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%17.4%
1 years$40,133$39,776$39,427$39,087$38,754$37,589
2 years$19,868$19,498$19,139$18,792$18,454$17,290
3 years$13,114$12,742$12,384$12,040$11,708$10,582
4 years$9,737$9,367$9,013$8,674$8,350$7,270
5 years$7,712$7,344$6,994$6,663$6,348$5,317
6 years$6,362$5,997$5,652$5,328$5,023$4,042
7 years$5,398$5,036$4,697$4,381$4,085$3,154
8 years$4,676$4,317$3,984$3,675$3,389$2,507
9 years$4,114$3,759$3,431$3,130$2,854$2,021
10 years$3,665$3,313$2,991$2,698$2,432$1,646
11 years$3,298$2,949$2,633$2,348$2,091$1,352
12 years$2,992$2,647$2,337$2,060$1,812$1,117
13 years$2,734$2,392$2,088$1,818$1,580$928
14 years$2,512$2,175$1,876$1,614$1,385$774
15 years$2,321$1,986$1,694$1,440$1,220$648
16 years$2,153$1,823$1,536$1,289$1,078$544
17 years$2,005$1,678$1,397$1,158$956$458
18 years$1,874$1,551$1,276$1,044$850$386
19 years$1,757$1,437$1,168$943$758$326
20 years$1,652$1,336$1,072$854$677$276
21 years$1,557$1,244$986$775$606$233
22 years$1,470$1,161$909$705$543$198
23 years$1,391$1,086$839$642$487$168
24 years$1,319$1,018$776$585$438$142
25 years$1,253$955$719$535$394$121
26 years$1,192$898$666$489$355$103
27 years$1,135$845$619$447$320$87
28 years$1,083$796$575$410$289$74
29 years$1,035$751$535$376$261$63
30 years$989$709$499$345$236$54
31 years$947$670$465$317$213$46
32 years$907$634$434$291$193$39
33 years$870$601$405$268$174$33
34 years$836$569$378$246$158$28
35 years$803$540$354$227$143$24
36 years$772$513$331$209$130$20
37 years$743$487$310$192$117$17
38 years$715$463$290$177$106$15
39 years$689$440$272$164$97$13
40 years$664$419$255$151$88$11
41 years$641$398$239$139$79$9
42 years$619$379$224$128$72$8
43 years$598$362$210$119$65$7
44 years$577$345$197$110$59$6
45 years$558$329$185$101$54$5
46 years$540$314$174$93$49$4
47 years$522$299$164$86$44$3
48 years$506$286$154$80$40$3
49 years$490$273$144$74$37$3
50 years$475$261$136$68$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $486,000, adding $4,339 every year, while hoping to spend $40,214 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: 41/37/22 Blend
67$486,000$486,000$486,000$486,000
68$540,048$514,290$506,757$558,536
69$552,345$496,702$480,946$554,579
70$564,549$476,906$452,922$546,128
71$576,608$454,749$422,570$536,169
72$588,462$430,072$389,766$524,585
73$600,047$402,707$354,385$511,253
74$611,287$372,475$316,292$496,039
75$622,100$339,188$275,349$478,802
76$632,392$302,646$231,412$459,388
77$642,060$262,639$184,327$437,636
78$650,986$218,945$133,939$413,369
79$659,041$171,327$80,080$386,401
80$666,079$119,539$22,579$356,530
81$671,940$63,317$0$323,541
82$676,443$2,385$0$296,307
83$679,389$0$0$271,724
84$680,554$0$0$270,139
85$679,692$0$0$268,573
86$676,528$0$0$265,930
87$670,758$0$0$262,071
88$662,044$0$0$256,843
89$650,011$0$0$250,074
90$634,245$0$0$241,577
91$614,286$0$0$231,142
92$589,624$0$0$218,537
93$559,696$0$0$203,508
94$523,879$0$0$185,769
95$481,481$0$0$165,009
96$431,740$0$0$140,880
97$373,812$0$0$113,000
98$306,763$0$0$80,945
99$229,562$0$0$44,248
100$141,069$0$0$2,392