Can I retire at age 68 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$208,925$207,064$205,248$203,476$201,746$197,350
2 years$103,428$101,502$99,635$97,825$96,069$91,663
3 years$68,267$66,333$64,471$62,677$60,950$56,670
4 years$50,690$48,762$46,918$45,156$43,470$39,350
5 years$40,147$38,230$36,410$34,684$33,045$29,097
6 years$33,120$31,217$29,425$27,737$26,148$22,375
7 years$28,103$26,216$24,452$22,804$21,265$17,668
8 years$24,342$22,472$20,737$19,130$17,641$14,220
9 years$21,418$19,566$17,861$16,294$14,857$11,607
10 years$19,080$17,247$15,572$14,046$12,659$9,578
11 years$17,169$15,354$13,709$12,224$10,887$7,972
12 years$15,577$13,781$12,167$10,722$9,434$6,680
13 years$14,232$12,454$10,870$9,466$8,227$5,628
14 years$13,079$11,320$9,767$8,403$7,212$4,764
15 years$12,081$10,341$8,818$7,494$6,350$4,047
16 years$11,209$9,488$7,995$6,710$5,612$3,448
17 years$10,440$8,738$7,275$6,029$4,976$2,946
18 years$9,757$8,074$6,641$5,433$4,424$2,523
19 years$9,147$7,483$6,080$4,909$3,943$2,164
20 years$8,599$6,954$5,580$4,446$3,522$1,859
21 years$8,103$6,477$5,132$4,035$3,152$1,599
22 years$7,653$6,046$4,730$3,669$2,825$1,377
23 years$7,243$5,655$4,367$3,342$2,536$1,187
24 years$6,868$5,298$4,039$3,048$2,280$1,025
25 years$6,523$4,972$3,741$2,783$2,051$885
26 years$6,205$4,673$3,470$2,545$1,848$764
27 years$5,911$4,398$3,222$2,329$1,666$661
28 years$5,639$4,144$2,995$2,134$1,503$571
29 years$5,386$3,909$2,787$1,957$1,357$494
30 years$5,150$3,692$2,596$1,796$1,226$428
31 years$4,930$3,490$2,420$1,650$1,109$370
32 years$4,724$3,302$2,258$1,516$1,003$321
33 years$4,531$3,127$2,109$1,394$908$278
34 years$4,350$2,964$1,970$1,283$822$241
35 years$4,179$2,811$1,842$1,181$744$208
36 years$4,018$2,668$1,723$1,088$674$181
37 years$3,867$2,534$1,613$1,002$611$156
38 years$3,723$2,409$1,510$924$554$136
39 years$3,587$2,290$1,415$852$503$118
40 years$3,459$2,179$1,326$785$456$102
41 years$3,337$2,074$1,244$725$414$88
42 years$3,221$1,975$1,167$669$375$77
43 years$3,111$1,882$1,095$617$341$66
44 years$3,006$1,794$1,027$570$309$58
45 years$2,906$1,711$965$526$281$50
46 years$2,811$1,632$906$486$255$43
47 years$2,720$1,558$851$449$231$38
48 years$2,633$1,487$800$415$210$33
49 years$2,550$1,420$752$384$191$28
50 years$2,470$1,356$707$355$173$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,530,000, adding $4,721 every year, while hoping to spend $59,454 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: 32/47/21 Blend
67$2,530,000$2,530,000$2,530,000$2,530,000
68$2,792,930$2,658,840$2,619,625$2,864,031
69$3,014,550$2,725,864$2,644,124$2,984,818
70$3,256,783$2,794,180$2,667,450$3,109,108
71$3,521,668$2,863,789$2,689,503$3,241,751
72$3,811,451$2,934,687$2,710,175$3,383,515
73$4,128,606$3,006,873$2,729,352$3,535,246
74$4,475,854$3,080,340$2,746,916$3,697,874
75$4,856,194$3,155,081$2,762,741$3,872,427
76$5,272,930$3,231,083$2,776,696$4,060,035
77$5,729,696$3,308,334$2,788,643$4,261,944
78$6,230,499$3,386,816$2,798,436$4,479,527
79$6,779,749$3,466,509$2,805,923$4,714,296
80$7,382,306$3,547,390$2,810,944$4,967,919
81$8,043,520$3,629,432$2,813,330$5,242,232
82$8,769,288$3,712,603$2,812,905$5,539,261
83$9,566,102$3,796,866$2,809,484$5,861,239
84$10,441,114$3,882,183$2,802,872$6,210,625
85$11,402,205$3,968,507$2,792,865$6,590,131
86$12,458,054$4,055,788$2,779,250$7,002,749
87$13,618,224$4,143,970$2,761,803$7,451,772
88$14,893,248$4,232,991$2,740,290$7,940,836
89$16,294,734$4,322,781$2,714,463$8,473,945
90$17,835,465$4,413,266$2,684,066$9,055,515
91$19,529,529$4,504,362$2,648,829$9,690,415
92$21,392,445$4,595,980$2,608,469$10,384,012
93$23,441,312$4,688,021$2,562,691$11,142,223
94$25,694,969$4,780,377$2,511,184$11,971,571
95$28,174,173$4,872,932$2,453,625$12,879,249
96$30,901,792$4,965,559$2,389,675$13,873,185
97$33,903,024$5,058,121$2,318,979$14,962,120
98$37,205,634$5,150,471$2,241,165$16,155,693
99$40,840,211$5,242,447$2,155,847$17,464,528
100$44,840,463$5,333,877$2,062,619$18,900,337