Can I retire at age 68 with 382,000?

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 $382,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$31,545$31,264$30,990$30,722$30,461$30,168
2 years$15,616$15,326$15,044$14,770$14,505$14,210
3 years$10,308$10,015$9,734$9,464$9,203$8,915
4 years$7,654$7,362$7,084$6,818$6,564$6,285
5 years$6,062$5,772$5,498$5,237$4,989$4,721
6 years$5,001$4,713$4,443$4,188$3,948$3,689
7 years$4,243$3,958$3,692$3,443$3,211$2,963
8 years$3,675$3,393$3,131$2,888$2,664$2,426
9 years$3,234$2,954$2,697$2,460$2,243$2,016
10 years$2,881$2,604$2,351$2,121$1,911$1,694
11 years$2,592$2,318$2,070$1,846$1,644$1,437
12 years$2,352$2,081$1,837$1,619$1,424$1,227
13 years$2,149$1,880$1,641$1,429$1,242$1,055
14 years$1,975$1,709$1,475$1,269$1,089$911
15 years$1,824$1,561$1,331$1,131$959$790
16 years$1,692$1,433$1,207$1,013$847$687
17 years$1,576$1,319$1,098$910$751$600
18 years$1,473$1,219$1,003$820$668$525
19 years$1,381$1,130$918$741$595$460
20 years$1,298$1,050$842$671$532$404
21 years$1,223$978$775$609$476$356
22 years$1,156$913$714$554$427$314
23 years$1,094$854$659$505$383$277
24 years$1,037$800$610$460$344$244
25 years$985$751$565$420$310$216
26 years$937$706$524$384$279$191
27 years$893$664$486$352$252$169
28 years$851$626$452$322$227$150
29 years$813$590$421$296$205$133
30 years$778$557$392$271$185$118
31 years$744$527$365$249$167$105
32 years$713$499$341$229$151$93
33 years$684$472$318$210$137$83
34 years$657$448$297$194$124$73
35 years$631$424$278$178$112$65
36 years$607$403$260$164$102$58
37 years$584$383$244$151$92$51
38 years$562$364$228$139$84$46
39 years$542$346$214$129$76$41
40 years$522$329$200$119$69$36
41 years$504$313$188$109$62$32
42 years$486$298$176$101$57$29
43 years$470$284$165$93$51$25
44 years$454$271$155$86$47$23
45 years$439$258$146$79$42$20
46 years$424$246$137$73$38$18
47 years$411$235$129$68$35$16
48 years$398$224$121$63$32$14
49 years$385$214$114$58$29$13
50 years$373$205$107$54$26$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $382,000, adding $2,278 every year, while hoping to spend $21,243 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: 66/27/7 Blend
67$382,000$382,000$382,000$382,000
68$423,314$403,068$397,147$450,582
69$443,889$400,216$387,849$466,135
70$465,852$396,512$377,527$480,372
71$489,320$391,892$366,126$495,369
72$514,424$386,289$353,585$511,196
73$541,308$379,629$339,842$527,933
74$570,127$371,837$324,833$545,668
75$601,055$362,832$308,490$564,499
76$634,280$352,528$290,742$584,533
77$670,009$340,835$271,514$605,890
78$708,471$327,656$250,730$628,703
79$749,914$312,890$228,308$653,119
80$794,613$296,430$204,165$679,301
81$842,870$278,162$178,211$707,431
82$895,017$257,965$150,355$737,709
83$951,417$235,714$120,500$770,355
84$1,012,470$211,273$88,546$805,618
85$1,078,618$184,500$54,388$843,768
86$1,150,343$155,247$17,916$885,108
87$1,228,177$123,354$0$929,971
88$1,312,707$88,653$0$980,297
89$1,404,575$50,969$0$1,036,455
90$1,504,489$10,115$0$1,097,567
91$1,613,230$0$0$1,164,146
92$1,731,653$0$0$1,246,888
93$1,860,703$0$0$1,340,352
94$2,001,417$0$0$1,442,288
95$2,154,937$0$0$1,553,525
96$2,322,523$0$0$1,674,978
97$2,505,557$0$0$1,807,654
98$2,705,563$0$0$1,952,660
99$2,924,221$0$0$2,111,217
100$3,163,376$0$0$2,284,667