Can I retire at age 68 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$208,099$206,246$204,437$202,672$200,948$198,933
2 years$103,019$101,101$99,241$97,438$95,690$93,659
3 years$67,997$66,070$64,216$62,430$60,709$58,728
4 years$50,490$48,569$46,733$44,977$43,299$41,380
5 years$39,988$38,079$36,266$34,547$32,915$31,066
6 years$32,989$31,094$29,309$27,627$26,044$24,267
7 years$27,992$26,113$24,356$22,714$21,181$19,476
8 years$24,246$22,383$20,655$19,054$17,572$15,939
9 years$21,333$19,489$17,791$16,230$14,798$13,237
10 years$19,005$17,178$15,510$13,990$12,609$11,119
11 years$17,101$15,293$13,655$12,176$10,844$9,423
12 years$15,516$13,726$12,118$10,680$9,397$8,045
13 years$14,175$12,404$10,827$9,429$8,194$6,909
14 years$13,027$11,275$9,728$8,370$7,183$5,962
15 years$12,033$10,300$8,783$7,464$6,325$5,167
16 years$11,165$9,450$7,963$6,683$5,590$4,493
17 years$10,399$8,703$7,246$6,005$4,956$3,919
18 years$9,719$8,042$6,615$5,412$4,407$3,426
19 years$9,111$7,453$6,056$4,890$3,928$3,002
20 years$8,565$6,926$5,558$4,429$3,508$2,636
21 years$8,071$6,451$5,112$4,019$3,140$2,318
22 years$7,623$6,022$4,711$3,655$2,814$2,041
23 years$7,214$5,632$4,350$3,328$2,526$1,799
24 years$6,840$5,277$4,023$3,036$2,271$1,588
25 years$6,497$4,952$3,726$2,772$2,043$1,403
26 years$6,180$4,654$3,456$2,535$1,840$1,240
27 years$5,888$4,380$3,209$2,320$1,659$1,097
28 years$5,617$4,128$2,983$2,126$1,497$972
29 years$5,364$3,894$2,776$1,949$1,352$861
30 years$5,130$3,677$2,586$1,789$1,222$763
31 years$4,910$3,476$2,411$1,643$1,104$676
32 years$4,705$3,289$2,249$1,510$999$600
33 years$4,513$3,115$2,100$1,389$904$532
34 years$4,332$2,952$1,962$1,278$819$472
35 years$4,162$2,800$1,835$1,176$741$419
36 years$4,002$2,658$1,716$1,083$672$372
37 years$3,851$2,524$1,606$998$609$331
38 years$3,708$2,399$1,504$920$552$294
39 years$3,573$2,281$1,409$848$501$261
40 years$3,445$2,170$1,321$782$454$232
41 years$3,324$2,066$1,239$722$412$206
42 years$3,208$1,968$1,162$666$374$183
43 years$3,099$1,875$1,090$615$339$163
44 years$2,994$1,787$1,023$568$308$145
45 years$2,895$1,704$961$524$280$129
46 years$2,800$1,626$903$484$254$115
47 years$2,709$1,551$848$447$230$102
48 years$2,622$1,481$797$414$209$91
49 years$2,540$1,414$749$382$190$81
50 years$2,460$1,351$704$353$173$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,520,000, adding $2,651 every year, while hoping to spend $30,841 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: 59/11/30 Blend
67$2,520,000$2,520,000$2,520,000$2,520,000
68$2,779,775$2,646,215$2,607,155$2,920,842
69$3,030,497$2,743,064$2,661,680$3,114,626
70$3,305,759$2,843,626$2,716,998$3,322,429
71$3,608,032$2,948,050$2,773,103$3,548,487
72$3,940,037$3,056,490$2,829,987$3,794,583
73$4,304,772$3,169,109$2,887,643$4,062,683
74$4,705,540$3,286,076$2,946,060$4,354,952
75$5,145,980$3,407,568$3,005,227$4,673,772
76$5,630,098$3,533,768$3,065,131$5,021,766
77$6,162,313$3,664,867$3,125,758$5,401,823
78$6,747,489$3,801,066$3,187,091$5,817,125
79$7,390,986$3,942,572$3,249,112$6,271,176
80$8,098,711$4,089,602$3,311,801$6,767,833
81$8,877,170$4,242,382$3,375,136$7,311,348
82$9,733,531$4,401,149$3,439,094$7,906,401
83$10,675,695$4,566,149$3,503,647$8,558,148
84$11,712,363$4,737,638$3,568,767$9,272,268
85$12,853,126$4,915,884$3,634,422$10,055,018
86$14,108,549$5,101,166$3,700,579$10,913,289
87$15,490,274$5,293,776$3,767,201$11,854,672
88$17,011,128$5,494,017$3,834,249$12,887,532
89$18,685,246$5,702,207$3,901,679$14,021,081
90$20,528,202$5,918,676$3,969,446$15,265,468
91$22,557,157$6,143,769$4,037,501$16,631,878
92$24,791,020$6,377,847$4,105,791$18,132,629
93$27,250,628$6,621,286$4,174,258$19,781,296
94$29,958,940$6,874,476$4,242,844$21,592,831
95$32,941,255$7,137,829$4,311,483$23,583,712
96$36,225,451$7,411,771$4,380,106$25,772,093
97$39,842,247$7,696,748$4,448,639$28,177,974
98$43,825,494$7,993,226$4,517,006$30,823,395
99$48,212,490$8,301,690$4,585,121$33,732,637
100$53,044,339$8,622,648$4,652,898$36,932,457