Can I retire at age 68 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$38,482$38,139$37,805$37,478$37,159$36,741
2 years$19,050$18,696$18,352$18,018$17,695$17,274
3 years$12,574$12,218$11,875$11,545$11,226$10,815
4 years$9,337$8,981$8,642$8,317$8,007$7,609
5 years$7,395$7,042$6,706$6,388$6,087$5,704
6 years$6,100$5,750$5,420$5,109$4,816$4,448
7 years$5,176$4,829$4,504$4,200$3,917$3,564
8 years$4,484$4,139$3,820$3,524$3,249$2,912
9 years$3,945$3,604$3,290$3,001$2,736$2,414
10 years$3,514$3,177$2,868$2,587$2,332$2,024
11 years$3,162$2,828$2,525$2,252$2,005$1,712
12 years$2,869$2,538$2,241$1,975$1,738$1,459
13 years$2,621$2,294$2,002$1,744$1,515$1,250
14 years$2,409$2,085$1,799$1,548$1,328$1,077
15 years$2,225$1,905$1,624$1,380$1,170$931
16 years$2,065$1,748$1,473$1,236$1,034$808
17 years$1,923$1,609$1,340$1,110$917$703
18 years$1,797$1,487$1,223$1,001$815$614
19 years$1,685$1,378$1,120$904$726$537
20 years$1,584$1,281$1,028$819$649$470
21 years$1,493$1,193$945$743$581$412
22 years$1,410$1,114$871$676$520$362
23 years$1,334$1,042$804$615$467$319
24 years$1,265$976$744$561$420$281
25 years$1,201$916$689$513$378$247
26 years$1,143$861$639$469$340$218
27 years$1,089$810$593$429$307$193
28 years$1,039$763$552$393$277$170
29 years$992$720$513$360$250$150
30 years$949$680$478$331$226$133
31 years$908$643$446$304$204$118
32 years$870$608$416$279$185$104
33 years$835$576$388$257$167$92
34 years$801$546$363$236$151$81
35 years$770$518$339$217$137$72
36 years$740$491$317$200$124$64
37 years$712$467$297$185$113$57
38 years$686$444$278$170$102$50
39 years$661$422$261$157$93$44
40 years$637$401$244$145$84$39
41 years$615$382$229$133$76$35
42 years$593$364$215$123$69$31
43 years$573$347$202$114$63$27
44 years$554$330$189$105$57$24
45 years$535$315$178$97$52$22
46 years$518$301$167$90$47$19
47 years$501$287$157$83$43$17
48 years$485$274$147$76$39$15
49 years$470$262$138$71$35$13
50 years$455$250$130$65$32$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $466,000, adding $6,845 every year, while hoping to spend $25,598 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: 42/40/18 Blend
67$466,000$466,000$466,000$466,000
68$520,593$495,895$488,672$539,453
69$546,457$492,957$477,806$550,518
70$574,102$489,018$465,719$559,470
71$603,681$484,001$452,341$568,628
72$635,365$477,825$437,603$578,022
73$669,338$470,406$421,429$587,688
74$705,806$461,651$403,742$597,670
75$744,992$451,465$384,461$608,014
76$787,141$439,747$363,501$618,777
77$832,524$426,389$340,772$630,022
78$881,436$411,276$316,183$641,820
79$934,203$394,289$289,635$654,254
80$991,182$375,300$261,028$667,417
81$1,052,766$354,174$230,257$681,414
82$1,119,388$330,767$197,209$696,365
83$1,191,520$304,930$161,771$712,405
84$1,269,686$276,502$123,821$729,686
85$1,354,458$245,315$83,233$748,379
86$1,446,468$211,191$39,877$768,677
87$1,546,410$173,941$0$790,797
88$1,655,046$133,367$0$816,210
89$1,773,217$89,257$0$852,214
90$1,901,846$41,392$0$891,477
91$2,041,949$0$0$934,370
92$2,194,645$0$0$985,913
93$2,361,166$0$0$1,062,045
94$2,542,866$0$0$1,145,173
95$2,741,236$0$0$1,235,986
96$2,957,918$0$0$1,335,243
97$3,194,720$0$0$1,443,780
98$3,453,631$0$0$1,562,516
99$3,736,843$0$0$1,692,464
100$4,046,766$0$0$1,834,741