Can I retire at age 68 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$65,816$65,229$64,657$64,099$63,554$62,118
2 years$32,582$31,975$31,387$30,817$30,264$28,825
3 years$21,506$20,896$20,309$19,745$19,201$17,804
4 years$15,968$15,361$14,780$14,225$13,694$12,350
5 years$12,647$12,043$11,470$10,926$10,410$9,122
6 years$10,433$9,834$9,269$8,738$8,237$7,007
7 years$8,853$8,259$7,703$7,184$6,699$5,527
8 years$7,668$7,079$6,533$6,026$5,557$4,443
9 years$6,747$6,164$5,627$5,133$4,680$3,622
10 years$6,011$5,433$4,905$4,425$3,988$2,986
11 years$5,409$4,837$4,319$3,851$3,430$2,482
12 years$4,907$4,341$3,833$3,378$2,972$2,077
13 years$4,483$3,923$3,424$2,982$2,592$1,748
14 years$4,120$3,566$3,077$2,647$2,272$1,477
15 years$3,806$3,258$2,778$2,361$2,000$1,253
16 years$3,531$2,989$2,519$2,114$1,768$1,066
17 years$3,289$2,753$2,292$1,899$1,568$910
18 years$3,074$2,544$2,092$1,712$1,394$778
19 years$2,882$2,357$1,915$1,547$1,242$666
20 years$2,709$2,191$1,758$1,401$1,110$571
21 years$2,553$2,040$1,617$1,271$993$491
22 years$2,411$1,905$1,490$1,156$890$422
23 years$2,282$1,781$1,376$1,053$799$363
24 years$2,163$1,669$1,272$960$718$313
25 years$2,055$1,566$1,178$877$646$270
26 years$1,955$1,472$1,093$802$582$233
27 years$1,862$1,385$1,015$734$525$201
28 years$1,776$1,305$944$672$474$173
29 years$1,697$1,232$878$617$428$150
30 years$1,622$1,163$818$566$386$129
31 years$1,553$1,099$762$520$349$112
32 years$1,488$1,040$711$478$316$97
33 years$1,427$985$664$439$286$84
34 years$1,370$934$621$404$259$72
35 years$1,316$886$580$372$234$63
36 years$1,266$841$543$343$212$54
37 years$1,218$798$508$316$193$47
38 years$1,173$759$476$291$175$40
39 years$1,130$721$446$268$158$35
40 years$1,090$686$418$247$144$30
41 years$1,051$653$392$228$130$26
42 years$1,015$622$367$211$118$23
43 years$980$593$345$194$107$20
44 years$947$565$324$180$97$17
45 years$915$539$304$166$88$15
46 years$885$514$285$153$80$13
47 years$857$491$268$142$73$11
48 years$829$468$252$131$66$10
49 years$803$447$237$121$60$8
50 years$778$427$223$112$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $797,000, adding $5,169 every year, while hoping to spend $39,658 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: 58/12/30 Blend
67$797,000$797,000$797,000$797,000
68$883,626$841,385$829,031$927,333
69$931,560$840,417$814,608$956,945
70$983,054$838,072$798,372$984,629
71$1,038,429$834,242$780,222$1,014,016
72$1,098,039$828,809$760,049$1,045,284
73$1,162,270$821,652$737,742$1,078,630
74$1,231,548$812,639$713,182$1,114,273
75$1,306,340$801,633$686,248$1,152,457
76$1,387,160$788,486$656,811$1,193,452
77$1,474,572$773,043$624,735$1,237,558
78$1,569,196$755,141$589,882$1,285,106
79$1,671,715$734,604$552,104$1,336,466
80$1,782,879$711,248$511,249$1,392,046
81$1,903,512$684,878$467,154$1,452,299
82$2,034,520$655,288$419,655$1,517,727
83$2,176,903$622,258$368,575$1,588,887
84$2,331,756$585,559$313,731$1,666,393
85$2,500,289$544,944$254,934$1,750,929
86$2,683,828$500,156$191,984$1,843,248
87$2,883,836$450,922$124,674$1,944,187
88$3,101,923$396,952$52,785$2,054,671
89$3,339,858$337,941$0$2,175,723
90$3,599,591$273,568$0$2,316,135
91$3,883,267$203,491$0$2,488,029
92$4,193,248$127,350$0$2,675,955
93$4,532,136$44,766$0$2,881,525
94$4,902,791$0$0$3,106,519
95$5,308,368$0$0$3,358,794
96$5,752,336$0$0$3,641,487
97$6,238,519$0$0$3,951,127
98$6,771,124$0$0$4,290,404
99$7,354,788$0$0$4,662,280
100$7,994,616$0$0$5,070,016