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%11.4%
1 years$240,305$238,165$236,076$234,038$232,047$230,682
2 years$118,963$116,747$114,600$112,518$110,499$109,121
3 years$78,521$76,296$74,154$72,091$70,105$68,758
4 years$58,304$56,085$53,965$51,938$49,999$48,693
5 years$46,177$43,972$41,879$39,893$38,009$36,747
6 years$38,095$35,906$33,845$31,903$30,075$28,860
7 years$32,324$30,154$28,125$26,229$24,459$23,291
8 years$27,998$25,847$23,852$22,003$20,291$19,170
9 years$24,635$22,505$20,544$18,742$17,088$16,014
10 years$21,946$19,837$17,911$16,156$14,560$13,532
11 years$19,748$17,660$15,768$14,060$12,522$11,539
12 years$17,917$15,850$13,994$12,333$10,851$9,913
13 years$16,369$14,324$12,503$10,888$9,463$8,568
14 years$15,044$13,020$11,234$9,665$8,295$7,443
15 years$13,896$11,894$10,142$8,620$7,303$6,494
16 years$12,892$10,913$9,196$7,718$6,455$5,685
17 years$12,008$10,050$8,368$6,934$5,723$4,993
18 years$11,223$9,287$7,639$6,249$5,089$4,397
19 years$10,521$8,607$6,993$5,647$4,536$3,880
20 years$9,890$7,998$6,418$5,114$4,051$3,431
21 years$9,320$7,450$5,903$4,641$3,626$3,040
22 years$8,803$6,954$5,441$4,220$3,250$2,697
23 years$8,331$6,504$5,023$3,843$2,917$2,396
24 years$7,899$6,094$4,646$3,505$2,622$2,131
25 years$7,502$5,719$4,303$3,201$2,359$1,897
26 years$7,137$5,375$3,991$2,927$2,125$1,690
27 years$6,799$5,058$3,706$2,679$1,916$1,507
28 years$6,486$4,766$3,445$2,455$1,729$1,345
29 years$6,195$4,497$3,206$2,251$1,561$1,201
30 years$5,924$4,246$2,986$2,066$1,411$1,073
31 years$5,670$4,014$2,784$1,897$1,275$959
32 years$5,433$3,798$2,597$1,744$1,154$858
33 years$5,211$3,597$2,425$1,604$1,044$768
34 years$5,003$3,409$2,266$1,475$945$687
35 years$4,807$3,234$2,119$1,358$856$615
36 years$4,622$3,069$1,982$1,251$776$551
37 years$4,447$2,915$1,855$1,152$703$493
38 years$4,282$2,770$1,737$1,062$637$442
39 years$4,126$2,634$1,627$979$578$396
40 years$3,978$2,506$1,525$903$524$355
41 years$3,838$2,386$1,430$834$476$318
42 years$3,705$2,272$1,342$769$432$285
43 years$3,578$2,165$1,259$710$392$256
44 years$3,457$2,064$1,182$656$356$229
45 years$3,343$1,968$1,110$606$323$206
46 years$3,233$1,877$1,042$559$293$185
47 years$3,128$1,791$979$517$266$166
48 years$3,028$1,710$920$477$242$149
49 years$2,933$1,633$865$441$219$133
50 years$2,841$1,560$813$408$199$120

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 $5,259 every year, while hoping to spend $31,392 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: 50/29/21 Blend
67$2,910,000$2,910,000$2,910,000$2,910,000
68$3,212,245$3,058,015$3,012,910$3,353,740
69$3,506,493$3,174,457$3,080,441$3,568,756
70$3,829,702$3,295,552$3,149,183$3,798,678
71$4,184,793$3,421,496$3,219,142$4,047,908
72$4,574,985$3,552,491$3,290,326$4,318,284
73$5,003,821$3,688,751$3,362,740$4,611,824
74$5,475,207$3,830,496$3,436,388$4,930,749
75$5,993,446$3,977,958$3,511,275$5,277,500
76$6,563,278$4,131,379$3,587,403$5,654,763
77$7,189,926$4,291,010$3,664,774$6,065,494
78$7,879,143$4,457,114$3,743,389$6,512,943
79$8,637,270$4,629,967$3,823,247$7,000,687
80$9,471,290$4,809,855$3,904,345$7,532,661
81$10,388,902$4,997,077$3,986,680$8,113,196
82$11,398,582$5,191,947$4,070,247$8,747,058
83$12,509,676$5,394,791$4,155,038$9,439,495
84$13,732,477$5,605,950$4,241,046$10,196,279
85$15,078,329$5,825,780$4,328,260$11,023,767
86$16,559,729$6,054,654$4,416,668$11,928,957
87$18,190,450$6,292,960$4,506,254$12,919,551
88$19,985,665$6,541,104$4,597,003$14,004,031
89$21,962,096$6,799,511$4,688,895$15,191,735
90$24,138,166$7,068,624$4,781,910$16,492,945
91$26,534,177$7,348,905$4,876,022$17,918,983
92$29,172,500$7,640,838$4,971,206$19,482,317
93$32,077,785$7,944,929$5,067,431$21,196,675
94$35,277,193$8,261,705$5,164,665$23,077,179
95$38,800,658$8,591,719$5,262,871$25,140,481
96$42,681,158$8,935,547$5,362,011$27,404,920
97$46,955,040$9,293,792$5,462,042$29,890,696
98$51,662,350$9,667,084$5,562,916$32,620,057
99$56,847,219$10,056,080$5,664,583$35,617,509
100$62,558,277$10,461,470$5,766,989$38,910,044