Can I retire at age 68 with 309,000?

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 $309,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$25,517$25,290$25,068$24,851$24,640$24,495
2 years$12,632$12,397$12,169$11,948$11,733$11,587
3 years$8,338$8,101$7,874$7,655$7,444$7,301
4 years$6,191$5,955$5,730$5,515$5,309$5,171
5 years$4,903$4,669$4,447$4,236$4,036$3,902
6 years$4,045$3,813$3,594$3,388$3,194$3,064
7 years$3,432$3,202$2,986$2,785$2,597$2,473
8 years$2,973$2,745$2,533$2,336$2,155$2,036
9 years$2,616$2,390$2,181$1,990$1,815$1,700
10 years$2,330$2,106$1,902$1,715$1,546$1,437
11 years$2,097$1,875$1,674$1,493$1,330$1,225
12 years$1,903$1,683$1,486$1,310$1,152$1,053
13 years$1,738$1,521$1,328$1,156$1,005$910
14 years$1,597$1,383$1,193$1,026$881$790
15 years$1,476$1,263$1,077$915$776$690
16 years$1,369$1,159$976$820$685$604
17 years$1,275$1,067$889$736$608$530
18 years$1,192$986$811$664$540$467
19 years$1,117$914$743$600$482$412
20 years$1,050$849$681$543$430$364
21 years$990$791$627$493$385$323
22 years$935$738$578$448$345$286
23 years$885$691$533$408$310$254
24 years$839$647$493$372$278$226
25 years$797$607$457$340$251$201
26 years$758$571$424$311$226$179
27 years$722$537$393$285$203$160
28 years$689$506$366$261$184$143
29 years$658$477$340$239$166$128
30 years$629$451$317$219$150$114
31 years$602$426$296$201$135$102
32 years$577$403$276$185$123$91
33 years$553$382$258$170$111$82
34 years$531$362$241$157$100$73
35 years$510$343$225$144$91$65
36 years$491$326$210$133$82$58
37 years$472$310$197$122$75$52
38 years$455$294$184$113$68$47
39 years$438$280$173$104$61$42
40 years$422$266$162$96$56$38
41 years$408$253$152$89$51$34
42 years$393$241$142$82$46$30
43 years$380$230$134$75$42$27
44 years$367$219$125$70$38$24
45 years$355$209$118$64$34$22
46 years$343$199$111$59$31$20
47 years$332$190$104$55$28$18
48 years$322$182$98$51$26$16
49 years$311$173$92$47$23$14
50 years$302$166$86$43$21$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $309,000, adding $6,167 every year, while hoping to spend $23,533 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: 64/26/10 Blend
67$309,000$309,000$309,000$309,000
68$346,879$330,502$325,713$367,933
69$357,222$321,658$311,585$373,910
70$367,831$311,592$296,196$377,121
71$378,709$300,218$279,477$380,029
72$389,856$287,449$261,359$382,604
73$401,276$273,187$241,769$384,814
74$412,967$257,335$220,629$386,624
75$424,929$239,784$197,860$387,996
76$437,162$220,424$173,378$388,890
77$449,663$199,134$147,096$389,264
78$462,428$175,791$118,923$389,070
79$475,452$150,261$88,764$388,261
80$488,729$122,405$56,518$386,782
81$502,251$92,074$22,083$384,578
82$516,007$59,113$0$381,587
83$529,987$23,357$0$379,310
84$544,175$0$0$378,727
85$558,554$0$0$381,816
86$573,105$0$0$391,697
87$587,803$0$0$401,669
88$602,622$0$0$411,714
89$617,531$0$0$421,810
90$632,493$0$0$431,931
91$647,470$0$0$442,048
92$662,413$0$0$452,127
93$677,271$0$0$462,132
94$691,984$0$0$472,019
95$706,486$0$0$481,742
96$720,700$0$0$491,246
97$734,541$0$0$500,472
98$747,915$0$0$509,350
99$760,715$0$0$517,806
100$772,819$0$0$525,753