Can I retire at age 68 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$198,190$196,424$194,702$193,021$191,379$186,375
2 years$98,114$96,286$94,516$92,799$91,133$86,125
3 years$64,759$62,924$61,158$59,457$57,819$52,964
4 years$48,086$46,256$44,507$42,835$41,237$36,573
5 years$38,084$36,265$34,539$32,902$31,347$26,887
6 years$31,418$29,613$27,913$26,312$24,804$20,552
7 years$26,659$24,869$23,196$21,632$20,172$16,128
8 years$23,091$21,318$19,672$18,147$16,735$12,897
9 years$20,318$18,561$16,943$15,457$14,093$10,458
10 years$18,100$16,360$14,772$13,324$12,008$8,572
11 years$16,287$14,565$13,005$11,596$10,327$7,084
12 years$14,777$13,072$11,541$10,171$8,950$5,893
13 years$13,500$11,814$10,311$8,980$7,804$4,929
14 years$12,407$10,738$9,265$7,971$6,841$4,141
15 years$11,460$9,810$8,365$7,109$6,023$3,491
16 years$10,633$9,000$7,584$6,365$5,324$2,951
17 years$9,904$8,289$6,901$5,719$4,720$2,501
18 years$9,256$7,659$6,300$5,154$4,197$2,125
19 years$8,677$7,099$5,767$4,657$3,741$1,807
20 years$8,157$6,596$5,293$4,218$3,341$1,540
21 years$7,687$6,144$4,868$3,828$2,990$1,314
22 years$7,260$5,735$4,487$3,481$2,680$1,122
23 years$6,871$5,364$4,143$3,170$2,406$959
24 years$6,515$5,026$3,832$2,891$2,163$820
25 years$6,188$4,717$3,549$2,640$1,946$702
26 years$5,886$4,433$3,291$2,414$1,753$601
27 years$5,607$4,172$3,056$2,210$1,580$515
28 years$5,349$3,931$2,841$2,025$1,426$441
29 years$5,109$3,708$2,644$1,857$1,288$378
30 years$4,885$3,502$2,463$1,704$1,163$325
31 years$4,677$3,311$2,296$1,565$1,052$278
32 years$4,481$3,133$2,142$1,438$951$239
33 years$4,298$2,967$2,000$1,323$861$205
34 years$4,126$2,812$1,869$1,217$780$176
35 years$3,964$2,667$1,747$1,120$706$151
36 years$3,812$2,531$1,634$1,032$640$130
37 years$3,668$2,404$1,530$951$580$111
38 years$3,532$2,285$1,433$876$526$96
39 years$3,403$2,173$1,342$808$477$82
40 years$3,281$2,067$1,258$745$432$70
41 years$3,165$1,968$1,180$687$392$61
42 years$3,056$1,874$1,107$634$356$52
43 years$2,951$1,785$1,038$586$323$45
44 years$2,852$1,702$975$541$293$38
45 years$2,757$1,623$915$499$266$33
46 years$2,666$1,548$860$461$242$28
47 years$2,580$1,477$808$426$219$24
48 years$2,498$1,410$759$394$199$21
49 years$2,419$1,347$713$364$181$18
50 years$2,343$1,287$671$336$164$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,400,000, adding $3,532 every year, while hoping to spend $49,618 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: 65/15/20 Blend
67$2,400,000$2,400,000$2,400,000$2,400,000
68$2,648,443$2,521,243$2,484,043$2,806,957
69$2,865,791$2,591,991$2,514,466$2,984,598
70$3,103,646$2,664,542$2,544,244$3,172,678
71$3,364,046$2,738,933$2,573,305$3,377,053
72$3,649,238$2,815,200$2,601,569$3,599,321
73$3,961,694$2,893,379$2,628,956$3,841,242
74$4,304,138$2,973,506$2,655,377$4,104,755
75$4,679,570$3,055,617$2,680,742$4,391,996
76$5,091,292$3,139,749$2,704,953$4,705,316
77$5,542,944$3,225,936$2,727,909$5,047,307
78$6,038,533$3,314,216$2,749,503$5,420,823
79$6,582,474$3,404,623$2,769,621$5,829,009
80$7,179,629$3,497,192$2,788,146$6,275,328
81$7,835,355$3,591,958$2,804,953$6,763,597
82$8,555,552$3,688,955$2,819,909$7,298,022
83$9,346,720$3,788,216$2,832,878$7,883,235
84$10,216,020$3,889,773$2,843,715$8,524,341
85$11,171,341$3,993,659$2,852,266$9,226,964
86$12,221,373$4,099,903$2,858,372$9,997,302
87$13,375,691$4,208,536$2,861,865$10,842,181
88$14,644,843$4,319,586$2,862,569$11,769,128
89$16,040,450$4,433,079$2,860,299$12,786,431
90$17,575,318$4,549,042$2,854,861$13,903,228
91$19,263,552$4,667,497$2,846,050$15,129,584
92$21,120,696$4,788,466$2,833,655$16,476,593
93$23,163,875$4,911,969$2,817,450$17,956,478
94$25,411,958$5,038,022$2,797,202$19,582,710
95$27,885,734$5,166,642$2,772,665$21,370,133
96$30,608,110$5,297,839$2,743,580$23,335,103
97$33,604,327$5,431,623$2,709,680$25,495,645
98$36,902,195$5,567,999$2,670,681$27,871,624
99$40,532,358$5,706,970$2,626,288$30,484,929
100$44,528,581$5,848,533$2,576,191$33,359,682