Can I retire at age 68 with 486,000?

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 $486,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$40,133$39,776$39,427$39,087$38,754$38,398
2 years$19,868$19,498$19,139$18,792$18,454$18,095
3 years$13,114$12,742$12,384$12,040$11,708$11,357
4 years$9,737$9,367$9,013$8,674$8,350$8,011
5 years$7,712$7,344$6,994$6,663$6,348$6,020
6 years$6,362$5,997$5,652$5,328$5,023$4,708
7 years$5,398$5,036$4,697$4,381$4,085$3,783
8 years$4,676$4,317$3,984$3,675$3,389$3,099
9 years$4,114$3,759$3,431$3,130$2,854$2,577
10 years$3,665$3,313$2,991$2,698$2,432$2,167
11 years$3,298$2,949$2,633$2,348$2,091$1,839
12 years$2,992$2,647$2,337$2,060$1,812$1,572
13 years$2,734$2,392$2,088$1,818$1,580$1,352
14 years$2,512$2,175$1,876$1,614$1,385$1,168
15 years$2,321$1,986$1,694$1,440$1,220$1,014
16 years$2,153$1,823$1,536$1,289$1,078$883
17 years$2,005$1,678$1,397$1,158$956$771
18 years$1,874$1,551$1,276$1,044$850$675
19 years$1,757$1,437$1,168$943$758$592
20 years$1,652$1,336$1,072$854$677$521
21 years$1,557$1,244$986$775$606$459
22 years$1,470$1,161$909$705$543$404
23 years$1,391$1,086$839$642$487$357
24 years$1,319$1,018$776$585$438$316
25 years$1,253$955$719$535$394$279
26 years$1,192$898$666$489$355$247
27 years$1,135$845$619$447$320$219
28 years$1,083$796$575$410$289$194
29 years$1,035$751$535$376$261$172
30 years$989$709$499$345$236$153
31 years$947$670$465$317$213$136
32 years$907$634$434$291$193$121
33 years$870$601$405$268$174$107
34 years$836$569$378$246$158$95
35 years$803$540$354$227$143$85
36 years$772$513$331$209$130$75
37 years$743$487$310$192$117$67
38 years$715$463$290$177$106$60
39 years$689$440$272$164$97$53
40 years$664$419$255$151$88$47
41 years$641$398$239$139$79$42
42 years$619$379$224$128$72$38
43 years$598$362$210$119$65$33
44 years$577$345$197$110$59$30
45 years$558$329$185$101$54$27
46 years$540$314$174$93$49$24
47 years$522$299$164$86$44$21
48 years$506$286$154$80$40$19
49 years$490$273$144$74$37$17
50 years$475$261$136$68$33$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $486,000, adding $5,440 every year, while hoping to spend $43,605 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: 58/30/12 Blend
67$486,000$486,000$486,000$486,000
68$541,183$515,425$507,892$570,659
69$549,989$494,286$478,511$570,041
70$558,231$470,649$446,685$564,037
71$565,806$444,346$412,284$556,452
72$572,599$415,200$375,176$547,141
73$578,481$383,022$335,222$535,943
74$583,308$347,612$292,274$522,688
75$586,921$308,761$246,181$507,187
76$589,142$266,245$196,783$489,238
77$589,774$219,831$143,915$468,620
78$588,598$169,269$87,402$445,093
79$585,369$114,298$27,065$418,398
80$579,818$54,640$0$388,250
81$571,646$0$0$359,121
82$560,519$0$0$333,207
83$546,071$0$0$323,183
84$527,892$0$0$310,750
85$505,532$0$0$295,618
86$478,491$0$0$277,469
87$446,216$0$0$255,946
88$408,095$0$0$230,659
89$363,450$0$0$201,173
90$311,535$0$0$167,010
91$251,521$0$0$127,640
92$182,494$0$0$82,478
93$103,444$0$0$30,876
94$13,255$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0