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%15.5%
1 years$64,412$63,838$63,278$62,732$62,198$60,793
2 years$31,887$31,293$30,718$30,160$29,618$28,210
3 years$21,047$20,450$19,876$19,323$18,791$17,424
4 years$15,628$15,033$14,465$13,921$13,402$12,087
5 years$12,377$11,786$11,225$10,693$10,188$8,928
6 years$10,211$9,624$9,072$8,551$8,061$6,858
7 years$8,664$8,082$7,539$7,031$6,556$5,409
8 years$7,505$6,928$6,393$5,898$5,439$4,348
9 years$6,603$6,032$5,507$5,024$4,580$3,545
10 years$5,882$5,317$4,801$4,330$3,903$2,922
11 years$5,293$4,734$4,227$3,769$3,356$2,429
12 years$4,803$4,249$3,751$3,306$2,909$2,032
13 years$4,388$3,839$3,351$2,918$2,536$1,710
14 years$4,032$3,490$3,011$2,591$2,223$1,446
15 years$3,725$3,188$2,719$2,310$1,958$1,226
16 years$3,456$2,925$2,465$2,069$1,730$1,043
17 years$3,219$2,694$2,243$1,859$1,534$890
18 years$3,008$2,489$2,047$1,675$1,364$761
19 years$2,820$2,307$1,874$1,514$1,216$652
20 years$2,651$2,144$1,720$1,371$1,086$559
21 years$2,498$1,997$1,582$1,244$972$480
22 years$2,359$1,864$1,458$1,131$871$413
23 years$2,233$1,743$1,346$1,030$782$356
24 years$2,117$1,633$1,245$940$703$306
25 years$2,011$1,533$1,153$858$632$264
26 years$1,913$1,441$1,070$785$570$228
27 years$1,822$1,356$993$718$514$197
28 years$1,738$1,278$923$658$463$170
29 years$1,660$1,205$859$603$418$147
30 years$1,588$1,138$800$554$378$127
31 years$1,520$1,076$746$509$342$109
32 years$1,456$1,018$696$467$309$95
33 years$1,397$964$650$430$280$82
34 years$1,341$914$607$395$253$71
35 years$1,288$867$568$364$229$61
36 years$1,239$823$531$335$208$53
37 years$1,192$781$497$309$188$46
38 years$1,148$743$466$285$171$40
39 years$1,106$706$436$263$155$34
40 years$1,066$672$409$242$141$30
41 years$1,029$639$383$223$127$26
42 years$993$609$360$206$116$22
43 years$959$580$337$190$105$19
44 years$927$553$317$176$95$17
45 years$896$527$297$162$87$14
46 years$867$503$279$150$79$12
47 years$839$480$262$139$71$11
48 years$812$458$247$128$65$9
49 years$786$438$232$118$59$8
50 years$762$418$218$109$53$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $780,000, adding $4,233 every year, while hoping to spend $24,276 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: 51/30/19 Blend
67$780,000$780,000$780,000$780,000
68$863,926$822,586$810,496$903,246
69$926,217$837,064$811,818$945,277
70$994,048$851,437$812,371$988,091
71$1,067,959$865,675$812,103$1,034,119
72$1,148,543$879,745$810,961$1,083,676
73$1,236,453$893,611$808,887$1,137,105
74$1,332,409$907,236$805,823$1,194,788
75$1,437,203$920,578$801,705$1,257,143
76$1,551,705$933,594$796,470$1,324,636
77$1,676,876$946,237$790,049$1,397,776
78$1,813,771$958,457$782,370$1,477,128
79$1,963,555$970,200$773,357$1,563,313
80$2,127,506$981,409$762,934$1,657,019
81$2,307,036$992,022$751,017$1,759,002
82$2,503,698$1,001,976$737,520$1,870,098
83$2,719,202$1,011,199$722,353$1,991,229
84$2,955,431$1,019,618$705,423$2,123,411
85$3,214,460$1,027,154$686,629$2,267,767
86$3,498,573$1,033,723$665,870$2,425,532
87$3,810,287$1,039,236$643,036$2,598,074
88$4,152,375$1,043,596$618,016$2,786,897
89$4,527,888$1,046,704$590,691$2,993,663
90$4,940,191$1,048,451$560,938$3,220,203
91$5,392,989$1,048,723$528,627$3,468,539
92$5,890,362$1,047,398$493,624$3,740,900
93$6,436,807$1,044,349$455,788$4,039,745
94$7,037,276$1,039,437$414,972$4,367,786
95$7,697,226$1,032,517$371,022$4,728,012
96$8,422,669$1,023,437$323,778$5,123,724
97$9,220,228$1,012,032$273,070$5,558,559
98$10,097,199$998,129$218,726$6,036,529
99$11,061,620$981,544$160,560$6,562,059
100$12,122,350$962,084$98,383$7,140,027