Can I retire at age 68 with 467,000?

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 $467,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$38,564$38,221$37,886$37,559$37,239$37,020
2 years$19,091$18,736$18,391$18,057$17,733$17,512
3 years$12,601$12,244$11,900$11,569$11,251$11,034
4 years$9,357$9,001$8,660$8,335$8,024$7,814
5 years$7,410$7,057$6,721$6,402$6,100$5,897
6 years$6,113$5,762$5,431$5,120$4,826$4,631
7 years$5,187$4,839$4,514$4,209$3,925$3,738
8 years$4,493$4,148$3,828$3,531$3,256$3,076
9 years$3,953$3,612$3,297$3,008$2,742$2,570
10 years$3,522$3,183$2,874$2,593$2,337$2,172
11 years$3,169$2,834$2,531$2,256$2,010$1,852
12 years$2,875$2,544$2,246$1,979$1,741$1,591
13 years$2,627$2,299$2,006$1,747$1,519$1,375
14 years$2,414$2,089$1,803$1,551$1,331$1,195
15 years$2,230$1,909$1,628$1,383$1,172$1,042
16 years$2,069$1,751$1,476$1,239$1,036$912
17 years$1,927$1,613$1,343$1,113$918$801
18 years$1,801$1,490$1,226$1,003$817$706
19 years$1,688$1,381$1,122$906$728$623
20 years$1,587$1,284$1,030$821$650$551
21 years$1,496$1,196$947$745$582$488
22 years$1,413$1,116$873$677$522$433
23 years$1,337$1,044$806$617$468$384
24 years$1,268$978$746$563$421$342
25 years$1,204$918$691$514$379$304
26 years$1,145$863$640$470$341$271
27 years$1,091$812$595$430$308$242
28 years$1,041$765$553$394$277$216
29 years$994$722$514$361$251$193
30 years$951$681$479$332$226$172
31 years$910$644$447$304$205$154
32 years$872$610$417$280$185$138
33 years$836$577$389$257$168$123
34 years$803$547$364$237$152$110
35 years$771$519$340$218$137$99
36 years$742$493$318$201$124$88
37 years$714$468$298$185$113$79
38 years$687$445$279$170$102$71
39 years$662$423$261$157$93$64
40 years$638$402$245$145$84$57
41 years$616$383$230$134$76$51
42 years$595$365$215$123$69$46
43 years$574$347$202$114$63$41
44 years$555$331$190$105$57$37
45 years$536$316$178$97$52$33
46 years$519$301$167$90$47$30
47 years$502$287$157$83$43$27
48 years$486$274$148$77$39$24
49 years$471$262$139$71$35$21
50 years$456$250$130$65$32$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $467,000, adding $2,540 every year, while hoping to spend $41,353 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: 64/12/24 Blend
67$467,000$467,000$467,000$467,000
68$517,254$492,503$485,265$546,963
69$526,015$472,636$457,522$547,451
70$534,283$450,410$427,463$543,139
71$541,965$425,666$394,968$537,495
72$548,956$398,234$359,910$530,394
73$555,139$367,936$322,157$521,697
74$560,383$334,586$281,569$511,254
75$564,544$297,982$238,004$498,903
76$567,460$257,916$191,309$484,466
77$568,951$214,164$141,328$467,750
78$568,818$166,492$87,897$448,543
79$566,839$114,652$30,843$426,615
80$562,769$58,382$0$401,716
81$556,334$0$0$381,266
82$547,231$0$0$366,544
83$535,126$0$0$357,396
84$519,647$0$0$345,848
85$500,382$0$0$331,610
86$476,875$0$0$314,360
87$448,622$0$0$293,742
88$415,066$0$0$269,362
89$375,588$0$0$240,782
90$329,506$0$0$207,522
91$276,066$0$0$169,049
92$214,433$0$0$124,772
93$143,684$0$0$74,041
94$62,802$0$0$16,136
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