Can I retire at age 68 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$217,183$215,248$213,361$211,519$209,720$206,586
2 years$107,516$105,514$103,573$101,692$99,867$96,716
3 years$70,966$68,955$67,019$65,155$63,359$60,291
4 years$52,694$50,689$48,773$46,940$45,189$42,225
5 years$41,734$39,741$37,849$36,055$34,352$31,502
6 years$34,429$32,451$30,588$28,833$27,181$24,449
7 years$29,214$27,253$25,419$23,705$22,106$19,491
8 years$25,304$23,360$21,557$19,886$18,339$15,842
9 years$22,265$20,339$18,567$16,938$15,444$13,064
10 years$19,835$17,928$16,187$14,601$13,159$10,893
11 years$17,848$15,960$14,251$12,707$11,317$9,164
12 years$16,193$14,325$12,647$11,146$9,807$7,764
13 years$14,794$12,946$11,300$9,840$8,552$6,615
14 years$13,596$11,767$10,153$8,735$7,497$5,664
15 years$12,559$10,750$9,167$7,790$6,601$4,868
16 years$11,652$9,863$8,311$6,975$5,834$4,198
17 years$10,853$9,083$7,563$6,267$5,173$3,631
18 years$10,143$8,393$6,904$5,648$4,599$3,147
19 years$9,509$7,779$6,320$5,103$4,099$2,734
20 years$8,939$7,228$5,800$4,622$3,662$2,379
21 years$8,423$6,733$5,335$4,195$3,277$2,073
22 years$7,956$6,285$4,917$3,814$2,937$1,809
23 years$7,529$5,878$4,540$3,474$2,637$1,580
24 years$7,139$5,508$4,199$3,168$2,370$1,382
25 years$6,781$5,169$3,889$2,893$2,132$1,209
26 years$6,450$4,858$3,607$2,645$1,921$1,059
27 years$6,145$4,572$3,349$2,421$1,732$928
28 years$5,862$4,308$3,113$2,219$1,563$814
29 years$5,599$4,064$2,897$2,035$1,411$714
30 years$5,354$3,838$2,699$1,867$1,275$626
31 years$5,125$3,628$2,516$1,715$1,153$550
32 years$4,911$3,433$2,347$1,576$1,043$483
33 years$4,710$3,251$2,192$1,449$944$424
34 years$4,521$3,081$2,048$1,333$854$373
35 years$4,344$2,922$1,915$1,227$774$328
36 years$4,177$2,774$1,791$1,130$701$288
37 years$4,019$2,635$1,676$1,042$635$253
38 years$3,870$2,504$1,570$960$576$223
39 years$3,729$2,381$1,471$885$522$196
40 years$3,596$2,265$1,379$816$474$172
41 years$3,469$2,156$1,293$753$430$152
42 years$3,348$2,054$1,213$695$390$133
43 years$3,234$1,957$1,138$642$354$117
44 years$3,125$1,865$1,068$593$321$103
45 years$3,021$1,778$1,003$547$292$91
46 years$2,922$1,697$942$506$265$80
47 years$2,827$1,619$885$467$241$70
48 years$2,737$1,546$832$432$218$62
49 years$2,650$1,476$782$399$198$54
50 years$2,568$1,410$735$369$180$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,630,000, adding $6,936 every year, while hoping to spend $50,796 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: 22/48/30 Blend
67$2,630,000$2,630,000$2,630,000$2,630,000
68$2,905,414$2,766,024$2,725,259$2,941,703
69$3,147,720$2,847,513$2,762,509$3,056,456
70$3,413,039$2,931,292$2,799,304$3,174,468
71$3,703,663$3,017,420$2,835,576$3,299,639
72$4,022,121$3,105,958$2,871,251$3,432,588
73$4,371,192$3,196,964$2,906,253$3,573,998
74$4,753,941$3,290,503$2,940,500$3,724,617
75$5,173,743$3,386,638$2,973,906$3,885,268
76$5,634,314$3,485,432$3,006,381$4,056,857
77$6,139,747$3,586,952$3,037,829$4,240,381
78$6,694,553$3,691,264$3,068,148$4,436,934
79$7,303,699$3,798,437$3,097,232$4,647,723
80$7,972,656$3,908,541$3,124,969$4,874,074
81$8,707,452$4,021,644$3,151,241$5,117,447
82$9,514,727$4,137,820$3,175,922$5,379,451
83$10,401,796$4,257,140$3,198,883$5,661,853
84$11,376,719$4,379,679$3,219,984$5,966,604
85$12,448,372$4,505,511$3,239,082$6,295,848
86$13,626,538$4,634,713$3,256,023$6,651,947
87$14,921,992$4,767,361$3,270,647$7,037,504
88$16,346,607$4,903,534$3,282,786$7,455,384
89$17,913,464$5,043,310$3,292,262$7,908,743
90$19,636,975$5,186,770$3,298,890$8,401,058
91$21,533,019$5,333,994$3,302,475$8,936,159
92$23,619,090$5,485,063$3,302,812$9,518,266
93$25,914,467$5,640,061$3,299,686$10,152,027
94$28,440,389$5,799,070$3,292,871$10,842,563
95$31,220,257$5,962,173$3,282,131$11,595,518
96$34,279,859$6,129,456$3,267,219$12,417,108
97$37,647,608$6,301,002$3,247,873$13,314,184
98$41,354,810$6,476,897$3,223,823$14,294,294
99$45,435,961$6,657,225$3,194,781$15,365,758
100$49,929,073$6,842,073$3,160,451$16,537,740