Can I retire at age 68 with 403,000?

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 $403,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$33,279$32,983$32,694$32,411$32,136$31,721
2 years$16,475$16,168$15,871$15,582$15,303$14,886
3 years$10,874$10,566$10,269$9,984$9,709$9,302
4 years$8,074$7,767$7,474$7,193$6,924$6,531
5 years$6,395$6,090$5,800$5,525$5,264$4,885
6 years$5,276$4,973$4,687$4,418$4,165$3,802
7 years$4,476$4,176$3,895$3,632$3,387$3,039
8 years$3,877$3,580$3,303$3,047$2,810$2,477
9 years$3,412$3,117$2,845$2,595$2,366$2,049
10 years$3,039$2,747$2,480$2,237$2,016$1,714
11 years$2,735$2,446$2,184$1,947$1,734$1,446
12 years$2,481$2,195$1,938$1,708$1,503$1,229
13 years$2,267$1,984$1,731$1,508$1,310$1,051
14 years$2,083$1,803$1,556$1,338$1,149$903
15 years$1,924$1,647$1,405$1,194$1,011$778
16 years$1,785$1,511$1,273$1,069$894$674
17 years$1,663$1,392$1,159$960$793$585
18 years$1,554$1,286$1,058$865$705$509
19 years$1,457$1,192$968$782$628$443
20 years$1,370$1,108$889$708$561$387
21 years$1,291$1,032$817$643$502$339
22 years$1,219$963$753$584$450$297
23 years$1,154$901$696$532$404$260
24 years$1,094$844$643$485$363$228
25 years$1,039$792$596$443$327$201
26 years$988$744$553$405$294$176
27 years$942$701$513$371$265$155
28 years$898$660$477$340$239$137
29 years$858$623$444$312$216$120
30 years$820$588$414$286$195$106
31 years$785$556$386$263$177$94
32 years$752$526$360$241$160$82
33 years$722$498$336$222$145$73
34 years$693$472$314$204$131$64
35 years$666$448$293$188$119$57
36 years$640$425$274$173$107$50
37 years$616$404$257$160$97$44
38 years$593$384$241$147$88$39
39 years$571$365$225$136$80$34
40 years$551$347$211$125$73$30
41 years$532$330$198$115$66$27
42 years$513$315$186$107$60$24
43 years$496$300$174$98$54$21
44 years$479$286$164$91$49$19
45 years$463$273$154$84$45$16
46 years$448$260$144$77$41$14
47 years$433$248$136$72$37$13
48 years$419$237$127$66$33$11
49 years$406$226$120$61$30$10
50 years$393$216$113$56$28$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $403,000, adding $2,296 every year, while hoping to spend $22,784 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: 52/35/13 Blend
67$403,000$403,000$403,000$403,000
68$446,474$425,115$418,869$468,029
69$467,773$421,704$408,659$479,594
70$490,480$417,362$397,343$489,548
71$514,716$412,019$384,861$499,856
72$540,611$405,602$371,148$510,557
73$568,309$398,033$356,138$521,696
74$597,968$389,228$339,760$533,324
75$629,761$379,100$321,942$545,496
76$663,877$367,557$302,607$558,278
77$700,524$354,498$281,676$571,743
78$739,930$339,821$259,065$585,970
79$782,346$323,416$234,686$601,053
80$828,047$305,165$208,450$617,094
81$877,336$284,946$180,261$634,207
82$930,544$262,628$150,020$652,523
83$988,036$238,074$117,623$672,186
84$1,050,214$211,138$82,961$693,358
85$1,117,518$181,666$45,923$716,220
86$1,190,433$149,496$6,389$740,973
87$1,269,492$114,455$0$767,845
88$1,355,280$76,363$0$802,052
89$1,448,441$35,028$0$840,179
90$1,549,686$0$0$881,670
91$1,659,792$0$0$930,650
92$1,779,619$0$0$998,670
93$1,910,109$0$0$1,072,781
94$2,052,303$0$0$1,153,577
95$2,207,341$0$0$1,241,713
96$2,376,484$0$0$1,337,908
97$2,561,115$0$0$1,442,955
98$2,762,758$0$0$1,557,728
99$2,983,092$0$0$1,683,187
100$3,223,963$0$0$1,820,389