Can I retire at age 68 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$225,441$223,433$221,474$219,561$217,694$209,139
2 years$111,604$109,526$107,511$105,558$103,664$95,150
3 years$73,664$71,576$69,567$67,632$65,769$57,563
4 years$54,697$52,616$50,627$48,725$46,907$39,073
5 years$43,320$41,252$39,289$37,426$35,658$28,215
6 years$35,738$33,685$31,751$29,930$28,215$21,168
7 years$30,324$28,289$26,385$24,607$22,946$16,293
8 years$26,266$24,249$22,377$20,642$19,036$12,770
9 years$23,111$21,113$19,273$17,582$16,031$10,142
10 years$20,589$18,610$16,803$15,156$13,659$8,137
11 years$18,526$16,567$14,793$13,190$11,747$6,578
12 years$16,809$14,870$13,128$11,570$10,180$5,350
13 years$15,357$13,438$11,729$10,214$8,877$4,373
14 years$14,113$12,215$10,539$9,067$7,782$3,587
15 years$13,036$11,158$9,515$8,086$6,852$2,952
16 years$12,095$10,238$8,627$7,240$6,056$2,436
17 years$11,265$9,429$7,850$6,505$5,369$2,014
18 years$10,529$8,712$7,166$5,863$4,774$1,667
19 years$9,870$8,075$6,560$5,297$4,255$1,383
20 years$9,278$7,503$6,021$4,798$3,801$1,148
21 years$8,744$6,989$5,538$4,354$3,401$954
22 years$8,258$6,524$5,104$3,959$3,049$793
23 years$7,816$6,102$4,713$3,606$2,737$660
24 years$7,410$5,717$4,358$3,289$2,460$549
25 years$7,038$5,365$4,037$3,003$2,214$458
26 years$6,695$5,042$3,744$2,746$1,994$381
27 years$6,378$4,745$3,477$2,514$1,798$318
28 years$6,085$4,472$3,232$2,303$1,622$265
29 years$5,811$4,218$3,008$2,112$1,465$221
30 years$5,557$3,984$2,801$1,938$1,323$184
31 years$5,320$3,766$2,612$1,780$1,196$154
32 years$5,097$3,563$2,437$1,636$1,082$128
33 years$4,889$3,375$2,275$1,504$979$107
34 years$4,693$3,198$2,126$1,384$887$89
35 years$4,509$3,034$1,987$1,274$803$74
36 years$4,336$2,879$1,859$1,173$728$62
37 years$4,172$2,735$1,740$1,081$660$52
38 years$4,017$2,599$1,630$997$598$43
39 years$3,871$2,471$1,527$919$542$36
40 years$3,732$2,351$1,431$848$492$30
41 years$3,601$2,238$1,342$782$446$25
42 years$3,476$2,132$1,259$722$405$21
43 years$3,357$2,031$1,181$666$367$18
44 years$3,244$1,936$1,109$615$334$15
45 years$3,136$1,846$1,041$568$303$12
46 years$3,033$1,761$978$525$275$10
47 years$2,935$1,681$919$485$250$9
48 years$2,841$1,604$863$448$227$7
49 years$2,751$1,532$811$414$206$6
50 years$2,665$1,464$763$383$187$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,730,000, adding $4,474 every year, while hoping to spend $26,544 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: 61/32/7 Blend
67$2,730,000$2,730,000$2,730,000$2,730,000
68$3,013,075$2,868,385$2,826,070$3,192,390
69$3,292,166$2,980,693$2,892,501$3,425,143
70$3,598,835$3,097,615$2,960,267$3,675,514
71$3,935,866$3,219,348$3,029,386$3,948,011
72$4,306,328$3,346,100$3,099,874$4,244,766
73$4,713,600$3,478,086$3,171,747$4,568,126
74$5,161,407$3,615,532$3,245,021$4,920,671
75$5,653,852$3,758,674$3,319,710$5,305,238
76$6,195,455$3,907,759$3,395,830$5,724,952
77$6,791,195$4,063,043$3,473,394$6,183,247
78$7,446,561$4,224,796$3,552,417$6,683,902
79$8,167,598$4,393,299$3,632,911$7,231,079
80$8,960,968$4,568,845$3,714,888$7,829,353
81$9,834,010$4,751,742$3,798,360$8,483,763
82$10,794,812$4,942,310$3,883,338$9,199,855
83$11,852,284$5,140,885$3,969,831$9,983,730
84$13,016,244$5,347,816$4,057,848$10,842,108
85$14,297,513$5,563,470$4,147,397$11,782,386
86$15,708,009$5,788,230$4,238,485$12,812,704
87$17,260,869$6,022,496$4,331,117$13,942,028
88$18,970,565$6,266,686$4,425,298$15,180,228
89$20,853,047$6,521,238$4,521,029$16,538,173
90$22,925,888$6,786,609$4,618,314$18,027,828
91$25,208,452$7,063,277$4,717,151$19,662,372
92$27,722,078$7,351,741$4,817,539$21,456,317
93$30,490,278$7,652,524$4,919,475$23,425,644
94$33,538,961$7,966,173$5,022,952$25,587,952
95$36,896,679$8,293,259$5,127,965$27,962,625
96$40,594,891$8,634,380$5,234,502$30,571,012
97$44,668,266$8,990,160$5,342,554$33,436,626
98$49,155,004$9,361,253$5,452,105$36,585,366
99$54,097,203$9,748,343$5,563,139$40,045,758
100$59,541,251$10,152,145$5,675,637$43,849,223