Can I retire at age 68 with 495,000?

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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$40,877$40,513$40,157$39,811$39,472$39,306
2 years$20,236$19,859$19,494$19,140$18,796$18,628
3 years$13,357$12,978$12,614$12,263$11,925$11,761
4 years$9,918$9,540$9,180$8,835$8,505$8,346
5 years$7,855$7,480$7,124$6,786$6,465$6,311
6 years$6,480$6,108$5,757$5,427$5,116$4,967
7 years$5,498$5,129$4,784$4,462$4,161$4,018
8 years$4,763$4,397$4,057$3,743$3,452$3,314
9 years$4,190$3,828$3,495$3,188$2,907$2,775
10 years$3,733$3,374$3,047$2,748$2,477$2,351
11 years$3,359$3,004$2,682$2,392$2,130$2,009
12 years$3,048$2,696$2,380$2,098$1,846$1,731
13 years$2,784$2,437$2,127$1,852$1,610$1,500
14 years$2,559$2,215$1,911$1,644$1,411$1,306
15 years$2,364$2,023$1,725$1,466$1,242$1,142
16 years$2,193$1,856$1,564$1,313$1,098$1,003
17 years$2,043$1,710$1,423$1,180$974$883
18 years$1,909$1,580$1,299$1,063$866$780
19 years$1,790$1,464$1,189$961$772$690
20 years$1,682$1,360$1,092$870$689$612
21 years$1,585$1,267$1,004$790$617$544
22 years$1,497$1,183$925$718$553$484
23 years$1,417$1,106$854$654$496$431
24 years$1,344$1,037$790$596$446$385
25 years$1,276$973$732$545$401$344
26 years$1,214$914$679$498$362$307
27 years$1,157$860$630$456$326$275
28 years$1,103$811$586$418$294$246
29 years$1,054$765$545$383$266$220
30 years$1,008$722$508$351$240$197
31 years$965$683$474$323$217$177
32 years$924$646$442$297$196$159
33 years$886$612$413$273$178$143
34 years$851$580$385$251$161$128
35 years$818$550$360$231$146$115
36 years$786$522$337$213$132$103
37 years$756$496$316$196$120$93
38 years$728$471$295$181$108$84
39 years$702$448$277$167$98$75
40 years$677$426$259$154$89$68
41 years$653$406$243$142$81$61
42 years$630$386$228$131$73$55
43 years$609$368$214$121$67$49
44 years$588$351$201$112$60$44
45 years$569$335$189$103$55$40
46 years$550$319$177$95$50$36
47 years$532$305$167$88$45$32
48 years$515$291$157$81$41$29
49 years$499$278$147$75$37$26
50 years$483$265$138$69$34$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $495,000, adding $6,788 every year, while hoping to spend $20,646 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: 34/40/26 Blend
67$495,000$495,000$495,000$495,000
68$552,492$526,257$518,584$566,733
69$586,879$530,076$513,990$581,810
70$624,081$533,391$508,549$595,721
71$664,365$536,154$502,213$610,316
72$708,021$538,316$494,928$625,669
73$755,370$539,825$486,639$641,864
74$806,766$540,625$477,290$658,994
75$862,596$540,655$466,819$677,162
76$923,287$539,854$455,164$696,486
77$989,310$538,154$442,259$717,096
78$1,061,179$535,483$428,034$739,138
79$1,139,465$531,767$412,418$762,772
80$1,224,792$526,925$395,336$788,180
81$1,317,849$520,873$376,708$815,563
82$1,419,393$513,520$356,452$845,144
83$1,530,260$504,771$334,482$877,175
84$1,651,367$494,526$310,708$911,931
85$1,783,726$482,676$285,035$949,722
86$1,928,448$469,109$257,366$990,890
87$2,086,759$453,705$227,598$1,035,818
88$2,260,009$436,337$195,623$1,084,928
89$2,449,683$416,871$161,329$1,138,690
90$2,657,417$395,164$124,600$1,197,627
91$2,885,013$371,066$85,313$1,262,318
92$3,134,455$344,419$43,342$1,333,406
93$3,407,927$315,054$0$1,411,602
94$3,707,837$282,793$0$1,498,100
95$4,036,836$247,448$0$1,606,229
96$4,397,842$208,822$0$1,724,965
97$4,794,072$166,705$0$1,855,423
98$5,229,069$120,875$0$1,998,838
99$5,706,735$71,099$0$2,156,574
100$6,231,367$17,128$0$2,330,136