Can I retire at age 68 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$165,984$164,505$163,063$161,655$160,280$158,871
2 years$82,170$80,640$79,157$77,719$76,324$74,904
3 years$54,236$52,699$51,220$49,795$48,423$47,036
4 years$40,272$38,739$37,275$35,875$34,536$33,193
5 years$31,895$30,372$28,927$27,555$26,253$24,958
6 years$26,313$24,801$23,377$22,036$20,773$19,528
7 years$22,327$20,828$19,427$18,117$16,894$15,699
8 years$19,339$17,853$16,475$15,198$14,016$12,870
9 years$17,016$15,545$14,190$12,945$11,803$10,707
10 years$15,159$13,702$12,371$11,159$10,057$9,009
11 years$13,640$12,198$10,891$9,712$8,649$7,650
12 years$12,376$10,948$9,666$8,518$7,495$6,543
13 years$11,307$9,894$8,636$7,520$6,536$5,630
14 years$10,391$8,993$7,759$6,676$5,729$4,868
15 years$9,598$8,216$7,006$5,954$5,045$4,227
16 years$8,905$7,538$6,352$5,331$4,458$3,684
17 years$8,294$6,942$5,780$4,790$3,953$3,219
18 years$7,752$6,415$5,276$4,317$3,515$2,821
19 years$7,267$5,945$4,830$3,900$3,133$2,477
20 years$6,831$5,524$4,433$3,533$2,798$2,180
21 years$6,438$5,146$4,077$3,206$2,504$1,921
22 years$6,080$4,803$3,758$2,915$2,245$1,695
23 years$5,754$4,492$3,470$2,655$2,015$1,498
24 years$5,456$4,209$3,209$2,421$1,811$1,325
25 years$5,182$3,950$2,972$2,211$1,630$1,173
26 years$4,930$3,712$2,756$2,022$1,468$1,040
27 years$4,696$3,494$2,560$1,851$1,324$922
28 years$4,480$3,292$2,380$1,696$1,194$818
29 years$4,279$3,106$2,214$1,555$1,078$727
30 years$4,091$2,933$2,063$1,427$974$646
31 years$3,917$2,773$1,923$1,311$881$574
32 years$3,753$2,624$1,794$1,204$797$510
33 years$3,600$2,485$1,675$1,108$721$454
34 years$3,456$2,355$1,565$1,019$653$404
35 years$3,320$2,234$1,463$938$591$359
36 years$3,192$2,120$1,369$864$536$320
37 years$3,072$2,013$1,281$796$486$285
38 years$2,958$1,914$1,200$734$440$254
39 years$2,850$1,820$1,124$677$399$226
40 years$2,748$1,731$1,054$624$362$201
41 years$2,651$1,648$988$576$329$179
42 years$2,559$1,569$927$531$298$160
43 years$2,471$1,495$870$490$271$143
44 years$2,388$1,425$816$453$246$127
45 years$2,309$1,359$766$418$223$113
46 years$2,233$1,297$720$386$202$101
47 years$2,161$1,237$676$357$184$90
48 years$2,092$1,181$636$330$167$80
49 years$2,026$1,128$597$305$152$72
50 years$1,962$1,078$562$282$138$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,010,000, adding $3,022 every year, while hoping to spend $57,596 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: 61/34/5 Blend
67$2,010,000$2,010,000$2,010,000$2,010,000
68$2,218,137$2,111,607$2,080,452$2,351,458
69$2,383,105$2,153,794$2,088,866$2,483,022
70$2,562,970$2,196,118$2,095,631$2,619,531
71$2,759,190$2,238,525$2,100,631$2,766,977
72$2,973,370$2,280,955$2,103,745$2,926,413
73$3,207,278$2,323,346$2,104,845$3,098,998
74$3,462,859$2,365,629$2,103,796$3,286,007
75$3,742,256$2,407,730$2,100,458$3,488,847
76$4,047,825$2,449,568$2,094,683$3,709,068
77$4,382,165$2,491,058$2,086,316$3,948,377
78$4,748,133$2,532,107$2,075,194$4,208,653
79$5,148,877$2,572,615$2,061,149$4,491,969
80$5,587,866$2,612,477$2,044,000$4,800,608
81$6,068,916$2,651,576$2,023,562$5,137,088
82$6,596,232$2,689,790$1,999,638$5,504,179
83$7,174,446$2,726,988$1,972,024$5,904,939
84$7,808,658$2,763,028$1,940,505$6,342,734
85$8,504,485$2,797,761$1,904,856$6,821,276
86$9,268,116$2,831,025$1,864,842$7,344,656
87$10,106,367$2,862,648$1,820,218$7,917,381
88$11,026,746$2,892,447$1,770,725$8,544,421
89$12,037,524$2,920,227$1,716,094$9,231,251
90$13,147,812$2,945,778$1,656,043$9,983,908
91$14,367,646$2,968,879$1,590,278$10,809,044
92$15,708,085$2,989,293$1,518,491$11,713,992
93$17,181,309$3,006,767$1,440,360$12,706,835
94$18,800,738$3,021,035$1,355,548$13,796,481
95$20,581,158$3,031,810$1,263,703$14,992,749
96$22,538,856$3,038,789$1,164,457$16,306,463
97$24,691,780$3,041,650$1,057,427$17,749,550
98$27,059,703$3,040,052$942,212$19,335,162
99$29,664,408$3,033,630$818,391$21,077,790
100$32,529,898$3,021,999$685,528$22,993,410