Can I retire at age 68 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$51,034$50,579$50,136$49,703$49,280$48,806
2 years$25,264$24,794$24,338$23,896$23,467$22,989
3 years$16,676$16,203$15,748$15,310$14,888$14,422
4 years$12,382$11,911$11,461$11,030$10,618$10,167
5 years$9,807$9,338$8,894$8,472$8,072$7,637
6 years$8,090$7,625$7,188$6,775$6,387$5,969
7 years$6,865$6,404$5,973$5,570$5,194$4,793
8 years$5,946$5,489$5,066$4,673$4,309$3,925
9 years$5,232$4,779$4,363$3,980$3,629$3,261
10 years$4,661$4,213$3,804$3,431$3,092$2,741
11 years$4,194$3,750$3,349$2,986$2,659$2,325
12 years$3,805$3,366$2,972$2,619$2,305$1,986
13 years$3,476$3,042$2,655$2,312$2,010$1,706
14 years$3,195$2,765$2,386$2,053$1,762$1,474
15 years$2,951$2,526$2,154$1,831$1,551$1,278
16 years$2,738$2,318$1,953$1,639$1,371$1,112
17 years$2,550$2,134$1,777$1,473$1,215$971
18 years$2,383$1,972$1,622$1,327$1,081$849
19 years$2,234$1,828$1,485$1,199$963$745
20 years$2,100$1,699$1,363$1,086$860$654
21 years$1,979$1,582$1,254$986$770$576
22 years$1,869$1,477$1,155$896$690$507
23 years$1,769$1,381$1,067$816$620$448
24 years$1,678$1,294$987$744$557$395
25 years$1,593$1,215$914$680$501$350
26 years$1,516$1,141$848$622$451$309
27 years$1,444$1,074$787$569$407$274
28 years$1,377$1,012$732$521$367$243
29 years$1,316$955$681$478$332$215
30 years$1,258$902$634$439$300$191
31 years$1,204$853$591$403$271$169
32 years$1,154$807$552$370$245$150
33 years$1,107$764$515$341$222$133
34 years$1,062$724$481$313$201$119
35 years$1,021$687$450$288$182$105
36 years$982$652$421$266$165$94
37 years$944$619$394$245$149$83
38 years$909$588$369$226$135$74
39 years$876$559$346$208$123$66
40 years$845$532$324$192$111$59
41 years$815$507$304$177$101$52
42 years$787$483$285$163$92$46
43 years$760$460$267$151$83$41
44 years$734$438$251$139$76$37
45 years$710$418$236$129$69$33
46 years$687$399$221$119$62$29
47 years$664$380$208$110$57$26
48 years$643$363$195$101$51$23
49 years$623$347$184$94$47$20
50 years$603$331$173$87$42$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $618,000, adding $6,172 every year, while hoping to spend $23,962 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: 52/38/10 Blend
67$618,000$618,000$618,000$618,000
68$687,402$654,648$645,069$721,055
69$732,022$661,231$641,184$751,237
70$780,390$667,333$636,365$780,948
71$832,863$672,905$630,556$812,700
72$889,833$677,896$623,699$846,691
73$951,734$682,250$615,730$883,141
74$1,019,038$685,908$606,585$922,290
75$1,092,270$688,808$596,195$964,408
76$1,172,005$690,883$584,491$1,009,789
77$1,258,874$692,061$571,396$1,058,759
78$1,353,575$692,268$556,834$1,111,681
79$1,456,874$691,423$540,722$1,168,953
80$1,569,614$689,441$522,975$1,231,016
81$1,692,724$686,233$503,504$1,298,357
82$1,827,226$681,703$482,215$1,371,513
83$1,974,246$675,749$459,012$1,451,080
84$2,135,021$668,263$433,791$1,537,713
85$2,310,917$659,131$406,447$1,632,138
86$2,503,435$648,233$376,867$1,735,156
87$2,714,229$635,440$344,936$1,847,652
88$2,945,121$620,617$310,532$1,970,603
89$3,198,116$603,620$273,527$2,105,088
90$3,475,423$584,297$233,790$2,252,299
91$3,779,475$562,486$191,181$2,413,550
92$4,112,951$538,018$145,555$2,590,296
93$4,478,803$510,712$96,762$2,784,139
94$4,880,281$480,377$44,644$2,996,851
95$5,320,967$446,812$0$3,230,385
96$5,804,803$409,804$0$3,488,071
97$6,336,136$369,127$0$3,776,279
98$6,919,750$324,543$0$4,092,887
99$7,560,919$275,800$0$4,440,816
100$8,265,451$222,632$0$4,823,290