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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.5%
1 years$205,622$203,790$202,003$200,259$198,556$194,866
2 years$101,793$99,897$98,060$96,278$94,551$90,847
3 years$67,188$65,284$63,451$61,687$59,987$56,384
4 years$49,889$47,991$46,176$44,442$42,783$39,310
5 years$39,512$37,625$35,835$34,135$32,523$29,189
6 years$32,596$30,724$28,960$27,298$25,734$22,544
7 years$27,659$25,802$24,066$22,444$20,929$17,882
8 years$23,957$22,117$20,410$18,827$17,363$14,459
9 years$21,079$19,257$17,579$16,037$14,622$11,859
10 years$18,779$16,974$15,326$13,824$12,458$9,835
11 years$16,898$15,111$13,492$12,031$10,715$8,227
12 years$15,331$13,563$11,974$10,553$9,285$6,929
13 years$14,007$12,257$10,698$9,316$8,097$5,870
14 years$12,872$11,141$9,612$8,270$7,098$4,995
15 years$11,890$10,178$8,679$7,375$6,249$4,267
16 years$11,032$9,338$7,868$6,604$5,523$3,657
17 years$10,275$8,600$7,160$5,934$4,897$3,142
18 years$9,603$7,946$6,536$5,347$4,354$2,706
19 years$9,002$7,365$5,984$4,832$3,881$2,335
20 years$8,463$6,844$5,491$4,376$3,467$2,018
21 years$7,975$6,375$5,051$3,972$3,102$1,747
22 years$7,532$5,950$4,655$3,611$2,781$1,514
23 years$7,129$5,565$4,298$3,289$2,496$1,313
24 years$6,759$5,214$3,975$2,999$2,244$1,140
25 years$6,420$4,893$3,682$2,739$2,019$991
26 years$6,107$4,599$3,415$2,505$1,819$861
27 years$5,818$4,328$3,171$2,293$1,640$749
28 years$5,550$4,078$2,948$2,100$1,479$652
29 years$5,301$3,848$2,743$1,926$1,336$568
30 years$5,069$3,634$2,555$1,768$1,207$495
31 years$4,852$3,435$2,382$1,624$1,091$431
32 years$4,649$3,250$2,223$1,492$987$376
33 years$4,459$3,078$2,075$1,372$893$328
34 years$4,281$2,917$1,939$1,262$809$286
35 years$4,113$2,767$1,813$1,162$733$249
36 years$3,955$2,626$1,696$1,070$664$217
37 years$3,805$2,494$1,587$986$602$190
38 years$3,664$2,370$1,486$909$545$166
39 years$3,531$2,254$1,393$838$495$145
40 years$3,404$2,145$1,305$773$449$126
41 years$3,284$2,041$1,224$713$407$110
42 years$3,170$1,944$1,148$658$369$96
43 years$3,062$1,852$1,077$608$335$84
44 years$2,958$1,766$1,011$561$304$73
45 years$2,860$1,684$950$518$276$64
46 years$2,766$1,606$892$479$251$56
47 years$2,677$1,533$838$442$228$49
48 years$2,591$1,463$787$409$207$43
49 years$2,509$1,397$740$378$188$37
50 years$2,431$1,335$696$349$171$32

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 $2,801 every year, while hoping to spend $29,343 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: 60/22/18 Blend
67$2,490,000$2,490,000$2,490,000$2,490,000
68$2,746,869$2,614,899$2,576,304$2,898,741
69$2,995,829$2,711,809$2,631,390$3,098,626
70$3,269,200$2,812,483$2,687,337$3,313,097
71$3,569,439$2,917,076$2,744,144$3,546,401
72$3,899,257$3,025,748$2,801,808$3,800,364
73$4,261,637$3,138,665$2,860,324$4,076,999
74$4,659,866$3,256,002$2,919,688$4,378,517
75$5,097,567$3,377,940$2,979,891$4,707,355
76$5,578,728$3,504,668$3,040,927$5,066,192
77$6,107,745$3,636,384$3,102,785$5,457,978
78$6,689,462$3,773,294$3,165,455$5,885,963
79$7,329,214$3,915,613$3,228,925$6,353,720
80$8,032,880$4,063,564$3,293,180$6,865,185
81$8,806,936$4,217,381$3,358,204$7,424,694
82$9,658,520$4,377,308$3,423,979$8,037,016
83$10,595,492$4,543,600$3,490,487$8,707,407
84$11,626,518$4,716,522$3,557,704$9,441,651
85$12,761,143$4,896,351$3,625,606$10,246,120
86$14,009,884$5,083,377$3,694,168$11,127,829
87$15,384,330$5,277,900$3,763,361$12,094,507
88$16,897,251$5,480,237$3,833,153$13,154,664
89$18,562,717$5,690,715$3,903,510$14,317,671
90$20,396,232$5,909,678$3,974,396$15,593,853
91$22,414,880$6,137,484$4,045,770$16,994,580
92$24,637,483$6,374,507$4,117,589$18,532,378
93$27,084,786$6,621,137$4,189,807$20,221,043
94$29,779,643$6,877,781$4,262,375$22,075,772
95$32,747,239$7,144,866$4,335,237$24,113,306
96$36,015,328$7,422,835$4,408,339$26,352,087
97$39,614,491$7,712,152$4,481,616$28,812,431
98$43,578,423$8,013,302$4,555,005$31,516,718
99$47,944,260$8,326,792$4,628,436$34,489,605
100$52,752,918$8,653,148$4,701,832$37,758,255