Can I retire at age 68 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$46,162$45,751$45,349$44,958$44,575$44,313
2 years$22,852$22,427$22,014$21,614$21,226$20,962
3 years$15,084$14,656$14,245$13,849$13,467$13,208
4 years$11,200$10,774$10,366$9,977$9,605$9,354
5 years$8,870$8,447$8,045$7,663$7,301$7,059
6 years$7,318$6,897$6,501$6,128$5,777$5,544
7 years$6,209$5,792$5,403$5,039$4,698$4,474
8 years$5,378$4,965$4,582$4,227$3,898$3,682
9 years$4,732$4,323$3,946$3,600$3,283$3,076
10 years$4,216$3,811$3,441$3,103$2,797$2,599
11 years$3,793$3,392$3,029$2,701$2,405$2,217
12 years$3,442$3,045$2,688$2,369$2,084$1,904
13 years$3,144$2,752$2,402$2,092$1,818$1,646
14 years$2,890$2,501$2,158$1,857$1,593$1,430
15 years$2,669$2,285$1,948$1,656$1,403$1,247
16 years$2,477$2,096$1,766$1,483$1,240$1,092
17 years$2,307$1,931$1,607$1,332$1,099$959
18 years$2,156$1,784$1,467$1,200$978$845
19 years$2,021$1,653$1,343$1,085$871$745
20 years$1,900$1,536$1,233$982$778$659
21 years$1,790$1,431$1,134$892$696$584
22 years$1,691$1,336$1,045$811$624$518
23 years$1,600$1,249$965$738$560$460
24 years$1,517$1,171$892$673$504$409
25 years$1,441$1,099$827$615$453$364
26 years$1,371$1,032$767$562$408$325
27 years$1,306$972$712$515$368$290
28 years$1,246$916$662$472$332$258
29 years$1,190$864$616$432$300$231
30 years$1,138$816$574$397$271$206
31 years$1,089$771$535$364$245$184
32 years$1,044$730$499$335$222$165
33 years$1,001$691$466$308$201$147
34 years$961$655$435$283$182$132
35 years$923$621$407$261$164$118
36 years$888$590$381$240$149$106
37 years$854$560$356$221$135$95
38 years$823$532$334$204$122$85
39 years$793$506$313$188$111$76
40 years$764$481$293$174$101$68
41 years$737$458$275$160$91$61
42 years$712$436$258$148$83$55
43 years$687$416$242$136$75$49
44 years$664$396$227$126$68$44
45 years$642$378$213$116$62$40
46 years$621$361$200$107$56$35
47 years$601$344$188$99$51$32
48 years$582$329$177$92$46$29
49 years$563$314$166$85$42$26
50 years$546$300$156$78$38$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $559,000, adding $3,258 every year, while hoping to spend $45,927 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: 45/27/28 Blend
67$559,000$559,000$559,000$559,000
68$619,379$589,752$581,087$642,110
69$633,689$569,783$551,688$638,621
70$647,920$547,298$519,764$630,177
71$662,015$522,122$485,183$620,138
72$675,910$494,075$447,806$608,381
73$689,533$462,965$407,487$594,773
74$702,802$428,587$364,075$579,174
75$715,628$390,728$317,411$561,431
76$727,907$349,159$267,330$541,381
77$739,527$303,641$213,659$518,851
78$750,359$253,920$156,217$493,653
79$760,262$199,728$94,816$465,586
80$769,075$140,781$29,259$434,433
81$776,622$76,781$0$399,965
82$782,706$7,411$0$374,090
83$787,106$0$0$354,501
84$789,579$0$0$352,327
85$789,853$0$0$351,228
86$787,627$0$0$348,849
87$782,566$0$0$345,025
88$774,299$0$0$339,569
89$762,414$0$0$332,276
90$746,454$0$0$322,919
91$725,914$0$0$311,245
92$700,233$0$0$296,975
93$668,792$0$0$279,799
94$630,903$0$0$259,377
95$585,807$0$0$235,329
96$532,665$0$0$207,238
97$470,545$0$0$174,640
98$398,421$0$0$137,024
99$315,156$0$0$93,826
100$219,496$0$0$44,421