Can I retire at age 68 with 536,000?

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 $536,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$44,262$43,868$43,483$43,108$42,741$41,127
2 years$21,912$21,504$21,108$20,725$20,353$18,745
3 years$14,463$14,053$13,659$13,279$12,913$11,362
4 years$10,739$10,331$9,940$9,567$9,210$7,728
5 years$8,505$8,099$7,714$7,348$7,001$5,592
6 years$7,017$6,614$6,234$5,876$5,540$4,205
7 years$5,954$5,554$5,180$4,831$4,505$3,244
8 years$5,157$4,761$4,393$4,053$3,737$2,548
9 years$4,538$4,145$3,784$3,452$3,147$2,029
10 years$4,042$3,654$3,299$2,976$2,682$1,632
11 years$3,637$3,253$2,904$2,590$2,306$1,323
12 years$3,300$2,920$2,578$2,272$1,999$1,079
13 years$3,015$2,638$2,303$2,005$1,743$884
14 years$2,771$2,398$2,069$1,780$1,528$727
15 years$2,559$2,191$1,868$1,588$1,345$600
16 years$2,375$2,010$1,694$1,422$1,189$497
17 years$2,212$1,851$1,541$1,277$1,054$412
18 years$2,067$1,711$1,407$1,151$937$342
19 years$1,938$1,585$1,288$1,040$835$284
20 years$1,822$1,473$1,182$942$746$237
21 years$1,717$1,372$1,087$855$668$197
22 years$1,621$1,281$1,002$777$599$165
23 years$1,534$1,198$925$708$537$137
24 years$1,455$1,122$856$646$483$115
25 years$1,382$1,053$793$590$435$96
26 years$1,315$990$735$539$391$80
27 years$1,252$932$683$494$353$67
28 years$1,195$878$635$452$318$56
29 years$1,141$828$590$415$288$47
30 years$1,091$782$550$381$260$39
31 years$1,044$739$513$349$235$33
32 years$1,001$700$478$321$212$27
33 years$960$663$447$295$192$23
34 years$921$628$417$272$174$19
35 years$885$596$390$250$158$16
36 years$851$565$365$230$143$14
37 years$819$537$342$212$130$11
38 years$789$510$320$196$117$9
39 years$760$485$300$180$106$8
40 years$733$462$281$166$97$7
41 years$707$439$263$154$88$6
42 years$682$419$247$142$79$5
43 years$659$399$232$131$72$4
44 years$637$380$218$121$65$3
45 years$616$362$204$112$59$3
46 years$595$346$192$103$54$2
47 years$576$330$180$95$49$2
48 years$558$315$169$88$45$2
49 years$540$301$159$81$40$1
50 years$523$287$150$75$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $536,000, adding $6,228 every year, while hoping to spend $26,176 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: 57/25/18 Blend
67$536,000$536,000$536,000$536,000
68$597,096$568,688$560,380$627,955
69$630,149$568,703$551,302$649,651
70$665,696$567,841$541,042$669,912
71$703,963$566,032$529,534$691,403
72$745,201$563,201$516,706$714,249
73$789,682$559,268$502,486$738,586
74$837,707$554,149$486,797$764,567
75$889,605$547,755$469,557$792,361
76$945,741$539,991$450,683$822,156
77$1,006,513$530,757$430,087$854,159
78$1,072,359$519,945$407,677$888,601
79$1,143,761$507,445$383,356$925,737
80$1,221,250$493,135$357,024$965,851
81$1,305,409$476,890$328,576$1,009,257
82$1,396,879$458,576$297,902$1,056,301
83$1,496,367$438,052$264,887$1,107,370
84$1,604,648$415,168$229,412$1,162,888
85$1,722,576$389,766$191,352$1,223,328
86$1,851,092$361,678$150,575$1,289,213
87$1,991,231$330,727$106,947$1,361,120
88$2,144,130$296,726$60,323$1,439,689
89$2,311,044$259,478$10,556$1,525,628
90$2,493,351$218,774$0$1,619,721
91$2,692,571$174,392$0$1,731,006
92$2,910,376$126,100$0$1,854,963
93$3,148,607$73,651$0$1,990,655
94$3,409,290$16,785$0$2,139,285
95$3,694,658$0$0$2,302,184
96$4,007,169$0$0$2,493,136
97$4,349,529$0$0$2,707,432
98$4,724,719$0$0$2,942,326
99$5,136,021$0$0$3,199,880
100$5,587,053$0$0$3,482,364