Can I retire at age 68 with 447,000?

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 $447,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$36,913$36,584$36,263$35,950$35,644$35,054
2 years$18,274$17,933$17,604$17,284$16,974$16,380
3 years$12,061$11,720$11,391$11,074$10,769$10,191
4 years$8,956$8,615$8,289$7,978$7,680$7,123
5 years$7,093$6,754$6,433$6,128$5,838$5,303
6 years$5,852$5,515$5,199$4,901$4,620$4,107
7 years$4,965$4,632$4,320$4,029$3,757$3,267
8 years$4,301$3,970$3,664$3,380$3,117$2,649
9 years$3,784$3,457$3,156$2,879$2,625$2,179
10 years$3,371$3,047$2,751$2,482$2,237$1,813
11 years$3,033$2,713$2,422$2,160$1,923$1,521
12 years$2,752$2,435$2,150$1,894$1,667$1,285
13 years$2,514$2,200$1,921$1,672$1,454$1,092
14 years$2,311$2,000$1,726$1,485$1,274$933
15 years$2,135$1,827$1,558$1,324$1,122$800
16 years$1,980$1,676$1,413$1,186$992$688
17 years$1,845$1,544$1,285$1,065$879$593
18 years$1,724$1,427$1,173$960$782$513
19 years$1,616$1,322$1,074$867$697$444
20 years$1,519$1,229$986$786$622$385
21 years$1,432$1,144$907$713$557$335
22 years$1,352$1,068$836$648$499$291
23 years$1,280$999$772$590$448$253
24 years$1,213$936$714$538$403$221
25 years$1,152$878$661$492$362$193
26 years$1,096$826$613$450$326$168
27 years$1,044$777$569$412$294$147
28 years$996$732$529$377$266$128
29 years$952$691$492$346$240$112
30 years$910$652$459$317$217$98
31 years$871$617$428$291$196$86
32 years$835$583$399$268$177$75
33 years$801$553$373$246$160$66
34 years$768$524$348$227$145$58
35 years$738$497$325$209$132$51
36 years$710$471$304$192$119$44
37 years$683$448$285$177$108$39
38 years$658$426$267$163$98$34
39 years$634$405$250$150$89$30
40 years$611$385$234$139$81$26
41 years$590$366$220$128$73$23
42 years$569$349$206$118$66$20
43 years$550$333$193$109$60$18
44 years$531$317$182$101$55$15
45 years$513$302$170$93$50$14
46 years$497$288$160$86$45$12
47 years$481$275$150$79$41$10
48 years$465$263$141$73$37$9
49 years$450$251$133$68$34$8
50 years$436$240$125$63$31$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $447,000, adding $4,841 every year, while hoping to spend $40,655 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: 75/5/20 Blend
67$447,000$447,000$447,000$447,000
68$497,587$473,896$466,968$532,207
69$505,085$453,861$439,355$535,777
70$511,984$431,481$409,454$534,242
71$518,182$406,599$377,146$531,502
72$523,562$379,048$342,306$527,426
73$527,995$348,651$304,803$521,872
74$531,339$315,222$264,502$514,684
75$533,431$278,565$221,259$505,689
76$534,097$238,469$174,926$494,699
77$533,137$194,717$125,348$481,508
78$530,332$147,074$72,363$465,889
79$525,441$95,295$15,802$447,594
80$518,192$39,121$0$426,349
81$508,288$0$0$411,364
82$495,396$0$0$398,213
83$479,151$0$0$384,432
84$459,144$0$0$367,532
85$434,928$0$0$347,141
86$406,003$0$0$322,846
87$371,819$0$0$294,193
88$331,768$0$0$260,677
89$285,174$0$0$221,741
90$231,295$0$0$176,770
91$169,306$0$0$125,084
92$98,299$0$0$65,928
93$17,269$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0