Can I retire at age 68 with 349,000?

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 $349,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$28,820$28,563$28,313$28,068$27,830$27,124
2 years$14,267$14,002$13,744$13,494$13,252$12,546
3 years$9,417$9,150$8,893$8,646$8,408$7,723
4 years$6,992$6,726$6,472$6,229$5,996$5,338
5 years$5,538$5,274$5,023$4,784$4,558$3,929
6 years$4,569$4,306$4,059$3,826$3,607$3,006
7 years$3,877$3,616$3,373$3,146$2,933$2,362
8 years$3,358$3,100$2,861$2,639$2,434$1,891
9 years$2,955$2,699$2,464$2,248$2,049$1,535
10 years$2,632$2,379$2,148$1,938$1,746$1,260
11 years$2,368$2,118$1,891$1,686$1,502$1,042
12 years$2,149$1,901$1,678$1,479$1,301$868
13 years$1,963$1,718$1,499$1,306$1,135$727
14 years$1,804$1,562$1,347$1,159$995$612
15 years$1,667$1,426$1,216$1,034$876$516
16 years$1,546$1,309$1,103$926$774$437
17 years$1,440$1,205$1,004$832$686$371
18 years$1,346$1,114$916$749$610$316
19 years$1,262$1,032$839$677$544$269
20 years$1,186$959$770$613$486$230
21 years$1,118$893$708$557$435$196
22 years$1,056$834$652$506$390$168
23 years$999$780$602$461$350$144
24 years$947$731$557$420$314$123
25 years$900$686$516$384$283$105
26 years$856$645$479$351$255$90
27 years$815$607$444$321$230$78
28 years$778$572$413$294$207$67
29 years$743$539$384$270$187$57
30 years$710$509$358$248$169$49
31 years$680$481$334$228$153$42
32 years$652$456$312$209$138$36
33 years$625$431$291$192$125$31
34 years$600$409$272$177$113$27
35 years$576$388$254$163$103$23
36 years$554$368$238$150$93$20
37 years$533$350$222$138$84$17
38 years$514$332$208$127$76$15
39 years$495$316$195$117$69$13
40 years$477$301$183$108$63$11
41 years$460$286$172$100$57$9
42 years$444$273$161$92$52$8
43 years$429$260$151$85$47$7
44 years$415$247$142$79$43$6
45 years$401$236$133$73$39$5
46 years$388$225$125$67$35$4
47 years$375$215$117$62$32$4
48 years$363$205$110$57$29$3
49 years$352$196$104$53$26$3
50 years$341$187$98$49$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $349,000, adding $3,391 every year, while hoping to spend $24,068 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: 52/41/7 Blend
67$349,000$349,000$349,000$349,000
68$388,096$369,599$364,189$407,438
69$402,073$362,101$350,781$413,450
70$416,670$353,429$336,118$417,085
71$431,924$343,500$320,131$420,462
72$447,875$332,227$302,750$423,561
73$464,567$319,515$283,902$426,363
74$482,050$305,268$263,509$428,847
75$500,373$289,380$241,491$430,992
76$519,594$271,743$217,763$432,777
77$539,773$252,238$192,239$434,181
78$560,976$230,745$164,826$435,182
79$583,276$207,132$135,428$435,759
80$606,750$181,261$103,945$435,889
81$631,485$152,989$70,272$435,553
82$657,571$122,161$34,302$434,729
83$685,112$88,615$0$433,397
84$714,216$52,180$0$431,844
85$745,004$12,675$0$432,500
86$777,608$0$0$432,795
87$812,171$0$0$446,299
88$848,850$0$0$466,715
89$887,815$0$0$488,423
90$929,255$0$0$511,529
91$973,375$0$0$536,151
92$1,020,399$0$0$562,417
93$1,070,573$0$0$590,466
94$1,124,168$0$0$620,452
95$1,181,477$0$0$652,545
96$1,242,825$0$0$686,928
97$1,308,567$0$0$723,805
98$1,379,092$0$0$763,398
99$1,454,828$0$0$805,951
100$1,536,243$0$0$851,732