Can I retire at age 68 with 783,000?

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 $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%11.8%
1 years$64,659$64,083$63,522$62,973$62,438$61,966
2 years$32,010$31,413$30,836$30,276$29,732$29,257
3 years$21,128$20,529$19,953$19,398$18,863$18,399
4 years$15,688$15,091$14,520$13,975$13,453$13,004
5 years$12,425$11,832$11,268$10,734$10,227$9,793
6 years$10,250$9,661$9,107$8,584$8,092$7,674
7 years$8,697$8,114$7,568$7,058$6,581$6,180
8 years$7,533$6,955$6,418$5,920$5,460$5,075
9 years$6,629$6,055$5,528$5,043$4,598$4,229
10 years$5,905$5,338$4,819$4,347$3,918$3,565
11 years$5,314$4,752$4,243$3,783$3,369$3,033
12 years$4,821$4,265$3,765$3,318$2,920$2,599
13 years$4,404$3,854$3,364$2,930$2,546$2,241
14 years$4,048$3,503$3,023$2,601$2,232$1,941
15 years$3,739$3,200$2,729$2,319$1,965$1,689
16 years$3,469$2,936$2,474$2,077$1,737$1,475
17 years$3,231$2,704$2,252$1,866$1,540$1,292
18 years$3,020$2,499$2,055$1,682$1,369$1,134
19 years$2,831$2,316$1,882$1,519$1,220$998
20 years$2,661$2,152$1,727$1,376$1,090$880
21 years$2,508$2,005$1,588$1,249$976$777
22 years$2,369$1,871$1,464$1,136$874$688
23 years$2,242$1,750$1,352$1,034$785$609
24 years$2,125$1,640$1,250$943$706$540
25 years$2,019$1,539$1,158$861$635$479
26 years$1,920$1,446$1,074$788$572$426
27 years$1,829$1,361$997$721$516$378
28 years$1,745$1,283$927$661$465$337
29 years$1,667$1,210$863$606$420$300
30 years$1,594$1,143$803$556$380$267
31 years$1,526$1,080$749$511$343$238
32 years$1,462$1,022$699$469$310$212
33 years$1,402$968$653$431$281$189
34 years$1,346$917$610$397$254$169
35 years$1,293$870$570$365$230$150
36 years$1,244$826$533$337$209$134
37 years$1,197$784$499$310$189$120
38 years$1,152$745$467$286$172$107
39 years$1,110$709$438$264$156$96
40 years$1,070$674$410$243$141$85
41 years$1,033$642$385$224$128$76
42 years$997$611$361$207$116$68
43 years$963$583$339$191$105$61
44 years$930$555$318$176$96$54
45 years$899$529$299$163$87$49
46 years$870$505$280$150$79$43
47 years$842$482$263$139$72$39
48 years$815$460$248$128$65$35
49 years$789$439$233$119$59$31
50 years$764$420$219$110$54$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $783,000, adding $2,792 every year, while hoping to spend $32,779 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: 33/49/18 Blend
67$783,000$783,000$783,000$783,000
68$865,746$824,247$812,110$889,402
69$919,175$829,758$804,440$912,643
70$976,956$834,441$795,413$934,453
71$1,039,497$838,221$784,951$957,266
72$1,107,249$841,016$772,969$981,186
73$1,180,705$842,743$759,381$1,006,336
74$1,260,410$843,310$744,093$1,032,849
75$1,346,962$842,623$727,011$1,060,875
76$1,441,019$840,578$708,033$1,090,582
77$1,543,305$837,069$687,054$1,122,160
78$1,654,616$831,979$663,964$1,155,818
79$1,775,829$825,188$638,648$1,191,790
80$1,907,907$816,566$610,987$1,230,339
81$2,051,912$805,976$580,853$1,271,757
82$2,209,011$793,273$548,116$1,316,370
83$2,380,490$778,303$512,638$1,364,541
84$2,567,765$760,904$474,276$1,416,673
85$2,772,392$740,904$432,879$1,473,217
86$2,996,086$718,118$388,291$1,534,674
87$3,240,736$692,355$340,348$1,601,601
88$3,508,420$663,410$288,878$1,674,616
89$3,801,427$631,065$233,704$1,754,408
90$4,122,279$595,093$174,639$1,841,741
91$4,473,750$555,252$111,489$1,937,465
92$4,858,898$511,284$44,049$2,042,520
93$5,281,088$462,920$0$2,157,954
94$5,744,030$409,874$0$2,290,289
95$6,251,806$351,843$0$2,444,827
96$6,808,915$288,508$0$2,614,569
97$7,420,310$219,531$0$2,801,144
98$8,091,450$144,556$0$3,006,352
99$8,828,346$63,207$0$3,232,187
100$9,637,619$0$0$3,480,852