Can I retire at age 68 with 385,000?

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 $385,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$31,793$31,510$31,233$30,964$30,700$30,418
2 years$15,739$15,446$15,162$14,886$14,619$14,335
3 years$10,388$10,094$9,811$9,538$9,275$8,997
4 years$7,714$7,420$7,140$6,872$6,615$6,346
5 years$6,109$5,818$5,541$5,278$5,029$4,769
6 years$5,040$4,750$4,478$4,221$3,979$3,729
7 years$4,277$3,989$3,721$3,470$3,236$2,996
8 years$3,704$3,420$3,156$2,911$2,685$2,455
9 years$3,259$2,977$2,718$2,480$2,261$2,041
10 years$2,904$2,624$2,370$2,137$1,926$1,717
11 years$2,613$2,336$2,086$1,860$1,657$1,457
12 years$2,370$2,097$1,851$1,632$1,436$1,245
13 years$2,166$1,895$1,654$1,440$1,252$1,071
14 years$1,990$1,723$1,486$1,279$1,097$925
15 years$1,838$1,574$1,342$1,140$966$803
16 years$1,706$1,444$1,217$1,021$854$699
17 years$1,589$1,330$1,107$917$757$611
18 years$1,485$1,229$1,011$827$673$535
19 years$1,392$1,139$925$747$600$469
20 years$1,308$1,058$849$677$536$412
21 years$1,233$986$781$614$480$363
22 years$1,165$920$720$558$430$320
23 years$1,102$861$665$508$386$283
24 years$1,045$806$615$464$347$250
25 years$993$757$569$424$312$221
26 years$944$711$528$387$281$196
27 years$900$669$490$354$254$174
28 years$858$631$456$325$229$154
29 years$820$595$424$298$207$137
30 years$784$562$395$273$187$121
31 years$750$531$368$251$169$108
32 years$719$503$344$231$153$96
33 years$689$476$321$212$138$85
34 years$662$451$300$195$125$76
35 years$636$428$280$180$113$67
36 years$611$406$262$165$103$60
37 years$588$386$245$152$93$53
38 years$567$367$230$141$84$47
39 years$546$349$215$130$76$42
40 years$526$332$202$120$69$38
41 years$508$316$189$110$63$33
42 years$490$301$178$102$57$30
43 years$473$286$167$94$52$26
44 years$457$273$156$87$47$24
45 years$442$260$147$80$43$21
46 years$428$248$138$74$39$19
47 years$414$237$130$68$35$17
48 years$401$226$122$63$32$15
49 years$388$216$114$58$29$13
50 years$376$206$108$54$26$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $385,000, adding $6,974 every year, while hoping to spend $30,651 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: 50/38/12 Blend
67$385,000$385,000$385,000$385,000
68$431,464$411,059$405,091$451,302
69$442,861$398,588$386,049$453,181
70$454,393$384,479$365,342$451,418
71$466,041$368,619$342,882$448,807
72$477,785$350,889$318,576$445,277
73$489,599$331,163$292,328$440,751
74$501,456$309,307$264,039$435,149
75$513,322$285,181$233,601$428,383
76$525,161$258,635$200,907$420,361
77$536,931$229,512$165,841$410,982
78$548,585$197,645$128,284$400,140
79$560,070$162,859$88,111$387,720
80$571,325$124,967$45,191$373,597
81$582,284$83,774$0$357,641
82$592,869$39,072$0$339,787
83$602,998$0$0$325,985
84$612,573$0$0$314,211
85$621,489$0$0$318,389
86$629,628$0$0$322,116
87$636,856$0$0$325,317
88$643,026$0$0$327,911
89$647,973$0$0$329,805
90$651,515$0$0$330,899
91$653,448$0$0$331,079
92$653,545$0$0$330,220
93$651,556$0$0$328,183
94$647,202$0$0$324,813
95$640,172$0$0$319,938
96$630,125$0$0$313,369
97$616,680$0$0$304,895
98$599,415$0$0$294,283
99$577,864$0$0$281,275
100$551,510$0$0$265,584