Can I retire at age 68 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$229,570$227,525$225,530$223,583$221,681$214,242
2 years$113,648$111,532$109,481$107,492$105,562$98,141
3 years$75,013$72,887$70,841$68,871$66,973$59,803
4 years$55,699$53,580$51,554$49,618$47,766$40,901
5 years$44,114$42,007$40,008$38,111$36,311$29,770
6 years$36,393$34,302$32,333$30,478$28,732$22,519
7 years$30,880$28,807$26,869$25,057$23,366$17,483
8 years$26,747$24,693$22,787$21,020$19,385$13,825
9 years$23,534$21,500$19,626$17,904$16,325$11,082
10 years$20,966$18,951$17,110$15,434$13,909$8,975
11 years$18,866$16,871$15,064$13,432$11,963$7,327
12 years$17,117$15,142$13,369$11,782$10,367$6,020
13 years$15,638$13,684$11,944$10,401$9,040$4,970
14 years$14,372$12,439$10,732$9,233$7,924$4,121
15 years$13,275$11,363$9,689$8,234$6,977$3,428
16 years$12,316$10,425$8,785$7,373$6,166$2,859
17 years$11,472$9,601$7,994$6,625$5,468$2,390
18 years$10,721$8,872$7,297$5,970$4,862$2,001
19 years$10,051$8,222$6,680$5,395$4,333$1,678
20 years$9,448$7,641$6,131$4,886$3,870$1,409
21 years$8,904$7,117$5,639$4,434$3,464$1,185
22 years$8,409$6,643$5,197$4,032$3,105$997
23 years$7,959$6,213$4,799$3,672$2,787$839
24 years$7,546$5,822$4,438$3,349$2,505$707
25 years$7,167$5,463$4,111$3,058$2,254$596
26 years$6,818$5,135$3,812$2,796$2,030$503
27 years$6,495$4,832$3,540$2,560$1,831$424
28 years$6,196$4,553$3,291$2,345$1,652$358
29 years$5,918$4,296$3,063$2,151$1,491$302
30 years$5,659$4,057$2,853$1,974$1,348$255
31 years$5,417$3,835$2,659$1,813$1,218$215
32 years$5,191$3,629$2,481$1,666$1,102$182
33 years$4,979$3,436$2,317$1,532$997$154
34 years$4,779$3,257$2,165$1,409$903$130
35 years$4,592$3,089$2,024$1,298$818$110
36 years$4,415$2,932$1,893$1,195$741$93
37 years$4,249$2,785$1,772$1,101$672$78
38 years$4,091$2,647$1,659$1,015$609$66
39 years$3,942$2,517$1,555$936$552$56
40 years$3,801$2,394$1,457$863$501$47
41 years$3,667$2,279$1,366$796$454$40
42 years$3,539$2,171$1,282$735$412$34
43 years$3,418$2,068$1,203$678$374$29
44 years$3,303$1,971$1,129$626$340$24
45 years$3,193$1,880$1,060$578$308$20
46 years$3,088$1,793$996$534$280$17
47 years$2,989$1,711$935$494$254$15
48 years$2,893$1,634$879$456$231$12
49 years$2,802$1,560$826$422$210$10
50 years$2,714$1,490$777$390$190$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,780,000, adding $5,084 every year, while hoping to spend $42,339 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: 51/44/5 Blend
67$2,780,000$2,780,000$2,780,000$2,780,000
68$3,068,804$2,921,464$2,878,374$3,221,506
69$3,336,774$3,019,568$2,929,751$3,423,830
70$3,630,657$3,121,059$2,981,431$3,638,620
71$3,953,053$3,226,060$3,033,377$3,871,072
72$4,306,824$3,334,696$3,085,555$4,122,850
73$4,695,121$3,447,097$3,137,922$4,395,784
74$5,121,419$3,563,400$3,190,438$4,691,888
75$5,589,542$3,683,745$3,243,056$5,013,372
76$6,103,704$3,808,278$3,295,727$5,362,671
77$6,668,548$3,937,149$3,348,400$5,742,461
78$7,289,187$4,070,517$3,401,018$6,155,686
79$7,971,255$4,208,543$3,453,524$6,605,584
80$8,720,960$4,351,398$3,505,853$7,095,718
81$9,545,138$4,499,257$3,557,940$7,630,011
82$10,451,323$4,652,302$3,609,712$8,212,775
83$11,447,816$4,810,723$3,661,095$8,848,759
84$12,543,761$4,974,715$3,712,009$9,543,190
85$13,749,232$5,144,484$3,762,369$10,301,820
86$15,075,330$5,320,241$3,812,085$11,130,981
87$16,534,287$5,502,205$3,861,063$12,037,643
88$18,139,577$5,690,606$3,909,201$13,029,480
89$19,906,049$5,885,681$3,956,394$14,114,943
90$21,850,062$6,087,675$4,002,530$15,303,332
91$23,989,642$6,296,846$4,047,489$16,604,892
92$26,344,653$6,513,458$4,091,147$18,030,902
93$28,936,979$6,737,789$4,133,371$19,593,783
94$31,790,735$6,970,124$4,174,023$21,307,213
95$34,932,492$7,210,763$4,212,956$23,186,257
96$38,391,531$7,460,015$4,250,014$25,247,504
97$42,200,113$7,718,202$4,285,036$27,509,229
98$46,393,789$7,985,658$4,317,849$29,991,556
99$51,011,732$8,262,732$4,348,274$32,716,653
100$56,097,107$8,549,784$4,376,119$35,708,937