Can I retire at age 68 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$207,273$205,427$203,626$201,868$200,151$197,404
2 years$102,611$100,700$98,848$97,052$95,310$92,548
3 years$67,728$65,808$63,961$62,182$60,469$57,777
4 years$50,289$48,376$46,547$44,799$43,127$40,526
5 years$39,829$37,927$36,122$34,410$32,784$30,282
6 years$32,858$30,971$29,192$27,518$25,941$23,540
7 years$27,881$26,009$24,259$22,624$21,097$18,798
8 years$24,149$22,295$20,574$18,979$17,502$15,305
9 years$21,249$19,411$17,720$16,166$14,739$12,643
10 years$18,930$17,110$15,449$13,935$12,559$10,562
11 years$17,033$15,232$13,601$12,127$10,801$8,902
12 years$15,454$13,672$12,070$10,637$9,360$7,556
13 years$14,119$12,355$10,784$9,391$8,162$6,451
14 years$12,976$11,230$9,690$8,337$7,155$5,534
15 years$11,986$10,259$8,748$7,435$6,300$4,767
16 years$11,120$9,413$7,932$6,657$5,568$4,119
17 years$10,357$8,669$7,217$5,981$4,937$3,570
18 years$9,680$8,010$6,589$5,390$4,389$3,101
19 years$9,075$7,424$6,032$4,871$3,912$2,700
20 years$8,531$6,899$5,535$4,411$3,495$2,355
21 years$8,039$6,426$5,092$4,003$3,127$2,057
22 years$7,593$5,998$4,693$3,640$2,803$1,799
23 years$7,186$5,610$4,333$3,315$2,516$1,575
24 years$6,813$5,256$4,007$3,024$2,262$1,380
25 years$6,471$4,933$3,711$2,761$2,035$1,211
26 years$6,156$4,636$3,442$2,525$1,833$1,063
27 years$5,864$4,363$3,196$2,311$1,653$934
28 years$5,594$4,111$2,971$2,117$1,491$821
29 years$5,343$3,878$2,765$1,942$1,347$722
30 years$5,109$3,663$2,576$1,782$1,217$635
31 years$4,891$3,463$2,401$1,637$1,100$559
32 years$4,687$3,276$2,240$1,504$995$492
33 years$4,495$3,103$2,092$1,383$901$433
34 years$4,315$2,941$1,954$1,273$815$382
35 years$4,146$2,789$1,827$1,171$738$336
36 years$3,986$2,647$1,709$1,079$669$296
37 years$3,836$2,514$1,600$994$606$261
38 years$3,694$2,390$1,498$916$550$230
39 years$3,559$2,272$1,404$845$499$203
40 years$3,432$2,162$1,316$779$452$179
41 years$3,311$2,058$1,234$719$410$158
42 years$3,196$1,960$1,157$664$372$139
43 years$3,086$1,867$1,086$612$338$123
44 years$2,982$1,780$1,019$566$307$108
45 years$2,883$1,697$957$522$278$96
46 years$2,789$1,619$899$482$253$84
47 years$2,698$1,545$845$446$230$74
48 years$2,612$1,475$794$412$208$66
49 years$2,530$1,409$746$381$189$58
50 years$2,451$1,346$701$352$172$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,510,000, adding $3,709 every year, while hoping to spend $33,442 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: 76/8/16 Blend
67$2,510,000$2,510,000$2,510,000$2,510,000
68$2,769,846$2,636,816$2,597,911$2,970,341
69$3,016,788$2,730,438$2,649,359$3,196,945
70$3,287,798$2,827,526$2,701,409$3,440,773
71$3,585,294$2,928,216$2,754,048$3,707,187
72$3,911,942$3,032,647$2,807,257$3,998,427
73$4,270,679$3,140,965$2,861,018$4,316,963
74$4,664,737$3,253,322$2,915,312$4,665,512
75$5,097,681$3,369,875$2,970,115$5,047,068
76$5,573,435$3,490,790$3,025,405$5,464,929
77$6,096,324$3,616,236$3,081,154$5,922,725
78$6,671,110$3,746,393$3,137,334$6,424,458
79$7,303,043$3,881,446$3,193,914$6,974,533
80$7,997,905$4,021,589$3,250,862$7,577,804
81$8,762,066$4,167,021$3,308,140$8,239,617
82$9,602,545$4,317,954$3,365,712$8,965,863
83$10,527,076$4,474,605$3,423,534$9,763,029
84$11,544,179$4,637,202$3,481,564$10,638,264
85$12,663,241$4,805,981$3,539,752$11,599,442
86$13,894,607$4,981,189$3,598,049$12,655,239
87$15,249,673$5,163,083$3,656,400$13,815,212
88$16,740,998$5,351,932$3,714,747$15,089,893
89$18,382,416$5,548,014$3,773,028$16,490,882
90$20,189,176$5,751,619$3,831,177$18,030,962
91$22,178,075$5,963,052$3,889,125$19,724,216
92$24,367,624$6,182,627$3,946,796$21,586,163
93$26,778,220$6,410,674$4,004,112$23,633,900
94$29,432,337$6,647,535$4,060,988$25,886,263
95$32,354,740$6,893,570$4,117,336$28,364,011
96$35,572,718$7,149,149$4,173,062$31,090,013
97$39,116,341$7,414,663$4,228,065$34,089,469
98$43,018,742$7,690,515$4,282,239$37,390,148
99$47,316,433$7,977,130$4,335,473$41,022,644
100$52,049,646$8,274,946$4,387,648$45,020,672