Can I retire at age 68 with 2,590,000?

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 $2,590,000?

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$213,880$211,975$210,116$208,302$206,530$205,057
2 years$105,881$103,909$101,998$100,145$98,348$96,862
3 years$69,886$67,906$65,999$64,164$62,396$60,944
4 years$51,892$49,918$48,031$46,226$44,501$43,094
5 years$41,099$39,136$37,274$35,506$33,829$32,471
6 years$33,905$31,958$30,123$28,395$26,768$25,460
7 years$28,769$26,838$25,032$23,345$21,769$20,513
8 years$24,919$23,005$21,229$19,583$18,060$16,855
9 years$21,926$20,030$18,285$16,681$15,209$14,055
10 years$19,533$17,656$15,941$14,379$12,959$11,856
11 years$17,576$15,718$14,034$12,514$11,145$10,091
12 years$15,947$14,107$12,455$10,976$9,658$8,653
13 years$14,569$12,749$11,128$9,691$8,422$7,465
14 years$13,389$11,588$9,998$8,602$7,383$6,472
15 years$12,368$10,586$9,027$7,672$6,500$5,635
16 years$11,475$9,713$8,184$6,869$5,745$4,924
17 years$10,688$8,945$7,448$6,172$5,094$4,315
18 years$9,989$8,266$6,799$5,562$4,529$3,792
19 years$9,364$7,660$6,224$5,026$4,037$3,339
20 years$8,803$7,118$5,712$4,552$3,606$2,946
21 years$8,295$6,631$5,254$4,131$3,227$2,604
22 years$7,835$6,189$4,842$3,756$2,892$2,305
23 years$7,415$5,789$4,471$3,421$2,596$2,043
24 years$7,030$5,424$4,135$3,120$2,334$1,813
25 years$6,677$5,090$3,830$2,849$2,100$1,610
26 years$6,352$4,784$3,552$2,605$1,892$1,432
27 years$6,051$4,502$3,298$2,385$1,705$1,274
28 years$5,773$4,242$3,066$2,185$1,539$1,134
29 years$5,513$4,002$2,853$2,004$1,390$1,010
30 years$5,272$3,780$2,658$1,839$1,256$900
31 years$5,047$3,573$2,478$1,689$1,135$803
32 years$4,836$3,381$2,312$1,552$1,027$716
33 years$4,638$3,202$2,159$1,427$929$639
34 years$4,453$3,034$2,017$1,313$841$571
35 years$4,278$2,878$1,886$1,209$762$510
36 years$4,114$2,732$1,764$1,113$690$455
37 years$3,958$2,594$1,651$1,026$626$407
38 years$3,811$2,466$1,546$945$567$364
39 years$3,673$2,345$1,448$872$514$325
40 years$3,541$2,231$1,358$804$467$291
41 years$3,416$2,123$1,273$742$423$260
42 years$3,297$2,022$1,194$685$384$232
43 years$3,185$1,927$1,121$632$349$208
44 years$3,077$1,837$1,052$584$316$186
45 years$2,975$1,751$988$539$287$166
46 years$2,877$1,671$928$498$261$149
47 years$2,784$1,594$871$460$237$133
48 years$2,695$1,522$819$425$215$119
49 years$2,610$1,454$770$393$195$107
50 years$2,529$1,388$724$363$177$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,590,000, adding $3,709 every year, while hoping to spend $23,154 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: 48/31/21 Blend
67$2,590,000$2,590,000$2,590,000$2,590,000
68$2,858,006$2,720,736$2,680,591$2,978,037
69$3,124,887$2,829,416$2,745,755$3,170,717
70$3,418,214$2,942,646$2,812,326$3,377,199
71$3,740,659$3,060,623$2,880,327$3,600,941
72$4,095,168$3,183,556$2,949,780$3,843,571
73$4,484,986$3,311,661$3,020,708$4,106,882
74$4,913,687$3,445,164$3,093,134$4,392,843
75$5,385,208$3,584,303$3,167,079$4,703,619
76$5,903,891$3,729,325$3,242,567$5,041,591
77$6,474,514$3,880,488$3,319,620$5,409,376
78$7,102,347$4,038,065$3,398,260$5,809,855
79$7,793,193$4,202,336$3,478,508$6,246,194
80$8,553,447$4,373,599$3,560,386$6,721,877
81$9,390,155$4,552,162$3,643,916$7,240,736
82$10,311,081$4,738,349$3,729,118$7,806,987
83$11,324,781$4,932,497$3,816,012$8,425,270
84$12,440,680$5,134,961$3,904,620$9,100,692
85$13,669,165$5,346,109$3,994,961$9,838,870
86$15,021,681$5,566,330$4,087,053$10,645,988
87$16,510,839$5,796,026$4,180,915$11,528,853
88$18,150,535$6,035,622$4,276,566$12,494,956
89$19,956,080$6,285,558$4,374,022$13,552,546
90$21,944,349$6,546,299$4,473,300$14,710,700
91$24,133,932$6,818,327$4,574,416$15,979,414
92$26,545,317$7,102,150$4,677,383$17,369,694
93$29,201,081$7,398,296$4,782,216$18,893,655
94$32,126,098$7,707,320$4,888,928$20,564,640
95$35,347,782$8,029,800$4,997,529$22,397,340
96$38,896,340$8,366,345$5,108,030$24,407,933
97$42,805,058$8,717,587$5,220,440$26,614,233
98$47,110,616$9,084,190$5,334,767$29,035,861
99$51,853,433$9,466,850$5,451,016$31,694,425
100$57,078,050$9,866,292$5,569,192$34,613,721