Can I retire at age 68 with 303,000?

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 $303,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$25,021$24,799$24,581$24,369$24,162$23,463
2 years$12,387$12,156$11,933$11,716$11,506$10,808
3 years$8,176$7,944$7,721$7,506$7,300$6,624
4 years$6,071$5,840$5,619$5,408$5,206$4,558
5 years$4,808$4,578$4,361$4,154$3,958$3,338
6 years$3,967$3,739$3,524$3,322$3,132$2,542
7 years$3,366$3,140$2,928$2,731$2,547$1,987
8 years$2,915$2,691$2,484$2,291$2,113$1,582
9 years$2,565$2,343$2,139$1,951$1,779$1,278
10 years$2,285$2,065$1,865$1,682$1,516$1,043
11 years$2,056$1,839$1,642$1,464$1,304$858
12 years$1,866$1,650$1,457$1,284$1,130$710
13 years$1,704$1,491$1,302$1,134$985$591
14 years$1,566$1,356$1,170$1,006$864$494
15 years$1,447$1,238$1,056$897$760$415
16 years$1,342$1,136$957$804$672$349
17 years$1,250$1,046$871$722$596$294
18 years$1,169$967$795$651$530$249
19 years$1,095$896$728$588$472$210
20 years$1,030$833$668$533$422$178
21 years$970$776$615$483$378$151
22 years$917$724$566$439$338$128
23 years$867$677$523$400$304$109
24 years$822$635$484$365$273$93
25 years$781$595$448$333$246$79
26 years$743$560$416$305$221$67
27 years$708$527$386$279$200$57
28 years$675$496$359$256$180$49
29 years$645$468$334$234$163$42
30 years$617$442$311$215$147$36
31 years$590$418$290$198$133$30
32 years$566$396$270$182$120$26
33 years$543$375$253$167$109$22
34 years$521$355$236$154$98$19
35 years$500$337$221$141$89$16
36 years$481$320$206$130$81$14
37 years$463$304$193$120$73$12
38 years$446$288$181$111$66$10
39 years$430$274$169$102$60$9
40 years$414$261$159$94$55$7
41 years$400$248$149$87$50$6
42 years$386$237$140$80$45$5
43 years$373$225$131$74$41$5
44 years$360$215$123$68$37$4
45 years$348$205$116$63$34$3
46 years$337$195$109$58$31$3
47 years$326$187$102$54$28$2
48 years$315$178$96$50$25$2
49 years$305$170$90$46$23$2
50 years$296$162$85$42$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $303,000, adding $4,898 every year, while hoping to spend $22,861 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: 71/5/24 Blend
67$303,000$303,000$303,000$303,000
68$338,958$322,899$318,203$360,652
69$349,208$314,397$304,539$367,272
70$359,737$304,713$289,651$371,373
71$370,550$293,763$273,473$375,312
72$381,650$281,462$255,939$379,070
73$393,042$267,717$236,976$382,628
74$404,728$252,431$216,511$385,966
75$416,712$235,501$194,465$389,060
76$428,995$216,819$170,758$391,887
77$441,579$196,270$145,305$394,420
78$454,464$173,731$118,017$396,633
79$467,651$149,076$88,802$398,495
80$481,138$122,167$57,564$399,974
81$494,923$92,862$24,201$401,037
82$509,002$61,010$0$401,646
83$523,371$26,450$0$404,683
84$538,023$0$0$413,988
85$552,949$0$0$423,945
86$568,139$0$0$435,557
87$583,580$0$0$447,356
88$599,257$0$0$459,331
89$615,153$0$0$471,467
90$631,244$0$0$483,747
91$647,508$0$0$496,152
92$663,914$0$0$508,659
93$680,430$0$0$521,242
94$697,018$0$0$533,870
95$713,635$0$0$546,508
96$730,230$0$0$559,119
97$746,747$0$0$571,658
98$763,124$0$0$584,074
99$779,287$0$0$596,311
100$795,157$0$0$608,304