Can I retire at age 68 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$46,575$46,160$45,755$45,360$44,974$44,653
2 years$23,057$22,627$22,211$21,808$21,416$21,093
3 years$15,218$14,787$14,372$13,972$13,587$13,271
4 years$11,300$10,870$10,459$10,066$9,691$9,384
5 years$8,950$8,522$8,117$7,732$7,367$7,071
6 years$7,383$6,959$6,560$6,183$5,829$5,544
7 years$6,265$5,844$5,451$5,084$4,741$4,467
8 years$5,426$5,010$4,623$4,265$3,933$3,670
9 years$4,775$4,362$3,982$3,632$3,312$3,061
10 years$4,253$3,845$3,471$3,131$2,822$2,582
11 years$3,827$3,423$3,056$2,725$2,427$2,198
12 years$3,473$3,072$2,712$2,390$2,103$1,884
13 years$3,173$2,776$2,423$2,110$1,834$1,626
14 years$2,916$2,524$2,177$1,873$1,608$1,409
15 years$2,693$2,305$1,966$1,671$1,416$1,227
16 years$2,499$2,115$1,782$1,496$1,251$1,072
17 years$2,327$1,948$1,622$1,344$1,109$940
18 years$2,175$1,800$1,480$1,211$986$826
19 years$2,039$1,668$1,355$1,094$879$727
20 years$1,917$1,550$1,244$991$785$642
21 years$1,806$1,444$1,144$900$703$567
22 years$1,706$1,348$1,054$818$630$502
23 years$1,615$1,261$974$745$565$445
24 years$1,531$1,181$900$679$508$395
25 years$1,454$1,108$834$620$457$351
26 years$1,383$1,042$773$567$412$312
27 years$1,318$980$718$519$371$277
28 years$1,257$924$668$476$335$247
29 years$1,201$871$621$436$303$220
30 years$1,148$823$579$400$273$196
31 years$1,099$778$540$368$247$175
32 years$1,053$736$503$338$224$156
33 years$1,010$697$470$311$202$139
34 years$970$661$439$286$183$124
35 years$932$627$411$263$166$111
36 years$896$595$384$242$150$99
37 years$862$565$360$223$136$89
38 years$830$537$337$206$124$79
39 years$800$511$315$190$112$71
40 years$771$486$296$175$102$63
41 years$744$462$277$162$92$57
42 years$718$440$260$149$84$51
43 years$693$420$244$138$76$45
44 years$670$400$229$127$69$40
45 years$648$381$215$117$63$36
46 years$627$364$202$108$57$32
47 years$606$347$190$100$52$29
48 years$587$331$178$93$47$26
49 years$568$317$168$86$43$23
50 years$551$302$158$79$39$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $564,000, adding $3,299 every year, while hoping to spend $48,772 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: 52/30/18 Blend
67$564,000$564,000$564,000$564,000
68$624,931$595,039$586,297$654,187
69$636,781$572,303$554,045$651,902
70$648,205$546,818$519,078$644,044
71$659,108$518,398$481,253$634,436
72$669,384$486,847$440,422$622,928
73$678,914$451,955$396,429$609,357
74$687,566$413,503$349,112$593,548
75$695,191$371,259$298,301$575,311
76$701,625$324,975$243,818$554,443
77$706,685$274,393$185,480$530,721
78$710,165$219,237$123,092$503,906
79$711,840$159,217$56,454$473,740
80$711,456$94,027$0$439,943
81$708,734$23,344$0$405,027
82$703,363$0$0$377,603
83$694,998$0$0$364,058
84$683,256$0$0$356,252
85$667,713$0$0$346,234
86$647,900$0$0$333,735
87$623,297$0$0$318,453
88$593,327$0$0$300,060
89$557,354$0$0$278,188
90$514,672$0$0$252,432
91$464,502$0$0$222,343
92$405,979$0$0$187,427
93$338,152$0$0$147,135
94$259,965$0$0$100,861
95$170,254$0$0$47,938
96$67,731$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0