Can I retire at age 68 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$45,831$45,423$45,025$44,636$44,256$43,169
2 years$22,689$22,266$21,857$21,460$21,075$19,986
3 years$14,976$14,551$14,143$13,749$13,371$12,314
4 years$11,120$10,697$10,292$9,906$9,536$8,520
5 years$8,807$8,386$7,987$7,609$7,249$6,277
6 years$7,265$6,848$6,455$6,085$5,736$4,809
7 years$6,165$5,751$5,364$5,002$4,665$3,782
8 years$5,340$4,930$4,549$4,196$3,870$3,032
9 years$4,698$4,292$3,918$3,574$3,259$2,464
10 years$4,186$3,783$3,416$3,081$2,777$2,025
11 years$3,766$3,368$3,007$2,682$2,388$1,678
12 years$3,417$3,023$2,669$2,352$2,070$1,399
13 years$3,122$2,732$2,385$2,077$1,805$1,174
14 years$2,869$2,483$2,143$1,843$1,582$988
15 years$2,650$2,268$1,934$1,644$1,393$836
16 years$2,459$2,081$1,754$1,472$1,231$709
17 years$2,290$1,917$1,596$1,323$1,092$602
18 years$2,140$1,771$1,457$1,192$971$513
19 years$2,007$1,642$1,334$1,077$865$438
20 years$1,886$1,525$1,224$975$773$374
21 years$1,778$1,421$1,126$885$691$320
22 years$1,679$1,326$1,038$805$620$274
23 years$1,589$1,240$958$733$556$235
24 years$1,507$1,162$886$669$500$202
25 years$1,431$1,091$821$611$450$173
26 years$1,361$1,025$761$558$405$149
27 years$1,297$965$707$511$365$128
28 years$1,237$909$657$468$330$110
29 years$1,181$858$611$429$298$95
30 years$1,130$810$570$394$269$81
31 years$1,081$766$531$362$243$70
32 years$1,036$724$495$333$220$60
33 years$994$686$463$306$199$52
34 years$954$650$432$281$180$45
35 years$917$617$404$259$163$39
36 years$881$585$378$239$148$33
37 years$848$556$354$220$134$29
38 years$817$528$331$203$122$25
39 years$787$502$310$187$110$21
40 years$759$478$291$172$100$18
41 years$732$455$273$159$91$16
42 years$707$433$256$147$82$14
43 years$682$413$240$135$75$12
44 years$659$394$225$125$68$10
45 years$637$375$212$115$62$9
46 years$617$358$199$107$56$7
47 years$597$342$187$99$51$6
48 years$578$326$175$91$46$6
49 years$559$311$165$84$42$5
50 years$542$298$155$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $555,000, adding $4,888 every year, while hoping to spend $32,034 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: 65/10/25 Blend
67$555,000$555,000$555,000$555,000
68$616,652$587,237$578,634$652,412
69$645,467$581,928$563,935$671,811
70$676,147$575,285$547,669$688,973
71$708,848$567,208$529,751$707,009
72$743,744$557,594$510,090$726,006
73$781,020$546,331$488,592$746,065
74$820,883$533,300$465,159$767,294
75$863,558$518,377$439,687$789,815
76$909,293$501,429$412,068$813,764
77$958,358$482,317$382,191$839,292
78$1,011,053$460,892$349,936$866,565
79$1,067,703$436,998$315,181$895,770
80$1,128,667$410,470$277,799$927,114
81$1,194,339$381,131$237,653$960,825
82$1,265,153$348,797$194,605$997,158
83$1,341,582$313,272$148,508$1,036,395
84$1,424,150$274,349$99,210$1,078,850
85$1,513,430$231,809$46,550$1,124,869
86$1,610,053$185,421$0$1,174,837
87$1,714,713$134,941$0$1,231,754
88$1,828,172$80,111$0$1,306,937
89$1,951,268$20,659$0$1,388,528
90$2,084,923$0$0$1,477,157
91$2,230,153$0$0$1,578,328
92$2,388,071$0$0$1,690,842
93$2,559,906$0$0$1,813,306
94$2,747,008$0$0$1,946,686
95$2,950,863$0$0$2,092,046
96$3,173,107$0$0$2,250,557
97$3,415,539$0$0$2,423,507
98$3,680,141$0$0$2,612,316
99$3,969,093$0$0$2,818,543
100$4,284,796$0$0$3,043,909