Can I retire at age 68 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$235,350$233,254$231,209$229,212$227,263$223,590
2 years$116,510$114,340$112,237$110,198$108,220$104,530
3 years$76,902$74,723$72,625$70,605$68,660$65,067
4 years$57,102$54,929$52,852$50,867$48,969$45,501
5 years$45,225$43,065$41,016$39,071$37,225$33,893
6 years$37,309$35,166$33,147$31,245$29,455$26,261
7 years$31,657$29,532$27,545$25,688$23,955$20,901
8 years$27,421$25,315$23,360$21,549$19,873$16,959
9 years$24,127$22,041$20,120$18,355$16,736$13,960
10 years$21,494$19,428$17,541$15,822$14,260$11,619
11 years$19,341$17,296$15,443$13,770$12,264$9,756
12 years$17,548$15,524$13,705$12,078$10,628$8,249
13 years$16,032$14,029$12,245$10,663$9,267$7,015
14 years$14,733$12,752$11,002$9,466$8,124$5,994
15 years$13,609$11,649$9,933$8,442$7,153$5,142
16 years$12,627$10,688$9,006$7,559$6,322$4,425
17 years$11,760$9,843$8,195$6,791$5,605$3,818
18 years$10,991$9,095$7,481$6,120$4,984$3,303
19 years$10,304$8,429$6,849$5,530$4,442$2,863
20 years$9,686$7,833$6,285$5,009$3,968$2,485
21 years$9,128$7,296$5,781$4,546$3,551$2,161
22 years$8,621$6,811$5,328$4,133$3,183$1,881
23 years$8,159$6,370$4,920$3,764$2,857$1,640
24 years$7,736$5,968$4,550$3,433$2,568$1,430
25 years$7,348$5,601$4,214$3,135$2,311$1,249
26 years$6,990$5,264$3,908$2,867$2,082$1,091
27 years$6,659$4,954$3,629$2,624$1,877$954
28 years$6,352$4,668$3,374$2,404$1,693$834
29 years$6,067$4,404$3,140$2,205$1,529$730
30 years$5,801$4,159$2,925$2,023$1,382$639
31 years$5,553$3,932$2,726$1,858$1,249$560
32 years$5,321$3,720$2,544$1,708$1,130$490
33 years$5,104$3,523$2,375$1,570$1,023$430
34 years$4,900$3,339$2,219$1,445$926$377
35 years$4,708$3,167$2,075$1,330$839$330
36 years$4,526$3,006$1,941$1,225$760$289
37 years$4,356$2,855$1,817$1,129$689$254
38 years$4,194$2,713$1,701$1,040$624$223
39 years$4,041$2,580$1,594$959$566$195
40 years$3,896$2,455$1,494$885$513$171
41 years$3,759$2,337$1,401$816$466$150
42 years$3,628$2,225$1,314$753$423$132
43 years$3,504$2,120$1,233$695$384$116
44 years$3,386$2,021$1,157$642$348$102
45 years$3,274$1,927$1,087$593$316$89
46 years$3,166$1,839$1,021$548$287$78
47 years$3,064$1,755$959$506$261$69
48 years$2,966$1,675$901$468$237$60
49 years$2,872$1,599$847$432$215$53
50 years$2,783$1,528$796$399$195$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,850,000, adding $5,433 every year, while hoping to spend $59,432 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: 72/7/21 Blend
67$2,850,000$2,850,000$2,850,000$2,850,000
68$3,146,304$2,995,254$2,951,079$3,356,362
69$3,403,992$3,078,786$2,986,705$3,580,464
70$3,685,972$3,164,420$3,021,533$3,818,212
71$3,994,659$3,252,195$3,055,472$4,077,121
72$4,332,714$3,342,151$3,088,429$4,359,283
73$4,703,063$3,434,329$3,120,305$4,667,003
74$5,108,933$3,528,769$3,150,992$5,002,821
75$5,553,876$3,625,510$3,180,382$5,369,534
76$6,041,804$3,724,593$3,208,358$5,770,224
77$6,577,026$3,826,055$3,234,795$6,208,286
78$7,164,287$3,929,937$3,259,566$6,687,461
79$7,808,816$4,036,275$3,282,532$7,211,870
80$8,516,370$4,145,108$3,303,552$7,786,053
81$9,293,293$4,256,472$3,322,475$8,415,015
82$10,146,573$4,370,402$3,339,141$9,104,266
83$11,083,905$4,486,934$3,353,385$9,859,882
84$12,113,771$4,606,102$3,365,031$10,688,555
85$13,245,511$4,727,936$3,373,895$11,597,659
86$14,489,418$4,852,469$3,379,784$12,595,321
87$15,856,827$4,979,729$3,382,496$13,690,495
88$17,360,232$5,109,744$3,381,818$14,893,048
89$19,013,393$5,242,539$3,377,526$16,213,853
90$20,831,472$5,378,137$3,369,387$17,664,891
91$22,831,175$5,516,558$3,357,154$19,259,366
92$25,030,907$5,657,822$3,340,571$21,011,825
93$27,450,947$5,801,942$3,319,367$22,938,303
94$30,113,637$5,948,931$3,293,260$25,056,468
95$33,043,597$6,098,797$3,261,953$27,385,788
96$36,267,951$6,251,546$3,225,136$29,947,720
97$39,816,588$6,407,177$3,182,483$32,765,907
98$43,722,438$6,565,688$3,133,655$35,866,405
99$48,021,789$6,727,069$3,078,295$39,277,928
100$52,754,624$6,891,307$3,016,029$43,032,118