Can I retire at age 68 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$39,473$39,121$38,778$38,443$38,116$37,829
2 years$19,541$19,177$18,824$18,482$18,151$17,861
3 years$12,898$12,532$12,181$11,842$11,516$11,232
4 years$9,577$9,213$8,864$8,531$8,213$7,938
5 years$7,585$7,223$6,879$6,553$6,243$5,978
6 years$6,257$5,898$5,559$5,240$4,940$4,685
7 years$5,310$4,953$4,620$4,308$4,018$3,773
8 years$4,599$4,246$3,918$3,614$3,333$3,098
9 years$4,047$3,697$3,375$3,079$2,807$2,582
10 years$3,605$3,258$2,942$2,654$2,392$2,177
11 years$3,244$2,901$2,590$2,310$2,057$1,852
12 years$2,943$2,604$2,299$2,026$1,782$1,587
13 years$2,689$2,353$2,054$1,788$1,554$1,368
14 years$2,471$2,139$1,845$1,588$1,363$1,185
15 years$2,283$1,954$1,666$1,416$1,200$1,031
16 years$2,118$1,793$1,510$1,268$1,060$900
17 years$1,972$1,651$1,374$1,139$940$789
18 years$1,843$1,525$1,255$1,027$836$692
19 years$1,728$1,414$1,149$928$745$609
20 years$1,625$1,314$1,054$840$665$537
21 years$1,531$1,224$970$762$596$475
22 years$1,446$1,142$894$693$534$420
23 years$1,368$1,068$825$631$479$372
24 years$1,298$1,001$763$576$431$330
25 years$1,232$939$707$526$388$293
26 years$1,172$883$656$481$349$260
27 years$1,117$831$609$440$315$231
28 years$1,065$783$566$403$284$206
29 years$1,018$739$527$370$256$183
30 years$973$698$491$339$232$163
31 years$931$659$457$312$209$145
32 years$893$624$427$286$190$129
33 years$856$591$398$263$172$115
34 years$822$560$372$242$155$103
35 years$790$531$348$223$141$92
36 years$759$504$326$205$127$82
37 years$731$479$305$189$115$73
38 years$703$455$285$174$105$65
39 years$678$433$267$161$95$58
40 years$654$412$251$148$86$52
41 years$630$392$235$137$78$47
42 years$609$373$220$126$71$42
43 years$588$356$207$117$64$37
44 years$568$339$194$108$58$33
45 years$549$323$182$99$53$30
46 years$531$308$171$92$48$27
47 years$514$294$161$85$44$24
48 years$497$281$151$78$40$21
49 years$482$268$142$72$36$19
50 years$467$256$134$67$33$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $478,000, adding $2,975 every year, while hoping to spend $23,941 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$478,000$478,000$478,000$478,000
68$529,825$504,491$497,082$565,673
69$558,394$503,738$488,261$589,116
70$589,075$502,145$478,342$611,601
71$622,057$499,647$467,264$635,606
72$657,550$496,173$454,960$661,277
73$695,783$491,648$441,364$688,776
74$737,006$485,993$426,403$718,280
75$781,498$479,124$410,005$749,987
76$829,562$470,952$392,091$784,114
77$881,531$461,382$372,580$820,900
78$937,772$450,315$351,386$860,611
79$998,689$437,645$328,422$903,538
80$1,064,726$423,260$303,595$950,005
81$1,136,370$407,041$276,807$1,000,367
82$1,214,157$388,864$247,958$1,055,019
83$1,298,678$368,595$216,941$1,114,394
84$1,390,581$346,094$183,646$1,178,973
85$1,490,581$321,213$147,959$1,249,283
86$1,599,462$293,795$109,758$1,325,910
87$1,718,090$263,674$68,918$1,409,498
88$1,847,416$230,674$25,307$1,500,759
89$1,988,486$194,611$0$1,600,478
90$2,142,454$155,290$0$1,713,373
91$2,310,588$112,502$0$1,841,700
92$2,494,283$66,030$0$1,981,944
93$2,695,078$15,644$0$2,135,299
94$2,914,665$0$0$2,303,080
95$3,154,908$0$0$2,491,445
96$3,417,858$0$0$2,699,709
97$3,705,775$0$0$2,927,771
98$4,021,148$0$0$3,177,605
99$4,366,716$0$0$3,451,385
100$4,745,497$0$0$3,751,506