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%16.5%
1 years$237,828$235,709$233,642$231,625$229,655$223,559
2 years$117,736$115,544$113,419$111,358$109,360$103,261
3 years$77,711$75,509$73,389$71,348$69,382$63,471
4 years$57,703$55,507$53,409$51,402$49,484$43,806
5 years$45,701$43,518$41,447$39,482$37,617$32,188
6 years$37,702$35,536$33,496$31,574$29,765$24,590
7 years$31,991$29,843$27,835$25,959$24,207$19,286
8 years$27,709$25,581$23,606$21,776$20,082$15,413
9 years$24,381$22,273$20,332$18,548$16,912$12,491
10 years$21,720$19,632$17,726$15,989$14,410$10,231
11 years$19,544$17,478$15,606$13,915$12,393$8,450
12 years$17,732$15,687$13,850$12,205$10,739$7,026
13 years$16,200$14,176$12,374$10,776$9,365$5,872
14 years$14,888$12,886$11,118$9,565$8,209$4,929
15 years$13,752$11,772$10,038$8,531$7,228$4,153
16 years$12,759$10,800$9,101$7,638$6,388$3,508
17 years$11,884$9,947$8,281$6,863$5,664$2,972
18 years$11,107$9,191$7,560$6,185$5,036$2,522
19 years$10,413$8,518$6,921$5,589$4,489$2,144
20 years$9,788$7,916$6,351$5,062$4,010$1,825
21 years$9,224$7,373$5,842$4,594$3,588$1,556
22 years$8,712$6,882$5,384$4,177$3,216$1,328
23 years$8,245$6,437$4,972$3,804$2,887$1,134
24 years$7,818$6,031$4,598$3,469$2,595$969
25 years$7,425$5,660$4,259$3,168$2,335$829
26 years$7,063$5,319$3,950$2,897$2,103$709
27 years$6,729$5,006$3,668$2,652$1,896$607
28 years$6,419$4,717$3,409$2,429$1,711$520
29 years$6,131$4,450$3,173$2,228$1,545$445
30 years$5,862$4,203$2,955$2,045$1,396$382
31 years$5,612$3,973$2,755$1,878$1,262$327
32 years$5,377$3,759$2,571$1,726$1,142$280
33 years$5,158$3,560$2,400$1,587$1,033$240
34 years$4,951$3,374$2,243$1,460$936$206
35 years$4,757$3,200$2,097$1,344$847$177
36 years$4,574$3,038$1,961$1,238$768$152
37 years$4,401$2,885$1,836$1,141$696$130
38 years$4,238$2,742$1,719$1,051$631$112
39 years$4,084$2,607$1,611$969$572$96
40 years$3,937$2,480$1,510$894$519$82
41 years$3,799$2,361$1,416$825$471$71
42 years$3,667$2,249$1,328$761$427$61
43 years$3,541$2,143$1,246$703$388$52
44 years$3,422$2,042$1,170$649$352$45
45 years$3,308$1,948$1,098$599$319$38
46 years$3,200$1,858$1,031$554$290$33
47 years$3,096$1,773$969$511$263$28
48 years$2,997$1,693$911$473$239$24
49 years$2,902$1,616$856$437$217$21
50 years$2,812$1,544$805$404$197$18

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 $4,207 every year, while hoping to spend $33,096 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: 38/35/27 Blend
67$2,880,000$2,880,000$2,880,000$2,880,000
68$3,178,100$3,025,460$2,980,820$3,273,159
69$3,467,052$3,138,493$3,045,463$3,456,269
70$3,784,368$3,255,956$3,111,163$3,650,680
71$4,132,906$3,378,031$3,177,920$3,860,156
72$4,515,815$3,504,907$3,245,732$4,086,085
73$4,936,563$3,636,782$3,314,600$4,329,992
74$5,398,972$3,773,864$3,384,518$4,593,551
75$5,907,251$3,916,367$3,455,483$4,878,605
76$6,466,039$4,064,517$3,527,490$5,187,176
77$7,080,445$4,218,548$3,600,531$5,521,488
78$7,756,098$4,378,705$3,674,597$5,883,987
79$8,499,202$4,545,244$3,749,677$6,277,360
80$9,316,590$4,718,430$3,825,761$6,704,563
81$10,215,791$4,898,542$3,902,833$7,168,849
82$11,205,101$5,085,870$3,980,877$7,673,792
83$12,293,661$5,280,717$4,059,876$8,223,328
84$13,491,541$5,483,399$4,139,809$8,821,783
85$14,809,839$5,694,247$4,220,653$9,473,920
86$16,260,782$5,913,604$4,302,384$10,184,979
87$17,857,841$6,141,830$4,384,974$10,960,725
88$19,615,862$6,379,301$4,468,392$11,807,504
89$21,551,202$6,626,408$4,552,604$12,732,301
90$23,681,883$6,883,561$4,637,575$13,742,804
91$26,027,767$7,151,187$4,723,265$14,847,475
92$28,610,736$7,429,732$4,809,632$16,055,629
93$31,454,904$7,719,662$4,896,628$17,377,524
94$34,586,842$8,021,463$4,984,203$18,824,450
95$38,035,830$8,335,645$5,072,303$20,408,840
96$41,834,129$8,662,737$5,160,870$22,144,383
97$46,017,293$9,003,293$5,249,842$24,046,154
98$50,624,496$9,357,894$5,339,151$26,130,751
99$55,698,907$9,727,143$5,428,725$28,416,453
100$61,288,096$10,111,673$5,518,487$30,923,392