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%13.8%
1 years$50,786$50,334$49,892$49,462$49,041$48,268
2 years$25,142$24,673$24,220$23,780$23,353$22,576
3 years$16,595$16,124$15,672$15,236$14,816$14,060
4 years$12,322$11,853$11,405$10,977$10,567$9,837
5 years$9,759$9,293$8,851$8,431$8,033$7,331
6 years$8,051$7,588$7,153$6,742$6,356$5,684
7 years$6,831$6,373$5,944$5,543$5,169$4,526
8 years$5,917$5,463$5,041$4,650$4,288$3,674
9 years$5,206$4,756$4,342$3,961$3,611$3,026
10 years$4,638$4,192$3,785$3,414$3,077$2,521
11 years$4,173$3,732$3,332$2,971$2,646$2,118
12 years$3,787$3,350$2,957$2,606$2,293$1,792
13 years$3,459$3,027$2,642$2,301$2,000$1,525
14 years$3,179$2,752$2,374$2,043$1,753$1,304
15 years$2,937$2,514$2,144$1,822$1,544$1,119
16 years$2,725$2,306$1,943$1,631$1,364$964
17 years$2,538$2,124$1,768$1,466$1,210$832
18 years$2,372$1,963$1,614$1,321$1,075$720
19 years$2,224$1,819$1,478$1,193$959$625
20 years$2,090$1,690$1,356$1,081$856$543
21 years$1,970$1,574$1,248$981$766$472
22 years$1,860$1,470$1,150$892$687$412
23 years$1,761$1,375$1,062$812$617$359
24 years$1,669$1,288$982$741$554$313
25 years$1,586$1,209$909$677$499$274
26 years$1,508$1,136$843$619$449$239
27 years$1,437$1,069$783$566$405$209
28 years$1,371$1,007$728$519$365$183
29 years$1,309$950$678$476$330$161
30 years$1,252$897$631$437$298$141
31 years$1,198$848$588$401$270$123
32 years$1,148$803$549$369$244$108
33 years$1,101$760$513$339$221$95
34 years$1,057$721$479$312$200$83
35 years$1,016$683$448$287$181$73
36 years$977$649$419$264$164$64
37 years$940$616$392$244$149$56
38 years$905$585$367$225$135$49
39 years$872$557$344$207$122$43
40 years$841$530$322$191$111$38
41 years$811$504$302$176$101$33
42 years$783$480$284$163$91$29
43 years$756$458$266$150$83$26
44 years$731$436$250$139$75$23
45 years$706$416$235$128$68$20
46 years$683$397$220$118$62$17
47 years$661$379$207$109$56$15
48 years$640$361$194$101$51$13
49 years$620$345$183$93$46$12
50 years$600$330$172$86$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $615,000, adding $4,231 every year, while hoping to spend $38,057 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: 64/28/8 Blend
67$615,000$615,000$615,000$615,000
68$682,094$649,499$639,967$724,394
69$711,176$640,832$620,913$744,448
70$741,948$630,465$599,946$761,476
71$774,543$618,275$576,961$779,091
72$809,105$604,129$551,848$797,347
73$845,794$587,891$524,495$816,306
74$884,780$569,413$494,781$836,036
75$926,253$548,540$462,582$856,615
76$970,421$525,109$427,768$878,131
77$1,017,509$498,944$390,203$900,679
78$1,067,765$469,862$349,745$924,370
79$1,121,461$437,669$306,245$949,326
80$1,178,894$402,160$259,549$975,685
81$1,240,392$363,116$209,495$1,003,598
82$1,306,312$320,309$155,913$1,033,238
83$1,377,047$273,495$98,627$1,064,795
84$1,453,028$222,418$37,453$1,098,483
85$1,534,728$166,808$0$1,134,541
86$1,622,666$106,377$0$1,175,610
87$1,717,412$40,824$0$1,223,177
88$1,819,594$0$0$1,274,389
89$1,929,899$0$0$1,338,929
90$2,049,084$0$0$1,422,288
91$2,177,979$0$0$1,512,474
92$2,317,497$0$0$1,610,130
93$2,468,644$0$0$1,715,964
94$2,632,522$0$0$1,830,752
95$2,810,346$0$0$1,955,352
96$3,003,452$0$0$2,090,704
97$3,213,308$0$0$2,237,842
98$3,441,529$0$0$2,397,906
99$3,689,894$0$0$2,572,149
100$3,960,357$0$0$2,761,948