Can I retire at age 68 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$38,482$38,139$37,805$37,478$37,159$36,665
2 years$19,050$18,696$18,352$18,018$17,695$17,197
3 years$12,574$12,218$11,875$11,545$11,226$10,741
4 years$9,337$8,981$8,642$8,317$8,007$7,538
5 years$7,395$7,042$6,706$6,388$6,087$5,635
6 years$6,100$5,750$5,420$5,109$4,816$4,383
7 years$5,176$4,829$4,504$4,200$3,917$3,502
8 years$4,484$4,139$3,820$3,524$3,249$2,853
9 years$3,945$3,604$3,290$3,001$2,736$2,358
10 years$3,514$3,177$2,868$2,587$2,332$1,971
11 years$3,162$2,828$2,525$2,252$2,005$1,662
12 years$2,869$2,538$2,241$1,975$1,738$1,412
13 years$2,621$2,294$2,002$1,744$1,515$1,206
14 years$2,409$2,085$1,799$1,548$1,328$1,036
15 years$2,225$1,905$1,624$1,380$1,170$893
16 years$2,065$1,748$1,473$1,236$1,034$772
17 years$1,923$1,609$1,340$1,110$917$669
18 years$1,797$1,487$1,223$1,001$815$582
19 years$1,685$1,378$1,120$904$726$507
20 years$1,584$1,281$1,028$819$649$442
21 years$1,493$1,193$945$743$581$387
22 years$1,410$1,114$871$676$520$339
23 years$1,334$1,042$804$615$467$297
24 years$1,265$976$744$561$420$260
25 years$1,201$916$689$513$378$228
26 years$1,143$861$639$469$340$201
27 years$1,089$810$593$429$307$176
28 years$1,039$763$552$393$277$155
29 years$992$720$513$360$250$137
30 years$949$680$478$331$226$120
31 years$908$643$446$304$204$106
32 years$870$608$416$279$185$93
33 years$835$576$388$257$167$82
34 years$801$546$363$236$151$73
35 years$770$518$339$217$137$64
36 years$740$491$317$200$124$56
37 years$712$467$297$185$113$50
38 years$686$444$278$170$102$44
39 years$661$422$261$157$93$39
40 years$637$401$244$145$84$34
41 years$615$382$229$133$76$30
42 years$593$364$215$123$69$27
43 years$573$347$202$114$63$24
44 years$554$330$189$105$57$21
45 years$535$315$178$97$52$18
46 years$518$301$167$90$47$16
47 years$501$287$157$83$43$14
48 years$485$274$147$76$39$13
49 years$470$262$138$71$35$11
50 years$455$250$130$65$32$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $466,000, adding $6,165 every year, while hoping to spend $20,895 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: 77/13/10 Blend
67$466,000$466,000$466,000$466,000
68$519,891$495,193$487,970$558,548
69$550,688$497,226$482,085$586,873
70$583,926$498,657$475,303$614,633
71$619,831$499,437$467,570$644,471
72$658,654$499,509$458,834$676,587
73$700,668$498,816$449,036$711,198
74$746,175$497,297$438,118$748,547
75$795,506$494,886$426,016$788,898
76$849,025$491,512$412,665$832,546
77$907,133$487,104$397,996$879,812
78$970,270$481,581$381,939$931,054
79$1,038,921$474,863$364,417$986,662
80$1,113,620$466,860$345,354$1,047,070
81$1,194,954$457,480$324,668$1,112,754
82$1,283,567$446,624$302,272$1,184,240
83$1,380,170$434,189$278,078$1,262,108
84$1,485,546$420,063$251,992$1,346,997
85$1,600,556$404,129$223,917$1,439,611
86$1,726,146$386,265$193,752$1,540,727
87$1,863,359$366,339$161,389$1,651,201
88$2,013,345$344,212$126,719$1,771,977
89$2,177,366$319,739$89,624$1,904,097
90$2,356,816$292,765$49,985$2,048,707
91$2,553,226$263,125$7,675$2,207,072
92$2,768,285$230,648$0$2,380,589
93$3,003,850$195,150$0$2,574,794
94$3,261,969$156,439$0$2,788,517
95$3,544,896$114,310$0$3,022,823
96$3,855,112$68,548$0$3,279,790
97$4,195,353$18,926$0$3,561,706
98$4,568,629$0$0$3,871,095
99$4,978,258$0$0$4,215,713
100$5,427,893$0$0$4,596,978