Can I retire at age 68 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$50,373$49,925$49,487$49,059$48,642$47,975
2 years$24,937$24,473$24,023$23,586$23,163$22,492
3 years$16,460$15,993$15,544$15,112$14,696$14,041
4 years$12,222$11,757$11,312$10,887$10,481$9,849
5 years$9,680$9,217$8,779$8,363$7,967$7,359
6 years$7,985$7,527$7,095$6,688$6,304$5,721
7 years$6,776$6,321$5,896$5,498$5,127$4,568
8 years$5,869$5,418$5,000$4,612$4,253$3,720
9 years$5,164$4,718$4,306$3,929$3,582$3,073
10 years$4,600$4,158$3,754$3,387$3,052$2,567
11 years$4,140$3,702$3,305$2,947$2,625$2,163
12 years$3,756$3,323$2,933$2,585$2,275$1,836
13 years$3,431$3,003$2,621$2,282$1,984$1,568
14 years$3,153$2,729$2,355$2,026$1,739$1,345
15 years$2,913$2,493$2,126$1,807$1,531$1,158
16 years$2,703$2,288$1,928$1,618$1,353$1,001
17 years$2,517$2,107$1,754$1,454$1,200$868
18 years$2,353$1,947$1,601$1,310$1,067$754
19 years$2,205$1,804$1,466$1,184$951$656
20 years$2,073$1,677$1,345$1,072$849$572
21 years$1,954$1,562$1,237$973$760$500
22 years$1,845$1,458$1,140$885$681$437
23 years$1,746$1,363$1,053$806$612$383
24 years$1,656$1,277$974$735$550$335
25 years$1,573$1,199$902$671$495$294
26 years$1,496$1,127$837$614$446$258
27 years$1,425$1,060$777$562$402$227
28 years$1,360$999$722$515$362$199
29 years$1,299$943$672$472$327$175
30 years$1,242$890$626$433$296$154
31 years$1,189$841$584$398$267$136
32 years$1,139$796$544$366$242$120
33 years$1,092$754$508$336$219$105
34 years$1,049$715$475$309$198$93
35 years$1,008$678$444$285$179$82
36 years$969$643$415$262$163$72
37 years$932$611$389$242$147$63
38 years$898$581$364$223$134$56
39 years$865$552$341$205$121$49
40 years$834$525$320$189$110$44
41 years$805$500$300$175$100$38
42 years$777$476$281$161$90$34
43 years$750$454$264$149$82$30
44 years$725$433$248$137$75$26
45 years$701$412$233$127$68$23
46 years$678$394$218$117$61$20
47 years$656$376$205$108$56$18
48 years$635$358$193$100$51$16
49 years$615$342$181$93$46$14
50 years$596$327$170$86$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $610,000, adding $2,339 every year, while hoping to spend $47,747 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: 51/30/19 Blend
67$610,000$610,000$610,000$610,000
68$674,633$642,303$632,848$705,383
69$692,643$622,973$603,246$707,498
70$710,890$601,096$571,052$704,664
71$729,347$576,496$536,128$700,558
72$747,984$548,989$498,333$695,079
73$766,766$518,377$457,514$688,114
74$785,652$484,453$413,517$679,546
75$804,596$446,998$366,177$669,246
76$823,545$405,781$315,324$657,080
77$842,438$360,556$260,779$642,900
78$861,207$311,063$202,355$626,551
79$879,775$257,031$139,859$607,865
80$898,055$198,168$73,087$586,662
81$915,948$134,170$1,827$562,750
82$933,345$64,714$0$535,922
83$950,121$0$0$521,002
84$966,138$0$0$507,558
85$981,241$0$0$514,930
86$995,255$0$0$521,656
87$1,007,988$0$0$527,624
88$1,019,223$0$0$532,714
89$1,028,719$0$0$536,787
90$1,036,209$0$0$539,693
91$1,041,392$0$0$541,262
92$1,043,939$0$0$541,306
93$1,043,479$0$0$539,618
94$1,039,604$0$0$535,964
95$1,031,858$0$0$530,089
96$1,019,739$0$0$521,708
97$1,002,686$0$0$510,505
98$980,080$0$0$496,130
99$951,234$0$0$478,195
100$915,389$0$0$456,272