Can I retire at age 68 with 368,000?

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 $368,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$30,389$30,118$29,854$29,597$29,345$29,209
2 years$15,044$14,764$14,492$14,229$13,974$13,837
3 years$9,930$9,648$9,378$9,117$8,866$8,731
4 years$7,373$7,093$6,824$6,568$6,323$6,193
5 years$5,840$5,561$5,296$5,045$4,807$4,681
6 years$4,817$4,541$4,280$4,034$3,803$3,682
7 years$4,088$3,813$3,557$3,317$3,093$2,976
8 years$3,541$3,269$3,016$2,783$2,566$2,454
9 years$3,115$2,846$2,598$2,370$2,161$2,054
10 years$2,775$2,509$2,265$2,043$1,841$1,738
11 years$2,497$2,233$1,994$1,778$1,584$1,485
12 years$2,266$2,004$1,770$1,560$1,372$1,278
13 years$2,070$1,811$1,581$1,377$1,197$1,107
14 years$1,902$1,647$1,421$1,222$1,049$963
15 years$1,757$1,504$1,283$1,090$924$842
16 years$1,630$1,380$1,163$976$816$739
17 years$1,519$1,271$1,058$877$724$650
18 years$1,419$1,174$966$790$644$574
19 years$1,330$1,088$884$714$574$507
20 years$1,251$1,011$812$647$512$450
21 years$1,179$942$746$587$458$399
22 years$1,113$879$688$534$411$355
23 years$1,054$823$635$486$369$316
24 years$999$771$588$443$332$282
25 years$949$723$544$405$298$251
26 years$903$680$505$370$269$225
27 years$860$640$469$339$242$201
28 years$820$603$436$310$219$180
29 years$783$569$405$285$197$161
30 years$749$537$378$261$178$144
31 years$717$508$352$240$161$129
32 years$687$480$328$221$146$116
33 years$659$455$307$203$132$104
34 years$633$431$287$187$120$93
35 years$608$409$268$172$108$84
36 years$584$388$251$158$98$75
37 years$562$369$235$146$89$67
38 years$542$350$220$134$81$60
39 years$522$333$206$124$73$54
40 years$503$317$193$114$66$49
41 years$485$302$181$105$60$44
42 years$469$287$170$97$55$39
43 years$452$274$159$90$50$35
44 years$437$261$149$83$45$32
45 years$423$249$140$77$41$29
46 years$409$237$132$71$37$26
47 years$396$227$124$65$34$23
48 years$383$216$116$60$31$21
49 years$371$207$109$56$28$19
50 years$359$197$103$52$25$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $368,000, adding $5,492 every year, while hoping to spend $25,479 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: 50/35/15 Blend
67$368,000$368,000$368,000$368,000
68$411,201$391,697$385,993$429,807
69$426,034$383,781$371,814$435,274
70$441,526$374,623$356,307$438,106
71$457,718$364,135$339,399$440,620
72$474,652$352,225$321,016$442,795
73$492,376$338,793$301,080$444,608
74$510,942$323,738$279,509$446,037
75$530,404$306,947$256,219$447,058
76$550,823$288,305$231,119$447,648
77$572,263$267,688$204,118$447,784
78$594,796$244,967$175,118$447,442
79$618,498$220,003$144,018$446,598
80$643,453$192,652$110,711$445,228
81$669,753$162,759$75,087$443,310
82$697,496$130,163$37,031$440,819
83$726,792$94,691$0$437,736
84$757,757$56,164$0$434,611
85$790,520$14,388$0$437,215
86$825,223$0$0$439,617
87$862,019$0$0$453,700
88$901,076$0$0$474,550
89$942,577$0$0$496,726
90$986,723$0$0$520,338
91$1,033,734$0$0$545,506
92$1,083,851$0$0$572,361
93$1,137,337$0$0$601,050
94$1,194,481$0$0$631,729
95$1,255,600$0$0$664,573
96$1,321,040$0$0$699,772
97$1,391,182$0$0$737,534
98$1,466,443$0$0$778,089
99$1,547,283$0$0$821,689
100$1,634,202$0$0$868,610