Can I retire at age 68 with 274,000?

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 $274,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$22,627$22,425$22,228$22,037$21,849$21,286
2 years$11,201$10,993$10,791$10,594$10,404$9,841
3 years$7,393$7,184$6,982$6,788$6,601$6,055
4 years$5,490$5,281$5,081$4,890$4,708$4,183
5 years$4,348$4,140$3,943$3,756$3,579$3,077
6 years$3,587$3,381$3,187$3,004$2,832$2,353
7 years$3,044$2,839$2,648$2,470$2,303$1,848
8 years$2,636$2,434$2,246$2,072$1,911$1,478
9 years$2,320$2,119$1,934$1,765$1,609$1,200
10 years$2,066$1,868$1,686$1,521$1,371$984
11 years$1,859$1,663$1,485$1,324$1,179$814
12 years$1,687$1,492$1,318$1,161$1,022$677
13 years$1,541$1,349$1,177$1,025$891$567
14 years$1,416$1,226$1,058$910$781$476
15 years$1,308$1,120$955$812$688$402
16 years$1,214$1,028$866$727$608$340
17 years$1,131$946$788$653$539$288
18 years$1,057$874$719$588$479$245
19 years$991$810$658$532$427$209
20 years$931$753$604$482$381$178
21 years$878$701$556$437$341$152
22 years$829$655$512$397$306$130
23 years$784$612$473$362$275$111
24 years$744$574$437$330$247$95
25 years$706$538$405$301$222$81
26 years$672$506$376$276$200$70
27 years$640$476$349$252$180$60
28 years$611$449$324$231$163$51
29 years$583$423$302$212$147$44
30 years$558$400$281$195$133$38
31 years$534$378$262$179$120$32
32 years$512$358$245$164$109$28
33 years$491$339$228$151$98$24
34 years$471$321$213$139$89$21
35 years$453$304$199$128$81$18
36 years$435$289$187$118$73$15
37 years$419$274$175$109$66$13
38 years$403$261$164$100$60$11
39 years$389$248$153$92$54$10
40 years$375$236$144$85$49$8
41 years$361$225$135$78$45$7
42 years$349$214$126$72$41$6
43 years$337$204$119$67$37$5
44 years$326$194$111$62$33$5
45 years$315$185$104$57$30$4
46 years$304$177$98$53$28$3
47 years$295$169$92$49$25$3
48 years$285$161$87$45$23$2
49 years$276$154$81$42$21$2
50 years$268$147$77$38$19$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $274,000, adding $5,935 every year, while hoping to spend $24,717 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: 45/33/22 Blend
67$274,000$274,000$274,000$274,000
68$308,070$293,548$289,301$319,743
69$313,194$281,633$272,694$316,635
70$318,013$268,306$254,702$310,377
71$322,469$253,471$235,253$303,089
72$326,498$237,028$214,271$294,685
73$330,028$218,871$191,677$285,076
74$332,981$198,885$167,388$274,165
75$335,268$176,953$141,318$261,846
76$336,790$152,949$113,377$248,008
77$337,438$126,739$83,470$232,528
78$337,090$98,183$51,500$215,275
79$335,612$67,132$17,364$196,108
80$332,854$33,431$0$174,873
81$328,648$0$0$155,882
82$322,812$0$0$140,242
83$315,141$0$0$135,813
84$305,409$0$0$130,342
85$293,365$0$0$123,705
86$278,732$0$0$115,762
87$261,202$0$0$106,362
88$240,437$0$0$95,335
89$216,061$0$0$82,493
90$187,657$0$0$67,632
91$154,768$0$0$50,521
92$116,885$0$0$30,908
93$73,447$0$0$8,515
94$23,835$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