Can I retire at age 68 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$167,636$166,142$164,685$163,264$161,875$159,852
2 years$82,988$81,442$79,944$78,492$77,083$75,048
3 years$54,776$53,223$51,729$50,291$48,905$46,920
4 years$40,672$39,125$37,646$36,232$34,879$32,961
5 years$32,213$30,674$29,215$27,829$26,515$24,668
6 years$26,575$25,048$23,610$22,255$20,980$19,207
7 years$22,549$21,035$19,620$18,297$17,063$15,364
8 years$19,531$18,031$16,639$15,349$14,155$12,530
9 years$17,185$15,699$14,331$13,074$11,921$10,369
10 years$15,310$13,838$12,494$11,270$10,157$8,678
11 years$13,776$12,319$11,000$9,808$8,735$7,328
12 years$12,499$11,057$9,762$8,603$7,570$6,232
13 years$11,419$9,992$8,722$7,595$6,601$5,331
14 years$10,494$9,083$7,837$6,742$5,786$4,583
15 years$9,694$8,297$7,075$6,013$5,095$3,955
16 years$8,994$7,613$6,415$5,384$4,503$3,425
17 years$8,377$7,011$5,837$4,837$3,993$2,975
18 years$7,829$6,478$5,329$4,359$3,550$2,590
19 years$7,339$6,004$4,878$3,939$3,164$2,259
20 years$6,899$5,579$4,477$3,568$2,826$1,975
21 years$6,502$5,197$4,118$3,238$2,529$1,729
22 years$6,141$4,851$3,795$2,944$2,267$1,515
23 years$5,812$4,537$3,504$2,681$2,035$1,330
24 years$5,510$4,251$3,241$2,445$1,829$1,168
25 years$5,234$3,989$3,002$2,233$1,646$1,027
26 years$4,979$3,749$2,784$2,042$1,483$904
27 years$4,743$3,529$2,585$1,869$1,337$796
28 years$4,524$3,325$2,403$1,712$1,206$701
29 years$4,321$3,137$2,236$1,570$1,089$618
30 years$4,132$2,962$2,083$1,441$984$545
31 years$3,956$2,800$1,942$1,324$890$481
32 years$3,790$2,650$1,812$1,216$805$425
33 years$3,635$2,509$1,692$1,119$728$375
34 years$3,490$2,378$1,581$1,029$659$331
35 years$3,353$2,256$1,478$947$597$292
36 years$3,224$2,141$1,383$873$541$258
37 years$3,102$2,034$1,294$804$490$228
38 years$2,987$1,933$1,212$741$445$202
39 years$2,878$1,838$1,135$683$403$178
40 years$2,775$1,748$1,064$630$366$158
41 years$2,677$1,664$998$581$332$139
42 years$2,584$1,585$936$537$301$123
43 years$2,496$1,510$878$495$273$109
44 years$2,412$1,440$824$457$248$96
45 years$2,332$1,373$774$422$225$85
46 years$2,255$1,310$727$390$204$75
47 years$2,182$1,250$683$360$186$67
48 years$2,113$1,193$642$333$169$59
49 years$2,046$1,139$603$308$153$52
50 years$1,982$1,088$567$285$139$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,030,000, adding $6,580 every year, while hoping to spend $42,029 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: 61/28/11 Blend
67$2,030,000$2,030,000$2,030,000$2,030,000
68$2,243,847$2,136,257$2,104,792$2,374,563
69$2,428,001$2,196,215$2,130,584$2,522,999
70$2,629,530$2,257,703$2,155,832$2,679,514
71$2,850,162$2,320,750$2,180,472$2,849,262
72$3,091,800$2,385,388$2,204,439$3,033,525
73$3,356,538$2,451,647$2,227,663$3,233,713
74$3,646,686$2,519,558$2,250,070$3,451,377
75$3,964,783$2,589,152$2,271,582$3,688,226
76$4,313,629$2,660,459$2,292,119$3,946,142
77$4,696,308$2,733,510$2,311,594$4,227,196
78$5,116,215$2,808,335$2,329,915$4,533,670
79$5,577,090$2,884,965$2,346,989$4,868,076
80$6,083,053$2,963,428$2,362,713$5,233,182
81$6,638,644$3,043,755$2,376,983$5,632,034
82$7,248,860$3,125,974$2,389,687$6,067,991
83$7,919,211$3,210,114$2,400,708$6,544,748
84$8,655,763$3,296,202$2,409,924$7,066,380
85$9,465,200$3,384,265$2,417,206$7,637,372
86$10,354,887$3,474,330$2,422,418$8,262,667
87$11,332,934$3,566,421$2,425,419$8,947,711
88$12,408,281$3,660,563$2,426,057$9,698,500
89$13,590,774$3,756,779$2,424,178$10,521,645
90$14,891,261$3,855,090$2,419,617$11,424,424
91$16,321,697$3,955,516$2,412,201$12,414,861
92$17,895,250$4,058,077$2,401,750$13,501,793
93$19,626,431$4,162,788$2,388,074$14,694,957
94$21,531,227$4,269,665$2,370,975$16,005,084
95$23,627,254$4,378,720$2,350,244$17,443,993
96$25,933,921$4,489,964$2,325,664$19,024,712
97$28,472,613$4,603,404$2,297,006$20,761,592
98$31,266,895$4,719,046$2,264,031$22,670,449
99$34,342,730$4,836,892$2,226,489$24,768,709
100$37,728,730$4,956,941$2,184,117$27,075,574