Can I retire at age 68 with 2,460,000?

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 $2,460,000?

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$203,145$201,335$199,570$197,846$196,164$191,655
2 years$100,567$98,694$96,878$95,118$93,411$88,894
3 years$66,378$64,497$62,687$60,943$59,264$54,879
4 years$49,288$47,412$45,620$43,906$42,268$38,048
5 years$39,036$37,172$35,403$33,724$32,131$28,090
6 years$32,204$30,354$28,611$26,970$25,424$21,565
7 years$27,325$25,491$23,776$22,173$20,677$17,000
8 years$23,668$21,850$20,164$18,600$17,153$13,658
9 years$20,825$19,025$17,367$15,843$14,446$11,129
10 years$18,552$16,769$15,141$13,657$12,308$9,167
11 years$16,694$14,929$13,330$11,886$10,586$7,615
12 years$15,146$13,399$11,830$10,426$9,173$6,368
13 years$13,838$12,109$10,569$9,204$7,999$5,355
14 years$12,717$11,007$9,496$8,170$7,012$4,523
15 years$11,747$10,055$8,574$7,287$6,174$3,834
16 years$10,899$9,225$7,774$6,524$5,457$3,260
17 years$10,151$8,496$7,074$5,862$4,838$2,780
18 years$9,487$7,851$6,457$5,283$4,302$2,375
19 years$8,894$7,276$5,911$4,774$3,834$2,032
20 years$8,361$6,761$5,425$4,323$3,425$1,742
21 years$7,879$6,298$4,990$3,924$3,065$1,495
22 years$7,441$5,879$4,599$3,568$2,747$1,285
23 years$7,043$5,498$4,247$3,249$2,466$1,105
24 years$6,678$5,152$3,927$2,963$2,217$951
25 years$6,342$4,834$3,637$2,706$1,995$819
26 years$6,033$4,544$3,374$2,474$1,797$706
27 years$5,748$4,276$3,133$2,265$1,620$609
28 years$5,483$4,029$2,912$2,075$1,462$525
29 years$5,237$3,801$2,710$1,903$1,320$453
30 years$5,007$3,590$2,524$1,746$1,193$391
31 years$4,793$3,394$2,353$1,604$1,078$338
32 years$4,593$3,211$2,196$1,474$975$292
33 years$4,405$3,041$2,050$1,356$883$252
34 years$4,229$2,882$1,916$1,247$799$218
35 years$4,063$2,734$1,791$1,148$724$188
36 years$3,907$2,595$1,675$1,057$656$163
37 years$3,760$2,464$1,568$974$594$141
38 years$3,620$2,342$1,468$898$539$122
39 years$3,488$2,227$1,376$828$489$105
40 years$3,363$2,119$1,290$764$443$91
41 years$3,245$2,017$1,209$705$402$79
42 years$3,132$1,921$1,134$650$365$68
43 years$3,025$1,830$1,064$600$331$59
44 years$2,923$1,744$999$554$301$51
45 years$2,826$1,664$938$512$273$44
46 years$2,733$1,587$881$473$248$38
47 years$2,645$1,514$828$437$225$33
48 years$2,560$1,446$778$404$204$28
49 years$2,479$1,381$731$373$186$25
50 years$2,402$1,319$687$345$169$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,460,000, adding $3,494 every year, while hoping to spend $34,534 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: 48/23/29 Blend
67$2,460,000$2,460,000$2,460,000$2,460,000
68$2,714,524$2,584,144$2,546,014$2,822,178
69$2,954,662$2,674,023$2,594,562$2,988,258
70$3,218,136$2,767,149$2,643,578$3,164,866
71$3,507,290$2,863,644$2,693,043$3,356,008
72$3,824,707$2,963,636$2,742,933$3,563,072
73$4,173,230$3,067,257$2,793,224$3,787,590
74$4,555,993$3,174,645$2,843,890$4,031,242
75$4,976,445$3,285,944$2,894,901$4,295,881
76$5,438,389$3,401,302$2,946,227$4,583,544
77$5,946,014$3,520,875$2,997,835$4,896,475
78$6,503,933$3,644,823$3,049,688$5,237,141
79$7,117,229$3,773,315$3,101,748$5,608,262
80$7,791,504$3,906,524$3,153,973$6,012,829
81$8,532,926$4,044,633$3,206,321$6,454,136
82$9,348,294$4,187,830$3,258,742$6,935,812
83$10,245,098$4,336,311$3,311,188$7,461,849
84$11,231,589$4,490,281$3,363,603$8,036,646
85$12,316,859$4,649,953$3,415,932$8,665,047
86$13,510,925$4,815,547$3,468,112$9,352,385
87$14,824,825$4,987,295$3,520,080$10,104,536
88$16,270,720$5,165,435$3,571,765$10,927,969
89$17,862,010$5,350,218$3,623,096$11,829,811
90$19,613,459$5,541,903$3,673,994$12,817,911
91$21,541,337$5,740,761$3,724,377$13,900,915
92$23,663,567$5,947,073$3,774,158$15,088,347
93$25,999,904$6,161,132$3,823,245$16,390,699
94$28,572,110$6,383,243$3,871,539$17,819,527
95$31,404,168$6,613,725$3,918,939$19,387,563
96$34,522,503$6,852,908$3,965,334$21,108,832
97$37,956,235$7,101,136$4,010,609$22,998,785
98$41,737,449$7,358,770$4,054,642$25,074,446
99$45,901,501$7,626,183$4,097,306$27,354,568
100$50,487,353$7,903,764$4,138,463$29,859,813