Can I retire at age 68 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$203,970$202,153$200,381$198,651$196,961$189,296
2 years$100,975$99,095$97,272$95,505$93,791$86,161
3 years$66,648$64,760$62,942$61,191$59,505$52,150
4 years$49,488$47,605$45,805$44,085$42,439$35,416
5 years$39,195$37,323$35,547$33,861$32,262$25,588
6 years$32,335$30,477$28,727$27,079$25,528$19,208
7 years$27,436$25,595$23,872$22,263$20,761$14,793
8 years$23,765$21,939$20,246$18,676$17,223$11,601
9 years$20,910$19,102$17,438$15,908$14,504$9,219
10 years$18,628$16,838$15,202$13,713$12,358$7,401
11 years$16,762$14,989$13,384$11,934$10,629$5,987
12 years$15,208$13,454$11,878$10,468$9,211$4,873
13 years$13,894$12,158$10,612$9,242$8,032$3,985
14 years$12,769$11,052$9,535$8,204$7,041$3,272
15 years$11,795$10,096$8,609$7,316$6,199$2,695
16 years$10,943$9,263$7,805$6,551$5,479$2,225
17 years$10,192$8,531$7,102$5,886$4,858$1,840
18 years$9,526$7,883$6,484$5,304$4,319$1,525
19 years$8,930$7,306$5,935$4,793$3,850$1,266
20 years$8,395$6,789$5,447$4,341$3,439$1,051
21 years$7,911$6,323$5,010$3,940$3,077$874
22 years$7,472$5,903$4,618$3,582$2,758$728
23 years$7,071$5,521$4,264$3,262$2,476$606
24 years$6,705$5,172$3,943$2,975$2,226$505
25 years$6,368$4,854$3,652$2,717$2,003$421
26 years$6,058$4,562$3,387$2,485$1,804$351
27 years$5,771$4,293$3,145$2,274$1,626$293
28 years$5,505$4,046$2,924$2,084$1,468$244
29 years$5,258$3,817$2,721$1,911$1,325$204
30 years$5,028$3,604$2,535$1,754$1,197$170
31 years$4,813$3,407$2,363$1,611$1,083$142
32 years$4,612$3,224$2,205$1,480$979$119
33 years$4,423$3,053$2,058$1,361$886$99
34 years$4,246$2,894$1,923$1,252$802$83
35 years$4,080$2,745$1,798$1,153$727$69
36 years$3,923$2,605$1,682$1,062$658$58
37 years$3,775$2,474$1,574$978$597$48
38 years$3,635$2,351$1,474$902$541$40
39 years$3,502$2,236$1,381$831$491$34
40 years$3,377$2,127$1,295$767$445$28
41 years$3,258$2,025$1,214$707$404$23
42 years$3,145$1,929$1,139$653$366$20
43 years$3,037$1,838$1,069$603$332$16
44 years$2,935$1,752$1,003$557$302$14
45 years$2,837$1,670$942$514$274$11
46 years$2,744$1,593$885$475$249$10
47 years$2,655$1,521$831$439$226$8
48 years$2,570$1,452$781$405$205$7
49 years$2,489$1,386$734$375$186$6
50 years$2,412$1,324$690$346$169$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,470,000, adding $2,424 every year, while hoping to spend $42,679 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: 65/22/13 Blend
67$2,470,000$2,470,000$2,470,000$2,470,000
68$2,724,440$2,593,530$2,555,245$2,893,158
69$2,956,923$2,675,203$2,595,436$3,087,835
70$3,211,689$2,759,448$2,635,543$3,295,271
71$3,490,965$2,846,345$2,675,517$3,520,861
72$3,797,205$2,935,977$2,715,309$3,766,377
73$4,133,113$3,028,432$2,754,864$4,033,766
74$4,501,663$3,123,798$2,794,125$4,325,174
75$4,906,135$3,222,167$2,833,030$4,642,962
76$5,350,140$3,323,633$2,871,516$4,989,730
77$5,837,657$3,428,293$2,909,514$5,368,342
78$6,373,066$3,536,248$2,946,952$5,781,949
79$6,961,197$3,647,602$2,983,753$6,234,024
80$7,607,367$3,762,462$3,019,836$6,728,389
81$8,317,434$3,880,938$3,055,116$7,269,256
82$9,097,852$4,003,144$3,089,502$7,861,261
83$9,955,732$4,129,198$3,122,900$8,509,513
84$10,898,908$4,259,220$3,155,209$9,219,637
85$11,936,010$4,393,335$3,186,321$9,997,830
86$13,076,547$4,531,672$3,216,127$10,850,918
87$14,330,996$4,674,365$3,244,508$11,786,421
88$15,710,898$4,821,549$3,271,340$12,812,620
89$17,228,972$4,973,367$3,296,492$13,938,642
90$18,899,229$5,129,965$3,319,827$15,174,539
91$20,737,109$5,291,492$3,341,199$16,531,385
92$22,759,623$5,458,104$3,360,458$18,021,380
93$24,985,514$5,629,960$3,377,443$19,657,967
94$27,435,435$5,807,227$3,391,986$21,455,954
95$30,132,142$5,990,074$3,403,910$23,431,657
96$33,100,709$6,178,676$3,413,030$25,603,054
97$36,368,766$6,373,215$3,419,151$27,989,950
98$39,966,755$6,573,878$3,422,067$30,614,168
99$43,928,223$6,780,857$3,421,566$33,499,753
100$48,290,134$6,994,351$3,417,420$36,673,199