Can I retire at age 68 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$44,840$44,441$44,051$43,671$43,300$43,045
2 years$22,198$21,785$21,384$20,996$20,619$20,362
3 years$14,652$14,237$13,837$13,452$13,081$12,830
4 years$10,879$10,465$10,070$9,691$9,330$9,086
5 years$8,616$8,205$7,815$7,444$7,092$6,857
6 years$7,108$6,700$6,315$5,953$5,612$5,385
7 years$6,032$5,627$5,248$4,894$4,564$4,346
8 years$5,224$4,823$4,451$4,106$3,786$3,577
9 years$4,597$4,199$3,833$3,497$3,189$2,988
10 years$4,095$3,702$3,342$3,015$2,717$2,525
11 years$3,685$3,295$2,942$2,624$2,337$2,153
12 years$3,343$2,958$2,611$2,301$2,025$1,850
13 years$3,054$2,673$2,333$2,032$1,766$1,599
14 years$2,807$2,430$2,096$1,803$1,548$1,389
15 years$2,593$2,219$1,893$1,608$1,363$1,212
16 years$2,406$2,036$1,716$1,440$1,204$1,061
17 years$2,241$1,875$1,561$1,294$1,068$932
18 years$2,094$1,733$1,425$1,166$950$820
19 years$1,963$1,606$1,305$1,054$846$724
20 years$1,845$1,492$1,198$954$756$640
21 years$1,739$1,390$1,101$866$677$567
22 years$1,643$1,298$1,015$787$606$503
23 years$1,555$1,214$937$717$544$447
24 years$1,474$1,137$867$654$489$398
25 years$1,400$1,067$803$597$440$354
26 years$1,332$1,003$745$546$397$315
27 years$1,269$944$691$500$358$281
28 years$1,210$889$643$458$323$251
29 years$1,156$839$598$420$291$224
30 years$1,105$792$557$386$263$200
31 years$1,058$749$519$354$238$179
32 years$1,014$709$485$325$215$160
33 years$972$671$453$299$195$143
34 years$934$636$423$275$176$128
35 years$897$603$395$253$160$115
36 years$862$573$370$233$145$103
37 years$830$544$346$215$131$92
38 years$799$517$324$198$119$82
39 years$770$492$304$183$108$74
40 years$742$468$285$169$98$66
41 years$716$445$267$156$89$59
42 years$691$424$250$144$81$53
43 years$668$404$235$133$73$48
44 years$645$385$221$122$66$43
45 years$624$367$207$113$60$38
46 years$603$350$194$104$55$34
47 years$584$334$183$96$50$31
48 years$565$319$172$89$45$28
49 years$547$305$161$82$41$25
50 years$530$291$152$76$37$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $543,000, adding $6,014 every year, while hoping to spend $31,960 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: 31/44/25 Blend
67$543,000$543,000$543,000$543,000
68$604,589$575,810$567,394$618,529
69$632,252$570,020$552,396$623,907
70$661,666$562,875$535,825$626,442
71$692,974$554,274$517,594$628,525
72$726,337$544,113$497,613$630,140
73$761,927$532,278$475,786$631,268
74$799,934$518,650$452,016$631,895
75$840,567$503,104$426,198$632,007
76$884,055$485,506$398,226$631,593
77$930,647$465,714$367,985$630,643
78$980,619$443,580$335,358$629,153
79$1,034,272$418,945$300,223$627,121
80$1,091,937$391,643$262,450$624,549
81$1,153,977$361,496$221,904$621,445
82$1,220,792$328,318$178,447$617,824
83$1,292,818$291,911$131,930$613,706
84$1,370,537$252,067$82,201$609,119
85$1,454,478$208,564$29,101$604,101
86$1,545,221$161,170$0$598,700
87$1,643,406$109,640$0$600,329
88$1,749,733$53,712$0$610,470
89$1,864,975$0$0$621,489
90$1,989,980$0$0$636,876
91$2,125,680$0$0$681,881
92$2,273,103$0$0$730,848
93$2,433,377$0$0$784,162
94$2,607,745$0$0$842,245
95$2,797,571$0$0$905,562
96$3,004,361$0$0$974,626
97$3,229,769$0$0$1,050,001
98$3,475,616$0$0$1,132,306
99$3,743,906$0$0$1,222,226
100$4,036,845$0$0$1,320,512