Can I retire at age 68 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$232,047$229,980$227,964$225,995$224,073$216,381
2 years$114,875$112,735$110,662$108,652$106,702$99,030
3 years$75,822$73,674$71,606$69,614$67,696$60,286
4 years$56,300$54,158$52,111$50,153$48,281$41,190
5 years$44,590$42,461$40,440$38,522$36,703$29,949
6 years$36,785$34,672$32,681$30,807$29,042$22,630
7 years$31,213$29,118$27,158$25,328$23,619$17,548
8 years$27,036$24,959$23,033$21,247$19,594$13,860
9 years$23,788$21,732$19,838$18,098$16,501$11,096
10 years$21,192$19,155$17,295$15,600$14,060$8,976
11 years$19,069$17,053$15,226$13,577$12,092$7,318
12 years$17,301$15,306$13,513$11,909$10,478$6,004
13 years$15,807$13,832$12,073$10,514$9,137$4,951
14 years$14,527$12,573$10,848$9,333$8,010$4,099
15 years$13,418$11,485$9,794$8,323$7,052$3,405
16 years$12,449$10,538$8,880$7,453$6,233$2,835
17 years$11,595$9,705$8,080$6,696$5,527$2,367
18 years$10,837$8,968$7,376$6,035$4,914$1,979
19 years$10,159$8,311$6,752$5,453$4,380$1,657
20 years$9,550$7,723$6,197$4,938$3,912$1,389
21 years$9,000$7,194$5,700$4,482$3,501$1,166
22 years$8,500$6,715$5,254$4,075$3,138$980
23 years$8,045$6,281$4,851$3,711$2,817$824
24 years$7,628$5,884$4,486$3,385$2,532$693
25 years$7,245$5,522$4,155$3,091$2,278$583
26 years$6,892$5,190$3,854$2,827$2,052$491
27 years$6,565$4,884$3,578$2,587$1,850$413
28 years$6,263$4,603$3,327$2,370$1,670$348
29 years$5,982$4,342$3,096$2,174$1,508$294
30 years$5,720$4,101$2,883$1,995$1,362$247
31 years$5,475$3,876$2,688$1,832$1,232$209
32 years$5,247$3,668$2,508$1,684$1,114$176
33 years$5,032$3,474$2,342$1,548$1,008$148
34 years$4,831$3,292$2,188$1,425$913$125
35 years$4,641$3,123$2,046$1,312$827$106
36 years$4,463$2,964$1,914$1,208$749$89
37 years$4,294$2,815$1,791$1,113$679$75
38 years$4,135$2,675$1,677$1,026$616$63
39 years$3,985$2,544$1,572$946$558$53
40 years$3,842$2,420$1,473$872$506$45
41 years$3,706$2,304$1,381$805$459$38
42 years$3,578$2,194$1,296$743$417$32
43 years$3,455$2,090$1,216$686$378$27
44 years$3,339$1,993$1,141$633$343$23
45 years$3,228$1,900$1,072$585$312$19
46 years$3,122$1,813$1,006$540$283$16
47 years$3,021$1,730$946$499$257$14
48 years$2,924$1,651$889$461$233$12
49 years$2,832$1,577$835$426$212$10
50 years$2,744$1,506$785$394$193$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,810,000, adding $4,040 every year, while hoping to spend $42,520 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: 32/45/23 Blend
67$2,810,000$2,810,000$2,810,000$2,810,000
68$3,100,787$2,951,857$2,908,302$3,177,944
69$3,371,827$3,051,257$2,960,489$3,335,933
70$3,669,087$3,154,103$3,013,000$3,501,878
71$3,995,198$3,260,518$3,065,799$3,679,753
72$4,353,056$3,370,631$3,118,851$3,870,632
73$4,745,851$3,484,576$3,172,116$4,075,694
74$5,177,098$3,602,490$3,225,553$4,296,234
75$5,650,668$3,724,518$3,279,115$4,533,673
76$6,170,826$3,850,809$3,332,755$4,789,574
77$6,742,269$3,981,518$3,386,421$5,065,656
78$7,370,173$4,116,805$3,440,059$5,363,807
79$8,060,240$4,256,837$3,493,610$5,686,101
80$8,818,750$4,401,788$3,547,011$6,034,820
81$9,652,623$4,551,836$3,600,197$6,412,475
82$10,569,484$4,707,169$3,653,096$6,821,826
83$11,577,732$4,867,981$3,705,636$7,265,908
84$12,686,621$5,034,473$3,757,735$7,748,060
85$13,906,348$5,206,853$3,809,311$8,271,958
86$15,248,146$5,385,340$3,860,273$8,841,644
87$16,724,393$5,570,158$3,910,528$9,461,568
88$18,348,726$5,761,541$3,959,977$10,136,625
89$20,136,173$5,959,733$4,008,513$10,872,204
90$22,103,290$6,164,987$4,056,025$11,674,238
91$24,268,319$6,377,565$4,102,395$12,549,254
92$26,651,361$6,597,739$4,147,499$13,504,441
93$29,274,566$6,825,794$4,191,206$14,547,712
94$32,162,337$7,062,024$4,233,377$15,687,779
95$35,341,567$7,306,735$4,273,867$16,934,236
96$38,841,886$7,560,244$4,312,521$18,297,646
97$42,695,946$7,822,883$4,349,178$19,789,639
98$46,939,724$8,094,996$4,383,666$21,423,025
99$51,612,864$8,376,939$4,415,807$23,211,911
100$56,759,050$8,669,083$4,445,411$25,171,832