Can I retire at age 68 with 352,000?

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 $352,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$29,068$28,809$28,556$28,310$28,069$27,730
2 years$14,390$14,122$13,862$13,610$13,366$13,025
3 years$9,498$9,229$8,970$8,720$8,480$8,147
4 years$7,053$6,784$6,528$6,283$6,048$5,726
5 years$5,586$5,319$5,066$4,826$4,598$4,288
6 years$4,608$4,343$4,094$3,859$3,638$3,340
7 years$3,910$3,647$3,402$3,173$2,959$2,673
8 years$3,387$3,127$2,885$2,662$2,454$2,182
9 years$2,980$2,722$2,485$2,267$2,067$1,806
10 years$2,655$2,400$2,167$1,954$1,761$1,513
11 years$2,389$2,136$1,907$1,701$1,515$1,278
12 years$2,167$1,917$1,693$1,492$1,313$1,088
13 years$1,980$1,733$1,512$1,317$1,145$931
14 years$1,820$1,575$1,359$1,169$1,003$801
15 years$1,681$1,439$1,227$1,043$883$692
16 years$1,559$1,320$1,112$934$781$599
17 years$1,453$1,216$1,012$839$692$521
18 years$1,358$1,123$924$756$616$454
19 years$1,273$1,041$846$683$549$396
20 years$1,196$967$776$619$490$347
21 years$1,127$901$714$561$439$304
22 years$1,065$841$658$510$393$266
23 years$1,008$787$608$465$353$234
24 years$955$737$562$424$317$206
25 years$908$692$520$387$285$181
26 years$863$650$483$354$257$159
27 years$822$612$448$324$232$140
28 years$785$577$417$297$209$124
29 years$749$544$388$272$189$109
30 years$717$514$361$250$171$96
31 years$686$486$337$230$154$85
32 years$657$459$314$211$140$75
33 years$630$435$293$194$126$66
34 years$605$412$274$178$114$59
35 years$581$391$256$164$104$52
36 years$559$371$240$151$94$46
37 years$538$353$224$139$85$41
38 years$518$335$210$128$77$36
39 years$499$319$197$118$70$32
40 years$481$303$185$109$63$28
41 years$464$289$173$101$58$25
42 years$448$275$162$93$52$22
43 years$433$262$152$86$47$20
44 years$418$250$143$79$43$17
45 years$404$238$134$73$39$15
46 years$391$227$126$68$35$14
47 years$378$217$118$63$32$12
48 years$366$207$111$58$29$11
49 years$355$198$105$53$27$9
50 years$344$189$98$49$24$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $352,000, adding $4,626 every year, while hoping to spend $21,846 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: 85/8/7 Blend
67$352,000$352,000$352,000$352,000
68$392,676$374,020$368,564$425,427
69$409,485$369,103$357,667$442,576
70$427,276$363,213$345,672$457,947
71$446,127$356,279$332,521$474,141
72$466,121$348,226$318,150$491,227
73$487,351$338,975$302,494$509,279
74$509,918$328,442$285,485$528,380
75$533,932$316,537$267,050$548,621
76$559,513$303,168$247,117$570,101
77$586,794$288,234$225,606$592,929
78$615,919$271,629$202,435$617,228
79$647,047$253,243$177,521$643,131
80$680,352$232,958$150,774$670,782
81$716,023$210,648$122,100$700,345
82$754,271$186,184$91,404$731,997
83$795,325$159,424$58,584$765,934
84$839,435$130,224$23,534$802,371
85$886,879$98,426$0$841,547
86$937,960$63,868$0$884,759
87$993,010$26,376$0$933,204
88$1,052,396$0$0$985,449
89$1,116,520$0$0$1,043,108
90$1,185,822$0$0$1,107,937
91$1,260,789$0$0$1,178,070
92$1,341,954$0$0$1,254,006
93$1,429,904$0$0$1,336,294
94$1,525,283$0$0$1,425,538
95$1,628,801$0$0$1,522,403
96$1,741,238$0$0$1,627,619
97$1,863,452$0$0$1,741,989
98$1,996,387$0$0$1,866,399
99$2,141,082$0$0$2,001,821
100$2,298,679$0$0$2,149,324