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%12.8%
1 years$44,345$43,950$43,565$43,188$42,821$42,321
2 years$21,953$21,544$21,148$20,764$20,391$19,888
3 years$14,490$14,079$13,684$13,303$12,937$12,446
4 years$10,759$10,350$9,958$9,584$9,227$8,752
5 years$8,521$8,114$7,728$7,362$7,014$6,557
6 years$7,030$6,626$6,246$5,887$5,550$5,111
7 years$5,965$5,564$5,190$4,840$4,514$4,093
8 years$5,167$4,770$4,402$4,060$3,744$3,342
9 years$4,546$4,153$3,791$3,459$3,153$2,769
10 years$4,050$3,661$3,305$2,981$2,687$2,320
11 years$3,644$3,259$2,910$2,595$2,311$1,961
12 years$3,306$2,925$2,582$2,276$2,002$1,670
13 years$3,021$2,643$2,307$2,009$1,746$1,431
14 years$2,776$2,403$2,073$1,784$1,531$1,231
15 years$2,564$2,195$1,872$1,591$1,348$1,064
16 years$2,379$2,014$1,697$1,424$1,191$923
17 years$2,216$1,855$1,544$1,280$1,056$803
18 years$2,071$1,714$1,410$1,153$939$700
19 years$1,942$1,588$1,290$1,042$837$611
20 years$1,825$1,476$1,184$944$748$535
21 years$1,720$1,375$1,089$857$669$469
22 years$1,624$1,283$1,004$779$600$412
23 years$1,537$1,200$927$709$538$362
24 years$1,458$1,125$857$647$484$319
25 years$1,384$1,055$794$591$435$281
26 years$1,317$992$736$540$392$247
27 years$1,255$933$684$494$354$218
28 years$1,197$880$636$453$319$192
29 years$1,143$830$592$415$288$170
30 years$1,093$784$551$381$260$150
31 years$1,046$741$514$350$235$133
32 years$1,003$701$479$322$213$117
33 years$962$664$448$296$193$104
34 years$923$629$418$272$174$92
35 years$887$597$391$251$158$81
36 years$853$566$366$231$143$72
37 years$821$538$342$213$130$64
38 years$790$511$321$196$118$56
39 years$761$486$300$181$107$50
40 years$734$463$281$167$97$44
41 years$708$440$264$154$88$39
42 years$684$419$248$142$80$35
43 years$660$400$232$131$72$31
44 years$638$381$218$121$66$27
45 years$617$363$205$112$60$24
46 years$597$346$192$103$54$21
47 years$577$331$181$95$49$19
48 years$559$316$170$88$45$17
49 years$541$301$160$81$41$15
50 years$524$288$150$75$37$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $537,000, adding $2,391 every year, while hoping to spend $51,383 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: 72/6/22 Blend
67$537,000$537,000$537,000$537,000
68$594,240$565,779$557,456$633,646
69$600,182$538,831$521,459$633,265
70$605,007$508,841$482,535$626,500
71$608,548$475,604$440,530$617,816
72$610,618$438,907$395,286$607,015
73$611,009$398,521$346,636$593,880
74$609,490$354,207$294,407$578,174
75$605,806$305,711$238,417$559,636
76$599,671$252,764$178,477$537,981
77$590,770$195,082$114,389$512,896
78$578,755$132,368$45,947$484,039
79$563,238$64,303$0$451,033
80$543,789$0$0$419,825
81$519,935$0$0$396,152
82$491,148$0$0$372,796
83$456,848$0$0$345,049
84$416,391$0$0$312,399
85$369,066$0$0$274,283
86$314,084$0$0$230,074
87$250,576$0$0$179,082
88$177,581$0$0$120,543
89$94,036$0$0$53,614
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0