Can I retire at age 68 with 403,000?

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 $403,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$33,279$32,983$32,694$32,411$32,136$31,346
2 years$16,475$16,168$15,871$15,582$15,303$14,512
3 years$10,874$10,566$10,269$9,984$9,709$8,942
4 years$8,074$7,767$7,474$7,193$6,924$6,187
5 years$6,395$6,090$5,800$5,525$5,264$4,558
6 years$5,276$4,973$4,687$4,418$4,165$3,492
7 years$4,476$4,176$3,895$3,632$3,387$2,746
8 years$3,877$3,580$3,303$3,047$2,810$2,201
9 years$3,412$3,117$2,845$2,595$2,366$1,789
10 years$3,039$2,747$2,480$2,237$2,016$1,470
11 years$2,735$2,446$2,184$1,947$1,734$1,218
12 years$2,481$2,195$1,938$1,708$1,503$1,016
13 years$2,267$1,984$1,731$1,508$1,310$852
14 years$2,083$1,803$1,556$1,338$1,149$718
15 years$1,924$1,647$1,405$1,194$1,011$607
16 years$1,785$1,511$1,273$1,069$894$515
17 years$1,663$1,392$1,159$960$793$437
18 years$1,554$1,286$1,058$865$705$373
19 years$1,457$1,192$968$782$628$318
20 years$1,370$1,108$889$708$561$272
21 years$1,291$1,032$817$643$502$232
22 years$1,219$963$753$584$450$199
23 years$1,154$901$696$532$404$171
24 years$1,094$844$643$485$363$146
25 years$1,039$792$596$443$327$126
26 years$988$744$553$405$294$108
27 years$942$701$513$371$265$93
28 years$898$660$477$340$239$80
29 years$858$623$444$312$216$69
30 years$820$588$414$286$195$59
31 years$785$556$386$263$177$51
32 years$752$526$360$241$160$44
33 years$722$498$336$222$145$38
34 years$693$472$314$204$131$32
35 years$666$448$293$188$119$28
36 years$640$425$274$173$107$24
37 years$616$404$257$160$97$21
38 years$593$384$241$147$88$18
39 years$571$365$225$136$80$15
40 years$551$347$211$125$73$13
41 years$532$330$198$115$66$11
42 years$513$315$186$107$60$10
43 years$496$300$174$98$54$8
44 years$479$286$164$91$49$7
45 years$463$273$154$84$45$6
46 years$448$260$144$77$41$5
47 years$433$248$136$72$37$5
48 years$419$237$127$66$33$4
49 years$406$226$120$61$30$3
50 years$393$216$113$56$28$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $403,000, adding $3,284 every year, while hoping to spend $32,888 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: 80/5/15 Blend
67$403,000$403,000$403,000$403,000
68$447,493$426,134$419,888$481,652
69$458,145$412,022$398,962$490,477
70$468,781$396,117$376,232$495,594
71$479,365$378,295$351,604$500,274
72$489,856$358,426$324,978$504,457
73$500,207$336,375$296,250$508,080
74$510,365$311,995$265,313$511,072
75$520,273$285,133$232,051$513,356
76$529,864$255,628$196,348$514,847
77$539,063$223,307$158,079$515,452
78$547,789$187,990$117,115$515,067
79$555,947$149,485$73,322$513,580
80$563,434$107,590$26,559$510,868
81$570,134$62,092$0$506,794
82$575,918$12,765$0$504,945
83$580,643$0$0$506,202
84$584,148$0$0$508,388
85$586,256$0$0$510,038
86$586,768$0$0$510,275
87$585,465$0$0$508,905
88$582,102$0$0$505,713
89$576,410$0$0$500,459
90$568,087$0$0$492,879
91$556,801$0$0$482,679
92$542,183$0$0$469,533
93$523,825$0$0$453,082
94$501,274$0$0$432,927
95$474,029$0$0$408,624
96$441,536$0$0$379,686
97$403,183$0$0$345,573
98$358,291$0$0$305,685
99$306,110$0$0$259,361
100$245,812$0$0$205,871