Can I retire at age 68 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$50,786$50,334$49,892$49,462$49,041$47,875
2 years$25,142$24,673$24,220$23,780$23,353$22,185
3 years$16,595$16,124$15,672$15,236$14,816$13,683
4 years$12,322$11,853$11,405$10,977$10,567$9,477
5 years$9,759$9,293$8,851$8,431$8,033$6,989
6 years$8,051$7,588$7,153$6,742$6,356$5,360
7 years$6,831$6,373$5,944$5,543$5,169$4,220
8 years$5,917$5,463$5,041$4,650$4,288$3,387
9 years$5,206$4,756$4,342$3,961$3,611$2,756
10 years$4,638$4,192$3,785$3,414$3,077$2,267
11 years$4,173$3,732$3,332$2,971$2,646$1,881
12 years$3,787$3,350$2,957$2,606$2,293$1,571
13 years$3,459$3,027$2,642$2,301$2,000$1,319
14 years$3,179$2,752$2,374$2,043$1,753$1,113
15 years$2,937$2,514$2,144$1,822$1,544$942
16 years$2,725$2,306$1,943$1,631$1,364$800
17 years$2,538$2,124$1,768$1,466$1,210$681
18 years$2,372$1,963$1,614$1,321$1,075$581
19 years$2,224$1,819$1,478$1,193$959$496
20 years$2,090$1,690$1,356$1,081$856$425
21 years$1,970$1,574$1,248$981$766$364
22 years$1,860$1,470$1,150$892$687$312
23 years$1,761$1,375$1,062$812$617$268
24 years$1,669$1,288$982$741$554$231
25 years$1,586$1,209$909$677$499$198
26 years$1,508$1,136$843$619$449$171
27 years$1,437$1,069$783$566$405$147
28 years$1,371$1,007$728$519$365$127
29 years$1,309$950$678$476$330$109
30 years$1,252$897$631$437$298$94
31 years$1,198$848$588$401$270$81
32 years$1,148$803$549$369$244$70
33 years$1,101$760$513$339$221$60
34 years$1,057$721$479$312$200$52
35 years$1,016$683$448$287$181$45
36 years$977$649$419$264$164$39
37 years$940$616$392$244$149$33
38 years$905$585$367$225$135$29
39 years$872$557$344$207$122$25
40 years$841$530$322$191$111$21
41 years$811$504$302$176$101$19
42 years$783$480$284$163$91$16
43 years$756$458$266$150$83$14
44 years$731$436$250$139$75$12
45 years$706$416$235$128$68$10
46 years$683$397$220$118$62$9
47 years$661$379$207$109$56$8
48 years$640$361$194$101$51$7
49 years$620$345$183$93$46$6
50 years$600$330$172$86$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $615,000, adding $6,461 every year, while hoping to spend $27,475 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: 81/5/14 Blend
67$615,000$615,000$615,000$615,000
68$684,395$651,800$642,267$737,423
69$724,970$654,505$634,550$775,888
70$768,762$656,421$625,653$813,874
71$816,072$657,482$615,509$854,777
72$867,228$657,615$604,045$898,876
73$922,591$656,744$591,186$946,479
74$982,559$654,787$576,854$997,924
75$1,047,567$651,660$560,966$1,053,586
76$1,118,098$647,270$543,437$1,113,876
77$1,194,679$641,521$524,177$1,179,248
78$1,277,890$634,310$503,092$1,250,201
79$1,368,372$625,528$480,082$1,327,287
80$1,466,828$615,061$455,046$1,411,111
81$1,574,030$602,785$427,877$1,502,344
82$1,690,832$588,571$398,461$1,601,721
83$1,818,169$572,283$366,681$1,710,056
84$1,957,072$553,776$332,416$1,828,243
85$2,108,678$532,895$295,536$1,957,269
86$2,274,235$509,479$255,908$2,098,223
87$2,455,118$483,355$213,393$2,252,301
88$2,652,843$454,341$167,843$2,420,826
89$2,869,075$422,247$119,109$2,605,254
90$3,105,651$386,867$67,029$2,807,188
91$3,364,591$347,987$11,438$3,028,400
92$3,648,121$305,380$0$3,270,837
93$3,958,693$258,807$0$3,543,802
94$4,299,004$208,013$0$3,844,800
95$4,672,027$152,730$0$4,174,759
96$5,081,036$92,676$0$4,536,585
97$5,529,637$27,553$0$4,933,483
98$6,021,800$0$0$5,368,979
99$6,561,901$0$0$5,849,325
100$7,154,757$0$0$6,378,269