Can I retire at age 68 with 431,000?

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 $431,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$35,592$35,275$34,965$34,663$34,369$33,018
2 years$17,620$17,291$16,973$16,665$16,366$15,022
3 years$11,630$11,300$10,983$10,677$10,383$9,088
4 years$8,635$8,307$7,993$7,693$7,405$6,169
5 years$6,839$6,513$6,203$5,909$5,629$4,454
6 years$5,642$5,318$5,013$4,725$4,454$3,342
7 years$4,787$4,466$4,166$3,885$3,623$2,572
8 years$4,147$3,828$3,533$3,259$3,005$2,016
9 years$3,649$3,333$3,043$2,776$2,531$1,601
10 years$3,250$2,938$2,653$2,393$2,156$1,285
11 years$2,925$2,616$2,335$2,082$1,855$1,039
12 years$2,654$2,348$2,073$1,827$1,607$845
13 years$2,424$2,122$1,852$1,613$1,401$690
14 years$2,228$1,928$1,664$1,431$1,229$566
15 years$2,058$1,762$1,502$1,277$1,082$466
16 years$1,909$1,616$1,362$1,143$956$385
17 years$1,779$1,489$1,239$1,027$848$318
18 years$1,662$1,375$1,131$926$754$263
19 years$1,558$1,275$1,036$836$672$218
20 years$1,465$1,185$951$757$600$181
21 years$1,380$1,103$874$687$537$151
22 years$1,304$1,030$806$625$481$125
23 years$1,234$963$744$569$432$104
24 years$1,170$903$688$519$388$87
25 years$1,111$847$637$474$349$72
26 years$1,057$796$591$434$315$60
27 years$1,007$749$549$397$284$50
28 years$961$706$510$364$256$42
29 years$917$666$475$333$231$35
30 years$877$629$442$306$209$29
31 years$840$595$412$281$189$24
32 years$805$563$385$258$171$20
33 years$772$533$359$238$155$17
34 years$741$505$336$219$140$14
35 years$712$479$314$201$127$12
36 years$685$455$294$185$115$10
37 years$659$432$275$171$104$8
38 years$634$410$257$157$94$7
39 years$611$390$241$145$86$6
40 years$589$371$226$134$78$5
41 years$568$353$212$123$70$4
42 years$549$337$199$114$64$3
43 years$530$321$186$105$58$3
44 years$512$306$175$97$53$2
45 years$495$291$164$90$48$2
46 years$479$278$154$83$43$2
47 years$463$265$145$77$39$1
48 years$449$253$136$71$36$1
49 years$434$242$128$65$33$1
50 years$421$231$120$60$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $431,000, adding $5,945 every year, while hoping to spend $36,254 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: 67/13/20 Blend
67$431,000$431,000$431,000$431,000
68$481,094$458,251$451,571$510,543
69$491,592$442,132$428,124$514,889
70$501,945$424,007$402,678$514,901
71$512,101$403,741$375,125$514,043
72$522,000$381,189$345,356$512,228
73$531,576$356,198$313,257$509,364
74$540,752$328,608$278,707$505,347
75$549,445$298,246$241,580$500,066
76$557,562$264,934$201,746$493,402
77$564,997$228,479$159,068$485,221
78$571,632$188,680$113,403$475,381
79$577,339$145,326$64,602$463,726
80$581,970$98,189$12,509$450,085
81$585,365$47,035$0$434,273
82$587,343$0$0$425,282
83$587,705$0$0$418,345
84$586,228$0$0$416,763
85$582,665$0$0$413,626
86$576,743$0$0$408,732
87$568,158$0$0$401,854
88$556,574$0$0$392,746
89$541,618$0$0$381,130
90$522,877$0$0$366,702
91$499,894$0$0$349,123
92$472,163$0$0$328,019
93$439,124$0$0$302,976
94$400,157$0$0$273,536
95$354,577$0$0$239,192
96$301,626$0$0$199,384
97$240,467$0$0$153,493
98$170,174$0$0$100,836
99$89,725$0$0$40,655
100$0$0$0$0