Can I retire at age 68 with 397,000?

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 $397,000?

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$32,784$32,492$32,207$31,929$31,657$31,210
2 years$16,230$15,927$15,634$15,350$15,075$14,625
3 years$10,712$10,409$10,117$9,835$9,564$9,126
4 years$7,954$7,652$7,362$7,086$6,821$6,398
5 years$6,300$5,999$5,713$5,442$5,185$4,778
6 years$5,197$4,899$4,617$4,352$4,103$3,712
7 years$4,410$4,114$3,837$3,578$3,337$2,963
8 years$3,820$3,526$3,254$3,002$2,768$2,411
9 years$3,361$3,070$2,803$2,557$2,331$1,990
10 years$2,994$2,706$2,443$2,204$1,986$1,662
11 years$2,694$2,409$2,151$1,918$1,708$1,400
12 years$2,444$2,162$1,909$1,682$1,480$1,187
13 years$2,233$1,954$1,706$1,485$1,291$1,013
14 years$2,052$1,776$1,533$1,319$1,132$868
15 years$1,896$1,623$1,384$1,176$996$748
16 years$1,759$1,489$1,255$1,053$881$646
17 years$1,638$1,371$1,142$946$781$559
18 years$1,531$1,267$1,042$853$694$485
19 years$1,435$1,174$954$770$619$422
20 years$1,349$1,091$876$698$553$368
21 years$1,272$1,016$805$633$495$321
22 years$1,201$949$742$576$443$281
23 years$1,137$887$685$524$398$246
24 years$1,078$831$634$478$358$215
25 years$1,024$780$587$437$322$188
26 years$974$733$544$399$290$165
27 years$928$690$506$366$261$145
28 years$885$650$470$335$236$127
29 years$845$613$437$307$213$112
30 years$808$579$407$282$192$98
31 years$774$548$380$259$174$87
32 years$741$518$354$238$157$76
33 years$711$491$331$219$142$67
34 years$683$465$309$201$129$59
35 years$656$441$289$185$117$52
36 years$631$419$270$171$106$46
37 years$607$398$253$157$96$40
38 years$584$378$237$145$87$35
39 years$563$359$222$134$79$31
40 years$543$342$208$123$72$28
41 years$524$325$195$114$65$24
42 years$505$310$183$105$59$21
43 years$488$295$172$97$53$19
44 years$472$282$161$89$49$17
45 years$456$268$151$83$44$15
46 years$441$256$142$76$40$13
47 years$427$244$134$70$36$11
48 years$413$233$126$65$33$10
49 years$400$223$118$60$30$9
50 years$388$213$111$56$27$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $397,000, adding $4,767 every year, while hoping to spend $30,823 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: 50/45/5 Blend
67$397,000$397,000$397,000$397,000
68$442,411$421,370$415,217$463,765
69$454,742$409,222$396,331$466,667
70$467,297$395,445$375,780$466,097
71$480,067$379,928$353,474$464,735
72$493,041$362,551$329,322$462,515
73$506,204$343,189$303,228$459,364
74$519,540$321,709$275,089$455,206
75$533,030$297,970$244,802$449,958
76$546,652$271,823$212,255$443,532
77$560,380$243,112$177,335$435,835
78$574,184$211,669$139,921$426,764
79$588,030$177,321$99,888$416,212
80$601,880$139,880$57,105$404,064
81$615,690$99,152$11,436$390,196
82$629,409$54,930$0$374,476
83$642,982$6,994$0$358,752
84$656,344$0$0$341,661
85$669,424$0$0$344,667
86$682,142$0$0$350,912
87$694,407$0$0$356,884
88$706,117$0$0$362,526
89$717,159$0$0$367,774
90$727,407$0$0$372,558
91$736,719$0$0$376,799
92$744,936$0$0$380,409
93$751,884$0$0$383,291
94$757,366$0$0$385,335
95$761,163$0$0$386,420
96$763,035$0$0$386,413
97$762,710$0$0$385,162
98$759,891$0$0$382,503
99$754,244$0$0$378,252
100$745,402$0$0$372,204