Can I retire at age 68 with 2,960,000?

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 $2,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$244,434$242,257$240,132$238,059$236,035$228,205
2 years$121,007$118,753$116,569$114,451$112,397$104,585
3 years$79,870$77,607$75,428$73,330$71,310$63,760
4 years$59,306$57,049$54,892$52,830$50,859$43,629
5 years$46,970$44,727$42,599$40,579$38,662$31,772
6 years$38,749$36,523$34,426$32,451$30,592$24,048
7 years$32,879$30,672$28,608$26,680$24,879$18,680
8 years$28,479$26,292$24,262$22,381$20,640$14,780
9 years$25,058$22,892$20,897$19,064$17,382$11,855
10 years$22,323$20,178$18,218$16,433$14,810$9,607
11 years$20,087$17,963$16,039$14,302$12,737$7,848
12 years$18,225$16,123$14,234$12,545$11,038$6,452
13 years$16,650$14,570$12,717$11,075$9,625$5,331
14 years$15,302$13,244$11,427$9,831$8,437$4,423
15 years$14,135$12,099$10,317$8,768$7,429$3,681
16 years$13,114$11,100$9,354$7,850$6,566$3,073
17 years$12,214$10,223$8,511$7,054$5,822$2,570
18 years$11,416$9,446$7,770$6,357$5,176$2,154
19 years$10,702$8,755$7,113$5,744$4,614$1,808
20 years$10,060$8,135$6,528$5,202$4,121$1,519
21 years$9,480$7,578$6,004$4,721$3,688$1,278
22 years$8,954$7,074$5,534$4,293$3,306$1,076
23 years$8,474$6,616$5,110$3,909$2,967$907
24 years$8,035$6,199$4,726$3,566$2,667$765
25 years$7,631$5,817$4,377$3,256$2,400$645
26 years$7,260$5,467$4,059$2,977$2,162$545
27 years$6,916$5,145$3,769$2,725$1,949$460
28 years$6,597$4,848$3,504$2,497$1,759$388
29 years$6,301$4,574$3,261$2,290$1,588$328
30 years$6,025$4,319$3,037$2,101$1,435$277
31 years$5,768$4,083$2,832$1,930$1,297$234
32 years$5,527$3,864$2,642$1,774$1,173$198
33 years$5,301$3,659$2,467$1,631$1,062$167
34 years$5,089$3,468$2,305$1,501$962$142
35 years$4,889$3,289$2,155$1,382$871$120
36 years$4,701$3,122$2,016$1,272$789$101
37 years$4,524$2,965$1,887$1,172$715$86
38 years$4,356$2,818$1,767$1,081$648$72
39 years$4,197$2,680$1,655$996$588$61
40 years$4,047$2,549$1,552$919$533$52
41 years$3,904$2,427$1,455$848$484$44
42 years$3,769$2,311$1,365$782$439$37
43 years$3,640$2,202$1,281$722$398$31
44 years$3,517$2,099$1,202$667$362$27
45 years$3,400$2,002$1,129$616$328$22
46 years$3,288$1,909$1,060$569$298$19
47 years$3,182$1,822$996$526$271$16
48 years$3,080$1,740$936$486$246$14
49 years$2,983$1,661$880$449$223$11
50 years$2,890$1,587$827$415$203$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,960,000, adding $4,518 every year, while hoping to spend $51,810 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: 74/7/19 Blend
67$2,960,000$2,960,000$2,960,000$2,960,000
68$3,266,580$3,109,700$3,063,820$3,493,406
69$3,544,646$3,206,950$3,111,333$3,741,732
70$3,849,338$3,307,229$3,158,701$4,007,015
71$4,183,318$3,410,630$3,205,864$4,296,375
72$4,549,515$3,517,250$3,252,760$4,612,198
73$4,951,159$3,627,189$3,299,321$4,957,109
74$5,391,806$3,740,549$3,345,476$5,334,002
75$5,875,370$3,857,436$3,391,150$5,746,063
76$6,406,166$3,977,959$3,436,262$6,196,804
77$6,988,946$4,102,230$3,480,727$6,690,090
78$7,628,944$4,230,365$3,524,457$7,230,181
79$8,331,926$4,362,483$3,567,357$7,821,771
80$9,104,245$4,498,707$3,609,325$8,470,027
81$9,952,898$4,639,163$3,650,257$9,180,646
82$10,885,594$4,783,983$3,690,041$9,959,902
83$11,910,826$4,933,299$3,728,559$10,814,708
84$13,037,951$5,087,252$3,765,687$11,752,680
85$14,277,278$5,245,983$3,801,294$12,782,210
86$15,640,164$5,409,640$3,835,241$13,912,543
87$17,139,123$5,578,375$3,867,383$15,153,866
88$18,787,941$5,752,342$3,897,568$16,517,404
89$20,601,808$5,931,704$3,925,633$18,015,525
90$22,597,460$6,116,625$3,951,410$19,661,856
91$24,793,339$6,307,278$3,974,720$21,471,411
92$27,209,761$6,503,836$3,995,375$23,460,738
93$29,869,115$6,706,483$4,013,179$25,648,067
94$32,796,068$6,915,404$4,027,923$28,053,486
95$36,017,800$7,130,791$4,039,391$30,699,133
96$39,564,259$7,352,843$4,047,354$33,609,400
97$43,468,445$7,581,764$4,051,572$36,811,166
98$47,766,720$7,817,764$4,051,794$40,334,049
99$52,499,151$8,061,060$4,047,754$44,210,688
100$57,709,886$8,311,874$4,039,176$48,477,047