Can I retire at age 68 with 390,000?

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 $390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$32,206$31,919$31,639$31,366$31,099$30,546
2 years$15,943$15,647$15,359$15,080$14,809$14,254
3 years$10,523$10,225$9,938$9,662$9,396$8,855
4 years$7,814$7,517$7,232$6,961$6,701$6,180
5 years$6,189$5,893$5,613$5,347$5,094$4,594
6 years$5,105$4,812$4,536$4,276$4,031$3,552
7 years$4,332$4,041$3,769$3,515$3,278$2,820
8 years$3,752$3,464$3,197$2,949$2,719$2,283
9 years$3,302$3,016$2,753$2,512$2,290$1,875
10 years$2,941$2,659$2,400$2,165$1,951$1,557
11 years$2,647$2,367$2,113$1,884$1,678$1,304
12 years$2,401$2,124$1,875$1,653$1,454$1,100
13 years$2,194$1,920$1,676$1,459$1,268$933
14 years$2,016$1,745$1,506$1,295$1,112$795
15 years$1,862$1,594$1,359$1,155$979$680
16 years$1,728$1,463$1,232$1,034$865$583
17 years$1,609$1,347$1,121$929$767$502
18 years$1,504$1,245$1,024$838$682$433
19 years$1,410$1,154$937$757$608$374
20 years$1,325$1,072$860$685$543$324
21 years$1,249$998$791$622$486$281
22 years$1,180$932$729$566$436$244
23 years$1,117$872$673$515$391$212
24 years$1,059$817$623$470$351$184
25 years$1,005$766$577$429$316$160
26 years$956$720$535$392$285$140
27 years$911$678$497$359$257$122
28 years$869$639$462$329$232$106
29 years$830$603$430$302$209$92
30 years$794$569$400$277$189$81
31 years$760$538$373$254$171$70
32 years$728$509$348$234$155$62
33 years$698$482$325$215$140$54
34 years$670$457$304$198$127$47
35 years$644$433$284$182$115$41
36 years$619$411$266$168$104$36
37 years$596$391$249$154$94$31
38 years$574$371$233$142$85$27
39 years$553$353$218$131$77$24
40 years$533$336$204$121$70$21
41 years$514$320$192$112$64$18
42 years$497$305$180$103$58$16
43 years$480$290$169$95$52$14
44 years$463$277$158$88$48$12
45 years$448$264$149$81$43$11
46 years$433$252$140$75$39$9
47 years$419$240$131$69$36$8
48 years$406$229$123$64$32$7
49 years$393$219$116$59$29$6
50 years$381$209$109$55$27$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $390,000, adding $6,606 every year, while hoping to spend $24,863 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: 72/23/5 Blend
67$390,000$390,000$390,000$390,000
68$436,594$415,924$409,879$467,353
69$454,673$409,850$397,156$482,448
70$473,762$402,646$383,173$495,206
71$493,939$394,228$367,863$508,467
72$515,287$384,512$351,153$522,274
73$537,898$373,405$332,968$536,675
74$561,872$360,810$313,231$551,720
75$587,319$346,626$291,860$567,467
76$614,357$330,742$268,769$583,982
77$643,118$313,045$243,869$601,334
78$673,744$293,412$217,067$619,605
79$706,393$271,717$188,266$638,882
80$741,236$247,821$157,363$659,264
81$778,460$221,583$124,253$680,859
82$818,273$192,850$88,825$703,789
83$860,899$161,462$50,963$728,189
84$906,586$127,249$10,546$754,207
85$955,607$90,033$0$782,011
86$1,008,259$49,625$0$813,522
87$1,064,870$5,826$0$847,921
88$1,125,799$0$0$884,878
89$1,191,441$0$0$935,176
90$1,262,228$0$0$991,021
91$1,338,638$0$0$1,051,318
92$1,421,192$0$0$1,116,479
93$1,510,467$0$0$1,186,962
94$1,607,093$0$0$1,263,267
95$1,711,766$0$0$1,345,945
96$1,825,250$0$0$1,435,602
97$1,948,383$0$0$1,532,903
98$2,082,090$0$0$1,638,581
99$2,227,387$0$0$1,753,443
100$2,385,391$0$0$1,878,373