Can I retire at age 68 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$49,465$49,024$48,594$48,175$47,765$47,149
2 years$24,488$24,031$23,590$23,161$22,745$22,125
3 years$16,163$15,705$15,264$14,839$14,431$13,826
4 years$12,001$11,545$11,108$10,691$10,292$9,708
5 years$9,505$9,051$8,620$8,212$7,824$7,261
6 years$7,841$7,391$6,967$6,567$6,191$5,651
7 years$6,654$6,207$5,789$5,399$5,035$4,518
8 years$5,763$5,320$4,910$4,529$4,177$3,682
9 years$5,071$4,632$4,229$3,858$3,517$3,046
10 years$4,517$4,083$3,687$3,325$2,997$2,547
11 years$4,065$3,635$3,246$2,894$2,578$2,150
12 years$3,688$3,263$2,881$2,539$2,234$1,827
13 years$3,369$2,949$2,574$2,241$1,948$1,562
14 years$3,097$2,680$2,312$1,989$1,707$1,342
15 years$2,860$2,448$2,088$1,774$1,503$1,157
16 years$2,654$2,246$1,893$1,589$1,329$1,001
17 years$2,472$2,069$1,722$1,427$1,178$869
18 years$2,310$1,912$1,572$1,286$1,047$756
19 years$2,166$1,772$1,439$1,162$934$659
20 years$2,036$1,646$1,321$1,053$834$576
21 years$1,918$1,533$1,215$955$746$504
22 years$1,812$1,431$1,120$869$669$441
23 years$1,715$1,339$1,034$791$600$387
24 years$1,626$1,254$956$722$540$340
25 years$1,544$1,177$886$659$486$298
26 years$1,469$1,106$821$603$437$262
27 years$1,400$1,041$763$552$394$231
28 years$1,335$981$709$505$356$203
29 years$1,275$926$660$463$321$179
30 years$1,219$874$615$425$290$158
31 years$1,167$826$573$391$263$139
32 years$1,118$782$535$359$237$123
33 years$1,073$740$499$330$215$108
34 years$1,030$702$466$304$195$95
35 years$989$666$436$280$176$84
36 years$951$632$408$257$160$74
37 years$915$600$382$237$145$66
38 years$881$570$358$219$131$58
39 years$849$542$335$202$119$51
40 years$819$516$314$186$108$45
41 years$790$491$294$172$98$40
42 years$763$468$276$158$89$35
43 years$737$446$259$146$81$31
44 years$712$425$243$135$73$28
45 years$688$405$228$125$66$24
46 years$665$386$215$115$60$22
47 years$644$369$202$106$55$19
48 years$623$352$189$98$50$17
49 years$604$336$178$91$45$15
50 years$585$321$167$84$41$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $599,000, adding $4,324 every year, while hoping to spend $34,578 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: 35/40/25 Blend
67$599,000$599,000$599,000$599,000
68$664,558$632,811$623,527$682,667
69$695,552$627,028$607,624$690,713
70$728,549$619,803$590,030$695,936
71$763,716$611,028$570,651$700,887
72$801,237$600,591$549,390$705,565
73$841,313$588,369$526,144$709,969
74$884,165$574,238$500,808$714,104
75$930,035$558,060$473,270$717,979
76$979,187$539,694$443,413$721,605
77$1,031,913$518,987$411,116$725,000
78$1,088,532$495,781$376,252$728,188
79$1,149,393$469,906$338,688$731,197
80$1,214,883$441,183$298,285$734,065
81$1,285,422$409,422$254,899$736,839
82$1,361,475$374,423$208,378$739,575
83$1,443,550$335,976$158,564$742,338
84$1,532,209$293,855$105,292$745,210
85$1,628,065$247,824$48,390$748,283
86$1,731,795$197,635$0$751,667
87$1,844,142$143,023$0$758,780
88$1,965,923$83,710$0$780,469
89$2,098,037$19,401$0$804,034
90$2,241,471$0$0$829,727
91$2,397,313$0$0$879,930
92$2,566,758$0$0$943,876
93$2,751,121$0$0$1,013,532
94$2,951,850$0$0$1,089,455
95$3,170,536$0$0$1,172,256
96$3,408,933$0$0$1,262,611
97$3,668,969$0$0$1,361,262
98$3,952,767$0$0$1,469,027
99$4,262,663$0$0$1,586,804
100$4,601,231$0$0$1,715,584