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%19.4%
1 years$203,145$201,335$199,570$197,846$196,164$188,754
2 years$100,567$98,694$96,878$95,118$93,411$86,032
3 years$66,378$64,497$62,687$60,943$59,264$52,147
4 years$49,288$47,412$45,620$43,906$42,268$35,468
5 years$39,036$37,172$35,403$33,724$32,131$25,666
6 years$32,204$30,354$28,611$26,970$25,424$19,298
7 years$27,325$25,491$23,776$22,173$20,677$14,888
8 years$23,668$21,850$20,164$18,600$17,153$11,696
9 years$20,825$19,025$17,367$15,843$14,446$9,312
10 years$18,552$16,769$15,141$13,657$12,308$7,490
11 years$16,694$14,929$13,330$11,886$10,586$6,071
12 years$15,146$13,399$11,830$10,426$9,173$4,951
13 years$13,838$12,109$10,569$9,204$7,999$4,058
14 years$12,717$11,007$9,496$8,170$7,012$3,338
15 years$11,747$10,055$8,574$7,287$6,174$2,755
16 years$10,899$9,225$7,774$6,524$5,457$2,280
17 years$10,151$8,496$7,074$5,862$4,838$1,890
18 years$9,487$7,851$6,457$5,283$4,302$1,570
19 years$8,894$7,276$5,911$4,774$3,834$1,306
20 years$8,361$6,761$5,425$4,323$3,425$1,087
21 years$7,879$6,298$4,990$3,924$3,065$906
22 years$7,441$5,879$4,599$3,568$2,747$756
23 years$7,043$5,498$4,247$3,249$2,466$631
24 years$6,678$5,152$3,927$2,963$2,217$527
25 years$6,342$4,834$3,637$2,706$1,995$440
26 years$6,033$4,544$3,374$2,474$1,797$368
27 years$5,748$4,276$3,133$2,265$1,620$308
28 years$5,483$4,029$2,912$2,075$1,462$257
29 years$5,237$3,801$2,710$1,903$1,320$215
30 years$5,007$3,590$2,524$1,746$1,193$180
31 years$4,793$3,394$2,353$1,604$1,078$151
32 years$4,593$3,211$2,196$1,474$975$126
33 years$4,405$3,041$2,050$1,356$883$106
34 years$4,229$2,882$1,916$1,247$799$88
35 years$4,063$2,734$1,791$1,148$724$74
36 years$3,907$2,595$1,675$1,057$656$62
37 years$3,760$2,464$1,568$974$594$52
38 years$3,620$2,342$1,468$898$539$43
39 years$3,488$2,227$1,376$828$489$36
40 years$3,363$2,119$1,290$764$443$30
41 years$3,245$2,017$1,209$705$402$26
42 years$3,132$1,921$1,134$650$365$21
43 years$3,025$1,830$1,064$600$331$18
44 years$2,923$1,744$999$554$301$15
45 years$2,826$1,664$938$512$273$13
46 years$2,733$1,587$881$473$248$11
47 years$2,645$1,514$828$437$225$9
48 years$2,560$1,446$778$404$204$7
49 years$2,479$1,381$731$373$186$6
50 years$2,402$1,319$687$345$169$5

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 $3,410 every year, while hoping to spend $30,514 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: 67/13/20 Blend
67$2,460,000$2,460,000$2,460,000$2,460,000
68$2,714,437$2,584,057$2,545,927$2,882,522
69$2,958,843$2,678,210$2,598,749$3,089,664
70$3,227,156$2,775,952$2,652,318$3,312,256
71$3,521,782$2,877,430$2,706,626$3,554,939
72$3,845,371$2,982,792$2,761,666$3,819,692
73$4,200,844$3,092,193$2,817,427$4,108,688
74$4,591,417$3,205,798$2,873,898$4,424,323
75$5,020,635$3,323,776$2,931,067$4,769,234
76$5,492,401$3,446,302$2,988,919$5,146,325
77$6,011,017$3,573,561$3,047,438$5,558,794
78$6,581,220$3,705,746$3,106,607$6,010,161
79$7,208,233$3,843,055$3,166,407$6,504,304
80$7,897,806$3,985,698$3,226,815$7,045,496
81$8,656,277$4,133,892$3,287,808$7,638,439
82$9,490,628$4,287,864$3,349,360$8,288,315
83$10,408,553$4,447,850$3,411,444$9,000,830
84$11,418,527$4,614,096$3,474,030$9,782,270
85$12,529,890$4,786,860$3,537,083$10,639,559
86$13,752,932$4,966,410$3,600,568$11,580,325
87$15,098,992$5,153,024$3,664,448$12,612,968
88$16,580,562$5,346,996$3,728,681$13,746,745
89$18,211,410$5,548,629$3,793,221$14,991,852
90$20,006,702$5,758,240$3,858,022$16,359,522
91$21,983,152$5,976,160$3,923,033$17,862,129
92$24,159,177$6,202,735$3,988,198$19,513,308
93$26,555,069$6,438,325$4,053,458$21,328,078
94$29,193,189$6,683,307$4,118,753$23,322,987
95$32,098,177$6,938,072$4,184,014$25,516,268
96$35,297,183$7,203,029$4,249,170$27,928,009
97$38,820,125$7,478,607$4,314,147$30,580,342
98$42,699,970$7,765,251$4,378,863$33,497,651
99$46,973,046$8,063,426$4,443,233$36,706,806
100$51,679,381$8,373,619$4,507,166$40,237,409