Can I retire at age 68 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$50,538$50,088$49,649$49,220$48,802$47,126
2 years$25,019$24,553$24,101$23,664$23,239$21,568
3 years$16,514$16,046$15,595$15,162$14,744$13,130
4 years$12,262$11,795$11,349$10,923$10,515$8,971
5 years$9,711$9,248$8,808$8,390$7,994$6,523
6 years$8,012$7,551$7,118$6,709$6,325$4,929
7 years$6,798$6,342$5,915$5,516$5,144$3,822
8 years$5,888$5,436$5,016$4,627$4,267$3,019
9 years$5,181$4,733$4,321$3,942$3,594$2,417
10 years$4,615$4,172$3,767$3,398$3,062$1,955
11 years$4,153$3,714$3,316$2,957$2,633$1,594
12 years$3,768$3,333$2,943$2,594$2,282$1,308
13 years$3,443$3,012$2,629$2,290$1,990$1,078
14 years$3,164$2,738$2,363$2,033$1,744$893
15 years$2,922$2,501$2,133$1,813$1,536$742
16 years$2,711$2,295$1,934$1,623$1,357$618
17 years$2,525$2,114$1,760$1,458$1,204$515
18 years$2,360$1,953$1,606$1,314$1,070$431
19 years$2,213$1,810$1,471$1,188$954$361
20 years$2,080$1,682$1,350$1,076$852$303
21 years$1,960$1,567$1,241$976$762$254
22 years$1,851$1,463$1,144$888$683$213
23 years$1,752$1,368$1,056$808$614$179
24 years$1,661$1,282$977$737$551$151
25 years$1,578$1,203$905$673$496$127
26 years$1,501$1,130$839$616$447$107
27 years$1,430$1,064$779$563$403$90
28 years$1,364$1,002$725$516$364$76
29 years$1,303$946$674$473$328$64
30 years$1,246$893$628$434$297$54
31 years$1,193$844$585$399$268$45
32 years$1,143$799$546$367$243$38
33 years$1,096$757$510$337$220$32
34 years$1,052$717$477$310$199$27
35 years$1,011$680$446$286$180$23
36 years$972$645$417$263$163$19
37 years$935$613$390$242$148$16
38 years$901$583$365$223$134$14
39 years$868$554$342$206$122$12
40 years$837$527$321$190$110$10
41 years$807$502$301$175$100$8
42 years$779$478$282$162$91$7
43 years$753$455$265$149$82$6
44 years$727$434$249$138$75$5
45 years$703$414$233$127$68$4
46 years$680$395$219$118$62$4
47 years$658$377$206$109$56$3
48 years$637$360$194$100$51$3
49 years$617$343$182$93$46$2
50 years$598$328$171$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $612,000, adding $6,813 every year, while hoping to spend $41,306 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: 39/39/22 Blend
67$612,000$612,000$612,000$612,000
68$681,452$649,016$639,530$703,337
69$707,010$636,868$617,005$707,608
70$733,792$622,741$592,341$707,823
71$761,877$606,494$565,422$707,221
72$791,354$587,977$536,129$705,751
73$822,318$567,034$504,336$703,362
74$854,873$543,497$469,909$700,001
75$889,132$517,191$432,714$695,613
76$925,218$487,928$392,604$690,141
77$963,264$455,510$349,431$683,528
78$1,003,418$419,731$303,037$675,716
79$1,045,836$380,368$253,259$666,646
80$1,090,694$337,188$199,925$656,258
81$1,138,180$289,945$142,857$644,493
82$1,188,500$238,379$81,870$631,290
83$1,241,882$182,214$16,767$616,589
84$1,298,571$121,160$0$600,333
85$1,358,839$54,909$0$594,836
86$1,422,979$0$0$592,674
87$1,491,316$0$0$597,141
88$1,564,205$0$0$627,088
89$1,642,032$0$0$659,113
90$1,725,224$0$0$693,400
91$1,814,246$0$0$730,145
92$1,909,609$0$0$769,569
93$2,011,874$0$0$811,909
94$2,121,655$0$0$857,429
95$2,239,629$0$0$906,418
96$2,366,535$0$0$959,191
97$2,503,187$0$0$1,016,098
98$2,650,478$0$0$1,077,519
99$2,809,390$0$0$1,143,876
100$2,981,001$0$0$1,215,629