Can I retire at age 68 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$202,319$200,517$198,758$197,042$195,366$191,893
2 years$100,158$98,292$96,485$94,732$93,032$89,544
3 years$66,109$64,235$62,432$60,696$59,023$55,630
4 years$49,087$47,220$45,434$43,728$42,096$38,823
5 years$38,877$37,021$35,259$33,587$32,001$28,858
6 years$32,073$30,230$28,495$26,860$25,321$22,312
7 years$27,214$25,387$23,679$22,083$20,593$17,718
8 years$23,572$21,762$20,082$18,525$17,084$14,343
9 years$20,741$18,947$17,296$15,779$14,387$11,778
10 years$18,477$16,701$15,079$13,602$12,258$9,779
11 years$16,626$14,868$13,276$11,838$10,543$8,191
12 years$15,085$13,345$11,782$10,383$9,136$6,908
13 years$13,782$12,060$10,526$9,167$7,967$5,859
14 years$12,666$10,962$9,458$8,137$6,984$4,993
15 years$11,699$10,014$8,539$7,257$6,149$4,271
16 years$10,854$9,188$7,742$6,498$5,434$3,665
17 years$10,110$8,462$7,045$5,838$4,819$3,154
18 years$9,449$7,819$6,431$5,261$4,284$2,720
19 years$8,858$7,246$5,887$4,754$3,819$2,351
20 years$8,327$6,734$5,403$4,306$3,411$2,035
21 years$7,847$6,272$4,970$3,908$3,052$1,764
22 years$7,411$5,855$4,580$3,553$2,736$1,531
23 years$7,014$5,476$4,229$3,236$2,456$1,330
24 years$6,650$5,131$3,911$2,951$2,208$1,157
25 years$6,316$4,815$3,623$2,695$1,987$1,007
26 years$6,009$4,525$3,360$2,464$1,789$877
27 years$5,724$4,259$3,120$2,256$1,613$764
28 years$5,461$4,013$2,900$2,067$1,456$666
29 years$5,215$3,786$2,699$1,895$1,314$581
30 years$4,987$3,575$2,514$1,739$1,188$507
31 years$4,774$3,380$2,344$1,597$1,074$442
32 years$4,575$3,198$2,187$1,468$971$386
33 years$4,388$3,029$2,042$1,350$879$337
34 years$4,212$2,870$1,908$1,242$796$295
35 years$4,047$2,722$1,784$1,143$721$258
36 years$3,891$2,584$1,669$1,053$653$225
37 years$3,744$2,454$1,562$970$592$197
38 years$3,605$2,332$1,462$894$537$172
39 years$3,474$2,218$1,370$825$487$150
40 years$3,350$2,110$1,284$761$441$131
41 years$3,231$2,009$1,204$702$400$115
42 years$3,119$1,913$1,130$648$363$100
43 years$3,013$1,823$1,060$598$330$88
44 years$2,911$1,737$995$552$299$77
45 years$2,814$1,657$934$510$272$67
46 years$2,722$1,580$877$471$247$59
47 years$2,634$1,508$824$435$224$51
48 years$2,550$1,440$775$402$203$45
49 years$2,469$1,375$728$372$185$39
50 years$2,392$1,313$685$343$168$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,450,000, adding $6,727 every year, while hoping to spend $20,847 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: 77/10/13 Blend
67$2,450,000$2,450,000$2,450,000$2,450,000
68$2,706,839$2,576,989$2,539,014$2,907,707
69$2,960,755$2,681,080$2,601,890$3,145,089
70$3,239,873$2,789,573$2,666,173$3,402,010
71$3,546,739$2,902,662$2,731,890$3,683,154
72$3,884,163$3,020,549$2,799,064$3,990,929
73$4,255,237$3,143,445$2,867,722$4,327,983
74$4,663,369$3,271,572$2,937,889$4,697,237
75$5,112,315$3,405,161$3,009,591$5,101,905
76$5,606,212$3,544,455$3,082,853$5,545,525
77$6,149,618$3,689,706$3,157,701$6,031,996
78$6,747,557$3,841,179$3,234,161$6,565,612
79$7,405,561$3,999,150$3,312,259$7,151,100
80$8,129,729$4,163,909$3,392,021$7,793,669
81$8,926,780$4,335,759$3,473,471$8,499,054
82$9,804,115$4,515,015$3,556,637$9,273,576
83$10,769,894$4,702,010$3,641,543$10,124,192
84$11,833,103$4,897,088$3,728,215$11,058,571
85$13,003,647$5,100,613$3,816,677$12,085,157
86$14,292,439$5,312,963$3,906,956$13,213,254
87$15,711,503$5,534,534$3,999,075$14,453,111
88$17,274,092$5,765,741$4,093,059$15,816,017
89$18,994,805$6,007,018$4,188,932$17,314,413
90$20,889,731$6,258,818$4,286,717$18,961,999
91$22,976,599$6,521,616$4,386,438$20,773,874
92$25,274,946$6,795,909$4,488,118$22,766,669
93$27,806,299$7,082,217$4,591,778$24,958,709
94$30,594,378$7,381,082$4,697,439$27,370,182
95$33,665,325$7,693,075$4,805,123$30,023,332
96$37,047,943$8,018,791$4,914,850$32,942,667
97$40,773,974$8,358,853$5,026,638$36,155,186
98$44,878,395$8,713,912$5,140,507$39,690,643
99$49,399,750$9,084,652$5,256,472$43,581,815
100$54,380,511$9,471,787$5,374,550$47,864,820