Can I retire at age 68 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$212,228$210,338$208,493$206,693$204,935$198,773
2 years$105,063$103,107$101,210$99,372$97,588$91,432
3 years$69,347$67,381$65,490$63,668$61,914$55,957
4 years$51,492$49,532$47,660$45,870$44,158$38,445
5 years$40,781$38,834$36,986$35,232$33,568$28,115
6 years$33,644$31,711$29,890$28,175$26,561$21,373
7 years$28,547$26,631$24,839$23,165$21,601$16,678
8 years$24,727$22,828$21,065$19,432$17,920$13,258
9 years$21,757$19,875$18,144$16,552$15,092$10,686
10 years$19,382$17,519$15,818$14,268$12,859$8,704
11 years$17,440$15,596$13,926$12,417$11,059$7,147
12 years$15,824$13,998$12,359$10,892$9,583$5,907
13 years$14,457$12,650$11,042$9,616$8,357$4,907
14 years$13,286$11,499$9,921$8,536$7,326$4,094
15 years$12,272$10,505$8,957$7,612$6,450$3,427
16 years$11,386$9,638$8,121$6,816$5,701$2,877
17 years$10,605$8,876$7,390$6,124$5,055$2,421
18 years$9,912$8,202$6,746$5,519$4,494$2,041
19 years$9,292$7,601$6,176$4,987$4,006$1,723
20 years$8,735$7,064$5,668$4,517$3,578$1,457
21 years$8,231$6,579$5,213$4,099$3,202$1,233
22 years$7,774$6,142$4,805$3,727$2,870$1,045
23 years$7,358$5,744$4,436$3,394$2,576$886
24 years$6,976$5,382$4,103$3,096$2,316$752
25 years$6,626$5,051$3,800$2,827$2,084$638
26 years$6,303$4,747$3,524$2,585$1,877$542
27 years$6,005$4,467$3,273$2,366$1,692$461
28 years$5,728$4,209$3,042$2,168$1,527$392
29 years$5,471$3,971$2,831$1,988$1,379$333
30 years$5,231$3,750$2,637$1,825$1,246$283
31 years$5,008$3,545$2,459$1,676$1,126$241
32 years$4,799$3,355$2,294$1,540$1,019$205
33 years$4,602$3,177$2,142$1,416$922$175
34 years$4,418$3,011$2,001$1,303$835$149
35 years$4,245$2,856$1,871$1,199$756$127
36 years$4,082$2,711$1,750$1,105$685$108
37 years$3,928$2,574$1,638$1,018$621$92
38 years$3,782$2,447$1,534$938$563$78
39 years$3,644$2,327$1,437$865$510$66
40 years$3,514$2,213$1,347$798$463$57
41 years$3,390$2,107$1,263$736$420$48
42 years$3,272$2,007$1,185$679$381$41
43 years$3,160$1,912$1,112$627$346$35
44 years$3,054$1,822$1,044$579$314$30
45 years$2,952$1,738$980$535$285$25
46 years$2,855$1,658$920$494$259$22
47 years$2,763$1,582$865$456$235$18
48 years$2,674$1,510$813$422$213$16
49 years$2,590$1,442$764$390$194$13
50 years$2,509$1,378$718$360$176$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,570,000, adding $6,686 every year, while hoping to spend $29,594 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: 40/30/30 Blend
67$2,570,000$2,570,000$2,570,000$2,570,000
68$2,839,037$2,702,827$2,662,992$2,927,235
69$3,097,131$2,803,777$2,720,714$3,093,185
70$3,380,558$2,908,683$2,779,378$3,269,388
71$3,691,872$3,017,705$2,838,985$3,459,473
72$4,033,885$3,131,015$2,899,533$3,664,732
73$4,409,695$3,248,788$2,961,020$3,886,588
74$4,822,714$3,371,209$3,023,445$4,126,601
75$5,276,703$3,498,470$3,086,803$4,386,489
76$5,775,805$3,630,773$3,151,088$4,668,138
77$6,324,582$3,768,326$3,216,294$4,973,625
78$6,928,063$3,911,348$3,282,414$5,305,233
79$7,591,788$4,060,067$3,349,438$5,665,471
80$8,321,861$4,214,720$3,417,354$6,057,103
81$9,125,006$4,375,557$3,486,151$6,483,166
82$10,008,632$4,542,835$3,555,813$6,947,004
83$10,980,904$4,716,825$3,626,324$7,452,296
84$12,050,817$4,897,810$3,697,666$8,003,089
85$13,228,281$5,086,084$3,769,819$8,603,840
86$14,524,218$5,281,954$3,842,760$9,259,451
87$15,950,659$5,485,741$3,916,464$9,975,320
88$17,520,865$5,697,780$3,990,903$10,757,389
89$19,249,443$5,918,422$4,066,049$11,612,198
90$21,152,492$6,148,030$4,141,867$12,546,948
91$23,247,749$6,386,987$4,218,323$13,569,567
92$25,554,761$6,635,690$4,295,378$14,688,784
93$28,095,063$6,894,556$4,372,990$15,914,211
94$30,892,388$7,164,018$4,451,114$17,256,431
95$33,972,887$7,444,530$4,529,701$18,727,099
96$37,365,375$7,736,565$4,608,700$20,339,050
97$41,101,606$8,040,619$4,688,053$22,106,420
98$45,216,568$8,357,208$4,767,701$24,044,776
99$49,748,818$8,686,871$4,847,580$26,171,263
100$54,740,843$9,030,173$4,927,619$28,504,766