Can I retire at age 68 with 421,000?

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 $421,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$34,766$34,456$34,154$33,859$33,571$32,947
2 years$17,211$16,890$16,580$16,278$15,986$15,360
3 years$11,360$11,038$10,728$10,430$10,142$9,533
4 years$8,435$8,114$7,807$7,514$7,234$6,646
5 years$6,681$6,362$6,059$5,771$5,499$4,935
6 years$5,511$5,195$4,896$4,616$4,351$3,812
7 years$4,676$4,362$4,069$3,795$3,539$3,023
8 years$4,051$3,739$3,451$3,183$2,936$2,445
9 years$3,564$3,256$2,972$2,711$2,472$2,005
10 years$3,175$2,870$2,591$2,337$2,106$1,663
11 years$2,857$2,555$2,281$2,034$1,812$1,391
12 years$2,592$2,293$2,025$1,784$1,570$1,172
13 years$2,368$2,072$1,809$1,575$1,369$992
14 years$2,176$1,884$1,625$1,398$1,200$845
15 years$2,010$1,721$1,467$1,247$1,057$721
16 years$1,865$1,579$1,330$1,117$934$618
17 years$1,737$1,454$1,211$1,003$828$531
18 years$1,624$1,344$1,105$904$736$458
19 years$1,522$1,245$1,012$817$656$395
20 years$1,431$1,157$928$740$586$341
21 years$1,348$1,078$854$672$525$295
22 years$1,274$1,006$787$611$470$256
23 years$1,205$941$727$556$422$222
24 years$1,143$882$672$507$379$193
25 years$1,085$827$623$463$341$168
26 years$1,033$778$577$423$307$146
27 years$984$732$536$388$277$127
28 years$938$690$498$355$250$110
29 years$896$651$464$326$226$96
30 years$857$614$432$299$204$84
31 years$820$581$403$275$185$73
32 years$786$550$376$252$167$64
33 years$754$520$351$232$151$55
34 years$724$493$328$213$137$48
35 years$695$468$306$196$124$42
36 years$669$444$287$181$112$37
37 years$643$422$268$167$102$32
38 years$620$401$251$154$92$28
39 years$597$381$235$142$84$24
40 years$576$363$221$131$76$21
41 years$555$345$207$121$69$19
42 years$536$329$194$111$62$16
43 years$518$313$182$103$57$14
44 years$500$299$171$95$51$12
45 years$484$285$161$88$47$11
46 years$468$272$151$81$42$9
47 years$453$259$142$75$39$8
48 years$438$247$133$69$35$7
49 years$424$236$125$64$32$6
50 years$411$226$118$59$29$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $421,000, adding $3,593 every year, while hoping to spend $26,140 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: 48/33/19 Blend
67$421,000$421,000$421,000$421,000
68$467,648$445,335$438,810$487,431
69$487,536$439,344$425,697$495,555
70$508,575$432,183$411,269$501,435
71$530,857$423,767$395,454$507,267
72$554,480$414,007$378,177$513,058
73$579,551$402,807$359,360$518,816
74$606,187$390,067$338,920$524,552
75$634,517$375,679$316,773$530,281
76$664,681$359,531$292,828$536,020
77$696,834$341,503$266,993$541,792
78$731,143$321,469$239,170$547,621
79$767,794$299,295$209,256$553,541
80$806,988$274,839$177,145$559,588
81$848,948$247,954$142,727$565,805
82$893,917$218,479$105,884$572,245
83$942,161$186,250$66,496$578,967
84$993,974$151,088$24,436$586,039
85$1,049,676$112,809$0$593,543
86$1,109,622$71,215$0$605,714
87$1,174,197$26,098$0$624,068
88$1,243,828$0$0$643,796
89$1,318,982$0$0$673,328
90$1,400,173$0$0$715,507
91$1,487,964$0$0$761,154
92$1,582,978$0$0$810,596
93$1,685,894$0$0$864,192
94$1,797,464$0$0$922,340
95$1,918,512$0$0$985,473
96$2,049,944$0$0$1,054,071
97$2,192,758$0$0$1,128,661
98$2,348,052$0$0$1,209,821
99$2,517,031$0$0$1,298,191
100$2,701,026$0$0$1,394,470