Can I retire at age 68 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$207,273$205,427$203,626$201,868$200,151$193,434
2 years$102,611$100,700$98,848$97,052$95,310$88,609
3 years$67,728$65,808$63,961$62,182$60,469$53,994
4 years$50,289$48,376$46,547$44,799$43,127$36,928
5 years$39,829$37,927$36,122$34,410$32,784$26,878
6 years$32,858$30,971$29,192$27,518$25,941$20,332
7 years$27,881$26,009$24,259$22,624$21,097$15,785
8 years$24,149$22,295$20,574$18,979$17,502$12,482
9 years$21,249$19,411$17,720$16,166$14,739$10,005
10 years$18,930$17,110$15,449$13,935$12,559$8,103
11 years$17,033$15,232$13,601$12,127$10,801$6,615
12 years$15,454$13,672$12,070$10,637$9,360$5,435
13 years$14,119$12,355$10,784$9,391$8,162$4,488
14 years$12,976$11,230$9,690$8,337$7,155$3,720
15 years$11,986$10,259$8,748$7,435$6,300$3,095
16 years$11,120$9,413$7,932$6,657$5,568$2,581
17 years$10,357$8,669$7,217$5,981$4,937$2,157
18 years$9,680$8,010$6,589$5,390$4,389$1,807
19 years$9,075$7,424$6,032$4,871$3,912$1,515
20 years$8,531$6,899$5,535$4,411$3,495$1,272
21 years$8,039$6,426$5,092$4,003$3,127$1,070
22 years$7,593$5,998$4,693$3,640$2,803$900
23 years$7,186$5,610$4,333$3,315$2,516$758
24 years$6,813$5,256$4,007$3,024$2,262$638
25 years$6,471$4,933$3,711$2,761$2,035$538
26 years$6,156$4,636$3,442$2,525$1,833$454
27 years$5,864$4,363$3,196$2,311$1,653$383
28 years$5,594$4,111$2,971$2,117$1,491$323
29 years$5,343$3,878$2,765$1,942$1,347$273
30 years$5,109$3,663$2,576$1,782$1,217$230
31 years$4,891$3,463$2,401$1,637$1,100$194
32 years$4,687$3,276$2,240$1,504$995$164
33 years$4,495$3,103$2,092$1,383$901$139
34 years$4,315$2,941$1,954$1,273$815$117
35 years$4,146$2,789$1,827$1,171$738$99
36 years$3,986$2,647$1,709$1,079$669$84
37 years$3,836$2,514$1,600$994$606$71
38 years$3,694$2,390$1,498$916$550$60
39 years$3,559$2,272$1,404$845$499$50
40 years$3,432$2,162$1,316$779$452$43
41 years$3,311$2,058$1,234$719$410$36
42 years$3,196$1,960$1,157$664$372$30
43 years$3,086$1,867$1,086$612$338$26
44 years$2,982$1,780$1,019$566$307$22
45 years$2,883$1,697$957$522$278$18
46 years$2,789$1,619$899$482$253$16
47 years$2,698$1,545$845$446$230$13
48 years$2,612$1,475$794$412$208$11
49 years$2,530$1,409$746$381$189$9
50 years$2,451$1,346$701$352$172$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,510,000, adding $4,002 every year, while hoping to spend $31,012 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: 32/50/18 Blend
67$2,510,000$2,510,000$2,510,000$2,510,000
68$2,770,148$2,637,118$2,598,213$2,843,118
69$3,019,707$2,733,340$2,652,257$2,993,990
70$3,293,681$2,833,238$2,707,071$3,153,264
71$3,594,528$2,936,959$2,762,650$3,324,163
72$3,924,956$3,044,656$2,818,985$3,507,722
73$4,287,947$3,156,489$2,876,066$3,705,074
74$4,686,786$3,272,626$2,933,883$3,917,465
75$5,125,093$3,393,239$2,992,423$4,146,258
76$5,606,856$3,518,511$3,051,672$4,392,953
77$6,136,466$3,648,630$3,111,615$4,659,195
78$6,718,765$3,783,792$3,172,233$4,946,790
79$7,359,085$3,924,203$3,233,509$5,257,724
80$8,063,300$4,070,077$3,295,419$5,594,176
81$8,837,882$4,221,637$3,357,942$5,958,541
82$9,689,964$4,379,115$3,421,051$6,353,452
83$10,627,403$4,542,754$3,484,719$6,781,802
84$11,658,856$4,712,807$3,548,915$7,246,770
85$12,793,863$4,889,538$3,613,606$7,751,853
86$14,042,932$5,073,221$3,678,758$8,300,895
87$15,417,646$5,264,143$3,744,331$8,898,122
88$16,930,764$5,462,604$3,810,284$9,548,185
89$18,596,347$5,668,917$3,876,573$10,256,197
90$20,429,886$5,883,406$3,943,150$11,027,783
91$22,448,453$6,106,411$4,009,964$11,869,132
92$24,670,857$6,338,287$4,076,960$12,787,053
93$27,117,825$6,579,404$4,144,079$13,789,038
94$29,812,196$6,830,147$4,211,258$14,883,331
95$32,779,136$7,090,920$4,278,431$16,079,007
96$36,046,376$7,362,143$4,345,527$17,386,052
97$39,644,473$7,644,255$4,412,469$18,815,458
98$43,607,099$7,937,713$4,479,176$20,379,323
99$47,971,358$8,242,996$4,545,563$22,090,967
100$52,778,135$8,560,602$4,611,539$23,965,054