Can I retire at age 68 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$209,751$207,882$206,060$204,280$202,543$199,929
2 years$103,837$101,903$100,029$98,212$96,449$93,819
3 years$68,537$66,595$64,725$62,925$61,191$58,628
4 years$50,891$48,954$47,103$45,334$43,642$41,164
5 years$40,305$38,381$36,554$34,821$33,176$30,791
6 years$33,251$31,341$29,541$27,847$26,251$23,962
7 years$28,214$26,320$24,549$22,894$21,349$19,156
8 years$24,438$22,561$20,819$19,205$17,711$15,615
9 years$21,503$19,643$17,932$16,359$14,915$12,914
10 years$19,156$17,315$15,633$14,101$12,709$10,802
11 years$17,237$15,414$13,763$12,272$10,930$9,115
12 years$15,639$13,835$12,215$10,765$9,472$7,747
13 years$14,288$12,503$10,913$9,503$8,259$6,623
14 years$13,131$11,365$9,805$8,436$7,240$5,689
15 years$12,129$10,382$8,853$7,524$6,375$4,907
16 years$11,253$9,525$8,026$6,737$5,634$4,246
17 years$10,481$8,772$7,304$6,053$4,996$3,685
18 years$9,796$8,106$6,667$5,455$4,442$3,206
19 years$9,183$7,513$6,104$4,929$3,959$2,795
20 years$8,633$6,981$5,602$4,464$3,536$2,441
21 years$8,135$6,503$5,152$4,051$3,165$2,135
22 years$7,683$6,070$4,749$3,684$2,837$1,870
23 years$7,272$5,677$4,385$3,355$2,546$1,640
24 years$6,895$5,319$4,055$3,060$2,289$1,440
25 years$6,549$4,992$3,756$2,794$2,059$1,265
26 years$6,229$4,691$3,483$2,555$1,855$1,112
27 years$5,934$4,415$3,235$2,339$1,673$979
28 years$5,661$4,160$3,007$2,143$1,509$861
29 years$5,407$3,925$2,798$1,965$1,363$759
30 years$5,170$3,707$2,606$1,803$1,231$669
31 years$4,949$3,504$2,430$1,656$1,113$589
32 years$4,743$3,315$2,267$1,522$1,007$520
33 years$4,549$3,140$2,117$1,400$911$459
34 years$4,367$2,976$1,978$1,288$825$405
35 years$4,195$2,822$1,849$1,185$747$357
36 years$4,034$2,679$1,730$1,092$677$315
37 years$3,882$2,544$1,619$1,006$614$278
38 years$3,738$2,418$1,516$927$556$246
39 years$3,602$2,299$1,421$855$505$217
40 years$3,473$2,188$1,331$789$458$192
41 years$3,350$2,082$1,248$728$415$169
42 years$3,234$1,983$1,171$671$377$150
43 years$3,123$1,890$1,099$620$342$132
44 years$3,018$1,801$1,032$572$310$117
45 years$2,918$1,718$969$529$282$103
46 years$2,822$1,639$910$488$256$91
47 years$2,731$1,564$855$451$232$81
48 years$2,643$1,493$803$417$211$71
49 years$2,560$1,425$755$385$192$63
50 years$2,480$1,362$710$356$174$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,540,000, adding $3,254 every year, while hoping to spend $40,152 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: 43/45/12 Blend
67$2,540,000$2,540,000$2,540,000$2,540,000
68$2,802,437$2,667,817$2,628,447$2,913,051
69$3,045,564$2,755,818$2,673,778$3,078,644
70$3,312,144$2,846,786$2,719,282$3,253,645
71$3,604,527$2,940,823$2,764,923$3,442,341
72$3,925,302$3,038,037$2,810,661$3,646,006
73$4,277,319$3,138,536$2,856,454$3,866,036
74$4,663,718$3,242,437$2,902,258$4,103,968
75$5,087,958$3,349,858$2,948,024$4,361,493
76$5,553,850$3,460,921$2,993,703$4,640,466
77$6,065,591$3,575,754$3,039,241$4,942,931
78$6,627,804$3,694,489$3,084,578$5,271,134
79$7,245,585$3,817,263$3,129,656$5,627,546
80$7,924,544$3,944,219$3,174,409$6,014,885
81$8,670,864$4,075,502$3,218,768$6,436,142
82$9,491,356$4,211,265$3,262,661$6,894,608
83$10,393,524$4,351,667$3,306,010$7,393,903
84$11,385,636$4,496,872$3,348,734$7,938,013
85$12,476,800$4,647,048$3,390,746$8,531,323
86$13,677,053$4,802,373$3,431,955$9,178,661
87$14,997,452$4,963,028$3,472,265$9,885,342
88$16,450,180$5,129,204$3,511,574$10,657,214
89$18,048,660$5,301,097$3,549,773$11,500,719
90$19,807,682$5,478,910$3,586,750$12,422,947
91$21,743,544$5,662,855$3,622,384$13,431,705
92$23,874,201$5,853,150$3,656,550$14,535,591
93$26,219,440$6,050,024$3,689,114$15,744,070
94$28,801,059$6,253,712$3,719,936$17,067,568
95$31,643,082$6,464,458$3,748,868$18,517,564
96$34,771,976$6,682,517$3,775,756$20,106,702
97$38,216,909$6,908,152$3,800,435$21,848,907
98$42,010,019$7,141,636$3,822,734$23,759,516
99$46,186,717$7,383,253$3,842,472$25,855,421
100$50,786,027$7,633,297$3,859,459$28,155,228