Can I retire at age 68 with 396,000?

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 $396,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$32,701$32,410$32,126$31,848$31,578$31,144
2 years$16,189$15,887$15,595$15,312$15,037$14,601
3 years$10,685$10,383$10,091$9,810$9,540$9,115
4 years$7,934$7,632$7,344$7,068$6,804$6,394
5 years$6,284$5,984$5,699$5,429$5,172$4,777
6 years$5,184$4,886$4,606$4,341$4,093$3,714
7 years$4,399$4,103$3,827$3,569$3,328$2,966
8 years$3,810$3,517$3,246$2,994$2,761$2,415
9 years$3,352$3,063$2,796$2,550$2,325$1,995
10 years$2,986$2,699$2,437$2,198$1,981$1,666
11 years$2,687$2,403$2,146$1,913$1,704$1,404
12 years$2,438$2,157$1,904$1,678$1,477$1,192
13 years$2,228$1,949$1,701$1,482$1,288$1,018
14 years$2,047$1,772$1,529$1,315$1,129$873
15 years$1,891$1,619$1,380$1,173$994$752
16 years$1,754$1,485$1,251$1,050$878$650
17 years$1,634$1,368$1,139$944$779$563
18 years$1,527$1,264$1,039$850$693$489
19 years$1,432$1,171$952$768$617$426
20 years$1,346$1,088$873$696$551$371
21 years$1,268$1,014$803$632$493$324
22 years$1,198$946$740$574$442$284
23 years$1,134$885$684$523$397$248
24 years$1,075$829$632$477$357$218
25 years$1,021$778$586$436$321$191
26 years$971$731$543$398$289$168
27 years$925$688$504$365$261$147
28 years$883$649$469$334$235$129
29 years$843$612$436$306$212$114
30 years$806$578$406$281$192$100
31 years$772$546$379$258$174$88
32 years$739$517$353$237$157$78
33 years$709$490$330$218$142$68
34 years$681$464$308$201$129$60
35 years$654$440$288$185$117$53
36 years$629$418$270$170$106$47
37 years$605$397$252$157$96$41
38 years$583$377$236$145$87$36
39 years$562$358$221$133$79$32
40 years$541$341$208$123$71$28
41 years$522$325$195$113$65$25
42 years$504$309$183$105$59$22
43 years$487$295$171$97$53$19
44 years$471$281$161$89$48$17
45 years$455$268$151$82$44$15
46 years$440$255$142$76$40$13
47 years$426$244$133$70$36$12
48 years$412$233$125$65$33$10
49 years$399$222$118$60$30$9
50 years$387$212$111$56$27$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $396,000, adding $6,459 every year, while hoping to spend $27,767 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: 69/16/15 Blend
67$396,000$396,000$396,000$396,000
68$443,054$422,066$415,928$471,654
69$458,702$413,204$400,318$482,659
70$475,015$402,976$383,254$490,779
71$492,032$391,288$364,659$498,953
72$509,795$378,036$344,450$507,185
73$528,348$363,114$322,543$515,477
74$547,740$346,407$298,849$523,833
75$568,023$327,795$273,274$532,257
76$589,254$307,149$245,722$540,758
77$611,495$284,336$216,090$549,343
78$634,811$259,212$184,273$558,022
79$659,275$231,627$150,159$566,808
80$684,966$201,421$113,634$575,716
81$711,968$168,426$74,576$584,764
82$740,374$132,465$32,860$593,973
83$770,284$93,348$0$603,367
84$801,809$50,878$0$614,842
85$835,067$4,845$0$632,298
86$870,190$0$0$650,534
87$907,318$0$0$677,534
88$946,606$0$0$707,019
89$988,225$0$0$738,263
90$1,032,358$0$0$771,406
91$1,079,207$0$0$806,602
92$1,128,994$0$0$844,018
93$1,181,961$0$0$883,837
94$1,238,370$0$0$926,260
95$1,298,513$0$0$971,508
96$1,362,706$0$0$1,019,819
97$1,431,297$0$0$1,071,459
98$1,504,666$0$0$1,126,716
99$1,583,231$0$0$1,185,907
100$1,667,450$0$0$1,249,380