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%19.8%
1 years$217,183$215,248$213,361$211,519$209,720$201,479
2 years$107,516$105,514$103,573$101,692$99,867$91,664
3 years$70,966$68,955$67,019$65,155$63,359$55,455
4 years$52,694$50,689$48,773$46,940$45,189$37,641
5 years$41,734$39,741$37,849$36,055$34,352$27,181
6 years$34,429$32,451$30,588$28,833$27,181$20,392
7 years$29,214$27,253$25,419$23,705$22,106$15,696
8 years$25,304$23,360$21,557$19,886$18,339$12,302
9 years$22,265$20,339$18,567$16,938$15,444$9,771
10 years$19,835$17,928$16,187$14,601$13,159$7,839
11 years$17,848$15,960$14,251$12,707$11,317$6,337
12 years$16,193$14,325$12,647$11,146$9,807$5,154
13 years$14,794$12,946$11,300$9,840$8,552$4,213
14 years$13,596$11,767$10,153$8,735$7,497$3,456
15 years$12,559$10,750$9,167$7,790$6,601$2,844
16 years$11,652$9,863$8,311$6,975$5,834$2,346
17 years$10,853$9,083$7,563$6,267$5,173$1,940
18 years$10,143$8,393$6,904$5,648$4,599$1,606
19 years$9,509$7,779$6,320$5,103$4,099$1,332
20 years$8,939$7,228$5,800$4,622$3,662$1,106
21 years$8,423$6,733$5,335$4,195$3,277$919
22 years$7,956$6,285$4,917$3,814$2,937$764
23 years$7,529$5,878$4,540$3,474$2,637$636
24 years$7,139$5,508$4,199$3,168$2,370$529
25 years$6,781$5,169$3,889$2,893$2,132$441
26 years$6,450$4,858$3,607$2,645$1,921$367
27 years$6,145$4,572$3,349$2,421$1,732$306
28 years$5,862$4,308$3,113$2,219$1,563$255
29 years$5,599$4,064$2,897$2,035$1,411$213
30 years$5,354$3,838$2,699$1,867$1,275$177
31 years$5,125$3,628$2,516$1,715$1,153$148
32 years$4,911$3,433$2,347$1,576$1,043$123
33 years$4,710$3,251$2,192$1,449$944$103
34 years$4,521$3,081$2,048$1,333$854$86
35 years$4,344$2,922$1,915$1,227$774$72
36 years$4,177$2,774$1,791$1,130$701$60
37 years$4,019$2,635$1,676$1,042$635$50
38 years$3,870$2,504$1,570$960$576$42
39 years$3,729$2,381$1,471$885$522$35
40 years$3,596$2,265$1,379$816$474$29
41 years$3,469$2,156$1,293$753$430$24
42 years$3,348$2,054$1,213$695$390$20
43 years$3,234$1,957$1,138$642$354$17
44 years$3,125$1,865$1,068$593$321$14
45 years$3,021$1,778$1,003$547$292$12
46 years$2,922$1,697$942$506$265$10
47 years$2,827$1,619$885$467$241$8
48 years$2,737$1,546$832$432$218$7
49 years$2,650$1,476$782$399$198$6
50 years$2,568$1,410$735$369$180$5

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 $2,134 every year, while hoping to spend $23,808 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: 75/14/11 Blend
67$2,630,000$2,630,000$2,630,000$2,630,000
68$2,900,461$2,761,071$2,720,306$3,111,789
69$3,170,977$2,871,032$2,786,105$3,361,395
70$3,468,287$2,985,583$2,853,310$3,631,655
71$3,795,100$3,104,924$2,921,943$3,927,166
72$4,154,398$3,229,264$2,992,027$4,250,428
73$4,549,470$3,358,821$3,063,582$4,604,193
74$4,983,935$3,493,822$3,136,632$4,991,488
75$5,461,784$3,634,507$3,211,197$5,415,649
76$5,987,412$3,781,124$3,287,298$5,880,348
77$6,565,663$3,933,935$3,364,958$6,389,629
78$7,201,873$4,093,210$3,444,196$6,947,945
79$7,901,922$4,259,234$3,525,034$7,560,200
80$8,672,287$4,432,306$3,607,492$8,231,793
81$9,520,107$4,612,736$3,691,590$8,968,673
82$10,453,248$4,800,850$3,777,348$9,777,390
83$11,480,374$4,996,987$3,864,784$10,665,159
84$12,611,036$5,201,502$3,953,918$11,639,926
85$13,855,754$5,414,769$4,044,767$12,710,445
86$15,226,123$5,637,174$4,137,349$13,886,356
87$16,734,918$5,869,126$4,231,680$15,178,281
88$18,396,215$6,111,049$4,327,777$16,597,919
89$20,225,526$6,363,388$4,425,655$18,158,155
90$22,239,944$6,626,607$4,525,328$19,873,188
91$24,458,301$6,901,194$4,626,809$21,758,656
92$26,901,352$7,187,657$4,730,112$23,831,789
93$29,591,966$7,486,528$4,835,246$26,111,568
94$32,555,343$7,798,364$4,942,223$28,618,903
95$35,819,251$8,123,748$5,051,052$31,376,832
96$39,414,291$8,463,288$5,161,738$34,410,737
97$43,374,182$8,817,622$5,274,289$37,748,580
98$47,736,080$9,187,417$5,388,710$41,421,170
99$52,540,930$9,573,370$5,505,001$45,462,451
100$57,833,852$9,976,212$5,623,165$49,909,821