Can I retire at age 68 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$50,291$49,843$49,406$48,979$48,563$47,797
2 years$24,896$24,433$23,983$23,548$23,125$22,356
3 years$16,433$15,967$15,519$15,087$14,671$13,923
4 years$12,202$11,737$11,294$10,869$10,464$9,741
5 years$9,664$9,202$8,764$8,349$7,954$7,260
6 years$7,972$7,514$7,083$6,677$6,294$5,628
7 years$6,765$6,311$5,886$5,489$5,119$4,482
8 years$5,859$5,409$4,992$4,605$4,247$3,639
9 years$5,156$4,710$4,299$3,922$3,576$2,997
10 years$4,593$4,151$3,748$3,381$3,047$2,496
11 years$4,133$3,696$3,300$2,942$2,621$2,097
12 years$3,750$3,317$2,929$2,581$2,271$1,774
13 years$3,426$2,998$2,617$2,279$1,980$1,510
14 years$3,148$2,725$2,351$2,023$1,736$1,291
15 years$2,908$2,489$2,123$1,804$1,528$1,108
16 years$2,698$2,284$1,924$1,615$1,351$954
17 years$2,513$2,103$1,751$1,451$1,198$824
18 years$2,349$1,944$1,599$1,308$1,065$713
19 years$2,202$1,801$1,463$1,182$949$619
20 years$2,070$1,674$1,343$1,070$848$538
21 years$1,951$1,559$1,235$971$759$468
22 years$1,842$1,455$1,139$883$680$408
23 years$1,743$1,361$1,051$804$611$355
24 years$1,653$1,275$972$734$549$310
25 years$1,570$1,197$901$670$494$271
26 years$1,494$1,125$835$613$445$237
27 years$1,423$1,059$776$561$401$207
28 years$1,357$998$721$514$362$182
29 years$1,296$941$671$471$327$159
30 years$1,240$889$625$432$295$139
31 years$1,187$840$583$397$267$122
32 years$1,137$795$544$365$241$107
33 years$1,091$753$508$336$219$94
34 years$1,047$713$474$309$198$82
35 years$1,006$677$443$284$179$72
36 years$967$642$415$262$162$63
37 years$931$610$388$241$147$56
38 years$896$580$364$222$133$49
39 years$864$551$341$205$121$43
40 years$833$525$319$189$110$38
41 years$803$499$299$174$100$33
42 years$775$476$281$161$90$29
43 years$749$453$263$149$82$26
44 years$724$432$247$137$74$22
45 years$700$412$232$127$68$20
46 years$677$393$218$117$61$17
47 years$655$375$205$108$56$15
48 years$634$358$193$100$51$13
49 years$614$342$181$92$46$12
50 years$595$326$170$85$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $609,000, adding $3,565 every year, while hoping to spend $36,369 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: 43/47/10 Blend
67$609,000$609,000$609,000$609,000
68$674,795$642,518$633,079$701,710
69$704,928$635,305$615,591$713,601
70$736,915$626,520$596,298$722,519
71$770,908$616,047$575,101$731,361
72$807,071$603,764$551,897$740,134
73$845,585$589,541$526,579$748,849
74$886,648$573,241$499,032$757,521
75$930,475$554,719$469,139$766,168
76$977,305$533,822$436,776$774,814
77$1,027,396$510,385$401,814$783,488
78$1,081,035$484,239$364,120$792,229
79$1,138,534$455,199$323,551$801,078
80$1,200,235$423,075$279,961$810,089
81$1,266,516$387,662$233,196$819,324
82$1,337,788$348,745$183,095$828,857
83$1,414,506$306,098$129,493$838,772
84$1,497,168$259,478$72,213$849,170
85$1,586,320$208,634$11,073$860,165
86$1,682,563$153,295$0$871,891
87$1,786,558$93,181$0$890,280
88$1,899,030$27,990$0$911,365
89$2,020,778$0$0$934,184
90$2,152,676$0$0$981,017
91$2,295,691$0$0$1,047,556
92$2,450,882$0$0$1,119,825
93$2,619,414$0$0$1,198,377
94$2,802,571$0$0$1,283,818
95$3,001,763$0$0$1,376,815
96$3,218,542$0$0$1,478,101
97$3,454,617$0$0$1,588,486
98$3,711,867$0$0$1,708,858
99$3,992,359$0$0$1,840,196
100$4,298,372$0$0$1,983,577