Can I retire at age 68 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$239,479$237,346$235,265$233,234$231,250$225,477
2 years$118,554$116,346$114,206$112,132$110,119$104,339
3 years$78,251$76,033$73,899$71,844$69,864$64,258
4 years$58,103$55,893$53,780$51,759$49,828$44,439
5 years$46,018$43,821$41,735$39,756$37,878$32,722
6 years$37,964$35,783$33,728$31,793$29,972$25,053
7 years$32,213$30,050$28,028$26,139$24,375$19,694
8 years$27,902$25,759$23,770$21,927$20,221$15,776
9 years$24,550$22,428$20,473$18,677$17,029$12,816
10 years$21,871$19,769$17,849$16,100$14,510$10,523
11 years$19,680$17,599$15,714$14,012$12,479$8,714
12 years$17,855$15,796$13,946$12,290$10,814$7,264
13 years$16,313$14,275$12,460$10,850$9,430$6,087
14 years$14,992$12,975$11,195$9,632$8,266$5,124
15 years$13,848$11,853$10,108$8,590$7,278$4,329
16 years$12,848$10,875$9,164$7,691$6,433$3,668
17 years$11,967$10,016$8,339$6,911$5,704$3,116
18 years$11,184$9,255$7,612$6,228$5,071$2,652
19 years$10,485$8,577$6,969$5,627$4,520$2,261
20 years$9,856$7,970$6,396$5,097$4,038$1,931
21 years$9,288$7,424$5,883$4,626$3,613$1,651
22 years$8,772$6,930$5,422$4,206$3,239$1,413
23 years$8,302$6,482$5,006$3,830$2,907$1,211
24 years$7,872$6,073$4,630$3,493$2,613$1,038
25 years$7,477$5,699$4,288$3,190$2,351$891
26 years$7,112$5,356$3,977$2,917$2,118$764
27 years$6,776$5,041$3,693$2,670$1,910$657
28 years$6,463$4,750$3,433$2,446$1,723$564
29 years$6,173$4,481$3,195$2,243$1,556$485
30 years$5,903$4,232$2,976$2,059$1,406$417
31 years$5,651$4,001$2,774$1,891$1,271$358
32 years$5,415$3,785$2,588$1,738$1,150$308
33 years$5,193$3,585$2,417$1,598$1,040$265
34 years$4,986$3,398$2,258$1,470$942$228
35 years$4,790$3,223$2,111$1,354$853$196
36 years$4,606$3,059$1,975$1,247$773$169
37 years$4,432$2,905$1,849$1,149$701$146
38 years$4,268$2,761$1,731$1,059$635$125
39 years$4,112$2,625$1,622$976$576$108
40 years$3,965$2,498$1,520$900$522$93
41 years$3,825$2,378$1,425$831$474$80
42 years$3,692$2,264$1,337$767$430$69
43 years$3,566$2,157$1,255$708$390$59
44 years$3,446$2,056$1,178$653$354$51
45 years$3,331$1,961$1,106$603$322$44
46 years$3,222$1,871$1,039$557$292$38
47 years$3,118$1,785$976$515$265$33
48 years$3,018$1,704$917$476$241$28
49 years$2,923$1,628$862$440$219$24
50 years$2,831$1,555$810$406$199$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,900,000, adding $4,632 every year, while hoping to spend $28,467 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: 33/45/22 Blend
67$2,900,000$2,900,000$2,900,000$2,900,000
68$3,200,578$3,046,878$3,001,928$3,284,448
69$3,496,748$3,165,886$3,072,204$3,466,522
70$3,822,174$3,289,772$3,143,880$3,659,703
71$4,179,809$3,418,744$3,216,973$3,867,323
72$4,572,907$3,553,020$3,291,500$4,090,672
73$5,005,054$3,692,829$3,367,476$4,331,164
74$5,480,201$3,838,408$3,444,917$4,590,352
75$6,002,698$3,990,007$3,523,838$4,869,940
76$6,577,340$4,147,885$3,604,254$5,171,798
77$7,209,411$4,312,313$3,686,178$5,497,977
78$7,904,730$4,483,575$3,769,624$5,850,731
79$8,669,710$4,661,968$3,854,605$6,232,536
80$9,511,417$4,847,802$3,941,131$6,646,109
81$10,437,637$5,041,399$4,029,214$7,094,438
82$11,456,946$5,243,098$4,118,863$7,580,803
83$12,578,797$5,453,253$4,210,087$8,108,810
84$13,813,605$5,672,232$4,302,895$8,682,424
85$15,172,843$5,900,422$4,397,293$9,306,001
86$16,669,156$6,138,226$4,493,286$9,984,330
87$18,316,477$6,386,066$4,590,878$10,722,679
88$20,130,158$6,644,383$4,690,072$11,526,840
89$22,127,114$6,913,637$4,790,869$12,403,181
90$24,325,985$7,194,311$4,893,269$13,358,709
91$26,747,311$7,486,908$4,997,269$14,401,131
92$29,413,725$7,791,955$5,102,865$15,538,925
93$32,350,165$8,110,001$5,210,052$16,781,419
94$35,584,115$8,441,624$5,318,822$18,138,877
95$39,145,856$8,787,424$5,429,163$19,622,594
96$43,068,757$9,148,032$5,541,064$21,244,998
97$47,389,590$9,524,105$5,654,509$23,019,771
98$52,148,874$9,916,333$5,769,481$24,961,968
99$57,391,260$10,325,434$5,885,960$27,088,162
100$63,165,950$10,752,161$6,003,921$29,416,596