Can I retire at age 68 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$222,138$220,159$218,229$216,344$214,504$211,125
2 years$109,969$107,921$105,936$104,012$102,145$98,749
3 years$72,585$70,528$68,548$66,641$64,805$61,498
4 years$53,896$51,845$49,885$48,011$46,219$43,027
5 years$42,686$40,647$38,713$36,877$35,135$32,067
6 years$35,215$33,192$31,286$29,491$27,801$24,860
7 years$29,880$27,874$25,999$24,246$22,610$19,797
8 years$25,881$23,893$22,049$20,340$18,757$16,072
9 years$22,773$20,803$18,991$17,325$15,796$13,237
10 years$20,287$18,337$16,557$14,934$13,459$11,025
11 years$18,255$16,325$14,576$12,997$11,575$9,263
12 years$16,562$14,652$12,936$11,400$10,031$7,837
13 years$15,132$13,241$11,557$10,065$8,747$6,669
14 years$13,906$12,036$10,384$8,934$7,668$5,702
15 years$12,845$10,995$9,376$7,968$6,751$4,895
16 years$11,918$10,088$8,500$7,134$5,967$4,215
17 years$11,100$9,290$7,735$6,410$5,291$3,640
18 years$10,374$8,585$7,061$5,777$4,704$3,151
19 years$9,726$7,956$6,464$5,220$4,193$2,733
20 years$9,142$7,393$5,932$4,728$3,745$2,375
21 years$8,616$6,887$5,457$4,291$3,352$2,066
22 years$8,137$6,428$5,029$3,901$3,004$1,800
23 years$7,701$6,012$4,644$3,553$2,697$1,570
24 years$7,302$5,633$4,295$3,240$2,424$1,371
25 years$6,935$5,286$3,978$2,959$2,181$1,198
26 years$6,597$4,968$3,689$2,706$1,965$1,047
27 years$6,285$4,676$3,426$2,477$1,771$916
28 years$5,995$4,406$3,185$2,269$1,598$802
29 years$5,726$4,157$2,963$2,081$1,443$702
30 years$5,476$3,925$2,760$1,910$1,304$616
31 years$5,242$3,711$2,573$1,754$1,179$539
32 years$5,023$3,511$2,401$1,612$1,066$473
33 years$4,817$3,325$2,242$1,482$965$415
34 years$4,625$3,152$2,095$1,364$874$364
35 years$4,443$2,989$1,958$1,256$791$319
36 years$4,272$2,837$1,832$1,156$717$280
37 years$4,111$2,695$1,715$1,065$650$246
38 years$3,959$2,561$1,606$982$589$216
39 years$3,814$2,435$1,504$905$534$190
40 years$3,678$2,317$1,410$835$485$166
41 years$3,548$2,205$1,322$771$440$146
42 years$3,425$2,100$1,240$711$399$128
43 years$3,308$2,001$1,164$656$362$113
44 years$3,196$1,908$1,092$606$329$99
45 years$3,090$1,819$1,026$560$298$87
46 years$2,989$1,735$963$517$271$76
47 years$2,892$1,656$905$478$246$67
48 years$2,799$1,581$851$441$223$59
49 years$2,711$1,510$799$408$203$52
50 years$2,626$1,442$752$377$184$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,690,000, adding $5,990 every year, while hoping to spend $35,851 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: 73/16/11 Blend
67$2,690,000$2,690,000$2,690,000$2,690,000
68$2,970,559$2,827,989$2,786,294$3,180,574
69$3,235,410$2,928,415$2,841,489$3,420,578
70$3,526,076$3,032,561$2,897,332$3,678,338
71$3,845,149$3,140,570$2,953,807$3,959,675
72$4,195,490$3,252,593$3,010,895$4,266,912
73$4,580,246$3,368,787$3,068,576$4,602,606
74$5,002,888$3,489,314$3,126,830$4,969,573
75$5,467,235$3,614,343$3,185,632$5,370,913
76$5,977,499$3,744,052$3,244,957$5,810,039
77$6,538,317$3,878,623$3,304,776$6,290,710
78$7,154,799$4,018,249$3,365,059$6,817,065
79$7,832,573$4,163,128$3,425,773$7,393,662
80$8,577,841$4,313,467$3,486,882$8,025,522
81$9,397,437$4,469,483$3,548,349$8,718,173
82$10,298,888$4,631,400$3,610,131$9,477,704
83$11,290,489$4,799,453$3,672,185$10,310,823
84$12,381,379$4,973,886$3,734,463$11,224,916
85$13,581,626$5,154,953$3,796,913$12,228,121
86$14,902,324$5,342,918$3,859,483$13,329,401
87$16,355,698$5,538,058$3,922,112$14,538,630
88$17,955,216$5,740,660$3,984,740$15,866,683
89$19,715,719$5,951,023$4,047,299$17,325,543
90$21,653,559$6,169,460$4,109,721$18,928,409
91$23,786,754$6,396,295$4,171,928$20,689,821
92$26,135,158$6,631,868$4,233,843$22,625,800
93$28,720,646$6,876,533$4,295,379$24,753,993
94$31,567,326$7,130,656$4,356,447$27,093,845
95$34,701,757$7,394,622$4,416,953$29,666,776
96$38,153,209$7,668,832$4,476,794$32,496,389
97$41,953,933$7,953,702$4,535,863$35,608,687
98$46,139,468$8,249,667$4,594,048$39,032,318
99$50,748,974$8,557,180$4,651,229$42,798,848
100$55,825,603$8,876,715$4,707,278$46,943,057