Can I retire at age 68 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$235,350$233,254$231,209$229,212$227,263$224,237
2 years$116,510$114,340$112,237$110,198$108,220$105,177
3 years$76,902$74,723$72,625$70,605$68,660$65,693
4 years$57,102$54,929$52,852$50,867$48,969$46,101
5 years$45,225$43,065$41,016$39,071$37,225$34,466
6 years$37,309$35,166$33,147$31,245$29,455$26,807
7 years$31,657$29,532$27,545$25,688$23,955$21,419
8 years$27,421$25,315$23,360$21,549$19,873$17,449
9 years$24,127$22,041$20,120$18,355$16,736$14,423
10 years$21,494$19,428$17,541$15,822$14,260$12,056
11 years$19,341$17,296$15,443$13,770$12,264$10,167
12 years$17,548$15,524$13,705$12,078$10,628$8,636
13 years$16,032$14,029$12,245$10,663$9,267$7,378
14 years$14,733$12,752$11,002$9,466$8,124$6,333
15 years$13,609$11,649$9,933$8,442$7,153$5,459
16 years$12,627$10,688$9,006$7,559$6,322$4,721
17 years$11,760$9,843$8,195$6,791$5,605$4,094
18 years$10,991$9,095$7,481$6,120$4,984$3,559
19 years$10,304$8,429$6,849$5,530$4,442$3,101
20 years$9,686$7,833$6,285$5,009$3,968$2,706
21 years$9,128$7,296$5,781$4,546$3,551$2,365
22 years$8,621$6,811$5,328$4,133$3,183$2,070
23 years$8,159$6,370$4,920$3,764$2,857$1,814
24 years$7,736$5,968$4,550$3,433$2,568$1,591
25 years$7,348$5,601$4,214$3,135$2,311$1,397
26 years$6,990$5,264$3,908$2,867$2,082$1,227
27 years$6,659$4,954$3,629$2,624$1,877$1,079
28 years$6,352$4,668$3,374$2,404$1,693$949
29 years$6,067$4,404$3,140$2,205$1,529$835
30 years$5,801$4,159$2,925$2,023$1,382$735
31 years$5,553$3,932$2,726$1,858$1,249$648
32 years$5,321$3,720$2,544$1,708$1,130$571
33 years$5,104$3,523$2,375$1,570$1,023$503
34 years$4,900$3,339$2,219$1,445$926$444
35 years$4,708$3,167$2,075$1,330$839$391
36 years$4,526$3,006$1,941$1,225$760$345
37 years$4,356$2,855$1,817$1,129$689$304
38 years$4,194$2,713$1,701$1,040$624$269
39 years$4,041$2,580$1,594$959$566$237
40 years$3,896$2,455$1,494$885$513$209
41 years$3,759$2,337$1,401$816$466$185
42 years$3,628$2,225$1,314$753$423$163
43 years$3,504$2,120$1,233$695$384$144
44 years$3,386$2,021$1,157$642$348$127
45 years$3,274$1,927$1,087$593$316$112
46 years$3,166$1,839$1,021$548$287$99
47 years$3,064$1,755$959$506$261$87
48 years$2,966$1,675$901$468$237$77
49 years$2,872$1,599$847$432$215$68
50 years$2,783$1,528$796$399$195$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,850,000, adding $3,017 every year, while hoping to spend $42,708 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: 44/39/17 Blend
67$2,850,000$2,850,000$2,850,000$2,850,000
68$3,143,812$2,992,762$2,948,587$3,266,576
69$3,419,040$3,093,966$3,001,924$3,454,186
70$3,720,910$3,198,698$3,055,616$3,652,937
71$4,052,094$3,307,086$3,109,630$3,867,457
72$4,415,535$3,419,261$3,163,931$4,099,221
73$4,814,477$3,535,362$3,218,480$4,349,851
74$5,252,490$3,655,532$3,273,236$4,621,131
75$5,733,510$3,779,918$3,328,154$4,915,021
76$6,261,869$3,908,675$3,383,188$5,233,677
77$6,842,342$4,041,963$3,438,288$5,579,470
78$7,480,189$4,179,947$3,493,399$5,955,011
79$8,181,204$4,322,800$3,548,464$6,363,168
80$8,951,771$4,470,702$3,603,421$6,807,101
81$9,798,923$4,623,837$3,658,206$7,290,282
82$10,730,407$4,782,399$3,712,750$7,816,537
83$11,754,760$4,946,588$3,766,979$8,390,074
84$12,881,387$5,116,613$3,820,815$9,015,525
85$14,120,652$5,292,690$3,874,175$9,697,988
86$15,483,970$5,475,043$3,926,972$10,443,076
87$16,983,921$5,663,907$3,979,112$11,256,969
88$18,634,366$5,859,523$4,030,497$12,146,468
89$20,450,576$6,062,145$4,081,023$13,119,063
90$22,449,378$6,272,033$4,130,581$14,183,002
91$24,649,313$6,489,460$4,179,053$15,347,365
92$27,070,808$6,714,710$4,226,317$16,622,153
93$29,736,375$6,948,075$4,272,243$18,018,378
94$32,670,817$7,189,862$4,316,695$19,548,168
95$35,901,464$7,440,389$4,359,528$21,224,879
96$39,458,431$7,699,985$4,400,589$23,063,222
97$43,374,901$7,968,995$4,439,720$25,079,401
98$47,687,441$8,247,775$4,476,750$27,291,260
99$52,436,341$8,536,697$4,511,502$29,718,458
100$57,665,999$8,836,147$4,543,788$32,382,648