Can I retire at age 68 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$231,221$229,162$227,152$225,191$223,276$216,737
2 years$114,466$112,334$110,268$108,265$106,322$99,787
3 years$75,553$73,412$71,351$69,366$67,455$61,129
4 years$56,100$53,965$51,925$49,975$48,109$42,041
5 years$44,431$42,309$40,296$38,385$36,572$30,777
6 years$36,655$34,549$32,565$30,697$28,938$23,422
7 years$31,102$29,014$27,062$25,238$23,535$18,298
8 years$26,940$24,870$22,951$21,171$19,524$14,563
9 years$23,704$21,654$19,767$18,033$16,442$11,752
10 years$21,117$19,087$17,234$15,545$14,010$9,584
11 years$19,001$16,992$15,172$13,529$12,049$7,880
12 years$17,240$15,251$13,465$11,866$10,441$6,521
13 years$15,750$13,783$12,030$10,476$9,105$5,425
14 years$14,475$12,528$10,809$9,300$7,981$4,532
15 years$13,370$11,445$9,759$8,294$7,027$3,799
16 years$12,405$10,500$8,848$7,426$6,211$3,194
17 years$11,554$9,670$8,051$6,672$5,507$2,691
18 years$10,799$8,936$7,350$6,013$4,896$2,272
19 years$10,123$8,282$6,728$5,433$4,364$1,922
20 years$9,516$7,696$6,175$4,921$3,898$1,627
21 years$8,968$7,168$5,680$4,466$3,489$1,380
22 years$8,470$6,691$5,235$4,061$3,127$1,171
23 years$8,016$6,258$4,833$3,698$2,807$994
24 years$7,601$5,864$4,470$3,373$2,523$845
25 years$7,219$5,503$4,140$3,080$2,270$719
26 years$6,867$5,172$3,840$2,816$2,045$612
27 years$6,542$4,867$3,566$2,578$1,844$521
28 years$6,241$4,586$3,315$2,362$1,664$443
29 years$5,961$4,327$3,085$2,166$1,502$378
30 years$5,700$4,086$2,873$1,988$1,357$322
31 years$5,456$3,863$2,679$1,826$1,227$274
32 years$5,228$3,655$2,499$1,678$1,110$234
33 years$5,014$3,461$2,334$1,543$1,005$199
34 years$4,814$3,280$2,180$1,420$910$170
35 years$4,625$3,111$2,038$1,307$824$145
36 years$4,447$2,953$1,907$1,204$746$123
37 years$4,279$2,805$1,785$1,109$677$105
38 years$4,120$2,666$1,671$1,022$613$90
39 years$3,970$2,535$1,566$942$556$77
40 years$3,828$2,412$1,468$869$504$65
41 years$3,693$2,296$1,376$802$458$56
42 years$3,565$2,186$1,291$740$415$48
43 years$3,443$2,083$1,211$683$377$41
44 years$3,327$1,986$1,137$631$342$35
45 years$3,216$1,893$1,068$583$311$30
46 years$3,111$1,806$1,003$538$282$25
47 years$3,010$1,724$942$497$256$21
48 years$2,914$1,646$885$459$233$18
49 years$2,822$1,571$832$425$211$16
50 years$2,734$1,501$782$392$192$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,800,000, adding $3,135 every year, while hoping to spend $27,091 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: 29/44/27 Blend
67$2,800,000$2,800,000$2,800,000$2,800,000
68$3,088,834$2,940,434$2,897,034$3,152,524
69$3,375,070$3,055,690$2,965,260$3,318,165
70$3,689,595$3,175,687$3,034,863$3,493,544
71$4,035,264$3,300,626$3,105,862$3,681,548
72$4,415,226$3,430,722$3,178,273$3,883,287
73$4,832,947$3,566,195$3,252,114$4,099,976
74$5,292,248$3,707,279$3,327,400$4,332,948
75$5,797,338$3,854,216$3,404,148$4,583,665
76$6,352,852$4,007,259$3,482,373$4,853,729
77$6,963,902$4,166,673$3,562,091$5,144,900
78$7,636,114$4,332,734$3,643,316$5,459,109
79$8,375,692$4,505,733$3,726,061$5,798,474
80$9,189,469$4,685,970$3,810,340$6,165,323
81$10,084,974$4,873,761$3,896,165$6,562,212
82$11,070,503$5,069,437$3,983,549$6,991,946
83$12,155,197$5,273,342$4,072,500$7,457,611
84$13,349,128$5,485,837$4,163,030$7,962,592
85$14,663,394$5,707,298$4,255,147$8,510,615
86$16,110,224$5,938,120$4,348,858$9,105,771
87$17,703,093$6,178,714$4,444,171$9,752,557
88$19,456,847$6,429,509$4,541,089$10,455,919
89$21,387,848$6,690,957$4,639,618$11,221,295
90$23,514,122$6,963,528$4,739,759$12,054,662
91$25,855,535$7,247,713$4,841,513$12,962,598
92$28,433,975$7,544,027$4,944,879$13,952,335
93$31,273,563$7,853,007$5,049,856$15,031,828
94$34,400,878$8,175,216$5,156,437$16,209,830
95$37,845,208$8,511,241$5,264,618$17,495,971
96$41,638,825$8,861,699$5,374,389$18,900,846
97$45,817,294$9,227,230$5,485,740$20,436,114
98$50,419,803$9,608,510$5,598,657$22,114,606
99$55,489,536$10,006,240$5,713,125$23,950,444
100$61,074,079$10,421,156$5,829,125$25,959,169