Can I retire at age 68 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$46,162$45,751$45,349$44,958$44,575$43,783
2 years$22,852$22,427$22,014$21,614$21,226$20,431
3 years$15,084$14,656$14,245$13,849$13,467$12,693
4 years$11,200$10,774$10,366$9,977$9,605$8,858
5 years$8,870$8,447$8,045$7,663$7,301$6,584
6 years$7,318$6,897$6,501$6,128$5,777$5,091
7 years$6,209$5,792$5,403$5,039$4,698$4,043
8 years$5,378$4,965$4,582$4,227$3,898$3,273
9 years$4,732$4,323$3,946$3,600$3,283$2,687
10 years$4,216$3,811$3,441$3,103$2,797$2,231
11 years$3,793$3,392$3,029$2,701$2,405$1,869
12 years$3,442$3,045$2,688$2,369$2,084$1,576
13 years$3,144$2,752$2,402$2,092$1,818$1,337
14 years$2,890$2,501$2,158$1,857$1,593$1,139
15 years$2,669$2,285$1,948$1,656$1,403$974
16 years$2,477$2,096$1,766$1,483$1,240$836
17 years$2,307$1,931$1,607$1,332$1,099$720
18 years$2,156$1,784$1,467$1,200$978$621
19 years$2,021$1,653$1,343$1,085$871$536
20 years$1,900$1,536$1,233$982$778$464
21 years$1,790$1,431$1,134$892$696$402
22 years$1,691$1,336$1,045$811$624$349
23 years$1,600$1,249$965$738$560$303
24 years$1,517$1,171$892$673$504$264
25 years$1,441$1,099$827$615$453$230
26 years$1,371$1,032$767$562$408$200
27 years$1,306$972$712$515$368$174
28 years$1,246$916$662$472$332$152
29 years$1,190$864$616$432$300$133
30 years$1,138$816$574$397$271$116
31 years$1,089$771$535$364$245$101
32 years$1,044$730$499$335$222$88
33 years$1,001$691$466$308$201$77
34 years$961$655$435$283$182$67
35 years$923$621$407$261$164$59
36 years$888$590$381$240$149$51
37 years$854$560$356$221$135$45
38 years$823$532$334$204$122$39
39 years$793$506$313$188$111$34
40 years$764$481$293$174$101$30
41 years$737$458$275$160$91$26
42 years$712$436$258$148$83$23
43 years$687$416$242$136$75$20
44 years$664$396$227$126$68$18
45 years$642$378$213$116$62$15
46 years$621$361$200$107$56$13
47 years$601$344$188$99$51$12
48 years$582$329$177$92$46$10
49 years$563$314$166$85$42$9
50 years$546$300$156$78$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $559,000, adding $6,258 every year, while hoping to spend $43,446 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: 40/43/17 Blend
67$559,000$559,000$559,000$559,000
68$622,473$592,846$584,182$644,003
69$639,739$575,669$557,526$642,742
70$657,310$556,195$528,520$636,705
71$675,172$534,264$497,041$629,257
72$693,305$509,709$462,959$620,291
73$711,691$482,353$426,136$609,694
74$730,303$452,009$386,431$597,346
75$749,113$418,476$343,696$583,119
76$768,089$381,547$297,776$566,876
77$787,190$340,999$248,507$548,472
78$806,373$296,598$195,722$527,752
79$825,589$248,097$139,244$504,552
80$844,778$195,233$78,889$478,696
81$863,877$137,731$14,463$449,996
82$882,811$75,299$0$418,254
83$901,498$7,628$0$393,105
84$919,842$0$0$367,914
85$937,739$0$0$370,897
86$955,070$0$0$377,199
87$971,701$0$0$383,150
88$987,484$0$0$388,685
89$1,002,252$0$0$393,727
90$1,015,819$0$0$398,193
91$1,027,977$0$0$401,990
92$1,038,494$0$0$405,015
93$1,047,112$0$0$407,152
94$1,053,544$0$0$408,273
95$1,057,470$0$0$408,236
96$1,058,535$0$0$406,882
97$1,056,345$0$0$404,035
98$1,050,461$0$0$399,501
99$1,040,398$0$0$393,064
100$1,025,617$0$0$384,483