Can I retire at age 68 with 613,000?

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 $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%14.1%
1 years$50,621$50,170$49,730$49,301$48,881$48,052
2 years$25,060$24,593$24,141$23,702$23,277$22,444
3 years$16,541$16,072$15,621$15,186$14,768$13,957
4 years$12,282$11,815$11,368$10,941$10,533$9,750
5 years$9,727$9,263$8,822$8,404$8,007$7,255
6 years$8,025$7,564$7,129$6,720$6,335$5,615
7 years$6,809$6,352$5,925$5,525$5,152$4,464
8 years$5,898$5,445$5,025$4,635$4,274$3,618
9 years$5,189$4,741$4,328$3,948$3,600$2,975
10 years$4,623$4,179$3,773$3,403$3,067$2,473
11 years$4,160$3,720$3,322$2,962$2,638$2,074
12 years$3,774$3,339$2,948$2,598$2,286$1,751
13 years$3,448$3,017$2,634$2,294$1,993$1,487
14 years$3,169$2,743$2,366$2,036$1,747$1,269
15 years$2,927$2,506$2,137$1,816$1,538$1,087
16 years$2,716$2,299$1,937$1,626$1,360$934
17 years$2,530$2,117$1,763$1,461$1,206$805
18 years$2,364$1,956$1,609$1,316$1,072$695
19 years$2,216$1,813$1,473$1,190$955$602
20 years$2,083$1,685$1,352$1,077$853$522
21 years$1,963$1,569$1,243$978$764$453
22 years$1,854$1,465$1,146$889$685$394
23 years$1,755$1,370$1,058$810$615$343
24 years$1,664$1,284$979$738$552$298
25 years$1,580$1,205$906$674$497$260
26 years$1,503$1,132$841$617$448$227
27 years$1,432$1,066$781$564$404$198
28 years$1,366$1,004$726$517$364$173
29 years$1,305$947$675$474$329$151
30 years$1,248$895$629$435$297$132
31 years$1,194$846$586$400$269$115
32 years$1,145$800$547$367$243$101
33 years$1,098$758$511$338$220$88
34 years$1,054$718$477$311$199$77
35 years$1,013$681$446$286$180$68
36 years$974$647$417$263$163$59
37 years$937$614$391$243$148$52
38 years$902$584$366$224$134$45
39 years$869$555$343$206$122$40
40 years$838$528$321$190$110$35
41 years$809$503$301$176$100$30
42 years$780$479$283$162$91$27
43 years$754$456$265$150$83$23
44 years$728$435$249$138$75$20
45 years$704$415$234$128$68$18
46 years$681$395$220$118$62$16
47 years$659$377$206$109$56$14
48 years$638$360$194$101$51$12
49 years$618$344$182$93$46$11
50 years$599$329$171$86$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $613,000, adding $5,380 every year, while hoping to spend $23,968 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: 40/50/10 Blend
67$613,000$613,000$613,000$613,000
68$681,075$648,586$639,085$706,070
69$725,043$654,865$634,993$730,453
70$772,693$660,649$629,960$754,025
71$824,374$665,887$623,930$778,987
72$880,471$670,527$616,843$805,475
73$941,410$674,513$608,637$833,640
74$1,007,654$677,784$599,247$863,648
75$1,079,717$680,278$588,604$895,686
76$1,158,163$681,927$576,638$929,960
77$1,243,613$682,658$563,272$966,696
78$1,336,748$682,396$548,429$1,006,150
79$1,438,322$681,059$532,026$1,048,600
80$1,549,161$678,560$513,979$1,094,357
81$1,670,175$674,810$494,198$1,143,766
82$1,802,368$669,710$472,588$1,197,209
83$1,946,842$663,158$449,052$1,255,106
84$2,104,812$655,045$423,487$1,317,927
85$2,277,616$645,256$395,787$1,386,190
86$2,466,726$633,667$365,840$1,460,467
87$2,673,765$620,149$333,528$1,541,394
88$2,900,518$604,565$298,730$1,629,672
89$3,148,951$586,770$261,318$1,726,081
90$3,421,231$566,608$221,159$1,831,480
91$3,719,743$543,919$178,115$1,946,820
92$4,047,114$518,528$132,038$2,073,155
93$4,406,237$490,253$82,779$2,211,648
94$4,800,300$458,902$30,179$2,363,587
95$5,232,813$424,271$0$2,530,395
96$5,707,643$386,143$0$2,716,417
97$6,229,050$344,291$0$2,924,237
98$6,801,726$298,474$0$3,152,576
99$7,430,841$248,438$0$3,403,576
100$8,122,088$193,913$0$3,679,609