Can I retire at age 68 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$46,244$45,832$45,430$45,038$44,655$43,647
2 years$22,893$22,467$22,054$21,653$21,264$20,254
3 years$15,111$14,682$14,270$13,873$13,491$12,510
4 years$11,220$10,793$10,385$9,995$9,622$8,678
5 years$8,886$8,462$8,059$7,677$7,314$6,410
6 years$7,331$6,910$6,513$6,139$5,788$4,924
7 years$6,220$5,803$5,412$5,048$4,707$3,884
8 years$5,388$4,974$4,590$4,234$3,905$3,122
9 years$4,741$4,331$3,953$3,607$3,288$2,545
10 years$4,223$3,817$3,447$3,109$2,802$2,098
11 years$3,800$3,398$3,034$2,706$2,410$1,744
12 years$3,448$3,050$2,693$2,373$2,088$1,459
13 years$3,150$2,757$2,406$2,095$1,821$1,228
14 years$2,895$2,506$2,162$1,860$1,596$1,038
15 years$2,674$2,289$1,952$1,659$1,405$880
16 years$2,481$2,100$1,770$1,485$1,242$749
17 years$2,311$1,934$1,610$1,334$1,101$639
18 years$2,160$1,787$1,470$1,203$979$546
19 years$2,025$1,656$1,346$1,087$873$468
20 years$1,903$1,539$1,235$984$780$401
21 years$1,794$1,434$1,136$893$698$345
22 years$1,694$1,338$1,047$812$625$297
23 years$1,603$1,252$967$740$561$255
24 years$1,520$1,173$894$675$505$220
25 years$1,444$1,101$828$616$454$190
26 years$1,373$1,034$768$563$409$164
27 years$1,308$973$713$516$369$141
28 years$1,248$917$663$472$333$122
29 years$1,192$865$617$433$300$105
30 years$1,140$817$575$398$271$91
31 years$1,091$773$536$365$245$79
32 years$1,046$731$500$336$222$68
33 years$1,003$692$467$309$201$59
34 years$963$656$436$284$182$51
35 years$925$622$408$261$165$44
36 years$889$591$381$241$149$38
37 years$856$561$357$222$135$33
38 years$824$533$334$204$123$28
39 years$794$507$313$188$111$25
40 years$766$482$294$174$101$21
41 years$739$459$275$160$92$18
42 years$713$437$258$148$83$16
43 years$689$417$242$137$75$14
44 years$665$397$227$126$68$12
45 years$643$379$214$117$62$10
46 years$622$361$201$108$56$9
47 years$602$345$188$99$51$8
48 years$583$329$177$92$47$7
49 years$564$314$166$85$42$6
50 years$547$300$156$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $560,000, adding $4,115 every year, while hoping to spend $40,432 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: 53/32/15 Blend
67$560,000$560,000$560,000$560,000
68$621,365$591,685$583,005$651,594
69$641,724$577,658$559,516$658,669
70$662,806$561,589$533,885$661,716
71$684,640$543,334$505,998$664,122
72$707,259$522,744$475,735$665,837
73$730,698$499,657$442,971$666,809
74$754,994$473,904$407,575$666,982
75$780,186$445,308$369,411$666,298
76$806,314$413,678$328,336$664,696
77$833,425$378,814$284,202$662,111
78$861,564$340,506$236,852$658,476
79$890,781$298,529$186,125$653,720
80$921,131$252,647$131,850$647,769
81$952,671$202,611$73,851$640,545
82$985,461$148,157$11,943$631,967
83$1,019,569$89,007$0$621,950
84$1,055,063$24,866$0$619,069
85$1,092,019$0$0$617,171
86$1,130,520$0$0$629,976
87$1,170,652$0$0$652,460
88$1,212,509$0$0$675,922
89$1,256,192$0$0$700,420
90$1,301,812$0$0$726,016
91$1,349,485$0$0$752,779
92$1,399,341$0$0$780,783
93$1,451,516$0$0$810,106
94$1,506,160$0$0$840,835
95$1,563,436$0$0$873,063
96$1,623,518$0$0$906,893
97$1,686,599$0$0$942,433
98$1,752,884$0$0$979,805
99$1,822,599$0$0$1,019,137
100$1,895,990$0$0$1,060,572