Can I retire at age 68 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$227,918$225,888$223,907$221,974$220,086$218,333
2 years$112,831$110,729$108,693$106,718$104,803$103,036
3 years$74,473$72,363$70,331$68,375$66,491$64,765
4 years$55,298$53,194$51,183$49,261$47,422$45,750
5 years$43,796$41,705$39,720$37,837$36,050$34,436
6 years$36,131$34,055$32,100$30,258$28,525$26,972
7 years$30,658$28,600$26,675$24,877$23,198$21,707
8 years$26,555$24,515$22,623$20,869$19,245$17,816
9 years$23,365$21,345$19,485$17,776$16,207$14,839
10 years$20,815$18,814$16,987$15,323$13,809$12,502
11 years$18,730$16,749$14,955$13,335$11,877$10,628
12 years$16,993$15,033$13,273$11,697$10,292$9,102
13 years$15,525$13,586$11,858$10,327$8,975$7,842
14 years$14,268$12,349$10,655$9,167$7,867$6,790
15 years$13,179$11,281$9,620$8,175$6,927$5,904
16 years$12,228$10,350$8,722$7,320$6,122$5,152
17 years$11,389$9,532$7,936$6,577$5,428$4,509
18 years$10,644$8,808$7,245$5,927$4,827$3,956
19 years$9,979$8,163$6,632$5,356$4,302$3,479
20 years$9,380$7,586$6,087$4,851$3,843$3,066
21 years$8,840$7,066$5,599$4,402$3,439$2,706
22 years$8,349$6,596$5,160$4,003$3,082$2,391
23 years$7,901$6,169$4,764$3,645$2,767$2,116
24 years$7,492$5,780$4,406$3,325$2,487$1,875
25 years$7,116$5,424$4,081$3,036$2,238$1,663
26 years$6,769$5,098$3,785$2,776$2,016$1,476
27 years$6,449$4,798$3,515$2,541$1,817$1,311
28 years$6,151$4,521$3,267$2,328$1,640$1,165
29 years$5,875$4,265$3,041$2,135$1,481$1,037
30 years$5,618$4,028$2,832$1,959$1,338$922
31 years$5,378$3,807$2,640$1,800$1,210$821
32 years$5,153$3,603$2,464$1,654$1,094$731
33 years$4,943$3,412$2,300$1,521$990$652
34 years$4,745$3,234$2,149$1,399$897$581
35 years$4,559$3,067$2,009$1,288$812$518
36 years$4,384$2,911$1,880$1,186$736$462
37 years$4,218$2,765$1,759$1,093$667$412
38 years$4,062$2,628$1,648$1,008$605$367
39 years$3,914$2,499$1,544$929$548$328
40 years$3,773$2,377$1,447$857$497$293
41 years$3,640$2,263$1,357$791$451$261
42 years$3,514$2,155$1,273$730$409$233
43 years$3,394$2,053$1,194$673$372$208
44 years$3,279$1,957$1,121$622$337$186
45 years$3,170$1,866$1,052$574$306$166
46 years$3,066$1,780$989$530$278$148
47 years$2,967$1,699$929$490$252$132
48 years$2,872$1,622$873$453$229$118
49 years$2,782$1,549$820$419$208$106
50 years$2,695$1,480$771$387$189$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,760,000, adding $6,846 every year, while hoping to spend $45,414 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: 30/50/20 Blend
67$2,760,000$2,760,000$2,760,000$2,760,000
68$3,048,582$2,902,302$2,859,522$3,120,745
69$3,311,217$2,996,194$2,906,995$3,270,054
70$3,599,119$3,093,166$2,954,538$3,426,017
71$3,914,817$3,193,318$3,002,102$3,592,846
72$4,261,096$3,296,759$3,049,641$3,771,507
73$4,641,026$3,403,598$3,097,102$3,963,062
74$5,057,985$3,513,949$3,144,429$4,168,677
75$5,515,697$3,627,930$3,191,565$4,389,632
76$6,018,262$3,745,662$3,238,446$4,627,334
77$6,570,197$3,867,273$3,285,007$4,883,330
78$7,176,479$3,992,891$3,331,177$5,159,317
79$7,842,590$4,122,652$3,376,881$5,457,165
80$8,574,568$4,256,697$3,422,041$5,778,926
81$9,379,067$4,395,168$3,466,572$6,126,859
82$10,263,417$4,538,216$3,510,388$6,503,446
83$11,235,693$4,685,996$3,553,393$6,911,421
84$12,304,791$4,838,667$3,595,489$7,353,788
85$13,480,514$4,996,396$3,636,571$7,833,852
86$14,773,660$5,159,353$3,676,530$8,355,251
87$16,196,128$5,327,716$3,715,249$8,921,988
88$17,761,028$5,501,669$3,752,605$9,538,468
89$19,482,804$5,681,402$3,788,468$10,209,539
90$21,377,371$5,867,111$3,822,702$10,940,539
91$23,462,264$6,059,001$3,855,164$11,737,341
92$25,756,805$6,257,283$3,885,703$12,606,413
93$28,282,283$6,462,173$3,914,157$13,554,875
94$31,062,156$6,673,900$3,940,362$14,590,566
95$34,122,270$6,892,695$3,964,138$15,722,117
96$37,491,108$7,118,803$3,985,303$16,959,034
97$41,200,050$7,352,474$4,003,660$18,311,782
98$45,283,677$7,593,967$4,019,004$19,791,888
99$49,780,092$7,843,552$4,031,122$21,412,046
100$54,731,283$8,101,507$4,039,785$23,186,237