Can I retire at age 68 with 596,000?

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 $596,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$49,217$48,779$48,351$47,934$47,526$46,971
2 years$24,365$23,911$23,471$23,045$22,631$22,073
3 years$16,082$15,626$15,188$14,765$14,358$13,813
4 years$11,941$11,487$11,053$10,637$10,240$9,714
5 years$9,457$9,006$8,577$8,171$7,785$7,277
6 years$7,802$7,354$6,932$6,534$6,160$5,672
7 years$6,620$6,176$5,760$5,372$5,009$4,542
8 years$5,734$5,294$4,885$4,506$4,156$3,709
9 years$5,046$4,609$4,208$3,839$3,500$3,073
10 years$4,495$4,063$3,668$3,309$2,982$2,575
11 years$4,045$3,617$3,230$2,880$2,565$2,177
12 years$3,670$3,246$2,866$2,526$2,222$1,854
13 years$3,353$2,934$2,561$2,230$1,938$1,588
14 years$3,081$2,667$2,301$1,980$1,699$1,367
15 years$2,846$2,436$2,077$1,765$1,496$1,181
16 years$2,641$2,235$1,883$1,581$1,322$1,024
17 years$2,459$2,058$1,714$1,420$1,172$891
18 years$2,299$1,902$1,564$1,280$1,042$777
19 years$2,155$1,763$1,432$1,157$929$679
20 years$2,026$1,638$1,314$1,047$830$594
21 years$1,909$1,526$1,209$951$743$521
22 years$1,803$1,424$1,114$864$666$457
23 years$1,706$1,332$1,029$787$597$402
24 years$1,618$1,248$951$718$537$354
25 years$1,537$1,171$881$656$483$311
26 years$1,462$1,101$817$600$435$274
27 years$1,393$1,036$759$549$392$242
28 years$1,328$976$706$503$354$214
29 years$1,269$921$657$461$320$189
30 years$1,213$870$612$423$289$167
31 years$1,161$822$570$389$261$147
32 years$1,113$778$532$357$236$130
33 years$1,067$737$497$328$214$115
34 years$1,025$698$464$302$194$102
35 years$984$662$434$278$175$90
36 years$947$629$406$256$159$80
37 years$911$597$380$236$144$71
38 years$877$567$356$218$131$62
39 years$845$540$333$201$118$55
40 years$815$513$312$185$107$49
41 years$786$489$293$171$97$43
42 years$759$465$275$158$88$38
43 years$733$443$258$145$80$34
44 years$708$423$242$134$73$30
45 years$685$403$227$124$66$27
46 years$662$384$213$115$60$24
47 years$641$367$201$106$55$21
48 years$620$350$188$98$49$19
49 years$601$334$177$90$45$16
50 years$582$320$167$84$41$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $596,000, adding $2,988 every year, while hoping to spend $29,282 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: 55/36/9 Blend
67$596,000$596,000$596,000$596,000
68$659,874$628,286$619,048$694,560
69$696,025$627,916$608,630$717,990
70$734,883$626,547$596,882$740,007
71$776,691$624,098$583,728$763,277
72$821,720$620,485$569,089$787,923
73$870,265$615,618$552,883$814,083
74$922,650$609,402$535,023$841,910
75$979,232$601,734$515,418$871,574
76$1,040,404$592,509$493,975$903,262
77$1,106,595$581,613$470,593$937,185
78$1,178,281$568,925$445,171$973,574
79$1,255,981$554,317$417,600$1,012,686
80$1,340,268$537,656$387,766$1,054,809
81$1,431,772$518,798$355,553$1,100,257
82$1,531,186$497,592$320,837$1,149,384
83$1,639,271$473,878$283,489$1,202,578
84$1,756,866$447,487$243,375$1,260,271
85$1,884,892$418,240$200,354$1,322,941
86$2,024,366$385,948$154,281$1,391,119
87$2,176,402$350,411$105,001$1,465,393
88$2,342,232$311,418$52,354$1,546,411
89$2,523,207$268,744$0$1,634,895
90$2,720,816$222,155$0$1,732,010
91$2,936,700$171,401$0$1,843,659
92$3,172,661$116,218$0$1,965,805
93$3,430,688$56,328$0$2,099,546
94$3,712,968$0$0$2,246,097
95$4,021,910$0$0$2,410,193
96$4,360,165$0$0$2,614,343
97$4,730,655$0$0$2,838,004
98$5,136,596$0$0$3,083,124
99$5,581,531$0$0$3,351,849
100$6,069,361$0$0$3,646,542