Can I retire at age 68 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$169,287$167,779$166,308$164,872$163,470$162,304
2 years$83,805$82,245$80,732$79,265$77,843$76,667
3 years$55,315$53,748$52,239$50,786$49,387$48,237
4 years$41,073$39,510$38,017$36,589$35,223$34,109
5 years$32,530$30,977$29,502$28,104$26,776$25,701
6 years$26,836$25,295$23,842$22,475$21,187$20,152
7 years$22,771$21,242$19,813$18,478$17,231$16,236
8 years$19,724$18,209$16,803$15,500$14,294$13,341
9 years$17,355$15,854$14,472$13,203$12,038$11,125
10 years$15,460$13,974$12,617$11,381$10,257$9,384
11 years$13,912$12,441$11,108$9,905$8,821$7,987
12 years$12,622$11,166$9,858$8,688$7,644$6,849
13 years$11,532$10,091$8,808$7,670$6,666$5,908
14 years$10,598$9,172$7,914$6,809$5,843$5,123
15 years$9,789$8,379$7,145$6,072$5,145$4,460
16 years$9,082$7,688$6,478$5,437$4,547$3,897
17 years$8,459$7,080$5,895$4,885$4,032$3,415
18 years$7,906$6,542$5,381$4,402$3,585$3,001
19 years$7,412$6,063$4,926$3,978$3,195$2,643
20 years$6,967$5,634$4,521$3,603$2,854$2,332
21 years$6,566$5,248$4,158$3,270$2,554$2,061
22 years$6,201$4,899$3,833$2,973$2,289$1,825
23 years$5,869$4,582$3,539$2,708$2,055$1,617
24 years$5,565$4,293$3,273$2,469$1,847$1,435
25 years$5,285$4,029$3,031$2,255$1,662$1,275
26 years$5,028$3,786$2,811$2,062$1,497$1,133
27 years$4,790$3,563$2,611$1,887$1,350$1,008
28 years$4,569$3,358$2,427$1,729$1,218$898
29 years$4,364$3,168$2,258$1,586$1,100$800
30 years$4,173$2,992$2,104$1,455$994$713
31 years$3,995$2,828$1,961$1,337$898$636
32 years$3,828$2,676$1,830$1,228$813$567
33 years$3,671$2,534$1,708$1,130$736$506
34 years$3,524$2,402$1,596$1,039$666$452
35 years$3,386$2,278$1,492$957$603$403
36 years$3,256$2,162$1,396$881$546$360
37 years$3,133$2,054$1,307$812$495$322
38 years$3,017$1,952$1,224$748$449$288
39 years$2,907$1,856$1,146$690$407$257
40 years$2,803$1,766$1,075$636$369$230
41 years$2,704$1,681$1,008$587$335$206
42 years$2,610$1,601$945$542$304$184
43 years$2,521$1,525$887$500$276$164
44 years$2,436$1,454$833$462$250$147
45 years$2,355$1,386$782$427$227$132
46 years$2,277$1,322$734$394$206$118
47 years$2,204$1,262$690$364$187$105
48 years$2,133$1,205$648$336$170$94
49 years$2,066$1,150$609$311$155$84
50 years$2,002$1,099$573$287$140$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,050,000, adding $6,052 every year, while hoping to spend $41,688 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: 59/36/5 Blend
67$2,050,000$2,050,000$2,050,000$2,050,000
68$2,265,343$2,156,693$2,124,918$2,396,643
69$2,452,052$2,218,015$2,151,747$2,546,604
70$2,656,408$2,280,945$2,178,077$2,704,709
71$2,880,168$2,345,517$2,203,849$2,876,024
72$3,125,264$2,411,766$2,228,997$3,061,817
73$3,393,827$2,479,729$2,253,454$3,263,482
74$3,688,201$2,549,440$2,277,149$3,482,554
75$4,010,970$2,620,935$2,300,006$3,720,722
76$4,364,979$2,694,250$2,321,946$3,979,846
77$4,753,360$2,769,422$2,342,884$4,261,972
78$5,179,566$2,846,486$2,362,734$4,569,353
79$5,647,397$2,925,480$2,381,401$4,904,470
80$6,161,042$3,006,439$2,398,789$5,270,055
81$6,725,114$3,089,400$2,414,793$5,669,116
82$7,344,694$3,174,398$2,429,307$6,104,964
83$8,025,380$3,261,471$2,442,216$6,581,248
84$8,773,339$3,350,653$2,453,400$7,101,984
85$9,595,364$3,441,981$2,462,735$7,671,597
86$10,498,942$3,535,488$2,470,087$8,294,960
87$11,492,317$3,631,210$2,475,318$8,977,439
88$12,584,575$3,729,181$2,478,283$9,724,949
89$13,785,725$3,829,434$2,478,828$10,544,000
90$15,106,793$3,932,001$2,476,793$11,441,767
91$16,559,931$4,036,914$2,472,011$12,426,153
92$18,158,525$4,144,203$2,464,303$13,505,865
93$19,917,323$4,253,898$2,453,487$14,690,494
94$21,852,578$4,366,027$2,439,367$15,990,606
95$23,982,195$4,480,617$2,421,740$17,417,845
96$26,325,904$4,597,692$2,400,393$18,985,035
97$28,905,443$4,717,275$2,375,103$20,706,309
98$31,744,766$4,839,389$2,345,636$22,597,237
99$34,870,264$4,964,052$2,311,747$24,674,973
100$38,311,021$5,091,280$2,273,181$26,958,420