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%14%
1 years$208,925$207,064$205,248$203,476$201,746$198,404
2 years$103,428$101,502$99,635$97,825$96,069$92,712
3 years$68,267$66,333$64,471$62,677$60,950$57,682
4 years$50,690$48,762$46,918$45,156$43,470$40,317
5 years$40,147$38,230$36,410$34,684$33,045$30,015
6 years$33,120$31,217$29,425$27,737$26,148$23,244
7 years$28,103$26,216$24,452$22,804$21,265$18,490
8 years$24,342$22,472$20,737$19,130$17,641$14,993
9 years$21,418$19,566$17,861$16,294$14,857$12,334
10 years$19,080$17,247$15,572$14,046$12,659$10,260
11 years$17,169$15,354$13,709$12,224$10,887$8,610
12 years$15,577$13,781$12,167$10,722$9,434$7,275
13 years$14,232$12,454$10,870$9,466$8,227$6,183
14 years$13,079$11,320$9,767$8,403$7,212$5,279
15 years$12,081$10,341$8,818$7,494$6,350$4,525
16 years$11,209$9,488$7,995$6,710$5,612$3,892
17 years$10,440$8,738$7,275$6,029$4,976$3,356
18 years$9,757$8,074$6,641$5,433$4,424$2,901
19 years$9,147$7,483$6,080$4,909$3,943$2,512
20 years$8,599$6,954$5,580$4,446$3,522$2,180
21 years$8,103$6,477$5,132$4,035$3,152$1,894
22 years$7,653$6,046$4,730$3,669$2,825$1,647
23 years$7,243$5,655$4,367$3,342$2,536$1,435
24 years$6,868$5,298$4,039$3,048$2,280$1,251
25 years$6,523$4,972$3,741$2,783$2,051$1,091
26 years$6,205$4,673$3,470$2,545$1,848$952
27 years$5,911$4,398$3,222$2,329$1,666$832
28 years$5,639$4,144$2,995$2,134$1,503$727
29 years$5,386$3,909$2,787$1,957$1,357$636
30 years$5,150$3,692$2,596$1,796$1,226$556
31 years$4,930$3,490$2,420$1,650$1,109$487
32 years$4,724$3,302$2,258$1,516$1,003$426
33 years$4,531$3,127$2,109$1,394$908$373
34 years$4,350$2,964$1,970$1,283$822$327
35 years$4,179$2,811$1,842$1,181$744$286
36 years$4,018$2,668$1,723$1,088$674$251
37 years$3,867$2,534$1,613$1,002$611$220
38 years$3,723$2,409$1,510$924$554$192
39 years$3,587$2,290$1,415$852$503$169
40 years$3,459$2,179$1,326$785$456$148
41 years$3,337$2,074$1,244$725$414$130
42 years$3,221$1,975$1,167$669$375$114
43 years$3,111$1,882$1,095$617$341$100
44 years$3,006$1,794$1,027$570$309$87
45 years$2,906$1,711$965$526$281$77
46 years$2,811$1,632$906$486$255$67
47 years$2,720$1,558$851$449$231$59
48 years$2,633$1,487$800$415$210$52
49 years$2,550$1,420$752$384$191$45
50 years$2,470$1,356$707$355$173$40

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 $2,760 every year, while hoping to spend $48,521 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: 80/6/14 Blend
67$2,530,000$2,530,000$2,530,000$2,530,000
68$2,790,907$2,656,817$2,617,602$3,006,170
69$3,023,953$2,735,375$2,653,666$3,226,647
70$3,279,145$2,816,156$2,689,311$3,462,011
71$3,558,688$2,899,218$2,724,474$3,718,921
72$3,865,014$2,984,620$2,759,083$3,999,516
73$4,200,801$3,072,422$2,793,068$4,306,148
74$4,568,997$3,162,685$2,826,350$4,641,411
75$4,972,850$3,255,471$2,858,848$5,008,159
76$5,415,937$3,350,846$2,890,476$5,409,538
77$5,902,198$3,448,873$2,921,143$5,849,014
78$6,435,974$3,549,620$2,950,753$6,330,402
79$7,022,045$3,653,153$2,979,205$6,857,908
80$7,665,678$3,759,542$3,006,393$7,436,162
81$8,372,675$3,868,857$3,032,204$8,070,269
82$9,149,425$3,981,169$3,056,521$8,765,850
83$10,002,970$4,096,550$3,079,218$9,529,099
84$10,941,067$4,215,074$3,100,165$10,366,839
85$11,972,259$4,336,816$3,119,225$11,286,590
86$13,105,963$4,461,853$3,136,251$12,296,635
87$14,352,548$4,590,262$3,151,093$13,406,100
88$15,723,444$4,722,120$3,163,591$14,625,043
89$17,231,239$4,857,508$3,173,575$15,964,542
90$18,889,806$4,996,506$3,180,870$17,436,809
91$20,714,427$5,139,196$3,185,290$19,055,294
92$22,721,943$5,285,660$3,186,641$20,834,820
93$24,930,906$5,435,983$3,184,719$22,791,721
94$27,361,760$5,590,247$3,179,308$24,943,994
95$30,037,030$5,748,540$3,170,186$27,311,470
96$32,981,535$5,910,947$3,157,115$29,916,002
97$36,222,623$6,077,555$3,139,850$32,781,668
98$39,790,426$6,248,451$3,118,131$35,935,003
99$43,718,148$6,423,723$3,091,686$39,405,245
100$48,042,374$6,603,460$3,060,233$43,224,612