Can I retire at age 68 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$205,622$203,790$202,003$200,259$198,556$194,388
2 years$101,793$99,897$98,060$96,278$94,551$90,371
3 years$67,188$65,284$63,451$61,687$59,987$55,926
4 years$49,889$47,991$46,176$44,442$42,783$38,873
5 years$39,512$37,625$35,835$34,135$32,523$28,774
6 years$32,596$30,724$28,960$27,298$25,734$22,150
7 years$27,659$25,802$24,066$22,444$20,929$17,511
8 years$23,957$22,117$20,410$18,827$17,363$14,109
9 years$21,079$19,257$17,579$16,037$14,622$11,531
10 years$18,779$16,974$15,326$13,824$12,458$9,527
11 years$16,898$15,111$13,492$12,031$10,715$7,939
12 years$15,331$13,563$11,974$10,553$9,285$6,661
13 years$14,007$12,257$10,698$9,316$8,097$5,620
14 years$12,872$11,141$9,612$8,270$7,098$4,763
15 years$11,890$10,178$8,679$7,375$6,249$4,052
16 years$11,032$9,338$7,868$6,604$5,523$3,458
17 years$10,275$8,600$7,160$5,934$4,897$2,958
18 years$9,603$7,946$6,536$5,347$4,354$2,537
19 years$9,002$7,365$5,984$4,832$3,881$2,179
20 years$8,463$6,844$5,491$4,376$3,467$1,875
21 years$7,975$6,375$5,051$3,972$3,102$1,616
22 years$7,532$5,950$4,655$3,611$2,781$1,394
23 years$7,129$5,565$4,298$3,289$2,496$1,203
24 years$6,759$5,214$3,975$2,999$2,244$1,040
25 years$6,420$4,893$3,682$2,739$2,019$899
26 years$6,107$4,599$3,415$2,505$1,819$778
27 years$5,818$4,328$3,171$2,293$1,640$674
28 years$5,550$4,078$2,948$2,100$1,479$584
29 years$5,301$3,848$2,743$1,926$1,336$506
30 years$5,069$3,634$2,555$1,768$1,207$438
31 years$4,852$3,435$2,382$1,624$1,091$380
32 years$4,649$3,250$2,223$1,492$987$330
33 years$4,459$3,078$2,075$1,372$893$286
34 years$4,281$2,917$1,939$1,262$809$248
35 years$4,113$2,767$1,813$1,162$733$215
36 years$3,955$2,626$1,696$1,070$664$187
37 years$3,805$2,494$1,587$986$602$162
38 years$3,664$2,370$1,486$909$545$141
39 years$3,531$2,254$1,393$838$495$122
40 years$3,404$2,145$1,305$773$449$106
41 years$3,284$2,041$1,224$713$407$92
42 years$3,170$1,944$1,148$658$369$80
43 years$3,062$1,852$1,077$608$335$70
44 years$2,958$1,766$1,011$561$304$60
45 years$2,860$1,684$950$518$276$52
46 years$2,766$1,606$892$479$251$46
47 years$2,677$1,533$838$442$228$40
48 years$2,591$1,463$787$409$207$34
49 years$2,509$1,397$740$378$188$30
50 years$2,431$1,335$696$349$171$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,490,000, adding $3,964 every year, while hoping to spend $47,469 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: 65/10/25 Blend
67$2,490,000$2,490,000$2,490,000$2,490,000
68$2,748,069$2,616,099$2,577,504$2,908,508
69$2,977,865$2,693,781$2,613,344$3,094,864
70$3,229,510$2,773,679$2,648,793$3,292,784
71$3,505,181$2,855,850$2,683,789$3,508,040
72$3,807,278$2,940,356$2,718,264$3,742,339
73$4,138,443$3,027,255$2,752,149$3,997,562
74$4,501,586$3,116,612$2,785,367$4,275,781
75$4,899,911$3,208,490$2,817,840$4,579,277
76$5,336,949$3,302,953$2,849,485$4,910,566
77$5,816,588$3,400,068$2,880,213$5,272,415
78$6,343,112$3,499,903$2,909,932$5,667,878
79$6,921,238$3,602,527$2,938,543$6,100,314
80$7,556,163$3,708,009$2,965,943$6,573,428
81$8,253,612$3,816,423$2,992,023$7,091,300
82$9,019,893$3,927,840$3,016,669$7,658,427
83$9,861,954$4,042,336$3,039,759$8,279,761
84$10,787,449$4,159,986$3,061,167$8,960,761
85$11,804,812$4,280,868$3,080,758$9,707,442
86$12,923,332$4,405,060$3,098,393$10,526,430
87$14,153,245$4,532,641$3,113,923$11,425,027
88$15,505,829$4,663,694$3,127,192$12,411,280
89$16,993,509$4,798,301$3,138,039$13,494,057
90$18,629,974$4,936,544$3,146,290$14,683,126
91$20,430,307$5,078,511$3,151,766$15,989,254
92$22,411,127$5,224,286$3,154,278$17,424,306
93$24,590,743$5,373,957$3,153,628$19,001,356
94$26,989,331$5,527,613$3,149,607$20,734,811
95$29,629,120$5,685,343$3,141,996$22,640,546
96$32,534,605$5,847,239$3,130,567$24,736,058
97$35,732,773$6,013,393$3,115,080$27,040,627
98$39,253,363$6,183,896$3,095,282$29,575,498
99$43,129,143$6,358,844$3,070,911$32,364,085
100$47,396,218$6,538,330$3,041,689$35,432,189