Can I retire at age 68 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$199,016$197,243$195,513$193,825$192,177$191,287
2 years$98,523$96,688$94,909$93,185$91,513$90,614
3 years$65,029$63,186$61,413$59,705$58,059$57,180
4 years$48,286$46,449$44,693$43,014$41,408$40,556
5 years$38,243$36,416$34,683$33,039$31,478$30,654
6 years$31,549$29,737$28,029$26,421$24,908$24,113
7 years$26,770$24,973$23,292$21,722$20,256$19,492
8 years$23,187$21,406$19,754$18,222$16,805$16,071
9 years$20,402$18,638$17,014$15,521$14,152$13,448
10 years$18,175$16,429$14,833$13,380$12,058$11,384
11 years$16,355$14,625$13,059$11,644$10,370$9,726
12 years$14,839$13,127$11,589$10,214$8,987$8,371
13 years$13,557$11,863$10,354$9,017$7,837$7,249
14 years$12,459$10,783$9,303$8,004$6,870$6,310
15 years$11,508$9,851$8,400$7,138$6,049$5,516
16 years$10,677$9,038$7,616$6,392$5,346$4,839
17 years$9,945$8,323$6,930$5,743$4,740$4,258
18 years$9,294$7,691$6,326$5,176$4,214$3,758
19 years$8,713$7,128$5,791$4,677$3,756$3,324
20 years$8,191$6,624$5,315$4,236$3,355$2,945
21 years$7,719$6,170$4,889$3,844$3,003$2,615
22 years$7,290$5,759$4,506$3,495$2,691$2,325
23 years$6,899$5,387$4,160$3,183$2,416$2,070
24 years$6,542$5,047$3,848$2,903$2,172$1,845
25 years$6,213$4,736$3,564$2,651$1,954$1,647
26 years$5,911$4,451$3,305$2,424$1,760$1,471
27 years$5,631$4,189$3,069$2,219$1,587$1,315
28 years$5,371$3,947$2,853$2,033$1,432$1,176
29 years$5,130$3,724$2,655$1,864$1,293$1,053
30 years$4,906$3,517$2,473$1,711$1,168$943
31 years$4,696$3,325$2,306$1,571$1,056$845
32 years$4,500$3,146$2,151$1,444$955$757
33 years$4,316$2,979$2,008$1,328$865$679
34 years$4,143$2,823$1,877$1,222$783$610
35 years$3,981$2,678$1,755$1,125$709$547
36 years$3,828$2,542$1,641$1,036$642$491
37 years$3,683$2,414$1,536$954$582$441
38 years$3,547$2,294$1,439$880$528$396
39 years$3,417$2,182$1,348$811$479$356
40 years$3,295$2,076$1,263$748$434$320
41 years$3,179$1,976$1,185$690$394$287
42 years$3,068$1,882$1,111$637$357$258
43 years$2,963$1,793$1,043$588$324$232
44 years$2,863$1,709$979$543$294$209
45 years$2,768$1,630$919$501$267$188
46 years$2,677$1,555$863$463$243$169
47 years$2,591$1,484$811$428$220$152
48 years$2,508$1,416$762$395$200$137
49 years$2,429$1,353$716$365$182$123
50 years$2,353$1,292$673$338$165$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,410,000, adding $5,870 every year, while hoping to spend $28,323 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: 65/9/26 Blend
67$2,410,000$2,410,000$2,410,000$2,410,000
68$2,661,875$2,534,145$2,496,790$2,816,381
69$2,903,251$2,628,183$2,550,297$3,015,409
70$3,168,298$2,725,879$2,604,647$3,229,165
71$3,459,400$2,827,383$2,659,839$3,462,173
72$3,779,185$2,932,851$2,715,870$3,716,329
73$4,130,546$3,042,445$2,772,736$3,993,719
74$4,516,671$3,156,334$2,830,432$4,296,641
75$4,941,073$3,274,696$2,888,952$4,627,628
76$5,407,620$3,397,714$2,948,290$4,989,465
77$5,920,576$3,525,580$3,008,436$5,385,223
78$6,484,636$3,658,495$3,069,380$5,818,280
79$7,104,976$3,796,668$3,131,111$6,292,362
80$7,787,296$3,940,317$3,193,616$6,811,568
81$8,537,877$4,089,670$3,256,879$7,380,415
82$9,363,640$4,244,963$3,320,885$8,003,879
83$10,272,211$4,406,446$3,385,613$8,687,440
84$11,271,990$4,574,375$3,451,045$9,437,135
85$12,372,235$4,749,022$3,517,158$10,259,614
86$13,583,146$4,930,667$3,583,925$11,162,204
87$14,915,962$5,119,605$3,651,322$12,152,975
88$16,383,066$5,316,141$3,719,317$13,240,819
89$17,998,103$5,520,597$3,787,879$14,435,532
90$19,776,110$5,733,305$3,856,972$15,747,906
91$21,733,651$5,954,616$3,926,559$17,189,831
92$23,888,985$6,184,893$3,996,600$18,774,406
93$26,262,225$6,424,516$4,067,049$20,516,065
94$28,875,537$6,673,883$4,137,861$22,430,710
95$31,753,345$6,933,407$4,208,983$24,535,861
96$34,922,565$7,203,522$4,280,362$26,850,823
97$38,412,851$7,484,679$4,351,939$29,396,867
98$42,256,885$7,777,351$4,423,651$32,197,429
99$46,490,676$8,082,031$4,495,433$35,278,332
100$51,153,907$8,399,233$4,567,212$38,668,031