Can I retire at age 68 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$199,016$197,243$195,513$193,825$192,177$190,091
2 years$98,523$96,688$94,909$93,185$91,513$89,412
3 years$65,029$63,186$61,413$59,705$58,059$56,010
4 years$48,286$46,449$44,693$43,014$41,408$39,426
5 years$38,243$36,416$34,683$33,039$31,478$29,568
6 years$31,549$29,737$28,029$26,421$24,908$23,072
7 years$26,770$24,973$23,292$21,722$20,256$18,496
8 years$23,187$21,406$19,754$18,222$16,805$15,120
9 years$20,402$18,638$17,014$15,521$14,152$12,542
10 years$18,175$16,429$14,833$13,380$12,058$10,522
11 years$16,355$14,625$13,059$11,644$10,370$8,907
12 years$14,839$13,127$11,589$10,214$8,987$7,594
13 years$13,557$11,863$10,354$9,017$7,837$6,513
14 years$12,459$10,783$9,303$8,004$6,870$5,614
15 years$11,508$9,851$8,400$7,138$6,049$4,858
16 years$10,677$9,038$7,616$6,392$5,346$4,219
17 years$9,945$8,323$6,930$5,743$4,740$3,674
18 years$9,294$7,691$6,326$5,176$4,214$3,208
19 years$8,713$7,128$5,791$4,677$3,756$2,807
20 years$8,191$6,624$5,315$4,236$3,355$2,461
21 years$7,719$6,170$4,889$3,844$3,003$2,160
22 years$7,290$5,759$4,506$3,495$2,691$1,899
23 years$6,899$5,387$4,160$3,183$2,416$1,672
24 years$6,542$5,047$3,848$2,903$2,172$1,473
25 years$6,213$4,736$3,564$2,651$1,954$1,300
26 years$5,911$4,451$3,305$2,424$1,760$1,147
27 years$5,631$4,189$3,069$2,219$1,587$1,013
28 years$5,371$3,947$2,853$2,033$1,432$896
29 years$5,130$3,724$2,655$1,864$1,293$792
30 years$4,906$3,517$2,473$1,711$1,168$701
31 years$4,696$3,325$2,306$1,571$1,056$621
32 years$4,500$3,146$2,151$1,444$955$549
33 years$4,316$2,979$2,008$1,328$865$487
34 years$4,143$2,823$1,877$1,222$783$431
35 years$3,981$2,678$1,755$1,125$709$382
36 years$3,828$2,542$1,641$1,036$642$339
37 years$3,683$2,414$1,536$954$582$300
38 years$3,547$2,294$1,439$880$528$266
39 years$3,417$2,182$1,348$811$479$236
40 years$3,295$2,076$1,263$748$434$210
41 years$3,179$1,976$1,185$690$394$186
42 years$3,068$1,882$1,111$637$357$165
43 years$2,963$1,793$1,043$588$324$146
44 years$2,863$1,709$979$543$294$130
45 years$2,768$1,630$919$501$267$115
46 years$2,677$1,555$863$463$243$102
47 years$2,591$1,484$811$428$220$91
48 years$2,508$1,416$762$395$200$81
49 years$2,429$1,353$716$365$182$72
50 years$2,353$1,292$673$338$165$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,410,000, adding $6,065 every year, while hoping to spend $45,603 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: 26/47/27 Blend
67$2,410,000$2,410,000$2,410,000$2,410,000
68$2,662,076$2,534,346$2,496,991$2,708,653
69$2,885,087$2,610,008$2,532,119$2,822,865
70$3,129,316$2,687,848$2,566,895$2,941,013
71$3,396,880$2,767,927$2,601,260$3,066,839
72$3,690,109$2,850,303$2,635,150$3,201,021
73$4,011,570$2,935,038$2,668,497$3,344,306
74$4,364,090$3,022,194$2,701,232$3,497,517
75$4,750,782$3,111,837$2,733,278$3,661,555
76$5,175,076$3,204,031$2,764,557$3,837,415
77$5,640,749$3,298,843$2,794,985$4,026,186
78$6,151,962$3,396,343$2,824,473$4,229,073
79$6,713,297$3,496,599$2,852,928$4,447,395
80$7,329,805$3,599,684$2,880,253$4,682,607
81$8,007,047$3,705,670$2,906,343$4,936,311
82$8,751,150$3,814,632$2,931,090$5,210,268
83$9,568,863$3,926,646$2,954,378$5,506,418
84$10,467,625$4,041,789$2,976,087$5,826,896
85$11,455,626$4,160,140$2,996,089$6,174,053
86$12,541,893$4,281,780$3,014,251$6,550,478
87$13,736,369$4,406,790$3,030,432$6,959,020
88$15,050,011$4,535,255$3,044,484$7,402,819
89$16,494,890$4,667,260$3,056,251$7,885,333
90$18,084,304$4,802,891$3,065,571$8,410,369
91$19,832,906$4,942,236$3,072,271$8,982,122
92$21,756,842$5,085,386$3,076,171$9,605,210
93$23,873,901$5,232,430$3,077,084$10,284,725
94$26,203,682$5,383,462$3,074,809$11,026,271
95$28,767,782$5,538,576$3,069,140$11,836,025
96$31,589,997$5,697,868$3,059,857$12,720,792
97$34,696,546$5,861,433$3,046,732$13,688,068
98$38,116,322$6,029,371$3,029,526$14,746,112
99$41,881,157$6,201,781$3,007,985$15,904,025
100$46,026,130$6,378,764$2,981,848$17,171,834