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

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$223,789$221,796$219,851$217,953$216,099$211,477
2 years$110,787$108,723$106,724$104,785$102,904$98,270
3 years$73,124$71,052$69,057$67,137$65,287$60,785
4 years$54,297$52,231$50,256$48,368$46,563$42,228
5 years$43,003$40,950$39,001$37,151$35,397$31,241
6 years$35,476$33,438$31,518$29,710$28,008$24,037
7 years$30,102$28,081$26,192$24,426$22,778$18,991
8 years$26,074$24,071$22,213$20,491$18,897$15,293
9 years$22,942$20,958$19,132$17,454$15,914$12,491
10 years$20,438$18,474$16,680$15,045$13,559$10,314
11 years$18,391$16,446$14,684$13,094$11,661$8,590
12 years$16,686$14,761$13,032$11,485$10,106$7,202
13 years$15,244$13,340$11,643$10,140$8,812$6,073
14 years$14,010$12,125$10,462$9,001$7,725$5,143
15 years$12,941$11,077$9,445$8,027$6,801$4,372
16 years$12,006$10,163$8,564$7,187$6,011$3,728
17 years$11,183$9,359$7,793$6,458$5,330$3,188
18 years$10,451$8,649$7,114$5,820$4,739$2,731
19 years$9,798$8,015$6,512$5,259$4,224$2,345
20 years$9,210$7,448$5,977$4,763$3,773$2,016
21 years$8,680$6,938$5,497$4,322$3,376$1,736
22 years$8,198$6,476$5,067$3,930$3,026$1,496
23 years$7,758$6,057$4,678$3,579$2,717$1,291
24 years$7,356$5,675$4,326$3,264$2,442$1,114
25 years$6,987$5,326$4,007$2,981$2,197$963
26 years$6,646$5,005$3,716$2,726$1,979$833
27 years$6,332$4,711$3,451$2,495$1,784$720
28 years$6,040$4,439$3,208$2,286$1,610$623
29 years$5,769$4,187$2,985$2,096$1,454$540
30 years$5,516$3,955$2,781$1,924$1,314$468
31 years$5,281$3,738$2,593$1,767$1,188$405
32 years$5,060$3,537$2,419$1,624$1,074$351
33 years$4,853$3,350$2,259$1,493$972$304
34 years$4,659$3,175$2,110$1,374$880$264
35 years$4,476$3,011$1,973$1,265$797$229
36 years$4,304$2,858$1,846$1,165$722$198
37 years$4,142$2,715$1,727$1,073$655$172
38 years$3,988$2,580$1,618$989$594$149
39 years$3,843$2,453$1,516$912$538$129
40 years$3,705$2,334$1,421$841$488$112
41 years$3,574$2,222$1,332$776$443$97
42 years$3,450$2,116$1,250$716$402$85
43 years$3,332$2,016$1,172$661$365$73
44 years$3,220$1,922$1,101$611$331$64
45 years$3,113$1,833$1,033$564$301$55
46 years$3,011$1,748$971$521$273$48
47 years$2,913$1,668$912$481$248$42
48 years$2,820$1,593$857$445$225$36
49 years$2,731$1,521$805$411$204$31
50 years$2,646$1,453$757$380$186$27

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 $6,032 every year, while hoping to spend $35,645 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: 58/16/26 Blend
67$2,710,000$2,710,000$2,710,000$2,710,000
68$2,992,642$2,849,012$2,807,007$3,144,755
69$3,259,965$2,950,688$2,863,116$3,351,102
70$3,553,361$3,056,151$2,919,909$3,571,681
71$3,875,451$3,165,549$2,977,373$3,811,444
72$4,229,123$3,279,037$3,035,491$4,072,258
73$4,617,558$3,396,774$3,094,245$4,356,178
74$5,044,262$3,518,929$3,153,615$4,665,468
75$5,513,094$3,645,673$3,213,578$5,002,618
76$6,028,307$3,777,190$3,274,111$5,370,370
77$6,594,589$3,913,666$3,335,188$5,771,745
78$7,217,099$4,055,298$3,396,779$6,210,067
79$7,901,527$4,202,291$3,458,855$6,688,997
80$8,654,137$4,354,858$3,521,381$7,212,567
81$9,481,833$4,513,220$3,584,321$7,785,216
82$10,392,221$4,677,608$3,647,636$8,411,835
83$11,393,680$4,848,264$3,711,285$9,097,809
84$12,495,444$5,025,437$3,775,222$9,849,069
85$13,707,685$5,209,390$3,839,398$10,672,149
86$15,041,613$5,400,394$3,903,761$11,574,244
87$16,509,578$5,598,733$3,968,257$12,563,282
88$18,125,187$5,804,703$4,032,826$13,647,993
89$19,903,434$6,018,612$4,097,404$14,837,996
90$21,860,842$6,240,781$4,161,924$16,143,886
91$24,015,613$6,471,545$4,226,314$17,577,337
92$26,387,808$6,711,253$4,290,498$19,151,207
93$28,999,528$6,960,268$4,354,394$20,879,663
94$31,875,129$7,218,971$4,417,915$22,778,312
95$35,041,448$7,487,755$4,480,970$24,864,349
96$38,528,055$7,767,035$4,543,462$27,156,718
97$42,367,535$8,057,239$4,605,288$29,676,290
98$46,595,796$8,358,816$4,666,337$32,446,063
99$51,252,403$8,672,234$4,726,495$35,491,371
100$56,380,955$8,997,979$4,785,639$38,840,131