Can I retire at age 68 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$219,660$217,704$215,795$213,932$212,112$209,115
2 years$108,743$106,717$104,755$102,852$101,006$97,992
3 years$71,775$69,741$67,783$65,898$64,082$61,146
4 years$53,295$51,267$49,329$47,476$45,704$42,867
5 years$42,210$40,194$38,281$36,466$34,743$32,014
6 years$34,822$32,821$30,937$29,162$27,491$24,873
7 years$29,547$27,563$25,709$23,976$22,358$19,852
8 years$25,593$23,627$21,803$20,113$18,548$16,154
9 years$22,519$20,571$18,779$17,132$15,620$13,336
10 years$20,061$18,133$16,372$14,768$13,309$11,134
11 years$18,051$16,143$14,414$12,852$11,446$9,378
12 years$16,378$14,489$12,792$11,273$9,919$7,955
13 years$14,963$13,094$11,429$9,952$8,650$6,788
14 years$13,751$11,902$10,269$8,835$7,582$5,819
15 years$12,702$10,872$9,271$7,879$6,676$5,009
16 years$11,785$9,975$8,406$7,055$5,900$4,325
17 years$10,976$9,187$7,649$6,339$5,232$3,746
18 years$10,259$8,489$6,982$5,712$4,652$3,252
19 years$9,617$7,868$6,392$5,162$4,146$2,829
20 years$9,040$7,311$5,866$4,675$3,703$2,465
21 years$8,519$6,810$5,396$4,243$3,314$2,152
22 years$8,046$6,357$4,973$3,858$2,971$1,880
23 years$7,615$5,945$4,592$3,513$2,667$1,645
24 years$7,220$5,570$4,247$3,204$2,397$1,441
25 years$6,858$5,227$3,933$2,926$2,157$1,263
26 years$6,524$4,913$3,648$2,676$1,943$1,108
27 years$6,215$4,624$3,387$2,449$1,752$972
28 years$5,929$4,357$3,149$2,244$1,580$854
29 years$5,662$4,110$2,930$2,058$1,427$750
30 years$5,415$3,882$2,730$1,888$1,289$659
31 years$5,183$3,669$2,545$1,734$1,166$580
32 years$4,967$3,472$2,374$1,594$1,055$510
33 years$4,764$3,288$2,217$1,466$954$449
34 years$4,573$3,116$2,071$1,349$864$395
35 years$4,394$2,956$1,937$1,242$783$348
36 years$4,225$2,806$1,812$1,143$709$306
37 years$4,065$2,665$1,696$1,053$643$270
38 years$3,914$2,532$1,588$971$583$238
39 years$3,772$2,408$1,488$895$528$209
40 years$3,637$2,291$1,394$826$479$184
41 years$3,508$2,181$1,307$762$435$163
42 years$3,387$2,077$1,226$703$395$143
43 years$3,271$1,979$1,151$649$358$126
44 years$3,160$1,886$1,080$599$325$111
45 years$3,055$1,799$1,014$554$295$98
46 years$2,955$1,716$953$511$268$86
47 years$2,860$1,638$895$472$243$76
48 years$2,768$1,563$841$436$221$67
49 years$2,681$1,493$791$403$201$59
50 years$2,597$1,426$743$373$182$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,660,000, adding $4,829 every year, while hoping to spend $52,286 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: 68/14/18 Blend
67$2,660,000$2,660,000$2,660,000$2,660,000
68$2,936,301$2,795,321$2,754,091$3,122,801
69$3,180,172$2,876,660$2,790,721$3,329,294
70$3,447,165$2,960,232$2,826,826$3,548,502
71$3,739,584$3,046,091$2,862,333$3,786,992
72$4,059,965$3,134,293$2,897,165$4,046,659
73$4,411,102$3,224,894$2,931,240$4,329,590
74$4,796,071$3,317,950$2,964,473$4,638,082
75$5,218,260$3,413,520$2,996,773$4,974,666
76$5,681,402$3,511,662$3,028,044$5,342,130
77$6,189,607$3,612,435$3,058,185$5,743,544
78$6,747,403$3,715,900$3,087,090$6,182,291
79$7,359,777$3,822,119$3,114,647$6,662,096
80$8,032,224$3,931,153$3,140,738$7,187,064
81$8,770,796$4,043,064$3,165,238$7,761,716
82$9,582,160$4,157,916$3,188,015$8,391,033
83$10,473,660$4,275,774$3,208,934$9,080,503
84$11,453,387$4,396,702$3,227,848$9,836,173
85$12,530,257$4,520,764$3,244,605$10,664,702
86$13,714,089$4,648,027$3,259,045$11,573,432
87$15,015,703$4,778,557$3,270,999$12,570,447
88$16,447,019$4,912,421$3,280,292$13,664,657
89$18,021,170$5,049,685$3,286,737$14,865,881
90$19,752,626$5,190,416$3,290,139$16,184,933
91$21,657,329$5,334,682$3,290,295$17,633,734
92$23,752,846$5,482,550$3,286,988$19,225,416
93$26,058,528$5,634,087$3,279,995$20,974,450
94$28,595,701$5,789,361$3,269,078$22,896,782
95$31,387,861$5,948,438$3,253,990$25,009,984
96$34,460,897$6,111,385$3,234,472$27,333,416
97$37,843,333$6,278,267$3,210,252$29,888,414
98$41,566,601$6,449,151$3,181,044$32,698,488
99$45,665,336$6,624,101$3,146,550$35,789,546
100$50,177,698$6,803,179$3,106,457$39,190,136