Can I retire at age 68 with 432,000?

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 $432,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$35,674$35,356$35,046$34,744$34,448$33,822
2 years$17,660$17,332$17,013$16,704$16,404$15,775
3 years$11,657$11,326$11,008$10,702$10,407$9,796
4 years$8,655$8,326$8,011$7,710$7,423$6,833
5 years$6,855$6,528$6,217$5,922$5,643$5,076
6 years$5,655$5,330$5,024$4,736$4,465$3,923
7 years$4,799$4,476$4,175$3,894$3,631$3,113
8 years$4,156$3,837$3,541$3,266$3,012$2,519
9 years$3,657$3,341$3,050$2,782$2,537$2,067
10 years$3,258$2,945$2,659$2,398$2,161$1,715
11 years$2,932$2,622$2,341$2,087$1,859$1,436
12 years$2,660$2,353$2,077$1,831$1,611$1,210
13 years$2,430$2,126$1,856$1,616$1,405$1,026
14 years$2,233$1,933$1,668$1,435$1,231$873
15 years$2,063$1,766$1,506$1,280$1,084$747
16 years$1,914$1,620$1,365$1,146$958$640
17 years$1,783$1,492$1,242$1,029$850$551
18 years$1,666$1,379$1,134$928$755$475
19 years$1,562$1,278$1,038$838$673$410
20 years$1,468$1,187$953$759$601$354
21 years$1,384$1,106$876$689$538$307
22 years$1,307$1,032$808$627$482$266
23 years$1,237$966$746$571$433$231
24 years$1,173$905$690$520$389$201
25 years$1,114$849$639$475$350$175
26 years$1,059$798$592$435$316$152
27 years$1,009$751$550$398$284$132
28 years$963$708$511$364$257$115
29 years$920$668$476$334$232$100
30 years$879$630$443$307$209$88
31 years$842$596$413$282$189$76
32 years$807$564$386$259$171$67
33 years$774$534$360$238$155$58
34 years$743$506$336$219$140$51
35 years$714$480$315$202$127$44
36 years$686$456$294$186$115$39
37 years$660$433$275$171$104$34
38 years$636$411$258$158$95$30
39 years$613$391$242$145$86$26
40 years$591$372$226$134$78$23
41 years$570$354$212$124$71$20
42 years$550$337$199$114$64$17
43 years$531$321$187$105$58$15
44 years$513$306$175$97$53$13
45 years$496$292$165$90$48$11
46 years$480$279$155$83$44$10
47 years$464$266$145$77$40$9
48 years$450$254$137$71$36$8
49 years$435$242$128$66$33$7
50 years$422$232$121$61$30$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $432,000, adding $3,893 every year, while hoping to spend $24,588 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: 72/11/17 Blend
67$432,000$432,000$432,000$432,000
68$480,080$457,184$450,488$512,478
69$502,886$453,424$439,418$530,745
70$527,195$448,656$427,152$547,398
71$553,134$442,805$413,627$564,998
72$580,841$435,790$398,771$583,637
73$610,470$427,527$382,513$603,412
74$642,188$417,926$364,777$624,434
75$676,179$406,892$345,485$646,822
76$712,644$394,325$324,554$670,712
77$751,806$380,119$301,898$696,250
78$793,905$364,160$277,427$723,602
79$839,209$346,329$251,046$752,948
80$888,011$326,502$222,659$784,488
81$940,631$304,543$192,161$818,445
82$997,422$280,313$159,445$855,063
83$1,058,773$253,662$124,401$894,613
84$1,125,110$224,434$86,910$937,395
85$1,196,901$192,461$46,851$983,740
86$1,274,661$157,567$4,097$1,034,015
87$1,358,956$119,568$0$1,088,622
88$1,450,409$78,266$0$1,155,544
89$1,549,705$33,455$0$1,229,023
90$1,657,596$0$0$1,308,888
91$1,774,912$0$0$1,397,595
92$1,902,564$0$0$1,498,542
93$2,041,555$0$0$1,608,476
94$2,192,987$0$0$1,728,270
95$2,358,077$0$0$1,858,889
96$2,538,160$0$0$2,001,393
97$2,734,708$0$0$2,156,948
98$2,949,339$0$0$2,326,840
99$3,183,837$0$0$2,512,482
100$3,440,165$0$0$2,715,431