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%12.6%
1 years$210,577$208,701$206,871$205,085$203,341$201,133
2 years$104,246$102,304$100,423$98,598$96,829$94,606
3 years$68,807$66,857$64,980$63,173$61,432$59,264
4 years$51,091$49,147$47,289$45,513$43,814$41,716
5 years$40,464$38,532$36,698$34,958$33,307$31,285
6 years$33,382$31,464$29,658$27,956$26,354$24,412
7 years$28,325$26,424$24,646$22,984$21,433$19,571
8 years$24,534$22,650$20,901$19,281$17,781$15,998
9 years$21,587$19,721$18,002$16,423$14,974$13,271
10 years$19,231$17,383$15,695$14,157$12,759$11,133
11 years$17,305$15,475$13,818$12,321$10,973$9,424
12 years$15,701$13,889$12,263$10,807$9,509$8,035
13 years$14,344$12,552$10,956$9,541$8,292$6,892
14 years$13,183$11,409$9,844$8,469$7,269$5,940
15 years$12,177$10,423$8,888$7,553$6,400$5,140
16 years$11,297$9,563$8,058$6,763$5,656$4,464
17 years$10,522$8,807$7,332$6,077$5,015$3,888
18 years$9,834$8,138$6,694$5,476$4,459$3,394
19 years$9,219$7,542$6,128$4,948$3,975$2,970
20 years$8,667$7,009$5,624$4,482$3,550$2,603
21 years$8,167$6,528$5,173$4,067$3,177$2,286
22 years$7,714$6,094$4,767$3,698$2,848$2,010
23 years$7,300$5,699$4,402$3,368$2,556$1,769
24 years$6,922$5,340$4,071$3,072$2,298$1,559
25 years$6,574$5,011$3,771$2,805$2,068$1,375
26 years$6,254$4,710$3,497$2,565$1,862$1,214
27 years$5,958$4,433$3,247$2,348$1,679$1,072
28 years$5,683$4,177$3,019$2,151$1,515$948
29 years$5,428$3,940$2,809$1,973$1,368$838
30 years$5,191$3,721$2,617$1,810$1,236$742
31 years$4,969$3,518$2,439$1,663$1,118$657
32 years$4,761$3,328$2,276$1,528$1,011$581
33 years$4,567$3,152$2,125$1,405$915$515
34 years$4,384$2,988$1,986$1,293$828$456
35 years$4,212$2,834$1,856$1,190$750$404
36 years$4,050$2,690$1,737$1,096$680$359
37 years$3,897$2,554$1,625$1,010$616$318
38 years$3,753$2,428$1,522$931$559$282
39 years$3,616$2,308$1,426$858$507$250
40 years$3,486$2,196$1,337$792$459$222
41 years$3,363$2,091$1,253$730$417$197
42 years$3,247$1,991$1,176$674$378$175
43 years$3,135$1,897$1,103$622$343$155
44 years$3,030$1,808$1,036$575$312$138
45 years$2,929$1,724$972$531$283$122
46 years$2,833$1,645$913$490$257$108
47 years$2,741$1,570$858$453$233$96
48 years$2,654$1,499$806$418$212$85
49 years$2,570$1,431$758$387$192$76
50 years$2,490$1,367$713$357$175$67

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 $5,523 every year, while hoping to spend $56,044 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: 51/41/8 Blend
67$2,550,000$2,550,000$2,550,000$2,550,000
68$2,815,797$2,680,647$2,641,122$2,953,396
69$3,043,378$2,752,368$2,669,969$3,119,418
70$3,292,294$2,825,726$2,697,904$3,293,314
71$3,564,661$2,900,740$2,724,838$3,481,025
72$3,862,812$2,977,431$2,750,675$3,683,861
73$4,189,313$3,055,819$2,775,316$3,903,267
74$4,546,990$3,135,921$2,798,657$4,140,828
75$4,938,956$3,217,755$2,820,586$4,398,295
76$5,368,641$3,301,337$2,840,986$4,677,589
77$5,839,820$3,386,680$2,859,737$4,980,831
78$6,356,652$3,473,797$2,876,708$5,310,353
79$6,923,717$3,562,700$2,891,765$5,668,722
80$7,546,062$3,653,398$2,904,765$6,058,767
81$8,229,244$3,745,898$2,915,558$6,483,602
82$8,979,385$3,840,206$2,923,988$6,946,658
83$9,803,230$3,936,323$2,929,888$7,451,712
84$10,708,207$4,034,250$2,933,087$8,002,926
85$11,702,501$4,133,985$2,933,402$8,604,884
86$12,795,127$4,235,522$2,930,643$9,262,634
87$13,996,019$4,338,851$2,924,608$9,981,740
88$15,316,119$4,443,961$2,915,089$10,768,328
89$16,767,483$4,550,836$2,901,864$11,629,149
90$18,363,394$4,659,454$2,884,704$12,571,641
91$20,118,485$4,769,792$2,863,367$13,603,998
92$22,048,879$4,881,821$2,837,598$14,735,247
93$24,172,340$4,995,505$2,807,133$15,975,337
94$26,508,440$5,110,806$2,771,693$17,335,228
95$29,078,744$5,227,678$2,730,988$18,826,995
96$31,907,012$5,346,070$2,684,711$20,463,945
97$35,019,423$5,465,924$2,632,545$22,260,742
98$38,444,824$5,587,174$2,574,155$24,233,541
99$42,214,998$5,709,748$2,509,192$26,400,147
100$46,364,968$5,833,565$2,437,290$28,780,177