Can I retire at age 68 with 455,000?

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 $455,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$37,573$37,239$36,912$36,594$36,282$35,711
2 years$18,601$18,254$17,919$17,593$17,277$16,703
3 years$12,277$11,929$11,595$11,272$10,961$10,402
4 years$9,116$8,769$8,438$8,121$7,818$7,278
5 years$7,220$6,875$6,548$6,238$5,943$5,424
6 years$5,956$5,614$5,292$4,988$4,702$4,205
7 years$5,054$4,715$4,398$4,101$3,824$3,349
8 years$4,378$4,041$3,729$3,440$3,173$2,718
9 years$3,852$3,519$3,212$2,930$2,672$2,239
10 years$3,431$3,102$2,800$2,526$2,277$1,865
11 years$3,088$2,761$2,465$2,198$1,958$1,567
12 years$2,801$2,478$2,188$1,928$1,697$1,326
13 years$2,559$2,240$1,955$1,702$1,480$1,128
14 years$2,352$2,036$1,756$1,511$1,297$965
15 years$2,173$1,860$1,586$1,348$1,142$828
16 years$2,016$1,706$1,438$1,207$1,009$713
17 years$1,878$1,571$1,308$1,084$895$616
18 years$1,755$1,452$1,194$977$796$533
19 years$1,645$1,346$1,093$883$709$462
20 years$1,546$1,251$1,003$800$633$402
21 years$1,457$1,165$923$726$567$349
22 years$1,376$1,087$851$660$508$304
23 years$1,303$1,017$785$601$456$266
24 years$1,235$953$726$548$410$232
25 years$1,173$894$673$501$369$203
26 years$1,116$840$624$458$332$177
27 years$1,063$791$579$419$300$155
28 years$1,014$745$539$384$270$136
29 years$969$703$501$352$244$119
30 years$926$664$467$323$221$104
31 years$887$628$435$297$199$91
32 years$850$594$406$273$180$80
33 years$815$562$379$251$163$70
34 years$782$533$354$231$148$62
35 years$752$506$331$212$134$54
36 years$723$480$310$196$121$47
37 years$695$456$290$180$110$42
38 years$670$433$272$166$100$37
39 years$645$412$254$153$90$32
40 years$622$392$239$141$82$28
41 years$600$373$224$130$74$25
42 years$579$355$210$120$67$22
43 years$559$338$197$111$61$19
44 years$541$323$185$103$56$17
45 years$523$308$174$95$50$15
46 years$505$294$163$87$46$13
47 years$489$280$153$81$42$11
48 years$473$267$144$75$38$10
49 years$459$255$135$69$34$9
50 years$444$244$127$64$31$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $455,000, adding $6,455 every year, while hoping to spend $33,614 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: 47/43/10 Blend
67$455,000$455,000$455,000$455,000
68$508,068$483,953$476,901$530,252
69$524,126$471,902$457,112$534,157
70$540,696$458,134$435,534$534,380
71$557,793$442,528$412,070$533,855
72$575,435$424,960$386,622$532,525
73$593,641$405,294$359,085$530,327
74$612,428$383,389$329,350$527,197
75$631,816$359,095$297,304$523,063
76$651,824$332,254$262,826$517,854
77$672,473$302,698$225,795$511,491
78$693,785$270,250$186,078$503,893
79$715,781$234,722$143,542$494,972
80$738,485$195,918$98,045$484,637
81$761,920$153,627$49,438$472,790
82$786,110$107,629$0$459,328
83$811,082$57,692$0$444,404
84$836,862$3,568$0$433,289
85$863,478$0$0$420,600
86$890,958$0$0$432,252
87$919,332$0$0$446,028
88$948,632$0$0$460,255
89$978,889$0$0$474,947
90$1,010,137$0$0$490,122
91$1,042,412$0$0$505,797
92$1,075,750$0$0$521,989
93$1,110,190$0$0$538,719
94$1,145,770$0$0$556,004
95$1,182,534$0$0$573,866
96$1,220,524$0$0$592,327
97$1,259,787$0$0$611,408
98$1,300,370$0$0$631,133
99$1,342,322$0$0$651,527
100$1,385,698$0$0$672,616