Can I retire at age 68 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$47,483$47,060$46,647$46,245$45,851$45,241
2 years$23,506$23,069$22,644$22,233$21,834$21,220
3 years$15,515$15,076$14,652$14,245$13,852$13,254
4 years$11,520$11,082$10,663$10,263$9,880$9,301
5 years$9,124$8,689$8,275$7,883$7,510$6,954
6 years$7,527$7,095$6,687$6,304$5,943$5,408
7 years$6,387$5,958$5,557$5,183$4,833$4,321
8 years$5,532$5,107$4,713$4,348$4,009$3,520
9 years$4,868$4,447$4,059$3,703$3,377$2,910
10 years$4,336$3,920$3,539$3,192$2,877$2,432
11 years$3,902$3,489$3,116$2,778$2,474$2,051
12 years$3,540$3,132$2,765$2,437$2,144$1,742
13 years$3,234$2,830$2,470$2,151$1,870$1,489
14 years$2,973$2,573$2,220$1,910$1,639$1,278
15 years$2,746$2,350$2,004$1,703$1,443$1,101
16 years$2,547$2,156$1,817$1,525$1,275$952
17 years$2,373$1,986$1,653$1,370$1,131$826
18 years$2,218$1,835$1,509$1,235$1,006$718
19 years$2,079$1,701$1,382$1,116$896$626
20 years$1,954$1,580$1,268$1,011$801$546
21 years$1,842$1,472$1,166$917$716$477
22 years$1,739$1,374$1,075$834$642$418
23 years$1,646$1,285$993$759$576$366
24 years$1,561$1,204$918$693$518$321
25 years$1,482$1,130$850$633$466$282
26 years$1,410$1,062$789$578$420$248
27 years$1,343$999$732$529$379$218
28 years$1,282$942$681$485$342$191
29 years$1,224$888$633$445$308$169
30 years$1,170$839$590$408$279$148
31 years$1,120$793$550$375$252$131
32 years$1,074$751$513$345$228$115
33 years$1,030$711$479$317$206$102
34 years$989$674$448$292$187$89
35 years$950$639$419$268$169$79
36 years$913$606$392$247$153$70
37 years$879$576$367$228$139$61
38 years$846$547$343$210$126$54
39 years$815$521$322$194$114$48
40 years$786$495$301$179$104$42
41 years$758$471$283$165$94$37
42 years$732$449$265$152$85$33
43 years$707$428$249$140$77$29
44 years$683$408$234$130$70$26
45 years$660$389$219$120$64$23
46 years$639$371$206$111$58$20
47 years$618$354$193$102$53$18
48 years$598$338$182$94$48$16
49 years$579$323$171$87$43$14
50 years$561$308$161$81$39$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $575,000, adding $6,372 every year, while hoping to spend $37,517 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: 86/5/9 Blend
67$575,000$575,000$575,000$575,000
68$640,223$609,748$600,835$694,007
69$665,608$599,708$581,045$720,030
70$692,324$587,918$559,335$742,829
71$720,469$574,254$535,601$766,699
72$750,147$558,582$509,733$791,722
73$781,472$540,763$481,619$817,988
74$814,568$520,646$451,140$845,597
75$849,572$498,076$418,171$874,658
76$886,632$472,885$382,583$905,290
77$925,910$444,898$344,241$937,625
78$967,583$413,927$303,003$971,809
79$1,011,843$379,777$258,721$1,008,001
80$1,058,904$342,239$211,241$1,046,376
81$1,108,997$301,093$160,401$1,087,127
82$1,162,374$256,106$106,035$1,130,468
83$1,219,314$207,034$47,965$1,176,631
84$1,280,121$153,615$0$1,225,875
85$1,345,128$95,577$0$1,279,829
86$1,414,701$32,630$0$1,342,463
87$1,489,239$0$0$1,409,530
88$1,569,183$0$0$1,483,384
89$1,655,015$0$0$1,564,610
90$1,747,263$0$0$1,651,913
91$1,846,509$0$0$1,745,844
92$1,953,390$0$0$1,847,008
93$2,068,607$0$0$1,956,067
94$2,192,929$0$0$2,073,751
95$2,327,202$0$0$2,200,861
96$2,472,354$0$0$2,338,278
97$2,629,407$0$0$2,486,968
98$2,799,482$0$0$2,647,995
99$2,983,815$0$0$2,822,530
100$3,183,761$0$0$3,011,856