Can I retire at age 68 with 369,000?

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 $369,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$30,472$30,200$29,935$29,677$29,425$28,563
2 years$15,085$14,804$14,532$14,268$14,012$13,150
3 years$9,957$9,675$9,403$9,141$8,890$8,056
4 years$7,393$7,112$6,843$6,586$6,340$5,540
5 years$5,855$5,576$5,310$5,059$4,820$4,056
6 years$4,831$4,553$4,292$4,045$3,814$3,087
7 years$4,099$3,824$3,566$3,326$3,102$2,411
8 years$3,550$3,278$3,025$2,790$2,573$1,919
9 years$3,124$2,854$2,605$2,377$2,167$1,549
10 years$2,783$2,515$2,271$2,049$1,846$1,263
11 years$2,504$2,239$1,999$1,783$1,588$1,039
12 years$2,272$2,010$1,774$1,564$1,376$859
13 years$2,076$1,816$1,585$1,381$1,200$715
14 years$1,908$1,651$1,424$1,226$1,052$597
15 years$1,762$1,508$1,286$1,093$926$501
16 years$1,635$1,384$1,166$979$818$421
17 years$1,523$1,274$1,061$879$726$355
18 years$1,423$1,178$969$792$645$299
19 years$1,334$1,091$887$716$575$253
20 years$1,254$1,014$814$649$514$214
21 years$1,182$945$749$589$460$182
22 years$1,116$882$690$535$412$154
23 years$1,056$825$637$487$370$131
24 years$1,002$773$589$445$332$111
25 years$951$725$546$406$299$95
26 years$905$682$506$371$270$81
27 years$862$641$470$340$243$69
28 years$822$604$437$311$219$58
29 years$786$570$407$285$198$50
30 years$751$538$379$262$179$42
31 years$719$509$353$241$162$36
32 years$689$482$329$221$146$31
33 years$661$456$308$203$132$26
34 years$634$432$287$187$120$22
35 years$610$410$269$172$109$19
36 years$586$389$251$159$98$16
37 years$564$370$235$146$89$14
38 years$543$351$220$135$81$12
39 years$523$334$206$124$73$10
40 years$504$318$193$115$66$9
41 years$487$303$181$106$60$7
42 years$470$288$170$98$55$6
43 years$454$275$160$90$50$5
44 years$438$262$150$83$45$5
45 years$424$250$141$77$41$4
46 years$410$238$132$71$37$3
47 years$397$227$124$66$34$3
48 years$384$217$117$61$31$2
49 years$372$207$110$56$28$2
50 years$360$198$103$52$25$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $369,000, adding $3,071 every year, while hoping to spend $28,662 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: 23/48/29 Blend
67$369,000$369,000$369,000$369,000
68$409,806$390,249$384,529$415,437
69$421,110$378,875$366,915$409,204
70$432,606$365,983$347,750$399,937
71$444,284$351,468$326,952$389,412
72$456,132$335,221$304,435$377,543
73$468,133$317,122$280,109$364,241
74$480,271$297,050$253,881$349,411
75$492,525$274,872$225,653$332,953
76$504,872$250,450$195,322$314,761
77$517,285$223,638$162,781$294,721
78$529,733$194,281$127,919$272,716
79$542,181$162,216$90,620$248,618
80$554,589$127,270$50,760$222,294
81$566,911$89,260$8,215$193,604
82$579,095$47,993$0$162,396
83$591,086$3,268$0$140,021
84$602,816$0$0$118,263
85$614,213$0$0$118,284
86$625,194$0$0$119,890
87$635,669$0$0$121,329
88$645,533$0$0$122,576
89$654,671$0$0$123,600
90$662,955$0$0$124,366
91$670,242$0$0$124,837
92$676,371$0$0$124,972
93$681,165$0$0$124,723
94$684,426$0$0$124,040
95$685,933$0$0$122,865
96$685,443$0$0$121,135
97$682,684$0$0$118,778
98$677,353$0$0$115,718
99$669,118$0$0$111,868
100$657,607$0$0$107,132