Extra-laboratory atomic clocks are necessary for a wide array of applications (e.g. satellite-based navigation and communication). Building upon existing vapor cell and laser technologies, we describe an optical atomic clock, designed around a simple and manufacturable architecture, that utilizes the 778~nm two-photon transition in rubidium and yields fractional frequency instabilities of $3\times10^{-13}/\sqrt{τ(s)}$ for $τ$ from 1~s to 10000~s. We present a complete stability budget for this system and explore the required conditions under which a fractional frequency instability of $1\times 10^{-15}$ can be maintained on long timescales. We provide precise characterization of the leading sensitivities to external processes including magnetic fields and fluctuations of the vapor cell temperature and 778~nm laser power. The system is constructed primarily from commercially-available components, an attractive feature from the standpoint of commercialization and deployment of optical frequency standards.

9 pages, 6 figures