Can I retire at age 68 with 300,000?

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 $300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$24,774$24,553$24,338$24,128$23,922$23,526
2 years$12,264$12,036$11,814$11,600$11,392$10,994
3 years$8,095$7,866$7,645$7,432$7,227$6,840
4 years$6,011$5,782$5,563$5,354$5,155$4,781
5 years$4,760$4,533$4,317$4,113$3,918$3,559
6 years$3,927$3,702$3,489$3,289$3,101$2,756
7 years$3,332$3,109$2,899$2,704$2,522$2,192
8 years$2,886$2,665$2,459$2,268$2,092$1,778
9 years$2,540$2,320$2,118$1,932$1,762$1,463
10 years$2,262$2,045$1,846$1,666$1,501$1,217
11 years$2,036$1,821$1,626$1,449$1,291$1,021
12 years$1,847$1,634$1,443$1,271$1,119$863
13 years$1,688$1,477$1,289$1,122$976$733
14 years$1,551$1,342$1,158$996$855$626
15 years$1,433$1,226$1,046$889$753$537
16 years$1,329$1,125$948$796$665$461
17 years$1,238$1,036$863$715$590$398
18 years$1,157$957$787$644$525$344
19 years$1,085$887$721$582$468$298
20 years$1,020$825$662$527$418$258
21 years$961$768$609$479$374$225
22 years$907$717$561$435$335$195
23 years$859$671$518$396$301$170
24 years$814$628$479$361$270$148
25 years$773$590$444$330$243$129
26 years$736$554$411$302$219$113
27 years$701$521$382$276$198$99
28 years$669$491$355$253$178$86
29 years$639$464$330$232$161$75
30 years$611$438$308$213$145$66
31 years$585$414$287$196$131$58
32 years$560$392$268$180$119$51
33 years$537$371$250$165$108$44
34 years$516$351$234$152$97$39
35 years$496$333$218$140$88$34
36 years$476$316$204$129$80$30
37 years$458$301$191$119$72$26
38 years$441$286$179$110$66$23
39 years$425$272$168$101$60$20
40 years$410$258$157$93$54$18
41 years$396$246$147$86$49$15
42 years$382$234$138$79$44$13
43 years$369$223$130$73$40$12
44 years$356$213$122$68$37$10
45 years$345$203$114$62$33$9
46 years$333$194$107$58$30$8
47 years$323$185$101$53$27$7
48 years$312$176$95$49$25$6
49 years$302$168$89$45$23$5
50 years$293$161$84$42$21$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $300,000, adding $6,819 every year, while hoping to spend $21,903 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: 56/30/14 Blend
67$300,000$300,000$300,000$300,000
68$337,634$321,734$317,084$354,951
69$348,768$314,194$304,401$359,935
70$360,303$305,551$290,560$362,388
71$372,258$295,727$275,498$364,552
72$384,652$284,641$259,150$366,406
73$397,504$272,205$241,449$367,924
74$410,835$258,330$222,324$369,081
75$424,669$242,917$201,701$369,850
76$439,031$225,865$179,503$370,202
77$453,944$207,065$155,649$370,107
78$469,439$186,403$130,055$369,536
79$485,543$163,758$102,633$368,454
80$502,288$139,002$73,292$366,829
81$519,710$112,001$41,935$364,625
82$537,843$82,612$8,462$361,804
83$556,727$50,684$0$358,330
84$576,404$16,059$0$358,234
85$596,919$0$0$359,016
86$618,321$0$0$366,461
87$640,662$0$0$379,772
88$663,999$0$0$393,682
89$688,394$0$0$408,230
90$713,911$0$0$423,454
91$740,623$0$0$439,400
92$768,607$0$0$456,113
93$797,948$0$0$473,647
94$828,736$0$0$492,055
95$861,070$0$0$511,399
96$895,059$0$0$531,744
97$930,818$0$0$553,163
98$968,475$0$0$575,732
99$1,008,169$0$0$599,537
100$1,050,050$0$0$624,670