Can I retire at age 68 with 331,000?

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 $331,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$27,334$27,090$26,853$26,621$26,394$25,478
2 years$13,532$13,280$13,035$12,798$12,569$11,655
3 years$8,931$8,678$8,435$8,200$7,974$7,092
4 years$6,632$6,379$6,138$5,908$5,687$4,843
5 years$5,252$5,002$4,764$4,538$4,323$3,519
6 years$4,333$4,084$3,850$3,629$3,421$2,658
7 years$3,677$3,430$3,199$2,983$2,782$2,060
8 years$3,185$2,940$2,713$2,503$2,308$1,626
9 years$2,802$2,560$2,337$2,132$1,944$1,301
10 years$2,496$2,256$2,037$1,838$1,656$1,052
11 years$2,246$2,009$1,794$1,599$1,424$857
12 years$2,038$1,803$1,592$1,403$1,234$703
13 years$1,862$1,629$1,422$1,238$1,076$579
14 years$1,711$1,481$1,278$1,099$944$479
15 years$1,581$1,353$1,154$980$831$398
16 years$1,466$1,241$1,046$878$734$331
17 years$1,366$1,143$952$789$651$276
18 years$1,277$1,056$869$711$579$231
19 years$1,197$979$795$642$516$193
20 years$1,125$910$730$582$461$162
21 years$1,060$847$671$528$412$136
22 years$1,001$791$619$480$370$114
23 years$948$740$571$437$332$96
24 years$898$693$528$399$298$80
25 years$853$650$489$364$268$68
26 years$812$611$454$333$242$57
27 years$773$575$422$305$218$48
28 years$738$542$392$279$197$40
29 years$705$511$365$256$178$34
30 years$674$483$340$235$160$29
31 years$645$457$317$216$145$24
32 years$618$432$295$198$131$20
33 years$593$409$276$182$119$17
34 years$569$388$258$168$108$14
35 years$547$368$241$154$97$12
36 years$526$349$225$142$88$10
37 years$506$332$211$131$80$9
38 years$487$315$198$121$73$7
39 years$469$300$185$111$66$6
40 years$453$285$174$103$60$5
41 years$437$271$163$95$54$4
42 years$421$258$153$87$49$4
43 years$407$246$143$81$45$3
44 years$393$235$134$75$40$3
45 years$380$224$126$69$37$2
46 years$368$214$119$64$33$2
47 years$356$204$111$59$30$2
48 years$344$195$105$54$27$1
49 years$334$186$98$50$25$1
50 years$323$177$92$46$23$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $331,000, adding $5,685 every year, while hoping to spend $23,985 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: 77/10/13 Blend
67$331,000$331,000$331,000$331,000
68$370,626$353,083$347,953$397,764
69$382,910$344,864$334,089$408,218
70$395,643$335,439$318,957$416,071
71$408,846$324,722$302,490$424,010
72$422,540$312,626$284,615$432,035
73$436,748$299,054$265,259$440,145
74$451,496$283,907$244,344$448,340
75$466,810$267,079$221,791$456,621
76$482,717$248,458$197,513$464,988
77$499,247$227,926$171,423$473,444
78$516,434$205,358$143,430$481,989
79$534,311$180,622$113,435$490,627
80$552,915$153,577$81,340$499,361
81$572,286$124,076$47,038$508,194
82$592,467$91,963$10,422$517,132
83$613,503$57,073$0$526,182
84$635,444$19,233$0$539,325
85$658,343$0$0$554,398
86$682,257$0$0$572,373
87$707,248$0$0$593,373
88$733,383$0$0$615,337
89$760,736$0$0$638,327
90$789,383$0$0$662,409
91$819,410$0$0$687,655
92$850,910$0$0$714,143
93$883,983$0$0$741,958
94$918,736$0$0$771,192
95$955,289$0$0$801,944
96$993,770$0$0$834,324
97$1,034,319$0$0$868,450
98$1,077,088$0$0$904,451
99$1,122,243$0$0$942,468
100$1,169,966$0$0$982,654