Can I retire at age 68 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$231,221$229,162$227,152$225,191$223,276$217,702
2 years$114,466$112,334$110,268$108,265$106,322$100,741
3 years$75,553$73,412$71,351$69,366$67,455$62,042
4 years$56,100$53,965$51,925$49,975$48,109$42,907
5 years$44,431$42,309$40,296$38,385$36,572$31,593
6 years$36,655$34,549$32,565$30,697$28,938$24,189
7 years$31,102$29,014$27,062$25,238$23,535$19,015
8 years$26,940$24,870$22,951$21,171$19,524$15,232
9 years$23,704$21,654$19,767$18,033$16,442$12,374
10 years$21,117$19,087$17,234$15,545$14,010$10,161
11 years$19,001$16,992$15,172$13,529$12,049$8,413
12 years$17,240$15,251$13,465$11,866$10,441$7,013
13 years$15,750$13,783$12,030$10,476$9,105$5,878
14 years$14,475$12,528$10,809$9,300$7,981$4,947
15 years$13,370$11,445$9,759$8,294$7,027$4,180
16 years$12,405$10,500$8,848$7,426$6,211$3,541
17 years$11,554$9,670$8,051$6,672$5,507$3,008
18 years$10,799$8,936$7,350$6,013$4,896$2,561
19 years$10,123$8,282$6,728$5,433$4,364$2,183
20 years$9,516$7,696$6,175$4,921$3,898$1,864
21 years$8,968$7,168$5,680$4,466$3,489$1,594
22 years$8,470$6,691$5,235$4,061$3,127$1,364
23 years$8,016$6,258$4,833$3,698$2,807$1,169
24 years$7,601$5,864$4,470$3,373$2,523$1,002
25 years$7,219$5,503$4,140$3,080$2,270$860
26 years$6,867$5,172$3,840$2,816$2,045$738
27 years$6,542$4,867$3,566$2,578$1,844$634
28 years$6,241$4,586$3,315$2,362$1,664$545
29 years$5,961$4,327$3,085$2,166$1,502$468
30 years$5,700$4,086$2,873$1,988$1,357$402
31 years$5,456$3,863$2,679$1,826$1,227$346
32 years$5,228$3,655$2,499$1,678$1,110$298
33 years$5,014$3,461$2,334$1,543$1,005$256
34 years$4,814$3,280$2,180$1,420$910$220
35 years$4,625$3,111$2,038$1,307$824$190
36 years$4,447$2,953$1,907$1,204$746$163
37 years$4,279$2,805$1,785$1,109$677$140
38 years$4,120$2,666$1,671$1,022$613$121
39 years$3,970$2,535$1,566$942$556$104
40 years$3,828$2,412$1,468$869$504$90
41 years$3,693$2,296$1,376$802$458$77
42 years$3,565$2,186$1,291$740$415$66
43 years$3,443$2,083$1,211$683$377$57
44 years$3,327$1,986$1,137$631$342$49
45 years$3,216$1,893$1,068$583$311$42
46 years$3,111$1,806$1,003$538$282$37
47 years$3,010$1,724$942$497$256$31
48 years$2,914$1,646$885$459$233$27
49 years$2,822$1,571$832$425$211$23
50 years$2,734$1,501$782$392$192$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,800,000, adding $5,190 every year, while hoping to spend $48,962 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: 59/29/12 Blend
67$2,800,000$2,800,000$2,800,000$2,800,000
68$3,090,953$2,942,553$2,899,153$3,263,964
69$3,354,136$3,034,643$2,944,180$3,473,183
70$3,642,521$3,129,605$2,989,074$3,695,270
71$3,958,629$3,227,527$3,033,779$3,936,263
72$4,305,235$3,328,500$3,078,236$4,197,987
73$4,685,393$3,432,621$3,122,381$4,482,448
74$5,102,469$3,539,986$3,166,147$4,791,858
75$5,560,171$3,650,695$3,209,463$5,128,648
76$6,062,582$3,764,853$3,252,253$5,495,495
77$6,614,200$3,882,565$3,294,438$5,895,347
78$7,219,980$4,003,942$3,335,933$6,331,448
79$7,885,380$4,129,098$3,376,649$6,807,371
80$8,616,413$4,258,148$3,416,492$7,327,050
81$9,419,704$4,391,213$3,455,360$7,894,814
82$10,302,549$4,528,418$3,493,150$8,515,435
83$11,272,988$4,669,890$3,529,750$9,194,164
84$12,339,880$4,815,761$3,565,043$9,936,787
85$13,512,980$4,966,167$3,598,905$10,749,673
86$14,803,042$5,121,247$3,631,206$11,639,839
87$16,221,910$5,281,145$3,661,809$12,615,015
88$17,782,635$5,446,011$3,690,570$13,683,712
89$19,499,595$5,615,997$3,717,335$14,855,309
90$21,388,634$5,791,261$3,741,946$16,140,133
91$23,467,207$5,971,966$3,764,234$17,549,562
92$25,754,549$6,158,278$3,784,022$19,096,133
93$28,271,850$6,350,371$3,801,124$20,793,652
94$31,042,461$6,548,422$3,815,345$22,657,332
95$34,092,112$6,752,615$3,826,478$24,703,931
96$37,449,152$6,963,137$3,834,310$26,951,914
97$41,144,818$7,180,184$3,838,612$29,421,621
98$45,213,532$7,403,955$3,839,148$32,135,464
99$49,693,221$7,634,657$3,835,668$35,118,134
100$54,625,677$7,872,503$3,827,911$38,396,838