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%16.9%
1 years$207,273$205,427$203,626$201,868$200,151$194,524
2 years$102,611$100,700$98,848$97,052$95,310$89,684
3 years$67,728$65,808$63,961$62,182$60,469$55,019
4 years$50,289$48,376$46,547$44,799$43,127$37,896
5 years$39,829$37,927$36,122$34,410$32,784$27,787
6 years$32,858$30,971$29,192$27,518$25,941$21,182
7 years$27,881$26,009$24,259$22,624$21,097$16,575
8 years$24,149$22,295$20,574$18,979$17,502$13,216
9 years$21,249$19,411$17,720$16,166$14,739$10,684
10 years$18,930$17,110$15,449$13,935$12,559$8,730
11 years$17,033$15,232$13,601$12,127$10,801$7,191
12 years$15,454$13,672$12,070$10,637$9,360$5,963
13 years$14,119$12,355$10,784$9,391$8,162$4,971
14 years$12,976$11,230$9,690$8,337$7,155$4,161
15 years$11,986$10,259$8,748$7,435$6,300$3,496
16 years$11,120$9,413$7,932$6,657$5,568$2,945
17 years$10,357$8,669$7,217$5,981$4,937$2,487
18 years$9,680$8,010$6,589$5,390$4,389$2,104
19 years$9,075$7,424$6,032$4,871$3,912$1,784
20 years$8,531$6,899$5,535$4,411$3,495$1,514
21 years$8,039$6,426$5,092$4,003$3,127$1,287
22 years$7,593$5,998$4,693$3,640$2,803$1,094
23 years$7,186$5,610$4,333$3,315$2,516$932
24 years$6,813$5,256$4,007$3,024$2,262$794
25 years$6,471$4,933$3,711$2,761$2,035$677
26 years$6,156$4,636$3,442$2,525$1,833$577
27 years$5,864$4,363$3,196$2,311$1,653$492
28 years$5,594$4,111$2,971$2,117$1,491$420
29 years$5,343$3,878$2,765$1,942$1,347$359
30 years$5,109$3,663$2,576$1,782$1,217$307
31 years$4,891$3,463$2,401$1,637$1,100$262
32 years$4,687$3,276$2,240$1,504$995$224
33 years$4,495$3,103$2,092$1,383$901$191
34 years$4,315$2,941$1,954$1,273$815$163
35 years$4,146$2,789$1,827$1,171$738$140
36 years$3,986$2,647$1,709$1,079$669$119
37 years$3,836$2,514$1,600$994$606$102
38 years$3,694$2,390$1,498$916$550$87
39 years$3,559$2,272$1,404$845$499$75
40 years$3,432$2,162$1,316$779$452$64
41 years$3,311$2,058$1,234$719$410$55
42 years$3,196$1,960$1,157$664$372$47
43 years$3,086$1,867$1,086$612$338$40
44 years$2,982$1,780$1,019$566$307$34
45 years$2,883$1,697$957$522$278$29
46 years$2,789$1,619$899$482$253$25
47 years$2,698$1,545$845$446$230$21
48 years$2,612$1,475$794$412$208$18
49 years$2,530$1,409$746$381$189$16
50 years$2,451$1,346$701$352$172$13

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 $2,007 every year, while hoping to spend $50,756 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: 57/37/6 Blend
67$2,510,000$2,510,000$2,510,000$2,510,000
68$2,768,090$2,635,060$2,596,155$2,922,320
69$2,996,431$2,710,174$2,629,122$3,101,338
70$3,246,362$2,787,268$2,661,493$3,290,392
71$3,520,031$2,866,384$2,693,193$3,495,105
72$3,819,805$2,947,567$2,724,145$3,716,975
73$4,148,288$3,030,861$2,754,267$3,957,652
74$4,508,351$3,116,310$2,783,473$4,218,949
75$4,903,154$3,203,961$2,811,670$4,502,864
76$5,336,177$3,293,856$2,838,763$4,811,595
77$5,811,255$3,386,044$2,864,650$5,147,562
78$6,332,612$3,480,568$2,889,223$5,513,429
79$6,904,897$3,577,475$2,912,372$5,912,128
80$7,533,236$3,676,811$2,933,976$6,346,890
81$8,223,273$3,778,621$2,953,911$6,821,269
82$8,981,226$3,882,953$2,972,045$7,339,181
83$9,813,944$3,989,850$2,988,242$7,904,938
84$10,728,973$4,099,359$3,002,355$8,523,289
85$11,734,626$4,211,526$3,014,231$9,199,464
86$12,840,062$4,326,395$3,023,712$9,939,223
87$14,055,370$4,444,010$3,030,628$10,748,911
88$15,391,666$4,564,415$3,034,803$11,635,516
89$16,861,198$4,687,654$3,036,051$12,606,738
90$18,477,460$4,813,768$3,034,178$13,671,057
91$20,255,317$4,942,799$3,028,979$14,837,814
92$22,211,150$5,074,786$3,020,241$16,117,301
93$24,363,006$5,209,770$3,007,738$17,520,856
94$26,730,771$5,347,787$2,991,235$19,060,969
95$29,336,354$5,488,873$2,970,486$20,751,402
96$32,203,896$5,633,062$2,945,232$22,607,316
97$35,359,998$5,780,386$2,915,201$24,645,417
98$38,833,968$5,930,876$2,880,111$26,884,107
99$42,658,102$6,084,557$2,839,663$29,343,666
100$46,867,983$6,241,456$2,793,547$32,046,436