Can I retire at age 68 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$172,590$171,053$169,553$168,089$166,660$165,194
2 years$85,441$83,849$82,307$80,812$79,362$77,885
3 years$56,395$54,797$53,258$51,777$50,350$48,908
4 years$41,874$40,281$38,758$37,302$35,910$34,514
5 years$33,165$31,581$30,078$28,652$27,298$25,952
6 years$27,360$25,788$24,308$22,913$21,600$20,305
7 years$23,215$21,657$20,200$18,838$17,567$16,323
8 years$20,108$18,564$17,131$15,803$14,573$13,382
9 years$17,693$16,163$14,755$13,461$12,273$11,133
10 years$15,762$14,247$12,864$11,603$10,457$9,368
11 years$14,183$12,683$11,325$10,098$8,993$7,954
12 years$12,868$11,384$10,051$8,857$7,794$6,804
13 years$11,757$10,288$8,980$7,820$6,796$5,854
14 years$10,804$9,351$8,068$6,942$5,957$5,062
15 years$9,980$8,543$7,284$6,191$5,245$4,396
16 years$9,259$7,838$6,604$5,543$4,636$3,830
17 years$8,624$7,218$6,010$4,980$4,111$3,348
18 years$8,060$6,670$5,486$4,488$3,655$2,933
19 years$7,556$6,182$5,022$4,056$3,258$2,576
20 years$7,103$5,744$4,609$3,673$2,910$2,266
21 years$6,694$5,351$4,240$3,334$2,604$1,997
22 years$6,322$4,995$3,907$3,031$2,334$1,763
23 years$5,983$4,671$3,608$2,760$2,095$1,558
24 years$5,673$4,377$3,337$2,518$1,883$1,378
25 years$5,388$4,107$3,090$2,299$1,695$1,220
26 years$5,126$3,860$2,866$2,102$1,526$1,081
27 years$4,883$3,633$2,662$1,924$1,376$959
28 years$4,658$3,423$2,474$1,763$1,242$851
29 years$4,449$3,229$2,302$1,617$1,121$756
30 years$4,254$3,050$2,145$1,484$1,013$671
31 years$4,072$2,883$1,999$1,363$916$597
32 years$3,902$2,728$1,865$1,252$829$531
33 years$3,743$2,584$1,742$1,152$750$472
34 years$3,593$2,449$1,627$1,060$679$420
35 years$3,452$2,322$1,522$975$615$374
36 years$3,319$2,204$1,423$898$557$333
37 years$3,194$2,094$1,332$828$505$296
38 years$3,076$1,990$1,248$763$458$264
39 years$2,964$1,892$1,169$703$415$235
40 years$2,857$1,800$1,096$649$377$209
41 years$2,757$1,714$1,027$599$342$187
42 years$2,661$1,632$964$552$310$166
43 years$2,570$1,555$904$510$281$148
44 years$2,483$1,482$849$471$255$132
45 years$2,401$1,413$797$435$232$118
46 years$2,322$1,348$749$402$210$105
47 years$2,247$1,287$703$371$191$94
48 years$2,175$1,228$661$343$174$83
49 years$2,106$1,173$621$317$158$74
50 years$2,041$1,120$584$293$143$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,090,000, adding $5,397 every year, while hoping to spend $35,951 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: 32/47/21 Blend
67$2,090,000$2,090,000$2,090,000$2,090,000
68$2,308,747$2,197,977$2,165,582$2,367,483
69$2,505,988$2,267,426$2,199,877$2,481,470
70$2,722,142$2,339,074$2,234,117$2,600,525
71$2,959,101$2,412,989$2,268,260$2,728,017
72$3,218,948$2,489,244$2,302,266$2,864,706
73$3,503,977$2,567,913$2,336,088$3,011,429
74$3,816,714$2,649,073$2,369,679$3,169,103
75$4,159,944$2,732,802$2,402,988$3,338,738
76$4,536,732$2,819,184$2,435,962$3,521,444
77$4,950,456$2,908,300$2,468,543$3,718,442
78$5,404,834$3,000,239$2,500,672$3,931,073
79$5,903,967$3,095,090$2,532,284$4,160,812
80$6,452,368$3,192,946$2,563,312$4,409,283
81$7,055,011$3,293,902$2,593,684$4,678,272
82$7,717,376$3,398,057$2,623,326$4,969,743
83$8,445,498$3,505,512$2,652,158$5,285,857
84$9,246,029$3,616,372$2,680,095$5,628,993
85$10,126,296$3,730,746$2,707,050$6,001,771
86$11,094,370$3,848,745$2,732,928$6,407,070
87$12,159,147$3,970,484$2,757,632$6,848,064
88$13,330,425$4,096,083$2,781,058$7,328,244
89$14,619,001$4,225,664$2,803,096$7,851,454
90$16,036,772$4,359,354$2,823,633$8,421,927
91$17,596,844$4,497,284$2,842,546$9,044,324
92$19,313,660$4,639,588$2,859,709$9,723,777
93$21,203,132$4,786,407$2,874,988$10,465,937
94$23,282,794$4,937,883$2,888,242$11,277,027
95$25,571,965$5,094,165$2,899,324$12,163,901
96$28,091,932$5,255,407$2,908,079$13,134,108
97$30,866,153$5,421,765$2,914,343$14,195,963
98$33,920,472$5,593,403$2,917,945$15,358,623
99$37,283,371$5,770,490$2,918,707$16,632,176
100$40,986,229$5,953,199$2,916,438$18,027,732