Can I retire at age 68 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$37,656$37,321$36,993$36,674$36,362$35,730
2 years$18,642$18,294$17,958$17,632$17,315$16,681
3 years$12,304$11,956$11,620$11,297$10,986$10,368
4 years$9,136$8,789$8,456$8,139$7,835$7,239
5 years$7,236$6,890$6,562$6,251$5,956$5,384
6 years$5,969$5,627$5,303$4,999$4,713$4,165
7 years$5,065$4,725$4,407$4,110$3,833$3,309
8 years$4,387$4,050$3,738$3,448$3,180$2,680
9 years$3,860$3,527$3,219$2,937$2,678$2,202
10 years$3,439$3,108$2,807$2,532$2,282$1,830
11 years$3,094$2,767$2,471$2,203$1,962$1,534
12 years$2,808$2,484$2,193$1,933$1,700$1,294
13 years$2,565$2,245$1,959$1,706$1,483$1,098
14 years$2,357$2,040$1,760$1,515$1,300$937
15 years$2,177$1,864$1,589$1,351$1,144$802
16 years$2,020$1,710$1,441$1,209$1,011$689
17 years$1,882$1,575$1,311$1,087$897$593
18 years$1,759$1,455$1,197$979$797$512
19 years$1,649$1,349$1,096$885$711$443
20 years$1,550$1,253$1,006$801$635$383
21 years$1,460$1,167$925$727$568$333
22 years$1,379$1,090$853$661$509$289
23 years$1,305$1,019$787$602$457$251
24 years$1,238$955$728$549$411$219
25 years$1,176$896$674$502$370$190
26 years$1,118$842$625$459$333$166
27 years$1,065$793$581$420$300$145
28 years$1,016$747$540$385$271$126
29 years$971$705$502$353$245$110
30 years$928$665$468$324$221$96
31 years$889$629$436$297$200$84
32 years$851$595$407$273$181$73
33 years$817$564$380$251$164$64
34 years$784$534$355$231$148$56
35 years$753$507$332$213$134$49
36 years$724$481$311$196$122$43
37 years$697$457$291$181$110$38
38 years$671$434$272$166$100$33
39 years$647$413$255$153$91$29
40 years$623$393$239$142$82$25
41 years$601$374$224$131$75$22
42 years$581$356$210$121$68$19
43 years$561$339$197$111$61$17
44 years$542$323$185$103$56$15
45 years$524$308$174$95$51$13
46 years$507$294$163$88$46$11
47 years$490$281$153$81$42$10
48 years$475$268$144$75$38$9
49 years$460$256$136$69$34$8
50 years$445$244$127$64$31$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $456,000, adding $3,182 every year, while hoping to spend $21,167 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: 41/33/26 Blend
67$456,000$456,000$456,000$456,000
68$505,794$481,626$474,558$522,552
69$534,864$482,704$467,934$536,001
70$566,189$483,126$460,379$548,317
71$599,977$482,836$451,839$561,237
72$636,458$481,778$442,258$574,829
73$675,880$479,889$431,578$589,169
74$718,521$477,104$419,736$604,343
75$764,682$473,354$406,670$620,445
76$814,697$468,567$392,311$637,585
77$868,933$462,663$376,590$655,880
78$927,791$455,560$359,433$675,465
79$991,715$447,172$340,763$696,489
80$1,061,192$437,405$320,500$719,119
81$1,136,757$426,162$298,561$743,540
82$1,219,001$413,339$274,858$769,960
83$1,308,572$398,825$249,298$798,609
84$1,406,185$382,506$221,788$829,743
85$1,512,624$364,257$192,226$863,649
86$1,628,754$343,948$160,508$900,644
87$1,755,528$321,443$126,526$941,081
88$1,893,993$296,595$90,166$985,353
89$2,045,303$269,250$51,309$1,033,896
90$2,210,727$239,247$9,831$1,087,194
91$2,391,664$206,412$0$1,145,784
92$2,589,652$170,565$0$1,219,817
93$2,806,388$131,514$0$1,303,931
94$3,043,737$89,056$0$1,396,171
95$3,303,756$42,977$0$1,497,390
96$3,588,707$0$0$1,608,534
97$3,901,085$0$0$1,733,167
98$4,243,634$0$0$1,887,011
99$4,619,380$0$0$2,055,824
100$5,031,653$0$0$2,241,111