Can I retire at age 68 with 783,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$64,659$64,083$63,522$62,973$62,438$60,854
2 years$32,010$31,413$30,836$30,276$29,732$28,147
3 years$21,128$20,529$19,953$19,398$18,863$17,326
4 years$15,688$15,091$14,520$13,975$13,453$11,976
5 years$12,425$11,832$11,268$10,734$10,227$8,814
6 years$10,250$9,661$9,107$8,584$8,092$6,744
7 years$8,697$8,114$7,568$7,058$6,581$5,299
8 years$7,533$6,955$6,418$5,920$5,460$4,242
9 years$6,629$6,055$5,528$5,043$4,598$3,444
10 years$5,905$5,338$4,819$4,347$3,918$2,826
11 years$5,314$4,752$4,243$3,783$3,369$2,339
12 years$4,821$4,265$3,765$3,318$2,920$1,948
13 years$4,404$3,854$3,364$2,930$2,546$1,632
14 years$4,048$3,503$3,023$2,601$2,232$1,373
15 years$3,739$3,200$2,729$2,319$1,965$1,159
16 years$3,469$2,936$2,474$2,077$1,737$981
17 years$3,231$2,704$2,252$1,866$1,540$833
18 years$3,020$2,499$2,055$1,682$1,369$708
19 years$2,831$2,316$1,882$1,519$1,220$604
20 years$2,661$2,152$1,727$1,376$1,090$515
21 years$2,508$2,005$1,588$1,249$976$440
22 years$2,369$1,871$1,464$1,136$874$376
23 years$2,242$1,750$1,352$1,034$785$322
24 years$2,125$1,640$1,250$943$706$276
25 years$2,019$1,539$1,158$861$635$237
26 years$1,920$1,446$1,074$788$572$203
27 years$1,829$1,361$997$721$516$174
28 years$1,745$1,283$927$661$465$149
29 years$1,667$1,210$863$606$420$128
30 years$1,594$1,143$803$556$380$110
31 years$1,526$1,080$749$511$343$95
32 years$1,462$1,022$699$469$310$81
33 years$1,402$968$653$431$281$70
34 years$1,346$917$610$397$254$60
35 years$1,293$870$570$365$230$52
36 years$1,244$826$533$337$209$44
37 years$1,197$784$499$310$189$38
38 years$1,152$745$467$286$172$33
39 years$1,110$709$438$264$156$28
40 years$1,070$674$410$243$141$24
41 years$1,033$642$385$224$128$21
42 years$997$611$361$207$116$18
43 years$963$583$339$191$105$16
44 years$930$555$318$176$96$13
45 years$899$529$299$163$87$11
46 years$870$505$280$150$79$10
47 years$842$482$263$139$72$9
48 years$815$460$248$128$65$7
49 years$789$439$233$119$59$6
50 years$764$420$219$110$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $783,000, adding $2,196 every year, while hoping to spend $31,422 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: 37/34/29 Blend
67$783,000$783,000$783,000$783,000
68$865,131$823,632$811,496$889,577
69$919,942$830,557$805,248$914,812
70$979,290$836,769$797,738$939,043
71$1,043,605$842,198$788,890$964,621
72$1,113,360$846,773$778,625$991,690
73$1,189,075$850,417$766,860$1,020,409
74$1,271,319$853,046$753,509$1,050,956
75$1,360,723$854,575$738,481$1,083,530
76$1,457,978$854,910$721,682$1,118,350
77$1,563,844$853,953$703,010$1,155,663
78$1,679,159$851,599$682,364$1,195,740
79$1,804,844$847,738$659,634$1,238,886
80$1,941,912$842,252$634,706$1,285,439
81$2,091,481$835,016$607,462$1,335,772
82$2,254,777$825,896$577,777$1,390,303
83$2,433,153$814,754$545,521$1,449,494
84$2,628,098$801,441$510,560$1,513,858
85$2,841,251$785,798$472,750$1,583,965
86$3,074,415$767,658$431,943$1,660,447
87$3,329,577$746,846$387,986$1,744,003
88$3,608,926$723,173$340,715$1,835,412
89$3,914,870$696,442$289,963$1,935,534
90$4,250,062$666,443$235,552$2,045,324
91$4,617,424$632,954$177,298$2,165,837
92$5,020,172$595,741$115,009$2,298,246
93$5,461,853$554,554$48,484$2,443,847
94$5,946,367$509,133$0$2,604,074
95$6,478,015$459,200$0$2,787,482
96$7,061,533$404,460$0$3,005,327
97$7,702,137$344,606$0$3,244,605
98$8,405,572$279,309$0$3,507,544
99$9,178,169$208,224$0$3,796,600
100$10,026,900$130,985$0$4,114,484