Can I retire at age 68 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$47,813$47,387$46,972$46,566$46,170$45,405
2 years$23,670$23,229$22,802$22,388$21,986$21,217
3 years$15,623$15,180$14,754$14,344$13,949$13,201
4 years$11,601$11,159$10,737$10,334$9,948$9,227
5 years$9,188$8,749$8,333$7,938$7,563$6,869
6 years$7,580$7,144$6,734$6,348$5,984$5,320
7 years$6,431$6,000$5,596$5,219$4,867$4,231
8 years$5,571$5,143$4,746$4,378$4,037$3,431
9 years$4,902$4,478$4,088$3,729$3,400$2,823
10 years$4,367$3,947$3,564$3,214$2,897$2,348
11 years$3,929$3,514$3,137$2,798$2,491$1,970
12 years$3,565$3,154$2,784$2,454$2,159$1,665
13 years$3,257$2,850$2,488$2,166$1,883$1,415
14 years$2,993$2,591$2,235$1,923$1,650$1,208
15 years$2,765$2,367$2,018$1,715$1,453$1,036
16 years$2,565$2,171$1,830$1,536$1,284$891
17 years$2,389$2,000$1,665$1,380$1,139$768
18 years$2,233$1,848$1,520$1,243$1,013$664
19 years$2,093$1,713$1,391$1,124$902$575
20 years$1,968$1,591$1,277$1,018$806$499
21 years$1,854$1,482$1,175$924$721$433
22 years$1,751$1,384$1,082$840$647$377
23 years$1,658$1,294$999$765$580$328
24 years$1,572$1,212$924$697$522$286
25 years$1,493$1,138$856$637$469$250
26 years$1,420$1,069$794$582$423$218
27 years$1,353$1,006$737$533$381$190
28 years$1,290$948$685$488$344$166
29 years$1,233$895$638$448$311$145
30 years$1,179$845$594$411$281$127
31 years$1,128$799$554$378$254$111
32 years$1,081$756$517$347$230$97
33 years$1,037$716$483$319$208$85
34 years$995$678$451$294$188$75
35 years$956$643$422$270$170$65
36 years$920$611$394$249$154$57
37 years$885$580$369$229$140$50
38 years$852$551$346$211$127$44
39 years$821$524$324$195$115$39
40 years$792$499$304$180$104$34
41 years$764$475$285$166$95$30
42 years$737$452$267$153$86$26
43 years$712$431$251$141$78$23
44 years$688$411$235$130$71$20
45 years$665$392$221$120$64$18
46 years$643$374$207$111$58$15
47 years$622$356$195$103$53$13
48 years$603$340$183$95$48$12
49 years$584$325$172$88$44$10
50 years$565$310$162$81$40$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $579,000, adding $5,478 every year, while hoping to spend $21,988 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: 48/45/7 Blend
67$579,000$579,000$579,000$579,000
68$643,709$613,022$604,047$673,158
69$685,972$619,665$600,888$700,552
70$731,809$625,896$596,885$727,504
71$781,561$631,673$591,989$756,249
72$835,604$636,949$586,144$786,961
73$894,351$641,674$579,295$819,830
74$958,255$645,797$571,382$855,068
75$1,027,817$649,261$562,343$892,908
76$1,103,587$652,007$552,114$933,608
77$1,186,170$653,972$540,627$977,455
78$1,276,231$655,089$527,810$1,024,763
79$1,374,505$655,287$513,590$1,075,882
80$1,481,798$654,489$497,888$1,131,197
81$1,598,998$652,615$480,624$1,191,134
82$1,727,083$649,581$461,713$1,256,163
83$1,867,130$645,295$441,065$1,326,807
84$2,020,324$639,661$418,587$1,403,638
85$2,187,971$632,578$394,183$1,487,293
86$2,371,507$623,937$367,751$1,578,474
87$2,572,515$613,625$339,185$1,677,956
88$2,792,738$601,519$308,374$1,786,596
89$3,034,095$587,491$275,203$1,905,341
90$3,298,700$571,406$239,550$2,035,235
91$3,588,882$553,119$201,289$2,177,433
92$3,907,204$532,478$160,289$2,333,209
93$4,256,491$509,322$116,411$2,503,973
94$4,639,855$483,480$69,511$2,691,279
95$5,060,721$454,771$19,441$2,896,844
96$5,522,864$423,005$0$3,122,562
97$6,030,444$387,980$0$3,373,066
98$6,588,041$349,483$0$3,649,842
99$7,200,701$307,287$0$3,953,998
100$7,873,984$261,156$0$4,288,363