Can I retire at age 68 with 418,000?

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 $418,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$34,518$34,211$33,911$33,618$33,332$33,178
2 years$17,088$16,770$16,461$16,162$15,872$15,716
3 years$11,279$10,959$10,652$10,355$10,070$9,918
4 years$8,375$8,056$7,752$7,460$7,182$7,034
5 years$6,633$6,316$6,016$5,730$5,460$5,317
6 years$5,472$5,158$4,862$4,583$4,320$4,182
7 years$4,643$4,331$4,040$3,768$3,513$3,381
8 years$4,022$3,713$3,426$3,161$2,915$2,787
9 years$3,539$3,233$2,951$2,692$2,455$2,333
10 years$3,152$2,849$2,573$2,321$2,091$1,975
11 years$2,837$2,537$2,265$2,020$1,799$1,687
12 years$2,574$2,277$2,010$1,771$1,559$1,452
13 years$2,351$2,058$1,796$1,564$1,359$1,257
14 years$2,161$1,870$1,614$1,388$1,191$1,094
15 years$1,996$1,709$1,457$1,238$1,049$957
16 years$1,852$1,568$1,321$1,109$927$839
17 years$1,725$1,444$1,202$996$822$739
18 years$1,612$1,334$1,097$898$731$652
19 years$1,511$1,236$1,004$811$652$576
20 years$1,421$1,149$922$735$582$511
21 years$1,339$1,070$848$667$521$454
22 years$1,264$999$781$606$467$403
23 years$1,197$934$722$552$419$359
24 years$1,135$875$667$504$377$320
25 years$1,078$821$618$460$339$286
26 years$1,025$772$573$420$305$255
27 years$977$727$532$385$275$228
28 years$932$685$495$353$248$204
29 years$890$646$460$323$224$183
30 years$851$610$429$297$203$164
31 years$814$577$400$273$183$147
32 years$780$546$373$250$166$131
33 years$749$517$348$230$150$118
34 years$719$490$325$212$136$106
35 years$690$464$304$195$123$95
36 years$664$441$285$180$111$85
37 years$639$419$266$166$101$77
38 years$615$398$250$153$92$69
39 years$593$378$234$141$83$62
40 years$571$360$219$130$75$55
41 years$551$343$205$120$68$50
42 years$532$326$193$110$62$45
43 years$514$311$181$102$56$40
44 years$497$296$170$94$51$36
45 years$480$283$159$87$46$33
46 years$464$270$150$80$42$29
47 years$449$257$141$74$38$26
48 years$435$246$132$69$35$24
49 years$421$235$124$63$32$21
50 years$408$224$117$59$29$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $418,000, adding $3,597 every year, while hoping to spend $30,944 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: 47/25/28 Blend
67$418,000$418,000$418,000$418,000
68$464,346$442,192$435,713$482,297
69$478,785$430,936$417,386$484,069
70$493,660$418,090$397,407$482,695
71$508,983$403,545$375,689$480,606
72$524,764$387,185$352,140$477,752
73$541,017$368,884$326,664$474,077
74$557,754$348,512$299,160$469,526
75$574,987$325,931$269,524$464,038
76$592,729$300,995$237,646$457,550
77$610,991$273,548$203,411$449,993
78$629,788$243,427$166,700$441,299
79$649,130$210,459$127,389$431,390
80$669,031$174,461$85,346$420,190
81$689,503$135,241$40,436$407,613
82$710,559$92,594$0$393,572
83$732,210$46,305$0$380,212
84$754,469$0$0$378,235
85$777,346$0$0$376,550
86$800,854$0$0$387,904
87$825,002$0$0$399,564
88$849,801$0$0$411,535
89$875,260$0$0$423,820
90$901,387$0$0$436,423
91$928,190$0$0$449,346
92$955,675$0$0$462,593
93$983,847$0$0$476,164
94$1,012,709$0$0$490,060
95$1,042,264$0$0$504,282
96$1,072,510$0$0$518,828
97$1,103,445$0$0$533,695
98$1,135,064$0$0$548,881
99$1,167,358$0$0$564,378
100$1,200,317$0$0$580,181