Can I retire at age 68 with 559,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.2%
1 years$46,162$45,751$45,349$44,958$44,575$42,926
2 years$22,852$22,427$22,014$21,614$21,226$19,583
3 years$15,084$14,656$14,245$13,849$13,467$11,881
4 years$11,200$10,774$10,366$9,977$9,605$8,089
5 years$8,870$8,447$8,045$7,663$7,301$5,860
6 years$7,318$6,897$6,501$6,128$5,777$4,411
7 years$6,209$5,792$5,403$5,039$4,698$3,407
8 years$5,378$4,965$4,582$4,227$3,898$2,680
9 years$4,732$4,323$3,946$3,600$3,283$2,136
10 years$4,216$3,811$3,441$3,103$2,797$1,720
11 years$3,793$3,392$3,029$2,701$2,405$1,396
12 years$3,442$3,045$2,688$2,369$2,084$1,140
13 years$3,144$2,752$2,402$2,092$1,818$936
14 years$2,890$2,501$2,158$1,857$1,593$771
15 years$2,669$2,285$1,948$1,656$1,403$637
16 years$2,477$2,096$1,766$1,483$1,240$528
17 years$2,307$1,931$1,607$1,332$1,099$438
18 years$2,156$1,784$1,467$1,200$978$365
19 years$2,021$1,653$1,343$1,085$871$304
20 years$1,900$1,536$1,233$982$778$253
21 years$1,790$1,431$1,134$892$696$211
22 years$1,691$1,336$1,045$811$624$177
23 years$1,600$1,249$965$738$560$148
24 years$1,517$1,171$892$673$504$124
25 years$1,441$1,099$827$615$453$103
26 years$1,371$1,032$767$562$408$87
27 years$1,306$972$712$515$368$73
28 years$1,246$916$662$472$332$61
29 years$1,190$864$616$432$300$51
30 years$1,138$816$574$397$271$43
31 years$1,089$771$535$364$245$36
32 years$1,044$730$499$335$222$30
33 years$1,001$691$466$308$201$25
34 years$961$655$435$283$182$21
35 years$923$621$407$261$164$18
36 years$888$590$381$240$149$15
37 years$854$560$356$221$135$12
38 years$823$532$334$204$122$10
39 years$793$506$313$188$111$9
40 years$764$481$293$174$101$7
41 years$737$458$275$160$91$6
42 years$712$436$258$148$83$5
43 years$687$416$242$136$75$4
44 years$664$396$227$126$68$4
45 years$642$378$213$116$62$3
46 years$621$361$200$107$56$3
47 years$601$344$188$99$51$2
48 years$582$329$177$92$46$2
49 years$563$314$166$85$42$2
50 years$546$300$156$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $559,000, adding $4,490 every year, while hoping to spend $24,670 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: 42/30/28 Blend
67$559,000$559,000$559,000$559,000
68$620,649$591,022$582,358$641,469
69$657,707$593,734$575,618$659,590
70$697,718$595,751$567,826$676,544
71$740,956$597,015$558,920$694,434
72$787,726$597,460$548,835$713,362
73$838,358$597,020$537,506$733,440
74$893,219$595,623$524,861$754,795
75$952,710$593,191$510,826$777,568
76$1,017,274$589,644$495,326$801,916
77$1,087,395$584,896$478,279$828,012
78$1,163,609$578,856$459,601$856,052
79$1,246,504$571,427$439,204$886,252
80$1,336,727$562,506$416,997$918,853
81$1,434,990$551,985$392,883$954,121
82$1,542,075$539,749$366,761$992,355
83$1,658,846$525,676$338,527$1,033,885
84$1,786,251$509,637$308,071$1,079,078
85$1,925,335$491,496$275,277$1,128,341
86$2,077,248$471,107$240,027$1,182,126
87$2,243,255$448,319$202,196$1,240,935
88$2,424,749$422,969$161,651$1,305,324
89$2,623,265$394,886$118,259$1,375,911
90$2,840,493$363,890$71,875$1,453,378
91$3,078,291$329,789$22,351$1,538,484
92$3,338,710$292,382$0$1,632,069
93$3,624,003$251,454$0$1,744,174
94$3,936,656$206,780$0$1,874,437
95$4,279,405$158,121$0$2,017,362
96$4,655,262$105,227$0$2,174,266
97$5,067,546$47,830$0$2,346,600
98$5,519,912$0$0$2,535,967
99$6,016,388$0$0$2,748,874
100$6,561,407$0$0$3,000,004