Can I retire at age 68 with 451,000?

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 $451,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$37,243$36,911$36,588$36,272$35,963$35,707
2 years$18,437$18,094$17,761$17,438$17,125$16,867
3 years$12,169$11,825$11,493$11,173$10,865$10,612
4 years$9,036$8,692$8,364$8,049$7,749$7,504
5 years$7,157$6,815$6,491$6,183$5,891$5,654
6 years$5,904$5,565$5,245$4,944$4,661$4,433
7 years$5,010$4,673$4,359$4,065$3,791$3,572
8 years$4,339$4,006$3,697$3,410$3,145$2,935
9 years$3,818$3,488$3,184$2,905$2,648$2,447
10 years$3,401$3,074$2,776$2,504$2,257$2,064
11 years$3,061$2,737$2,444$2,179$1,941$1,757
12 years$2,777$2,457$2,169$1,911$1,682$1,507
13 years$2,537$2,220$1,938$1,687$1,467$1,300
14 years$2,331$2,018$1,741$1,498$1,286$1,127
15 years$2,154$1,843$1,572$1,336$1,132$981
16 years$1,998$1,691$1,425$1,196$1,000$857
17 years$1,861$1,558$1,297$1,075$887$751
18 years$1,739$1,439$1,184$969$789$660
19 years$1,631$1,334$1,084$875$703$581
20 years$1,533$1,240$995$793$628$513
21 years$1,444$1,155$915$719$562$453
22 years$1,364$1,078$843$654$504$401
23 years$1,291$1,008$779$596$452$356
24 years$1,224$944$720$543$406$316
25 years$1,163$886$667$496$366$280
26 years$1,106$833$618$454$329$249
27 years$1,054$784$574$415$297$222
28 years$1,005$739$534$380$268$197
29 years$960$697$497$349$242$176
30 years$918$658$463$320$219$157
31 years$879$622$431$294$198$140
32 years$842$589$403$270$179$125
33 years$808$557$376$249$162$111
34 years$775$528$351$229$147$99
35 years$745$501$328$210$133$89
36 years$716$476$307$194$120$79
37 years$689$452$287$179$109$71
38 years$664$429$269$165$99$63
39 years$640$408$252$152$90$57
40 years$617$388$236$140$81$51
41 years$595$370$222$129$74$45
42 years$574$352$208$119$67$40
43 years$555$336$195$110$61$36
44 years$536$320$183$102$55$32
45 years$518$305$172$94$50$29
46 years$501$291$162$87$45$26
47 years$485$278$152$80$41$23
48 years$469$265$143$74$37$21
49 years$455$253$134$68$34$19
50 years$440$242$126$63$31$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $451,000, adding $4,130 every year, while hoping to spend $20,495 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: 81/14/5 Blend
67$451,000$451,000$451,000$451,000
68$501,262$477,359$470,369$541,459
69$530,584$478,943$464,319$569,929
70$562,210$479,918$457,381$598,007
71$596,354$480,232$449,501$628,187
72$633,249$479,831$440,626$660,670
73$673,154$478,655$430,701$695,673
74$716,351$476,645$419,665$733,437
75$763,153$473,734$407,457$774,228
76$813,900$469,854$394,013$818,337
77$868,971$464,929$379,265$866,086
78$928,778$458,883$363,143$917,831
79$993,778$451,632$345,572$973,961
80$1,064,471$443,090$326,477$1,034,907
81$1,141,408$433,163$305,775$1,101,143
82$1,225,197$421,753$283,383$1,173,192
83$1,316,504$408,755$259,213$1,251,631
84$1,416,063$394,061$233,174$1,337,093
85$1,524,684$377,552$205,167$1,430,278
86$1,643,257$359,107$175,095$1,531,958
87$1,772,759$338,593$142,851$1,642,982
88$1,914,271$315,875$108,327$1,764,287
89$2,068,978$290,804$71,408$1,896,905
90$2,238,189$263,228$31,974$2,041,975
91$2,423,341$232,983$0$2,200,749
92$2,626,020$199,898$0$2,375,152
93$2,847,970$163,789$0$2,568,021
94$3,091,113$124,465$0$2,779,338
95$3,357,566$81,723$0$3,010,960
96$3,649,658$35,347$0$3,264,938
97$3,969,956$0$0$3,543,528
98$4,321,288$0$0$3,851,512
99$4,706,767$0$0$4,195,417
100$5,129,824$0$0$4,572,859