Can I retire at age 68 with 484,000?

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 $484,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$39,968$39,612$39,265$38,926$38,595$37,785
2 years$19,786$19,418$19,061$18,714$18,378$17,566
3 years$13,060$12,690$12,333$11,990$11,660$10,871
4 years$9,697$9,328$8,976$8,638$8,316$7,556
5 years$7,680$7,313$6,965$6,635$6,322$5,593
6 years$6,336$5,972$5,629$5,306$5,002$4,306
7 years$5,376$5,015$4,678$4,363$4,068$3,404
8 years$4,657$4,299$3,967$3,660$3,375$2,743
9 years$4,097$3,743$3,417$3,117$2,842$2,241
10 years$3,650$3,299$2,979$2,687$2,422$1,852
11 years$3,285$2,937$2,623$2,339$2,083$1,543
12 years$2,980$2,636$2,328$2,051$1,805$1,295
13 years$2,723$2,382$2,079$1,811$1,574$1,092
14 years$2,502$2,166$1,868$1,608$1,380$926
15 years$2,311$1,978$1,687$1,434$1,215$788
16 years$2,144$1,815$1,529$1,284$1,074$672
17 years$1,997$1,672$1,392$1,153$952$575
18 years$1,867$1,545$1,270$1,039$846$493
19 years$1,750$1,432$1,163$939$754$424
20 years$1,645$1,330$1,067$851$674$364
21 years$1,550$1,239$982$772$603$314
22 years$1,464$1,157$905$702$541$271
23 years$1,386$1,082$835$639$485$234
24 years$1,314$1,014$773$583$436$202
25 years$1,248$951$716$532$392$175
26 years$1,187$894$664$487$353$151
27 years$1,131$841$616$446$319$131
28 years$1,079$793$573$408$288$113
29 years$1,030$748$533$374$260$98
30 years$985$706$497$344$235$85
31 years$943$668$463$316$212$74
32 years$904$632$432$290$192$64
33 years$867$598$403$267$174$56
34 years$832$567$377$245$157$48
35 years$799$538$352$226$142$42
36 years$769$510$330$208$129$36
37 years$740$485$309$192$117$32
38 years$712$461$289$177$106$27
39 years$686$438$271$163$96$24
40 years$662$417$254$150$87$21
41 years$638$397$238$139$79$18
42 years$616$378$223$128$72$16
43 years$595$360$209$118$65$14
44 years$575$343$197$109$59$12
45 years$556$327$185$101$54$10
46 years$538$312$173$93$49$9
47 years$520$298$163$86$44$8
48 years$504$284$153$79$40$7
49 years$488$272$144$73$37$6
50 years$473$259$135$68$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $484,000, adding $4,719 every year, while hoping to spend $41,126 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: 66/24/10 Blend
67$484,000$484,000$484,000$484,000
68$538,236$512,584$505,082$572,317
69$549,378$493,943$478,244$576,962
70$560,278$473,010$449,129$576,725
71$570,869$449,629$417,617$575,401
72$581,073$423,636$383,583$572,883
73$590,805$394,857$346,896$569,049
74$599,970$363,108$307,419$563,770
75$608,459$328,193$265,010$556,904
76$616,155$289,907$219,521$548,297
77$622,922$248,032$170,794$537,783
78$628,614$202,339$118,669$525,177
79$633,064$152,585$62,976$510,282
80$636,088$98,513$3,537$492,880
81$637,482$39,853$0$472,736
82$637,018$0$0$455,984
83$634,444$0$0$443,024
84$629,479$0$0$438,833
85$621,814$0$0$432,659
86$611,102$0$0$424,251
87$596,963$0$0$413,331
88$578,972$0$0$399,589
89$556,662$0$0$382,685
90$529,513$0$0$362,240
91$496,952$0$0$337,836
92$458,342$0$0$309,011
93$412,980$0$0$275,252
94$360,091$0$0$235,993
95$298,814$0$0$190,609
96$228,199$0$0$138,407
97$147,197$0$0$78,625
98$54,648$0$0$10,416
99$0$0$0$0
100$0$0$0$0