Can I retire at age 68 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$216,357$214,430$212,550$210,714$208,922$203,377
2 years$107,108$105,113$103,179$101,305$99,487$93,939
3 years$70,696$68,692$66,764$64,907$63,119$57,741
4 years$52,493$50,496$48,587$46,762$45,017$39,851
5 years$41,575$39,590$37,706$35,918$34,221$29,282
6 years$34,298$32,328$30,472$28,724$27,078$22,370
7 years$29,103$27,149$25,322$23,615$22,022$17,545
8 years$25,208$23,272$21,475$19,810$18,269$14,022
9 years$22,180$20,262$18,497$16,874$15,385$11,364
10 years$19,759$17,860$16,126$14,546$13,109$9,308
11 years$17,780$15,900$14,197$12,659$11,274$7,687
12 years$16,132$14,271$12,599$11,104$9,770$6,391
13 years$14,738$12,897$11,257$9,803$8,520$5,342
14 years$13,544$11,723$10,114$8,702$7,468$4,484
15 years$12,511$10,709$9,132$7,761$6,576$3,778
16 years$11,608$9,825$8,279$6,949$5,812$3,192
17 years$10,811$9,049$7,534$6,243$5,153$2,703
18 years$10,104$8,361$6,877$5,627$4,582$2,294
19 years$9,472$7,749$6,296$5,084$4,084$1,950
20 years$8,905$7,201$5,778$4,605$3,648$1,661
21 years$8,391$6,707$5,315$4,179$3,264$1,415
22 years$7,925$6,261$4,898$3,800$2,926$1,208
23 years$7,501$5,856$4,523$3,460$2,627$1,031
24 years$7,112$5,487$4,183$3,156$2,361$882
25 years$6,755$5,149$3,874$2,882$2,124$754
26 years$6,426$4,839$3,593$2,635$1,914$645
27 years$6,121$4,554$3,336$2,412$1,725$552
28 years$5,839$4,291$3,102$2,210$1,557$473
29 years$5,577$4,048$2,886$2,027$1,406$405
30 years$5,333$3,823$2,689$1,860$1,270$347
31 years$5,105$3,614$2,506$1,708$1,148$298
32 years$4,892$3,420$2,339$1,570$1,039$255
33 years$4,692$3,239$2,184$1,444$940$219
34 years$4,504$3,070$2,040$1,328$851$188
35 years$4,328$2,911$1,907$1,223$771$161
36 years$4,161$2,763$1,784$1,126$698$138
37 years$4,004$2,625$1,670$1,038$633$118
38 years$3,856$2,494$1,564$956$574$102
39 years$3,715$2,372$1,465$882$520$87
40 years$3,582$2,257$1,373$813$472$75
41 years$3,456$2,148$1,288$750$428$64
42 years$3,336$2,046$1,208$693$389$55
43 years$3,222$1,949$1,134$639$353$47
44 years$3,113$1,858$1,064$590$320$41
45 years$3,009$1,772$999$545$291$35
46 years$2,911$1,690$938$504$264$30
47 years$2,817$1,613$882$465$240$26
48 years$2,726$1,540$828$430$218$22
49 years$2,640$1,470$779$397$198$19
50 years$2,558$1,405$732$367$180$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,620,000, adding $5,321 every year, while hoping to spend $48,251 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: 87/7/6 Blend
67$2,620,000$2,620,000$2,620,000$2,620,000
68$2,892,729$2,753,869$2,713,259$3,143,323
69$3,136,448$2,837,469$2,752,814$3,390,931
70$3,403,410$2,923,550$2,792,077$3,655,786
71$3,695,934$3,012,180$2,830,988$3,945,318
72$4,016,575$3,103,432$2,869,482$4,261,979
73$4,368,146$3,197,380$2,907,490$4,608,467
74$4,753,746$3,294,102$2,944,940$4,987,755
75$5,176,790$3,393,674$2,981,757$5,403,116
76$5,641,036$3,496,178$3,017,860$5,858,156
77$6,150,626$3,601,694$3,053,162$6,356,846
78$6,710,121$3,710,309$3,087,574$6,903,562
79$7,324,547$3,822,108$3,121,002$7,503,120
80$7,999,439$3,937,180$3,153,344$8,160,829
81$8,740,896$4,055,615$3,184,495$8,882,536
82$9,555,635$4,177,508$3,214,343$9,674,681
83$10,451,057$4,302,953$3,242,771$10,544,360
84$11,435,316$4,432,049$3,269,654$11,499,390
85$12,517,393$4,564,895$3,294,864$12,548,382
86$13,707,187$4,701,594$3,318,261$13,700,824
87$15,015,600$4,842,252$3,339,702$14,967,168
88$16,454,644$4,986,976$3,359,036$16,358,929
89$18,037,556$5,135,876$3,376,102$17,888,797
90$19,778,918$5,289,065$3,390,732$19,570,749
91$21,694,798$5,446,659$3,402,751$21,420,189
92$23,802,897$5,608,775$3,411,974$23,454,085
93$26,122,722$5,775,534$3,418,204$25,691,137
94$28,675,765$5,947,061$3,421,240$28,151,946
95$31,485,707$6,123,481$3,420,865$30,859,211
96$34,578,641$6,304,924$3,416,856$33,837,947
97$37,983,319$6,491,521$3,408,977$37,115,712
98$41,731,419$6,683,407$3,396,979$40,722,875
99$45,857,851$6,880,721$3,380,605$44,692,898
100$50,401,078$7,083,603$3,359,582$49,062,652