Can I retire at age 68 with 537,000?

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 $537,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$44,345$43,950$43,565$43,188$42,821$42,623
2 years$21,953$21,544$21,148$20,764$20,391$20,191
3 years$14,490$14,079$13,684$13,303$12,937$12,741
4 years$10,759$10,350$9,958$9,584$9,227$9,037
5 years$8,521$8,114$7,728$7,362$7,014$6,830
6 years$7,030$6,626$6,246$5,887$5,550$5,373
7 years$5,965$5,564$5,190$4,840$4,514$4,343
8 years$5,167$4,770$4,402$4,060$3,744$3,581
9 years$4,546$4,153$3,791$3,459$3,153$2,997
10 years$4,050$3,661$3,305$2,981$2,687$2,537
11 years$3,644$3,259$2,910$2,595$2,311$2,167
12 years$3,306$2,925$2,582$2,276$2,002$1,865
13 years$3,021$2,643$2,307$2,009$1,746$1,615
14 years$2,776$2,403$2,073$1,784$1,531$1,406
15 years$2,564$2,195$1,872$1,591$1,348$1,229
16 years$2,379$2,014$1,697$1,424$1,191$1,078
17 years$2,216$1,855$1,544$1,280$1,056$949
18 years$2,071$1,714$1,410$1,153$939$837
19 years$1,942$1,588$1,290$1,042$837$741
20 years$1,825$1,476$1,184$944$748$656
21 years$1,720$1,375$1,089$857$669$583
22 years$1,624$1,283$1,004$779$600$518
23 years$1,537$1,200$927$709$538$461
24 years$1,458$1,125$857$647$484$411
25 years$1,384$1,055$794$591$435$367
26 years$1,317$992$736$540$392$328
27 years$1,255$933$684$494$354$293
28 years$1,197$880$636$453$319$262
29 years$1,143$830$592$415$288$235
30 years$1,093$784$551$381$260$210
31 years$1,046$741$514$350$235$188
32 years$1,003$701$479$322$213$169
33 years$962$664$448$296$193$151
34 years$923$629$418$272$174$136
35 years$887$597$391$251$158$122
36 years$853$566$366$231$143$109
37 years$821$538$342$213$130$98
38 years$790$511$321$196$118$88
39 years$761$486$300$181$107$79
40 years$734$463$281$167$97$71
41 years$708$440$264$154$88$64
42 years$684$419$248$142$80$58
43 years$660$400$232$131$72$52
44 years$638$381$218$121$66$47
45 years$617$363$205$112$60$42
46 years$597$346$192$103$54$38
47 years$577$331$181$95$49$34
48 years$559$316$170$88$45$30
49 years$541$301$160$81$41$27
50 years$524$288$150$75$37$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $537,000, adding $4,704 every year, while hoping to spend $30,364 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: 71/21/8 Blend
67$537,000$537,000$537,000$537,000
68$596,626$568,165$559,842$637,847
69$625,175$563,698$546,289$661,252
70$655,618$557,995$531,265$682,660
71$688,117$550,962$514,688$705,257
72$722,847$542,502$496,473$729,154
73$760,004$532,510$476,531$754,471
74$799,798$520,877$454,768$781,343
75$842,462$507,485$431,088$809,919
76$888,253$492,212$405,389$840,362
77$937,450$474,925$377,565$872,854
78$990,361$455,487$347,504$907,596
79$1,047,323$433,752$315,091$944,811
80$1,108,708$409,564$280,205$984,746
81$1,174,923$382,759$242,718$1,027,671
82$1,246,415$353,164$202,499$1,073,890
83$1,323,676$320,596$159,409$1,123,733
84$1,407,247$284,861$113,306$1,177,571
85$1,497,721$245,754$64,037$1,235,810
86$1,595,753$203,060$11,446$1,298,901
87$1,702,059$156,549$0$1,367,342
88$1,817,430$105,982$0$1,445,498
89$1,942,735$51,101$0$1,531,454
90$2,078,928$0$0$1,624,921
91$2,227,061$0$0$1,728,590
92$2,388,290$0$0$1,854,301
93$2,563,888$0$0$1,991,240
94$2,755,255$0$0$2,140,503
95$2,963,931$0$0$2,303,295
96$3,191,613$0$0$2,480,942
97$3,440,167$0$0$2,674,904
98$3,711,648$0$0$2,886,789
99$4,008,319$0$0$3,118,366
100$4,332,670$0$0$3,371,583