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%11.3%
1 years$219,660$217,704$215,795$213,932$212,112$210,952
2 years$108,743$106,717$104,755$102,852$101,006$99,835
3 years$71,775$69,741$67,783$65,898$64,082$62,938
4 years$53,295$51,267$49,329$47,476$45,704$44,594
5 years$42,210$40,194$38,281$36,466$34,743$33,671
6 years$34,822$32,821$30,937$29,162$27,491$26,458
7 years$29,547$27,563$25,709$23,976$22,358$21,364
8 years$25,593$23,627$21,803$20,113$18,548$17,594
9 years$22,519$20,571$18,779$17,132$15,620$14,706
10 years$20,061$18,133$16,372$14,768$13,309$12,434
11 years$18,051$16,143$14,414$12,852$11,446$10,610
12 years$16,378$14,489$12,792$11,273$9,919$9,121
13 years$14,963$13,094$11,429$9,952$8,650$7,888
14 years$13,751$11,902$10,269$8,835$7,582$6,857
15 years$12,702$10,872$9,271$7,879$6,676$5,986
16 years$11,785$9,975$8,406$7,055$5,900$5,244
17 years$10,976$9,187$7,649$6,339$5,232$4,609
18 years$10,259$8,489$6,982$5,712$4,652$4,061
19 years$9,617$7,868$6,392$5,162$4,146$3,587
20 years$9,040$7,311$5,866$4,675$3,703$3,174
21 years$8,519$6,810$5,396$4,243$3,314$2,814
22 years$8,046$6,357$4,973$3,858$2,971$2,498
23 years$7,615$5,945$4,592$3,513$2,667$2,221
24 years$7,220$5,570$4,247$3,204$2,397$1,977
25 years$6,858$5,227$3,933$2,926$2,157$1,761
26 years$6,524$4,913$3,648$2,676$1,943$1,571
27 years$6,215$4,624$3,387$2,449$1,752$1,402
28 years$5,929$4,357$3,149$2,244$1,580$1,252
29 years$5,662$4,110$2,930$2,058$1,427$1,119
30 years$5,415$3,882$2,730$1,888$1,289$1,001
31 years$5,183$3,669$2,545$1,734$1,166$895
32 years$4,967$3,472$2,374$1,594$1,055$801
33 years$4,764$3,288$2,217$1,466$954$717
34 years$4,573$3,116$2,071$1,349$864$643
35 years$4,394$2,956$1,937$1,242$783$576
36 years$4,225$2,806$1,812$1,143$709$516
37 years$4,065$2,665$1,696$1,053$643$463
38 years$3,914$2,532$1,588$971$583$415
39 years$3,772$2,408$1,488$895$528$372
40 years$3,637$2,291$1,394$826$479$334
41 years$3,508$2,181$1,307$762$435$299
42 years$3,387$2,077$1,226$703$395$269
43 years$3,271$1,979$1,151$649$358$241
44 years$3,160$1,886$1,080$599$325$216
45 years$3,055$1,799$1,014$554$295$194
46 years$2,955$1,716$953$511$268$174
47 years$2,860$1,638$895$472$243$157
48 years$2,768$1,563$841$436$221$141
49 years$2,681$1,493$791$403$201$126
50 years$2,597$1,426$743$373$182$113

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 $2,915 every year, while hoping to spend $25,972 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: 77/18/5 Blend
67$2,660,000$2,660,000$2,660,000$2,660,000
68$2,934,327$2,793,347$2,752,117$3,159,281
69$3,205,994$2,902,587$2,816,679$3,416,493
70$3,504,501$3,016,309$2,882,533$3,694,742
71$3,832,558$3,134,706$2,949,695$3,999,017
72$4,193,150$3,257,978$3,018,182$4,331,892
73$4,589,568$3,386,335$3,088,007$4,696,198
74$5,025,434$3,519,996$3,159,186$5,095,052
75$5,504,743$3,659,190$3,231,733$5,531,886
76$6,031,892$3,804,156$3,305,661$6,010,479
77$6,611,729$3,955,144$3,380,985$6,534,993
78$7,249,594$4,112,414$3,457,717$7,110,007
79$7,951,371$4,276,240$3,535,868$7,740,567
80$8,723,541$4,446,907$3,615,451$8,432,228
81$9,573,249$4,624,712$3,696,475$9,191,108
82$10,508,364$4,809,966$3,778,950$10,023,944
83$11,537,557$5,002,995$3,862,886$10,938,157
84$12,670,385$5,204,139$3,948,289$11,941,920
85$13,917,376$5,413,753$4,035,168$13,044,233
86$15,290,129$5,632,208$4,123,527$14,255,011
87$16,801,428$5,859,893$4,213,372$15,585,175
88$18,465,359$6,097,212$4,304,705$17,046,752
89$20,297,442$6,344,592$4,397,528$18,652,994
90$22,314,778$6,602,474$4,491,843$20,418,496
91$24,536,213$6,871,323$4,587,647$22,359,336
92$26,982,513$7,151,623$4,684,939$24,493,226
93$29,676,558$7,443,882$4,783,713$26,839,678
94$32,643,564$7,748,629$4,883,965$29,420,187
95$35,911,314$8,066,419$4,985,684$32,258,433
96$39,510,425$8,397,830$5,088,862$35,380,506
97$43,474,634$8,743,470$5,193,484$38,815,145
98$47,841,119$9,103,971$5,299,538$42,594,016
99$52,650,845$9,479,998$5,407,004$46,752,006
100$57,948,955$9,872,242$5,515,863$51,327,551