Can I retire at age 68 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$224,615$222,614$220,662$218,757$216,897$215,620
2 years$111,196$109,125$107,118$105,172$103,284$101,996
3 years$73,394$71,314$69,312$67,384$65,528$64,268
4 years$54,497$52,423$50,442$48,547$46,735$45,514
5 years$43,162$41,101$39,145$37,289$35,527$34,348
6 years$35,607$33,562$31,635$29,820$28,111$26,976
7 years$30,213$28,185$26,289$24,517$22,862$21,770
8 years$26,170$24,160$22,295$20,566$18,966$17,918
9 years$23,027$21,035$19,203$17,518$15,972$14,968
10 years$20,513$18,542$16,741$15,101$13,609$12,648
11 years$18,458$16,507$14,739$13,142$11,704$10,786
12 years$16,747$14,815$13,080$11,527$10,143$9,266
13 years$15,300$13,389$11,686$10,177$8,845$8,009
14 years$14,061$12,170$10,500$9,034$7,753$6,957
15 years$12,988$11,118$9,480$8,057$6,827$6,070
16 years$12,051$10,200$8,595$7,214$6,033$5,314
17 years$11,224$9,394$7,821$6,482$5,350$4,667
18 years$10,490$8,680$7,140$5,841$4,757$4,110
19 years$9,834$8,045$6,536$5,278$4,240$3,627
20 years$9,244$7,476$5,999$4,780$3,787$3,207
21 years$8,712$6,963$5,518$4,338$3,389$2,841
22 years$8,228$6,500$5,085$3,945$3,038$2,521
23 years$7,787$6,079$4,695$3,592$2,727$2,239
24 years$7,383$5,696$4,342$3,277$2,451$1,992
25 years$7,013$5,345$4,022$2,992$2,205$1,773
26 years$6,671$5,024$3,730$2,736$1,987$1,580
27 years$6,355$4,728$3,464$2,504$1,791$1,409
28 years$6,062$4,455$3,220$2,295$1,616$1,257
29 years$5,790$4,203$2,997$2,104$1,459$1,123
30 years$5,537$3,969$2,791$1,931$1,319$1,003
31 years$5,300$3,752$2,602$1,774$1,192$897
32 years$5,079$3,550$2,428$1,630$1,078$802
33 years$4,871$3,362$2,267$1,499$976$718
34 years$4,676$3,187$2,118$1,379$884$642
35 years$4,493$3,023$1,980$1,270$800$575
36 years$4,320$2,869$1,852$1,169$725$515
37 years$4,157$2,725$1,734$1,077$657$461
38 years$4,003$2,589$1,624$993$596$413
39 years$3,857$2,462$1,521$916$540$370
40 years$3,719$2,343$1,426$844$490$332
41 years$3,588$2,230$1,337$779$445$298
42 years$3,463$2,124$1,254$719$403$267
43 years$3,345$2,024$1,177$664$366$239
44 years$3,232$1,929$1,105$613$332$214
45 years$3,124$1,839$1,037$566$302$192
46 years$3,022$1,755$974$523$274$173
47 years$2,924$1,674$915$483$249$155
48 years$2,831$1,599$860$446$226$139
49 years$2,741$1,526$808$412$205$125
50 years$2,656$1,458$760$381$186$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,720,000, adding $6,251 every year, while hoping to spend $46,454 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: 51/29/20 Blend
67$2,720,000$2,720,000$2,720,000$2,720,000
68$3,003,888$2,859,728$2,817,568$3,140,124
69$3,260,858$2,950,428$2,862,530$3,325,507
70$3,542,482$3,044,015$2,907,441$3,521,652
71$3,851,225$3,140,582$2,952,250$3,733,928
72$4,189,804$3,240,225$2,996,905$3,963,879
73$4,561,209$3,343,041$3,041,346$4,213,204
74$4,968,735$3,449,132$3,085,514$4,483,774
75$5,416,010$3,558,604$3,129,343$4,777,646
76$5,907,032$3,671,565$3,172,765$5,097,086
77$6,446,204$3,788,126$3,215,707$5,444,588
78$7,038,376$3,908,403$3,258,092$5,822,896
79$7,688,891$4,032,516$3,299,839$6,235,034
80$8,403,636$4,160,587$3,340,862$6,684,330
81$9,189,095$4,292,744$3,381,068$7,174,447
82$10,052,411$4,429,117$3,420,363$7,709,422
83$11,001,456$4,569,843$3,458,644$8,293,697
84$12,044,900$4,715,060$3,495,804$8,932,166
85$13,192,296$4,864,915$3,531,730$9,630,219
86$14,454,169$5,019,554$3,566,302$10,393,793
87$15,842,116$5,179,134$3,599,394$11,229,424
88$17,368,911$5,343,811$3,630,874$12,144,316
89$19,048,634$5,513,752$3,660,602$13,146,401
90$20,896,793$5,689,124$3,688,430$14,244,416
91$22,930,478$5,870,103$3,714,205$15,447,989
92$25,168,519$6,056,870$3,737,763$16,767,723
93$27,631,662$6,249,611$3,758,932$18,215,300
94$30,342,769$6,448,519$3,777,533$19,803,590
95$33,327,028$6,653,793$3,793,377$21,546,771
96$36,612,194$6,865,638$3,806,265$23,460,464
97$40,228,850$7,084,267$3,815,987$25,561,878
98$44,210,695$7,309,898$3,822,324$27,869,974
99$48,594,860$7,542,758$3,825,047$30,405,643
100$53,422,263$7,783,080$3,823,913$33,191,902