Can I retire at age 68 with 2,550,000?

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 $2,550,000?

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$210,577$208,701$206,871$205,085$203,341$198,910
2 years$104,246$102,304$100,423$98,598$96,829$92,387
3 years$68,807$66,857$64,980$63,173$61,432$57,118
4 years$51,091$49,147$47,289$45,513$43,814$39,661
5 years$40,464$38,532$36,698$34,958$33,307$29,327
6 years$33,382$31,464$29,658$27,956$26,354$22,551
7 years$28,325$26,424$24,646$22,984$21,433$17,808
8 years$24,534$22,650$20,901$19,281$17,781$14,332
9 years$21,587$19,721$18,002$16,423$14,974$11,699
10 years$19,231$17,383$15,695$14,157$12,759$9,654
11 years$17,305$15,475$13,818$12,321$10,973$8,035
12 years$15,701$13,889$12,263$10,807$9,509$6,733
13 years$14,344$12,552$10,956$9,541$8,292$5,673
14 years$13,183$11,409$9,844$8,469$7,269$4,801
15 years$12,177$10,423$8,888$7,553$6,400$4,079
16 years$11,297$9,563$8,058$6,763$5,656$3,476
17 years$10,522$8,807$7,332$6,077$5,015$2,970
18 years$9,834$8,138$6,694$5,476$4,459$2,543
19 years$9,219$7,542$6,128$4,948$3,975$2,181
20 years$8,667$7,009$5,624$4,482$3,550$1,874
21 years$8,167$6,528$5,173$4,067$3,177$1,612
22 years$7,714$6,094$4,767$3,698$2,848$1,388
23 years$7,300$5,699$4,402$3,368$2,556$1,197
24 years$6,922$5,340$4,071$3,072$2,298$1,033
25 years$6,574$5,011$3,771$2,805$2,068$892
26 years$6,254$4,710$3,497$2,565$1,862$770
27 years$5,958$4,433$3,247$2,348$1,679$666
28 years$5,683$4,177$3,019$2,151$1,515$576
29 years$5,428$3,940$2,809$1,973$1,368$498
30 years$5,191$3,721$2,617$1,810$1,236$431
31 years$4,969$3,518$2,439$1,663$1,118$373
32 years$4,761$3,328$2,276$1,528$1,011$323
33 years$4,567$3,152$2,125$1,405$915$280
34 years$4,384$2,988$1,986$1,293$828$242
35 years$4,212$2,834$1,856$1,190$750$210
36 years$4,050$2,690$1,737$1,096$680$182
37 years$3,897$2,554$1,625$1,010$616$158
38 years$3,753$2,428$1,522$931$559$137
39 years$3,616$2,308$1,426$858$507$118
40 years$3,486$2,196$1,337$792$459$103
41 years$3,363$2,091$1,253$730$417$89
42 years$3,247$1,991$1,176$674$378$77
43 years$3,135$1,897$1,103$622$343$67
44 years$3,030$1,808$1,036$575$312$58
45 years$2,929$1,724$972$531$283$50
46 years$2,833$1,645$913$490$257$44
47 years$2,741$1,570$858$453$233$38
48 years$2,654$1,499$806$418$212$33
49 years$2,570$1,431$758$387$192$28
50 years$2,490$1,367$713$357$175$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,550,000, adding $4,710 every year, while hoping to spend $53,090 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: 33/38/29 Blend
67$2,550,000$2,550,000$2,550,000$2,550,000
68$2,814,958$2,679,808$2,640,283$2,882,944
69$3,045,597$2,754,632$2,672,246$3,010,027
70$3,297,981$2,831,342$2,703,499$3,141,865
71$3,574,273$2,909,976$2,733,964$3,282,931
72$3,876,853$2,990,569$2,763,557$3,434,080
73$4,208,344$3,073,159$2,792,188$3,596,254
74$4,571,633$3,157,781$2,819,763$3,770,489
75$4,969,899$3,244,472$2,846,185$3,957,927
76$5,406,645$3,333,267$2,871,349$4,159,825
77$5,885,729$3,424,203$2,895,144$4,377,566
78$6,411,398$3,517,314$2,917,457$4,612,676
79$6,988,334$3,612,635$2,938,165$4,866,833
80$7,621,690$3,710,201$2,957,140$5,141,889
81$8,317,146$3,810,045$2,974,248$5,439,881
82$9,080,957$3,912,199$2,989,347$5,763,055
83$9,920,014$4,016,696$3,002,289$6,113,885
84$10,841,908$4,123,567$3,012,918$6,495,098
85$11,855,002$4,232,840$3,021,070$6,909,697
86$12,968,508$4,344,546$3,026,573$7,360,993
87$14,192,578$4,458,710$3,029,245$7,852,634
88$15,538,393$4,575,359$3,028,896$8,388,640
89$17,018,274$4,694,517$3,025,329$8,973,442
90$18,645,793$4,816,204$3,018,333$9,611,921
91$20,435,907$4,940,441$3,007,691$10,309,459
92$22,405,093$5,067,245$2,993,171$11,071,986
93$24,571,504$5,196,632$2,974,534$11,906,039
94$26,955,143$5,328,613$2,951,527$12,818,820
95$29,578,050$5,463,197$2,923,885$13,818,269
96$32,464,508$5,600,391$2,891,332$14,913,137
97$35,641,274$5,740,196$2,853,578$16,113,068
98$39,137,830$5,882,612$2,810,319$17,428,693
99$42,986,660$6,027,631$2,761,236$18,871,727
100$47,223,560$6,175,246$2,705,998$20,455,084