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%18.1%
1 years$218,835$216,885$214,983$213,127$211,315$204,387
2 years$108,334$106,316$104,361$102,465$100,626$93,712
3 years$71,505$69,479$67,528$65,650$63,841$57,159
4 years$53,094$51,074$49,143$47,297$45,532$39,132
5 years$42,051$40,043$38,137$36,329$34,613$28,512
6 years$34,691$32,698$30,821$29,053$27,388$21,592
7 years$29,436$27,460$25,612$23,886$22,274$16,782
8 years$25,496$23,538$21,721$20,037$18,478$13,286
9 years$22,434$20,494$18,708$17,067$15,561$10,663
10 years$19,985$18,065$16,310$14,712$13,259$8,647
11 years$17,983$16,082$14,359$12,804$11,403$7,068
12 years$16,316$14,434$12,744$11,231$9,882$5,815
13 years$14,907$13,044$11,386$9,915$8,617$4,808
14 years$13,699$11,857$10,230$8,801$7,554$3,991
15 years$12,654$10,831$9,236$7,849$6,651$3,325
16 years$11,740$9,938$8,374$7,028$5,878$2,777
17 years$10,935$9,152$7,620$6,315$5,212$2,325
18 years$10,220$8,457$6,956$5,691$4,634$1,950
19 years$9,581$7,838$6,368$5,142$4,131$1,638
20 years$9,007$7,283$5,844$4,657$3,689$1,377
21 years$8,487$6,784$5,376$4,227$3,302$1,160
22 years$8,016$6,333$4,954$3,843$2,959$977
23 years$7,587$5,923$4,575$3,500$2,657$824
24 years$7,193$5,549$4,231$3,192$2,388$695
25 years$6,832$5,208$3,918$2,915$2,149$587
26 years$6,499$4,895$3,634$2,666$1,935$496
27 years$6,192$4,606$3,375$2,440$1,745$419
28 years$5,906$4,341$3,137$2,235$1,575$354
29 years$5,641$4,095$2,919$2,050$1,422$299
30 years$5,394$3,867$2,719$1,881$1,285$253
31 years$5,164$3,656$2,535$1,728$1,161$214
32 years$4,948$3,459$2,365$1,588$1,051$181
33 years$4,746$3,276$2,209$1,460$951$153
34 years$4,556$3,105$2,064$1,344$861$130
35 years$4,377$2,945$1,929$1,237$780$110
36 years$4,209$2,795$1,805$1,139$706$93
37 years$4,050$2,655$1,689$1,050$640$79
38 years$3,900$2,523$1,582$967$580$67
39 years$3,758$2,399$1,482$892$526$56
40 years$3,623$2,282$1,389$823$477$48
41 years$3,495$2,173$1,303$759$433$40
42 years$3,374$2,069$1,222$701$393$34
43 years$3,258$1,971$1,147$647$357$29
44 years$3,149$1,879$1,076$597$324$25
45 years$3,044$1,792$1,011$551$294$21
46 years$2,944$1,710$949$509$267$18
47 years$2,849$1,631$892$471$242$15
48 years$2,758$1,557$838$435$220$13
49 years$2,671$1,487$788$402$200$11
50 years$2,587$1,421$740$371$182$9

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 $3,643 every year, while hoping to spend $40,186 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: 61/14/25 Blend
67$2,650,000$2,650,000$2,650,000$2,650,000
68$2,924,058$2,783,608$2,742,533$3,082,722
69$3,179,554$2,877,247$2,791,650$3,284,517
70$3,459,764$2,974,128$2,841,066$3,499,980
71$3,767,166$3,074,366$2,890,748$3,734,287
72$4,104,490$3,178,083$2,940,661$3,989,282
73$4,474,743$3,285,404$2,990,768$4,266,995
74$4,881,238$3,396,459$3,041,029$4,569,663
75$5,327,621$3,511,383$3,091,401$4,899,745
76$5,817,914$3,630,316$3,141,838$5,259,953
77$6,356,543$3,753,403$3,192,291$5,653,273
78$6,948,386$3,880,796$3,242,709$6,082,990
79$7,598,816$4,012,650$3,293,035$6,552,728
80$8,313,754$4,149,128$3,343,210$7,066,472
81$9,099,720$4,290,399$3,393,171$7,628,618
82$9,963,902$4,436,639$3,442,852$8,244,002
83$10,914,214$4,588,028$3,492,182$8,917,956
84$11,959,379$4,744,756$3,541,085$9,656,350
85$13,109,006$4,907,020$3,589,482$10,465,653
86$14,373,682$5,075,022$3,637,287$11,352,989
87$15,765,074$5,248,974$3,684,412$12,326,210
88$17,296,034$5,429,096$3,730,763$13,393,963
89$18,980,723$5,615,616$3,776,237$14,565,775
90$20,834,747$5,808,771$3,820,731$15,852,143
91$22,875,298$6,008,808$3,864,133$17,264,634
92$25,121,320$6,215,981$3,906,323$18,815,988
93$27,593,688$6,430,558$3,947,178$20,520,244
94$30,315,403$6,652,813$3,986,567$22,392,872
95$33,311,807$6,883,034$4,024,350$24,450,915
96$36,610,829$7,121,520$4,060,383$26,713,150
97$40,243,238$7,368,580$4,094,511$29,200,271
98$44,242,944$7,624,536$4,126,573$31,935,075
99$48,647,309$7,889,723$4,156,398$34,942,686
100$53,497,505$8,164,489$4,183,807$38,250,782