Can I retire at age 68 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$236,176$234,072$232,020$230,017$228,060$225,211
2 years$116,919$114,741$112,631$110,585$108,600$105,733
3 years$77,172$74,985$72,880$70,853$68,900$66,104
4 years$57,302$55,122$53,038$51,045$49,140$46,437
5 years$45,383$43,216$41,159$39,208$37,356$34,753
6 years$37,440$35,289$33,263$31,355$29,558$27,060
7 years$31,769$29,636$27,642$25,779$24,039$21,645
8 years$27,517$25,403$23,442$21,625$19,943$17,654
9 years$24,212$22,118$20,191$18,420$16,794$14,609
10 years$21,569$19,496$17,603$15,878$14,310$12,227
11 years$19,408$17,356$15,497$13,819$12,307$10,324
12 years$17,609$15,578$13,753$12,121$10,665$8,780
13 years$16,088$14,078$12,288$10,701$9,300$7,511
14 years$14,785$12,796$11,041$9,499$8,152$6,456
15 years$13,657$11,690$9,968$8,471$7,178$5,572
16 years$12,671$10,725$9,038$7,585$6,344$4,825
17 years$11,802$9,878$8,224$6,815$5,625$4,191
18 years$11,030$9,127$7,507$6,142$5,001$3,649
19 years$10,340$8,459$6,873$5,550$4,458$3,183
20 years$9,720$7,861$6,307$5,026$3,982$2,782
21 years$9,160$7,322$5,802$4,562$3,563$2,436
22 years$8,651$6,835$5,347$4,148$3,194$2,135
23 years$8,188$6,392$4,937$3,777$2,867$1,874
24 years$7,763$5,989$4,566$3,445$2,577$1,646
25 years$7,374$5,621$4,229$3,146$2,319$1,447
26 years$7,014$5,282$3,922$2,877$2,089$1,273
27 years$6,682$4,971$3,642$2,633$1,883$1,121
28 years$6,374$4,684$3,386$2,413$1,699$988
29 years$6,088$4,419$3,151$2,212$1,534$871
30 years$5,822$4,174$2,935$2,030$1,386$768
31 years$5,573$3,945$2,736$1,865$1,253$678
32 years$5,340$3,733$2,553$1,714$1,134$598
33 years$5,122$3,535$2,384$1,576$1,026$528
34 years$4,917$3,351$2,227$1,450$929$466
35 years$4,724$3,178$2,082$1,335$841$412
36 years$4,542$3,016$1,948$1,229$762$364
37 years$4,371$2,865$1,823$1,133$691$322
38 years$4,209$2,723$1,707$1,044$626$284
39 years$4,055$2,589$1,599$963$568$251
40 years$3,910$2,463$1,499$888$515$222
41 years$3,772$2,345$1,406$819$467$196
42 years$3,641$2,233$1,319$756$424$174
43 years$3,517$2,128$1,237$698$385$154
44 years$3,398$2,028$1,162$644$349$136
45 years$3,285$1,934$1,091$595$317$120
46 years$3,177$1,845$1,024$550$288$106
47 years$3,075$1,761$962$508$262$94
48 years$2,976$1,681$904$469$238$83
49 years$2,882$1,605$850$434$216$74
50 years$2,792$1,533$799$401$196$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,860,000, adding $4,015 every year, while hoping to spend $27,274 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: 38/37/25 Blend
67$2,860,000$2,860,000$2,860,000$2,860,000
68$3,155,861$3,004,281$2,959,951$3,252,107
69$3,448,740$3,122,472$3,030,091$3,440,913
70$3,770,578$3,245,540$3,101,665$3,642,005
71$4,124,301$3,373,695$3,174,695$3,858,801
72$4,513,130$3,507,157$3,249,198$4,092,741
73$4,940,618$3,646,155$3,325,194$4,345,406
74$5,410,674$3,790,930$3,402,701$4,618,532
75$5,927,608$3,941,731$3,481,737$4,914,024
76$6,496,168$4,098,820$3,562,319$5,233,978
77$7,121,586$4,262,471$3,644,466$5,580,694
78$7,809,625$4,432,970$3,728,193$5,956,703
79$8,566,636$4,610,614$3,813,516$6,364,782
80$9,399,615$4,795,716$3,900,451$6,807,987
81$10,316,272$4,988,603$3,989,013$7,289,677
82$11,325,102$5,189,615$4,079,215$7,813,546
83$12,435,464$5,399,108$4,171,071$8,383,655
84$13,657,673$5,617,455$4,264,593$9,004,470
85$15,003,091$5,845,046$4,359,792$9,680,904
86$16,484,240$6,082,287$4,456,679$10,418,362
87$18,114,918$6,329,605$4,555,263$11,222,789
88$19,910,328$6,587,443$4,655,552$12,100,726
89$21,887,221$6,856,268$4,757,553$13,059,371
90$24,064,058$7,136,565$4,861,272$14,106,644
91$26,461,179$7,428,844$4,966,711$15,251,262
92$29,100,998$7,733,636$5,073,874$16,502,817
93$32,008,212$8,051,497$5,182,762$17,871,870
94$35,210,039$8,383,009$5,293,374$19,370,041
95$38,736,467$8,728,780$5,405,705$21,010,125
96$42,620,543$9,089,447$5,519,753$22,806,207
97$46,898,683$9,465,675$5,635,509$24,773,793
98$51,611,015$9,858,159$5,752,965$26,929,954
99$56,801,757$10,267,628$5,872,109$29,293,487
100$62,519,638$10,694,843$5,992,926$31,885,089