Can I retire at age 68 with 2,610,000?

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 $2,610,000?

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$215,531$213,612$211,738$209,910$208,125$204,257
2 years$106,699$104,712$102,786$100,918$99,107$95,225
3 years$70,426$68,430$66,509$64,659$62,878$59,102
4 years$52,293$50,303$48,402$46,583$44,845$41,205
5 years$41,416$39,438$37,562$35,781$34,090$30,596
6 years$34,167$32,204$30,355$28,614$26,975$23,630
7 years$28,992$27,045$25,225$23,525$21,938$18,744
8 years$25,112$23,183$21,393$19,735$18,199$15,156
9 years$22,095$20,185$18,426$16,810$15,326$12,431
10 years$19,684$17,792$16,064$14,490$13,059$10,309
11 years$17,712$15,839$14,143$12,611$11,231$8,623
12 years$16,070$14,216$12,551$11,061$9,733$7,263
13 years$14,682$12,847$11,214$9,765$8,487$6,152
14 years$13,493$11,678$10,076$8,669$7,440$5,236
15 years$12,463$10,668$9,097$7,731$6,550$4,472
16 years$11,563$9,788$8,248$6,922$5,789$3,833
17 years$10,770$9,014$7,505$6,220$5,133$3,293
18 years$10,066$8,329$6,851$5,605$4,564$2,836
19 years$9,436$7,720$6,272$5,065$4,068$2,448
20 years$8,871$7,173$5,756$4,587$3,634$2,115
21 years$8,359$6,682$5,294$4,163$3,252$1,831
22 years$7,895$6,237$4,880$3,785$2,915$1,587
23 years$7,472$5,834$4,505$3,447$2,617$1,376
24 years$7,085$5,466$4,167$3,144$2,352$1,195
25 years$6,729$5,129$3,859$2,871$2,116$1,038
26 years$6,401$4,821$3,579$2,625$1,906$903
27 years$6,098$4,537$3,324$2,403$1,719$786
28 years$5,817$4,275$3,090$2,202$1,551$684
29 years$5,556$4,033$2,875$2,019$1,400$595
30 years$5,313$3,809$2,678$1,853$1,265$519
31 years$5,086$3,600$2,497$1,702$1,144$452
32 years$4,873$3,407$2,330$1,564$1,035$394
33 years$4,674$3,226$2,175$1,438$936$344
34 years$4,487$3,058$2,032$1,323$848$300
35 years$4,311$2,900$1,900$1,218$768$261
36 years$4,145$2,753$1,778$1,122$696$228
37 years$3,989$2,615$1,664$1,034$631$199
38 years$3,841$2,485$1,558$953$572$174
39 years$3,701$2,363$1,460$879$518$151
40 years$3,568$2,248$1,368$810$470$132
41 years$3,442$2,140$1,283$748$427$115
42 years$3,323$2,038$1,203$690$387$101
43 years$3,209$1,942$1,129$637$351$88
44 years$3,101$1,851$1,060$588$319$77
45 years$2,998$1,765$995$543$290$67
46 years$2,900$1,684$935$502$263$59
47 years$2,806$1,607$878$463$239$51
48 years$2,716$1,534$825$428$217$45
49 years$2,630$1,465$776$396$197$39
50 years$2,548$1,399$729$366$179$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,610,000, adding $4,550 every year, while hoping to spend $28,982 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: 40/36/24 Blend
67$2,610,000$2,610,000$2,610,000$2,610,000
68$2,880,913$2,742,583$2,702,128$2,975,540
69$3,143,930$2,846,133$2,761,813$3,147,748
70$3,432,803$2,953,786$2,822,526$3,330,861
71$3,750,139$3,065,711$2,884,270$3,528,392
72$4,098,809$3,182,088$2,947,050$3,741,675
73$4,481,978$3,303,101$3,010,867$3,972,175
74$4,903,131$3,428,943$3,075,722$4,221,502
75$5,366,107$3,559,818$3,141,615$4,491,425
76$5,875,136$3,695,936$3,208,545$4,783,888
77$6,434,880$3,837,516$3,276,511$5,101,028
78$7,050,473$3,984,789$3,345,509$5,445,194
79$7,727,571$4,137,995$3,415,535$5,818,970
80$8,472,410$4,297,383$3,486,581$6,225,197
81$9,291,855$4,463,214$3,558,641$6,666,998
82$10,193,475$4,635,762$3,631,706$7,147,810
83$11,185,606$4,815,311$3,705,765$7,671,412
84$12,277,436$5,002,159$3,780,806$8,241,964
85$13,479,085$5,196,615$3,856,813$8,864,041
86$14,801,706$5,399,005$3,933,772$9,542,678
87$16,257,590$5,609,665$4,011,662$10,283,415
88$17,860,276$5,828,951$4,090,465$11,092,349
89$19,624,685$6,057,230$4,170,156$11,976,191
90$21,567,257$6,294,889$4,250,711$12,942,327
91$23,706,109$6,542,330$4,332,102$13,998,889
92$26,061,202$6,799,974$4,414,297$15,154,826
93$28,654,532$7,068,260$4,497,263$16,419,992
94$31,510,337$7,347,648$4,580,964$17,805,236
95$34,655,325$7,638,616$4,665,360$19,322,502
96$38,118,926$7,941,666$4,750,408$20,984,941
97$41,933,571$8,257,322$4,836,060$22,807,035
98$46,134,994$8,586,130$4,922,267$24,804,730
99$50,762,575$8,928,661$5,008,975$26,995,587
100$55,859,706$9,285,514$5,096,124$29,398,944