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%12.1%
1 years$65,485$64,902$64,333$63,777$63,235$62,679
2 years$32,418$31,815$31,230$30,662$30,112$29,552
3 years$21,398$20,791$20,208$19,646$19,104$18,557
4 years$15,888$15,284$14,706$14,154$13,625$13,095
5 years$12,584$11,983$11,412$10,871$10,358$9,847
6 years$10,381$9,785$9,223$8,694$8,196$7,704
7 years$8,809$8,217$7,664$7,148$6,665$6,193
8 years$7,630$7,044$6,500$5,996$5,530$5,077
9 years$6,713$6,133$5,598$5,107$4,657$4,224
10 years$5,981$5,406$4,881$4,403$3,968$3,554
11 years$5,381$4,812$4,297$3,832$3,412$3,018
12 years$4,883$4,319$3,813$3,361$2,957$2,581
13 years$4,461$3,903$3,407$2,967$2,579$2,221
14 years$4,100$3,548$3,061$2,634$2,260$1,921
15 years$3,787$3,241$2,764$2,349$1,990$1,668
16 years$3,513$2,974$2,506$2,103$1,759$1,453
17 years$3,272$2,739$2,280$1,890$1,560$1,270
18 years$3,058$2,531$2,082$1,703$1,387$1,113
19 years$2,867$2,345$1,906$1,539$1,236$977
20 years$2,695$2,180$1,749$1,394$1,104$860
21 years$2,540$2,030$1,609$1,265$988$758
22 years$2,399$1,895$1,483$1,150$886$669
23 years$2,270$1,772$1,369$1,047$795$591
24 years$2,153$1,661$1,266$955$715$523
25 years$2,044$1,558$1,173$872$643$463
26 years$1,945$1,465$1,088$798$579$410
27 years$1,853$1,378$1,010$730$522$364
28 years$1,767$1,299$939$669$471$323
29 years$1,688$1,225$874$613$425$287
30 years$1,614$1,157$814$563$384$255
31 years$1,545$1,094$759$517$348$226
32 years$1,481$1,035$708$475$314$201
33 years$1,420$980$661$437$285$179
34 years$1,363$929$617$402$258$159
35 years$1,310$881$577$370$233$142
36 years$1,259$836$540$341$211$126
37 years$1,212$794$505$314$192$112
38 years$1,167$755$473$289$174$100
39 years$1,124$718$443$267$158$89
40 years$1,084$683$416$246$143$79
41 years$1,046$650$390$227$130$71
42 years$1,010$619$366$210$118$63
43 years$975$590$343$194$107$56
44 years$942$562$322$179$97$50
45 years$911$536$302$165$88$45
46 years$881$512$284$152$80$40
47 years$852$488$267$141$73$36
48 years$825$466$251$130$66$32
49 years$799$445$236$120$60$28
50 years$774$425$222$111$54$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $793,000, adding $4,830 every year, while hoping to spend $52,085 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: 45/29/26 Blend
67$793,000$793,000$793,000$793,000
68$878,868$836,839$824,548$911,627
69$913,095$822,426$796,752$920,903
70$949,067$805,561$766,279$925,543
71$986,907$786,070$732,985$929,556
72$1,026,750$763,765$696,719$932,911
73$1,068,741$738,452$657,321$935,579
74$1,113,038$709,922$614,628$937,531
75$1,159,816$677,956$568,465$938,740
76$1,209,262$642,321$518,654$939,180
77$1,261,583$602,771$465,005$938,827
78$1,317,003$559,045$407,321$937,662
79$1,375,768$510,870$345,397$935,668
80$1,438,147$457,953$279,019$932,831
81$1,504,434$399,988$207,961$929,144
82$1,574,948$336,650$131,990$924,604
83$1,650,043$267,595$50,862$919,216
84$1,730,103$192,463$0$912,993
85$1,815,548$110,869$0$915,863
86$1,906,842$22,409$0$933,652
87$2,004,491$0$0$952,356
88$2,109,049$0$0$995,518
89$2,221,125$0$0$1,049,510
90$2,341,386$0$0$1,107,511
91$2,470,566$0$0$1,169,884
92$2,609,469$0$0$1,237,025
93$2,758,977$0$0$1,309,370
94$2,920,061$0$0$1,387,399
95$3,093,784$0$0$1,471,637
96$3,281,318$0$0$1,562,664
97$3,483,947$0$0$1,661,115
98$3,703,084$0$0$1,767,688
99$3,940,281$0$0$1,883,151
100$4,197,247$0$0$2,008,349