Can I retire at age 68 with 443,000?

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 $443,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$36,583$36,257$35,939$35,628$35,325$35,103
2 years$18,110$17,773$17,446$17,129$16,822$16,597
3 years$11,954$11,615$11,289$10,975$10,672$10,453
4 years$8,876$8,538$8,215$7,907$7,612$7,399
5 years$7,030$6,694$6,375$6,073$5,786$5,581
6 years$5,799$5,466$5,152$4,857$4,578$4,381
7 years$4,921$4,590$4,282$3,993$3,723$3,533
8 years$4,262$3,935$3,631$3,350$3,089$2,906
9 years$3,750$3,426$3,127$2,853$2,601$2,427
10 years$3,341$3,020$2,727$2,459$2,217$2,049
11 years$3,006$2,688$2,400$2,140$1,906$1,746
12 years$2,728$2,413$2,130$1,877$1,652$1,499
13 years$2,492$2,181$1,903$1,657$1,441$1,295
14 years$2,290$1,982$1,710$1,471$1,263$1,124
15 years$2,115$1,811$1,544$1,312$1,112$980
16 years$1,963$1,661$1,400$1,175$983$858
17 years$1,828$1,530$1,274$1,056$871$753
18 years$1,708$1,414$1,163$951$775$662
19 years$1,602$1,310$1,065$860$691$584
20 years$1,506$1,218$977$779$617$516
21 years$1,419$1,134$899$707$552$457
22 years$1,340$1,059$828$642$495$405
23 years$1,268$990$765$585$444$360
24 years$1,203$928$707$534$399$320
25 years$1,142$871$655$487$359$284
26 years$1,086$818$608$446$324$253
27 years$1,035$770$564$408$292$226
28 years$987$726$524$374$263$201
29 years$943$685$488$343$238$179
30 years$902$646$455$315$215$160
31 years$863$611$424$289$194$143
32 years$827$578$395$265$176$128
33 years$793$548$369$244$159$114
34 years$762$519$345$225$144$102
35 years$732$492$323$207$130$91
36 years$704$467$302$190$118$82
37 years$677$444$282$175$107$73
38 years$652$422$264$162$97$66
39 years$628$401$248$149$88$59
40 years$606$382$232$138$80$53
41 years$584$363$218$127$72$47
42 years$564$346$204$117$66$42
43 years$545$330$192$108$60$38
44 years$526$314$180$100$54$34
45 years$509$300$169$92$49$30
46 years$492$286$159$85$45$27
47 years$476$273$149$79$41$24
48 years$461$260$140$73$37$22
49 years$446$249$132$67$33$20
50 years$433$237$124$62$30$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $443,000, adding $6,586 every year, while hoping to spend $34,431 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: 56/30/14 Blend
67$443,000$443,000$443,000$443,000
68$494,979$471,500$464,634$520,551
69$508,833$457,970$443,565$525,116
70$522,946$442,622$420,636$525,766
71$537,308$425,332$395,749$525,678
72$551,906$405,967$368,800$524,788
73$566,728$384,386$339,682$523,027
74$581,755$360,441$308,282$520,322
75$596,967$333,976$274,482$516,594
76$612,341$304,824$238,160$511,758
77$627,849$272,810$199,188$505,724
78$643,460$237,748$157,431$498,395
79$659,137$199,442$112,750$489,667
80$674,841$157,686$64,998$479,429
81$690,522$112,261$14,024$467,560
82$706,130$62,936$0$453,932
83$721,602$9,466$0$444,438
84$736,870$0$0$435,527
85$751,859$0$0$440,948
86$766,481$0$0$449,246
87$780,639$0$0$457,235
88$794,225$0$0$464,847
89$807,116$0$0$472,006
90$819,176$0$0$478,627
91$830,254$0$0$484,615
92$840,178$0$0$489,866
93$848,759$0$0$494,260
94$855,786$0$0$497,666
95$861,024$0$0$499,939
96$864,213$0$0$500,917
97$865,060$0$0$500,419
98$863,243$0$0$498,245
99$858,405$0$0$494,173
100$850,147$0$0$487,957