Can I retire at age 68 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$171,764$170,234$168,742$167,285$165,862$164,955
2 years$85,032$83,448$81,913$80,425$78,982$78,067
3 years$56,125$54,534$53,003$51,529$50,109$49,214
4 years$41,674$40,089$38,573$37,124$35,738$34,870
5 years$33,006$31,430$29,934$28,515$27,168$26,329
6 years$27,229$25,665$24,191$22,803$21,497$20,689
7 years$23,104$21,553$20,103$18,748$17,483$16,706
8 years$20,012$18,475$17,049$15,727$14,504$13,758
9 years$17,609$16,086$14,684$13,396$12,214$11,499
10 years$15,687$14,179$12,802$11,548$10,407$9,723
11 years$14,115$12,623$11,271$10,050$8,950$8,296
12 years$12,807$11,329$10,003$8,815$7,756$7,132
13 years$11,700$10,239$8,937$7,782$6,764$6,168
14 years$10,753$9,307$8,030$6,908$5,929$5,362
15 years$9,932$8,502$7,250$6,161$5,220$4,681
16 years$9,215$7,800$6,573$5,517$4,614$4,101
17 years$8,583$7,184$5,981$4,957$4,091$3,604
18 years$8,022$6,638$5,460$4,467$3,637$3,176
19 years$7,520$6,152$4,998$4,036$3,242$2,805
20 years$7,069$5,717$4,587$3,656$2,896$2,482
21 years$6,662$5,325$4,219$3,318$2,591$2,200
22 years$6,292$4,971$3,889$3,016$2,323$1,954
23 years$5,955$4,649$3,591$2,747$2,085$1,737
24 years$5,646$4,356$3,321$2,506$1,874$1,546
25 years$5,363$4,088$3,076$2,288$1,686$1,377
26 years$5,101$3,842$2,852$2,092$1,519$1,228
27 years$4,860$3,616$2,649$1,915$1,370$1,096
28 years$4,636$3,407$2,462$1,755$1,236$979
29 years$4,428$3,214$2,291$1,609$1,116$875
30 years$4,234$3,035$2,134$1,477$1,008$782
31 years$4,053$2,869$1,990$1,356$912$700
32 years$3,884$2,715$1,857$1,246$825$627
33 years$3,725$2,571$1,733$1,146$746$561
34 years$3,576$2,437$1,620$1,055$676$503
35 years$3,436$2,311$1,514$971$612$450
36 years$3,304$2,194$1,417$894$554$404
37 years$3,179$2,084$1,326$824$503$362
38 years$3,061$1,980$1,242$759$456$324
39 years$2,949$1,883$1,163$700$413$291
40 years$2,844$1,791$1,090$646$375$261
41 years$2,743$1,705$1,022$596$340$234
42 years$2,648$1,624$959$550$309$210
43 years$2,558$1,547$900$508$280$189
44 years$2,471$1,475$845$469$254$169
45 years$2,389$1,407$793$433$231$152
46 years$2,311$1,342$745$400$209$136
47 years$2,236$1,280$700$369$190$122
48 years$2,165$1,222$658$341$173$110
49 years$2,096$1,167$618$315$157$99
50 years$2,031$1,115$581$292$143$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,080,000, adding $4,529 every year, while hoping to spend $44,470 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: 49/25/26 Blend
67$2,080,000$2,080,000$2,080,000$2,080,000
68$2,296,832$2,186,592$2,154,352$2,392,241
69$2,483,793$2,246,419$2,179,207$2,519,253
70$2,688,333$2,307,687$2,203,404$2,652,376
71$2,912,200$2,370,420$2,226,874$2,796,127
72$3,157,315$2,434,642$2,249,545$2,951,531
73$3,425,796$2,500,374$2,271,340$3,119,716
74$3,719,974$2,567,640$2,292,177$3,301,926
75$4,042,419$2,636,461$2,311,972$3,499,530
76$4,395,957$2,706,859$2,330,635$3,714,038
77$4,783,705$2,778,856$2,348,071$3,947,112
78$5,209,093$2,852,469$2,364,182$4,200,583
79$5,675,900$2,927,720$2,378,861$4,476,468
80$6,188,289$3,004,625$2,392,000$4,776,991
81$6,750,845$3,083,202$2,403,483$5,104,601
82$7,368,619$3,163,467$2,413,188$5,461,997
83$8,047,176$3,245,435$2,420,987$5,852,154
84$8,792,645$3,329,118$2,426,747$6,278,349
85$9,611,778$3,414,528$2,430,326$6,744,194
86$10,512,015$3,501,676$2,431,578$7,253,668
87$11,501,550$3,590,568$2,430,346$7,811,158
88$12,589,414$3,681,211$2,426,468$8,421,496
89$13,785,553$3,773,609$2,419,773$9,090,011
90$15,100,927$3,867,764$2,410,083$9,822,571
91$16,547,610$3,963,673$2,397,209$10,625,646
92$18,138,906$4,061,332$2,380,956$11,506,367
93$19,889,472$4,160,736$2,361,116$12,472,592
94$21,815,459$4,261,873$2,337,474$13,532,979
95$23,934,661$4,364,729$2,309,804$14,697,074
96$26,266,682$4,469,287$2,277,869$15,975,394
97$28,833,127$4,575,525$2,241,420$17,379,534
98$31,657,797$4,683,417$2,200,199$18,922,269
99$34,766,919$4,792,931$2,153,933$20,617,681
100$38,189,393$4,904,033$2,102,338$22,481,289