Can I retire at age 68 with 2,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$222,963$220,977$219,040$217,149$215,302$210,955
2 years$110,378$108,322$106,330$104,398$102,525$98,164
3 years$72,854$70,790$68,803$66,889$65,046$60,808
4 years$54,096$52,038$50,071$48,190$46,391$42,308
5 years$42,844$40,798$38,857$37,014$35,266$31,350
6 years$35,345$33,315$31,402$29,601$27,905$24,160
7 years$29,991$27,978$26,095$24,336$22,694$19,121
8 years$25,977$23,982$22,131$20,415$18,827$15,425
9 years$22,857$20,881$19,061$17,389$15,855$12,621
10 years$20,362$18,405$16,618$14,990$13,509$10,441
11 years$18,323$16,385$14,630$13,045$11,618$8,712
12 years$16,624$14,707$12,984$11,443$10,068$7,319
13 years$15,188$13,290$11,600$10,102$8,780$6,183
14 years$13,958$12,081$10,423$8,968$7,696$5,247
15 years$12,893$11,036$9,411$7,997$6,776$4,470
16 years$11,962$10,125$8,532$7,161$5,989$3,820
17 years$11,141$9,325$7,764$6,434$5,310$3,273
18 years$10,413$8,617$7,087$5,798$4,722$2,811
19 years$9,762$7,986$6,488$5,239$4,208$2,418
20 years$9,176$7,421$5,954$4,745$3,759$2,084
21 years$8,648$6,912$5,477$4,307$3,364$1,798
22 years$8,167$6,452$5,048$3,916$3,015$1,553
23 years$7,730$6,035$4,661$3,566$2,707$1,343
24 years$7,329$5,654$4,310$3,252$2,433$1,163
25 years$6,961$5,306$3,992$2,970$2,189$1,007
26 years$6,622$4,987$3,703$2,716$1,972$873
27 years$6,308$4,693$3,438$2,486$1,778$757
28 years$6,018$4,422$3,196$2,278$1,604$657
29 years$5,748$4,172$2,974$2,089$1,449$570
30 years$5,496$3,940$2,771$1,917$1,309$495
31 years$5,261$3,725$2,583$1,760$1,183$430
32 years$5,041$3,524$2,410$1,618$1,070$373
33 years$4,835$3,338$2,250$1,488$969$325
34 years$4,642$3,163$2,102$1,369$877$282
35 years$4,460$3,000$1,966$1,260$794$245
36 years$4,288$2,848$1,839$1,161$720$213
37 years$4,126$2,705$1,721$1,069$652$185
38 years$3,973$2,570$1,612$986$591$161
39 years$3,829$2,444$1,510$909$536$140
40 years$3,691$2,325$1,415$838$486$122
41 years$3,561$2,214$1,327$773$441$106
42 years$3,437$2,108$1,245$714$400$92
43 years$3,320$2,009$1,168$659$363$80
44 years$3,208$1,915$1,097$608$330$70
45 years$3,101$1,826$1,030$562$299$61
46 years$3,000$1,742$967$519$272$53
47 years$2,903$1,662$909$479$247$46
48 years$2,810$1,587$854$443$224$40
49 years$2,721$1,515$802$409$204$35
50 years$2,636$1,447$754$378$185$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,700,000, adding $6,964 every year, while hoping to spend $50,167 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: 63/12/25 Blend
67$2,700,000$2,700,000$2,700,000$2,700,000
68$2,982,583$2,839,483$2,797,633$3,150,397
69$3,233,430$2,925,241$2,837,977$3,350,523
70$3,508,181$3,013,519$2,877,990$3,562,855
71$3,809,222$3,104,388$2,917,610$3,793,668
72$4,139,181$3,197,921$2,956,768$4,044,776
73$4,500,950$3,294,192$2,995,392$4,318,181
74$4,897,716$3,393,277$3,033,407$4,616,084
75$5,332,989$3,495,253$3,070,732$4,940,912
76$5,810,634$3,600,201$3,107,282$5,295,335
77$6,334,910$3,708,202$3,142,967$5,682,299
78$6,910,508$3,819,341$3,177,693$6,105,044
79$7,542,593$3,933,702$3,211,360$6,567,145
80$8,236,859$4,051,375$3,243,862$7,072,536
81$8,999,574$4,172,448$3,275,087$7,625,553
82$9,837,648$4,297,015$3,304,919$8,230,974
83$10,758,688$4,425,169$3,333,234$8,894,061
84$11,771,079$4,557,006$3,359,902$9,620,613
85$12,884,056$4,692,627$3,384,786$10,417,020
86$14,107,795$4,832,131$3,407,742$11,290,323
87$15,453,507$4,975,623$3,428,618$12,248,277
88$16,933,544$5,123,207$3,447,256$13,299,431
89$18,561,513$5,274,992$3,463,486$14,453,203
90$20,352,408$5,431,087$3,477,134$15,719,971
91$22,322,750$5,591,607$3,488,014$17,111,171
92$24,490,740$5,756,665$3,495,932$18,639,404
93$26,876,434$5,926,380$3,500,684$20,318,557
94$29,501,929$6,100,872$3,502,056$22,163,931
95$32,391,574$6,280,262$3,499,823$24,192,387
96$35,572,197$6,464,677$3,493,749$26,422,507
97$39,073,358$6,654,244$3,483,588$28,874,765
98$42,927,632$6,849,093$3,469,079$31,571,726
99$47,170,908$7,049,356$3,449,951$34,538,255
100$51,842,735$7,255,169$3,425,918$37,801,751