Can I retire at age 68 with 396,000?

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 $396,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$32,701$32,410$32,126$31,848$31,578$30,555
2 years$16,189$15,887$15,595$15,312$15,037$14,016
3 years$10,685$10,383$10,091$9,810$9,540$8,553
4 years$7,934$7,632$7,344$7,068$6,804$5,858
5 years$6,284$5,984$5,699$5,429$5,172$4,271
6 years$5,184$4,886$4,606$4,341$4,093$3,236
7 years$4,399$4,103$3,827$3,569$3,328$2,517
8 years$3,810$3,517$3,246$2,994$2,761$1,994
9 years$3,352$3,063$2,796$2,550$2,325$1,601
10 years$2,986$2,699$2,437$2,198$1,981$1,299
11 years$2,687$2,403$2,146$1,913$1,704$1,063
12 years$2,438$2,157$1,904$1,678$1,477$875
13 years$2,228$1,949$1,701$1,482$1,288$724
14 years$2,047$1,772$1,529$1,315$1,129$601
15 years$1,891$1,619$1,380$1,173$994$501
16 years$1,754$1,485$1,251$1,050$878$419
17 years$1,634$1,368$1,139$944$779$351
18 years$1,527$1,264$1,039$850$693$295
19 years$1,432$1,171$952$768$617$248
20 years$1,346$1,088$873$696$551$208
21 years$1,268$1,014$803$632$493$176
22 years$1,198$946$740$574$442$148
23 years$1,134$885$684$523$397$125
24 years$1,075$829$632$477$357$106
25 years$1,021$778$586$436$321$89
26 years$971$731$543$398$289$75
27 years$925$688$504$365$261$64
28 years$883$649$469$334$235$54
29 years$843$612$436$306$212$46
30 years$806$578$406$281$192$39
31 years$772$546$379$258$174$33
32 years$739$517$353$237$157$28
33 years$709$490$330$218$142$23
34 years$681$464$308$201$129$20
35 years$654$440$288$185$117$17
36 years$629$418$270$170$106$14
37 years$605$397$252$157$96$12
38 years$583$377$236$145$87$10
39 years$562$358$221$133$79$9
40 years$541$341$208$123$71$7
41 years$522$325$195$113$65$6
42 years$504$309$183$105$59$5
43 years$487$295$171$97$53$4
44 years$471$281$161$89$48$4
45 years$455$268$151$82$44$3
46 years$440$255$142$76$40$3
47 years$426$244$133$70$36$2
48 years$412$233$125$65$33$2
49 years$399$222$118$60$30$2
50 years$387$212$111$56$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $396,000, adding $3,214 every year, while hoping to spend $20,922 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: 46/42/12 Blend
67$396,000$396,000$396,000$396,000
68$439,707$418,719$412,581$458,307
69$462,297$416,976$404,142$469,772
70$486,489$414,445$394,719$479,802
71$512,425$411,068$384,256$490,216
72$540,261$406,779$372,697$501,057
73$570,167$401,510$359,982$512,373
74$602,329$395,189$346,046$524,221
75$636,953$387,739$330,825$536,661
76$674,263$379,080$314,249$549,764
77$714,509$369,126$296,247$563,609
78$757,960$357,785$276,743$578,284
79$804,917$344,961$255,659$593,889
80$855,707$330,552$232,912$610,535
81$910,692$314,452$208,417$628,347
82$970,267$296,545$182,083$647,464
83$1,034,870$276,711$153,819$668,044
84$1,104,979$254,823$123,525$690,260
85$1,181,123$230,745$91,099$714,310
86$1,263,883$204,336$56,435$740,410
87$1,353,895$175,445$19,423$768,805
88$1,451,864$143,913$0$799,767
89$1,558,561$109,572$0$836,168
90$1,674,837$72,244$0$878,596
91$1,801,629$31,743$0$924,955
92$1,939,966$0$0$975,678
93$2,090,982$0$0$1,036,855
94$2,255,926$0$0$1,119,741
95$2,436,172$0$0$1,210,360
96$2,633,232$0$0$1,309,479
97$2,848,773$0$0$1,417,942
98$3,084,627$0$0$1,536,678
99$3,342,815$0$0$1,666,708
100$3,625,560$0$0$1,809,161