Can I retire at age 68 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$227,918$225,888$223,907$221,974$220,086$215,908
2 years$112,831$110,729$108,693$106,718$104,803$100,609
3 years$74,473$72,363$70,331$68,375$66,491$62,413
4 years$55,298$53,194$51,183$49,261$47,422$43,491
5 years$43,796$41,705$39,720$37,837$36,050$32,277
6 years$36,131$34,055$32,100$30,258$28,525$24,915
7 years$30,658$28,600$26,675$24,877$23,198$19,752
8 years$26,555$24,515$22,623$20,869$19,245$15,961
9 years$23,365$21,345$19,485$17,776$16,207$13,084
10 years$20,815$18,814$16,987$15,323$13,809$10,844
11 years$18,730$16,749$14,955$13,335$11,877$9,065
12 years$16,993$15,033$13,273$11,697$10,292$7,630
13 years$15,525$13,586$11,858$10,327$8,975$6,459
14 years$14,268$12,349$10,655$9,167$7,867$5,493
15 years$13,179$11,281$9,620$8,175$6,927$4,689
16 years$12,228$10,350$8,722$7,320$6,122$4,015
17 years$11,389$9,532$7,936$6,577$5,428$3,448
18 years$10,644$8,808$7,245$5,927$4,827$2,967
19 years$9,979$8,163$6,632$5,356$4,302$2,559
20 years$9,380$7,586$6,087$4,851$3,843$2,210
21 years$8,840$7,066$5,599$4,402$3,439$1,911
22 years$8,349$6,596$5,160$4,003$3,082$1,655
23 years$7,901$6,169$4,764$3,645$2,767$1,435
24 years$7,492$5,780$4,406$3,325$2,487$1,245
25 years$7,116$5,424$4,081$3,036$2,238$1,081
26 years$6,769$5,098$3,785$2,776$2,016$939
27 years$6,449$4,798$3,515$2,541$1,817$816
28 years$6,151$4,521$3,267$2,328$1,640$710
29 years$5,875$4,265$3,041$2,135$1,481$618
30 years$5,618$4,028$2,832$1,959$1,338$538
31 years$5,378$3,807$2,640$1,800$1,210$468
32 years$5,153$3,603$2,464$1,654$1,094$408
33 years$4,943$3,412$2,300$1,521$990$355
34 years$4,745$3,234$2,149$1,399$897$309
35 years$4,559$3,067$2,009$1,288$812$270
36 years$4,384$2,911$1,880$1,186$736$235
37 years$4,218$2,765$1,759$1,093$667$205
38 years$4,062$2,628$1,648$1,008$605$179
39 years$3,914$2,499$1,544$929$548$156
40 years$3,773$2,377$1,447$857$497$136
41 years$3,640$2,263$1,357$791$451$118
42 years$3,514$2,155$1,273$730$409$103
43 years$3,394$2,053$1,194$673$372$90
44 years$3,279$1,957$1,121$622$337$79
45 years$3,170$1,866$1,052$574$306$69
46 years$3,066$1,780$989$530$278$60
47 years$2,967$1,699$929$490$252$52
48 years$2,872$1,622$873$453$229$46
49 years$2,782$1,549$820$419$208$40
50 years$2,695$1,480$771$387$189$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,760,000, adding $3,444 every year, while hoping to spend $22,711 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: 46/45/9 Blend
67$2,760,000$2,760,000$2,760,000$2,760,000
68$3,045,072$2,898,792$2,856,012$3,177,379
69$3,331,506$3,016,669$2,927,525$3,386,869
70$3,646,394$3,139,560$3,000,671$3,611,361
71$3,992,615$3,267,688$3,075,483$3,854,365
72$4,373,341$3,401,284$3,151,991$4,117,602
73$4,792,066$3,540,591$3,230,227$4,402,959
74$5,252,639$3,685,863$3,310,222$4,712,511
75$5,759,302$3,837,363$3,392,008$5,048,536
76$6,316,727$3,995,371$3,475,617$5,413,536
77$6,930,065$4,160,175$3,561,081$5,810,262
78$7,604,986$4,332,079$3,648,432$6,241,736
79$8,347,744$4,511,400$3,737,704$6,711,279
80$9,165,225$4,698,469$3,828,928$7,222,543
81$10,065,019$4,893,635$3,922,138$7,779,541
82$11,055,487$5,097,259$4,017,365$8,386,687
83$12,145,843$5,309,722$4,114,644$9,048,834
84$13,346,241$5,531,420$4,214,007$9,771,319
85$14,667,868$5,762,770$4,315,486$10,560,013
86$16,123,050$6,004,205$4,419,114$11,421,373
87$17,725,371$6,256,181$4,524,925$12,362,501
88$19,489,799$6,519,174$4,632,949$13,391,214
89$21,432,826$6,793,681$4,743,221$14,516,110
90$23,572,626$7,080,224$4,855,771$15,746,651
91$25,929,227$7,379,347$4,970,632$17,093,249
92$28,524,694$7,691,621$5,087,834$18,567,362
93$31,383,346$8,017,644$5,207,409$20,181,603
94$34,531,978$8,358,039$5,329,388$21,949,852
95$38,000,117$8,713,461$5,453,801$23,887,390
96$41,820,303$9,084,593$5,580,676$26,011,035
97$46,028,388$9,472,153$5,710,043$28,339,305
98$50,663,884$9,876,889$5,841,930$30,892,584
99$55,770,330$10,299,586$5,976,364$33,693,317
100$61,395,703$10,741,065$6,113,372$36,766,214