Can I retire at age 68 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$213,054$211,156$209,305$207,497$205,733$204,780
2 years$105,472$103,508$101,604$99,758$97,968$97,006
3 years$69,616$67,644$65,745$63,916$62,155$61,214
4 years$51,692$49,725$47,845$46,048$44,329$43,416
5 years$40,940$38,985$37,130$35,369$33,699$32,816
6 years$33,775$31,834$30,006$28,285$26,664$25,814
7 years$28,658$26,734$24,936$23,255$21,685$20,867
8 years$24,823$22,916$21,147$19,508$17,990$17,204
9 years$21,841$19,953$18,214$16,616$15,150$14,397
10 years$19,457$17,587$15,880$14,323$12,909$12,187
11 years$17,508$15,657$13,980$12,466$11,102$10,412
12 years$15,885$14,053$12,407$10,934$9,621$8,962
13 years$14,513$12,700$11,085$9,653$8,389$7,761
14 years$13,338$11,544$9,960$8,569$7,354$6,755
15 years$12,320$10,545$8,992$7,642$6,475$5,905
16 years$11,430$9,675$8,153$6,843$5,723$5,180
17 years$10,646$8,910$7,419$6,148$5,074$4,559
18 years$9,950$8,234$6,772$5,541$4,512$4,023
19 years$9,328$7,631$6,200$5,006$4,021$3,558
20 years$8,769$7,091$5,690$4,534$3,592$3,153
21 years$8,263$6,605$5,234$4,115$3,214$2,799
22 years$7,804$6,166$4,824$3,742$2,881$2,489
23 years$7,386$5,766$4,454$3,408$2,586$2,216
24 years$7,003$5,403$4,119$3,108$2,325$1,975
25 years$6,652$5,070$3,815$2,838$2,092$1,763
26 years$6,328$4,765$3,538$2,595$1,884$1,574
27 years$6,028$4,485$3,285$2,375$1,699$1,407
28 years$5,750$4,226$3,054$2,176$1,533$1,259
29 years$5,492$3,987$2,842$1,996$1,384$1,127
30 years$5,252$3,765$2,647$1,832$1,251$1,009
31 years$5,027$3,559$2,468$1,682$1,131$905
32 years$4,817$3,368$2,303$1,546$1,023$811
33 years$4,620$3,189$2,150$1,422$926$727
34 years$4,436$3,023$2,009$1,308$838$653
35 years$4,262$2,867$1,878$1,204$759$586
36 years$4,098$2,721$1,757$1,109$688$526
37 years$3,943$2,584$1,645$1,022$623$472
38 years$3,797$2,456$1,540$942$565$424
39 years$3,658$2,336$1,443$868$512$381
40 years$3,527$2,222$1,352$801$465$342
41 years$3,403$2,115$1,268$739$422$308
42 years$3,285$2,014$1,190$682$383$277
43 years$3,172$1,919$1,116$630$347$249
44 years$3,065$1,830$1,048$581$315$224
45 years$2,963$1,745$984$537$286$201
46 years$2,866$1,664$924$496$260$181
47 years$2,774$1,588$868$458$236$163
48 years$2,685$1,516$816$423$214$146
49 years$2,600$1,448$767$391$195$132
50 years$2,519$1,383$721$362$177$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,580,000, adding $3,097 every year, while hoping to spend $45,566 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: 73/13/14 Blend
67$2,580,000$2,580,000$2,580,000$2,580,000
68$2,846,355$2,709,615$2,669,625$3,045,283
69$3,088,201$2,793,904$2,710,575$3,261,678
70$3,353,188$2,880,796$2,751,370$3,492,733
71$3,643,629$2,970,371$2,791,957$3,744,603
72$3,962,070$3,062,710$2,832,278$4,019,341
73$4,311,316$3,157,897$2,872,274$4,319,207
74$4,694,456$3,256,020$2,911,881$4,646,687
75$5,114,893$3,357,167$2,951,032$5,004,523
76$5,576,375$3,461,431$2,989,654$5,395,730
77$6,083,030$3,568,907$3,027,673$5,823,634
78$6,639,408$3,679,692$3,065,008$6,291,895
79$7,250,517$3,793,886$3,101,575$6,804,544
80$7,921,876$3,911,593$3,137,285$7,366,022
81$8,659,566$4,032,920$3,172,043$7,981,222
82$9,470,285$4,157,976$3,205,749$8,655,534
83$10,361,412$4,286,874$3,238,299$9,394,892
84$11,341,076$4,419,731$3,269,582$10,205,838
85$12,418,233$4,556,666$3,299,481$11,095,577
86$13,602,753$4,697,802$3,327,873$12,072,044
87$14,905,506$4,843,267$3,354,629$13,143,987
88$16,338,471$4,993,190$3,379,613$14,321,038
89$17,914,845$5,147,707$3,402,680$15,613,813
90$19,649,170$5,306,955$3,423,681$17,034,006
91$21,557,467$5,471,077$3,442,455$18,594,502
92$23,657,389$5,640,220$3,458,838$20,309,500
93$25,968,386$5,814,534$3,472,652$22,194,641
94$28,511,890$5,994,175$3,483,715$24,267,162
95$31,311,515$6,179,302$3,491,832$26,546,052
96$34,393,282$6,370,080$3,496,800$29,052,238
97$37,785,860$6,566,678$3,498,407$31,808,776
98$41,520,842$6,769,270$3,496,428$34,841,072
99$45,633,039$6,978,034$3,490,629$38,177,121
100$50,160,807$7,193,156$3,480,763$41,847,769