Can I retire at age 68 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$223,789$221,796$219,851$217,953$216,099$213,576
2 years$110,787$108,723$106,724$104,785$102,904$100,365
3 years$73,124$71,052$69,057$67,137$65,287$62,809
4 years$54,297$52,231$50,256$48,368$46,563$44,167
5 years$43,003$40,950$39,001$37,151$35,397$33,089
6 years$35,476$33,438$31,518$29,710$28,008$25,792
7 years$30,102$28,081$26,192$24,426$22,778$20,654
8 years$26,074$24,071$22,213$20,491$18,897$16,864
9 years$22,942$20,958$19,132$17,454$15,914$13,973
10 years$20,438$18,474$16,680$15,045$13,559$11,708
11 years$18,391$16,446$14,684$13,094$11,661$9,898
12 years$16,686$14,761$13,032$11,485$10,106$8,429
13 years$15,244$13,340$11,643$10,140$8,812$7,220
14 years$14,010$12,125$10,462$9,001$7,725$6,214
15 years$12,941$11,077$9,445$8,027$6,801$5,371
16 years$12,006$10,163$8,564$7,187$6,011$4,657
17 years$11,183$9,359$7,793$6,458$5,330$4,051
18 years$10,451$8,649$7,114$5,820$4,739$3,532
19 years$9,798$8,015$6,512$5,259$4,224$3,086
20 years$9,210$7,448$5,977$4,763$3,773$2,701
21 years$8,680$6,938$5,497$4,322$3,376$2,368
22 years$8,198$6,476$5,067$3,930$3,026$2,079
23 years$7,758$6,057$4,678$3,579$2,717$1,827
24 years$7,356$5,675$4,326$3,264$2,442$1,608
25 years$6,987$5,326$4,007$2,981$2,197$1,416
26 years$6,646$5,005$3,716$2,726$1,979$1,248
27 years$6,332$4,711$3,451$2,495$1,784$1,100
28 years$6,040$4,439$3,208$2,286$1,610$971
29 years$5,769$4,187$2,985$2,096$1,454$857
30 years$5,516$3,955$2,781$1,924$1,314$757
31 years$5,281$3,738$2,593$1,767$1,188$669
32 years$5,060$3,537$2,419$1,624$1,074$592
33 years$4,853$3,350$2,259$1,493$972$523
34 years$4,659$3,175$2,110$1,374$880$463
35 years$4,476$3,011$1,973$1,265$797$410
36 years$4,304$2,858$1,846$1,165$722$363
37 years$4,142$2,715$1,727$1,073$655$321
38 years$3,988$2,580$1,618$989$594$284
39 years$3,843$2,453$1,516$912$538$252
40 years$3,705$2,334$1,421$841$488$223
41 years$3,574$2,222$1,332$776$443$197
42 years$3,450$2,116$1,250$716$402$175
43 years$3,332$2,016$1,172$661$365$155
44 years$3,220$1,922$1,101$611$331$137
45 years$3,113$1,833$1,033$564$301$122
46 years$3,011$1,748$971$521$273$108
47 years$2,913$1,668$912$481$248$95
48 years$2,820$1,593$857$445$225$85
49 years$2,731$1,521$805$411$204$75
50 years$2,646$1,453$757$380$186$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,710,000, adding $6,682 every year, while hoping to spend $52,921 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: 77/16/7 Blend
67$2,710,000$2,710,000$2,710,000$2,710,000
68$2,993,312$2,849,682$2,807,677$3,220,746
69$3,242,323$2,933,009$2,845,427$3,454,365
70$3,514,959$3,018,646$2,882,668$3,702,932
71$3,813,574$3,106,648$2,919,326$3,973,904
72$4,140,760$3,197,076$2,955,326$4,269,484
73$4,499,373$3,289,988$2,990,585$4,592,099
74$4,892,556$3,385,445$3,025,017$4,944,422
75$5,323,773$3,483,508$3,058,531$5,329,394
76$5,796,838$3,584,240$3,091,031$5,750,256
77$6,315,952$3,687,704$3,122,417$6,210,576
78$6,885,742$3,793,964$3,152,581$6,714,284
79$7,511,305$3,903,087$3,181,410$7,265,709
80$8,198,258$4,015,137$3,208,787$7,869,617
81$8,952,785$4,130,184$3,234,586$8,531,261
82$9,781,700$4,248,294$3,258,676$9,256,423
83$10,692,510$4,369,537$3,280,919$10,051,476
84$11,693,485$4,493,983$3,301,168$10,923,438
85$12,793,735$4,621,703$3,319,272$11,880,041
86$14,003,297$4,752,767$3,335,068$12,929,802
87$15,333,229$4,887,249$3,348,389$14,082,104
88$16,795,715$5,025,220$3,359,056$15,347,286
89$18,404,177$5,166,755$3,366,884$16,736,735
90$20,173,404$5,311,927$3,371,675$18,263,000
91$22,119,690$5,460,810$3,373,225$19,939,904
92$24,260,988$5,613,480$3,371,318$21,782,679
93$26,617,079$5,770,010$3,365,727$23,808,105
94$29,209,757$5,930,477$3,356,215$26,034,672
95$32,063,038$6,094,955$3,342,534$28,482,752
96$35,203,380$6,263,521$3,324,421$31,174,793
97$38,659,939$6,436,248$3,301,604$34,135,525
98$42,464,841$6,613,212$3,273,795$37,392,201
99$46,653,483$6,794,487$3,240,695$40,974,848
100$51,264,869$6,980,147$3,201,989$44,916,554