Can I retire at age 68 with 411,000?

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 $411,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$33,940$33,638$33,343$33,055$32,774$32,086
2 years$16,802$16,489$16,186$15,892$15,607$14,917
3 years$11,090$10,776$10,473$10,182$9,901$9,231
4 years$8,235$7,921$7,622$7,336$7,062$6,416
5 years$6,522$6,210$5,915$5,634$5,368$4,749
6 years$5,380$5,071$4,780$4,506$4,248$3,656
7 years$4,565$4,259$3,972$3,705$3,455$2,890
8 years$3,954$3,651$3,369$3,108$2,866$2,329
9 years$3,479$3,179$2,902$2,647$2,413$1,903
10 years$3,100$2,802$2,530$2,282$2,056$1,573
11 years$2,789$2,494$2,227$1,986$1,769$1,310
12 years$2,531$2,239$1,976$1,742$1,533$1,100
13 years$2,312$2,023$1,766$1,538$1,336$928
14 years$2,125$1,839$1,587$1,365$1,172$786
15 years$1,963$1,680$1,432$1,217$1,032$669
16 years$1,821$1,541$1,299$1,090$912$571
17 years$1,696$1,419$1,182$979$808$488
18 years$1,585$1,312$1,079$883$719$419
19 years$1,486$1,216$988$798$641$360
20 years$1,397$1,130$906$722$572$310
21 years$1,316$1,052$834$656$512$267
22 years$1,243$982$768$596$459$230
23 years$1,177$919$709$543$412$199
24 years$1,116$861$656$495$370$172
25 years$1,060$808$608$452$333$148
26 years$1,008$759$564$413$300$128
27 years$960$714$523$378$271$111
28 years$916$673$487$347$244$96
29 years$875$635$453$318$221$83
30 years$837$600$422$292$199$72
31 years$801$567$393$268$180$63
32 years$767$536$367$246$163$54
33 years$736$508$343$226$147$47
34 years$707$482$320$208$134$41
35 years$679$457$299$192$121$36
36 years$653$433$280$177$110$31
37 years$628$412$262$163$99$27
38 years$605$391$245$150$90$23
39 years$583$372$230$138$82$20
40 years$562$354$215$128$74$18
41 years$542$337$202$118$67$15
42 years$523$321$190$109$61$13
43 years$505$306$178$100$55$11
44 years$488$291$167$93$50$10
45 years$472$278$157$86$46$9
46 years$457$265$147$79$41$8
47 years$442$253$138$73$38$7
48 years$428$242$130$67$34$6
49 years$414$231$122$62$31$5
50 years$401$220$115$58$28$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $411,000, adding $5,215 every year, while hoping to spend $34,186 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: 27/49/24 Blend
67$411,000$411,000$411,000$411,000
68$458,301$436,518$430,148$467,111
69$468,674$421,534$408,184$459,536
70$478,960$404,670$384,339$448,081
71$489,112$385,797$358,513$435,066
72$499,081$364,781$330,603$420,379
73$508,810$341,477$300,500$403,904
74$518,234$315,735$268,092$385,515
75$527,280$287,393$233,260$365,079
76$535,870$256,282$195,881$342,454
77$543,912$222,223$155,827$317,490
78$551,306$185,027$112,962$290,026
79$557,940$144,494$67,146$259,891
80$563,688$100,412$18,234$226,904
81$568,410$52,559$0$190,869
82$571,952$698$0$160,279
83$574,140$0$0$131,762
84$574,783$0$0$130,335
85$573,667$0$0$128,721
86$570,555$0$0$126,473
87$565,184$0$0$123,511
88$557,263$0$0$119,748
89$546,469$0$0$115,086
90$532,443$0$0$109,416
91$514,789$0$0$102,619
92$493,068$0$0$94,564
93$466,793$0$0$85,103
94$435,426$0$0$74,076
95$398,371$0$0$61,303
96$354,971$0$0$46,587
97$304,496$0$0$29,710
98$246,143$0$0$10,429
99$179,022$0$0$0
100$102,149$0$0$0