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

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$213,054$211,156$209,305$207,497$205,733$204,265
2 years$105,472$103,508$101,604$99,758$97,968$96,488
3 years$69,616$67,644$65,745$63,916$62,155$60,708
4 years$51,692$49,725$47,845$46,048$44,329$42,928
5 years$40,940$38,985$37,130$35,369$33,699$32,346
6 years$33,775$31,834$30,006$28,285$26,664$25,362
7 years$28,658$26,734$24,936$23,255$21,685$20,434
8 years$24,823$22,916$21,147$19,508$17,990$16,790
9 years$21,841$19,953$18,214$16,616$15,150$14,001
10 years$19,457$17,587$15,880$14,323$12,909$11,810
11 years$17,508$15,657$13,980$12,466$11,102$10,053
12 years$15,885$14,053$12,407$10,934$9,621$8,620
13 years$14,513$12,700$11,085$9,653$8,389$7,436
14 years$13,338$11,544$9,960$8,569$7,354$6,447
15 years$12,320$10,545$8,992$7,642$6,475$5,613
16 years$11,430$9,675$8,153$6,843$5,723$4,904
17 years$10,646$8,910$7,419$6,148$5,074$4,298
18 years$9,950$8,234$6,772$5,541$4,512$3,777
19 years$9,328$7,631$6,200$5,006$4,021$3,326
20 years$8,769$7,091$5,690$4,534$3,592$2,935
21 years$8,263$6,605$5,234$4,115$3,214$2,594
22 years$7,804$6,166$4,824$3,742$2,881$2,296
23 years$7,386$5,766$4,454$3,408$2,586$2,035
24 years$7,003$5,403$4,119$3,108$2,325$1,806
25 years$6,652$5,070$3,815$2,838$2,092$1,604
26 years$6,328$4,765$3,538$2,595$1,884$1,426
27 years$6,028$4,485$3,285$2,375$1,699$1,269
28 years$5,750$4,226$3,054$2,176$1,533$1,130
29 years$5,492$3,987$2,842$1,996$1,384$1,006
30 years$5,252$3,765$2,647$1,832$1,251$897
31 years$5,027$3,559$2,468$1,682$1,131$800
32 years$4,817$3,368$2,303$1,546$1,023$714
33 years$4,620$3,189$2,150$1,422$926$637
34 years$4,436$3,023$2,009$1,308$838$569
35 years$4,262$2,867$1,878$1,204$759$508
36 years$4,098$2,721$1,757$1,109$688$454
37 years$3,943$2,584$1,645$1,022$623$405
38 years$3,797$2,456$1,540$942$565$362
39 years$3,658$2,336$1,443$868$512$324
40 years$3,527$2,222$1,352$801$465$289
41 years$3,403$2,115$1,268$739$422$259
42 years$3,285$2,014$1,190$682$383$231
43 years$3,172$1,919$1,116$630$347$207
44 years$3,065$1,830$1,048$581$315$185
45 years$2,963$1,745$984$537$286$166
46 years$2,866$1,664$924$496$260$148
47 years$2,774$1,588$868$458$236$133
48 years$2,685$1,516$816$423$214$119
49 years$2,600$1,448$767$391$195$106
50 years$2,519$1,383$721$362$177$95

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 $3,639 every year, while hoping to spend $34,875 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: 72/11/17 Blend
67$2,580,000$2,580,000$2,580,000$2,580,000
68$2,846,914$2,710,174$2,670,184$3,040,403
69$3,100,192$2,805,865$2,722,528$3,265,056
70$3,378,136$2,905,077$2,775,457$3,506,434
71$3,683,225$3,007,945$2,828,954$3,769,875
72$4,018,189$3,114,609$2,882,999$4,057,557
73$4,386,036$3,225,217$2,937,571$4,371,882
74$4,790,081$3,339,922$2,992,649$4,715,491
75$5,233,973$3,458,882$3,048,207$5,091,297
76$5,721,735$3,582,263$3,104,218$5,502,503
77$6,257,795$3,710,238$3,160,653$5,952,640
78$6,847,036$3,842,986$3,217,481$6,445,596
79$7,494,835$3,980,693$3,274,667$6,985,653
80$8,207,115$4,123,553$3,332,175$7,577,528
81$8,990,403$4,271,770$3,389,966$8,226,415
82$9,851,891$4,425,554$3,447,996$8,938,039
83$10,799,501$4,585,123$3,506,222$9,718,701
84$11,841,963$4,750,707$3,564,593$10,575,347
85$12,988,896$4,922,544$3,623,059$11,515,627
86$14,250,895$5,100,881$3,681,563$12,547,967
87$15,639,638$5,285,975$3,740,048$13,681,652
88$17,167,990$5,478,097$3,798,448$14,926,910
89$18,850,127$5,677,526$3,856,698$16,295,009
90$20,701,668$5,884,553$3,914,726$17,798,364
91$22,739,825$6,099,483$3,972,456$19,450,652
92$24,983,561$6,322,631$4,029,807$21,266,943
93$27,453,773$6,554,329$4,086,694$23,263,839
94$30,173,485$6,794,919$4,143,026$25,459,635
95$33,168,071$7,044,760$4,198,708$27,874,486
96$36,465,487$7,304,226$4,253,637$30,530,599
97$40,096,538$7,573,704$4,307,705$33,452,443
98$44,095,171$7,853,602$4,360,800$36,666,980
99$48,498,791$8,144,342$4,412,799$40,203,916
100$53,348,617$8,446,364$4,463,577$44,095,984