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%17.4%
1 years$218,835$216,885$214,983$213,127$211,315$204,961
2 years$108,334$106,316$104,361$102,465$100,626$94,278
3 years$71,505$69,479$67,528$65,650$63,841$57,698
4 years$53,094$51,074$49,143$47,297$45,532$39,641
5 years$42,051$40,043$38,137$36,329$34,613$28,990
6 years$34,691$32,698$30,821$29,053$27,388$22,038
7 years$29,436$27,460$25,612$23,886$22,274$17,197
8 years$25,496$23,538$21,721$20,037$18,478$13,671
9 years$22,434$20,494$18,708$17,067$15,561$11,019
10 years$19,985$18,065$16,310$14,712$13,259$8,975
11 years$17,983$16,082$14,359$12,804$11,403$7,370
12 years$16,316$14,434$12,744$11,231$9,882$6,091
13 years$14,907$13,044$11,386$9,915$8,617$5,060
14 years$13,699$11,857$10,230$8,801$7,554$4,221
15 years$12,654$10,831$9,236$7,849$6,651$3,534
16 years$11,740$9,938$8,374$7,028$5,878$2,966
17 years$10,935$9,152$7,620$6,315$5,212$2,496
18 years$10,220$8,457$6,956$5,691$4,634$2,104
19 years$9,581$7,838$6,368$5,142$4,131$1,777
20 years$9,007$7,283$5,844$4,657$3,689$1,502
21 years$8,487$6,784$5,376$4,227$3,302$1,272
22 years$8,016$6,333$4,954$3,843$2,959$1,078
23 years$7,587$5,923$4,575$3,500$2,657$914
24 years$7,193$5,549$4,231$3,192$2,388$775
25 years$6,832$5,208$3,918$2,915$2,149$658
26 years$6,499$4,895$3,634$2,666$1,935$559
27 years$6,192$4,606$3,375$2,440$1,745$475
28 years$5,906$4,341$3,137$2,235$1,575$404
29 years$5,641$4,095$2,919$2,050$1,422$344
30 years$5,394$3,867$2,719$1,881$1,285$292
31 years$5,164$3,656$2,535$1,728$1,161$249
32 years$4,948$3,459$2,365$1,588$1,051$212
33 years$4,746$3,276$2,209$1,460$951$180
34 years$4,556$3,105$2,064$1,344$861$153
35 years$4,377$2,945$1,929$1,237$780$130
36 years$4,209$2,795$1,805$1,139$706$111
37 years$4,050$2,655$1,689$1,050$640$95
38 years$3,900$2,523$1,582$967$580$81
39 years$3,758$2,399$1,482$892$526$69
40 years$3,623$2,282$1,389$823$477$58
41 years$3,495$2,173$1,303$759$433$50
42 years$3,374$2,069$1,222$701$393$42
43 years$3,258$1,971$1,147$647$357$36
44 years$3,149$1,879$1,076$597$324$31
45 years$3,044$1,792$1,011$551$294$26
46 years$2,944$1,710$949$509$267$22
47 years$2,849$1,631$892$471$242$19
48 years$2,758$1,557$838$435$220$16
49 years$2,671$1,487$788$402$200$14
50 years$2,587$1,421$740$371$182$12

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 $4,675 every year, while hoping to spend $57,833 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: 45/27/28 Blend
67$2,650,000$2,650,000$2,650,000$2,650,000
68$2,925,122$2,784,672$2,743,597$3,032,883
69$3,161,951$2,859,587$2,773,974$3,184,881
70$3,420,998$2,936,235$2,803,430$3,343,708
71$3,704,468$3,014,639$2,831,873$3,514,855
72$4,014,790$3,094,822$2,859,207$3,699,505
73$4,354,637$3,176,807$2,885,329$3,898,961
74$4,726,954$3,260,615$2,910,132$4,114,658
75$5,134,985$3,346,267$2,933,503$4,348,177
76$5,582,299$3,433,780$2,955,321$4,601,260
77$6,072,832$3,523,173$2,975,462$4,875,828
78$6,610,915$3,614,462$2,993,794$5,173,994
79$7,201,319$3,707,662$3,010,178$5,498,089
80$7,849,302$3,802,786$3,024,467$5,850,682
81$8,560,653$3,899,844$3,036,509$6,234,602
82$9,341,749$3,998,846$3,046,141$6,652,968
83$10,199,616$4,099,799$3,053,196$7,109,217
84$11,141,994$4,202,705$3,057,494$7,607,138
85$12,177,407$4,307,568$3,058,850$8,150,903
86$13,315,249$4,414,385$3,057,068$8,745,115
87$14,565,867$4,523,153$3,051,943$9,394,844
88$15,940,660$4,633,862$3,043,258$10,105,680
89$17,452,188$4,746,502$3,030,787$10,883,780
90$19,114,288$4,861,057$3,014,295$11,735,935
91$20,942,205$4,977,508$2,993,533$12,669,628
92$22,952,734$5,095,830$2,968,241$13,693,105
93$25,164,381$5,215,994$2,938,145$14,815,457
94$27,597,536$5,337,966$2,902,961$16,046,703
95$30,274,664$5,461,705$2,862,390$17,397,885
96$33,220,517$5,587,167$2,816,118$18,881,176
97$36,462,370$5,714,298$2,763,818$20,509,990
98$40,030,273$5,843,040$2,705,146$22,299,114
99$43,957,337$5,973,325$2,639,745$24,264,846
100$48,280,046$6,105,079$2,567,238$26,425,150