Can I retire at age 68 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$230,396$228,343$226,341$224,387$222,479$221,448
2 years$114,057$111,933$109,874$107,878$105,942$104,902
3 years$75,283$73,149$71,096$69,119$67,214$66,196
4 years$55,899$53,773$51,740$49,796$47,938$46,950
5 years$44,272$42,158$40,152$38,248$36,441$35,487
6 years$36,524$34,425$32,449$30,587$28,835$27,915
7 years$30,991$28,910$26,965$25,148$23,450$22,566
8 years$26,843$24,782$22,869$21,096$19,454$18,605
9 years$23,619$21,577$19,697$17,969$16,383$15,569
10 years$21,041$19,019$17,172$15,489$13,960$13,179
11 years$18,933$16,931$15,118$13,480$12,006$11,259
12 years$17,178$15,197$13,417$11,824$10,404$9,691
13 years$15,694$13,733$11,987$10,439$9,072$8,392
14 years$14,423$12,483$10,770$9,266$7,953$7,305
15 years$13,323$11,404$9,724$8,264$7,002$6,385
16 years$12,361$10,463$8,816$7,400$6,189$5,602
17 years$11,513$9,636$8,023$6,648$5,487$4,930
18 years$10,760$8,904$7,324$5,992$4,879$4,350
19 years$10,087$8,252$6,704$5,414$4,349$3,848
20 years$9,482$7,668$6,153$4,903$3,884$3,410
21 years$8,936$7,143$5,660$4,450$3,476$3,027
22 years$8,440$6,667$5,216$4,046$3,116$2,692
23 years$7,987$6,236$4,816$3,685$2,797$2,396
24 years$7,573$5,843$4,454$3,361$2,514$2,136
25 years$7,193$5,483$4,125$3,069$2,262$1,906
26 years$6,843$5,153$3,826$2,806$2,038$1,703
27 years$6,519$4,850$3,553$2,569$1,837$1,522
28 years$6,218$4,570$3,303$2,354$1,658$1,361
29 years$5,939$4,311$3,074$2,158$1,497$1,219
30 years$5,679$4,071$2,863$1,981$1,353$1,092
31 years$5,436$3,849$2,669$1,819$1,223$978
32 years$5,209$3,642$2,490$1,672$1,106$877
33 years$4,996$3,449$2,325$1,537$1,001$787
34 years$4,797$3,269$2,173$1,415$906$706
35 years$4,608$3,100$2,031$1,302$821$633
36 years$4,431$2,943$1,900$1,199$744$569
37 years$4,264$2,795$1,778$1,105$674$511
38 years$4,106$2,656$1,665$1,018$611$459
39 years$3,956$2,526$1,560$939$554$412
40 years$3,814$2,403$1,463$866$503$370
41 years$3,680$2,287$1,371$799$456$333
42 years$3,552$2,178$1,286$738$414$299
43 years$3,431$2,076$1,207$681$376$269
44 years$3,315$1,978$1,133$629$341$242
45 years$3,205$1,887$1,064$581$309$217
46 years$3,100$1,800$999$536$281$196
47 years$2,999$1,718$939$495$255$176
48 years$2,903$1,640$882$458$232$158
49 years$2,812$1,566$829$423$210$142
50 years$2,724$1,496$780$391$191$128

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,790,000, adding $3,661 every year, while hoping to spend $50,056 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: 65/16/19 Blend
67$2,790,000$2,790,000$2,790,000$2,790,000
68$3,078,356$2,930,486$2,887,241$3,263,529
69$3,339,089$3,020,821$2,930,705$3,478,580
70$3,624,740$3,113,904$2,973,946$3,707,440
71$3,937,796$3,209,818$3,016,906$3,956,356
72$4,280,999$3,308,647$3,059,520$4,227,291
73$4,657,367$3,410,477$3,101,721$4,522,410
74$5,070,225$3,515,397$3,143,435$4,844,094
75$5,523,236$3,623,500$3,184,588$5,194,969
76$6,020,434$3,734,879$3,225,099$5,577,923
77$6,566,261$3,849,631$3,264,883$5,996,138
78$7,165,612$3,967,855$3,303,849$6,453,121
79$7,823,879$4,089,655$3,341,903$6,952,732
80$8,547,002$4,215,135$3,378,944$7,499,223
81$9,341,524$4,344,404$3,414,866$8,097,279
82$10,214,653$4,477,573$3,449,557$8,752,061
83$11,174,330$4,614,757$3,482,900$9,469,252
84$12,229,304$4,756,073$3,514,770$10,255,115
85$13,389,214$4,901,642$3,545,036$11,116,549
86$14,664,680$5,051,588$3,573,561$12,061,155
87$16,067,401$5,206,039$3,600,198$13,097,307
88$17,610,267$5,365,126$3,624,796$14,234,229
89$19,307,481$5,528,985$3,647,194$15,482,088
90$21,174,692$5,697,753$3,667,223$16,852,081
91$23,229,141$5,871,572$3,684,704$18,356,548
92$25,489,824$6,050,590$3,699,453$20,009,085
93$27,977,672$6,234,956$3,711,271$21,824,671
94$30,715,750$6,424,824$3,719,954$23,819,813
95$33,729,470$6,620,353$3,725,285$26,012,698
96$37,046,831$6,821,706$3,727,037$28,423,365
97$40,698,686$7,029,048$3,724,972$31,073,896
98$44,719,033$7,242,553$3,718,840$33,988,623
99$49,145,332$7,462,395$3,708,378$37,194,357
100$54,018,859$7,688,756$3,693,312$40,720,641