Can I retire at age 68 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$49,960$49,515$49,081$48,657$48,244$47,859
2 years$24,733$24,272$23,826$23,393$22,973$22,586
3 years$16,325$15,862$15,417$14,988$14,575$14,197
4 years$12,122$11,660$11,220$10,798$10,395$10,029
5 years$9,600$9,142$8,707$8,294$7,902$7,549
6 years$7,920$7,465$7,036$6,633$6,253$5,912
7 years$6,720$6,269$5,847$5,453$5,085$4,758
8 years$5,821$5,374$4,959$4,575$4,219$3,905
9 years$5,122$4,679$4,271$3,896$3,553$3,253
10 years$4,563$4,124$3,724$3,359$3,027$2,740
11 years$4,106$3,672$3,278$2,923$2,603$2,330
12 years$3,725$3,295$2,909$2,564$2,256$1,995
13 years$3,403$2,978$2,599$2,264$1,967$1,719
14 years$3,128$2,707$2,336$2,009$1,725$1,488
15 years$2,889$2,473$2,109$1,792$1,518$1,294
16 years$2,680$2,269$1,912$1,605$1,342$1,129
17 years$2,497$2,089$1,740$1,442$1,190$988
18 years$2,333$1,931$1,588$1,299$1,058$867
19 years$2,187$1,789$1,454$1,174$943$763
20 years$2,056$1,663$1,334$1,063$842$672
21 years$1,938$1,549$1,227$965$754$593
22 years$1,830$1,446$1,131$877$676$524
23 years$1,732$1,352$1,044$799$607$464
24 years$1,642$1,267$966$729$545$411
25 years$1,560$1,189$895$666$491$365
26 years$1,484$1,117$830$609$442$324
27 years$1,414$1,052$770$557$398$287
28 years$1,348$991$716$510$359$255
29 years$1,288$935$667$468$325$227
30 years$1,232$883$621$430$293$202
31 years$1,179$835$579$394$265$180
32 years$1,130$790$540$363$240$160
33 years$1,083$748$504$333$217$143
34 years$1,040$709$471$307$197$127
35 years$999$672$440$282$178$114
36 years$961$638$412$260$161$101
37 years$925$606$386$240$146$90
38 years$890$576$361$221$133$81
39 years$858$548$338$204$120$72
40 years$827$521$317$188$109$64
41 years$798$496$297$173$99$57
42 years$770$472$279$160$90$51
43 years$744$450$262$148$81$46
44 years$719$429$246$136$74$41
45 years$695$409$231$126$67$36
46 years$672$390$217$116$61$32
47 years$650$372$204$107$55$29
48 years$630$356$191$99$50$26
49 years$610$340$180$92$46$23
50 years$591$324$169$85$41$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $605,000, adding $6,678 every year, while hoping to spend $56,552 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: 76/17/7 Blend
67$605,000$605,000$605,000$605,000
68$673,598$641,533$632,156$723,683
69$682,134$612,798$593,162$728,801
70$689,646$580,758$550,967$726,493
71$695,968$545,194$505,403$722,322
72$700,919$505,871$456,296$716,081
73$704,295$462,540$403,464$707,542
74$705,869$414,941$346,716$696,456
75$705,390$362,795$285,853$682,548
76$702,580$305,812$220,669$665,518
77$697,128$243,682$150,946$645,035
78$688,690$176,078$76,459$620,739
79$676,887$102,655$0$592,230
80$661,294$23,051$0$559,299
81$641,446$0$0$527,351
82$616,823$0$0$501,970
83$586,852$0$0$476,408
84$550,897$0$0$445,820
85$508,258$0$0$409,618
86$458,155$0$0$367,150
87$399,732$0$0$317,698
88$332,036$0$0$260,463
89$254,019$0$0$194,567
90$164,520$0$0$119,037
91$62,256$0$0$32,799
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0