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%12.7%
1 years$65,816$65,229$64,657$64,099$63,554$62,838
2 years$32,582$31,975$31,387$30,817$30,264$29,543
3 years$21,506$20,896$20,309$19,745$19,201$18,497
4 years$15,968$15,361$14,780$14,225$13,694$13,014
5 years$12,647$12,043$11,470$10,926$10,410$9,755
6 years$10,433$9,834$9,269$8,738$8,237$7,608
7 years$8,853$8,259$7,703$7,184$6,699$6,095
8 years$7,668$7,079$6,533$6,026$5,557$4,980
9 years$6,747$6,164$5,627$5,133$4,680$4,128
10 years$6,011$5,433$4,905$4,425$3,988$3,461
11 years$5,409$4,837$4,319$3,851$3,430$2,928
12 years$4,907$4,341$3,833$3,378$2,972$2,495
13 years$4,483$3,923$3,424$2,982$2,592$2,139
14 years$4,120$3,566$3,077$2,647$2,272$1,842
15 years$3,806$3,258$2,778$2,361$2,000$1,593
16 years$3,531$2,989$2,519$2,114$1,768$1,382
17 years$3,289$2,753$2,292$1,899$1,568$1,203
18 years$3,074$2,544$2,092$1,712$1,394$1,050
19 years$2,882$2,357$1,915$1,547$1,242$918
20 years$2,709$2,191$1,758$1,401$1,110$804
21 years$2,553$2,040$1,617$1,271$993$705
22 years$2,411$1,905$1,490$1,156$890$620
23 years$2,282$1,781$1,376$1,053$799$545
24 years$2,163$1,669$1,272$960$718$480
25 years$2,055$1,566$1,178$877$646$423
26 years$1,955$1,472$1,093$802$582$373
27 years$1,862$1,385$1,015$734$525$329
28 years$1,776$1,305$944$672$474$291
29 years$1,697$1,232$878$617$428$257
30 years$1,622$1,163$818$566$386$227
31 years$1,553$1,099$762$520$349$201
32 years$1,488$1,040$711$478$316$178
33 years$1,427$985$664$439$286$157
34 years$1,370$934$621$404$259$139
35 years$1,316$886$580$372$234$123
36 years$1,266$841$543$343$212$109
37 years$1,218$798$508$316$193$97
38 years$1,173$759$476$291$175$86
39 years$1,130$721$446$268$158$76
40 years$1,090$686$418$247$144$67
41 years$1,051$653$392$228$130$60
42 years$1,015$622$367$211$118$53
43 years$980$593$345$194$107$47
44 years$947$565$324$180$97$42
45 years$915$539$304$166$88$37
46 years$885$514$285$153$80$33
47 years$857$491$268$142$73$29
48 years$829$468$252$131$66$26
49 years$803$447$237$121$60$23
50 years$778$427$223$112$55$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $797,000, adding $4,261 every year, while hoping to spend $57,656 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: 40/41/19 Blend
67$797,000$797,000$797,000$797,000
68$882,689$840,448$828,095$912,871
69$911,378$820,285$794,490$914,668
70$941,061$797,201$757,828$910,754
71$971,778$770,992$717,944$905,325
72$1,003,572$741,444$674,668$898,271
73$1,036,488$708,326$627,821$889,481
74$1,070,574$671,399$577,218$878,834
75$1,105,881$630,405$522,662$866,205
76$1,142,461$585,075$463,952$851,462
77$1,180,371$535,123$400,873$834,464
78$1,219,671$480,247$333,205$815,065
79$1,260,426$420,127$260,716$793,110
80$1,302,703$354,427$183,163$768,437
81$1,346,574$282,789$100,294$740,875
82$1,392,116$204,837$11,845$710,244
83$1,439,411$120,174$0$676,355
84$1,488,547$28,378$0$655,745
85$1,539,619$0$0$635,122
86$1,592,725$0$0$643,953
87$1,647,975$0$0$666,476
88$1,705,482$0$0$689,937
89$1,765,373$0$0$714,389
90$1,827,778$0$0$739,888
91$1,892,843$0$0$766,496
92$1,960,722$0$0$794,279
93$2,031,580$0$0$823,308
94$2,105,598$0$0$853,661
95$2,182,971$0$0$885,420
96$2,263,907$0$0$918,676
97$2,348,634$0$0$953,528
98$2,437,398$0$0$990,080
99$2,530,467$0$0$1,028,448
100$2,628,128$0$0$1,068,757