Can I retire at age 68 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$48,061$47,633$47,215$46,808$46,409$45,123
2 years$23,793$23,349$22,920$22,504$22,100$20,813
3 years$15,704$15,259$14,831$14,418$14,021$12,775
4 years$11,661$11,217$10,793$10,388$10,000$8,803
5 years$9,235$8,794$8,376$7,979$7,602$6,458
6 years$7,619$7,181$6,769$6,381$6,015$4,926
7 years$6,465$6,031$5,625$5,246$4,892$3,857
8 years$5,600$5,169$4,770$4,401$4,058$3,077
9 years$4,927$4,501$4,109$3,748$3,418$2,489
10 years$4,389$3,967$3,582$3,231$2,912$2,035
11 years$3,950$3,532$3,154$2,812$2,504$1,677
12 years$3,583$3,170$2,799$2,467$2,170$1,392
13 years$3,274$2,865$2,501$2,178$1,893$1,161
14 years$3,009$2,604$2,247$1,933$1,659$973
15 years$2,779$2,379$2,028$1,724$1,461$818
16 years$2,578$2,183$1,839$1,544$1,291$689
17 years$2,402$2,010$1,674$1,387$1,145$583
18 years$2,245$1,857$1,528$1,250$1,018$493
19 years$2,104$1,721$1,399$1,129$907$418
20 years$1,978$1,600$1,284$1,023$810$355
21 years$1,864$1,490$1,181$928$725$302
22 years$1,761$1,391$1,088$844$650$257
23 years$1,666$1,301$1,005$769$583$219
24 years$1,580$1,219$929$701$524$187
25 years$1,500$1,144$861$640$472$159
26 years$1,427$1,075$798$585$425$136
27 years$1,360$1,012$741$536$383$116
28 years$1,297$953$689$491$346$99
29 years$1,239$899$641$450$312$85
30 years$1,185$849$597$413$282$73
31 years$1,134$803$557$379$255$62
32 years$1,087$760$519$349$231$53
33 years$1,042$719$485$321$209$45
34 years$1,001$682$453$295$189$39
35 years$961$647$424$272$171$33
36 years$924$614$396$250$155$28
37 years$889$583$371$230$141$24
38 years$856$554$347$212$127$21
39 years$825$527$325$196$116$18
40 years$796$501$305$181$105$15
41 years$768$477$286$167$95$13
42 years$741$454$268$154$86$11
43 years$716$433$252$142$78$10
44 years$691$413$236$131$71$8
45 years$669$394$222$121$65$7
46 years$647$375$208$112$59$6
47 years$626$358$196$103$53$5
48 years$606$342$184$95$48$4
49 years$587$327$173$88$44$4
50 years$568$312$163$82$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $582,000, adding $6,158 every year, while hoping to spend $46,278 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: 46/38/16 Blend
67$582,000$582,000$582,000$582,000
68$647,716$616,870$607,849$674,300
69$664,544$597,857$578,972$674,418
70$681,537$576,362$547,578$669,382
71$698,663$552,213$513,531$662,921
72$715,886$525,231$476,694$654,922
73$733,163$495,224$436,920$645,263
74$750,447$461,991$394,058$633,814
75$767,683$425,319$347,949$620,436
76$784,808$384,981$298,427$604,981
77$801,753$340,740$245,319$587,290
78$818,438$292,343$188,443$567,193
79$834,775$239,524$127,613$544,506
80$850,664$182,002$62,629$519,035
81$865,991$119,479$0$490,570
82$880,631$51,643$0$460,035
83$894,444$0$0$437,526
84$907,270$0$0$421,253
85$918,936$0$0$425,949
86$929,243$0$0$429,917
87$937,975$0$0$433,048
88$944,886$0$0$435,215
89$949,706$0$0$436,279
90$952,133$0$0$436,088
91$951,834$0$0$434,469
92$948,435$0$0$431,233
93$941,524$0$0$426,169
94$930,643$0$0$419,043
95$915,284$0$0$409,597
96$894,885$0$0$397,543
97$868,822$0$0$382,565
98$836,404$0$0$364,309
99$796,867$0$0$342,387
100$749,364$0$0$316,367