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

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$208,099$206,246$204,437$202,672$200,948$195,456
2 years$103,019$101,101$99,241$97,438$95,690$90,197
3 years$67,997$66,070$64,216$62,430$60,709$55,388
4 years$50,490$48,569$46,733$44,977$43,299$38,188
5 years$39,988$38,079$36,266$34,547$32,915$28,031
6 years$32,989$31,094$29,309$27,627$26,044$21,391
7 years$27,992$26,113$24,356$22,714$21,181$16,758
8 years$24,246$22,383$20,655$19,054$17,572$13,377
9 years$21,333$19,489$17,791$16,230$14,798$10,828
10 years$19,005$17,178$15,510$13,990$12,609$8,858
11 years$17,101$15,293$13,655$12,176$10,844$7,307
12 years$15,516$13,726$12,118$10,680$9,397$6,067
13 years$14,175$12,404$10,827$9,429$8,194$5,064
14 years$13,027$11,275$9,728$8,370$7,183$4,245
15 years$12,033$10,300$8,783$7,464$6,325$3,571
16 years$11,165$9,450$7,963$6,683$5,590$3,013
17 years$10,399$8,703$7,246$6,005$4,956$2,548
18 years$9,719$8,042$6,615$5,412$4,407$2,159
19 years$9,111$7,453$6,056$4,890$3,928$1,833
20 years$8,565$6,926$5,558$4,429$3,508$1,558
21 years$8,071$6,451$5,112$4,019$3,140$1,326
22 years$7,623$6,022$4,711$3,655$2,814$1,130
23 years$7,214$5,632$4,350$3,328$2,526$963
24 years$6,840$5,277$4,023$3,036$2,271$822
25 years$6,497$4,952$3,726$2,772$2,043$702
26 years$6,180$4,654$3,456$2,535$1,840$600
27 years$5,888$4,380$3,209$2,320$1,659$512
28 years$5,617$4,128$2,983$2,126$1,497$438
29 years$5,364$3,894$2,776$1,949$1,352$375
30 years$5,130$3,677$2,586$1,789$1,222$321
31 years$4,910$3,476$2,411$1,643$1,104$274
32 years$4,705$3,289$2,249$1,510$999$235
33 years$4,513$3,115$2,100$1,389$904$201
34 years$4,332$2,952$1,962$1,278$819$172
35 years$4,162$2,800$1,835$1,176$741$147
36 years$4,002$2,658$1,716$1,083$672$126
37 years$3,851$2,524$1,606$998$609$108
38 years$3,708$2,399$1,504$920$552$93
39 years$3,573$2,281$1,409$848$501$79
40 years$3,445$2,170$1,321$782$454$68
41 years$3,324$2,066$1,239$722$412$58
42 years$3,208$1,968$1,162$666$374$50
43 years$3,099$1,875$1,090$615$339$43
44 years$2,994$1,787$1,023$568$308$37
45 years$2,895$1,704$961$524$280$31
46 years$2,800$1,626$903$484$254$27
47 years$2,709$1,551$848$447$230$23
48 years$2,622$1,481$797$414$209$20
49 years$2,540$1,414$749$382$190$17
50 years$2,460$1,351$704$353$173$14

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 $4,237 every year, while hoping to spend $51,681 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: 40/30/30 Blend
67$2,520,000$2,520,000$2,520,000$2,520,000
68$2,781,410$2,647,850$2,608,790$2,867,893
69$3,010,126$2,722,607$2,641,197$3,006,176
70$3,260,439$2,799,294$2,672,957$3,150,608
71$3,534,496$2,877,953$2,703,994$3,305,906
72$3,834,665$2,958,623$2,734,227$3,473,102
73$4,163,550$3,041,344$2,763,573$3,653,330
74$4,524,020$3,126,158$2,791,941$3,847,840
75$4,919,236$3,213,105$2,819,236$4,058,009
76$5,352,677$3,302,226$2,845,360$4,285,353
77$5,828,177$3,393,562$2,870,206$4,531,541
78$6,349,958$3,487,154$2,893,665$4,798,415
79$6,922,671$3,583,042$2,915,620$5,088,000
80$7,551,438$3,681,266$2,935,949$5,402,529
81$8,241,904$3,781,867$2,954,522$5,744,464
82$9,000,284$3,884,884$2,971,204$6,116,514
83$9,833,426$3,990,357$2,985,853$6,521,668
84$10,748,875$4,098,324$2,998,318$6,963,215
85$11,754,942$4,208,823$3,008,444$7,444,783
86$12,860,782$4,321,892$3,016,063$7,970,369
87$14,076,484$4,437,566$3,021,003$8,544,377
88$15,413,160$4,555,882$3,023,081$9,171,661
89$16,883,054$4,676,872$3,022,106$9,857,568
90$18,499,657$4,800,570$3,017,878$10,607,995
91$20,277,832$4,927,007$3,010,186$11,429,437
92$22,233,953$5,056,213$2,998,810$12,329,053
93$24,386,063$5,188,215$2,983,517$13,314,735
94$26,754,043$5,323,038$2,964,066$14,395,177
95$29,359,795$5,460,707$2,940,202$15,579,965
96$32,227,455$5,601,243$2,911,660$16,879,661
97$35,383,614$5,744,662$2,878,159$18,305,905
98$38,857,573$5,890,982$2,839,408$19,871,529
99$42,681,619$6,040,213$2,795,102$21,590,673
100$46,891,325$6,192,365$2,744,919$23,478,923