Can I retire at age 68 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$228,744$226,706$224,719$222,778$220,884$219,492
2 years$113,240$111,131$109,087$107,105$105,183$103,779
3 years$74,743$72,625$70,586$68,623$66,732$65,359
4 years$55,499$53,387$51,369$49,439$47,594$46,263
5 years$43,955$41,856$39,864$37,974$36,180$34,895
6 years$36,262$34,179$32,216$30,368$28,628$27,391
7 years$30,769$28,703$26,772$24,967$23,282$22,093
8 years$26,651$24,604$22,705$20,944$19,315$18,174
9 years$23,450$21,422$19,556$17,840$16,266$15,173
10 years$20,890$18,883$17,049$15,378$13,859$12,813
11 years$18,798$16,810$15,010$13,384$11,920$10,920
12 years$17,055$15,088$13,321$11,739$10,329$9,375
13 years$15,582$13,635$11,901$10,364$9,007$8,098
14 years$14,320$12,394$10,693$9,200$7,896$7,030
15 years$13,227$11,322$9,655$8,205$6,952$6,129
16 years$12,272$10,388$8,753$7,347$6,144$5,363
17 years$11,430$9,567$7,965$6,601$5,448$4,706
18 years$10,683$8,840$7,271$5,949$4,844$4,141
19 years$10,015$8,193$6,656$5,375$4,318$3,652
20 years$9,414$7,613$6,109$4,868$3,857$3,228
21 years$8,872$7,091$5,619$4,418$3,451$2,857
22 years$8,379$6,620$5,179$4,017$3,093$2,533
23 years$7,930$6,191$4,782$3,659$2,777$2,248
24 years$7,519$5,801$4,422$3,337$2,496$1,998
25 years$7,141$5,444$4,096$3,047$2,246$1,777
26 years$6,794$5,116$3,799$2,786$2,023$1,583
27 years$6,472$4,815$3,527$2,550$1,824$1,410
28 years$6,174$4,537$3,279$2,337$1,646$1,258
29 years$5,897$4,280$3,052$2,143$1,486$1,122
30 years$5,639$4,042$2,842$1,967$1,343$1,002
31 years$5,398$3,821$2,650$1,806$1,214$895
32 years$5,172$3,616$2,472$1,660$1,098$800
33 years$4,961$3,424$2,309$1,526$994$715
34 years$4,762$3,245$2,157$1,404$900$639
35 years$4,575$3,078$2,017$1,293$815$572
36 years$4,399$2,922$1,886$1,191$738$512
37 years$4,233$2,775$1,766$1,097$669$458
38 years$4,076$2,637$1,654$1,011$607$410
39 years$3,928$2,508$1,549$932$550$367
40 years$3,787$2,386$1,452$860$499$329
41 years$3,653$2,271$1,362$793$453$294
42 years$3,527$2,163$1,277$732$411$264
43 years$3,406$2,061$1,198$676$373$236
44 years$3,291$1,964$1,125$624$338$212
45 years$3,182$1,873$1,056$576$307$190
46 years$3,077$1,787$992$532$279$170
47 years$2,978$1,705$932$492$253$152
48 years$2,883$1,628$876$455$230$137
49 years$2,792$1,555$823$420$209$122
50 years$2,704$1,485$774$388$190$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,770,000, adding $5,061 every year, while hoping to spend $53,687 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: 68/26/6 Blend
67$2,770,000$2,770,000$2,770,000$2,770,000
68$3,057,760$2,910,950$2,868,015$3,262,703
69$3,312,529$2,996,464$2,906,971$3,484,599
70$3,591,486$3,084,369$2,945,433$3,720,149
71$3,897,039$3,174,725$2,983,327$3,976,268
72$4,231,845$3,267,595$3,020,576$4,254,958
73$4,598,826$3,363,039$3,057,098$4,558,421
74$5,001,201$3,461,124$3,092,807$4,889,083
75$5,442,518$3,561,914$3,127,610$5,249,612
76$5,926,683$3,665,475$3,161,412$5,642,949
77$6,457,996$3,771,874$3,194,111$6,072,329
78$7,041,197$3,881,182$3,225,599$6,541,316
79$7,681,505$3,993,466$3,255,764$7,053,832
80$8,384,672$4,108,799$3,284,485$7,614,201
81$9,157,031$4,227,252$3,311,637$8,227,179
82$10,005,559$4,348,899$3,337,088$8,898,008
83$10,937,945$4,473,814$3,360,700$9,632,461
84$11,962,656$4,602,072$3,382,324$10,436,894
85$13,089,023$4,733,749$3,401,807$11,318,311
86$14,327,324$4,868,923$3,418,988$12,284,425
87$15,688,882$5,007,672$3,433,696$13,343,733
88$17,186,176$5,150,075$3,445,752$14,505,596
89$18,832,949$5,296,212$3,454,968$15,780,324
90$20,644,347$5,446,164$3,461,147$17,179,276
91$22,637,057$5,600,012$3,464,082$18,714,966
92$24,829,463$5,757,840$3,463,555$20,401,180
93$27,241,823$5,919,728$3,459,339$22,253,107
94$29,896,456$6,085,761$3,451,193$24,287,480
95$32,817,954$6,256,023$3,438,868$26,522,735
96$36,033,415$6,430,598$3,422,099$28,979,185
97$39,572,695$6,609,570$3,400,612$31,679,211
98$43,468,695$6,793,023$3,374,117$34,647,469
99$47,757,663$6,981,043$3,342,311$37,911,131
100$52,479,543$7,173,713$3,304,878$41,500,130