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%11.9%
1 years$202,319$200,517$198,758$197,042$195,366$193,810
2 years$100,158$98,292$96,485$94,732$93,032$91,463
3 years$66,109$64,235$62,432$60,696$59,023$57,491
4 years$49,087$47,220$45,434$43,728$42,096$40,611
5 years$38,877$37,021$35,259$33,587$32,001$30,568
6 years$32,073$30,230$28,495$26,860$25,321$23,943
7 years$27,214$25,387$23,679$22,083$20,593$19,269
8 years$23,572$21,762$20,082$18,525$17,084$15,815
9 years$20,741$18,947$17,296$15,779$14,387$13,173
10 years$18,477$16,701$15,079$13,602$12,258$11,098
11 years$16,626$14,868$13,276$11,838$10,543$9,435
12 years$15,085$13,345$11,782$10,383$9,136$8,080
13 years$13,782$12,060$10,526$9,167$7,967$6,961
14 years$12,666$10,962$9,458$8,137$6,984$6,027
15 years$11,699$10,014$8,539$7,257$6,149$5,241
16 years$10,854$9,188$7,742$6,498$5,434$4,573
17 years$10,110$8,462$7,045$5,838$4,819$4,002
18 years$9,449$7,819$6,431$5,261$4,284$3,512
19 years$8,858$7,246$5,887$4,754$3,819$3,088
20 years$8,327$6,734$5,403$4,306$3,411$2,721
21 years$7,847$6,272$4,970$3,908$3,052$2,402
22 years$7,411$5,855$4,580$3,553$2,736$2,123
23 years$7,014$5,476$4,229$3,236$2,456$1,879
24 years$6,650$5,131$3,911$2,951$2,208$1,664
25 years$6,316$4,815$3,623$2,695$1,987$1,476
26 years$6,009$4,525$3,360$2,464$1,789$1,310
27 years$5,724$4,259$3,120$2,256$1,613$1,164
28 years$5,461$4,013$2,900$2,067$1,456$1,035
29 years$5,215$3,786$2,699$1,895$1,314$920
30 years$4,987$3,575$2,514$1,739$1,188$819
31 years$4,774$3,380$2,344$1,597$1,074$729
32 years$4,575$3,198$2,187$1,468$971$649
33 years$4,388$3,029$2,042$1,350$879$578
34 years$4,212$2,870$1,908$1,242$796$516
35 years$4,047$2,722$1,784$1,143$721$460
36 years$3,891$2,584$1,669$1,053$653$410
37 years$3,744$2,454$1,562$970$592$366
38 years$3,605$2,332$1,462$894$537$326
39 years$3,474$2,218$1,370$825$487$291
40 years$3,350$2,110$1,284$761$441$260
41 years$3,231$2,009$1,204$702$400$232
42 years$3,119$1,913$1,130$648$363$207
43 years$3,013$1,823$1,060$598$330$185
44 years$2,911$1,737$995$552$299$165
45 years$2,814$1,657$934$510$272$147
46 years$2,722$1,580$877$471$247$132
47 years$2,634$1,508$824$435$224$118
48 years$2,550$1,440$775$402$203$105
49 years$2,469$1,375$728$372$185$94
50 years$2,392$1,313$685$343$168$84

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 $2,167 every year, while hoping to spend $30,155 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: 73/13/14 Blend
67$2,450,000$2,450,000$2,450,000$2,450,000
68$2,702,135$2,572,285$2,534,310$2,891,040
69$2,945,668$2,666,243$2,587,125$3,110,343
70$3,213,031$2,763,793$2,640,698$3,346,566
71$3,506,623$2,865,081$2,695,024$3,604,511
72$3,829,085$2,970,257$2,750,094$3,886,322
73$4,183,329$3,079,477$2,805,900$4,194,361
74$4,572,562$3,192,905$2,862,431$4,531,229
75$5,000,317$3,310,710$2,919,675$4,899,789
76$5,470,485$3,433,071$2,977,620$5,303,195
77$5,987,354$3,560,172$3,036,251$5,744,919
78$6,555,649$3,692,205$3,095,550$6,228,786
79$7,180,574$3,829,372$3,155,500$6,759,007
80$7,867,864$3,971,882$3,216,080$7,340,221
81$8,623,835$4,119,953$3,277,267$7,977,537
82$9,455,449$4,273,813$3,339,038$8,676,582
83$10,370,374$4,433,700$3,401,366$9,443,555
84$11,377,063$4,599,862$3,464,222$10,285,282
85$12,484,824$4,772,555$3,527,574$11,209,286
86$13,703,916$4,952,051$3,591,389$12,223,850
87$15,045,644$5,138,630$3,655,628$13,338,102
88$16,522,462$5,332,585$3,720,254$14,562,094
89$18,148,093$5,534,222$3,785,223$15,906,902
90$19,937,659$5,743,859$3,850,488$17,384,729
91$21,907,823$5,961,831$3,916,002$19,009,017
92$24,076,943$6,188,483$3,981,711$20,794,575
93$26,465,252$6,424,179$4,047,558$22,757,719
94$29,095,040$6,669,297$4,113,484$24,916,426
95$31,990,872$6,924,230$4,179,424$27,290,501
96$35,179,816$7,189,392$4,245,310$29,901,765
97$38,691,697$7,465,212$4,311,067$32,774,261
98$42,559,381$7,752,139$4,376,619$35,934,477
99$46,819,085$8,050,640$4,441,883$39,411,600
100$51,510,716$8,361,206$4,506,770$43,237,789