Can I retire at age 68 with 443,000?

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 $443,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$36,583$36,257$35,939$35,628$35,325$34,277
2 years$18,110$17,773$17,446$17,129$16,822$15,774
3 years$11,954$11,615$11,289$10,975$10,672$9,658
4 years$8,876$8,538$8,215$7,907$7,612$6,639
5 years$7,030$6,694$6,375$6,073$5,786$4,858
6 years$5,799$5,466$5,152$4,857$4,578$3,695
7 years$4,921$4,590$4,282$3,993$3,723$2,885
8 years$4,262$3,935$3,631$3,350$3,089$2,295
9 years$3,750$3,426$3,127$2,853$2,601$1,851
10 years$3,341$3,020$2,727$2,459$2,217$1,508
11 years$3,006$2,688$2,400$2,140$1,906$1,239
12 years$2,728$2,413$2,130$1,877$1,652$1,025
13 years$2,492$2,181$1,903$1,657$1,441$852
14 years$2,290$1,982$1,710$1,471$1,263$711
15 years$2,115$1,811$1,544$1,312$1,112$596
16 years$1,963$1,661$1,400$1,175$983$501
17 years$1,828$1,530$1,274$1,056$871$422
18 years$1,708$1,414$1,163$951$775$356
19 years$1,602$1,310$1,065$860$691$301
20 years$1,506$1,218$977$779$617$254
21 years$1,419$1,134$899$707$552$215
22 years$1,340$1,059$828$642$495$183
23 years$1,268$990$765$585$444$155
24 years$1,203$928$707$534$399$132
25 years$1,142$871$655$487$359$112
26 years$1,086$818$608$446$324$95
27 years$1,035$770$564$408$292$81
28 years$987$726$524$374$263$69
29 years$943$685$488$343$238$59
30 years$902$646$455$315$215$50
31 years$863$611$424$289$194$42
32 years$827$578$395$265$176$36
33 years$793$548$369$244$159$31
34 years$762$519$345$225$144$26
35 years$732$492$323$207$130$22
36 years$704$467$302$190$118$19
37 years$677$444$282$175$107$16
38 years$652$422$264$162$97$14
39 years$628$401$248$149$88$12
40 years$606$382$232$138$80$10
41 years$584$363$218$127$72$9
42 years$564$346$204$117$66$7
43 years$545$330$192$108$60$6
44 years$526$314$180$100$54$5
45 years$509$300$169$92$49$5
46 years$492$286$159$85$45$4
47 years$476$273$149$79$41$3
48 years$461$260$140$73$37$3
49 years$446$249$132$67$33$2
50 years$433$237$124$62$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $443,000, adding $5,167 every year, while hoping to spend $35,015 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: 30/44/26 Blend
67$443,000$443,000$443,000$443,000
68$493,516$470,037$463,170$504,241
69$506,599$455,813$441,431$498,751
70$519,843$439,718$417,789$489,420
71$533,227$421,625$392,146$478,676
72$546,727$401,396$364,394$466,422
73$560,317$378,888$334,425$452,551
74$573,965$353,949$302,123$436,953
75$587,634$326,417$267,369$419,509
76$601,283$296,122$230,037$400,093
77$614,867$262,885$189,996$378,573
78$628,332$226,516$147,110$354,805
79$641,620$186,812$101,236$328,640
80$654,662$143,563$52,224$299,917
81$667,385$96,545$0$268,467
82$679,702$45,519$0$234,131
83$691,519$0$0$212,157
84$702,730$0$0$192,611
85$713,215$0$0$194,826
86$722,843$0$0$196,719
87$731,464$0$0$198,238
88$738,914$0$0$199,328
89$745,008$0$0$199,927
90$749,541$0$0$199,965
91$752,286$0$0$199,366
92$752,990$0$0$198,044
93$751,370$0$0$195,905
94$747,114$0$0$192,845
95$739,876$0$0$188,746
96$729,272$0$0$183,481
97$714,874$0$0$176,906
98$696,211$0$0$168,864
99$672,760$0$0$159,180
100$643,941$0$0$147,660