Can I retire at age 68 with 394,000?

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 $394,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$32,536$32,246$31,964$31,688$31,418$30,974
2 years$16,107$15,807$15,516$15,234$14,961$14,515
3 years$10,631$10,330$10,040$9,761$9,492$9,057
4 years$7,894$7,594$7,307$7,032$6,770$6,349
5 years$6,252$5,954$5,670$5,401$5,146$4,742
6 years$5,158$4,862$4,582$4,320$4,072$3,684
7 years$4,377$4,083$3,808$3,551$3,312$2,940
8 years$3,791$3,500$3,229$2,979$2,747$2,393
9 years$3,335$3,047$2,782$2,538$2,314$1,975
10 years$2,971$2,686$2,425$2,187$1,971$1,649
11 years$2,674$2,391$2,135$1,904$1,695$1,389
12 years$2,426$2,146$1,895$1,670$1,469$1,178
13 years$2,216$1,939$1,693$1,474$1,281$1,005
14 years$2,037$1,763$1,521$1,309$1,123$862
15 years$1,881$1,610$1,373$1,167$989$742
16 years$1,746$1,478$1,245$1,045$874$641
17 years$1,626$1,361$1,133$939$775$555
18 years$1,520$1,257$1,034$846$689$482
19 years$1,424$1,165$947$765$614$419
20 years$1,339$1,083$869$692$549$365
21 years$1,262$1,009$799$628$491$319
22 years$1,192$942$737$571$440$278
23 years$1,128$881$680$520$395$244
24 years$1,069$825$629$475$355$213
25 years$1,016$774$583$433$319$187
26 years$966$728$540$396$288$164
27 years$921$685$502$363$259$144
28 years$878$645$466$332$234$126
29 years$839$609$434$305$211$111
30 years$802$575$404$280$191$98
31 years$768$544$377$257$173$86
32 years$736$514$352$236$156$76
33 years$706$487$328$217$141$66
34 years$677$462$307$200$128$59
35 years$651$438$287$184$116$52
36 years$626$416$268$169$105$45
37 years$602$395$251$156$95$40
38 years$580$375$235$144$86$35
39 years$559$357$220$133$78$31
40 years$539$339$207$122$71$27
41 years$520$323$194$113$64$24
42 years$502$308$182$104$58$21
43 years$484$293$170$96$53$19
44 years$468$279$160$89$48$16
45 years$453$266$150$82$44$15
46 years$438$254$141$76$40$13
47 years$424$243$133$70$36$11
48 years$410$232$125$65$33$10
49 years$397$221$117$60$30$9
50 years$385$211$110$55$27$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $394,000, adding $5,771 every year, while hoping to spend $31,037 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: 73/9/18 Blend
67$394,000$394,000$394,000$394,000
68$440,141$419,259$413,152$470,011
69$452,012$406,779$393,969$478,123
70$464,054$392,648$373,104$482,683
71$476,251$376,752$350,466$486,874
72$488,585$358,969$325,964$490,654
73$501,036$339,174$299,499$493,975
74$513,580$317,231$270,970$496,787
75$526,188$292,998$240,270$499,033
76$538,829$266,325$207,289$500,655
77$551,467$237,052$171,911$501,587
78$564,061$205,012$134,014$501,756
79$576,564$170,027$93,472$501,087
80$588,924$131,909$50,154$499,493
81$601,082$90,460$3,922$496,884
82$612,970$45,471$0$493,159
83$624,515$0$0$496,932
84$635,631$0$0$501,057
85$646,224$0$0$509,255
86$656,190$0$0$516,938
87$665,409$0$0$524,010
88$673,752$0$0$530,366
89$681,069$0$0$535,886
90$687,199$0$0$540,439
91$691,959$0$0$543,878
92$695,147$0$0$546,040
93$696,537$0$0$546,743
94$695,878$0$0$545,785
95$692,894$0$0$542,943
96$687,276$0$0$537,968
97$678,681$0$0$530,584
98$666,731$0$0$520,486
99$651,005$0$0$507,335
100$631,037$0$0$490,755