Can I retire at age 68 with 558,000?

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 $558,000?

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$46,079$45,669$45,268$44,877$44,496$43,054
2 years$22,811$22,387$21,975$21,576$21,188$19,750
3 years$15,057$14,630$14,219$13,824$13,443$12,052
4 years$11,180$10,755$10,348$9,959$9,588$8,255
5 years$8,854$8,432$8,030$7,650$7,288$6,018
6 years$7,305$6,885$6,490$6,117$5,767$4,560
7 years$6,198$5,782$5,393$5,030$4,690$3,546
8 years$5,369$4,956$4,574$4,219$3,891$2,809
9 years$4,724$4,315$3,939$3,594$3,277$2,256
10 years$4,208$3,804$3,434$3,098$2,792$1,830
11 years$3,787$3,386$3,024$2,696$2,401$1,497
12 years$3,436$3,039$2,683$2,365$2,081$1,233
13 years$3,139$2,747$2,397$2,088$1,814$1,020
14 years$2,885$2,497$2,154$1,853$1,591$847
15 years$2,665$2,281$1,945$1,653$1,400$706
16 years$2,472$2,093$1,763$1,480$1,238$590
17 years$2,303$1,927$1,605$1,330$1,097$494
18 years$2,152$1,781$1,465$1,198$976$415
19 years$2,017$1,650$1,341$1,083$870$349
20 years$1,896$1,534$1,231$981$777$294
21 years$1,787$1,429$1,132$890$695$247
22 years$1,688$1,333$1,043$809$623$209
23 years$1,597$1,247$963$737$559$176
24 years$1,515$1,169$891$672$503$149
25 years$1,439$1,097$825$614$452$126
26 years$1,369$1,031$765$561$408$106
27 years$1,304$970$711$514$367$90
28 years$1,244$914$661$471$332$76
29 years$1,188$862$615$432$299$64
30 years$1,136$814$573$396$271$54
31 years$1,087$770$534$364$245$46
32 years$1,042$728$498$334$221$39
33 years$999$690$465$307$200$33
34 years$959$654$435$283$181$28
35 years$922$620$406$260$164$24
36 years$886$589$380$240$149$20
37 years$853$559$356$221$135$17
38 years$821$531$333$204$122$14
39 years$791$505$312$188$111$12
40 years$763$481$293$173$101$10
41 years$736$457$274$160$91$9
42 years$710$436$257$148$83$7
43 years$686$415$241$136$75$6
44 years$663$396$227$126$68$5
45 years$641$377$213$116$62$5
46 years$620$360$200$107$56$4
47 years$600$344$188$99$51$3
48 years$581$328$176$92$46$3
49 years$562$313$166$85$42$2
50 years$545$299$156$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $558,000, adding $5,107 every year, while hoping to spend $31,300 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: 50/20/30 Blend
67$558,000$558,000$558,000$558,000
68$620,184$590,610$581,961$645,695
69$650,140$586,247$568,154$659,737
70$682,102$580,621$552,835$671,493
71$716,242$573,637$535,921$683,671
72$752,749$565,195$517,324$696,328
73$791,827$555,188$496,952$709,527
74$833,705$543,503$474,711$723,338
75$878,628$530,021$450,500$737,842
76$926,871$514,614$424,214$753,131
77$978,730$497,149$395,744$769,306
78$1,034,535$477,483$364,975$786,485
79$1,094,645$455,468$331,790$804,795
80$1,159,456$430,942$296,062$824,385
81$1,229,402$403,740$257,661$845,416
82$1,304,960$373,683$216,452$868,074
83$1,386,656$340,583$172,293$892,563
84$1,475,065$304,241$125,035$919,115
85$1,570,821$264,449$74,523$947,985
86$1,674,621$220,983$20,596$979,462
87$1,787,232$173,611$0$1,013,866
88$1,909,495$122,084$0$1,063,385
89$2,042,339$66,140$0$1,124,392
90$2,186,781$5,505$0$1,190,792
91$2,343,945$0$0$1,263,142
92$2,515,064$0$0$1,355,285
93$2,701,496$0$0$1,457,048
94$2,904,736$0$0$1,568,041
95$3,126,429$0$0$1,689,171
96$3,368,385$0$0$1,821,434
97$3,632,597$0$0$1,965,926
98$3,921,258$0$0$2,123,856
99$4,236,784$0$0$2,296,553
100$4,581,834$0$0$2,485,481