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%15.4%
1 years$46,079$45,669$45,268$44,877$44,496$43,508
2 years$22,811$22,387$21,975$21,576$21,188$20,199
3 years$15,057$14,630$14,219$13,824$13,443$12,482
4 years$11,180$10,755$10,348$9,959$9,588$8,663
5 years$8,854$8,432$8,030$7,650$7,288$6,402
6 years$7,305$6,885$6,490$6,117$5,767$4,920
7 years$6,198$5,782$5,393$5,030$4,690$3,883
8 years$5,369$4,956$4,574$4,219$3,891$3,123
9 years$4,724$4,315$3,939$3,594$3,277$2,548
10 years$4,208$3,804$3,434$3,098$2,792$2,101
11 years$3,787$3,386$3,024$2,696$2,401$1,748
12 years$3,436$3,039$2,683$2,365$2,081$1,464
13 years$3,139$2,747$2,397$2,088$1,814$1,232
14 years$2,885$2,497$2,154$1,853$1,591$1,042
15 years$2,665$2,281$1,945$1,653$1,400$885
16 years$2,472$2,093$1,763$1,480$1,238$754
17 years$2,303$1,927$1,605$1,330$1,097$643
18 years$2,152$1,781$1,465$1,198$976$550
19 years$2,017$1,650$1,341$1,083$870$472
20 years$1,896$1,534$1,231$981$777$405
21 years$1,787$1,429$1,132$890$695$348
22 years$1,688$1,333$1,043$809$623$300
23 years$1,597$1,247$963$737$559$258
24 years$1,515$1,169$891$672$503$223
25 years$1,439$1,097$825$614$452$192
26 years$1,369$1,031$765$561$408$166
27 years$1,304$970$711$514$367$143
28 years$1,244$914$661$471$332$124
29 years$1,188$862$615$432$299$107
30 years$1,136$814$573$396$271$92
31 years$1,087$770$534$364$245$80
32 years$1,042$728$498$334$221$69
33 years$999$690$465$307$200$60
34 years$959$654$435$283$181$52
35 years$922$620$406$260$164$45
36 years$886$589$380$240$149$39
37 years$853$559$356$221$135$34
38 years$821$531$333$204$122$29
39 years$791$505$312$188$111$25
40 years$763$481$293$173$101$22
41 years$736$457$274$160$91$19
42 years$710$436$257$148$83$16
43 years$686$415$241$136$75$14
44 years$663$396$227$126$68$12
45 years$641$377$213$116$62$11
46 years$620$360$200$107$56$9
47 years$600$344$188$99$51$8
48 years$581$328$176$92$46$7
49 years$562$313$166$85$42$6
50 years$545$299$156$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $558,000, adding $5,587 every year, while hoping to spend $23,618 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: 66/8/26 Blend
67$558,000$558,000$558,000$558,000
68$620,679$591,105$582,456$657,089
69$658,859$594,940$576,839$686,140
70$700,142$598,171$570,242$714,728
71$744,819$600,744$562,608$745,452
72$793,210$602,601$553,875$778,525
73$845,669$603,680$543,982$814,181
74$902,583$603,915$532,861$852,678
75$964,378$603,238$520,442$894,303
76$1,031,522$601,574$506,655$939,370
77$1,104,531$598,846$491,422$988,227
78$1,183,973$594,969$474,664$1,041,260
79$1,270,471$589,855$456,299$1,098,891
80$1,364,713$583,412$436,238$1,161,591
81$1,467,454$575,540$414,393$1,229,874
82$1,579,526$566,133$390,667$1,304,314
83$1,701,845$555,081$364,961$1,385,539
84$1,835,419$542,265$337,173$1,474,244
85$1,981,356$527,561$307,193$1,571,199
86$2,140,879$510,836$274,908$1,677,248
87$2,315,332$491,950$240,201$1,793,328
88$2,506,196$470,756$202,948$1,920,469
89$2,715,102$447,096$163,020$2,059,809
90$2,943,843$420,805$120,283$2,212,605
91$3,194,398$391,708$74,595$2,380,241
92$3,468,944$359,618$25,811$2,564,247
93$3,769,878$324,341$0$2,766,309
94$4,099,840$285,669$0$2,995,570
95$4,461,740$243,383$0$3,254,914
96$4,858,781$197,252$0$3,539,484
97$5,294,492$147,033$0$3,851,825
98$5,772,758$92,465$0$4,194,742
99$6,297,862$33,279$0$4,571,327
100$6,874,520$0$0$4,984,983