Can I retire at age 68 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$237,828$235,709$233,642$231,625$229,655$224,468
2 years$117,736$115,544$113,419$111,358$109,360$104,162
3 years$77,711$75,509$73,389$71,348$69,382$64,335
4 years$57,703$55,507$53,409$51,402$49,484$44,627
5 years$45,701$43,518$41,447$39,482$37,617$32,964
6 years$37,702$35,536$33,496$31,574$29,765$25,321
7 years$31,991$29,843$27,835$25,959$24,207$19,972
8 years$27,709$25,581$23,606$21,776$20,082$16,055
9 years$24,381$22,273$20,332$18,548$16,912$13,090
10 years$21,720$19,632$17,726$15,989$14,410$10,789
11 years$19,544$17,478$15,606$13,915$12,393$8,968
12 years$17,732$15,687$13,850$12,205$10,739$7,505
13 years$16,200$14,176$12,374$10,776$9,365$6,315
14 years$14,888$12,886$11,118$9,565$8,209$5,337
15 years$13,752$11,772$10,038$8,531$7,228$4,528
16 years$12,759$10,800$9,101$7,638$6,388$3,853
17 years$11,884$9,947$8,281$6,863$5,664$3,287
18 years$11,107$9,191$7,560$6,185$5,036$2,810
19 years$10,413$8,518$6,921$5,589$4,489$2,407
20 years$9,788$7,916$6,351$5,062$4,010$2,065
21 years$9,224$7,373$5,842$4,594$3,588$1,774
22 years$8,712$6,882$5,384$4,177$3,216$1,525
23 years$8,245$6,437$4,972$3,804$2,887$1,313
24 years$7,818$6,031$4,598$3,469$2,595$1,131
25 years$7,425$5,660$4,259$3,168$2,335$975
26 years$7,063$5,319$3,950$2,897$2,103$841
27 years$6,729$5,006$3,668$2,652$1,896$726
28 years$6,419$4,717$3,409$2,429$1,711$627
29 years$6,131$4,450$3,173$2,228$1,545$541
30 years$5,862$4,203$2,955$2,045$1,396$468
31 years$5,612$3,973$2,755$1,878$1,262$404
32 years$5,377$3,759$2,571$1,726$1,142$349
33 years$5,158$3,560$2,400$1,587$1,033$302
34 years$4,951$3,374$2,243$1,460$936$261
35 years$4,757$3,200$2,097$1,344$847$226
36 years$4,574$3,038$1,961$1,238$768$195
37 years$4,401$2,885$1,836$1,141$696$169
38 years$4,238$2,742$1,719$1,051$631$146
39 years$4,084$2,607$1,611$969$572$127
40 years$3,937$2,480$1,510$894$519$110
41 years$3,799$2,361$1,416$825$471$95
42 years$3,667$2,249$1,328$761$427$82
43 years$3,541$2,143$1,246$703$388$71
44 years$3,422$2,042$1,170$649$352$61
45 years$3,308$1,948$1,098$599$319$53
46 years$3,200$1,858$1,031$554$290$46
47 years$3,096$1,773$969$511$263$40
48 years$2,997$1,693$911$473$239$35
49 years$2,902$1,616$856$437$217$30
50 years$2,812$1,544$805$404$197$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,880,000, adding $4,591 every year, while hoping to spend $48,263 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: 73/22/5 Blend
67$2,880,000$2,880,000$2,880,000$2,880,000
68$3,178,496$3,025,856$2,981,216$3,408,922
69$3,451,351$3,122,771$3,029,735$3,658,171
70$3,750,419$3,222,818$3,078,262$3,924,497
71$4,078,325$3,326,098$3,126,746$4,214,769
72$4,437,955$3,432,719$3,175,134$4,531,334
73$4,832,493$3,542,788$3,223,367$4,876,772
74$5,265,442$3,656,419$3,271,384$5,253,926
75$5,740,663$3,773,730$3,319,122$5,665,927
76$6,262,408$3,894,840$3,366,510$6,116,218
77$6,835,361$4,019,875$3,413,475$6,608,593
78$7,464,683$4,148,964$3,459,942$7,147,229
79$8,156,057$4,282,239$3,505,826$7,736,726
80$8,915,745$4,419,839$3,551,042$8,382,149
81$9,750,646$4,561,907$3,595,497$9,089,075
82$10,668,361$4,708,589$3,639,094$9,863,647
83$11,677,261$4,860,037$3,681,732$10,712,632
84$12,786,572$5,016,409$3,723,300$11,643,481
85$14,006,457$5,177,868$3,763,686$12,664,403
86$15,348,114$5,344,582$3,802,767$13,784,436
87$16,823,879$5,516,723$3,840,417$15,013,541
88$18,447,345$5,694,473$3,876,501$16,362,686
89$20,233,489$5,878,017$3,910,879$17,843,955
90$22,198,811$6,067,547$3,943,400$19,470,660
91$24,361,494$6,263,261$3,973,908$21,257,465
92$26,741,571$6,465,364$4,002,238$23,220,525
93$29,361,114$6,674,070$4,028,215$25,377,637
94$32,244,445$6,889,597$4,051,658$27,748,408
95$35,418,364$7,112,173$4,072,374$30,354,441
96$38,912,399$7,342,032$4,090,161$33,219,533
97$42,759,090$7,579,417$4,104,807$36,369,907
98$46,994,287$7,824,579$4,116,089$39,834,451
99$51,657,499$8,077,777$4,123,772$43,644,994
100$56,792,257$8,339,281$4,127,612$47,836,606