Can I retire at age 68 with 475,000?

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 $475,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$39,225$38,876$38,535$38,202$37,877$37,670
2 years$19,418$19,057$18,706$18,366$18,037$17,828
3 years$12,817$12,454$12,104$11,768$11,443$11,239
4 years$9,517$9,155$8,809$8,478$8,161$7,963
5 years$7,537$7,178$6,836$6,512$6,204$6,013
6 years$6,218$5,861$5,524$5,208$4,909$4,725
7 years$5,276$4,922$4,591$4,281$3,992$3,815
8 years$4,570$4,219$3,893$3,592$3,312$3,142
9 years$4,021$3,673$3,353$3,059$2,789$2,626
10 years$3,582$3,238$2,924$2,637$2,377$2,220
11 years$3,223$2,883$2,574$2,295$2,044$1,895
12 years$2,925$2,587$2,284$2,013$1,771$1,629
13 years$2,672$2,338$2,041$1,777$1,545$1,409
14 years$2,456$2,125$1,834$1,578$1,354$1,224
15 years$2,268$1,941$1,656$1,407$1,192$1,069
16 years$2,104$1,781$1,501$1,260$1,054$937
17 years$1,960$1,640$1,366$1,132$934$823
18 years$1,832$1,516$1,247$1,020$831$725
19 years$1,717$1,405$1,141$922$740$641
20 years$1,614$1,306$1,048$835$661$567
21 years$1,521$1,216$964$758$592$503
22 years$1,437$1,135$888$689$530$446
23 years$1,360$1,062$820$627$476$397
24 years$1,289$995$758$572$428$353
25 years$1,225$933$702$523$385$315
26 years$1,165$877$651$478$347$280
27 years$1,110$826$605$437$313$250
28 years$1,059$778$562$401$282$224
29 years$1,011$734$523$367$255$200
30 years$967$693$487$337$230$179
31 years$926$655$454$310$208$160
32 years$887$620$424$285$188$143
33 years$851$587$396$262$170$128
34 years$817$556$370$241$154$115
35 years$785$528$346$222$140$103
36 years$754$501$323$204$127$92
37 years$726$476$303$188$115$83
38 years$699$452$284$173$104$74
39 years$674$430$266$160$94$66
40 years$649$409$249$147$86$60
41 years$626$389$233$136$78$53
42 years$605$371$219$126$70$48
43 years$584$353$206$116$64$43
44 years$564$337$193$107$58$39
45 years$546$321$181$99$53$35
46 years$528$306$170$91$48$31
47 years$511$292$160$84$43$28
48 years$494$279$150$78$39$25
49 years$479$267$141$72$36$23
50 years$464$255$133$67$33$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $475,000, adding $5,148 every year, while hoping to spend $30,547 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: 69/9/22 Blend
67$475,000$475,000$475,000$475,000
68$528,760$503,585$496,223$561,992
69$550,192$495,759$480,344$577,046
70$572,786$486,526$462,910$589,474
71$596,628$475,784$443,836$602,339
72$621,814$463,426$423,034$615,683
73$648,444$449,340$400,411$629,550
74$676,632$433,404$375,871$643,995
75$706,499$415,491$349,313$659,074
76$738,179$395,468$320,633$674,853
77$771,819$373,191$289,720$691,405
78$807,578$348,511$256,459$708,811
79$845,631$321,268$220,730$727,161
80$886,170$291,295$182,409$746,557
81$929,403$258,412$141,363$767,112
82$975,561$222,433$97,458$788,952
83$1,024,894$183,158$50,549$812,217
84$1,077,679$140,379$488$837,062
85$1,134,218$93,873$0$863,662
86$1,194,842$43,406$0$904,636
87$1,259,915$0$0$948,703
88$1,329,837$0$0$997,142
89$1,405,045$0$0$1,053,887
90$1,486,020$0$0$1,115,002
91$1,573,292$0$0$1,180,891
92$1,667,439$0$0$1,251,994
93$1,769,100$0$0$1,328,794
94$1,878,975$0$0$1,411,825
95$1,997,835$0$0$1,501,670
96$2,126,525$0$0$1,598,974
97$2,265,976$0$0$1,704,444
98$2,417,212$0$0$1,818,855
99$2,581,357$0$0$1,943,065
100$2,759,648$0$0$2,078,012