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%12.5%
1 years$220,486$218,522$216,606$214,736$212,910$210,686
2 years$109,152$107,119$105,149$103,238$101,385$99,146
3 years$72,045$70,003$68,038$66,146$64,323$62,138
4 years$53,495$51,460$49,514$47,654$45,876$43,761
5 years$42,368$40,345$38,425$36,603$34,874$32,836
6 years$34,953$32,945$31,053$29,272$27,595$25,636
7 years$29,658$27,667$25,805$24,066$22,442$20,564
8 years$25,689$23,716$21,885$20,188$18,618$16,820
9 years$22,603$20,649$18,850$17,196$15,679$13,960
10 years$20,136$18,201$16,433$14,823$13,359$11,719
11 years$18,119$16,203$14,468$12,901$11,489$9,926
12 years$16,439$14,543$12,840$11,316$9,956$8,468
13 years$15,019$13,143$11,471$9,990$8,682$7,268
14 years$13,803$11,946$10,307$8,868$7,611$6,268
15 years$12,750$10,913$9,306$7,909$6,701$5,428
16 years$11,829$10,013$8,437$7,081$5,922$4,717
17 years$11,018$9,221$7,678$6,362$5,251$4,111
18 years$10,297$8,521$7,009$5,734$4,669$3,592
19 years$9,653$7,897$6,416$5,181$4,162$3,145
20 years$9,074$7,338$5,888$4,692$3,717$2,759
21 years$8,552$6,835$5,416$4,259$3,327$2,424
22 years$8,077$6,381$4,992$3,872$2,982$2,133
23 years$7,644$5,968$4,609$3,526$2,677$1,879
24 years$7,248$5,591$4,263$3,216$2,406$1,657
25 years$6,884$5,247$3,948$2,937$2,165$1,463
26 years$6,548$4,931$3,662$2,686$1,950$1,292
27 years$6,238$4,641$3,400$2,458$1,758$1,143
28 years$5,951$4,373$3,161$2,252$1,586$1,011
29 years$5,684$4,126$2,941$2,065$1,432$895
30 years$5,435$3,896$2,740$1,896$1,294$792
31 years$5,203$3,683$2,554$1,741$1,170$702
32 years$4,985$3,485$2,383$1,600$1,059$622
33 years$4,782$3,300$2,225$1,471$958$551
34 years$4,590$3,128$2,079$1,354$867$489
35 years$4,410$2,967$1,944$1,246$786$434
36 years$4,241$2,816$1,818$1,148$712$385
37 years$4,080$2,675$1,702$1,057$645$342
38 years$3,929$2,542$1,594$975$585$303
39 years$3,786$2,417$1,493$899$530$269
40 years$3,650$2,300$1,400$829$481$239
41 years$3,522$2,189$1,312$765$436$212
42 years$3,399$2,085$1,231$706$396$188
43 years$3,283$1,986$1,155$652$359$167
44 years$3,172$1,893$1,084$602$326$149
45 years$3,067$1,806$1,018$556$296$132
46 years$2,966$1,722$956$513$269$117
47 years$2,870$1,644$898$474$244$104
48 years$2,779$1,569$844$438$222$93
49 years$2,691$1,498$794$405$201$82
50 years$2,607$1,431$746$374$183$73

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 $2,570 every year, while hoping to spend $25,706 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: 38/42/20 Blend
67$2,670,000$2,670,000$2,670,000$2,670,000
68$2,944,991$2,803,481$2,762,096$3,039,152
69$3,218,029$2,913,501$2,827,275$3,217,416
70$3,518,055$3,028,050$2,893,776$3,407,326
71$3,847,796$3,147,323$2,961,617$3,612,038
72$4,210,253$3,271,524$3,030,813$3,832,905
73$4,608,735$3,400,865$3,101,382$4,071,407
74$5,046,888$3,535,568$3,173,339$4,329,174
75$5,528,725$3,675,866$3,246,701$4,607,991
76$6,058,673$3,822,001$3,321,483$4,909,822
77$6,641,604$3,974,226$3,397,699$5,236,822
78$7,282,890$4,132,806$3,475,365$5,591,360
79$7,988,449$4,298,017$3,554,493$5,976,040
80$8,764,800$4,470,149$3,635,098$6,393,721
81$9,619,126$4,649,503$3,717,191$6,847,547
82$10,559,344$4,836,396$3,800,784$7,340,975
83$11,594,175$5,031,157$3,885,888$7,877,805
84$12,733,228$5,234,131$3,972,512$8,462,215
85$13,987,094$5,445,679$4,060,667$9,098,799
86$15,367,438$5,666,178$4,150,360$9,792,613
87$16,887,117$5,896,022$4,241,598$10,549,214
88$18,560,299$6,135,622$4,334,387$11,374,717
89$20,402,591$6,385,410$4,428,731$12,275,850
90$22,431,196$6,645,835$4,524,634$13,260,016
91$24,665,065$6,917,369$4,622,097$14,335,358
92$27,125,085$7,200,503$4,721,120$15,510,840
93$29,834,269$7,495,753$4,821,703$16,796,325
94$32,817,976$7,803,656$4,923,841$18,202,670
95$36,104,150$8,124,776$5,027,531$19,741,823
96$39,723,584$8,459,700$5,132,764$21,426,938
97$43,710,210$8,809,046$5,239,532$23,272,493
98$48,101,418$9,173,457$5,347,823$25,294,427
99$52,938,413$9,553,606$5,457,625$27,510,288
100$58,266,596$9,950,197$5,568,920$29,939,397