Can I retire at age 68 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$208,925$207,064$205,248$203,476$201,746$197,592
2 years$103,428$101,502$99,635$97,825$96,069$91,903
3 years$68,267$66,333$64,471$62,677$60,950$56,902
4 years$50,690$48,762$46,918$45,156$43,470$39,571
5 years$40,147$38,230$36,410$34,684$33,045$29,306
6 years$33,120$31,217$29,425$27,737$26,148$22,572
7 years$28,103$26,216$24,452$22,804$21,265$17,854
8 years$24,342$22,472$20,737$19,130$17,641$14,395
9 years$21,418$19,566$17,861$16,294$14,857$11,771
10 years$19,080$17,247$15,572$14,046$12,659$9,732
11 years$17,169$15,354$13,709$12,224$10,887$8,115
12 years$15,577$13,781$12,167$10,722$9,434$6,813
13 years$14,232$12,454$10,870$9,466$8,227$5,752
14 years$13,079$11,320$9,767$8,403$7,212$4,878
15 years$12,081$10,341$8,818$7,494$6,350$4,153
16 years$11,209$9,488$7,995$6,710$5,612$3,546
17 years$10,440$8,738$7,275$6,029$4,976$3,036
18 years$9,757$8,074$6,641$5,433$4,424$2,605
19 years$9,147$7,483$6,080$4,909$3,943$2,240
20 years$8,599$6,954$5,580$4,446$3,522$1,929
21 years$8,103$6,477$5,132$4,035$3,152$1,663
22 years$7,653$6,046$4,730$3,669$2,825$1,436
23 years$7,243$5,655$4,367$3,342$2,536$1,241
24 years$6,868$5,298$4,039$3,048$2,280$1,073
25 years$6,523$4,972$3,741$2,783$2,051$929
26 years$6,205$4,673$3,470$2,545$1,848$804
27 years$5,911$4,398$3,222$2,329$1,666$697
28 years$5,639$4,144$2,995$2,134$1,503$604
29 years$5,386$3,909$2,787$1,957$1,357$524
30 years$5,150$3,692$2,596$1,796$1,226$454
31 years$4,930$3,490$2,420$1,650$1,109$394
32 years$4,724$3,302$2,258$1,516$1,003$342
33 years$4,531$3,127$2,109$1,394$908$297
34 years$4,350$2,964$1,970$1,283$822$258
35 years$4,179$2,811$1,842$1,181$744$224
36 years$4,018$2,668$1,723$1,088$674$195
37 years$3,867$2,534$1,613$1,002$611$169
38 years$3,723$2,409$1,510$924$554$147
39 years$3,587$2,290$1,415$852$503$128
40 years$3,459$2,179$1,326$785$456$111
41 years$3,337$2,074$1,244$725$414$97
42 years$3,221$1,975$1,167$669$375$84
43 years$3,111$1,882$1,095$617$341$73
44 years$3,006$1,794$1,027$570$309$63
45 years$2,906$1,711$965$526$281$55
46 years$2,811$1,632$906$486$255$48
47 years$2,720$1,558$851$449$231$42
48 years$2,633$1,487$800$415$210$36
49 years$2,550$1,420$752$384$191$31
50 years$2,470$1,356$707$355$173$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,530,000, adding $6,682 every year, while hoping to spend $57,441 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: 54/25/21 Blend
67$2,530,000$2,530,000$2,530,000$2,530,000
68$2,794,952$2,660,862$2,621,647$2,929,508
69$3,018,921$2,730,128$2,648,356$3,091,806
70$3,263,809$2,800,862$2,674,034$3,261,801
71$3,531,690$2,873,077$2,698,586$3,445,626
72$3,824,846$2,946,781$2,721,913$3,644,621
73$4,145,791$3,021,985$2,743,908$3,860,262
74$4,497,293$3,098,693$2,764,460$4,094,173
75$4,882,400$3,176,913$2,783,453$4,348,145
76$5,304,470$3,256,646$2,800,763$4,624,150
77$5,767,198$3,337,894$2,816,261$4,924,359
78$6,274,657$3,420,656$2,829,811$5,251,167
79$6,831,333$3,504,928$2,841,270$5,607,209
80$7,442,164$3,590,705$2,850,487$5,995,393
81$8,112,591$3,677,976$2,857,306$6,418,920
82$8,848,609$3,766,731$2,861,559$6,881,316
83$9,656,820$3,856,953$2,863,074$7,386,470
84$10,544,497$3,948,625$2,861,668$7,938,665
85$11,519,650$4,041,723$2,857,149$8,542,622
86$12,591,108$4,136,220$2,849,316$9,203,542
87$13,768,592$4,232,086$2,837,960$9,927,158
88$15,062,815$4,329,285$2,822,858$10,719,787
89$16,485,579$4,427,776$2,803,780$11,588,392
90$18,049,884$4,527,514$2,780,484$12,540,645
91$19,770,057$4,628,446$2,752,714$13,585,003
92$21,661,878$4,730,515$2,720,205$14,730,783
93$23,742,735$4,833,657$2,682,678$15,988,256
94$26,031,788$4,937,800$2,639,842$17,368,741
95$28,550,144$5,042,866$2,591,390$18,884,713
96$31,321,061$5,148,768$2,537,003$20,549,920
97$34,370,163$5,255,411$2,476,347$22,379,513
98$37,725,685$5,362,692$2,409,070$24,390,192
99$41,418,739$5,470,498$2,334,808$26,600,360
100$45,483,602$5,578,705$2,253,176$29,030,302