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

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$227,092$225,070$223,096$221,170$219,289$211,508
2 years$112,422$110,328$108,299$106,332$104,423$96,667
3 years$74,204$72,101$70,077$68,128$66,250$58,763
4 years$55,098$53,002$50,998$49,082$47,250$40,089
5 years$43,638$41,554$39,576$37,700$35,919$29,102
6 years$36,000$33,932$31,984$30,149$28,421$21,954
7 years$30,547$28,496$26,579$24,787$23,114$16,995
8 years$26,458$24,426$22,541$20,793$19,175$13,399
9 years$23,280$21,268$19,414$17,711$16,149$10,708
10 years$20,740$18,746$16,926$15,267$13,759$8,645
11 years$18,662$16,689$14,901$13,287$11,834$7,035
12 years$16,932$14,979$13,224$11,655$10,255$5,760
13 years$15,469$13,537$11,815$10,289$8,942$4,740
14 years$14,216$12,304$10,616$9,134$7,839$3,916
15 years$13,132$11,240$9,585$8,146$6,902$3,246
16 years$12,184$10,313$8,690$7,293$6,100$2,697
17 years$11,348$9,498$7,908$6,553$5,409$2,246
18 years$10,606$8,776$7,219$5,906$4,809$1,874
19 years$9,943$8,134$6,608$5,336$4,286$1,566
20 years$9,346$7,558$6,065$4,833$3,829$1,310
21 years$8,808$7,040$5,578$4,386$3,426$1,097
22 years$8,319$6,572$5,141$3,988$3,071$919
23 years$7,873$6,146$4,747$3,632$2,757$771
24 years$7,465$5,759$4,390$3,313$2,478$647
25 years$7,090$5,404$4,066$3,025$2,230$543
26 years$6,744$5,079$3,771$2,766$2,008$456
27 years$6,425$4,780$3,502$2,532$1,811$383
28 years$6,129$4,504$3,256$2,320$1,634$322
29 years$5,854$4,249$3,030$2,127$1,475$271
30 years$5,598$4,013$2,822$1,952$1,333$228
31 years$5,359$3,794$2,631$1,793$1,205$192
32 years$5,135$3,590$2,455$1,648$1,090$161
33 years$4,925$3,399$2,292$1,515$987$136
34 years$4,728$3,222$2,141$1,394$893$114
35 years$4,542$3,056$2,002$1,284$809$96
36 years$4,368$2,900$1,873$1,182$733$81
37 years$4,203$2,755$1,753$1,089$664$68
38 years$4,047$2,618$1,642$1,004$602$57
39 years$3,899$2,489$1,538$926$546$48
40 years$3,760$2,369$1,442$854$495$40
41 years$3,627$2,255$1,352$788$449$34
42 years$3,501$2,147$1,268$727$408$29
43 years$3,381$2,046$1,190$671$370$24
44 years$3,267$1,950$1,117$620$336$20
45 years$3,159$1,860$1,049$572$305$17
46 years$3,055$1,774$985$529$277$14
47 years$2,956$1,693$925$488$251$12
48 years$2,862$1,616$870$451$228$10
49 years$2,771$1,543$817$417$207$9
50 years$2,685$1,474$768$385$188$7

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 $3,577 every year, while hoping to spend $52,623 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: 53/39/8 Blend
67$2,750,000$2,750,000$2,750,000$2,750,000
68$3,034,190$2,888,440$2,845,815$3,188,850
69$3,287,687$2,973,983$2,885,159$3,379,684
70$3,565,276$3,061,954$2,924,058$3,581,153
71$3,869,361$3,152,416$2,962,440$3,799,077
72$4,202,586$3,245,434$3,000,232$4,035,022
73$4,567,864$3,341,075$3,037,354$4,290,710
74$4,968,404$3,439,405$3,073,723$4,568,036
75$5,407,739$3,540,494$3,109,251$4,869,084
76$5,889,763$3,644,412$3,143,845$5,196,150
77$6,418,761$3,751,231$3,177,406$5,551,758
78$6,999,456$3,861,023$3,209,831$5,938,689
79$7,637,051$3,973,864$3,241,011$6,360,002
80$8,337,276$4,089,829$3,270,830$6,819,065
81$9,106,443$4,208,995$3,299,168$7,319,588
82$9,951,506$4,331,442$3,325,895$7,865,653
83$10,880,126$4,457,249$3,350,879$8,461,758
84$11,900,742$4,586,497$3,373,977$9,112,852
85$13,022,653$4,719,271$3,395,041$9,824,389
86$14,256,102$4,855,653$3,413,913$10,602,373
87$15,612,374$4,995,731$3,430,429$11,453,416
88$17,103,904$5,139,589$3,444,416$12,384,804
89$18,744,391$5,287,318$3,455,693$13,404,557
90$20,548,928$5,439,005$3,464,067$14,521,513
91$22,534,145$5,594,743$3,469,340$15,745,405
92$24,718,364$5,754,622$3,471,299$17,086,955
93$27,121,775$5,918,736$3,469,725$18,557,975
94$29,766,621$6,087,179$3,464,386$20,171,475
95$32,677,412$6,260,046$3,455,038$21,941,791
96$35,881,152$6,437,433$3,441,427$23,884,713
97$39,407,600$6,619,437$3,423,285$26,017,639
98$43,289,543$6,806,157$3,400,332$28,359,736
99$47,563,108$6,997,690$3,372,275$30,932,122
100$52,268,105$7,194,137$3,338,806$33,758,063