Can I retire at age 68 with 553,000?

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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$45,666$45,259$44,863$44,475$44,097$43,673
2 years$22,607$22,186$21,778$21,382$20,999$20,571
3 years$14,922$14,499$14,092$13,700$13,322$12,905
4 years$11,080$10,658$10,255$9,870$9,502$9,098
5 years$8,775$8,356$7,958$7,581$7,223$6,834
6 years$7,239$6,823$6,432$6,063$5,715$5,341
7 years$6,143$5,730$5,345$4,984$4,648$4,289
8 years$5,321$4,912$4,533$4,181$3,856$3,512
9 years$4,681$4,277$3,904$3,562$3,247$2,918
10 years$4,171$3,770$3,404$3,070$2,767$2,453
11 years$3,753$3,356$2,997$2,672$2,380$2,080
12 years$3,405$3,012$2,659$2,344$2,062$1,777
13 years$3,111$2,722$2,376$2,069$1,798$1,527
14 years$2,859$2,474$2,135$1,837$1,576$1,319
15 years$2,641$2,260$1,927$1,638$1,388$1,143
16 years$2,450$2,074$1,747$1,467$1,227$995
17 years$2,282$1,910$1,590$1,318$1,088$868
18 years$2,133$1,765$1,452$1,188$967$760
19 years$1,999$1,636$1,329$1,073$862$666
20 years$1,879$1,520$1,220$972$770$585
21 years$1,771$1,416$1,122$882$689$515
22 years$1,673$1,322$1,034$802$618$454
23 years$1,583$1,236$955$730$554$401
24 years$1,501$1,158$883$666$498$354
25 years$1,426$1,087$818$608$448$313
26 years$1,356$1,021$758$556$404$277
27 years$1,292$961$704$509$364$245
28 years$1,233$906$655$466$329$217
29 years$1,177$854$609$428$297$192
30 years$1,126$807$567$393$268$171
31 years$1,078$763$529$361$242$152
32 years$1,033$722$494$331$219$134
33 years$990$684$461$305$198$119
34 years$951$648$431$280$180$106
35 years$913$615$403$258$163$94
36 years$878$583$377$238$147$84
37 years$845$554$353$219$134$74
38 years$814$526$330$202$121$66
39 years$784$501$309$186$110$59
40 years$756$476$290$172$100$52
41 years$729$453$272$158$90$47
42 years$704$432$255$146$82$41
43 years$680$411$239$135$74$37
44 years$657$392$225$125$68$33
45 years$635$374$211$115$61$29
46 years$614$357$198$106$56$26
47 years$594$340$186$98$51$23
48 years$575$325$175$91$46$21
49 years$557$310$164$84$42$18
50 years$540$296$155$78$38$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $553,000, adding $4,813 every year, while hoping to spend $30,007 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: 52/18/30 Blend
67$553,000$553,000$553,000$553,000
68$614,371$585,062$576,490$640,914
69$645,109$581,802$563,875$656,655
70$677,977$577,378$549,832$670,372
71$713,161$571,699$534,281$684,715
72$750,863$564,672$517,139$699,755
73$791,307$556,197$498,319$715,574
74$834,737$546,168$477,730$732,267
75$881,423$534,473$455,277$749,934
76$931,660$520,993$430,861$768,693
77$985,771$505,604$404,376$788,674
78$1,044,113$488,172$375,716$810,021
79$1,107,076$468,556$344,766$832,897
80$1,175,090$446,607$311,408$857,483
81$1,248,627$422,168$275,517$883,982
82$1,328,205$395,073$236,966$912,619
83$1,414,395$365,145$195,617$943,647
84$1,507,824$332,197$151,331$977,345
85$1,609,181$296,034$103,960$1,014,026
86$1,719,225$256,447$53,350$1,054,038
87$1,838,790$213,217$0$1,097,768
88$1,968,792$166,110$0$1,145,856
89$2,110,242$114,883$0$1,216,808
90$2,264,250$59,275$0$1,294,115
91$2,432,037$0$0$1,378,426
92$2,614,949$0$0$1,470,651
93$2,814,465$0$0$1,584,106
94$3,032,215$0$0$1,707,982
95$3,269,992$0$0$1,843,305
96$3,529,770$0$0$1,991,206
97$3,813,721$0$0$2,152,930
98$4,124,239$0$0$2,329,845
99$4,463,958$0$0$2,523,462
100$4,835,777$0$0$2,735,441