Can I retire at age 68 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$227,092$225,070$223,096$221,170$219,289$214,336
2 years$112,422$110,328$108,299$106,332$104,423$99,460
3 years$74,204$72,101$70,077$68,128$66,250$61,431
4 years$55,098$53,002$50,998$49,082$47,250$42,613
5 years$43,638$41,554$39,576$37,700$35,919$31,476
6 years$36,000$33,932$31,984$30,149$28,421$24,178
7 years$30,547$28,496$26,579$24,787$23,114$19,071
8 years$26,458$24,426$22,541$20,793$19,175$15,331
9 years$23,280$21,268$19,414$17,711$16,149$12,499
10 years$20,740$18,746$16,926$15,267$13,759$10,302
11 years$18,662$16,689$14,901$13,287$11,834$8,563
12 years$16,932$14,979$13,224$11,655$10,255$7,166
13 years$15,469$13,537$11,815$10,289$8,942$6,030
14 years$14,216$12,304$10,616$9,134$7,839$5,096
15 years$13,132$11,240$9,585$8,146$6,902$4,323
16 years$12,184$10,313$8,690$7,293$6,100$3,679
17 years$11,348$9,498$7,908$6,553$5,409$3,139
18 years$10,606$8,776$7,219$5,906$4,809$2,683
19 years$9,943$8,134$6,608$5,336$4,286$2,298
20 years$9,346$7,558$6,065$4,833$3,829$1,972
21 years$8,808$7,040$5,578$4,386$3,426$1,694
22 years$8,319$6,572$5,141$3,988$3,071$1,456
23 years$7,873$6,146$4,747$3,632$2,757$1,254
24 years$7,465$5,759$4,390$3,313$2,478$1,080
25 years$7,090$5,404$4,066$3,025$2,230$931
26 years$6,744$5,079$3,771$2,766$2,008$803
27 years$6,425$4,780$3,502$2,532$1,811$693
28 years$6,129$4,504$3,256$2,320$1,634$598
29 years$5,854$4,249$3,030$2,127$1,475$517
30 years$5,598$4,013$2,822$1,952$1,333$446
31 years$5,359$3,794$2,631$1,793$1,205$386
32 years$5,135$3,590$2,455$1,648$1,090$334
33 years$4,925$3,399$2,292$1,515$987$288
34 years$4,728$3,222$2,141$1,394$893$249
35 years$4,542$3,056$2,002$1,284$809$216
36 years$4,368$2,900$1,873$1,182$733$187
37 years$4,203$2,755$1,753$1,089$664$161
38 years$4,047$2,618$1,642$1,004$602$140
39 years$3,899$2,489$1,538$926$546$121
40 years$3,760$2,369$1,442$854$495$105
41 years$3,627$2,255$1,352$788$449$91
42 years$3,501$2,147$1,268$727$408$78
43 years$3,381$2,046$1,190$671$370$68
44 years$3,267$1,950$1,117$620$336$59
45 years$3,159$1,860$1,049$572$305$51
46 years$3,055$1,774$985$529$277$44
47 years$2,956$1,693$925$488$251$38
48 years$2,862$1,616$870$451$228$33
49 years$2,771$1,543$817$417$207$29
50 years$2,685$1,474$768$385$188$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,750,000, adding $3,278 every year, while hoping to spend $47,332 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: 65/14/21 Blend
67$2,750,000$2,750,000$2,750,000$2,750,000
68$3,033,881$2,888,131$2,845,506$3,214,623
69$3,292,976$2,979,289$2,890,470$3,427,669
70$3,576,913$3,073,327$2,935,353$3,654,732
71$3,888,174$3,170,336$2,980,104$3,901,779
72$4,229,496$3,270,411$3,024,666$4,170,772
73$4,603,892$3,373,649$3,068,980$4,463,870
74$5,014,681$3,480,149$3,112,982$4,783,453
75$5,465,518$3,590,016$3,156,606$5,132,139
76$5,960,429$3,703,355$3,199,781$5,512,812
77$6,503,850$3,820,276$3,242,431$5,928,650
78$7,100,667$3,940,894$3,284,477$6,383,153
79$7,756,262$4,065,325$3,325,834$6,880,173
80$8,476,564$4,193,690$3,366,413$7,423,958
81$9,268,106$4,326,113$3,406,120$8,019,185
82$10,138,084$4,462,723$3,444,856$8,671,004
83$11,094,426$4,603,654$3,482,516$9,385,092
84$12,145,865$4,749,041$3,518,988$10,167,702
85$13,302,025$4,899,025$3,554,156$11,025,721
86$14,573,508$5,053,754$3,587,896$11,966,739
87$15,971,994$5,213,376$3,620,079$12,999,117
88$17,510,353$5,378,048$3,650,568$14,132,068
89$19,202,766$5,547,928$3,679,218$15,375,739
90$21,064,855$5,723,184$3,705,879$16,741,314
91$23,113,834$5,903,984$3,730,390$18,241,113
92$25,368,670$6,090,504$3,752,583$19,888,714
93$27,850,262$6,282,927$3,772,283$21,699,073
94$30,581,638$6,481,439$3,789,303$23,688,672
95$33,588,169$6,686,234$3,803,448$25,875,673
96$36,897,813$6,897,510$3,814,515$28,280,086
97$40,541,376$7,115,474$3,822,287$30,923,961
98$44,552,802$7,340,338$3,826,539$33,831,595
99$48,969,494$7,572,321$3,827,035$37,029,761
100$53,832,666$7,811,648$3,823,524$40,547,959