Can I retire at age 68 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$220,486$218,522$216,606$214,736$212,910$207,847
2 years$109,152$107,119$105,149$103,238$101,385$96,315
3 years$72,045$70,003$68,038$66,146$64,323$59,402
4 years$53,495$51,460$49,514$47,654$45,876$41,143
5 years$42,368$40,345$38,425$36,603$34,874$30,343
6 years$34,953$32,945$31,053$29,272$27,595$23,269
7 years$29,658$27,667$25,805$24,066$22,442$18,323
8 years$25,689$23,716$21,885$20,188$18,618$14,704
9 years$22,603$20,649$18,850$17,196$15,679$11,966
10 years$20,136$18,201$16,433$14,823$13,359$9,844
11 years$18,119$16,203$14,468$12,901$11,489$8,167
12 years$16,439$14,543$12,840$11,316$9,956$6,821
13 years$15,019$13,143$11,471$9,990$8,682$5,728
14 years$13,803$11,946$10,307$8,868$7,611$4,832
15 years$12,750$10,913$9,306$7,909$6,701$4,090
16 years$11,829$10,013$8,437$7,081$5,922$3,473
17 years$11,018$9,221$7,678$6,362$5,251$2,957
18 years$10,297$8,521$7,009$5,734$4,669$2,522
19 years$9,653$7,897$6,416$5,181$4,162$2,155
20 years$9,074$7,338$5,888$4,692$3,717$1,845
21 years$8,552$6,835$5,416$4,259$3,327$1,581
22 years$8,077$6,381$4,992$3,872$2,982$1,356
23 years$7,644$5,968$4,609$3,526$2,677$1,165
24 years$7,248$5,591$4,263$3,216$2,406$1,001
25 years$6,884$5,247$3,948$2,937$2,165$861
26 years$6,548$4,931$3,662$2,686$1,950$741
27 years$6,238$4,641$3,400$2,458$1,758$638
28 years$5,951$4,373$3,161$2,252$1,586$549
29 years$5,684$4,126$2,941$2,065$1,432$473
30 years$5,435$3,896$2,740$1,896$1,294$408
31 years$5,203$3,683$2,554$1,741$1,170$352
32 years$4,985$3,485$2,383$1,600$1,059$303
33 years$4,782$3,300$2,225$1,471$958$261
34 years$4,590$3,128$2,079$1,354$867$226
35 years$4,410$2,967$1,944$1,246$786$195
36 years$4,241$2,816$1,818$1,148$712$168
37 years$4,080$2,675$1,702$1,057$645$145
38 years$3,929$2,542$1,594$975$585$125
39 years$3,786$2,417$1,493$899$530$108
40 years$3,650$2,300$1,400$829$481$93
41 years$3,522$2,189$1,312$765$436$80
42 years$3,399$2,085$1,231$706$396$69
43 years$3,283$1,986$1,155$652$359$60
44 years$3,172$1,893$1,084$602$326$52
45 years$3,067$1,806$1,018$556$296$45
46 years$2,966$1,722$956$513$269$39
47 years$2,870$1,644$898$474$244$33
48 years$2,779$1,569$844$438$222$29
49 years$2,691$1,498$794$405$201$25
50 years$2,607$1,431$746$374$183$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,670,000, adding $6,491 every year, while hoping to spend $31,563 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: 61/33/6 Blend
67$2,670,000$2,670,000$2,670,000$2,670,000
68$2,949,035$2,807,525$2,766,140$3,125,272
69$3,216,254$2,911,511$2,825,223$3,347,801
70$3,509,672$3,019,535$2,885,228$3,586,242
71$3,831,926$3,131,760$2,946,151$3,845,583
72$4,185,925$3,248,359$3,007,990$4,127,836
73$4,574,871$3,369,510$3,070,739$4,435,217
74$5,002,292$3,495,400$3,134,393$4,770,160
75$5,472,075$3,626,224$3,198,944$5,135,347
76$5,988,501$3,762,183$3,264,383$5,533,724
77$6,556,288$3,903,490$3,330,700$5,968,536
78$7,180,634$4,050,366$3,397,883$6,443,353
79$7,867,265$4,203,040$3,465,918$6,962,102
80$8,622,489$4,361,752$3,534,789$7,529,107
81$9,453,258$4,526,753$3,604,480$8,149,127
82$10,367,232$4,698,305$3,674,971$8,827,398
83$11,372,847$4,876,679$3,746,240$9,569,688
84$12,479,401$5,062,161$3,818,264$10,382,341
85$13,697,140$5,255,047$3,891,015$11,272,348
86$15,037,351$5,455,647$3,964,467$12,247,401
87$16,512,471$5,664,284$4,038,587$13,315,970
88$18,136,205$5,881,295$4,113,341$14,487,383
89$19,923,652$6,107,033$4,188,692$15,771,910
90$21,891,452$6,341,865$4,264,601$17,180,862
91$24,057,938$6,586,175$4,341,023$18,726,692
92$26,443,314$6,840,363$4,417,913$20,423,118
93$29,069,838$7,104,847$4,495,220$22,285,244
94$31,962,042$7,380,065$4,572,889$24,329,708
95$35,146,953$7,666,471$4,650,864$26,574,834
96$38,654,355$7,964,541$4,729,082$29,040,804
97$42,517,069$8,274,773$4,807,475$31,749,849
98$46,771,259$8,597,686$4,885,974$34,726,453
99$51,456,775$8,933,821$4,964,503$37,997,589
100$56,617,533$9,283,744$5,042,980$41,592,968