Can I retire at age 68 with 320,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$26,425$26,190$25,960$25,736$25,517$25,033
2 years$13,082$12,838$12,602$12,373$12,151$11,665
3 years$8,635$8,390$8,154$7,928$7,709$7,236
4 years$6,411$6,167$5,934$5,711$5,498$5,042
5 years$5,078$4,835$4,605$4,387$4,180$3,742
6 years$4,189$3,948$3,722$3,508$3,307$2,889
7 years$3,555$3,316$3,093$2,884$2,690$2,290
8 years$3,079$2,842$2,623$2,420$2,231$1,851
9 years$2,709$2,475$2,259$2,061$1,879$1,517
10 years$2,413$2,181$1,970$1,777$1,601$1,257
11 years$2,172$1,942$1,734$1,546$1,377$1,051
12 years$1,970$1,743$1,539$1,356$1,193$885
13 years$1,800$1,575$1,375$1,197$1,041$749
14 years$1,654$1,432$1,235$1,063$912$637
15 years$1,528$1,308$1,115$948$803$544
16 years$1,418$1,200$1,011$849$710$466
17 years$1,320$1,105$920$763$629$400
18 years$1,234$1,021$840$687$560$344
19 years$1,157$946$769$621$499$297
20 years$1,088$880$706$562$446$256
21 years$1,025$819$649$510$399$222
22 years$968$765$598$464$357$192
23 years$916$715$552$423$321$166
24 years$869$670$511$385$288$144
25 years$825$629$473$352$259$125
26 years$785$591$439$322$234$109
27 years$748$556$408$295$211$95
28 years$713$524$379$270$190$82
29 years$681$494$353$248$172$72
30 years$651$467$328$227$155$62
31 years$624$441$306$209$140$54
32 years$597$418$286$192$127$47
33 years$573$396$267$176$115$41
34 years$550$375$249$162$104$36
35 years$529$356$233$149$94$31
36 years$508$338$218$138$85$27
37 years$489$321$204$127$77$24
38 years$471$305$191$117$70$21
39 years$454$290$179$108$64$18
40 years$437$276$168$99$58$16
41 years$422$262$157$92$52$14
42 years$407$250$148$85$47$12
43 years$393$238$138$78$43$10
44 years$380$227$130$72$39$9
45 years$368$216$122$67$35$8
46 years$356$206$115$62$32$7
47 years$344$197$108$57$29$6
48 years$333$188$101$53$27$5
49 years$322$180$95$49$24$5
50 years$312$172$89$45$22$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $320,000, adding $6,884 every year, while hoping to spend $26,898 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: 83/7/10 Blend
67$320,000$320,000$320,000$320,000
68$359,741$342,781$337,821$388,475
69$367,815$330,958$320,519$396,471
70$375,812$317,654$301,735$400,949
71$383,694$302,768$281,393$405,048
72$391,421$286,194$259,409$408,714
73$398,946$267,818$235,700$411,888
74$406,219$247,522$210,176$414,505
75$413,180$225,178$182,745$416,493
76$419,766$200,653$153,308$417,773
77$425,904$173,806$121,766$418,258
78$431,512$144,489$88,011$417,852
79$436,501$112,543$51,933$416,450
80$440,769$77,803$13,418$413,934
81$444,204$40,092$0$410,179
82$446,682$0$0$407,995
83$448,063$0$0$406,055
84$448,194$0$0$406,056
85$446,903$0$0$404,752
86$443,998$0$0$401,970
87$439,271$0$0$397,515
88$432,485$0$0$391,174
89$423,383$0$0$382,710
90$411,675$0$0$371,859
91$397,045$0$0$358,329
92$379,138$0$0$341,798
93$357,566$0$0$321,910
94$331,895$0$0$298,267
95$301,648$0$0$270,435
96$266,297$0$0$237,928
97$225,257$0$0$200,213
98$177,883$0$0$156,699
99$123,460$0$0$106,732
100$61,201$0$0$49,590