Can I retire at age 68 with 376,000?

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 $376,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$31,050$30,773$30,503$30,240$29,983$29,794
2 years$15,371$15,085$14,807$14,538$14,278$14,087
3 years$10,146$9,858$9,581$9,315$9,058$8,872
4 years$7,533$7,247$6,973$6,711$6,460$6,280
5 years$5,966$5,682$5,411$5,155$4,911$4,737
6 years$4,922$4,639$4,373$4,122$3,886$3,718
7 years$4,177$3,896$3,634$3,389$3,160$2,999
8 years$3,618$3,340$3,082$2,843$2,622$2,467
9 years$3,183$2,908$2,654$2,422$2,208$2,060
10 years$2,836$2,563$2,314$2,087$1,881$1,739
11 years$2,552$2,282$2,037$1,817$1,618$1,482
12 years$2,315$2,048$1,808$1,593$1,402$1,273
13 years$2,115$1,851$1,615$1,407$1,223$1,099
14 years$1,944$1,682$1,451$1,249$1,072$954
15 years$1,795$1,537$1,311$1,114$944$832
16 years$1,666$1,410$1,188$997$834$728
17 years$1,552$1,299$1,081$896$739$639
18 years$1,450$1,200$987$807$658$562
19 years$1,359$1,112$904$730$586$496
20 years$1,278$1,033$829$661$523$438
21 years$1,204$963$763$600$468$388
22 years$1,137$899$703$545$420$344
23 years$1,076$840$649$497$377$305
24 years$1,021$787$600$453$339$271
25 years$969$739$556$414$305$241
26 years$922$694$516$378$275$215
27 years$878$654$479$346$248$191
28 years$838$616$445$317$223$171
29 years$800$581$414$291$202$152
30 years$765$549$386$267$182$136
31 years$733$519$360$245$165$121
32 years$702$491$336$225$149$109
33 years$673$465$313$207$135$97
34 years$646$441$293$191$122$87
35 years$621$418$274$175$111$78
36 years$597$397$256$162$100$69
37 years$575$377$240$149$91$62
38 years$553$358$224$137$82$56
39 years$533$340$210$127$75$50
40 years$514$324$197$117$68$45
41 years$496$308$185$108$61$40
42 years$479$294$173$99$56$36
43 years$462$280$163$92$51$32
44 years$447$267$153$85$46$29
45 years$432$254$143$78$42$26
46 years$418$243$135$72$38$23
47 years$404$231$127$67$34$21
48 years$391$221$119$62$31$19
49 years$379$211$112$57$28$17
50 years$367$202$105$53$26$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $376,000, adding $6,684 every year, while hoping to spend $29,733 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: 30/43/27 Blend
67$376,000$376,000$376,000$376,000
68$421,247$401,319$395,491$430,228
69$432,578$389,347$377,104$425,783
70$444,069$375,793$357,105$417,948
71$455,704$360,547$335,407$408,925
72$467,465$343,493$311,923$398,632
73$479,332$324,511$286,559$386,981
74$491,282$303,469$259,216$373,880
75$503,287$280,233$229,794$359,228
76$515,316$254,658$198,186$342,921
77$527,334$226,592$164,280$324,849
78$539,300$195,874$127,962$304,892
79$551,170$162,333$89,110$282,925
80$562,891$125,789$47,597$258,815
81$574,407$86,053$3,292$232,420
82$585,651$42,925$0$203,591
83$596,550$0$0$184,839
84$607,023$0$0$166,961
85$616,978$0$0$169,190
86$626,311$0$0$171,179
87$634,908$0$0$172,891
88$642,640$0$0$174,282
89$649,364$0$0$175,302
90$654,921$0$0$175,899
91$659,134$0$0$176,012
92$661,805$0$0$175,576
93$662,714$0$0$174,515
94$661,619$0$0$172,748
95$658,248$0$0$170,186
96$652,301$0$0$166,725
97$643,445$0$0$162,257
98$631,311$0$0$156,656
99$615,490$0$0$149,785
100$595,529$0$0$141,495