Can I retire at age 68 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$50,621$50,170$49,730$49,301$48,881$48,251
2 years$25,060$24,593$24,141$23,702$23,277$22,642
3 years$16,541$16,072$15,621$15,186$14,768$14,149
4 years$12,282$11,815$11,368$10,941$10,533$9,934
5 years$9,727$9,263$8,822$8,404$8,007$7,431
6 years$8,025$7,564$7,129$6,720$6,335$5,783
7 years$6,809$6,352$5,925$5,525$5,152$4,623
8 years$5,898$5,445$5,025$4,635$4,274$3,768
9 years$5,189$4,741$4,328$3,948$3,600$3,117
10 years$4,623$4,179$3,773$3,403$3,067$2,607
11 years$4,160$3,720$3,322$2,962$2,638$2,200
12 years$3,774$3,339$2,948$2,598$2,286$1,870
13 years$3,448$3,017$2,634$2,294$1,993$1,598
14 years$3,169$2,743$2,366$2,036$1,747$1,373
15 years$2,927$2,506$2,137$1,816$1,538$1,184
16 years$2,716$2,299$1,937$1,626$1,360$1,025
17 years$2,530$2,117$1,763$1,461$1,206$889
18 years$2,364$1,956$1,609$1,316$1,072$774
19 years$2,216$1,813$1,473$1,190$955$675
20 years$2,083$1,685$1,352$1,077$853$589
21 years$1,963$1,569$1,243$978$764$515
22 years$1,854$1,465$1,146$889$685$451
23 years$1,755$1,370$1,058$810$615$396
24 years$1,664$1,284$979$738$552$347
25 years$1,580$1,205$906$674$497$305
26 years$1,503$1,132$841$617$448$268
27 years$1,432$1,066$781$564$404$236
28 years$1,366$1,004$726$517$364$208
29 years$1,305$947$675$474$329$183
30 years$1,248$895$629$435$297$161
31 years$1,194$846$586$400$269$142
32 years$1,145$800$547$367$243$125
33 years$1,098$758$511$338$220$111
34 years$1,054$718$477$311$199$98
35 years$1,013$681$446$286$180$86
36 years$974$647$417$263$163$76
37 years$937$614$391$243$148$67
38 years$902$584$366$224$134$59
39 years$869$555$343$206$122$52
40 years$838$528$321$190$110$46
41 years$809$503$301$176$100$41
42 years$780$479$283$162$91$36
43 years$754$456$265$150$83$32
44 years$728$435$249$138$75$28
45 years$704$415$234$128$68$25
46 years$681$395$220$118$62$22
47 years$659$377$206$109$56$19
48 years$638$360$194$101$51$17
49 years$618$344$182$93$46$15
50 years$599$329$171$86$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $613,000, adding $4,614 every year, while hoping to spend $48,408 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: 57/29/14 Blend
67$613,000$613,000$613,000$613,000
68$680,285$647,796$638,295$716,369
69$698,169$628,033$608,172$721,566
70$716,254$605,678$575,418$721,511
71$734,510$580,555$539,892$720,325
72$752,902$552,474$501,451$717,906
73$771,389$521,236$459,941$714,147
74$789,926$486,632$415,204$708,932
75$808,458$448,437$367,073$702,135
76$826,927$406,416$315,376$693,624
77$845,264$360,320$259,931$683,252
78$863,391$309,887$200,549$670,864
79$881,223$254,837$137,034$656,294
80$898,661$194,878$69,178$639,359
81$915,596$129,698$0$619,867
82$931,905$58,971$0$598,091
83$947,448$0$0$584,382
84$962,073$0$0$573,818
85$975,606$0$0$581,358
86$987,854$0$0$588,061
87$998,603$0$0$593,790
88$1,007,612$0$0$598,395
89$1,014,617$0$0$601,707
90$1,019,318$0$0$603,539
91$1,021,388$0$0$603,682
92$1,020,458$0$0$601,904
93$1,016,123$0$0$597,950
94$1,007,930$0$0$591,534
95$995,379$0$0$582,340
96$977,914$0$0$570,018
97$954,919$0$0$554,180
98$925,712$0$0$534,396
99$889,538$0$0$510,190
100$845,560$0$0$481,037