Can I retire at age 68 with 349,000?

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 $349,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$28,820$28,563$28,313$28,068$27,830$27,597
2 years$14,267$14,002$13,744$13,494$13,252$13,017
3 years$9,417$9,150$8,893$8,646$8,408$8,178
4 years$6,992$6,726$6,472$6,229$5,996$5,774
5 years$5,538$5,274$5,023$4,784$4,558$4,344
6 years$4,569$4,306$4,059$3,826$3,607$3,401
7 years$3,877$3,616$3,373$3,146$2,933$2,735
8 years$3,358$3,100$2,861$2,639$2,434$2,244
9 years$2,955$2,699$2,464$2,248$2,049$1,868
10 years$2,632$2,379$2,148$1,938$1,746$1,573
11 years$2,368$2,118$1,891$1,686$1,502$1,336
12 years$2,149$1,901$1,678$1,479$1,301$1,144
13 years$1,963$1,718$1,499$1,306$1,135$985
14 years$1,804$1,562$1,347$1,159$995$852
15 years$1,667$1,426$1,216$1,034$876$740
16 years$1,546$1,309$1,103$926$774$645
17 years$1,440$1,205$1,004$832$686$565
18 years$1,346$1,114$916$749$610$495
19 years$1,262$1,032$839$677$544$435
20 years$1,186$959$770$613$486$383
21 years$1,118$893$708$557$435$338
22 years$1,056$834$652$506$390$298
23 years$999$780$602$461$350$264
24 years$947$731$557$420$314$234
25 years$900$686$516$384$283$207
26 years$856$645$479$351$255$184
27 years$815$607$444$321$230$163
28 years$778$572$413$294$207$145
29 years$743$539$384$270$187$129
30 years$710$509$358$248$169$114
31 years$680$481$334$228$153$102
32 years$652$456$312$209$138$91
33 years$625$431$291$192$125$81
34 years$600$409$272$177$113$72
35 years$576$388$254$163$103$64
36 years$554$368$238$150$93$57
37 years$533$350$222$138$84$51
38 years$514$332$208$127$76$45
39 years$495$316$195$117$69$40
40 years$477$301$183$108$63$36
41 years$460$286$172$100$57$32
42 years$444$273$161$92$52$29
43 years$429$260$151$85$47$26
44 years$415$247$142$79$43$23
45 years$401$236$133$73$39$20
46 years$388$225$125$67$35$18
47 years$375$215$117$62$32$16
48 years$363$205$110$57$29$14
49 years$352$196$104$53$26$13
50 years$341$187$98$49$24$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $349,000, adding $2,401 every year, while hoping to spend $27,679 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: 28/48/24 Blend
67$349,000$349,000$349,000$349,000
68$387,075$368,578$363,168$394,953
69$397,106$357,188$345,884$389,946
70$407,233$344,312$327,093$381,982
71$417,436$329,848$306,716$372,851
72$427,692$313,689$284,669$362,470
73$437,977$295,720$260,866$350,753
74$448,260$275,820$235,214$337,606
75$458,509$253,862$207,620$322,933
76$468,687$229,710$177,985$306,629
77$478,749$203,222$146,204$288,583
78$488,649$174,248$112,169$268,678
79$498,332$142,627$75,768$246,789
80$507,738$108,192$36,882$222,783
81$516,799$70,764$0$196,520
82$525,438$30,157$0$169,031
83$533,569$0$0$149,132
84$541,098$0$0$134,536
85$547,918$0$0$135,619
86$553,910$0$0$136,414
87$558,941$0$0$136,880
88$562,864$0$0$136,969
89$565,515$0$0$136,631
90$566,711$0$0$135,807
91$566,250$0$0$134,435
92$563,906$0$0$132,443
93$559,431$0$0$129,753
94$552,546$0$0$126,278
95$542,944$0$0$121,923
96$530,286$0$0$116,580
97$514,192$0$0$110,132
98$494,247$0$0$102,449
99$469,987$0$0$93,387
100$440,900$0$0$82,785