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%11.5%
1 years$45,666$45,259$44,863$44,475$44,097$43,819
2 years$22,607$22,186$21,778$21,382$20,999$20,718
3 years$14,922$14,499$14,092$13,700$13,322$13,048
4 years$11,080$10,658$10,255$9,870$9,502$9,236
5 years$8,775$8,356$7,958$7,581$7,223$6,966
6 years$7,239$6,823$6,432$6,063$5,715$5,468
7 years$6,143$5,730$5,345$4,984$4,648$4,411
8 years$5,321$4,912$4,533$4,181$3,856$3,628
9 years$4,681$4,277$3,904$3,562$3,247$3,029
10 years$4,171$3,770$3,404$3,070$2,767$2,558
11 years$3,753$3,356$2,997$2,672$2,380$2,180
12 years$3,405$3,012$2,659$2,344$2,062$1,872
13 years$3,111$2,722$2,376$2,069$1,798$1,617
14 years$2,859$2,474$2,135$1,837$1,576$1,404
15 years$2,641$2,260$1,927$1,638$1,388$1,224
16 years$2,450$2,074$1,747$1,467$1,227$1,071
17 years$2,282$1,910$1,590$1,318$1,088$940
18 years$2,133$1,765$1,452$1,188$967$827
19 years$1,999$1,636$1,329$1,073$862$729
20 years$1,879$1,520$1,220$972$770$644
21 years$1,771$1,416$1,122$882$689$570
22 years$1,673$1,322$1,034$802$618$506
23 years$1,583$1,236$955$730$554$449
24 years$1,501$1,158$883$666$498$399
25 years$1,426$1,087$818$608$448$355
26 years$1,356$1,021$758$556$404$316
27 years$1,292$961$704$509$364$282
28 years$1,233$906$655$466$329$251
29 years$1,177$854$609$428$297$224
30 years$1,126$807$567$393$268$200
31 years$1,078$763$529$361$242$179
32 years$1,033$722$494$331$219$160
33 years$990$684$461$305$198$143
34 years$951$648$431$280$180$128
35 years$913$615$403$258$163$114
36 years$878$583$377$238$147$102
37 years$845$554$353$219$134$91
38 years$814$526$330$202$121$82
39 years$784$501$309$186$110$73
40 years$756$476$290$172$100$66
41 years$729$453$272$158$90$59
42 years$704$432$255$146$82$53
43 years$680$411$239$135$74$47
44 years$657$392$225$125$68$42
45 years$635$374$211$115$61$38
46 years$614$357$198$106$56$34
47 years$594$340$186$98$51$30
48 years$575$325$175$91$46$27
49 years$557$310$164$84$42$24
50 years$540$296$155$78$38$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $553,000, adding $3,380 every year, while hoping to spend $44,041 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: 43/32/25 Blend
67$553,000$553,000$553,000$553,000
68$612,892$583,583$575,012$634,654
69$628,548$565,320$547,416$632,231
70$644,325$544,685$517,419$625,130
71$660,188$521,517$484,894$616,570
72$676,099$495,643$449,710$606,440
73$692,012$466,881$411,727$594,622
74$707,878$435,038$370,800$580,991
75$723,639$399,912$326,779$565,411
76$739,229$361,287$279,505$547,739
77$754,575$318,935$228,813$527,821
78$769,595$272,616$174,532$505,494
79$784,195$222,076$116,480$480,580
80$798,272$167,047$54,471$452,894
81$811,709$107,245$0$422,233
82$824,375$42,371$0$391,505
83$836,123$0$0$373,066
84$846,792$0$0$362,002
85$856,197$0$0$365,222
86$864,138$0$0$367,710
87$870,388$0$0$369,356
88$874,696$0$0$370,040
89$876,783$0$0$369,628
90$876,338$0$0$367,973
91$873,016$0$0$364,910
92$866,435$0$0$360,255
93$856,170$0$0$353,806
94$841,751$0$0$345,338
95$822,657$0$0$334,604
96$798,308$0$0$321,327
97$768,066$0$0$305,202
98$731,222$0$0$285,893
99$686,992$0$0$263,024
100$634,507$0$0$236,185