Can I retire at age 68 with 794,000?

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 $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%19.9%
1 years$65,568$64,984$64,414$63,858$63,315$60,803
2 years$32,459$31,855$31,269$30,701$30,150$27,650
3 years$21,425$20,817$20,233$19,670$19,128$16,720
4 years$15,908$15,303$14,724$14,171$13,642$11,343
5 years$12,599$11,998$11,427$10,885$10,371$8,187
6 years$10,394$9,797$9,235$8,705$8,206$6,139
7 years$8,820$8,228$7,674$7,157$6,674$4,722
8 years$7,639$7,053$6,508$6,004$5,536$3,699
9 years$6,722$6,141$5,605$5,114$4,663$2,936
10 years$5,988$5,413$4,887$4,408$3,973$2,354
11 years$5,388$4,818$4,302$3,836$3,417$1,902
12 years$4,889$4,325$3,818$3,365$2,961$1,546
13 years$4,466$3,908$3,411$2,971$2,582$1,262
14 years$4,105$3,553$3,065$2,637$2,263$1,035
15 years$3,791$3,245$2,767$2,352$1,993$851
16 years$3,518$2,978$2,509$2,106$1,761$702
17 years$3,276$2,742$2,283$1,892$1,562$580
18 years$3,062$2,534$2,084$1,705$1,389$480
19 years$2,871$2,348$1,908$1,541$1,238$397
20 years$2,699$2,182$1,751$1,395$1,105$330
21 years$2,543$2,033$1,611$1,266$989$274
22 years$2,402$1,897$1,484$1,151$887$227
23 years$2,273$1,775$1,371$1,049$796$189
24 years$2,155$1,663$1,268$956$715$157
25 years$2,047$1,560$1,174$873$644$131
26 years$1,947$1,467$1,089$799$580$109
27 years$1,855$1,380$1,011$731$523$91
28 years$1,770$1,301$940$670$472$76
29 years$1,690$1,227$875$614$426$63
30 years$1,616$1,159$815$564$385$52
31 years$1,547$1,095$760$518$348$44
32 years$1,483$1,036$709$476$315$36
33 years$1,422$981$662$438$285$30
34 years$1,365$930$618$403$258$25
35 years$1,312$882$578$371$234$21
36 years$1,261$837$541$341$212$18
37 years$1,213$795$506$314$192$15
38 years$1,168$756$474$290$174$12
39 years$1,126$719$444$267$158$10
40 years$1,086$684$416$247$143$9
41 years$1,047$651$390$227$130$7
42 years$1,011$620$366$210$118$6
43 years$976$591$344$194$107$5
44 years$943$563$322$179$97$4
45 years$912$537$303$165$88$3
46 years$882$512$284$153$80$3
47 years$854$489$267$141$73$2
48 years$826$467$251$130$66$2
49 years$800$446$236$120$60$2
50 years$775$426$222$111$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $794,000, adding $5,202 every year, while hoping to spend $37,337 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: 66/14/20 Blend
67$794,000$794,000$794,000$794,000
68$880,354$838,272$825,965$933,701
69$930,424$839,621$813,908$971,470
70$984,349$839,785$800,197$1,007,983
71$1,042,484$838,666$784,735$1,047,010
72$1,105,218$836,160$767,424$1,088,798
73$1,172,977$832,159$748,159$1,133,622
74$1,246,230$826,545$726,832$1,181,783
75$1,325,495$819,194$703,330$1,233,614
76$1,411,337$809,976$677,533$1,289,485
77$1,504,380$798,752$649,317$1,349,802
78$1,605,309$785,373$618,552$1,415,016
79$1,714,879$769,685$585,102$1,485,624
80$1,833,919$751,522$548,825$1,562,176
81$1,963,341$730,709$509,573$1,645,279
82$2,104,148$707,060$467,190$1,735,605
83$2,257,445$680,379$421,514$1,833,893
84$2,424,446$650,460$372,377$1,940,961
85$2,606,489$617,082$319,601$2,057,715
86$2,805,045$580,012$263,001$2,185,152
87$3,021,733$539,007$202,385$2,324,374
88$3,258,337$493,805$137,552$2,476,598
89$3,516,818$444,132$68,291$2,643,167
90$3,799,337$389,699$0$2,825,567
91$4,108,274$330,198$0$3,026,633
92$4,446,246$265,306$0$3,262,606
93$4,816,137$194,680$0$3,520,942
94$5,221,123$117,959$0$3,803,898
95$5,664,701$34,762$0$4,113,960
96$6,150,720$0$0$4,453,871
97$6,683,423$0$0$4,835,172
98$7,267,479$0$0$5,259,155
99$7,908,033$0$0$5,724,204
100$8,610,750$0$0$6,234,439