Can I retire at age 68 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$211,402$209,519$207,682$205,889$204,138$200,509
2 years$104,655$102,706$100,817$98,985$97,209$93,564
3 years$69,077$67,119$65,235$63,421$61,673$58,128
4 years$51,291$49,340$47,474$45,691$43,986$40,566
5 years$40,623$38,683$36,842$35,095$33,437$30,154
6 years$33,513$31,588$29,774$28,066$26,458$23,314
7 years$28,436$26,527$24,742$23,074$21,517$18,514
8 years$24,630$22,739$20,983$19,357$17,851$14,987
9 years$21,672$19,798$18,073$16,488$15,033$12,307
10 years$19,307$17,451$15,756$14,212$12,809$10,219
11 years$17,373$15,536$13,872$12,369$11,016$8,559
12 years$15,762$13,944$12,311$10,849$9,546$7,218
13 years$14,400$12,601$10,999$9,578$8,324$6,122
14 years$13,234$11,454$9,883$8,503$7,297$5,217
15 years$12,224$10,464$8,923$7,583$6,425$4,463
16 years$11,342$9,600$8,090$6,790$5,678$3,830
17 years$10,564$8,841$7,361$6,100$5,035$3,296
18 years$9,873$8,170$6,720$5,498$4,477$2,842
19 years$9,256$7,572$6,152$4,968$3,990$2,456
20 years$8,701$7,036$5,646$4,499$3,564$2,126
21 years$8,199$6,554$5,193$4,083$3,190$1,843
22 years$7,744$6,118$4,786$3,713$2,859$1,600
23 years$7,329$5,722$4,419$3,381$2,566$1,390
24 years$6,949$5,361$4,087$3,084$2,307$1,209
25 years$6,600$5,031$3,785$2,816$2,076$1,052
26 years$6,278$4,728$3,511$2,575$1,870$916
27 years$5,981$4,450$3,260$2,357$1,686$798
28 years$5,706$4,193$3,031$2,160$1,521$696
29 years$5,450$3,956$2,820$1,980$1,373$607
30 years$5,211$3,736$2,627$1,817$1,241$530
31 years$4,988$3,532$2,449$1,669$1,122$462
32 years$4,780$3,342$2,285$1,534$1,015$404
33 years$4,585$3,164$2,134$1,411$918$353
34 years$4,401$2,999$1,993$1,298$832$308
35 years$4,229$2,845$1,864$1,195$753$269
36 years$4,066$2,700$1,743$1,100$682$235
37 years$3,912$2,564$1,632$1,014$619$206
38 years$3,767$2,437$1,528$935$561$180
39 years$3,630$2,317$1,432$862$509$157
40 years$3,500$2,205$1,342$795$461$137
41 years$3,376$2,099$1,258$733$418$120
42 years$3,259$1,999$1,180$677$380$105
43 years$3,148$1,905$1,108$625$345$92
44 years$3,042$1,815$1,040$577$313$80
45 years$2,941$1,731$976$533$284$70
46 years$2,844$1,651$917$492$258$61
47 years$2,752$1,576$861$455$234$54
48 years$2,664$1,504$809$420$213$47
49 years$2,580$1,437$761$388$193$41
50 years$2,499$1,372$715$359$175$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,560,000, adding $4,256 every year, while hoping to spend $31,408 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: 64/28/8 Blend
67$2,560,000$2,560,000$2,560,000$2,560,000
68$2,825,510$2,689,830$2,650,150$3,001,588
69$3,080,294$2,788,214$2,705,512$3,217,845
70$3,360,014$2,890,366$2,761,676$3,449,860
71$3,667,179$2,996,437$2,818,636$3,702,450
72$4,004,555$3,106,586$2,876,384$3,977,614
73$4,375,187$3,220,977$2,934,911$4,277,546
74$4,782,433$3,339,782$2,994,207$4,604,664
75$5,229,989$3,463,179$3,054,261$4,961,625
76$5,721,927$3,591,354$3,115,058$5,351,358
77$6,262,735$3,724,502$3,176,584$5,777,081
78$6,857,357$3,862,825$3,238,822$6,242,340
79$7,511,238$4,006,534$3,301,753$6,751,036
80$8,230,379$4,155,850$3,365,357$7,307,465
81$9,021,393$4,311,001$3,429,612$7,916,356
82$9,891,562$4,472,228$3,494,491$8,582,913
83$10,848,914$4,639,779$3,559,969$9,312,870
84$11,902,290$4,813,915$3,626,015$10,112,536
85$13,061,435$4,994,908$3,692,597$10,988,860
86$14,337,083$5,183,040$3,759,681$11,949,495
87$15,741,064$5,378,607$3,827,228$13,002,867
88$17,286,411$5,581,918$3,895,199$14,158,256
89$18,987,486$5,793,293$3,963,550$15,425,882
90$20,860,113$6,013,068$4,032,232$16,816,999
91$22,921,729$6,241,593$4,101,197$18,344,005
92$25,191,548$6,479,233$4,170,389$20,020,554
93$27,690,740$6,726,369$4,239,751$21,861,683
94$30,442,633$6,983,400$4,309,220$23,883,958
95$33,472,934$7,250,738$4,378,732$26,105,625
96$36,809,968$7,528,819$4,448,214$28,546,783
97$40,484,947$7,818,094$4,517,591$31,229,573
98$44,532,266$8,119,034$4,586,785$34,178,384
99$48,989,823$8,432,133$4,655,708$37,420,084
100$53,899,382$8,757,905$4,724,272$40,984,270