Can I retire at age 68 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$223,789$221,796$219,851$217,953$216,099$207,607
2 years$110,787$108,723$106,724$104,785$102,904$94,453
3 years$73,124$71,052$69,057$67,137$65,287$57,142
4 years$54,297$52,231$50,256$48,368$46,563$38,786
5 years$43,003$40,950$39,001$37,151$35,397$28,008
6 years$35,476$33,438$31,518$29,710$28,008$21,013
7 years$30,102$28,081$26,192$24,426$22,778$16,173
8 years$26,074$24,071$22,213$20,491$18,897$12,676
9 years$22,942$20,958$19,132$17,454$15,914$10,068
10 years$20,438$18,474$16,680$15,045$13,559$8,077
11 years$18,391$16,446$14,684$13,094$11,661$6,530
12 years$16,686$14,761$13,032$11,485$10,106$5,311
13 years$15,244$13,340$11,643$10,140$8,812$4,341
14 years$14,010$12,125$10,462$9,001$7,725$3,561
15 years$12,941$11,077$9,445$8,027$6,801$2,931
16 years$12,006$10,163$8,564$7,187$6,011$2,418
17 years$11,183$9,359$7,793$6,458$5,330$1,999
18 years$10,451$8,649$7,114$5,820$4,739$1,655
19 years$9,798$8,015$6,512$5,259$4,224$1,372
20 years$9,210$7,448$5,977$4,763$3,773$1,139
21 years$8,680$6,938$5,497$4,322$3,376$947
22 years$8,198$6,476$5,067$3,930$3,026$787
23 years$7,758$6,057$4,678$3,579$2,717$655
24 years$7,356$5,675$4,326$3,264$2,442$545
25 years$6,987$5,326$4,007$2,981$2,197$454
26 years$6,646$5,005$3,716$2,726$1,979$378
27 years$6,332$4,711$3,451$2,495$1,784$315
28 years$6,040$4,439$3,208$2,286$1,610$263
29 years$5,769$4,187$2,985$2,096$1,454$219
30 years$5,516$3,955$2,781$1,924$1,314$183
31 years$5,281$3,738$2,593$1,767$1,188$153
32 years$5,060$3,537$2,419$1,624$1,074$127
33 years$4,853$3,350$2,259$1,493$972$106
34 years$4,659$3,175$2,110$1,374$880$89
35 years$4,476$3,011$1,973$1,265$797$74
36 years$4,304$2,858$1,846$1,165$722$62
37 years$4,142$2,715$1,727$1,073$655$51
38 years$3,988$2,580$1,618$989$594$43
39 years$3,843$2,453$1,516$912$538$36
40 years$3,705$2,334$1,421$841$488$30
41 years$3,574$2,222$1,332$776$443$25
42 years$3,450$2,116$1,250$716$402$21
43 years$3,332$2,016$1,172$661$365$17
44 years$3,220$1,922$1,101$611$331$15
45 years$3,113$1,833$1,033$564$301$12
46 years$3,011$1,748$971$521$273$10
47 years$2,913$1,668$912$481$248$8
48 years$2,820$1,593$857$445$225$7
49 years$2,731$1,521$805$411$204$6
50 years$2,646$1,453$757$380$186$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,710,000, adding $3,604 every year, while hoping to spend $31,143 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: 52/23/25 Blend
67$2,710,000$2,710,000$2,710,000$2,710,000
68$2,990,138$2,846,508$2,804,503$3,124,588
69$3,261,996$2,952,850$2,865,317$3,324,423
70$3,560,540$3,063,360$2,927,126$3,538,209
71$3,888,458$3,178,209$2,989,928$3,770,134
72$4,248,714$3,297,574$3,053,724$4,021,938
73$4,644,570$3,421,643$3,118,511$4,295,536
74$5,079,622$3,550,609$3,184,287$4,593,035
75$5,557,831$3,684,676$3,251,048$4,916,752
76$6,083,559$3,824,055$3,318,788$5,269,237
77$6,661,615$3,968,966$3,387,500$5,653,297
78$7,297,295$4,119,641$3,457,176$6,072,020
79$7,996,435$4,276,319$3,527,807$6,528,806
80$8,765,463$4,439,250$3,599,381$7,027,396
81$9,611,464$4,608,697$3,671,884$7,571,911
82$10,542,243$4,784,933$3,745,301$8,166,884
83$11,566,399$4,968,242$3,819,616$8,817,308
84$12,693,408$5,158,922$3,894,809$9,528,680
85$13,933,709$5,357,283$3,970,859$10,307,051
86$15,298,807$5,563,649$4,047,743$11,159,086
87$16,801,377$5,778,359$4,125,433$12,092,124
88$18,455,384$6,001,766$4,203,902$13,114,244
89$20,276,219$6,234,238$4,283,118$14,234,348
90$22,280,837$6,476,160$4,363,048$15,462,236
91$24,487,925$6,727,935$4,443,652$16,808,703
92$26,918,071$6,989,981$4,524,892$18,285,638
93$29,593,962$7,262,737$4,606,723$19,906,137
94$32,540,596$7,546,662$4,689,099$21,684,622
95$35,785,521$7,842,232$4,771,967$23,636,982
96$39,359,090$8,149,947$4,855,274$25,780,716
97$43,294,752$8,470,329$4,938,960$28,135,104
98$47,629,363$8,803,922$5,022,963$30,721,381
99$52,403,540$9,151,296$5,107,213$33,562,941
100$57,662,036$9,513,044$5,191,639$36,685,554