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

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$218,835$216,885$214,983$213,127$211,315$204,550
2 years$108,334$106,316$104,361$102,465$100,626$93,874
3 years$71,505$69,479$67,528$65,650$63,841$57,312
4 years$53,094$51,074$49,143$47,297$45,532$39,277
5 years$42,051$40,043$38,137$36,329$34,613$28,648
6 years$34,691$32,698$30,821$29,053$27,388$21,719
7 years$29,436$27,460$25,612$23,886$22,274$16,899
8 years$25,496$23,538$21,721$20,037$18,478$13,395
9 years$22,434$20,494$18,708$17,067$15,561$10,763
10 years$19,985$18,065$16,310$14,712$13,259$8,739
11 years$17,983$16,082$14,359$12,804$11,403$7,153
12 years$16,316$14,434$12,744$11,231$9,882$5,892
13 years$14,907$13,044$11,386$9,915$8,617$4,879
14 years$13,699$11,857$10,230$8,801$7,554$4,056
15 years$12,654$10,831$9,236$7,849$6,651$3,383
16 years$11,740$9,938$8,374$7,028$5,878$2,830
17 years$10,935$9,152$7,620$6,315$5,212$2,372
18 years$10,220$8,457$6,956$5,691$4,634$1,993
19 years$9,581$7,838$6,368$5,142$4,131$1,676
20 years$9,007$7,283$5,844$4,657$3,689$1,412
21 years$8,487$6,784$5,376$4,227$3,302$1,191
22 years$8,016$6,333$4,954$3,843$2,959$1,005
23 years$7,587$5,923$4,575$3,500$2,657$849
24 years$7,193$5,549$4,231$3,192$2,388$717
25 years$6,832$5,208$3,918$2,915$2,149$607
26 years$6,499$4,895$3,634$2,666$1,935$513
27 years$6,192$4,606$3,375$2,440$1,745$434
28 years$5,906$4,341$3,137$2,235$1,575$368
29 years$5,641$4,095$2,919$2,050$1,422$311
30 years$5,394$3,867$2,719$1,881$1,285$264
31 years$5,164$3,656$2,535$1,728$1,161$224
32 years$4,948$3,459$2,365$1,588$1,051$189
33 years$4,746$3,276$2,209$1,460$951$161
34 years$4,556$3,105$2,064$1,344$861$136
35 years$4,377$2,945$1,929$1,237$780$115
36 years$4,209$2,795$1,805$1,139$706$98
37 years$4,050$2,655$1,689$1,050$640$83
38 years$3,900$2,523$1,582$967$580$70
39 years$3,758$2,399$1,482$892$526$60
40 years$3,623$2,282$1,389$823$477$51
41 years$3,495$2,173$1,303$759$433$43
42 years$3,374$2,069$1,222$701$393$36
43 years$3,258$1,971$1,147$647$357$31
44 years$3,149$1,879$1,076$597$324$26
45 years$3,044$1,792$1,011$551$294$22
46 years$2,944$1,710$949$509$267$19
47 years$2,849$1,631$892$471$242$16
48 years$2,758$1,557$838$435$220$14
49 years$2,671$1,487$788$402$200$11
50 years$2,587$1,421$740$371$182$10

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 $2,454 every year, while hoping to spend $28,179 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: 52/27/21 Blend
67$2,650,000$2,650,000$2,650,000$2,650,000
68$2,922,831$2,782,381$2,741,306$3,057,727
69$3,190,978$2,888,736$2,803,158$3,257,316
70$3,485,531$2,999,357$2,866,137$3,471,176
71$3,809,154$3,114,425$2,930,252$3,703,202
72$4,164,782$3,234,126$2,995,509$3,955,131
73$4,555,648$3,358,656$3,061,917$4,228,872
74$4,985,312$3,488,218$3,129,479$4,526,525
75$5,457,700$3,623,027$3,198,203$4,850,399
76$5,977,133$3,763,303$3,268,090$5,203,038
77$6,548,376$3,909,280$3,339,146$5,587,235
78$7,176,674$4,061,199$3,411,372$6,006,067
79$7,867,811$4,219,313$3,484,768$6,462,920
80$8,628,155$4,383,887$3,559,336$6,961,518
81$9,464,726$4,555,197$3,635,073$7,505,962
82$10,385,258$4,733,531$3,711,977$8,100,764
83$11,398,270$4,919,190$3,790,044$8,750,892
84$12,513,151$5,112,488$3,869,269$9,461,812
85$13,740,246$5,313,754$3,949,643$10,239,546
86$15,090,954$5,523,330$4,031,159$11,090,719
87$16,577,834$5,741,576$4,113,805$12,022,629
88$18,214,725$5,968,865$4,197,570$13,043,309
89$20,016,876$6,205,589$4,282,438$14,161,606
90$22,001,091$6,452,156$4,368,393$15,387,259
91$24,185,884$6,708,994$4,455,416$16,730,997
92$26,591,658$6,976,548$4,543,486$18,204,632
93$29,240,893$7,255,285$4,632,578$19,821,174
94$32,158,362$7,545,692$4,722,668$21,594,951
95$35,371,362$7,848,278$4,813,724$23,541,742
96$38,909,973$8,163,575$4,905,716$25,678,930
97$42,807,340$8,492,141$4,998,607$28,025,658
98$47,099,988$8,834,555$5,092,360$30,603,011
99$51,828,165$9,191,426$5,186,932$33,434,218
100$57,036,221$9,563,388$5,282,277$36,544,862