Can I retire at age 68 with 266,000?

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 $266,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$21,966$21,770$21,579$21,393$21,211$20,598
2 years$10,874$10,672$10,475$10,285$10,101$9,488
3 years$7,178$6,974$6,778$6,590$6,408$5,815
4 years$5,329$5,127$4,933$4,748$4,570$4,001
5 years$4,221$4,019$3,828$3,647$3,474$2,931
6 years$3,482$3,282$3,094$2,916$2,749$2,232
7 years$2,955$2,756$2,571$2,398$2,236$1,744
8 years$2,559$2,363$2,180$2,011$1,855$1,389
9 years$2,252$2,057$1,878$1,713$1,562$1,122
10 years$2,006$1,813$1,637$1,477$1,331$915
11 years$1,805$1,614$1,441$1,285$1,145$753
12 years$1,638$1,449$1,279$1,127$992$624
13 years$1,496$1,309$1,143$995$865$519
14 years$1,375$1,190$1,027$883$758$434
15 years$1,270$1,087$927$788$668$364
16 years$1,178$998$841$705$590$306
17 years$1,098$919$765$634$523$258
18 years$1,026$849$698$571$465$218
19 years$962$787$639$516$415$185
20 years$904$731$587$467$370$157
21 years$852$681$540$424$331$133
22 years$805$636$497$386$297$113
23 years$762$595$459$351$267$96
24 years$722$557$425$320$240$82
25 years$686$523$393$293$216$69
26 years$652$491$365$268$194$59
27 years$621$462$339$245$175$50
28 years$593$436$315$224$158$43
29 years$566$411$293$206$143$37
30 years$541$388$273$189$129$31
31 years$518$367$254$173$117$27
32 years$497$347$237$159$105$23
33 years$476$329$222$147$95$19
34 years$457$312$207$135$86$17
35 years$439$296$194$124$78$14
36 years$422$281$181$114$71$12
37 years$407$266$170$105$64$10
38 years$391$253$159$97$58$9
39 years$377$241$149$90$53$7
40 years$364$229$139$83$48$6
41 years$351$218$131$76$43$5
42 years$339$208$123$70$39$5
43 years$327$198$115$65$36$4
44 years$316$189$108$60$33$3
45 years$306$180$101$55$30$3
46 years$296$172$95$51$27$2
47 years$286$164$90$47$24$2
48 years$277$156$84$44$22$2
49 years$268$149$79$40$20$2
50 years$260$143$74$37$18$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $266,000, adding $3,185 every year, while hoping to spend $22,282 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: 55/21/24 Blend
67$266,000$266,000$266,000$266,000
68$296,417$282,319$278,196$310,610
69$302,944$272,445$263,808$310,831
70$309,390$261,340$248,191$308,473
71$315,722$248,921$231,280$305,438
72$321,906$235,098$213,009$301,669
73$327,902$219,779$193,305$297,101
74$333,663$202,864$172,096$291,669
75$339,140$184,247$149,305$285,300
76$344,276$163,819$124,850$277,914
77$349,008$141,462$98,649$269,427
78$353,266$117,053$70,612$259,747
79$356,970$90,460$40,649$248,776
80$360,035$61,545$8,664$236,406
81$362,361$30,164$0$222,521
82$363,841$0$0$213,519
83$364,354$0$0$206,419
84$363,767$0$0$205,609
85$361,931$0$0$204,028
86$358,681$0$0$201,575
87$353,834$0$0$198,139
88$347,188$0$0$193,596
89$338,517$0$0$187,811
90$327,574$0$0$180,631
91$314,082$0$0$171,889
92$297,736$0$0$161,400
93$278,199$0$0$148,958
94$255,097$0$0$134,337
95$228,017$0$0$117,285
96$196,503$0$0$97,525
97$160,048$0$0$74,751
98$118,096$0$0$48,622
99$70,028$0$0$18,766
100$15,164$0$0$0