Can I retire at age 68 with 607,000?

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 $607,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$50,125$49,679$49,243$48,818$48,403$47,878
2 years$24,815$24,352$23,905$23,470$23,049$22,520
3 years$16,379$15,915$15,468$15,038$14,623$14,107
4 years$12,162$11,699$11,257$10,834$10,429$9,930
5 years$9,632$9,172$8,736$8,321$7,928$7,447
6 years$7,946$7,490$7,060$6,655$6,273$5,811
7 years$6,742$6,290$5,867$5,471$5,102$4,659
8 years$5,840$5,392$4,975$4,590$4,233$3,808
9 years$5,139$4,694$4,285$3,909$3,564$3,159
10 years$4,578$4,138$3,736$3,370$3,037$2,650
11 years$4,119$3,684$3,289$2,933$2,612$2,243
12 years$3,737$3,306$2,919$2,572$2,263$1,913
13 years$3,414$2,988$2,608$2,271$1,974$1,640
14 years$3,138$2,716$2,343$2,016$1,730$1,414
15 years$2,899$2,481$2,116$1,798$1,523$1,224
16 years$2,689$2,276$1,918$1,610$1,346$1,063
17 years$2,505$2,096$1,745$1,446$1,194$925
18 years$2,341$1,937$1,593$1,304$1,061$808
19 years$2,195$1,795$1,459$1,178$946$707
20 years$2,063$1,668$1,339$1,067$845$620
21 years$1,944$1,554$1,231$968$756$544
22 years$1,836$1,451$1,135$880$678$478
23 years$1,738$1,357$1,048$802$609$421
24 years$1,648$1,271$969$731$547$371
25 years$1,565$1,193$898$668$492$327
26 years$1,489$1,121$832$611$443$289
27 years$1,418$1,055$773$559$400$255
28 years$1,353$994$719$512$361$226
29 years$1,292$938$669$470$326$200
30 years$1,236$886$623$431$294$177
31 years$1,183$837$581$396$266$156
32 years$1,133$792$542$364$241$138
33 years$1,087$750$506$334$218$123
34 years$1,044$711$473$308$197$109
35 years$1,003$675$442$283$179$96
36 years$964$640$413$261$162$85
37 years$928$608$387$240$147$76
38 years$893$578$362$222$133$67
39 years$861$549$339$204$121$60
40 years$830$523$318$188$109$53
41 years$801$498$298$174$99$47
42 years$773$474$280$160$90$42
43 years$746$452$263$148$82$37
44 years$721$430$247$137$74$33
45 years$697$410$231$126$67$29
46 years$674$392$217$117$61$26
47 years$653$374$204$108$56$23
48 years$632$357$192$100$50$20
49 years$612$341$180$92$46$18
50 years$593$325$170$85$42$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $607,000, adding $3,988 every year, while hoping to spend $30,887 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: 28/42/30 Blend
67$607,000$607,000$607,000$607,000
68$673,028$640,857$631,448$685,555
69$708,813$639,395$619,738$694,511
70$747,213$636,827$606,601$701,216
71$788,462$633,065$591,955$707,809
72$832,817$628,017$575,718$714,302
73$880,561$621,586$557,800$720,712
74$932,002$613,667$538,110$727,061
75$987,481$604,152$516,552$733,374
76$1,047,372$592,924$493,025$739,687
77$1,112,086$579,859$467,423$746,037
78$1,182,074$564,827$439,637$752,473
79$1,257,833$547,690$409,552$759,052
80$1,339,907$528,302$377,047$765,840
81$1,428,896$506,508$341,997$772,916
82$1,525,461$482,144$304,271$780,370
83$1,630,326$455,037$263,732$788,306
84$1,744,289$425,004$220,237$796,848
85$1,868,227$391,850$173,636$806,132
86$2,003,108$355,372$123,774$816,320
87$2,149,992$315,352$70,487$827,593
88$2,310,049$271,563$13,607$840,159
89$2,484,566$223,761$0$854,253
90$2,674,959$171,692$0$885,217
91$2,882,786$115,087$0$923,907
92$3,109,763$53,659$0$966,365
93$3,357,780$0$0$1,013,043
94$3,628,915$0$0$1,070,398
95$3,925,458$0$0$1,160,345
96$4,249,930$0$0$1,258,861
97$4,605,107$0$0$1,366,801
98$4,994,044$0$0$1,485,105
99$5,420,109$0$0$1,614,812
100$5,887,007$0$0$1,757,064