Can I retire at age 68 with 2,660,000?

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 $2,660,000?

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 years$219,660$217,704$215,795$213,932$212,112$205,240
2 years$108,743$106,717$104,755$102,852$101,006$94,147
3 years$71,775$69,741$67,783$65,898$64,082$57,452
4 years$53,295$51,267$49,329$47,476$45,704$39,352
5 years$42,210$40,194$38,281$36,466$34,743$28,688
6 years$34,822$32,821$30,937$29,162$27,491$21,737
7 years$29,547$27,563$25,709$23,976$22,358$16,904
8 years$25,593$23,627$21,803$20,113$18,548$13,391
9 years$22,519$20,571$18,779$17,132$15,620$10,754
10 years$20,061$18,133$16,372$14,768$13,309$8,726
11 years$18,051$16,143$14,414$12,852$11,446$7,138
12 years$16,378$14,489$12,792$11,273$9,919$5,876
13 years$14,963$13,094$11,429$9,952$8,650$4,861
14 years$13,751$11,902$10,269$8,835$7,582$4,039
15 years$12,702$10,872$9,271$7,879$6,676$3,367
16 years$11,785$9,975$8,406$7,055$5,900$2,814
17 years$10,976$9,187$7,649$6,339$5,232$2,357
18 years$10,259$8,489$6,982$5,712$4,652$1,978
19 years$9,617$7,868$6,392$5,162$4,146$1,663
20 years$9,040$7,311$5,866$4,675$3,703$1,400
21 years$8,519$6,810$5,396$4,243$3,314$1,179
22 years$8,046$6,357$4,973$3,858$2,971$995
23 years$7,615$5,945$4,592$3,513$2,667$839
24 years$7,220$5,570$4,247$3,204$2,397$709
25 years$6,858$5,227$3,933$2,926$2,157$599
26 years$6,524$4,913$3,648$2,676$1,943$506
27 years$6,215$4,624$3,387$2,449$1,752$428
28 years$5,929$4,357$3,149$2,244$1,580$362
29 years$5,662$4,110$2,930$2,058$1,427$307
30 years$5,415$3,882$2,730$1,888$1,289$259
31 years$5,183$3,669$2,545$1,734$1,166$220
32 years$4,967$3,472$2,374$1,594$1,055$186
33 years$4,764$3,288$2,217$1,466$954$157
34 years$4,573$3,116$2,071$1,349$864$133
35 years$4,394$2,956$1,937$1,242$783$113
36 years$4,225$2,806$1,812$1,143$709$96
37 years$4,065$2,665$1,696$1,053$643$81
38 years$3,914$2,532$1,588$971$583$69
39 years$3,772$2,408$1,488$895$528$58
40 years$3,637$2,291$1,394$826$479$49
41 years$3,508$2,181$1,307$762$435$42
42 years$3,387$2,077$1,226$703$395$35
43 years$3,271$1,979$1,151$649$358$30
44 years$3,160$1,886$1,080$599$325$25
45 years$3,055$1,799$1,014$554$295$22
46 years$2,955$1,716$953$511$268$18
47 years$2,860$1,638$895$472$243$15
48 years$2,768$1,563$841$436$221$13
49 years$2,681$1,493$791$403$201$11
50 years$2,597$1,426$743$373$182$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,660,000, adding $5,482 every year, while hoping to spend $53,954 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: 65/17/18 Blend
67$2,660,000$2,660,000$2,660,000$2,660,000
68$2,936,975$2,795,995$2,754,765$3,114,377
69$3,179,139$2,875,592$2,789,643$3,313,610
70$3,444,197$2,957,281$2,823,881$3,524,553
71$3,734,425$3,041,107$2,857,401$3,753,778
72$4,052,332$3,127,117$2,890,119$4,003,075
73$4,400,681$3,215,357$2,921,949$4,274,414
74$4,782,514$3,305,874$2,952,799$4,569,967
75$5,201,183$3,398,714$2,982,570$4,892,125
76$5,660,378$3,493,925$3,011,160$5,243,519
77$6,164,164$3,591,555$3,038,461$5,627,052
78$6,717,018$3,691,651$3,064,360$6,045,916
79$7,323,873$3,794,261$3,088,735$6,503,633
80$7,990,162$3,899,433$3,111,461$7,004,077
81$8,721,868$4,007,216$3,132,405$7,551,521
82$9,525,585$4,117,656$3,151,427$8,150,668
83$10,408,575$4,230,801$3,168,380$8,806,703
84$11,378,838$4,346,699$3,183,109$9,525,336
85$12,445,189$4,465,396$3,195,452$10,312,858
86$13,617,337$4,586,939$3,205,239$11,176,203
87$14,905,981$4,711,374$3,212,290$12,123,008
88$16,322,906$4,838,747$3,216,416$13,161,688
89$17,881,097$4,969,101$3,217,421$14,301,517
90$19,594,862$5,102,479$3,215,098$15,552,711
91$21,479,962$5,238,925$3,209,228$16,926,528
92$23,553,765$5,378,479$3,199,584$18,435,374
93$25,835,405$5,521,181$3,185,926$20,092,918
94$28,345,967$5,667,069$3,168,005$21,914,222
95$31,108,679$5,816,178$3,145,556$23,915,884
96$34,149,137$5,968,544$3,118,305$26,116,193
97$37,495,544$6,124,198$3,085,964$28,535,303
98$41,178,976$6,283,170$3,048,230$31,195,423
99$45,233,672$6,445,486$3,004,787$34,121,024
100$49,697,363$6,611,171$2,955,303$37,339,077