Can I retire at age 68 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$222,138$220,159$218,229$216,344$214,504$213,331
2 years$109,969$107,921$105,936$104,012$102,145$100,961
3 years$72,585$70,528$68,548$66,641$64,805$63,647
4 years$53,896$51,845$49,885$48,011$46,219$45,097
5 years$42,686$40,647$38,713$36,877$35,135$34,051
6 years$35,215$33,192$31,286$29,491$27,801$26,757
7 years$29,880$27,874$25,999$24,246$22,610$21,605
8 years$25,881$23,893$22,049$20,340$18,757$17,793
9 years$22,773$20,803$18,991$17,325$15,796$14,872
10 years$20,287$18,337$16,557$14,934$13,459$12,574
11 years$18,255$16,325$14,576$12,997$11,575$10,730
12 years$16,562$14,652$12,936$11,400$10,031$9,223
13 years$15,132$13,241$11,557$10,065$8,747$7,977
14 years$13,906$12,036$10,384$8,934$7,668$6,934
15 years$12,845$10,995$9,376$7,968$6,751$6,053
16 years$11,918$10,088$8,500$7,134$5,967$5,304
17 years$11,100$9,290$7,735$6,410$5,291$4,661
18 years$10,374$8,585$7,061$5,777$4,704$4,107
19 years$9,726$7,956$6,464$5,220$4,193$3,627
20 years$9,142$7,393$5,932$4,728$3,745$3,210
21 years$8,616$6,887$5,457$4,291$3,352$2,846
22 years$8,137$6,428$5,029$3,901$3,004$2,527
23 years$7,701$6,012$4,644$3,553$2,697$2,246
24 years$7,302$5,633$4,295$3,240$2,424$1,999
25 years$6,935$5,286$3,978$2,959$2,181$1,781
26 years$6,597$4,968$3,689$2,706$1,965$1,588
27 years$6,285$4,676$3,426$2,477$1,771$1,418
28 years$5,995$4,406$3,185$2,269$1,598$1,266
29 years$5,726$4,157$2,963$2,081$1,443$1,132
30 years$5,476$3,925$2,760$1,910$1,304$1,012
31 years$5,242$3,711$2,573$1,754$1,179$905
32 years$5,023$3,511$2,401$1,612$1,066$810
33 years$4,817$3,325$2,242$1,482$965$726
34 years$4,625$3,152$2,095$1,364$874$650
35 years$4,443$2,989$1,958$1,256$791$582
36 years$4,272$2,837$1,832$1,156$717$522
37 years$4,111$2,695$1,715$1,065$650$468
38 years$3,959$2,561$1,606$982$589$420
39 years$3,814$2,435$1,504$905$534$376
40 years$3,678$2,317$1,410$835$485$338
41 years$3,548$2,205$1,322$771$440$303
42 years$3,425$2,100$1,240$711$399$272
43 years$3,308$2,001$1,164$656$362$244
44 years$3,196$1,908$1,092$606$329$219
45 years$3,090$1,819$1,026$560$298$197
46 years$2,989$1,735$963$517$271$176
47 years$2,892$1,656$905$478$246$158
48 years$2,799$1,581$851$441$223$142
49 years$2,711$1,510$799$408$203$128
50 years$2,626$1,442$752$377$184$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,690,000, adding $2,042 every year, while hoping to spend $46,398 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: 52/19/29 Blend
67$2,690,000$2,690,000$2,690,000$2,690,000
68$2,966,486$2,823,916$2,782,221$3,096,472
69$3,219,701$2,912,921$2,826,059$3,276,161
70$3,497,188$3,004,732$2,869,809$3,466,696
71$3,801,375$3,099,438$2,913,422$3,673,070
72$4,134,935$3,197,129$2,956,841$3,896,817
73$4,500,810$3,297,901$3,000,007$4,139,624
74$4,902,245$3,401,850$3,042,860$4,403,350
75$5,342,810$3,509,077$3,085,332$4,690,044
76$5,826,440$3,619,685$3,127,353$5,001,957
77$6,357,468$3,733,781$3,168,850$5,341,575
78$6,940,667$3,851,474$3,209,745$5,711,629
79$7,581,298$3,972,878$3,249,953$6,115,132
80$8,285,152$4,098,111$3,289,389$6,555,401
81$9,058,611$4,227,293$3,327,957$7,036,089
82$9,908,708$4,360,548$3,365,562$7,561,221
83$10,843,187$4,498,006$3,402,099$8,135,230
84$11,870,582$4,639,798$3,437,460$8,763,000
85$13,000,296$4,786,063$3,471,529$9,449,912
86$14,242,686$4,936,939$3,504,185$10,201,894
87$15,609,165$5,092,575$3,535,300$11,025,477
88$17,112,307$5,253,118$3,564,741$11,927,855
89$18,765,967$5,418,726$3,592,364$12,916,956
90$20,585,408$5,589,556$3,618,021$14,001,515
91$22,587,450$5,765,774$3,641,554$15,191,156
92$24,790,624$5,947,551$3,662,800$16,496,482
93$27,215,347$6,135,060$3,681,584$17,929,176
94$29,884,119$6,328,485$3,697,723$19,502,114
95$32,821,729$6,528,011$3,711,027$21,229,480
96$36,055,492$6,733,830$3,721,293$23,126,906
97$39,615,507$6,946,142$3,728,311$25,211,614
98$43,534,937$7,165,151$3,731,858$27,502,585
99$47,850,326$7,391,070$3,731,701$30,020,732
100$52,601,942$7,624,115$3,727,595$32,789,100