Can I retire at age 68 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$65,403$64,820$64,252$63,697$63,155$62,186
2 years$32,378$31,775$31,190$30,624$30,074$29,100
3 years$21,371$20,765$20,182$19,621$19,080$18,131
4 years$15,868$15,264$14,687$14,136$13,608$12,692
5 years$12,568$11,968$11,398$10,858$10,345$9,464
6 years$10,368$9,772$9,211$8,683$8,185$7,341
7 years$8,797$8,207$7,655$7,139$6,657$5,849
8 years$7,620$7,035$6,492$5,988$5,523$4,751
9 years$6,705$6,125$5,591$5,101$4,651$3,916
10 years$5,973$5,399$4,875$4,397$3,963$3,263
11 years$5,375$4,806$4,292$3,827$3,408$2,743
12 years$4,876$4,314$3,809$3,357$2,953$2,323
13 years$4,455$3,899$3,403$2,963$2,575$1,978
14 years$4,094$3,544$3,057$2,630$2,258$1,692
15 years$3,782$3,237$2,760$2,346$1,988$1,454
16 years$3,509$2,970$2,503$2,101$1,757$1,253
17 years$3,268$2,735$2,277$1,887$1,558$1,083
18 years$3,054$2,528$2,079$1,701$1,385$938
19 years$2,863$2,343$1,903$1,537$1,234$814
20 years$2,692$2,177$1,747$1,392$1,103$708
21 years$2,537$2,028$1,607$1,263$987$616
22 years$2,396$1,893$1,481$1,149$884$537
23 years$2,267$1,770$1,367$1,046$794$469
24 years$2,150$1,659$1,264$954$714$410
25 years$2,042$1,556$1,171$871$642$358
26 years$1,942$1,463$1,086$797$578$314
27 years$1,850$1,377$1,009$729$522$275
28 years$1,765$1,297$938$668$471$241
29 years$1,686$1,224$873$613$425$211
30 years$1,612$1,156$813$562$384$185
31 years$1,543$1,093$758$516$347$162
32 years$1,479$1,034$707$475$314$142
33 years$1,418$979$660$436$284$125
34 years$1,362$928$617$402$257$110
35 years$1,308$880$577$370$233$96
36 years$1,258$835$539$340$211$85
37 years$1,210$793$505$314$191$74
38 years$1,166$754$473$289$173$65
39 years$1,123$717$443$267$157$57
40 years$1,083$682$415$246$143$50
41 years$1,045$649$389$227$129$44
42 years$1,008$618$365$209$117$39
43 years$974$589$343$193$107$34
44 years$941$562$322$178$97$30
45 years$910$536$302$165$88$26
46 years$880$511$284$152$80$23
47 years$851$488$266$141$72$20
48 years$824$465$250$130$66$18
49 years$798$444$235$120$60$16
50 years$773$425$221$111$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $792,000, adding $4,900 every year, while hoping to spend $41,314 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: 56/14/30 Blend
67$792,000$792,000$792,000$792,000
68$877,838$835,862$823,586$919,465
69$923,420$832,862$807,219$945,707
70$972,266$828,330$788,918$969,614
71$1,024,667$822,147$768,576$994,842
72$1,080,939$814,188$746,079$1,021,534
73$1,141,431$804,320$721,309$1,049,848
74$1,206,526$792,400$694,142$1,079,962
75$1,276,643$778,280$664,448$1,112,072
76$1,352,245$761,799$632,090$1,146,398
77$1,433,837$742,791$596,929$1,183,184
78$1,521,978$721,077$558,815$1,222,703
79$1,617,278$696,468$517,594$1,265,255
80$1,720,410$668,765$473,104$1,311,177
81$1,832,115$637,757$425,175$1,360,843
82$1,953,204$603,221$373,632$1,414,665
83$2,084,572$564,920$318,290$1,473,105
84$2,227,203$522,605$258,957$1,536,672
85$2,382,176$476,012$195,431$1,605,934
86$2,550,683$424,861$127,502$1,681,518
87$2,734,031$368,858$54,952$1,764,121
88$2,933,661$307,691$0$1,854,515
89$3,151,157$241,030$0$1,960,748
90$3,388,263$168,528$0$2,095,816
91$3,646,898$89,819$0$2,243,238
92$3,929,175$4,512$0$2,404,262
93$4,237,417$0$0$2,580,261
94$4,574,186$0$0$2,786,276
95$4,942,298$0$0$3,012,295
96$5,344,857$0$0$3,259,534
97$5,785,277$0$0$3,530,102
98$6,267,321$0$0$3,826,317
99$6,795,129$0$0$4,150,735
100$7,373,263$0$0$4,506,169