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%13.9%
1 years$65,816$65,229$64,657$64,099$63,554$62,527
2 years$32,582$31,975$31,387$30,817$30,264$29,232
3 years$21,506$20,896$20,309$19,745$19,201$18,196
4 years$15,968$15,361$14,780$14,225$13,694$12,724
5 years$12,647$12,043$11,470$10,926$10,410$9,478
6 years$10,433$9,834$9,269$8,738$8,237$7,344
7 years$8,853$8,259$7,703$7,184$6,699$5,845
8 years$7,668$7,079$6,533$6,026$5,557$4,742
9 years$6,747$6,164$5,627$5,133$4,680$3,904
10 years$6,011$5,433$4,905$4,425$3,988$3,249
11 years$5,409$4,837$4,319$3,851$3,430$2,728
12 years$4,907$4,341$3,833$3,378$2,972$2,307
13 years$4,483$3,923$3,424$2,982$2,592$1,962
14 years$4,120$3,566$3,077$2,647$2,272$1,676
15 years$3,806$3,258$2,778$2,361$2,000$1,438
16 years$3,531$2,989$2,519$2,114$1,768$1,237
17 years$3,289$2,753$2,292$1,899$1,568$1,068
18 years$3,074$2,544$2,092$1,712$1,394$924
19 years$2,882$2,357$1,915$1,547$1,242$801
20 years$2,709$2,191$1,758$1,401$1,110$695
21 years$2,553$2,040$1,617$1,271$993$604
22 years$2,411$1,905$1,490$1,156$890$526
23 years$2,282$1,781$1,376$1,053$799$459
24 years$2,163$1,669$1,272$960$718$400
25 years$2,055$1,566$1,178$877$646$349
26 years$1,955$1,472$1,093$802$582$305
27 years$1,862$1,385$1,015$734$525$267
28 years$1,776$1,305$944$672$474$233
29 years$1,697$1,232$878$617$428$204
30 years$1,622$1,163$818$566$386$179
31 years$1,553$1,099$762$520$349$157
32 years$1,488$1,040$711$478$316$137
33 years$1,427$985$664$439$286$120
34 years$1,370$934$621$404$259$105
35 years$1,316$886$580$372$234$92
36 years$1,266$841$543$343$212$81
37 years$1,218$798$508$316$193$71
38 years$1,173$759$476$291$175$62
39 years$1,130$721$446$268$158$55
40 years$1,090$686$418$247$144$48
41 years$1,051$653$392$228$130$42
42 years$1,015$622$367$211$118$37
43 years$980$593$345$194$107$32
44 years$947$565$324$180$97$28
45 years$915$539$304$166$88$25
46 years$885$514$285$153$80$22
47 years$857$491$268$142$73$19
48 years$829$468$252$131$66$17
49 years$803$447$237$121$60$15
50 years$778$427$223$112$55$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $797,000, adding $3,315 every year, while hoping to spend $51,145 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: 74/11/15 Blend
67$797,000$797,000$797,000$797,000
68$881,713$839,472$827,119$943,817
69$917,230$826,189$800,410$972,075
70$954,656$810,540$771,091$996,391
71$994,130$792,356$739,023$1,021,664
72$1,035,808$771,458$704,056$1,047,975
73$1,079,855$747,654$666,036$1,075,416
74$1,126,454$720,743$624,803$1,104,085
75$1,175,805$690,511$580,186$1,134,097
76$1,228,124$656,734$532,010$1,165,574
77$1,283,651$619,172$480,090$1,198,654
78$1,342,644$577,572$424,234$1,233,491
79$1,405,389$531,668$364,240$1,270,256
80$1,472,196$481,177$299,900$1,309,136
81$1,543,406$425,801$230,993$1,350,341
82$1,619,393$365,225$157,290$1,394,105
83$1,700,565$299,115$78,553$1,440,685
84$1,787,370$227,119$0$1,490,367
85$1,880,300$148,866$0$1,544,345
86$1,979,893$63,963$0$1,615,570
87$2,086,740$0$0$1,691,889
88$2,201,491$0$0$1,777,171
89$2,324,855$0$0$1,877,202
90$2,457,616$0$0$1,984,877
91$2,600,630$0$0$2,100,896
92$2,754,840$0$0$2,226,025
93$2,921,282$0$0$2,361,110
94$3,101,092$0$0$2,507,076
95$3,295,521$0$0$2,664,942
96$3,505,942$0$0$2,835,827
97$3,733,866$0$0$3,020,964
98$3,980,953$0$0$3,221,705
99$4,249,030$0$0$3,439,539
100$4,540,104$0$0$3,676,101