Can I retire at age 68 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$49,547$49,106$48,676$48,255$47,845$46,613
2 years$24,528$24,072$23,629$23,200$22,783$21,550
3 years$16,190$15,731$15,289$14,864$14,455$13,259
4 years$12,021$11,564$11,127$10,709$10,309$9,160
5 years$9,521$9,066$8,635$8,225$7,837$6,738
6 years$7,855$7,403$6,978$6,578$6,201$5,153
7 years$6,665$6,217$5,799$5,408$5,043$4,046
8 years$5,773$5,329$4,918$4,537$4,184$3,237
9 years$5,079$4,640$4,236$3,864$3,523$2,627
10 years$4,525$4,090$3,693$3,331$3,002$2,154
11 years$4,072$3,641$3,251$2,899$2,582$1,782
12 years$3,694$3,268$2,885$2,543$2,237$1,483
13 years$3,375$2,953$2,578$2,245$1,951$1,241
14 years$3,102$2,685$2,316$1,993$1,710$1,043
15 years$2,865$2,452$2,091$1,777$1,506$880
16 years$2,658$2,250$1,896$1,591$1,331$745
17 years$2,476$2,072$1,725$1,430$1,180$632
18 years$2,314$1,915$1,575$1,289$1,049$537
19 years$2,169$1,775$1,442$1,164$935$457
20 years$2,039$1,649$1,323$1,054$835$390
21 years$1,922$1,536$1,217$957$748$333
22 years$1,815$1,434$1,122$870$670$284
23 years$1,718$1,341$1,036$792$601$243
24 years$1,629$1,256$958$723$541$208
25 years$1,547$1,179$887$660$486$178
26 years$1,472$1,108$823$604$438$153
27 years$1,402$1,043$764$552$395$131
28 years$1,337$983$710$506$356$112
29 years$1,277$927$661$464$322$96
30 years$1,221$876$616$426$291$83
31 years$1,169$828$574$391$263$71
32 years$1,120$783$536$360$238$61
33 years$1,075$742$500$331$215$52
34 years$1,032$703$467$304$195$45
35 years$991$667$437$280$177$39
36 years$953$633$409$258$160$33
37 years$917$601$382$238$145$29
38 years$883$571$358$219$131$25
39 years$851$543$336$202$119$21
40 years$820$517$315$186$108$18
41 years$791$492$295$172$98$16
42 years$764$468$277$159$89$13
43 years$738$446$260$146$81$12
44 years$713$425$244$135$73$10
45 years$689$406$229$125$67$9
46 years$667$387$215$115$60$7
47 years$645$369$202$107$55$6
48 years$624$353$190$98$50$5
49 years$605$337$178$91$45$5
50 years$586$322$168$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $600,000, adding $2,485 every year, while hoping to spend $41,728 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: 55/28/17 Blend
67$600,000$600,000$600,000$600,000
68$663,763$631,963$622,663$697,132
69$687,069$618,531$599,124$706,723
70$711,353$603,042$573,398$712,478
71$736,672$585,352$545,367$717,812
72$763,085$565,307$514,910$722,694
73$790,657$542,745$481,897$727,095
74$819,458$517,493$446,195$730,981
75$849,564$489,372$407,664$734,322
76$881,057$458,188$366,157$737,085
77$914,023$423,738$321,522$739,237
78$948,560$385,808$273,600$740,744
79$984,771$344,170$222,223$741,575
80$1,022,769$298,585$167,218$741,696
81$1,062,675$248,799$108,404$741,075
82$1,104,622$194,545$45,590$739,681
83$1,148,755$135,539$0$737,483
84$1,195,230$71,483$0$738,342
85$1,244,219$2,061$0$747,421
86$1,295,908$0$0$756,455
87$1,350,499$0$0$787,974
88$1,408,215$0$0$821,993
89$1,469,296$0$0$858,021
90$1,534,007$0$0$896,219
91$1,602,637$0$0$936,758
92$1,675,500$0$0$979,830
93$1,752,940$0$0$1,025,643
94$1,835,336$0$0$1,074,423
95$1,923,099$0$0$1,126,420
96$2,016,681$0$0$1,181,907
97$2,116,578$0$0$1,241,182
98$2,223,332$0$0$1,304,572
99$2,337,536$0$0$1,372,437
100$2,459,844$0$0$1,445,171