Can I retire at age 68 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$65,650$65,066$64,495$63,938$63,394$61,024
2 years$32,500$31,895$31,308$30,740$30,188$27,827
3 years$21,452$20,844$20,259$19,695$19,152$16,875
4 years$15,928$15,322$14,743$14,189$13,660$11,483
5 years$12,615$12,013$11,441$10,899$10,384$8,314
6 years$10,407$9,809$9,246$8,716$8,216$6,255
7 years$8,831$8,238$7,684$7,166$6,682$4,828
8 years$7,649$7,061$6,516$6,011$5,543$3,795
9 years$6,730$6,148$5,613$5,120$4,668$3,024
10 years$5,996$5,419$4,893$4,414$3,978$2,433
11 years$5,395$4,825$4,308$3,841$3,421$1,974
12 years$4,895$4,330$3,823$3,369$2,965$1,611
13 years$4,472$3,913$3,416$2,975$2,585$1,321
14 years$4,110$3,557$3,069$2,640$2,266$1,088
15 years$3,796$3,249$2,771$2,355$1,995$898
16 years$3,522$2,981$2,512$2,108$1,763$744
17 years$3,281$2,746$2,286$1,894$1,564$617
18 years$3,066$2,537$2,087$1,707$1,390$513
19 years$2,874$2,351$1,910$1,543$1,239$427
20 years$2,702$2,185$1,753$1,397$1,107$356
21 years$2,546$2,035$1,613$1,268$990$297
22 years$2,405$1,900$1,486$1,153$888$248
23 years$2,276$1,777$1,372$1,050$797$207
24 years$2,158$1,665$1,269$958$716$173
25 years$2,050$1,562$1,176$875$645$145
26 years$1,950$1,468$1,090$800$581$121
27 years$1,857$1,382$1,012$732$523$101
28 years$1,772$1,302$941$671$472$85
29 years$1,692$1,228$876$615$427$71
30 years$1,618$1,160$816$564$385$59
31 years$1,549$1,097$761$518$348$50
32 years$1,484$1,038$710$476$315$42
33 years$1,424$983$663$438$285$35
34 years$1,367$931$619$403$258$29
35 years$1,313$883$579$371$234$25
36 years$1,263$838$541$342$212$21
37 years$1,215$796$507$315$192$17
38 years$1,170$757$475$290$174$14
39 years$1,127$720$445$268$158$12
40 years$1,087$685$417$247$143$10
41 years$1,049$652$391$228$130$8
42 years$1,012$621$367$210$118$7
43 years$978$591$344$194$107$6
44 years$945$564$323$179$97$5
45 years$913$538$303$165$88$4
46 years$883$513$285$153$80$4
47 years$855$489$268$141$73$3
48 years$827$467$251$130$66$2
49 years$801$446$236$121$60$2
50 years$776$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $795,000, adding $5,917 every year, while hoping to spend $25,723 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: 75/6/19 Blend
67$795,000$795,000$795,000$795,000
68$882,193$840,058$827,736$944,021
69$944,808$853,852$828,096$999,583
70$1,012,947$867,460$827,606$1,056,734
71$1,087,147$880,845$826,210$1,118,705
72$1,167,999$893,968$823,851$1,185,970
73$1,256,151$906,789$820,466$1,259,051
74$1,352,318$919,262$815,991$1,338,524
75$1,457,288$931,339$810,360$1,425,022
76$1,571,926$942,969$803,502$1,519,245
77$1,697,186$954,098$795,343$1,621,962
78$1,834,118$964,668$785,806$1,734,024
79$1,983,877$974,616$774,810$1,856,364
80$2,147,736$983,875$762,269$1,990,015
81$2,327,096$992,376$748,096$2,136,112
82$2,523,499$1,000,042$732,197$2,295,907
83$2,738,646$1,006,794$714,475$2,470,782
84$2,974,407$1,012,546$694,829$2,662,256
85$3,232,842$1,017,207$673,152$2,872,008
86$3,516,222$1,020,680$649,333$3,101,884
87$3,827,046$1,022,863$623,255$3,353,922
88$4,168,068$1,023,646$594,796$3,630,367
89$4,542,319$1,022,913$563,831$3,933,692
90$4,953,141$1,020,541$530,224$4,266,626
91$5,404,213$1,016,400$493,839$4,632,173
92$5,899,590$1,010,349$454,529$5,033,648
93$6,443,734$1,002,243$412,142$5,474,702
94$7,041,567$991,925$366,521$5,959,358
95$7,698,507$979,230$317,500$6,492,055
96$8,420,524$963,981$264,905$7,077,680
97$9,214,195$945,993$208,557$7,721,623
98$10,086,766$925,070$148,266$8,429,823
99$11,046,219$901,002$83,837$9,208,827
100$12,101,351$873,569$15,063$10,065,849