Can I retire at age 68 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$232,047$229,980$227,964$225,995$224,073$217,162
2 years$114,875$112,735$110,662$108,652$106,702$99,798
3 years$75,822$73,674$71,606$69,614$67,696$61,018
4 years$56,300$54,158$52,111$50,153$48,281$41,880
5 years$44,590$42,461$40,440$38,522$36,703$30,595
6 years$36,785$34,672$32,681$30,807$29,042$23,233
7 years$31,213$29,118$27,158$25,328$23,619$18,108
8 years$27,036$24,959$23,033$21,247$19,594$14,379
9 years$23,788$21,732$19,838$18,098$16,501$11,575
10 years$21,192$19,155$17,295$15,600$14,060$9,416
11 years$19,069$17,053$15,226$13,577$12,092$7,722
12 years$17,301$15,306$13,513$11,909$10,478$6,374
13 years$15,807$13,832$12,073$10,514$9,137$5,288
14 years$14,527$12,573$10,848$9,333$8,010$4,405
15 years$13,418$11,485$9,794$8,323$7,052$3,682
16 years$12,449$10,538$8,880$7,453$6,233$3,087
17 years$11,595$9,705$8,080$6,696$5,527$2,593
18 years$10,837$8,968$7,376$6,035$4,914$2,183
19 years$10,159$8,311$6,752$5,453$4,380$1,841
20 years$9,550$7,723$6,197$4,938$3,912$1,554
21 years$9,000$7,194$5,700$4,482$3,501$1,313
22 years$8,500$6,715$5,254$4,075$3,138$1,111
23 years$8,045$6,281$4,851$3,711$2,817$941
24 years$7,628$5,884$4,486$3,385$2,532$797
25 years$7,245$5,522$4,155$3,091$2,278$676
26 years$6,892$5,190$3,854$2,827$2,052$573
27 years$6,565$4,884$3,578$2,587$1,850$486
28 years$6,263$4,603$3,327$2,370$1,670$413
29 years$5,982$4,342$3,096$2,174$1,508$350
30 years$5,720$4,101$2,883$1,995$1,362$297
31 years$5,475$3,876$2,688$1,832$1,232$253
32 years$5,247$3,668$2,508$1,684$1,114$215
33 years$5,032$3,474$2,342$1,548$1,008$182
34 years$4,831$3,292$2,188$1,425$913$155
35 years$4,641$3,123$2,046$1,312$827$132
36 years$4,463$2,964$1,914$1,208$749$112
37 years$4,294$2,815$1,791$1,113$679$95
38 years$4,135$2,675$1,677$1,026$616$81
39 years$3,985$2,544$1,572$946$558$69
40 years$3,842$2,420$1,473$872$506$58
41 years$3,706$2,304$1,381$805$459$50
42 years$3,578$2,194$1,296$743$417$42
43 years$3,455$2,090$1,216$686$378$36
44 years$3,339$1,993$1,141$633$343$31
45 years$3,228$1,900$1,072$585$312$26
46 years$3,122$1,813$1,006$540$283$22
47 years$3,021$1,730$946$499$257$19
48 years$2,924$1,651$889$461$233$16
49 years$2,832$1,577$835$426$212$14
50 years$2,744$1,506$785$394$193$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,810,000, adding $6,329 every year, while hoping to spend $35,116 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: 52/21/27 Blend
67$2,810,000$2,810,000$2,810,000$2,810,000
68$3,103,148$2,954,218$2,910,663$3,240,746
69$3,382,306$3,061,612$2,970,807$3,444,332
70$3,688,762$3,173,091$3,031,789$3,661,603
71$4,025,261$3,288,818$3,093,600$3,897,260
72$4,394,831$3,408,964$3,156,229$4,153,073
73$4,800,806$3,533,705$3,219,665$4,430,987
74$5,246,858$3,663,226$3,283,893$4,733,143
75$5,737,033$3,797,719$3,348,899$5,061,900
76$6,275,787$3,937,385$3,414,665$5,419,849
77$6,868,033$4,082,432$3,481,171$5,809,846
78$7,519,179$4,233,078$3,548,397$6,235,033
79$8,235,186$4,389,550$3,616,320$6,698,869
80$9,022,622$4,552,084$3,684,912$7,205,162
81$9,888,720$4,720,927$3,754,148$7,758,104
82$10,841,452$4,896,335$3,823,995$8,362,313
83$11,889,602$5,078,578$3,894,420$9,022,870
84$13,042,846$5,267,933$3,965,388$9,745,373
85$14,311,847$5,464,692$4,036,859$10,535,985
86$15,708,353$5,669,160$4,108,791$11,401,493
87$17,245,308$5,881,652$4,181,140$12,349,373
88$18,936,977$6,102,500$4,253,854$13,387,856
89$20,799,073$6,332,047$4,326,884$14,526,011
90$22,848,915$6,570,654$4,400,171$15,773,824
91$25,105,584$6,818,695$4,473,656$17,142,295
92$27,590,104$7,076,562$4,547,274$18,643,542
93$30,325,644$7,344,662$4,620,956$20,290,910
94$33,337,731$7,623,422$4,694,630$22,099,101
95$36,654,495$7,913,286$4,768,216$24,084,313
96$40,306,933$8,214,716$4,841,631$26,264,385
97$44,329,201$8,528,198$4,914,786$28,658,973
98$48,758,935$8,854,236$4,987,587$31,289,728
99$53,637,610$9,193,356$5,059,934$34,180,506
100$59,010,924$9,546,109$5,131,721$37,357,586