Can I retire at age 68 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$208,099$206,246$204,437$202,672$200,948$198,685
2 years$103,019$101,101$99,241$97,438$95,690$93,411
3 years$67,997$66,070$64,216$62,430$60,709$58,486
4 years$50,490$48,569$46,733$44,977$43,299$41,148
5 years$39,988$38,079$36,266$34,547$32,915$30,843
6 years$32,989$31,094$29,309$27,627$26,044$24,054
7 years$27,992$26,113$24,356$22,714$21,181$19,273
8 years$24,246$22,383$20,655$19,054$17,572$15,746
9 years$21,333$19,489$17,791$16,230$14,798$13,054
10 years$19,005$17,178$15,510$13,990$12,609$10,945
11 years$17,101$15,293$13,655$12,176$10,844$9,259
12 years$15,516$13,726$12,118$10,680$9,397$7,889
13 years$14,175$12,404$10,827$9,429$8,194$6,762
14 years$13,027$11,275$9,728$8,370$7,183$5,824
15 years$12,033$10,300$8,783$7,464$6,325$5,037
16 years$11,165$9,450$7,963$6,683$5,590$4,371
17 years$10,399$8,703$7,246$6,005$4,956$3,804
18 years$9,719$8,042$6,615$5,412$4,407$3,319
19 years$9,111$7,453$6,056$4,890$3,928$2,902
20 years$8,565$6,926$5,558$4,429$3,508$2,542
21 years$8,071$6,451$5,112$4,019$3,140$2,230
22 years$7,623$6,022$4,711$3,655$2,814$1,959
23 years$7,214$5,632$4,350$3,328$2,526$1,724
24 years$6,840$5,277$4,023$3,036$2,271$1,518
25 years$6,497$4,952$3,726$2,772$2,043$1,338
26 years$6,180$4,654$3,456$2,535$1,840$1,180
27 years$5,888$4,380$3,209$2,320$1,659$1,041
28 years$5,617$4,128$2,983$2,126$1,497$920
29 years$5,364$3,894$2,776$1,949$1,352$813
30 years$5,130$3,677$2,586$1,789$1,222$719
31 years$4,910$3,476$2,411$1,643$1,104$636
32 years$4,705$3,289$2,249$1,510$999$562
33 years$4,513$3,115$2,100$1,389$904$498
34 years$4,332$2,952$1,962$1,278$819$441
35 years$4,162$2,800$1,835$1,176$741$390
36 years$4,002$2,658$1,716$1,083$672$346
37 years$3,851$2,524$1,606$998$609$306
38 years$3,708$2,399$1,504$920$552$271
39 years$3,573$2,281$1,409$848$501$240
40 years$3,445$2,170$1,321$782$454$213
41 years$3,324$2,066$1,239$722$412$189
42 years$3,208$1,968$1,162$666$374$168
43 years$3,099$1,875$1,090$615$339$149
44 years$2,994$1,787$1,023$568$308$132
45 years$2,895$1,704$961$524$280$117
46 years$2,800$1,626$903$484$254$104
47 years$2,709$1,551$848$447$230$92
48 years$2,622$1,481$797$414$209$81
49 years$2,540$1,414$749$382$190$72
50 years$2,460$1,351$704$353$173$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,520,000, adding $5,312 every year, while hoping to spend $48,383 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: 67/25/8 Blend
67$2,520,000$2,520,000$2,520,000$2,520,000
68$2,782,519$2,648,959$2,609,899$2,964,465
69$3,014,857$2,727,279$2,645,852$3,164,264
70$3,269,272$2,807,815$2,681,387$3,376,302
71$3,547,964$2,890,625$2,716,440$3,606,826
72$3,853,358$2,975,767$2,750,942$3,857,636
73$4,188,122$3,063,301$2,784,820$4,130,710
74$4,555,196$3,153,288$2,817,997$4,428,231
75$4,957,818$3,245,791$2,850,393$4,752,598
76$5,399,554$3,340,874$2,881,920$5,106,454
77$5,884,333$3,438,601$2,912,488$5,492,710
78$6,416,481$3,539,038$2,942,002$5,914,569
79$7,000,764$3,642,253$2,970,362$6,375,560
80$7,642,433$3,748,315$2,997,460$6,879,569
81$8,347,271$3,857,292$3,023,185$7,430,876
82$9,121,650$3,969,257$3,047,419$8,034,193
83$9,972,589$4,084,281$3,070,038$8,694,712
84$10,907,821$4,202,438$3,090,911$9,418,152
85$11,935,863$4,323,803$3,109,902$10,210,810
86$13,066,103$4,448,450$3,126,865$11,079,625
87$14,308,880$4,576,459$3,141,649$12,032,238
88$15,675,586$4,707,905$3,154,095$13,077,068
89$17,178,773$4,842,870$3,164,034$14,223,391
90$18,832,269$4,981,432$3,171,291$15,481,423
91$20,651,312$5,123,674$3,175,681$16,862,420
92$22,652,689$5,269,677$3,177,009$18,378,783
93$24,854,898$5,419,526$3,175,073$20,044,175
94$27,278,318$5,573,303$3,169,659$21,873,647
95$29,945,406$5,731,094$3,160,542$23,883,785
96$32,880,905$5,892,985$3,147,487$26,092,860
97$36,112,078$6,059,063$3,130,249$28,521,005
98$39,668,967$6,229,414$3,108,569$31,190,402
99$43,584,672$6,404,126$3,082,177$34,125,492
100$47,895,668$6,583,287$3,050,789$37,353,205