Can I retire at age 68 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$214,706$212,793$210,927$209,106$207,328$200,131
2 years$106,290$104,310$102,392$100,532$98,727$91,551
3 years$70,156$68,168$66,254$64,412$62,637$55,706
4 years$52,093$50,111$48,216$46,405$44,673$38,042
5 years$41,257$39,287$37,418$35,643$33,960$27,645
6 years$34,036$32,081$30,239$28,504$26,871$20,878
7 years$28,880$26,942$25,129$23,435$21,853$16,180
8 years$25,015$23,094$21,311$19,659$18,130$12,772
9 years$22,011$20,107$18,355$16,745$15,268$10,219
10 years$19,608$17,724$16,003$14,434$13,009$8,261
11 years$17,644$15,778$14,088$12,562$11,188$6,731
12 years$16,008$14,162$12,503$11,019$9,695$5,519
13 years$14,625$12,798$11,171$9,728$8,455$4,548
14 years$13,441$11,633$10,037$8,635$7,411$3,762
15 years$12,415$10,627$9,062$7,701$6,525$3,123
16 years$11,519$9,750$8,216$6,896$5,767$2,599
17 years$10,729$8,980$7,476$6,196$5,114$2,168
18 years$10,027$8,298$6,825$5,584$4,547$1,811
19 years$9,400$7,690$6,248$5,045$4,053$1,515
20 years$8,837$7,146$5,734$4,569$3,620$1,270
21 years$8,327$6,656$5,274$4,147$3,239$1,065
22 years$7,865$6,213$4,861$3,771$2,904$894
23 years$7,443$5,811$4,488$3,434$2,606$751
24 years$7,058$5,445$4,151$3,132$2,343$631
25 years$6,703$5,110$3,845$2,860$2,108$531
26 years$6,377$4,802$3,566$2,615$1,899$446
27 years$6,075$4,519$3,311$2,394$1,712$376
28 years$5,795$4,259$3,078$2,193$1,545$316
29 years$5,535$4,018$2,864$2,011$1,395$266
30 years$5,292$3,794$2,668$1,846$1,260$224
31 years$5,066$3,587$2,487$1,695$1,140$189
32 years$4,855$3,394$2,321$1,558$1,031$159
33 years$4,656$3,214$2,167$1,433$933$134
34 years$4,470$3,046$2,025$1,318$845$113
35 years$4,295$2,889$1,893$1,213$765$95
36 years$4,129$2,742$1,771$1,118$693$80
37 years$3,974$2,604$1,657$1,030$628$68
38 years$3,826$2,475$1,552$949$570$57
39 years$3,687$2,354$1,454$875$516$48
40 years$3,555$2,239$1,363$807$468$41
41 years$3,429$2,132$1,278$745$425$34
42 years$3,310$2,030$1,199$687$386$29
43 years$3,197$1,934$1,125$634$350$24
44 years$3,089$1,844$1,056$586$318$20
45 years$2,986$1,758$991$541$288$17
46 years$2,889$1,677$931$500$262$15
47 years$2,795$1,601$875$462$238$12
48 years$2,706$1,528$822$427$216$10
49 years$2,620$1,459$773$394$196$9
50 years$2,539$1,394$726$364$178$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,600,000, adding $5,651 every year, while hoping to spend $22,710 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: 70/18/12 Blend
67$2,600,000$2,600,000$2,600,000$2,600,000
68$2,871,029$2,733,229$2,692,929$3,064,286
69$3,139,711$2,842,994$2,758,979$3,302,991
70$3,435,037$2,957,376$2,826,480$3,560,839
71$3,759,701$3,076,578$2,895,458$3,842,413
72$4,116,671$3,200,811$2,965,936$4,150,047
73$4,509,217$3,330,296$3,037,940$4,486,306
74$4,940,941$3,465,264$3,111,495$4,854,017
75$5,415,811$3,605,957$3,186,625$5,256,291
76$5,938,202$3,752,627$3,263,355$5,696,550
77$6,512,931$3,905,538$3,341,709$6,178,566
78$7,145,307$4,064,966$3,421,713$6,706,488
79$7,841,178$4,231,200$3,503,391$7,284,886
80$8,606,991$4,404,541$3,586,768$7,918,793
81$9,449,846$4,585,306$3,671,866$8,613,747
82$10,377,569$4,773,824$3,758,712$9,375,851
83$11,398,779$4,970,440$3,847,327$10,211,824
84$12,522,978$5,175,515$3,937,736$11,129,065
85$13,760,634$5,389,427$4,029,962$12,135,724
86$15,123,280$5,612,570$4,124,027$13,240,774
87$16,623,626$5,845,358$4,219,954$14,454,102
88$18,275,678$6,088,222$4,317,764$15,786,594
89$20,094,866$6,341,614$4,417,479$17,250,244
90$22,098,197$6,606,008$4,519,119$18,858,261
91$24,304,408$6,881,897$4,622,704$20,625,195
92$26,734,146$7,169,798$4,728,253$22,567,073
93$29,410,164$7,470,253$4,835,784$24,701,552
94$32,357,533$7,783,829$4,945,316$27,048,082
95$35,603,882$8,111,117$5,056,865$29,628,087
96$39,179,654$8,452,737$5,170,445$32,465,172
97$43,118,395$8,809,338$5,286,072$35,585,339
98$47,457,075$9,181,599$5,403,758$39,017,235
99$52,236,429$9,570,229$5,523,517$42,792,419
100$57,501,347$9,975,973$5,645,357$46,945,663