Can I retire at age 68 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$213,880$211,975$210,116$208,302$206,530$202,692
2 years$105,881$103,909$101,998$100,145$98,348$94,495
3 years$69,886$67,906$65,999$64,164$62,396$58,649
4 years$51,892$49,918$48,031$46,226$44,501$40,889
5 years$41,099$39,136$37,274$35,506$33,829$30,362
6 years$33,905$31,958$30,123$28,395$26,768$23,449
7 years$28,769$26,838$25,032$23,345$21,769$18,600
8 years$24,919$23,005$21,229$19,583$18,060$15,039
9 years$21,926$20,030$18,285$16,681$15,209$12,335
10 years$19,533$17,656$15,941$14,379$12,959$10,230
11 years$17,576$15,718$14,034$12,514$11,145$8,557
12 years$15,947$14,107$12,455$10,976$9,658$7,208
13 years$14,569$12,749$11,128$9,691$8,422$6,105
14 years$13,389$11,588$9,998$8,602$7,383$5,195
15 years$12,368$10,586$9,027$7,672$6,500$4,438
16 years$11,475$9,713$8,184$6,869$5,745$3,803
17 years$10,688$8,945$7,448$6,172$5,094$3,268
18 years$9,989$8,266$6,799$5,562$4,529$2,815
19 years$9,364$7,660$6,224$5,026$4,037$2,429
20 years$8,803$7,118$5,712$4,552$3,606$2,099
21 years$8,295$6,631$5,254$4,131$3,227$1,817
22 years$7,835$6,189$4,842$3,756$2,892$1,575
23 years$7,415$5,789$4,471$3,421$2,596$1,366
24 years$7,030$5,424$4,135$3,120$2,334$1,186
25 years$6,677$5,090$3,830$2,849$2,100$1,030
26 years$6,352$4,784$3,552$2,605$1,892$896
27 years$6,051$4,502$3,298$2,385$1,705$780
28 years$5,773$4,242$3,066$2,185$1,539$679
29 years$5,513$4,002$2,853$2,004$1,390$591
30 years$5,272$3,780$2,658$1,839$1,256$515
31 years$5,047$3,573$2,478$1,689$1,135$449
32 years$4,836$3,381$2,312$1,552$1,027$391
33 years$4,638$3,202$2,159$1,427$929$341
34 years$4,453$3,034$2,017$1,313$841$297
35 years$4,278$2,878$1,886$1,209$762$259
36 years$4,114$2,732$1,764$1,113$690$226
37 years$3,958$2,594$1,651$1,026$626$197
38 years$3,811$2,466$1,546$945$567$172
39 years$3,673$2,345$1,448$872$514$150
40 years$3,541$2,231$1,358$804$467$131
41 years$3,416$2,123$1,273$742$423$115
42 years$3,297$2,022$1,194$685$384$100
43 years$3,185$1,927$1,121$632$349$87
44 years$3,077$1,837$1,052$584$316$76
45 years$2,975$1,751$988$539$287$67
46 years$2,877$1,671$928$498$261$58
47 years$2,784$1,594$871$460$237$51
48 years$2,695$1,522$819$425$215$44
49 years$2,610$1,454$770$393$195$39
50 years$2,529$1,388$724$363$177$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,590,000, adding $5,555 every year, while hoping to spend $26,018 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: 32/40/28 Blend
67$2,590,000$2,590,000$2,590,000$2,590,000
68$2,859,910$2,722,640$2,682,495$2,926,846
69$3,123,938$2,828,366$2,744,676$3,084,368
70$3,414,025$2,938,401$2,808,067$3,251,233
71$3,732,801$3,052,929$2,872,683$3,430,456
72$4,083,164$3,172,140$2,938,536$3,623,142
73$4,468,307$3,296,235$3,005,637$3,830,507
74$4,891,748$3,425,424$3,074,000$4,053,880
75$5,357,362$3,559,925$3,143,634$4,294,724
76$5,869,418$3,699,967$3,214,551$4,554,644
77$6,432,620$3,845,786$3,286,759$4,835,400
78$7,052,151$3,997,634$3,360,270$5,138,927
79$7,733,721$4,155,769$3,435,090$5,467,352
80$8,483,623$4,320,464$3,511,227$5,823,010
81$9,308,788$4,492,002$3,588,689$6,208,465
82$10,216,854$4,670,680$3,667,480$6,626,537
83$11,216,239$4,856,809$3,747,606$7,080,327
84$12,316,214$5,050,711$3,829,070$7,573,241
85$13,526,998$5,252,727$3,911,874$8,109,025
86$14,859,850$5,463,209$3,996,020$8,691,798
87$16,327,176$5,682,527$4,081,508$9,326,091
88$17,942,645$5,911,067$4,168,335$10,016,886
89$19,721,319$6,149,234$4,256,499$10,769,662
90$21,679,797$6,397,450$4,345,995$11,590,450
91$23,836,368$6,656,156$4,436,817$12,485,881
92$26,211,183$6,925,814$4,528,956$13,463,253
93$28,826,450$7,206,905$4,622,402$14,530,598
94$31,706,638$7,499,934$4,717,143$15,696,752
95$34,878,712$7,805,427$4,813,165$16,971,440
96$38,372,385$8,123,937$4,910,450$18,365,369
97$42,220,397$8,456,039$5,008,979$19,890,318
98$46,458,829$8,802,337$5,108,731$21,559,260
99$51,127,437$9,163,459$5,209,681$23,386,470
100$56,270,032$9,540,065$5,311,802$25,387,666