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%16.6%
1 years$65,568$64,984$64,414$63,858$63,315$61,609
2 years$32,459$31,855$31,269$30,701$30,150$28,444
3 years$21,425$20,817$20,233$19,670$19,128$17,475
4 years$15,908$15,303$14,724$14,171$13,642$12,055
5 years$12,599$11,998$11,427$10,885$10,371$8,853
6 years$10,394$9,797$9,235$8,705$8,206$6,760
7 years$8,820$8,228$7,674$7,157$6,674$5,299
8 years$7,639$7,053$6,508$6,004$5,536$4,232
9 years$6,722$6,141$5,605$5,114$4,663$3,428
10 years$5,988$5,413$4,887$4,408$3,973$2,806
11 years$5,388$4,818$4,302$3,836$3,417$2,316
12 years$4,889$4,325$3,818$3,365$2,961$1,924
13 years$4,466$3,908$3,411$2,971$2,582$1,607
14 years$4,105$3,553$3,065$2,637$2,263$1,348
15 years$3,791$3,245$2,767$2,352$1,993$1,135
16 years$3,518$2,978$2,509$2,106$1,761$958
17 years$3,276$2,742$2,283$1,892$1,562$811
18 years$3,062$2,534$2,084$1,705$1,389$688
19 years$2,871$2,348$1,908$1,541$1,238$584
20 years$2,699$2,182$1,751$1,395$1,105$497
21 years$2,543$2,033$1,611$1,266$989$423
22 years$2,402$1,897$1,484$1,151$887$361
23 years$2,273$1,775$1,371$1,049$796$308
24 years$2,155$1,663$1,268$956$715$263
25 years$2,047$1,560$1,174$873$644$225
26 years$1,947$1,467$1,089$799$580$192
27 years$1,855$1,380$1,011$731$523$164
28 years$1,770$1,301$940$670$472$141
29 years$1,690$1,227$875$614$426$120
30 years$1,616$1,159$815$564$385$103
31 years$1,547$1,095$760$518$348$88
32 years$1,483$1,036$709$476$315$76
33 years$1,422$981$662$438$285$65
34 years$1,365$930$618$403$258$56
35 years$1,312$882$578$371$234$48
36 years$1,261$837$541$341$212$41
37 years$1,213$795$506$314$192$35
38 years$1,168$756$474$290$174$30
39 years$1,126$719$444$267$158$26
40 years$1,086$684$416$247$143$22
41 years$1,047$651$390$227$130$19
42 years$1,011$620$366$210$118$16
43 years$976$591$344$194$107$14
44 years$943$563$322$179$97$12
45 years$912$537$303$165$88$10
46 years$882$512$284$153$80$9
47 years$854$489$267$141$73$8
48 years$826$467$251$130$66$6
49 years$800$446$236$120$60$6
50 years$775$426$222$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $794,000, adding $6,400 every year, while hoping to spend $45,174 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: 64/19/17 Blend
67$794,000$794,000$794,000$794,000
68$881,590$839,508$827,201$933,895
69$923,447$832,579$806,847$962,848
70$968,060$823,796$784,298$988,722
71$1,015,661$813,022$759,431$1,015,903
72$1,066,507$800,108$732,120$1,044,521
73$1,120,878$784,900$702,233$1,074,719
74$1,179,080$767,233$669,631$1,106,656
75$1,241,451$746,933$634,168$1,140,510
76$1,308,360$723,813$595,694$1,176,479
77$1,380,213$697,680$554,050$1,214,781
78$1,457,454$668,326$509,070$1,255,660
79$1,540,573$635,532$460,582$1,299,387
80$1,630,105$599,067$408,405$1,346,263
81$1,726,639$558,685$352,350$1,396,621
82$1,830,824$514,128$292,221$1,450,831
83$1,943,369$465,121$227,812$1,509,305
84$2,065,056$411,376$158,908$1,572,498
85$2,196,745$352,587$85,284$1,640,917
86$2,339,380$288,430$6,708$1,715,121
87$2,493,998$218,564$0$1,795,732
88$2,661,741$142,629$0$1,897,433
89$2,843,864$60,244$0$2,009,200
90$3,041,749$0$0$2,130,710
91$3,256,914$0$0$2,269,010
92$3,491,030$0$0$2,433,245
93$3,745,937$0$0$2,612,115
94$4,023,657$0$0$2,807,046
95$4,326,417$0$0$3,019,607
96$4,656,667$0$0$3,251,527
97$5,017,105$0$0$3,504,706
98$5,410,699$0$0$3,781,236
99$5,840,718$0$0$4,083,424
100$6,310,760$0$0$4,413,804