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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.7%
1 years$210,577$208,701$206,871$205,085$203,341$201,890
2 years$104,246$102,304$100,423$98,598$96,829$95,366
3 years$68,807$66,857$64,980$63,173$61,432$60,003
4 years$51,091$49,147$47,289$45,513$43,814$42,428
5 years$40,464$38,532$36,698$34,958$33,307$31,969
6 years$33,382$31,464$29,658$27,956$26,354$25,067
7 years$28,325$26,424$24,646$22,984$21,433$20,197
8 years$24,534$22,650$20,901$19,281$17,781$16,595
9 years$21,587$19,721$18,002$16,423$14,974$13,838
10 years$19,231$17,383$15,695$14,157$12,759$11,673
11 years$17,305$15,475$13,818$12,321$10,973$9,936
12 years$15,701$13,889$12,263$10,807$9,509$8,520
13 years$14,344$12,552$10,956$9,541$8,292$7,350
14 years$13,183$11,409$9,844$8,469$7,269$6,372
15 years$12,177$10,423$8,888$7,553$6,400$5,548
16 years$11,297$9,563$8,058$6,763$5,656$4,847
17 years$10,522$8,807$7,332$6,077$5,015$4,248
18 years$9,834$8,138$6,694$5,476$4,459$3,733
19 years$9,219$7,542$6,128$4,948$3,975$3,288
20 years$8,667$7,009$5,624$4,482$3,550$2,901
21 years$8,167$6,528$5,173$4,067$3,177$2,564
22 years$7,714$6,094$4,767$3,698$2,848$2,270
23 years$7,300$5,699$4,402$3,368$2,556$2,012
24 years$6,922$5,340$4,071$3,072$2,298$1,785
25 years$6,574$5,011$3,771$2,805$2,068$1,586
26 years$6,254$4,710$3,497$2,565$1,862$1,410
27 years$5,958$4,433$3,247$2,348$1,679$1,254
28 years$5,683$4,177$3,019$2,151$1,515$1,117
29 years$5,428$3,940$2,809$1,973$1,368$995
30 years$5,191$3,721$2,617$1,810$1,236$887
31 years$4,969$3,518$2,439$1,663$1,118$791
32 years$4,761$3,328$2,276$1,528$1,011$705
33 years$4,567$3,152$2,125$1,405$915$629
34 years$4,384$2,988$1,986$1,293$828$562
35 years$4,212$2,834$1,856$1,190$750$502
36 years$4,050$2,690$1,737$1,096$680$448
37 years$3,897$2,554$1,625$1,010$616$401
38 years$3,753$2,428$1,522$931$559$358
39 years$3,616$2,308$1,426$858$507$320
40 years$3,486$2,196$1,337$792$459$286
41 years$3,363$2,091$1,253$730$417$256
42 years$3,247$1,991$1,176$674$378$229
43 years$3,135$1,897$1,103$622$343$205
44 years$3,030$1,808$1,036$575$312$183
45 years$2,929$1,724$972$531$283$164
46 years$2,833$1,645$913$490$257$146
47 years$2,741$1,570$858$453$233$131
48 years$2,654$1,499$806$418$212$117
49 years$2,570$1,431$758$387$192$105
50 years$2,490$1,367$713$357$175$94

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 $5,896 every year, while hoping to spend $41,035 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: 76/16/8 Blend
67$2,550,000$2,550,000$2,550,000$2,550,000
68$2,816,182$2,681,032$2,641,507$3,026,457
69$3,059,771$2,768,741$2,686,336$3,253,275
70$3,326,832$2,859,373$2,731,292$3,495,994
71$3,619,714$2,953,028$2,776,336$3,760,856
72$3,941,006$3,049,808$2,821,425$4,050,046
73$4,293,561$3,149,821$2,866,515$4,365,964
74$4,680,520$3,253,178$2,911,558$4,711,259
75$5,105,342$3,359,993$2,956,505$5,088,841
76$5,571,840$3,470,385$3,001,301$5,501,920
77$6,084,212$3,584,478$3,045,888$5,954,028
78$6,647,083$3,702,399$3,090,207$6,449,055
79$7,265,548$3,824,280$3,134,192$6,991,286
80$7,945,222$3,950,257$3,177,775$7,585,439
81$8,692,288$4,080,473$3,220,884$8,236,712
82$9,513,560$4,215,074$3,263,442$8,950,828
83$10,416,542$4,354,212$3,305,367$9,734,095
84$11,409,506$4,498,045$3,346,573$10,593,457
85$12,501,562$4,646,736$3,386,970$11,536,565
86$13,702,749$4,800,454$3,426,461$12,571,847
87$15,024,127$4,959,373$3,464,945$13,708,587
88$16,477,882$5,123,677$3,502,314$14,957,014
89$18,077,441$5,293,551$3,538,456$16,328,395
90$19,837,597$5,469,193$3,573,252$17,835,143
91$21,774,651$5,650,803$3,606,575$19,490,933
92$23,906,564$5,838,590$3,638,294$21,310,833
93$26,253,125$6,032,773$3,668,269$23,311,442
94$28,836,141$6,233,576$3,696,352$25,511,049
95$31,679,637$6,441,231$3,722,391$27,929,803
96$34,810,090$6,655,981$3,746,221$30,589,905
97$38,256,672$6,878,077$3,767,672$33,515,816
98$42,051,528$7,107,778$3,786,564$36,734,487
99$46,230,078$7,345,353$3,802,708$40,275,613
100$50,831,353$7,591,083$3,815,906$44,171,915