Can I retire at age 68 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$47,400$46,978$46,566$46,164$45,772$45,483
2 years$23,466$23,029$22,605$22,194$21,796$21,505
3 years$15,488$15,049$14,627$14,220$13,828$13,544
4 years$11,500$11,063$10,645$10,245$9,862$9,587
5 years$9,108$8,673$8,261$7,869$7,497$7,231
6 years$7,514$7,083$6,676$6,293$5,932$5,676
7 years$6,376$5,948$5,548$5,174$4,825$4,578
8 years$5,523$5,098$4,705$4,340$4,002$3,766
9 years$4,859$4,439$4,052$3,697$3,371$3,144
10 years$4,329$3,913$3,533$3,187$2,872$2,655
11 years$3,895$3,483$3,110$2,773$2,470$2,263
12 years$3,534$3,126$2,760$2,433$2,140$1,943
13 years$3,229$2,825$2,466$2,148$1,866$1,678
14 years$2,967$2,568$2,216$1,906$1,636$1,457
15 years$2,741$2,346$2,001$1,700$1,441$1,270
16 years$2,543$2,153$1,814$1,522$1,273$1,111
17 years$2,369$1,982$1,651$1,368$1,129$975
18 years$2,214$1,832$1,507$1,233$1,004$858
19 years$2,075$1,698$1,379$1,114$895$757
20 years$1,951$1,578$1,266$1,009$799$669
21 years$1,838$1,469$1,164$916$715$592
22 years$1,736$1,372$1,073$832$641$525
23 years$1,643$1,283$991$758$575$466
24 years$1,558$1,202$916$691$517$414
25 years$1,480$1,128$849$631$465$368
26 years$1,408$1,060$787$577$419$328
27 years$1,341$998$731$528$378$292
28 years$1,279$940$680$484$341$261
29 years$1,222$887$632$444$308$233
30 years$1,168$838$589$408$278$208
31 years$1,118$792$549$374$252$185
32 years$1,072$749$512$344$228$166
33 years$1,028$710$478$316$206$148
34 years$987$672$447$291$186$132
35 years$948$638$418$268$169$118
36 years$912$605$391$247$153$106
37 years$877$575$366$227$139$95
38 years$845$546$343$210$126$85
39 years$814$520$321$193$114$76
40 years$785$494$301$178$103$68
41 years$757$471$282$164$94$61
42 years$731$448$265$152$85$55
43 years$706$427$248$140$77$49
44 years$682$407$233$129$70$44
45 years$659$388$219$119$64$39
46 years$638$370$206$110$58$35
47 years$617$353$193$102$52$32
48 years$597$337$181$94$48$28
49 years$578$322$171$87$43$25
50 years$560$308$160$80$39$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $574,000, adding $5,813 every year, while hoping to spend $56,145 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: 59/28/13 Blend
67$574,000$574,000$574,000$574,000
68$638,544$608,122$599,225$673,826
69$643,938$578,182$559,561$668,354
70$648,000$544,894$516,687$655,604
71$650,535$508,033$470,435$640,364
72$651,327$467,364$420,632$622,399
73$650,134$422,636$367,095$601,454
74$646,690$373,587$309,635$577,255
75$640,697$319,937$248,052$549,498
76$631,825$261,392$182,139$517,856
77$619,711$197,640$111,681$481,971
78$603,950$128,353$36,450$441,453
79$584,093$53,182$0$395,878
80$559,645$0$0$350,862
81$530,057$0$0$314,313
82$494,720$0$0$290,382
83$452,963$0$0$262,247
84$404,042$0$0$229,424
85$347,134$0$0$191,375
86$281,331$0$0$147,510
87$205,628$0$0$97,174
88$118,914$0$0$39,644
89$19,964$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0