Can I retire at age 68 with 500,000?

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 $500,000?

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$41,290$40,922$40,563$40,213$39,871$39,242
2 years$20,440$20,060$19,691$19,333$18,986$18,355
3 years$13,492$13,109$12,741$12,387$12,046$11,431
4 years$10,018$9,637$9,272$8,924$8,591$7,998
5 years$7,934$7,555$7,196$6,855$6,531$5,960
6 years$6,545$6,169$5,815$5,482$5,168$4,621
7 years$5,554$5,181$4,832$4,507$4,203$3,680
8 years$4,811$4,441$4,098$3,781$3,486$2,987
9 years$4,233$3,867$3,530$3,220$2,936$2,461
10 years$3,771$3,408$3,077$2,776$2,502$2,049
11 years$3,393$3,034$2,709$2,416$2,152$1,722
12 years$3,079$2,723$2,404$2,119$1,864$1,457
13 years$2,813$2,461$2,148$1,871$1,626$1,240
14 years$2,585$2,237$1,930$1,661$1,425$1,060
15 years$2,388$2,044$1,743$1,481$1,255$910
16 years$2,215$1,875$1,580$1,326$1,109$784
17 years$2,063$1,727$1,438$1,191$983$677
18 years$1,928$1,596$1,312$1,074$874$586
19 years$1,808$1,479$1,202$970$779$508
20 years$1,699$1,374$1,103$879$696$441
21 years$1,601$1,280$1,014$798$623$384
22 years$1,512$1,195$935$725$558$335
23 years$1,431$1,118$863$660$501$292
24 years$1,357$1,047$798$602$451$255
25 years$1,289$983$739$550$405$223
26 years$1,226$923$686$503$365$195
27 years$1,168$869$637$460$329$170
28 years$1,114$819$592$422$297$149
29 years$1,064$773$551$387$268$131
30 years$1,018$730$513$355$242$114
31 years$974$690$478$326$219$100
32 years$934$653$446$300$198$88
33 years$895$618$417$276$179$77
34 years$860$586$389$254$162$68
35 years$826$556$364$233$147$59
36 years$794$527$341$215$133$52
37 years$764$501$319$198$121$46
38 years$736$476$298$183$110$40
39 years$709$453$280$168$99$35
40 years$684$431$262$155$90$31
41 years$659$410$246$143$82$27
42 years$637$390$231$132$74$24
43 years$615$372$216$122$67$21
44 years$594$355$203$113$61$18
45 years$574$338$191$104$55$16
46 years$555$323$179$96$50$14
47 years$538$308$168$89$46$12
48 years$520$294$158$82$42$11
49 years$504$281$149$76$38$10
50 years$488$268$140$70$34$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $500,000, adding $3,418 every year, while hoping to spend $32,447 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: 63/21/16 Blend
67$500,000$500,000$500,000$500,000
68$554,526$528,026$520,276$587,055
69$576,564$519,376$503,182$600,663
70$599,763$509,214$484,427$611,517
71$624,206$497,433$463,923$622,590
72$649,985$483,918$441,575$633,907
73$677,200$468,546$417,284$645,495
74$705,961$451,191$390,949$657,382
75$736,384$431,715$362,462$669,604
76$768,601$409,975$331,710$682,202
77$802,754$385,818$298,577$695,220
78$838,995$359,085$262,940$708,710
79$877,496$329,603$224,672$722,733
80$918,441$297,194$183,639$737,353
81$962,033$261,667$139,702$752,648
82$1,008,494$222,822$92,715$768,702
83$1,058,066$180,446$42,526$785,614
84$1,111,015$134,314$0$803,492
85$1,167,634$84,191$0$824,342
86$1,228,241$29,825$0$854,291
87$1,293,188$0$0$886,254
88$1,362,859$0$0$927,151
89$1,437,676$0$0$978,494
90$1,518,103$0$0$1,033,713
91$1,604,647$0$0$1,093,159
92$1,697,867$0$0$1,157,220
93$1,798,376$0$0$1,226,321
94$1,906,848$0$0$1,300,929
95$2,024,022$0$0$1,381,557
96$2,150,713$0$0$1,468,768
97$2,287,814$0$0$1,563,184
98$2,436,308$0$0$1,665,485
99$2,597,274$0$0$1,776,420
100$2,771,902$0$0$1,896,814