Can I retire at age 68 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$65,568$64,984$64,414$63,858$63,315$62,138
2 years$32,459$31,855$31,269$30,701$30,150$28,969
3 years$21,425$20,817$20,233$19,670$19,128$17,980
4 years$15,908$15,303$14,724$14,171$13,642$12,535
5 years$12,599$11,998$11,427$10,885$10,371$9,308
6 years$10,394$9,797$9,235$8,705$8,206$7,189
7 years$8,820$8,228$7,674$7,157$6,674$5,702
8 years$7,639$7,053$6,508$6,004$5,536$4,611
9 years$6,722$6,141$5,605$5,114$4,663$3,782
10 years$5,988$5,413$4,887$4,408$3,973$3,136
11 years$5,388$4,818$4,302$3,836$3,417$2,623
12 years$4,889$4,325$3,818$3,365$2,961$2,210
13 years$4,466$3,908$3,411$2,971$2,582$1,872
14 years$4,105$3,553$3,065$2,637$2,263$1,593
15 years$3,791$3,245$2,767$2,352$1,993$1,361
16 years$3,518$2,978$2,509$2,106$1,761$1,166
17 years$3,276$2,742$2,283$1,892$1,562$1,002
18 years$3,062$2,534$2,084$1,705$1,389$863
19 years$2,871$2,348$1,908$1,541$1,238$745
20 years$2,699$2,182$1,751$1,395$1,105$644
21 years$2,543$2,033$1,611$1,266$989$557
22 years$2,402$1,897$1,484$1,151$887$483
23 years$2,273$1,775$1,371$1,049$796$419
24 years$2,155$1,663$1,268$956$715$364
25 years$2,047$1,560$1,174$873$644$316
26 years$1,947$1,467$1,089$799$580$275
27 years$1,855$1,380$1,011$731$523$239
28 years$1,770$1,301$940$670$472$208
29 years$1,690$1,227$875$614$426$181
30 years$1,616$1,159$815$564$385$158
31 years$1,547$1,095$760$518$348$138
32 years$1,483$1,036$709$476$315$120
33 years$1,422$981$662$438$285$105
34 years$1,365$930$618$403$258$91
35 years$1,312$882$578$371$234$79
36 years$1,261$837$541$341$212$69
37 years$1,213$795$506$314$192$61
38 years$1,168$756$474$290$174$53
39 years$1,126$719$444$267$158$46
40 years$1,086$684$416$247$143$40
41 years$1,047$651$390$227$130$35
42 years$1,011$620$366$210$118$31
43 years$976$591$344$194$107$27
44 years$943$563$322$179$97$23
45 years$912$537$303$165$88$20
46 years$882$512$284$153$80$18
47 years$854$489$267$141$73$16
48 years$826$467$251$130$66$14
49 years$800$446$236$120$60$12
50 years$775$426$222$111$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $794,000, adding $6,696 every year, while hoping to spend $20,247 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: 64/17/19 Blend
67$794,000$794,000$794,000$794,000
68$881,895$839,813$827,506$933,688
69$950,306$859,421$833,685$988,921
70$1,025,015$879,311$839,392$1,046,335
71$1,106,646$899,477$844,590$1,108,580
72$1,195,880$919,908$849,241$1,176,130
73$1,293,472$940,595$853,302$1,249,506
74$1,400,250$961,528$856,732$1,329,282
75$1,517,127$982,694$859,484$1,416,091
76$1,645,108$1,004,080$861,510$1,510,631
77$1,785,300$1,025,671$862,762$1,613,669
78$1,938,922$1,047,450$863,186$1,726,052
79$2,107,316$1,069,399$862,726$1,848,712
80$2,291,961$1,091,499$861,326$1,982,679
81$2,494,485$1,113,726$858,925$2,129,084
82$2,716,682$1,136,059$855,459$2,289,176
83$2,960,528$1,158,470$850,861$2,464,330
84$3,228,198$1,180,931$845,061$2,656,063
85$3,522,091$1,203,413$837,987$2,866,046
86$3,844,845$1,225,881$829,561$3,096,120
87$4,199,371$1,248,301$819,703$3,348,314
88$4,588,873$1,270,634$808,329$3,624,866
89$5,016,880$1,292,837$795,350$3,928,240
90$5,487,283$1,314,867$780,675$4,261,153
91$6,004,365$1,336,675$764,207$4,626,600
92$6,572,847$1,358,208$745,844$5,027,880
93$7,197,929$1,379,412$725,482$5,468,632
94$7,885,341$1,400,227$703,009$5,952,863
95$8,641,395$1,420,588$678,309$6,484,992
96$9,473,047$1,440,426$651,262$7,069,888
97$10,387,960$1,459,669$621,742$7,712,918
98$11,394,577$1,478,238$589,615$8,419,997
99$12,502,201$1,496,049$554,744$9,197,644
100$13,721,082$1,513,012$516,985$10,053,044