Can I retire at age 68 with 311,000?

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 $311,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$25,682$25,453$25,230$25,012$24,800$24,239
2 years$12,714$12,477$12,248$12,025$11,809$11,248
3 years$8,392$8,154$7,925$7,705$7,492$6,947
4 years$6,231$5,994$5,767$5,551$5,344$4,819
5 years$4,935$4,699$4,476$4,264$4,062$3,560
6 years$4,071$3,837$3,617$3,410$3,214$2,734
7 years$3,455$3,223$3,006$2,803$2,614$2,157
8 years$2,992$2,762$2,549$2,352$2,169$1,734
9 years$2,633$2,405$2,196$2,003$1,826$1,414
10 years$2,345$2,120$1,914$1,727$1,556$1,165
11 years$2,111$1,887$1,685$1,503$1,338$968
12 years$1,915$1,694$1,496$1,318$1,160$810
13 years$1,749$1,531$1,336$1,164$1,011$682
14 years$1,608$1,392$1,201$1,033$886$576
15 years$1,485$1,271$1,084$921$781$489
16 years$1,378$1,166$983$825$690$416
17 years$1,283$1,074$894$741$612$355
18 years$1,199$993$816$668$544$303
19 years$1,124$920$747$603$485$260
20 years$1,057$855$686$547$433$223
21 years$996$796$631$496$387$192
22 years$941$743$581$451$347$165
23 years$890$695$537$411$312$142
24 years$844$651$497$375$280$122
25 years$802$611$460$342$252$105
26 years$763$574$426$313$227$91
27 years$727$541$396$286$205$78
28 years$693$509$368$262$185$68
29 years$662$481$343$241$167$58
30 years$633$454$319$221$151$50
31 years$606$429$298$203$136$44
32 years$581$406$278$186$123$38
33 years$557$384$259$171$112$33
34 years$535$364$242$158$101$28
35 years$514$346$226$145$92$24
36 years$494$328$212$134$83$21
37 years$475$312$198$123$75$18
38 years$458$296$186$114$68$16
39 years$441$282$174$105$62$14
40 years$425$268$163$97$56$12
41 years$410$255$153$89$51$10
42 years$396$243$143$82$46$9
43 years$382$231$135$76$42$8
44 years$370$221$126$70$38$7
45 years$357$210$119$65$34$6
46 years$346$201$111$60$31$5
47 years$334$191$105$55$28$4
48 years$324$183$98$51$26$4
49 years$313$175$92$47$23$3
50 years$304$167$87$44$21$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $311,000, adding $5,509 every year, while hoping to spend $24,018 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: 86/9/5 Blend
67$311,000$311,000$311,000$311,000
68$348,405$331,922$327,101$377,897
69$358,387$322,631$312,504$388,656
70$368,582$312,080$296,613$396,576
71$378,987$300,181$279,359$404,501
72$389,597$286,843$260,671$412,411
73$400,406$271,968$240,473$420,290
74$411,406$255,453$218,687$428,115
75$422,588$237,189$195,232$435,864
76$433,941$217,060$170,021$443,511
77$445,451$194,945$142,965$451,028
78$457,104$170,714$113,972$458,382
79$468,882$144,232$82,942$465,540
80$480,763$115,354$49,776$472,463
81$492,723$83,930$14,367$479,108
82$504,736$49,797$0$485,428
83$516,769$12,787$0$492,622
84$528,787$0$0$500,281
85$540,749$0$0$510,285
86$552,609$0$0$521,455
87$564,315$0$0$532,478
88$575,808$0$0$543,297
89$587,023$0$0$553,849
90$597,884$0$0$564,064
91$608,309$0$0$573,863
92$618,205$0$0$583,159
93$627,467$0$0$591,851
94$635,980$0$0$599,830
95$643,613$0$0$606,973
96$650,222$0$0$613,142
97$655,645$0$0$618,184
98$659,703$0$0$621,930
99$662,197$0$0$624,189
100$662,903$0$0$624,752