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

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 $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%13.3%
1 years$222,963$220,977$219,040$217,149$215,302$212,347
2 years$110,378$108,322$106,330$104,398$102,525$99,553
3 years$72,854$70,790$68,803$66,889$65,046$62,150
4 years$54,096$52,038$50,071$48,190$46,391$43,593
5 years$42,844$40,798$38,857$37,014$35,266$32,574
6 years$35,345$33,315$31,402$29,601$27,905$25,322
7 years$29,991$27,978$26,095$24,336$22,694$20,221
8 years$25,977$23,982$22,131$20,415$18,827$16,464
9 years$22,857$20,881$19,061$17,389$15,855$13,600
10 years$20,362$18,405$16,618$14,990$13,509$11,362
11 years$18,323$16,385$14,630$13,045$11,618$9,576
12 years$16,624$14,707$12,984$11,443$10,068$8,128
13 years$15,188$13,290$11,600$10,102$8,780$6,939
14 years$13,958$12,081$10,423$8,968$7,696$5,953
15 years$12,893$11,036$9,411$7,997$6,776$5,127
16 years$11,962$10,125$8,532$7,161$5,989$4,431
17 years$11,141$9,325$7,764$6,434$5,310$3,840
18 years$10,413$8,617$7,087$5,798$4,722$3,336
19 years$9,762$7,986$6,488$5,239$4,208$2,904
20 years$9,176$7,421$5,954$4,745$3,759$2,533
21 years$8,648$6,912$5,477$4,307$3,364$2,212
22 years$8,167$6,452$5,048$3,916$3,015$1,935
23 years$7,730$6,035$4,661$3,566$2,707$1,694
24 years$7,329$5,654$4,310$3,252$2,433$1,485
25 years$6,961$5,306$3,992$2,970$2,189$1,302
26 years$6,622$4,987$3,703$2,716$1,972$1,143
27 years$6,308$4,693$3,438$2,486$1,778$1,004
28 years$6,018$4,422$3,196$2,278$1,604$883
29 years$5,748$4,172$2,974$2,089$1,449$776
30 years$5,496$3,940$2,771$1,917$1,309$683
31 years$5,261$3,725$2,583$1,760$1,183$601
32 years$5,041$3,524$2,410$1,618$1,070$529
33 years$4,835$3,338$2,250$1,488$969$466
34 years$4,642$3,163$2,102$1,369$877$411
35 years$4,460$3,000$1,966$1,260$794$362
36 years$4,288$2,848$1,839$1,161$720$319
37 years$4,126$2,705$1,721$1,069$652$281
38 years$3,973$2,570$1,612$986$591$248
39 years$3,829$2,444$1,510$909$536$218
40 years$3,691$2,325$1,415$838$486$193
41 years$3,561$2,214$1,327$773$441$170
42 years$3,437$2,108$1,245$714$400$150
43 years$3,320$2,009$1,168$659$363$132
44 years$3,208$1,915$1,097$608$330$117
45 years$3,101$1,826$1,030$562$299$103
46 years$3,000$1,742$967$519$272$91
47 years$2,903$1,662$909$479$247$80
48 years$2,810$1,587$854$443$224$71
49 years$2,721$1,515$802$409$204$62
50 years$2,636$1,447$754$378$185$55

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 $4,814 every year, while hoping to spend $39,945 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: 57/33/10 Blend
67$2,700,000$2,700,000$2,700,000$2,700,000
68$2,980,366$2,837,266$2,795,416$3,142,784
69$3,241,862$2,933,790$2,846,561$3,349,426
70$3,528,692$3,033,706$2,898,081$3,569,612
71$3,843,397$3,137,137$2,949,946$3,808,563
72$4,188,779$3,244,211$3,002,123$4,068,080
73$4,567,919$3,355,063$3,054,580$4,350,142
74$4,984,217$3,469,831$3,107,278$4,656,929
75$5,441,413$3,588,659$3,160,178$4,990,835
76$5,943,631$3,711,697$3,213,238$5,354,499
77$6,495,412$3,839,100$3,266,411$5,750,823
78$7,101,758$3,971,031$3,319,651$6,182,999
79$7,768,182$4,107,656$3,372,904$6,654,544
80$8,500,756$4,249,150$3,426,115$7,169,325
81$9,306,169$4,395,694$3,479,226$7,731,601
82$10,191,792$4,547,477$3,532,174$8,346,062
83$11,165,744$4,704,693$3,584,891$9,017,868
84$12,236,974$4,867,547$3,637,309$9,752,703
85$13,415,336$5,036,248$3,689,350$10,556,823
86$14,711,693$5,211,017$3,740,936$11,437,118
87$16,138,010$5,392,081$3,791,981$12,401,176
88$17,707,472$5,579,677$3,842,397$13,457,350
89$19,434,605$5,774,052$3,892,089$14,614,841
90$21,335,417$5,975,463$3,940,955$15,883,783
91$23,427,543$6,184,174$3,988,891$17,275,335
92$25,730,418$6,400,464$4,035,784$18,801,787
93$28,265,453$6,624,620$4,081,516$20,476,679
94$31,056,245$6,856,941$4,125,962$22,314,922
95$34,128,789$7,097,739$4,168,990$24,332,940
96$37,511,735$7,347,338$4,210,460$26,548,826
97$41,236,649$7,606,074$4,250,227$28,982,510
98$45,338,313$7,874,297$4,288,135$31,655,945
99$49,855,055$8,152,373$4,324,023$34,593,318
100$54,829,111$8,440,679$4,357,718$37,821,271