Can I retire at age 68 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$47,813$47,387$46,972$46,566$46,170$45,860
2 years$23,670$23,229$22,802$22,388$21,986$21,673
3 years$15,623$15,180$14,754$14,344$13,949$13,643
4 years$11,601$11,159$10,737$10,334$9,948$9,652
5 years$9,188$8,749$8,333$7,938$7,563$7,276
6 years$7,580$7,144$6,734$6,348$5,984$5,709
7 years$6,431$6,000$5,596$5,219$4,867$4,602
8 years$5,571$5,143$4,746$4,378$4,037$3,783
9 years$4,902$4,478$4,088$3,729$3,400$3,157
10 years$4,367$3,947$3,564$3,214$2,897$2,664
11 years$3,929$3,514$3,137$2,798$2,491$2,269
12 years$3,565$3,154$2,784$2,454$2,159$1,947
13 years$3,257$2,850$2,488$2,166$1,883$1,681
14 years$2,993$2,591$2,235$1,923$1,650$1,458
15 years$2,765$2,367$2,018$1,715$1,453$1,270
16 years$2,565$2,171$1,830$1,536$1,284$1,111
17 years$2,389$2,000$1,665$1,380$1,139$974
18 years$2,233$1,848$1,520$1,243$1,013$857
19 years$2,093$1,713$1,391$1,124$902$755
20 years$1,968$1,591$1,277$1,018$806$667
21 years$1,854$1,482$1,175$924$721$590
22 years$1,751$1,384$1,082$840$647$522
23 years$1,658$1,294$999$765$580$463
24 years$1,572$1,212$924$697$522$411
25 years$1,493$1,138$856$637$469$366
26 years$1,420$1,069$794$582$423$325
27 years$1,353$1,006$737$533$381$290
28 years$1,290$948$685$488$344$258
29 years$1,233$895$638$448$311$230
30 years$1,179$845$594$411$281$205
31 years$1,128$799$554$378$254$183
32 years$1,081$756$517$347$230$164
33 years$1,037$716$483$319$208$146
34 years$995$678$451$294$188$131
35 years$956$643$422$270$170$117
36 years$920$611$394$249$154$104
37 years$885$580$369$229$140$93
38 years$852$551$346$211$127$83
39 years$821$524$324$195$115$75
40 years$792$499$304$180$104$67
41 years$764$475$285$166$95$60
42 years$737$452$267$153$86$53
43 years$712$431$251$141$78$48
44 years$688$411$235$130$71$43
45 years$665$392$221$120$64$38
46 years$643$374$207$111$58$34
47 years$622$356$195$103$53$31
48 years$603$340$183$95$48$28
49 years$584$325$172$88$44$25
50 years$565$310$162$81$40$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $579,000, adding $4,610 every year, while hoping to spend $26,459 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: 50/42/8 Blend
67$579,000$579,000$579,000$579,000
68$642,813$612,126$603,152$673,396
69$680,228$613,968$595,205$696,610
70$720,572$615,014$586,106$718,614
71$764,117$615,196$575,786$741,902
72$811,160$614,443$564,178$766,601
73$862,027$612,680$551,207$792,852
74$917,080$609,827$536,798$820,812
75$976,712$605,799$520,871$850,655
76$1,041,359$600,505$503,342$882,573
77$1,111,497$593,850$484,124$916,780
78$1,187,653$585,732$463,126$953,514
79$1,270,405$576,044$440,252$993,037
80$1,360,389$564,672$415,402$1,035,643
81$1,458,303$551,496$388,473$1,081,655
82$1,564,918$536,387$359,355$1,131,431
83$1,681,080$519,211$327,934$1,185,370
84$1,807,722$499,824$294,092$1,243,912
85$1,945,870$478,075$257,704$1,307,545
86$2,096,652$453,804$218,640$1,376,811
87$2,261,311$426,841$176,765$1,452,309
88$2,441,216$397,007$131,938$1,534,701
89$2,637,872$364,113$84,010$1,624,722
90$2,852,939$327,958$32,828$1,723,185
91$3,088,241$288,331$0$1,830,990
92$3,345,790$245,007$0$1,950,992
93$3,627,799$197,751$0$2,085,543
94$3,936,706$146,312$0$2,233,072
95$4,275,196$90,428$0$2,394,943
96$4,646,226$29,818$0$2,572,660
97$5,053,052$0$0$2,767,890
98$5,499,261$0$0$2,999,021
99$5,988,804$0$0$3,267,780
100$6,526,031$0$0$3,562,783