Can I retire at age 68 with 2,060,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$170,113$168,598$167,119$165,676$164,267$160,819
2 years$84,214$82,646$81,126$79,652$78,223$74,765
3 years$55,585$54,010$52,494$51,034$49,628$46,268
4 years$41,273$39,703$38,202$36,767$35,395$32,160
5 years$32,689$31,128$29,646$28,241$26,907$23,805
6 years$26,967$25,418$23,959$22,584$21,290$18,325
7 years$22,882$21,346$19,910$18,568$17,315$14,487
8 years$19,820$18,298$16,885$15,576$14,364$11,673
9 years$17,439$15,931$14,543$13,267$12,097$9,540
10 years$15,536$14,043$12,679$11,437$10,307$7,882
11 years$13,980$12,501$11,162$9,953$8,864$6,568
12 years$12,684$11,221$9,906$8,730$7,682$5,511
13 years$11,588$10,140$8,851$7,708$6,699$4,650
14 years$10,649$9,217$7,952$6,842$5,872$3,941
15 years$9,837$8,420$7,180$6,102$5,170$3,352
16 years$9,127$7,725$6,510$5,463$4,569$2,861
17 years$8,501$7,115$5,924$4,909$4,052$2,448
18 years$7,945$6,574$5,407$4,424$3,602$2,099
19 years$7,448$6,093$4,950$3,997$3,211$1,803
20 years$7,001$5,662$4,543$3,620$2,868$1,551
21 years$6,598$5,274$4,179$3,286$2,567$1,337
22 years$6,231$4,923$3,851$2,987$2,301$1,153
23 years$5,897$4,604$3,556$2,721$2,065$995
24 years$5,592$4,314$3,289$2,481$1,856$860
25 years$5,311$4,048$3,046$2,266$1,670$744
26 years$5,052$3,805$2,825$2,072$1,505$644
27 years$4,813$3,581$2,623$1,897$1,356$557
28 years$4,591$3,374$2,439$1,738$1,224$483
29 years$4,385$3,183$2,269$1,594$1,105$418
30 years$4,193$3,006$2,114$1,462$999$363
31 years$4,014$2,842$1,971$1,343$903$314
32 years$3,846$2,689$1,839$1,234$817$273
33 years$3,689$2,546$1,717$1,135$739$237
34 years$3,542$2,413$1,604$1,044$669$205
35 years$3,403$2,289$1,500$961$606$178
36 years$3,272$2,173$1,403$885$549$155
37 years$3,148$2,064$1,313$816$498$134
38 years$3,032$1,961$1,230$752$451$117
39 years$2,921$1,865$1,152$693$409$101
40 years$2,816$1,774$1,080$640$371$88
41 years$2,717$1,689$1,013$590$337$76
42 years$2,623$1,608$950$545$306$66
43 years$2,533$1,533$891$503$277$58
44 years$2,448$1,461$837$464$252$50
45 years$2,366$1,393$786$429$228$43
46 years$2,289$1,329$738$396$207$38
47 years$2,215$1,268$693$366$188$33
48 years$2,144$1,211$651$338$171$28
49 years$2,076$1,156$612$312$155$25
50 years$2,011$1,104$576$289$141$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,060,000, adding $4,499 every year, while hoping to spend $59,808 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: 66/27/7 Blend
67$2,060,000$2,060,000$2,060,000$2,060,000
68$2,274,761$2,165,581$2,133,651$2,421,811
69$2,443,151$2,208,059$2,141,493$2,562,542
70$2,626,713$2,250,614$2,147,593$2,708,711
71$2,826,930$2,293,187$2,151,830$2,866,869
72$3,045,437$2,335,713$2,154,076$3,038,177
73$3,284,031$2,378,122$2,154,197$3,223,914
74$3,544,693$2,420,341$2,152,054$3,425,489
75$3,829,601$2,462,288$2,147,497$3,644,454
76$4,141,156$2,503,875$2,140,374$3,882,517
77$4,481,999$2,545,010$2,130,521$4,141,563
78$4,855,038$2,585,591$2,117,769$4,423,667
79$5,263,478$2,625,511$2,101,941$4,731,114
80$5,710,845$2,664,653$2,082,848$5,066,425
81$6,201,025$2,702,894$2,060,297$5,432,376
82$6,738,294$2,740,101$2,034,081$5,832,025
83$7,327,365$2,776,131$2,003,988$6,268,744
84$7,973,426$2,810,832$1,969,792$6,746,249
85$8,682,195$2,844,041$1,931,258$7,268,633
86$9,459,964$2,875,585$1,888,142$7,840,408
87$10,313,671$2,905,279$1,840,184$8,466,548
88$11,250,952$2,932,924$1,787,117$9,152,533
89$12,280,223$2,958,311$1,728,659$9,904,402
90$13,410,751$2,981,214$1,664,515$10,728,814
91$14,652,750$3,001,395$1,594,378$11,633,105
92$16,017,466$3,018,599$1,517,925$12,625,360
93$17,517,292$3,032,555$1,434,821$13,714,494
94$19,165,881$3,042,976$1,344,713$14,910,328
95$20,978,274$3,049,554$1,247,233$16,223,689
96$22,971,041$3,051,966$1,141,999$17,666,511
97$25,162,439$3,049,864$1,028,608$19,251,944
98$27,572,583$3,042,883$906,641$20,994,485
99$30,223,634$3,030,632$775,662$22,910,110
100$33,140,010$3,012,698$635,212$25,016,430