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%17%
1 years$235,350$233,254$231,209$229,212$227,263$220,785
2 years$116,510$114,340$112,237$110,198$108,220$101,744
3 years$76,902$74,723$72,625$70,605$68,660$62,388
4 years$57,102$54,929$52,852$50,867$48,969$42,950
5 years$45,225$43,065$41,016$39,071$37,225$31,476
6 years$37,309$35,166$33,147$31,245$29,455$23,980
7 years$31,657$29,532$27,545$25,688$23,955$18,755
8 years$27,421$25,315$23,360$21,549$19,873$14,945
9 years$24,127$22,041$20,120$18,355$16,736$12,075
10 years$21,494$19,428$17,541$15,822$14,260$9,859
11 years$19,341$17,296$15,443$13,770$12,264$8,117
12 years$17,548$15,524$13,705$12,078$10,628$6,726
13 years$16,032$14,029$12,245$10,663$9,267$5,603
14 years$14,733$12,752$11,002$9,466$8,124$4,687
15 years$13,609$11,649$9,933$8,442$7,153$3,935
16 years$12,627$10,688$9,006$7,559$6,322$3,313
17 years$11,760$9,843$8,195$6,791$5,605$2,795
18 years$10,991$9,095$7,481$6,120$4,984$2,364
19 years$10,304$8,429$6,849$5,530$4,442$2,002
20 years$9,686$7,833$6,285$5,009$3,968$1,698
21 years$9,128$7,296$5,781$4,546$3,551$1,442
22 years$8,621$6,811$5,328$4,133$3,183$1,225
23 years$8,159$6,370$4,920$3,764$2,857$1,042
24 years$7,736$5,968$4,550$3,433$2,568$887
25 years$7,348$5,601$4,214$3,135$2,311$756
26 years$6,990$5,264$3,908$2,867$2,082$644
27 years$6,659$4,954$3,629$2,624$1,877$549
28 years$6,352$4,668$3,374$2,404$1,693$468
29 years$6,067$4,404$3,140$2,205$1,529$400
30 years$5,801$4,159$2,925$2,023$1,382$341
31 years$5,553$3,932$2,726$1,858$1,249$291
32 years$5,321$3,720$2,544$1,708$1,130$249
33 years$5,104$3,523$2,375$1,570$1,023$212
34 years$4,900$3,339$2,219$1,445$926$181
35 years$4,708$3,167$2,075$1,330$839$155
36 years$4,526$3,006$1,941$1,225$760$132
37 years$4,356$2,855$1,817$1,129$689$113
38 years$4,194$2,713$1,701$1,040$624$96
39 years$4,041$2,580$1,594$959$566$82
40 years$3,896$2,455$1,494$885$513$70
41 years$3,759$2,337$1,401$816$466$60
42 years$3,628$2,225$1,314$753$423$51
43 years$3,504$2,120$1,233$695$384$44
44 years$3,386$2,021$1,157$642$348$38
45 years$3,274$1,927$1,087$593$316$32
46 years$3,166$1,839$1,021$548$287$27
47 years$3,064$1,755$959$506$261$23
48 years$2,966$1,675$901$468$237$20
49 years$2,872$1,599$847$432$215$17
50 years$2,783$1,528$796$399$195$15

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 $2,562 every year, while hoping to spend $21,406 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: 44/32/24 Blend
67$2,850,000$2,850,000$2,850,000$2,850,000
68$3,143,343$2,992,293$2,948,118$3,259,667
69$3,441,188$3,116,139$3,024,104$3,466,250
70$3,768,696$3,245,337$3,101,918$3,687,771
71$4,128,869$3,380,125$3,181,599$3,927,473
72$4,525,017$3,520,754$3,263,186$4,187,053
73$4,960,785$3,667,487$3,346,719$4,468,377
74$5,440,189$3,820,598$3,432,237$4,773,494
75$5,967,654$3,980,373$3,519,783$5,104,657
76$6,548,057$4,147,113$3,609,398$5,464,341
77$7,186,769$4,321,132$3,701,123$5,855,267
78$7,889,710$4,502,759$3,795,002$6,280,427
79$8,663,403$4,692,337$3,891,077$6,743,108
80$9,515,035$4,890,225$3,989,392$7,246,927
81$10,452,523$5,096,801$4,089,992$7,795,862
82$11,484,595$5,312,459$4,192,921$8,394,287
83$12,620,864$5,537,610$4,298,224$9,047,013
84$13,871,925$5,772,686$4,405,947$9,759,333
85$15,249,452$6,018,138$4,516,137$10,537,072
86$16,766,308$6,274,439$4,628,840$11,386,636
87$18,436,668$6,542,083$4,744,103$12,315,076
88$20,276,151$6,821,587$4,861,973$13,330,151
89$22,301,968$7,113,495$4,982,499$14,440,400
90$24,533,085$7,418,371$5,105,728$15,655,222
91$26,990,399$7,736,811$5,231,709$16,984,961
92$29,696,939$8,069,435$5,360,491$18,441,004
93$32,678,083$8,416,893$5,492,123$20,035,887
94$35,961,793$8,779,866$5,626,655$21,783,408
95$39,578,884$9,159,068$5,764,136$23,698,761
96$43,563,311$9,555,243$5,904,615$25,798,672
97$47,952,492$9,969,173$6,048,143$28,101,561
98$52,787,660$10,401,676$6,194,770$30,627,706
99$58,114,251$10,853,609$6,344,545$33,399,440
100$63,982,336$11,325,866$6,497,518$36,441,353