Can I retire at age 68 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$51,034$50,579$50,136$49,703$49,280$49,011
2 years$25,264$24,794$24,338$23,896$23,467$23,195
3 years$16,676$16,203$15,748$15,310$14,888$14,622
4 years$12,382$11,911$11,461$11,030$10,618$10,361
5 years$9,807$9,338$8,894$8,472$8,072$7,823
6 years$8,090$7,625$7,188$6,775$6,387$6,147
7 years$6,865$6,404$5,973$5,570$5,194$4,964
8 years$5,946$5,489$5,066$4,673$4,309$4,088
9 years$5,232$4,779$4,363$3,980$3,629$3,417
10 years$4,661$4,213$3,804$3,431$3,092$2,889
11 years$4,194$3,750$3,349$2,986$2,659$2,465
12 years$3,805$3,366$2,972$2,619$2,305$2,119
13 years$3,476$3,042$2,655$2,312$2,010$1,833
14 years$3,195$2,765$2,386$2,053$1,762$1,593
15 years$2,951$2,526$2,154$1,831$1,551$1,391
16 years$2,738$2,318$1,953$1,639$1,371$1,218
17 years$2,550$2,134$1,777$1,473$1,215$1,071
18 years$2,383$1,972$1,622$1,327$1,081$944
19 years$2,234$1,828$1,485$1,199$963$833
20 years$2,100$1,699$1,363$1,086$860$737
21 years$1,979$1,582$1,254$986$770$654
22 years$1,869$1,477$1,155$896$690$580
23 years$1,769$1,381$1,067$816$620$516
24 years$1,678$1,294$987$744$557$459
25 years$1,593$1,215$914$680$501$409
26 years$1,516$1,141$848$622$451$365
27 years$1,444$1,074$787$569$407$326
28 years$1,377$1,012$732$521$367$291
29 years$1,316$955$681$478$332$260
30 years$1,258$902$634$439$300$232
31 years$1,204$853$591$403$271$208
32 years$1,154$807$552$370$245$186
33 years$1,107$764$515$341$222$167
34 years$1,062$724$481$313$201$149
35 years$1,021$687$450$288$182$134
36 years$982$652$421$266$165$120
37 years$944$619$394$245$149$107
38 years$909$588$369$226$135$96
39 years$876$559$346$208$123$86
40 years$845$532$324$192$111$78
41 years$815$507$304$177$101$70
42 years$787$483$285$163$92$62
43 years$760$460$267$151$83$56
44 years$734$438$251$139$76$50
45 years$710$418$236$129$69$45
46 years$687$399$221$119$62$41
47 years$664$380$208$110$57$36
48 years$643$363$195$101$51$33
49 years$623$347$184$94$47$29
50 years$603$331$173$87$42$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $618,000, adding $3,419 every year, while hoping to spend $40,542 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: 59/22/19 Blend
67$618,000$618,000$618,000$618,000
68$684,563$651,809$642,230$721,352
69$711,252$640,611$620,608$735,483
70$739,304$627,506$596,903$746,148
71$768,816$612,357$571,003$756,863
72$799,893$595,020$542,789$767,639
73$832,649$575,342$512,138$778,491
74$867,207$553,162$478,923$789,438
75$903,703$528,308$443,008$800,501
76$942,285$500,599$404,253$811,709
77$983,114$469,845$362,512$823,092
78$1,026,367$435,842$317,631$834,688
79$1,072,235$398,377$269,450$846,542
80$1,120,929$357,223$217,802$858,706
81$1,172,678$312,141$162,513$871,239
82$1,227,734$262,879$103,400$884,211
83$1,286,372$209,170$40,274$897,703
84$1,348,894$150,731$0$911,806
85$1,415,629$87,265$0$932,118
86$1,486,939$18,457$0$962,338
87$1,563,221$0$0$994,472
88$1,644,909$0$0$1,042,285
89$1,732,480$0$0$1,098,365
90$1,826,457$0$0$1,158,583
91$1,927,412$0$0$1,223,310
92$2,035,978$0$0$1,292,957
93$2,152,843$0$0$1,367,970
94$2,278,769$0$0$1,448,844
95$2,414,588$0$0$1,536,119
96$2,561,218$0$0$1,630,390
97$2,719,665$0$0$1,732,311
98$2,891,035$0$0$1,842,600
99$3,076,545$0$0$1,962,047
100$3,277,532$0$0$2,091,519