Can I retire at age 68 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$213,054$211,156$209,305$207,497$205,733$204,180
2 years$105,472$103,508$101,604$99,758$97,968$96,402
3 years$69,616$67,644$65,745$63,916$62,155$60,625
4 years$51,692$49,725$47,845$46,048$44,329$42,847
5 years$40,940$38,985$37,130$35,369$33,699$32,268
6 years$33,775$31,834$30,006$28,285$26,664$25,288
7 years$28,658$26,734$24,936$23,255$21,685$20,363
8 years$24,823$22,916$21,147$19,508$17,990$16,722
9 years$21,841$19,953$18,214$16,616$15,150$13,936
10 years$19,457$17,587$15,880$14,323$12,909$11,748
11 years$17,508$15,657$13,980$12,466$11,102$9,994
12 years$15,885$14,053$12,407$10,934$9,621$8,564
13 years$14,513$12,700$11,085$9,653$8,389$7,383
14 years$13,338$11,544$9,960$8,569$7,354$6,397
15 years$12,320$10,545$8,992$7,642$6,475$5,566
16 years$11,430$9,675$8,153$6,843$5,723$4,860
17 years$10,646$8,910$7,419$6,148$5,074$4,256
18 years$9,950$8,234$6,772$5,541$4,512$3,737
19 years$9,328$7,631$6,200$5,006$4,021$3,289
20 years$8,769$7,091$5,690$4,534$3,592$2,900
21 years$8,263$6,605$5,234$4,115$3,214$2,562
22 years$7,804$6,166$4,824$3,742$2,881$2,266
23 years$7,386$5,766$4,454$3,408$2,586$2,007
24 years$7,003$5,403$4,119$3,108$2,325$1,779
25 years$6,652$5,070$3,815$2,838$2,092$1,579
26 years$6,328$4,765$3,538$2,595$1,884$1,403
27 years$6,028$4,485$3,285$2,375$1,699$1,247
28 years$5,750$4,226$3,054$2,176$1,533$1,109
29 years$5,492$3,987$2,842$1,996$1,384$987
30 years$5,252$3,765$2,647$1,832$1,251$879
31 years$5,027$3,559$2,468$1,682$1,131$784
32 years$4,817$3,368$2,303$1,546$1,023$699
33 years$4,620$3,189$2,150$1,422$926$623
34 years$4,436$3,023$2,009$1,308$838$556
35 years$4,262$2,867$1,878$1,204$759$496
36 years$4,098$2,721$1,757$1,109$688$442
37 years$3,943$2,584$1,645$1,022$623$395
38 years$3,797$2,456$1,540$942$565$353
39 years$3,658$2,336$1,443$868$512$315
40 years$3,527$2,222$1,352$801$465$281
41 years$3,403$2,115$1,268$739$422$251
42 years$3,285$2,014$1,190$682$383$225
43 years$3,172$1,919$1,116$630$347$201
44 years$3,065$1,830$1,048$581$315$179
45 years$2,963$1,745$984$537$286$160
46 years$2,866$1,664$924$496$260$143
47 years$2,774$1,588$868$458$236$128
48 years$2,685$1,516$816$423$214$114
49 years$2,600$1,448$767$391$195$102
50 years$2,519$1,383$721$362$177$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,580,000, adding $3,305 every year, while hoping to spend $28,027 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: 45/30/25 Blend
67$2,580,000$2,580,000$2,580,000$2,580,000
68$2,846,569$2,709,829$2,669,839$2,953,981
69$3,107,099$2,812,790$2,729,458$3,133,276
70$3,393,263$2,919,857$2,790,135$3,324,621
71$3,707,647$3,031,201$2,851,876$3,531,583
72$4,053,099$3,147,002$2,914,686$3,755,632
73$4,432,755$3,267,446$2,978,568$3,998,385
74$4,850,074$3,392,728$3,043,528$4,261,617
75$5,308,862$3,523,052$3,109,566$4,547,281
76$5,813,315$3,658,631$3,176,686$4,857,526
77$6,368,055$3,799,686$3,244,887$5,194,713
78$6,978,175$3,946,448$3,314,169$5,561,441
79$7,649,285$4,099,160$3,384,529$5,960,569
80$8,387,567$4,258,075$3,455,967$6,395,239
81$9,199,833$4,423,454$3,528,475$6,868,912
82$10,093,587$4,595,575$3,602,051$7,385,395
83$11,077,098$4,774,723$3,676,685$7,948,877
84$12,159,478$4,961,200$3,752,369$8,563,968
85$13,350,764$5,155,319$3,829,093$9,235,743
86$14,662,019$5,357,406$3,906,844$9,969,786
87$16,105,430$5,567,804$3,985,609$10,772,247
88$17,694,427$5,786,870$4,065,370$11,649,892
89$19,443,809$6,014,977$4,146,110$12,610,174
90$21,369,881$6,252,514$4,227,808$13,661,295
91$23,490,611$6,499,889$4,310,442$14,812,289
92$25,825,796$6,757,527$4,393,985$16,073,100
93$28,397,254$7,025,873$4,478,410$17,454,679
94$31,229,023$7,305,389$4,563,686$18,969,087
95$34,347,593$7,596,563$4,649,779$20,629,603
96$37,782,153$7,899,900$4,736,652$22,450,853
97$41,564,868$8,215,930$4,824,265$24,448,942
98$45,731,181$8,545,208$4,912,575$26,641,612
99$50,320,149$8,888,311$5,001,534$29,048,400
100$55,374,811$9,245,844$5,091,091$31,690,826