Can I retire at age 68 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$65,485$64,902$64,333$63,777$63,235$62,601
2 years$32,418$31,815$31,230$30,662$30,112$29,473
3 years$21,398$20,791$20,208$19,646$19,104$18,481
4 years$15,888$15,284$14,706$14,154$13,625$13,022
5 years$12,584$11,983$11,412$10,871$10,358$9,776
6 years$10,381$9,785$9,223$8,694$8,196$7,636
7 years$8,809$8,217$7,664$7,148$6,665$6,129
8 years$7,630$7,044$6,500$5,996$5,530$5,016
9 years$6,713$6,133$5,598$5,107$4,657$4,166
10 years$5,981$5,406$4,881$4,403$3,968$3,499
11 years$5,381$4,812$4,297$3,832$3,412$2,965
12 years$4,883$4,319$3,813$3,361$2,957$2,532
13 years$4,461$3,903$3,407$2,967$2,579$2,174
14 years$4,100$3,548$3,061$2,634$2,260$1,876
15 years$3,787$3,241$2,764$2,349$1,990$1,626
16 years$3,513$2,974$2,506$2,103$1,759$1,414
17 years$3,272$2,739$2,280$1,890$1,560$1,233
18 years$3,058$2,531$2,082$1,703$1,387$1,078
19 years$2,867$2,345$1,906$1,539$1,236$945
20 years$2,695$2,180$1,749$1,394$1,104$829
21 years$2,540$2,030$1,609$1,265$988$729
22 years$2,399$1,895$1,483$1,150$886$642
23 years$2,270$1,772$1,369$1,047$795$566
24 years$2,153$1,661$1,266$955$715$500
25 years$2,044$1,558$1,173$872$643$441
26 years$1,945$1,465$1,088$798$579$390
27 years$1,853$1,378$1,010$730$522$345
28 years$1,767$1,299$939$669$471$306
29 years$1,688$1,225$874$613$425$271
30 years$1,614$1,157$814$563$384$240
31 years$1,545$1,094$759$517$348$213
32 years$1,481$1,035$708$475$314$189
33 years$1,420$980$661$437$285$167
34 years$1,363$929$617$402$258$149
35 years$1,310$881$577$370$233$132
36 years$1,259$836$540$341$211$117
37 years$1,212$794$505$314$192$104
38 years$1,167$755$473$289$174$92
39 years$1,124$718$443$267$158$82
40 years$1,084$683$416$246$143$73
41 years$1,046$650$390$227$130$65
42 years$1,010$619$366$210$118$58
43 years$975$590$343$194$107$51
44 years$942$562$322$179$97$46
45 years$911$536$302$165$88$41
46 years$881$512$284$152$80$36
47 years$852$488$267$141$73$32
48 years$825$466$251$130$66$28
49 years$799$445$236$120$60$25
50 years$774$425$222$111$54$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $793,000, adding $4,124 every year, while hoping to spend $24,401 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: 53/24/23 Blend
67$793,000$793,000$793,000$793,000
68$878,140$836,111$823,819$918,899
69$941,748$851,118$825,455$962,438
70$1,011,026$866,042$826,327$1,006,926
71$1,086,526$880,855$826,385$1,054,828
72$1,168,858$895,522$825,575$1,106,478
73$1,258,690$910,011$823,840$1,162,247
74$1,356,759$924,285$821,122$1,222,540
75$1,463,876$938,302$817,357$1,287,807
76$1,580,934$952,021$812,481$1,358,544
77$1,708,915$965,397$806,425$1,435,295
78$1,848,903$978,380$799,119$1,518,665
79$2,002,088$990,917$790,486$1,609,319
80$2,169,783$1,002,954$780,450$1,707,989
81$2,353,433$1,014,431$768,926$1,815,486
82$2,554,628$1,025,283$755,831$1,932,703
83$2,775,121$1,035,443$741,072$2,060,624
84$3,016,842$1,044,838$724,557$2,200,336
85$3,281,917$1,053,392$706,186$2,353,037
86$3,572,685$1,061,021$685,856$2,520,051
87$3,891,727$1,067,638$663,460$2,702,834
88$4,241,881$1,073,151$638,884$2,902,997
89$4,626,277$1,077,459$612,011$3,122,312
90$5,048,361$1,080,458$582,716$3,362,738
91$5,511,928$1,082,036$550,872$3,626,432
92$6,021,162$1,082,072$516,343$3,915,775
93$6,580,668$1,080,441$478,988$4,233,393
94$7,195,522$1,077,009$438,661$4,582,181
95$7,871,316$1,071,633$395,206$4,965,333
96$8,614,209$1,064,162$348,464$5,386,370
97$9,430,988$1,054,435$298,267$5,849,176
98$10,329,129$1,042,283$244,440$6,358,033
99$11,316,870$1,027,525$186,799$6,917,664
100$12,403,288$1,009,970$125,153$7,533,276