Can I retire at age 68 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$204,796$202,972$201,192$199,455$197,759$192,509
2 years$101,384$99,496$97,666$95,892$94,171$88,919
3 years$66,918$65,022$63,196$61,439$59,746$54,656
4 years$49,688$47,798$45,991$44,263$42,611$37,722
5 years$39,353$37,474$35,691$33,998$32,392$27,717
6 years$32,465$30,600$28,843$27,189$25,631$21,175
7 years$27,548$25,698$23,969$22,353$20,845$16,608
8 years$23,861$22,028$20,328$18,752$17,293$13,273
9 years$20,995$19,179$17,508$15,972$14,563$10,756
10 years$18,703$16,906$15,264$13,768$12,408$8,810
11 years$16,830$15,050$13,438$11,983$10,672$7,277
12 years$15,270$13,508$11,926$10,510$9,248$6,050
13 years$13,950$12,207$10,655$9,279$8,064$5,057
14 years$12,821$11,096$9,574$8,237$7,069$4,245
15 years$11,842$10,137$8,644$7,346$6,224$3,576
16 years$10,987$9,300$7,837$6,577$5,501$3,021
17 years$10,234$8,565$7,131$5,910$4,878$2,559
18 years$9,564$7,915$6,510$5,326$4,337$2,172
19 years$8,966$7,335$5,959$4,812$3,866$1,846
20 years$8,429$6,816$5,469$4,359$3,453$1,572
21 years$7,943$6,349$5,031$3,956$3,090$1,340
22 years$7,502$5,927$4,637$3,597$2,770$1,143
23 years$7,100$5,543$4,281$3,275$2,486$976
24 years$6,732$5,193$3,959$2,987$2,235$834
25 years$6,394$4,874$3,667$2,728$2,011$714
26 years$6,082$4,581$3,401$2,495$1,811$611
27 years$5,794$4,311$3,158$2,283$1,633$523
28 years$5,527$4,062$2,936$2,092$1,474$448
29 years$5,279$3,832$2,732$1,918$1,331$383
30 years$5,048$3,619$2,545$1,761$1,202$329
31 years$4,832$3,421$2,373$1,617$1,087$282
32 years$4,631$3,237$2,214$1,486$983$241
33 years$4,441$3,066$2,067$1,367$890$207
34 years$4,264$2,905$1,931$1,257$806$178
35 years$4,096$2,756$1,805$1,157$730$152
36 years$3,939$2,616$1,689$1,066$661$131
37 years$3,790$2,484$1,581$982$599$112
38 years$3,650$2,361$1,480$905$543$96
39 years$3,517$2,245$1,387$835$493$82
40 years$3,391$2,136$1,300$770$447$71
41 years$3,271$2,033$1,219$710$405$61
42 years$3,157$1,936$1,143$656$368$52
43 years$3,049$1,845$1,073$605$334$45
44 years$2,947$1,759$1,007$559$303$38
45 years$2,849$1,677$946$516$275$33
46 years$2,755$1,600$888$477$250$28
47 years$2,666$1,527$834$440$227$24
48 years$2,581$1,457$784$407$206$21
49 years$2,499$1,392$737$376$187$18
50 years$2,421$1,330$693$348$170$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,480,000, adding $2,711 every year, while hoping to spend $50,291 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: 45/35/20 Blend
67$2,480,000$2,480,000$2,480,000$2,480,000
68$2,735,756$2,604,316$2,565,876$2,843,008
69$2,961,294$2,678,419$2,598,324$2,992,693
70$3,208,152$2,754,466$2,630,173$3,149,731
71$3,478,450$2,832,502$2,661,350$3,318,988
72$3,774,525$2,912,568$2,691,779$3,501,623
73$4,098,949$2,994,707$2,721,377$3,698,909
74$4,454,557$3,078,962$2,750,058$3,912,251
75$4,844,469$3,165,379$2,777,732$4,143,194
76$5,272,122$3,253,999$2,804,302$4,393,437
77$5,741,300$3,344,867$2,829,669$4,664,855
78$6,256,175$3,438,028$2,853,725$4,959,508
79$6,821,339$3,533,525$2,876,359$5,279,668
80$7,441,851$3,631,403$2,897,452$5,627,837
81$8,123,284$3,731,706$2,916,881$6,006,767
82$8,871,779$3,834,479$2,934,516$6,419,494
83$9,694,097$3,939,765$2,950,219$6,869,359
84$10,597,689$4,047,608$2,963,846$7,360,043
85$11,590,764$4,158,052$2,975,245$7,895,602
86$12,682,364$4,271,138$2,984,258$8,480,502
87$13,882,451$4,386,910$2,990,717$9,119,666
88$15,202,002$4,505,410$2,994,447$9,818,514
89$16,653,108$4,626,677$2,995,263$10,583,022
90$18,249,094$4,750,752$2,992,972$11,419,770
91$20,004,636$4,877,674$2,987,372$12,336,011
92$21,935,910$5,007,481$2,978,250$13,339,735
93$24,060,733$5,140,208$2,965,382$14,439,746
94$26,398,740$5,275,891$2,948,534$15,645,745
95$28,971,564$5,414,562$2,927,463$16,968,421
96$31,803,041$5,556,253$2,901,910$18,419,554
97$34,919,435$5,700,992$2,871,607$20,012,122
98$38,349,683$5,848,807$2,836,273$21,760,430
99$42,125,674$5,999,722$2,795,611$23,680,236
100$46,282,542$6,153,758$2,749,313$25,788,910