Can I retire at age 68 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$203,145$201,335$199,570$197,846$196,164$194,602
2 years$100,567$98,694$96,878$95,118$93,411$91,836
3 years$66,378$64,497$62,687$60,943$59,264$57,725
4 years$49,288$47,412$45,620$43,906$42,268$40,777
5 years$39,036$37,172$35,403$33,724$32,131$30,693
6 years$32,204$30,354$28,611$26,970$25,424$24,041
7 years$27,325$25,491$23,776$22,173$20,677$19,348
8 years$23,668$21,850$20,164$18,600$17,153$15,879
9 years$20,825$19,025$17,367$15,843$14,446$13,226
10 years$18,552$16,769$15,141$13,657$12,308$11,143
11 years$16,694$14,929$13,330$11,886$10,586$9,473
12 years$15,146$13,399$11,830$10,426$9,173$8,113
13 years$13,838$12,109$10,569$9,204$7,999$6,990
14 years$12,717$11,007$9,496$8,170$7,012$6,052
15 years$11,747$10,055$8,574$7,287$6,174$5,262
16 years$10,899$9,225$7,774$6,524$5,457$4,592
17 years$10,151$8,496$7,074$5,862$4,838$4,019
18 years$9,487$7,851$6,457$5,283$4,302$3,526
19 years$8,894$7,276$5,911$4,774$3,834$3,101
20 years$8,361$6,761$5,425$4,323$3,425$2,732
21 years$7,879$6,298$4,990$3,924$3,065$2,411
22 years$7,441$5,879$4,599$3,568$2,747$2,131
23 years$7,043$5,498$4,247$3,249$2,466$1,886
24 years$6,678$5,152$3,927$2,963$2,217$1,671
25 years$6,342$4,834$3,637$2,706$1,995$1,482
26 years$6,033$4,544$3,374$2,474$1,797$1,316
27 years$5,748$4,276$3,133$2,265$1,620$1,169
28 years$5,483$4,029$2,912$2,075$1,462$1,039
29 years$5,237$3,801$2,710$1,903$1,320$924
30 years$5,007$3,590$2,524$1,746$1,193$822
31 years$4,793$3,394$2,353$1,604$1,078$732
32 years$4,593$3,211$2,196$1,474$975$652
33 years$4,405$3,041$2,050$1,356$883$581
34 years$4,229$2,882$1,916$1,247$799$518
35 years$4,063$2,734$1,791$1,148$724$462
36 years$3,907$2,595$1,675$1,057$656$412
37 years$3,760$2,464$1,568$974$594$367
38 years$3,620$2,342$1,468$898$539$328
39 years$3,488$2,227$1,376$828$489$292
40 years$3,363$2,119$1,290$764$443$261
41 years$3,245$2,017$1,209$705$402$233
42 years$3,132$1,921$1,134$650$365$208
43 years$3,025$1,830$1,064$600$331$186
44 years$2,923$1,744$999$554$301$166
45 years$2,826$1,664$938$512$273$148
46 years$2,733$1,587$881$473$248$132
47 years$2,645$1,514$828$437$225$118
48 years$2,560$1,446$778$404$204$105
49 years$2,479$1,381$731$373$186$94
50 years$2,402$1,319$687$345$169$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,460,000, adding $3,758 every year, while hoping to spend $59,698 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: 30/49/21 Blend
67$2,460,000$2,460,000$2,460,000$2,460,000
68$2,714,796$2,584,416$2,546,286$2,778,322
69$2,928,187$2,647,535$2,568,069$2,890,194
70$3,161,343$2,711,745$2,588,580$3,004,855
71$3,416,218$2,777,037$2,607,715$3,126,958
72$3,694,960$2,843,400$2,625,361$3,257,183
73$3,999,938$2,910,819$2,641,403$3,396,280
74$4,333,759$2,979,277$2,655,717$3,545,075
75$4,699,294$3,048,752$2,668,175$3,704,479
76$5,099,702$3,119,222$2,678,639$3,875,496
77$5,538,467$3,190,658$2,686,969$4,059,232
78$6,019,421$3,263,031$2,693,013$4,256,906
79$6,546,787$3,336,305$2,696,614$4,469,861
80$7,125,217$3,410,441$2,697,608$4,699,580
81$7,759,832$3,485,396$2,695,821$4,947,697
82$8,456,274$3,561,120$2,691,070$5,216,012
83$9,220,760$3,637,561$2,683,167$5,506,511
84$10,060,134$3,714,658$2,671,910$5,821,385
85$10,981,939$3,792,347$2,657,089$6,163,046
86$11,994,481$3,870,556$2,638,486$6,534,158
87$13,106,912$3,949,208$2,615,870$6,937,656
88$14,329,315$4,028,217$2,589,000$7,376,778
89$15,672,797$4,107,491$2,557,622$7,855,092
90$17,149,592$4,186,928$2,521,473$8,376,536
91$18,773,184$4,266,421$2,480,275$8,945,451
92$20,558,423$4,345,850$2,433,739$9,566,622
93$22,521,673$4,425,088$2,381,561$10,245,329
94$24,680,964$4,503,997$2,323,422$10,987,392
95$27,056,157$4,582,427$2,258,992$11,799,229
96$29,669,138$4,660,220$2,187,922$12,687,918
97$32,544,021$4,737,202$2,109,848$13,661,265
98$35,707,375$4,813,187$2,024,391$14,727,873
99$39,188,471$4,887,978$1,931,153$15,897,234
100$43,019,567$4,961,361$1,829,718$17,179,812