Can I retire at age 68 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$200,667$198,880$197,136$195,434$193,772$189,318
2 years$99,340$97,490$95,697$93,958$92,272$87,810
3 years$65,569$63,711$61,922$60,200$58,541$54,210
4 years$48,687$46,834$45,064$43,371$41,752$37,584
5 years$38,560$36,719$34,971$33,313$31,739$27,747
6 years$31,811$29,983$28,262$26,641$25,114$21,302
7 years$26,992$25,180$23,486$21,903$20,425$16,793
8 years$23,380$21,584$19,918$18,374$16,944$13,491
9 years$20,571$18,793$17,155$15,650$14,269$10,993
10 years$18,326$16,565$14,956$13,491$12,158$9,055
11 years$16,490$14,747$13,167$11,741$10,457$7,522
12 years$14,962$13,236$11,686$10,298$9,061$6,290
13 years$13,669$11,961$10,440$9,092$7,902$5,290
14 years$12,562$10,873$9,381$8,071$6,927$4,468
15 years$11,604$9,932$8,469$7,198$6,099$3,787
16 years$10,766$9,113$7,679$6,445$5,390$3,221
17 years$10,027$8,392$6,987$5,791$4,779$2,746
18 years$9,372$7,755$6,379$5,218$4,249$2,346
19 years$8,786$7,187$5,839$4,715$3,788$2,008
20 years$8,259$6,679$5,359$4,271$3,383$1,721
21 years$7,783$6,221$4,929$3,876$3,028$1,477
22 years$7,351$5,807$4,543$3,524$2,714$1,269
23 years$6,957$5,431$4,195$3,209$2,436$1,092
24 years$6,596$5,089$3,879$2,927$2,190$940
25 years$6,265$4,775$3,593$2,673$1,970$809
26 years$5,960$4,488$3,332$2,444$1,775$698
27 years$5,677$4,224$3,094$2,237$1,600$601
28 years$5,416$3,980$2,877$2,050$1,444$519
29 years$5,173$3,755$2,677$1,880$1,304$448
30 years$4,946$3,546$2,494$1,725$1,178$387
31 years$4,735$3,352$2,325$1,584$1,065$334
32 years$4,537$3,172$2,169$1,456$963$288
33 years$4,352$3,004$2,025$1,339$872$249
34 years$4,178$2,847$1,892$1,232$789$215
35 years$4,014$2,700$1,769$1,134$715$186
36 years$3,859$2,563$1,655$1,045$648$161
37 years$3,714$2,434$1,549$962$587$139
38 years$3,576$2,313$1,451$887$532$120
39 years$3,446$2,200$1,359$818$483$104
40 years$3,322$2,093$1,274$754$438$90
41 years$3,205$1,992$1,194$696$397$78
42 years$3,094$1,897$1,120$642$360$67
43 years$2,988$1,808$1,051$593$327$58
44 years$2,887$1,723$987$548$297$50
45 years$2,791$1,643$927$506$270$43
46 years$2,700$1,568$870$467$245$38
47 years$2,612$1,496$818$432$222$32
48 years$2,529$1,428$768$399$202$28
49 years$2,449$1,364$722$369$183$24
50 years$2,373$1,303$679$341$166$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,430,000, adding $3,831 every year, while hoping to spend $53,289 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: 23/47/30 Blend
67$2,430,000$2,430,000$2,430,000$2,430,000
68$2,681,812$2,553,022$2,515,357$2,718,111
69$2,898,657$2,621,421$2,542,922$2,818,771
70$3,135,835$2,691,385$2,569,625$2,921,761
71$3,395,363$2,762,936$2,595,380$3,030,907
72$3,679,462$2,836,092$2,620,097$3,146,754
73$3,990,580$2,910,872$2,643,683$3,269,903
74$4,331,409$2,987,295$2,666,036$3,401,013
75$4,704,917$3,065,377$2,687,053$3,540,814
76$5,114,372$3,145,134$2,706,623$3,690,106
77$5,563,373$3,226,580$2,724,629$3,849,773
78$6,055,882$3,309,728$2,740,949$4,020,788
79$6,596,266$3,394,589$2,755,455$4,204,224
80$7,189,334$3,481,172$2,768,012$4,401,262
81$7,840,382$3,569,486$2,778,477$4,613,205
82$8,555,247$3,659,536$2,786,701$4,841,488
83$9,340,354$3,751,326$2,792,528$5,087,694
84$10,202,786$3,844,856$2,795,793$5,353,568
85$11,150,341$3,940,125$2,796,323$5,641,031
86$12,191,613$4,037,129$2,793,937$5,952,204
87$13,336,070$4,135,860$2,788,446$6,289,424
88$14,594,139$4,236,308$2,779,649$6,655,267
89$15,977,312$4,338,458$2,767,339$7,052,574
90$17,498,248$4,442,292$2,751,294$7,484,477
91$19,170,894$4,547,789$2,731,287$7,954,429
92$21,010,615$4,654,921$2,707,076$8,466,237
93$23,034,344$4,763,658$2,678,408$9,024,100
94$25,260,733$4,873,963$2,645,021$9,632,645
95$27,710,336$4,985,795$2,606,638$10,296,977
96$30,405,798$5,099,107$2,562,968$11,022,721
97$33,372,071$5,213,845$2,513,709$11,816,082
98$36,636,648$5,329,949$2,458,543$12,683,901
99$40,229,821$5,447,351$2,397,140$13,633,720
100$44,184,969$5,565,978$2,329,150$14,673,854