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

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$231,221$229,162$227,152$225,191$223,276$217,525
2 years$114,466$112,334$110,268$108,265$106,322$100,566
3 years$75,553$73,412$71,351$69,366$67,455$61,875
4 years$56,100$53,965$51,925$49,975$48,109$42,748
5 years$44,431$42,309$40,296$38,385$36,572$31,443
6 years$36,655$34,549$32,565$30,697$28,938$24,047
7 years$31,102$29,014$27,062$25,238$23,535$18,882
8 years$26,940$24,870$22,951$21,171$19,524$15,108
9 years$23,704$21,654$19,767$18,033$16,442$12,259
10 years$21,117$19,087$17,234$15,545$14,010$10,053
11 years$19,001$16,992$15,172$13,529$12,049$8,314
12 years$17,240$15,251$13,465$11,866$10,441$6,921
13 years$15,750$13,783$12,030$10,476$9,105$5,793
14 years$14,475$12,528$10,809$9,300$7,981$4,869
15 years$13,370$11,445$9,759$8,294$7,027$4,108
16 years$12,405$10,500$8,848$7,426$6,211$3,476
17 years$11,554$9,670$8,051$6,672$5,507$2,948
18 years$10,799$8,936$7,350$6,013$4,896$2,506
19 years$10,123$8,282$6,728$5,433$4,364$2,133
20 years$9,516$7,696$6,175$4,921$3,898$1,819
21 years$8,968$7,168$5,680$4,466$3,489$1,553
22 years$8,470$6,691$5,235$4,061$3,127$1,327
23 years$8,016$6,258$4,833$3,698$2,807$1,135
24 years$7,601$5,864$4,470$3,373$2,523$972
25 years$7,219$5,503$4,140$3,080$2,270$832
26 years$6,867$5,172$3,840$2,816$2,045$713
27 years$6,542$4,867$3,566$2,578$1,844$612
28 years$6,241$4,586$3,315$2,362$1,664$525
29 years$5,961$4,327$3,085$2,166$1,502$450
30 years$5,700$4,086$2,873$1,988$1,357$386
31 years$5,456$3,863$2,679$1,826$1,227$332
32 years$5,228$3,655$2,499$1,678$1,110$285
33 years$5,014$3,461$2,334$1,543$1,005$245
34 years$4,814$3,280$2,180$1,420$910$210
35 years$4,625$3,111$2,038$1,307$824$181
36 years$4,447$2,953$1,907$1,204$746$155
37 years$4,279$2,805$1,785$1,109$677$133
38 years$4,120$2,666$1,671$1,022$613$115
39 years$3,970$2,535$1,566$942$556$98
40 years$3,828$2,412$1,468$869$504$85
41 years$3,693$2,296$1,376$802$458$73
42 years$3,565$2,186$1,291$740$415$63
43 years$3,443$2,083$1,211$683$377$54
44 years$3,327$1,986$1,137$631$342$46
45 years$3,216$1,893$1,068$583$311$40
46 years$3,111$1,806$1,003$538$282$34
47 years$3,010$1,724$942$497$256$29
48 years$2,914$1,646$885$459$233$25
49 years$2,822$1,571$832$425$211$22
50 years$2,734$1,501$782$392$192$19

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 $3,175 every year, while hoping to spend $41,210 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: 49/24/27 Blend
67$2,800,000$2,800,000$2,800,000$2,800,000
68$3,088,875$2,940,475$2,897,075$3,216,407
69$3,360,093$3,040,711$2,950,280$3,406,277
70$3,657,594$3,144,478$3,003,886$3,608,102
71$3,984,016$3,251,904$3,057,863$3,826,572
72$4,342,263$3,363,125$3,112,179$4,063,280
73$4,735,535$3,478,280$3,166,799$4,319,979
74$5,167,358$3,597,513$3,221,684$4,598,599
75$5,641,614$3,720,976$3,276,796$4,901,264
76$6,162,580$3,848,826$3,332,090$5,230,309
77$6,734,968$3,981,224$3,387,520$5,588,309
78$7,363,970$4,118,339$3,443,037$5,978,095
79$8,055,304$4,260,347$3,498,589$6,402,784
80$8,815,271$4,407,430$3,554,117$6,865,809
81$9,650,812$4,559,777$3,609,563$7,370,949
82$10,569,574$4,717,585$3,664,863$7,922,365
83$11,579,983$4,881,059$3,719,948$8,524,639
84$12,691,321$5,050,411$3,774,746$9,182,818
85$13,913,817$5,225,862$3,829,181$9,902,458
86$15,258,738$5,407,641$3,883,171$10,689,679
87$16,738,502$5,595,988$3,936,629$11,551,223
88$18,366,787$5,791,149$3,989,464$12,494,513
89$20,158,668$5,993,384$4,041,580$13,527,726
90$22,130,752$6,202,960$4,092,873$14,659,870
91$24,301,340$6,420,156$4,143,235$15,900,866
92$26,690,595$6,645,262$4,192,552$17,261,643
93$29,320,736$6,878,580$4,240,702$18,754,242
94$32,216,243$7,120,423$4,287,558$20,391,925
95$35,404,093$7,371,117$4,332,985$22,189,304
96$38,914,010$7,631,001$4,376,840$24,162,474
97$42,778,748$7,900,429$4,418,972$26,329,169
98$47,034,398$8,179,767$4,459,225$28,708,926
99$51,720,729$8,469,398$4,497,432$31,323,270
100$56,881,563$8,769,719$4,533,416$34,195,916