Can I retire at age 68 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$220,486$218,522$216,606$214,736$212,910$208,782
2 years$109,152$107,119$105,149$103,238$101,385$97,243
3 years$72,045$70,003$68,038$66,146$64,323$60,296
4 years$53,495$51,460$49,514$47,654$45,876$41,995
5 years$42,368$40,345$38,425$36,603$34,874$31,150
6 years$34,953$32,945$31,053$29,272$27,595$24,032
7 years$29,658$27,667$25,805$24,066$22,442$19,041
8 years$25,689$23,716$21,885$20,188$18,618$15,378
9 years$22,603$20,649$18,850$17,196$15,679$12,598
10 years$20,136$18,201$16,433$14,823$13,359$10,435
11 years$18,119$16,203$14,468$12,901$11,489$8,717
12 years$16,439$14,543$12,840$11,316$9,956$7,333
13 years$15,019$13,143$11,471$9,990$8,682$6,203
14 years$13,803$11,946$10,307$8,868$7,611$5,272
15 years$12,750$10,913$9,306$7,909$6,701$4,497
16 years$11,829$10,013$8,437$7,081$5,922$3,849
17 years$11,018$9,221$7,678$6,362$5,251$3,302
18 years$10,297$8,521$7,009$5,734$4,669$2,840
19 years$9,653$7,897$6,416$5,181$4,162$2,447
20 years$9,074$7,338$5,888$4,692$3,717$2,112
21 years$8,552$6,835$5,416$4,259$3,327$1,825
22 years$8,077$6,381$4,992$3,872$2,982$1,579
23 years$7,644$5,968$4,609$3,526$2,677$1,368
24 years$7,248$5,591$4,263$3,216$2,406$1,186
25 years$6,884$5,247$3,948$2,937$2,165$1,029
26 years$6,548$4,931$3,662$2,686$1,950$893
27 years$6,238$4,641$3,400$2,458$1,758$776
28 years$5,951$4,373$3,161$2,252$1,586$674
29 years$5,684$4,126$2,941$2,065$1,432$586
30 years$5,435$3,896$2,740$1,896$1,294$510
31 years$5,203$3,683$2,554$1,741$1,170$443
32 years$4,985$3,485$2,383$1,600$1,059$386
33 years$4,782$3,300$2,225$1,471$958$336
34 years$4,590$3,128$2,079$1,354$867$292
35 years$4,410$2,967$1,944$1,246$786$255
36 years$4,241$2,816$1,818$1,148$712$222
37 years$4,080$2,675$1,702$1,057$645$193
38 years$3,929$2,542$1,594$975$585$168
39 years$3,786$2,417$1,493$899$530$147
40 years$3,650$2,300$1,400$829$481$128
41 years$3,522$2,189$1,312$765$436$111
42 years$3,399$2,085$1,231$706$396$97
43 years$3,283$1,986$1,155$652$359$85
44 years$3,172$1,893$1,084$602$326$74
45 years$3,067$1,806$1,018$556$296$64
46 years$2,966$1,722$956$513$269$56
47 years$2,870$1,644$898$474$244$49
48 years$2,779$1,569$844$438$222$43
49 years$2,691$1,498$794$405$201$37
50 years$2,607$1,431$746$374$183$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,670,000, adding $5,003 every year, while hoping to spend $33,952 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: 45/44/11 Blend
67$2,670,000$2,670,000$2,670,000$2,670,000
68$2,947,501$2,805,991$2,764,606$3,070,726
69$3,212,021$2,907,359$2,821,095$3,258,048
70$3,502,385$3,012,557$2,878,339$3,457,184
71$3,821,191$3,121,736$2,936,327$3,672,348
72$4,171,306$3,235,054$2,995,047$3,905,035
73$4,555,883$3,352,676$3,054,485$4,156,882
74$4,978,399$3,474,773$3,114,626$4,429,692
75$5,442,683$3,601,524$3,175,453$4,725,443
76$5,952,952$3,733,115$3,236,947$5,046,311
77$6,513,856$3,869,740$3,299,087$5,394,689
78$7,130,514$4,011,601$3,361,851$5,773,206
79$7,808,566$4,158,910$3,425,213$6,184,754
80$8,554,228$4,311,884$3,489,146$6,632,513
81$9,374,346$4,470,754$3,553,619$7,119,982
82$10,276,466$4,635,758$3,618,602$7,651,007
83$11,268,899$4,807,143$3,684,059$8,229,822
84$12,360,804$4,985,170$3,749,952$8,861,084
85$13,562,271$5,170,108$3,816,240$9,549,916
86$14,884,418$5,362,240$3,882,880$10,301,958
87$16,339,497$5,561,857$3,949,824$11,123,415
88$17,941,005$5,769,268$4,017,023$12,021,116
89$19,703,815$5,984,790$4,084,421$13,002,578
90$21,644,316$6,208,756$4,151,961$14,076,075
91$23,780,566$6,441,515$4,219,581$15,250,716
92$26,132,462$6,683,427$4,287,216$16,536,528
93$28,721,929$6,934,871$4,354,793$17,944,549
94$31,573,126$7,196,240$4,422,239$19,486,933
95$34,712,675$7,467,946$4,489,474$21,177,063
96$38,169,909$7,750,416$4,556,412$23,029,673
97$41,977,152$8,044,099$4,622,964$25,060,990
98$46,170,021$8,349,460$4,689,034$27,288,881
99$50,787,767$8,666,987$4,754,520$29,733,022
100$55,873,637$8,997,187$4,819,314$32,415,084