Can I retire at age 68 with 780,000?

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 $780,000?

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$64,412$63,838$63,278$62,732$62,198$61,858
2 years$31,887$31,293$30,718$30,160$29,618$29,275
3 years$21,047$20,450$19,876$19,323$18,791$18,455
4 years$15,628$15,033$14,465$13,921$13,402$13,076
5 years$12,377$11,786$11,225$10,693$10,188$9,874
6 years$10,211$9,624$9,072$8,551$8,061$7,758
7 years$8,664$8,082$7,539$7,031$6,556$6,265
8 years$7,505$6,928$6,393$5,898$5,439$5,159
9 years$6,603$6,032$5,507$5,024$4,580$4,312
10 years$5,882$5,317$4,801$4,330$3,903$3,646
11 years$5,293$4,734$4,227$3,769$3,356$3,111
12 years$4,803$4,249$3,751$3,306$2,909$2,674
13 years$4,388$3,839$3,351$2,918$2,536$2,313
14 years$4,032$3,490$3,011$2,591$2,223$2,011
15 years$3,725$3,188$2,719$2,310$1,958$1,755
16 years$3,456$2,925$2,465$2,069$1,730$1,538
17 years$3,219$2,694$2,243$1,859$1,534$1,352
18 years$3,008$2,489$2,047$1,675$1,364$1,191
19 years$2,820$2,307$1,874$1,514$1,216$1,052
20 years$2,651$2,144$1,720$1,371$1,086$931
21 years$2,498$1,997$1,582$1,244$972$825
22 years$2,359$1,864$1,458$1,131$871$733
23 years$2,233$1,743$1,346$1,030$782$651
24 years$2,117$1,633$1,245$940$703$580
25 years$2,011$1,533$1,153$858$632$516
26 years$1,913$1,441$1,070$785$570$461
27 years$1,822$1,356$993$718$514$411
28 years$1,738$1,278$923$658$463$367
29 years$1,660$1,205$859$603$418$328
30 years$1,588$1,138$800$554$378$293
31 years$1,520$1,076$746$509$342$263
32 years$1,456$1,018$696$467$309$235
33 years$1,397$964$650$430$280$210
34 years$1,341$914$607$395$253$188
35 years$1,288$867$568$364$229$169
36 years$1,239$823$531$335$208$151
37 years$1,192$781$497$309$188$136
38 years$1,148$743$466$285$171$122
39 years$1,106$706$436$263$155$109
40 years$1,066$672$409$242$141$98
41 years$1,029$639$383$223$127$88
42 years$993$609$360$206$116$79
43 years$959$580$337$190$105$71
44 years$927$553$317$176$95$63
45 years$896$527$297$162$87$57
46 years$867$503$279$150$79$51
47 years$839$480$262$139$71$46
48 years$812$458$247$128$65$41
49 years$786$438$232$118$59$37
50 years$762$418$218$109$53$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $780,000, adding $3,313 every year, while hoping to spend $29,014 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: 29/42/29 Blend
67$780,000$780,000$780,000$780,000
68$862,977$821,637$809,547$880,216
69$920,130$831,027$805,797$903,547
70$982,141$839,904$800,948$925,880
71$1,049,473$848,213$794,933$949,316
72$1,122,638$855,895$787,683$973,972
73$1,202,199$862,886$779,122$999,976
74$1,288,775$869,118$769,174$1,027,474
75$1,383,045$874,521$757,756$1,056,627
76$1,485,760$879,016$744,786$1,087,616
77$1,597,744$882,524$730,172$1,120,642
78$1,719,903$884,958$713,822$1,155,928
79$1,853,238$886,225$695,640$1,193,725
80$1,998,846$886,228$675,522$1,234,309
81$2,157,939$884,864$653,362$1,277,991
82$2,331,848$882,021$629,049$1,325,115
83$2,522,041$877,585$602,467$1,376,062
84$2,730,132$871,429$573,493$1,431,258
85$2,957,900$863,424$541,999$1,491,174
86$3,207,303$853,429$507,854$1,556,337
87$3,480,498$841,297$470,917$1,627,327
88$3,779,859$826,871$431,043$1,704,792
89$4,108,003$809,986$388,080$1,789,449
90$4,467,808$790,464$341,870$1,882,094
91$4,862,449$768,121$292,247$1,983,608
92$5,295,419$742,759$239,038$2,094,970
93$5,770,568$714,170$182,061$2,217,265
94$6,292,134$682,134$121,129$2,351,692
95$6,864,789$646,415$56,044$2,499,584
96$7,493,677$606,769$0$2,662,414
97$8,184,465$562,934$0$2,845,964
98$8,943,396$514,633$0$3,066,667
99$9,777,347$461,575$0$3,309,232
100$10,693,896$403,451$0$3,575,943