Can I retire at age 68 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$240,305$238,165$236,076$234,038$232,047$224,082
2 years$118,963$116,747$114,600$112,518$110,499$102,555
3 years$78,521$76,296$74,154$72,091$70,105$62,432
4 years$58,304$56,085$53,965$51,938$49,999$42,656
5 years$46,177$43,972$41,879$39,893$38,009$31,014
6 years$38,095$35,906$33,845$31,903$30,075$23,435
7 years$32,324$30,154$28,125$26,229$24,459$18,173
8 years$27,998$25,847$23,852$22,003$20,291$14,353
9 years$24,635$22,505$20,544$18,742$17,088$11,491
10 years$21,946$19,837$17,911$16,156$14,560$9,295
11 years$19,748$17,660$15,768$14,060$12,522$7,579
12 years$17,917$15,850$13,994$12,333$10,851$6,218
13 years$16,369$14,324$12,503$10,888$9,463$5,127
14 years$15,044$13,020$11,234$9,665$8,295$4,245
15 years$13,896$11,894$10,142$8,620$7,303$3,526
16 years$12,892$10,913$9,196$7,718$6,455$2,936
17 years$12,008$10,050$8,368$6,934$5,723$2,451
18 years$11,223$9,287$7,639$6,249$5,089$2,049
19 years$10,521$8,607$6,993$5,647$4,536$1,716
20 years$9,890$7,998$6,418$5,114$4,051$1,439
21 years$9,320$7,450$5,903$4,641$3,626$1,208
22 years$8,803$6,954$5,441$4,220$3,250$1,015
23 years$8,331$6,504$5,023$3,843$2,917$853
24 years$7,899$6,094$4,646$3,505$2,622$717
25 years$7,502$5,719$4,303$3,201$2,359$604
26 years$7,137$5,375$3,991$2,927$2,125$508
27 years$6,799$5,058$3,706$2,679$1,916$428
28 years$6,486$4,766$3,445$2,455$1,729$361
29 years$6,195$4,497$3,206$2,251$1,561$304
30 years$5,924$4,246$2,986$2,066$1,411$256
31 years$5,670$4,014$2,784$1,897$1,275$216
32 years$5,433$3,798$2,597$1,744$1,154$182
33 years$5,211$3,597$2,425$1,604$1,044$154
34 years$5,003$3,409$2,266$1,475$945$130
35 years$4,807$3,234$2,119$1,358$856$109
36 years$4,622$3,069$1,982$1,251$776$92
37 years$4,447$2,915$1,855$1,152$703$78
38 years$4,282$2,770$1,737$1,062$637$66
39 years$4,126$2,634$1,627$979$578$55
40 years$3,978$2,506$1,525$903$524$47
41 years$3,838$2,386$1,430$834$476$39
42 years$3,705$2,272$1,342$769$432$33
43 years$3,578$2,165$1,259$710$392$28
44 years$3,457$2,064$1,182$656$356$24
45 years$3,343$1,968$1,110$606$323$20
46 years$3,233$1,877$1,042$559$293$17
47 years$3,128$1,791$979$517$266$14
48 years$3,028$1,710$920$477$242$12
49 years$2,933$1,633$865$441$219$10
50 years$2,841$1,560$813$408$199$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,910,000, adding $4,305 every year, while hoping to spend $51,372 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: 58/14/28 Blend
67$2,910,000$2,910,000$2,910,000$2,910,000
68$3,211,261$3,057,031$3,011,926$3,372,721
69$3,484,150$3,152,166$3,058,166$3,578,950
70$3,783,152$3,250,241$3,104,233$3,797,924
71$4,110,876$3,351,345$3,150,068$4,035,638
72$4,470,196$3,455,572$3,195,606$4,293,924
73$4,864,278$3,563,016$3,240,780$4,574,799
74$5,296,606$3,673,776$3,285,518$4,880,485
75$5,771,021$3,787,953$3,329,744$5,213,430
76$6,291,753$3,905,650$3,373,378$5,576,329
77$6,863,460$4,026,975$3,416,335$5,972,151
78$7,491,275$4,152,038$3,458,524$6,404,167
79$8,180,850$4,280,954$3,499,850$6,875,979
80$8,938,414$4,413,838$3,540,212$7,391,557
81$9,770,829$4,550,812$3,579,505$7,955,272
82$10,685,651$4,692,000$3,617,616$8,571,941
83$11,691,208$4,837,529$3,654,428$9,246,873
84$12,796,675$4,987,531$3,689,814$9,985,912
85$14,012,157$5,142,141$3,723,644$10,795,503
86$15,348,790$5,301,499$3,755,780$11,682,741
87$16,818,843$5,465,749$3,786,075$12,655,449
88$18,435,833$5,635,038$3,814,375$13,722,242
89$20,214,651$5,809,519$3,840,521$14,892,616
90$22,171,708$5,989,347$3,864,340$16,177,032
91$24,325,081$6,174,685$3,885,655$17,587,018
92$26,694,693$6,365,697$3,904,278$19,135,277
93$29,302,491$6,562,556$3,920,010$20,835,805
94$32,172,660$6,765,436$3,932,646$22,704,027
95$35,331,848$6,974,519$3,941,966$24,756,938
96$38,809,416$7,189,990$3,947,742$27,013,268
97$42,637,719$7,412,042$3,949,733$29,493,652
98$46,852,406$7,640,871$3,947,689$32,220,835
99$51,492,758$7,876,681$3,941,343$35,219,876
100$56,602,060$8,119,679$3,930,419$38,518,393