Can I retire at age 68 with 538,000?

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 $538,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$44,428$44,032$43,646$43,269$42,901$41,511
2 years$21,994$21,584$21,187$20,802$20,429$19,042
3 years$14,517$14,106$13,710$13,328$12,961$11,620
4 years$10,779$10,369$9,977$9,602$9,244$7,959
5 years$8,537$8,129$7,743$7,375$7,027$5,802
6 years$7,043$6,638$6,257$5,898$5,560$4,396
7 years$5,976$5,575$5,200$4,849$4,522$3,419
8 years$5,176$4,779$4,410$4,068$3,751$2,708
9 years$4,555$4,161$3,798$3,465$3,159$2,175
10 years$4,057$3,667$3,311$2,987$2,692$1,765
11 years$3,651$3,265$2,915$2,599$2,315$1,444
12 years$3,312$2,930$2,587$2,280$2,006$1,188
13 years$3,026$2,648$2,311$2,013$1,749$983
14 years$2,781$2,407$2,077$1,787$1,534$817
15 years$2,569$2,199$1,875$1,594$1,350$681
16 years$2,384$2,018$1,700$1,427$1,193$569
17 years$2,220$1,858$1,547$1,282$1,058$477
18 years$2,075$1,717$1,412$1,155$941$400
19 years$1,945$1,591$1,293$1,044$839$336
20 years$1,828$1,479$1,186$946$749$283
21 years$1,723$1,377$1,091$858$670$239
22 years$1,627$1,286$1,006$780$601$201
23 years$1,540$1,202$929$711$539$170
24 years$1,460$1,127$859$648$485$143
25 years$1,387$1,057$796$592$436$121
26 years$1,319$994$738$541$393$102
27 years$1,257$935$685$495$354$87
28 years$1,199$881$637$454$320$73
29 years$1,145$831$593$416$289$62
30 years$1,095$785$552$382$261$52
31 years$1,048$742$515$351$236$44
32 years$1,005$702$480$322$213$38
33 years$963$665$448$296$193$32
34 years$925$630$419$273$175$27
35 years$889$598$392$251$158$23
36 years$854$567$366$231$143$19
37 years$822$539$343$213$130$16
38 years$792$512$321$196$118$14
39 years$763$487$301$181$107$12
40 years$736$463$282$167$97$10
41 years$710$441$264$154$88$8
42 years$685$420$248$142$80$7
43 years$662$400$233$131$72$6
44 years$639$382$218$121$66$5
45 years$618$364$205$112$60$4
46 years$598$347$193$103$54$4
47 years$578$331$181$96$49$3
48 years$560$316$170$88$45$3
49 years$542$302$160$82$41$2
50 years$525$288$150$75$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $538,000, adding $5,418 every year, while hoping to spend $21,851 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: 35/44/21 Blend
67$538,000$538,000$538,000$538,000
68$598,465$569,951$561,612$615,424
69$636,259$574,629$557,176$633,052
70$677,176$578,804$551,860$649,654
71$721,510$582,428$545,610$667,119
72$769,588$585,451$538,372$685,537
73$821,766$587,818$530,087$705,008
74$878,437$589,472$520,696$725,645
75$940,033$590,352$510,135$747,571
76$1,007,030$590,393$498,338$770,927
77$1,079,951$589,526$485,236$795,868
78$1,159,371$587,677$470,757$822,565
79$1,245,924$584,770$454,824$851,210
80$1,340,306$580,722$437,359$882,019
81$1,443,285$575,446$418,278$915,228
82$1,555,706$568,848$397,496$951,101
83$1,678,498$560,832$374,922$989,933
84$1,812,683$551,291$350,461$1,032,049
85$1,959,390$540,117$324,014$1,077,811
86$2,119,858$527,193$295,478$1,127,622
87$2,295,452$512,395$264,746$1,181,928
88$2,487,678$495,591$231,704$1,241,225
89$2,698,190$476,644$196,236$1,306,061
90$2,928,813$455,407$158,217$1,377,046
91$3,181,554$431,725$117,520$1,454,856
92$3,458,626$405,433$74,010$1,540,237
93$3,762,465$376,358$27,549$1,634,021
94$4,095,754$344,317$0$1,737,124
95$4,461,449$309,116$0$1,855,503
96$4,862,804$270,550$0$1,992,254
97$5,303,405$228,402$0$2,142,482
98$5,787,202$182,444$0$2,307,603
99$6,318,546$132,433$0$2,489,185
100$6,902,230$78,115$0$2,688,957