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

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$170,113$168,598$167,119$165,676$164,267$162,959
2 years$84,214$82,646$81,126$79,652$78,223$76,904
3 years$55,585$54,010$52,494$51,034$49,628$48,339
4 years$41,273$39,703$38,202$36,767$35,395$34,147
5 years$32,689$31,128$29,646$28,241$26,907$25,702
6 years$26,967$25,418$23,959$22,584$21,290$20,132
7 years$22,882$21,346$19,910$18,568$17,315$16,202
8 years$19,820$18,298$16,885$15,576$14,364$13,297
9 years$17,439$15,931$14,543$13,267$12,097$11,076
10 years$15,536$14,043$12,679$11,437$10,307$9,331
11 years$13,980$12,501$11,162$9,953$8,864$7,933
12 years$12,684$11,221$9,906$8,730$7,682$6,794
13 years$11,588$10,140$8,851$7,708$6,699$5,853
14 years$10,649$9,217$7,952$6,842$5,872$5,068
15 years$9,837$8,420$7,180$6,102$5,170$4,407
16 years$9,127$7,725$6,510$5,463$4,569$3,845
17 years$8,501$7,115$5,924$4,909$4,052$3,365
18 years$7,945$6,574$5,407$4,424$3,602$2,953
19 years$7,448$6,093$4,950$3,997$3,211$2,597
20 years$7,001$5,662$4,543$3,620$2,868$2,288
21 years$6,598$5,274$4,179$3,286$2,567$2,019
22 years$6,231$4,923$3,851$2,987$2,301$1,785
23 years$5,897$4,604$3,556$2,721$2,065$1,580
24 years$5,592$4,314$3,289$2,481$1,856$1,399
25 years$5,311$4,048$3,046$2,266$1,670$1,241
26 years$5,052$3,805$2,825$2,072$1,505$1,102
27 years$4,813$3,581$2,623$1,897$1,356$979
28 years$4,591$3,374$2,439$1,738$1,224$870
29 years$4,385$3,183$2,269$1,594$1,105$774
30 years$4,193$3,006$2,114$1,462$999$688
31 years$4,014$2,842$1,971$1,343$903$613
32 years$3,846$2,689$1,839$1,234$817$546
33 years$3,689$2,546$1,717$1,135$739$486
34 years$3,542$2,413$1,604$1,044$669$434
35 years$3,403$2,289$1,500$961$606$386
36 years$3,272$2,173$1,403$885$549$345
37 years$3,148$2,064$1,313$816$498$307
38 years$3,032$1,961$1,230$752$451$274
39 years$2,921$1,865$1,152$693$409$245
40 years$2,816$1,774$1,080$640$371$218
41 years$2,717$1,689$1,013$590$337$195
42 years$2,623$1,608$950$545$306$174
43 years$2,533$1,533$891$503$277$155
44 years$2,448$1,461$837$464$252$139
45 years$2,366$1,393$786$429$228$124
46 years$2,289$1,329$738$396$207$111
47 years$2,215$1,268$693$366$188$99
48 years$2,144$1,211$651$338$171$88
49 years$2,076$1,156$612$312$155$79
50 years$2,011$1,104$576$289$141$70

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 $3,419 every year, while hoping to spend $31,774 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: 82/8/10 Blend
67$2,060,000$2,060,000$2,060,000$2,060,000
68$2,273,647$2,164,467$2,132,537$2,456,277
69$2,471,751$2,236,718$2,170,169$2,648,639
70$2,688,998$2,311,445$2,207,998$2,855,229
71$2,927,305$2,388,735$2,245,995$3,081,086
72$3,188,786$2,468,680$2,284,132$3,328,125
73$3,475,770$2,551,372$2,322,378$3,598,453
74$3,790,820$2,636,912$2,360,700$3,894,394
75$4,136,762$2,725,399$2,399,061$4,218,504
76$4,516,708$2,816,939$2,437,425$4,573,602
77$4,934,084$2,911,641$2,475,752$4,962,789
78$5,392,668$3,009,619$2,513,997$5,389,483
79$5,896,620$3,110,990$2,552,116$5,857,448
80$6,450,523$3,215,876$2,590,059$6,370,833
81$7,059,426$3,324,404$2,627,776$6,934,204
82$7,728,893$3,436,705$2,665,211$7,552,594
83$8,465,051$3,552,914$2,702,307$8,231,547
84$9,274,653$3,673,174$2,739,001$8,977,170
85$10,165,139$3,797,631$2,775,229$9,796,191
86$11,144,705$3,926,437$2,810,921$10,696,023
87$12,222,382$4,059,750$2,846,004$11,684,834
88$13,408,122$4,197,734$2,880,402$12,771,619
89$14,712,888$4,340,560$2,914,033$13,966,294
90$16,148,759$4,488,404$2,946,810$15,279,779
91$17,729,047$4,641,451$2,978,642$16,724,110
92$19,468,417$4,799,889$3,009,434$18,312,544
93$21,383,029$4,963,918$3,039,084$20,059,692
94$23,490,691$5,133,742$3,067,486$21,981,650
95$25,811,021$5,309,575$3,094,527$24,096,154
96$28,365,640$5,491,639$3,120,088$26,422,747
97$31,178,370$5,680,164$3,144,046$28,982,963
98$34,275,461$5,875,389$3,166,268$31,800,529
99$37,685,837$6,077,562$3,186,617$34,901,588
100$41,441,371$6,286,941$3,204,947$38,314,950