Can I retire at age 68 with 608,000?

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 $608,000?

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$50,208$49,761$49,325$48,899$48,483$47,917
2 years$24,855$24,393$23,944$23,509$23,087$22,517
3 years$16,406$15,941$15,493$15,062$14,647$14,092
4 years$12,182$11,718$11,275$10,852$10,447$9,909
5 years$9,648$9,187$8,750$8,335$7,941$7,424
6 years$7,959$7,502$7,071$6,666$6,284$5,786
7 years$6,754$6,300$5,876$5,480$5,110$4,634
8 years$5,850$5,400$4,984$4,597$4,240$3,784
9 years$5,147$4,702$4,292$3,916$3,570$3,135
10 years$4,585$4,145$3,742$3,375$3,042$2,627
11 years$4,126$3,690$3,295$2,938$2,616$2,221
12 years$3,743$3,312$2,924$2,577$2,267$1,891
13 years$3,420$2,993$2,612$2,275$1,977$1,620
14 years$3,143$2,720$2,347$2,019$1,733$1,394
15 years$2,903$2,485$2,119$1,801$1,526$1,205
16 years$2,694$2,280$1,921$1,613$1,349$1,045
17 years$2,509$2,100$1,748$1,449$1,196$909
18 years$2,345$1,940$1,596$1,306$1,063$792
19 years$2,198$1,798$1,461$1,180$948$692
20 years$2,066$1,671$1,341$1,069$846$606
21 years$1,947$1,557$1,233$970$758$531
22 years$1,839$1,453$1,137$882$679$466
23 years$1,741$1,359$1,050$803$610$410
24 years$1,650$1,273$971$732$548$361
25 years$1,568$1,195$899$669$493$318
26 years$1,491$1,123$834$612$444$280
27 years$1,421$1,057$774$560$400$247
28 years$1,355$996$720$513$361$218
29 years$1,294$939$670$470$326$192
30 years$1,238$887$624$432$295$170
31 years$1,185$839$582$396$266$150
32 years$1,135$794$543$364$241$133
33 years$1,089$752$507$335$218$117
34 years$1,045$712$473$308$198$104
35 years$1,004$676$443$284$179$92
36 years$966$641$414$261$162$81
37 years$929$609$388$241$147$72
38 years$895$579$363$222$133$64
39 years$862$550$340$205$121$56
40 years$831$524$319$189$110$50
41 years$802$498$299$174$99$44
42 years$774$475$280$161$90$39
43 years$748$452$263$148$82$35
44 years$722$431$247$137$74$31
45 years$698$411$232$127$67$27
46 years$675$392$218$117$61$24
47 years$654$374$205$108$56$21
48 years$633$357$192$100$50$19
49 years$613$341$181$92$46$17
50 years$594$326$170$85$42$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $608,000, adding $4,678 every year, while hoping to spend $27,678 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: 72/20/8 Blend
67$608,000$608,000$608,000$608,000
68$674,841$642,617$633,193$722,205
69$714,226$644,656$624,956$756,146
70$756,700$645,868$615,515$789,400
71$802,550$646,182$604,801$825,041
72$852,089$645,524$592,742$863,298
73$905,664$643,816$579,260$904,420
74$963,652$640,974$564,276$948,686
75$1,026,473$636,909$547,707$996,400
76$1,094,583$631,528$529,465$1,047,901
77$1,168,489$624,731$509,460$1,103,559
78$1,248,743$616,411$487,596$1,163,785
79$1,335,958$606,458$463,773$1,229,032
80$1,430,803$594,752$437,887$1,299,799
81$1,534,018$581,168$409,829$1,376,636
82$1,646,415$565,572$379,486$1,460,151
83$1,768,888$547,824$346,737$1,551,014
84$1,902,421$527,774$311,459$1,649,964
85$2,048,097$505,264$273,523$1,757,817
86$2,207,109$480,128$232,791$1,875,473
87$2,380,768$452,188$189,124$2,003,924
88$2,570,519$421,259$142,373$2,144,265
89$2,777,953$387,141$92,383$2,297,704
90$3,004,820$349,627$38,993$2,465,573
91$3,253,048$308,495$0$2,649,341
92$3,524,760$263,512$0$2,852,165
93$3,822,294$214,433$0$3,077,950
94$4,148,223$160,995$0$3,325,350
95$4,505,383$102,925$0$3,596,559
96$4,896,896$39,932$0$3,893,991
97$5,326,199$0$0$4,220,311
98$5,797,081$0$0$4,584,683
99$6,313,713$0$0$4,994,128
100$6,880,689$0$0$5,443,504