Can I retire at age 68 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$218,835$216,885$214,983$213,127$211,315$207,303
2 years$108,334$106,316$104,361$102,465$100,626$96,600
3 years$71,505$69,479$67,528$65,650$63,841$59,926
4 years$53,094$51,074$49,143$47,297$45,532$41,758
5 years$42,051$40,043$38,137$36,329$34,613$30,991
6 years$34,691$32,698$30,821$29,053$27,388$23,922
7 years$29,436$27,460$25,612$23,886$22,274$18,965
8 years$25,496$23,538$21,721$20,037$18,478$15,325
9 years$22,434$20,494$18,708$17,067$15,561$12,562
10 years$19,985$18,065$16,310$14,712$13,259$10,411
11 years$17,983$16,082$14,359$12,804$11,403$8,704
12 years$16,316$14,434$12,744$11,231$9,882$7,326
13 years$14,907$13,044$11,386$9,915$8,617$6,202
14 years$13,699$11,857$10,230$8,801$7,554$5,274
15 years$12,654$10,831$9,236$7,849$6,651$4,502
16 years$11,740$9,938$8,374$7,028$5,878$3,855
17 years$10,935$9,152$7,620$6,315$5,212$3,311
18 years$10,220$8,457$6,956$5,691$4,634$2,849
19 years$9,581$7,838$6,368$5,142$4,131$2,457
20 years$9,007$7,283$5,844$4,657$3,689$2,122
21 years$8,487$6,784$5,376$4,227$3,302$1,835
22 years$8,016$6,333$4,954$3,843$2,959$1,589
23 years$7,587$5,923$4,575$3,500$2,657$1,377
24 years$7,193$5,549$4,231$3,192$2,388$1,195
25 years$6,832$5,208$3,918$2,915$2,149$1,037
26 years$6,499$4,895$3,634$2,666$1,935$901
27 years$6,192$4,606$3,375$2,440$1,745$784
28 years$5,906$4,341$3,137$2,235$1,575$681
29 years$5,641$4,095$2,919$2,050$1,422$593
30 years$5,394$3,867$2,719$1,881$1,285$516
31 years$5,164$3,656$2,535$1,728$1,161$449
32 years$4,948$3,459$2,365$1,588$1,051$391
33 years$4,746$3,276$2,209$1,460$951$341
34 years$4,556$3,105$2,064$1,344$861$297
35 years$4,377$2,945$1,929$1,237$780$259
36 years$4,209$2,795$1,805$1,139$706$226
37 years$4,050$2,655$1,689$1,050$640$197
38 years$3,900$2,523$1,582$967$580$172
39 years$3,758$2,399$1,482$892$526$150
40 years$3,623$2,282$1,389$823$477$130
41 years$3,495$2,173$1,303$759$433$114
42 years$3,374$2,069$1,222$701$393$99
43 years$3,258$1,971$1,147$647$357$87
44 years$3,149$1,879$1,076$597$324$75
45 years$3,044$1,792$1,011$551$294$66
46 years$2,944$1,710$949$509$267$57
47 years$2,849$1,631$892$471$242$50
48 years$2,758$1,557$838$435$220$44
49 years$2,671$1,487$788$402$200$38
50 years$2,587$1,421$740$371$182$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,650,000, adding $5,715 every year, while hoping to spend $29,605 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: 63/25/12 Blend
67$2,650,000$2,650,000$2,650,000$2,650,000
68$2,926,195$2,785,745$2,744,670$3,102,021
69$3,193,167$2,890,747$2,805,117$3,325,414
70$3,486,379$2,999,902$2,866,597$3,565,309
71$3,808,474$3,113,382$2,929,112$3,826,523
72$4,162,368$3,231,367$2,992,667$4,111,126
73$4,551,269$3,354,044$3,057,261$4,421,395
74$4,978,715$3,481,609$3,122,896$4,759,839
75$5,448,603$3,614,266$3,189,571$5,129,214
76$5,965,223$3,752,228$3,257,285$5,532,558
77$6,533,306$3,895,717$3,326,034$5,973,210
78$7,158,061$4,044,965$3,395,815$6,454,850
79$7,845,230$4,200,215$3,466,621$6,981,526
80$8,601,138$4,361,720$3,538,447$7,557,693
81$9,432,752$4,529,742$3,611,283$8,188,259
82$10,347,751$4,704,558$3,685,119$8,878,625
83$11,354,595$4,886,455$3,759,944$9,634,738
84$12,462,606$5,075,733$3,835,744$10,463,148
85$13,682,053$5,272,706$3,912,504$11,371,065
86$15,024,255$5,477,700$3,990,204$12,366,429
87$16,501,680$5,691,059$4,068,827$13,457,985
88$18,128,068$5,913,137$4,148,350$14,655,364
89$19,918,559$6,144,309$4,228,748$15,969,170
90$21,889,835$6,384,964$4,309,994$17,411,085
91$24,060,279$6,635,507$4,392,059$18,993,973
92$26,450,144$6,896,364$4,474,910$20,732,004
93$29,081,751$7,167,978$4,558,512$22,640,785
94$31,979,693$7,450,812$4,642,825$24,737,508
95$35,171,071$7,745,351$4,727,809$27,041,110
96$38,685,747$8,052,100$4,813,417$29,572,450
97$42,556,627$8,371,587$4,899,601$32,354,506
98$46,819,973$8,704,364$4,986,307$35,412,591
99$51,515,740$9,051,009$5,073,479$38,774,590
100$56,687,960$9,412,123$5,161,055$42,471,221