$4,038$3,724$3,504
9 years$4,521$4,130$3,770$3,439$3,136$2,925
10 years$4,027$3,640$3,287$2,965$2,672$2,470
11 years$3,624$3,241$2,894$2,580$2,298$2,105
12 years$3,288$2,909$2,568$2,263$1,991$1,807
13 years$3,004$2,629$2,294$1,998$1,736$1,561
14 years$2,761$2,389$2,061$1,774$1,522$1,355
15 years$2,550$2,183$1,861$1,582$1,340$1,182
16 years$2,366$2,003$1,687$1,416$1,184$1,034
17 years$2,204$1,844$1,536$1,272$1,050$907
18 years$2,059$1,704$1,402$1,147$934$798
19 years$1,931$1,579$1,283$1,036$832$704
20 years$1,815$1,468$1,178$938$743$622
21 years$1,710$1,367$1,083$852$665$551
22 years$1,615$1,276$998$774$596$488
23 years$1,529$1,194$922$705$535$433
24 years$1,450$1,118$853$643$481$385
25 years$1,377$1,049$790$587$433$343
26 years$1,310$986$732$537$390$305
27 years$1,248$928$680$492$352$272
28 years$1,190$875$632$450$317$242
29 years$1,137$825$588$413$286$216
30 years$1,087$779$548$379$259$193
31 years$1,041$737$511$348$234$172
32 years$997$697$477$320$212$154
33 years$956$660$445$294$192$138
34 years$918$626$416$271$173$123
35 years$882$593$389$249$157$110
36 years$848$563$364$230$142$99
37 years$816$535$340$211$129$88
38 years$786$508$319$195$117$79
39 years$757$483$299$180$106$71
40 years$730$460$280$166$96$63
41 years$704$438$262$153$87$57
42 years$680$417$246$141$79$51
43 years$657$397$231$130$72$46
44 years$634$379$217$120$65$41
45 years$613$361$204$111$59$37
46 years$593$344$191$103$54$33
47 years$574$329$180$95$49$29
48 years$556$314$169$88$44$26
49 years$538$300$159$81$40$24
50 years$521$286$149$75$37$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $534,000, adding $3,019 every year, while hoping to spend $27,808 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: 59/23/18 Blend
67$534,000$534,000$534,000$534,000
68$591,582$563,280$555,003$623,543
69$622,336$561,293$544,008$643,548
70$655,295$558,277$531,713$662,034
71$690,654$554,152$518,044$681,561
72$728,628$548,833$502,926$702,232
73$769,453$542,230$486,279$724,164
74$813,386$534,249$468,019$747,488
75$860,713$524,788$448,059$772,348
76$911,744$513,742$426,307$798,903
77$966,823$500,995$402,669$827,331
78$1,026,325$486,430$377,045$857,829
79$1,090,664$469,919$349,330$890,617
80$1,160,295$451,329$319,415$925,938
81$1,235,717$430,516$287,188$964,061
82$1,317,480$407,331$252,529$1,005,285
83$1,406,188$381,615$215,313$1,049,941
84$1,502,506$353,201$175,413$1,098,398
85$1,607,163$321,910$132,691$1,151,063
86$1,720,966$287,555$87,008$1,208,386
87$1,844,797$249,938$38,215$1,270,868
88$1,979,629$208,848$0$1,339,062
89$2,126,535$164,065$0$1,416,243
90$2,286,692$115,355$0$1,508,433
91$2,461,398$62,470$0$1,609,069
92$2,652,079$5,150$0$1,719,017
93$2,860,308$0$0$1,839,231
94$3,087,815$0$0$1,985,161
95$3,336,503$0$0$2,146,145
96$3,608,470$0$0$2,322,243
97$3,906,025$0$0$2,514,954
98$4,231,709$0$0$2,725,930
99$4,588,322$0$0$2,956,991
100$4,978,946$0$0$3,210,141