Can I retire at age 68 with 452,000?

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 $452,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$37,326$36,993$36,669$36,352$36,043$35,519
2 years$18,478$18,134$17,800$17,477$17,163$16,637
3 years$12,196$11,851$11,518$11,198$10,889$10,376
4 years$9,056$8,712$8,382$8,067$7,766$7,271
5 years$7,172$6,830$6,505$6,196$5,904$5,427
6 years$5,917$5,577$5,257$4,955$4,671$4,214
7 years$5,021$4,684$4,369$4,074$3,799$3,362
8 years$4,349$4,015$3,705$3,418$3,152$2,734
9 years$3,826$3,496$3,191$2,911$2,654$2,256
10 years$3,409$3,081$2,782$2,509$2,262$1,882
11 years$3,067$2,743$2,449$2,184$1,945$1,584
12 years$2,783$2,462$2,174$1,916$1,685$1,343
13 years$2,543$2,225$1,942$1,691$1,470$1,145
14 years$2,337$2,022$1,745$1,501$1,288$981
15 years$2,158$1,847$1,575$1,339$1,134$844
16 years$2,003$1,695$1,428$1,199$1,003$728
17 years$1,865$1,561$1,300$1,077$889$630
18 years$1,743$1,442$1,186$971$790$547
19 years$1,634$1,337$1,086$877$705$475
20 years$1,536$1,242$997$794$629$414
21 years$1,448$1,157$917$721$563$361
22 years$1,367$1,080$845$656$505$315
23 years$1,294$1,010$780$597$453$276
24 years$1,227$947$722$544$407$241
25 years$1,165$888$668$497$366$211
26 years$1,109$835$620$455$330$185
27 years$1,056$786$576$416$298$162
28 years$1,007$740$535$381$269$142
29 years$962$698$498$350$243$125
30 years$920$660$464$321$219$110
31 years$881$624$432$295$198$97
32 years$844$590$403$271$179$85
33 years$809$559$377$249$162$75
34 years$777$530$352$229$147$66
35 years$747$502$329$211$133$58
36 years$718$477$308$194$120$51
37 years$691$453$288$179$109$45
38 years$665$430$270$165$99$39
39 years$641$409$253$152$90$35
40 years$618$389$237$140$81$30
41 years$596$371$222$129$74$27
42 years$575$353$208$119$67$24
43 years$556$336$196$110$61$21
44 years$537$321$184$102$55$18
45 years$519$306$172$94$50$16
46 years$502$292$162$87$46$14
47 years$486$278$152$80$41$13
48 years$470$266$143$74$38$11
49 years$456$254$134$69$34$10
50 years$441$242$126$63$31$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $452,000, adding $5,507 every year, while hoping to spend $24,585 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: 56/38/6 Blend
67$452,000$452,000$452,000$452,000
68$503,784$479,828$472,822$531,043
69$529,012$477,182$462,504$547,392
70$555,989$473,581$451,015$561,956
71$584,868$468,955$438,292$577,211
72$615,816$463,225$424,266$593,224
73$649,016$456,309$408,866$610,071
74$684,669$448,123$392,017$627,838
75$722,997$438,572$373,641$646,619
76$764,242$427,562$353,657$666,521
77$808,670$414,988$331,980$687,662
78$856,574$400,742$308,521$710,173
79$908,275$384,708$283,187$734,201
80$964,126$366,765$255,880$759,909
81$1,024,514$346,784$226,500$787,479
82$1,089,866$324,629$194,940$817,114
83$1,160,652$300,155$161,089$849,038
84$1,237,385$273,209$124,832$883,501
85$1,320,633$243,631$86,049$920,782
86$1,411,019$211,251$44,613$961,189
87$1,509,229$175,887$393$1,005,066
88$1,616,015$137,351$0$1,052,794
89$1,732,209$95,441$0$1,107,791
90$1,858,722$49,946$0$1,167,754
91$1,996,559$641$0$1,233,187
92$2,146,825$0$0$1,304,678
93$2,310,737$0$0$1,404,919
94$2,489,634$0$0$1,514,656
95$2,684,988$0$0$1,634,528
96$2,898,424$0$0$1,765,536
97$3,131,726$0$0$1,908,783
98$3,386,861$0$0$2,065,480
99$3,665,994$0$0$2,236,963
100$3,971,510$0$0$2,424,703