Can I retire at age 68 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$173,416$171,871$170,364$168,893$167,457$165,296
2 years$85,850$84,251$82,701$81,199$79,741$77,567
3 years$56,665$55,059$53,513$52,025$50,591$48,472
4 years$42,075$40,474$38,944$37,481$36,082$34,033
5 years$33,323$31,732$30,222$28,789$27,429$25,457
6 years$27,491$25,912$24,424$23,023$21,704$19,811
7 years$23,327$21,761$20,296$18,928$17,651$15,838
8 years$20,205$18,653$17,213$15,878$14,643$12,910
9 years$17,778$16,241$14,825$13,525$12,332$10,677
10 years$15,837$14,315$12,925$11,659$10,507$8,930
11 years$14,251$12,744$11,379$10,146$9,037$7,536
12 years$12,930$11,438$10,099$8,900$7,831$6,405
13 years$11,813$10,337$9,023$7,857$6,829$5,476
14 years$10,856$9,396$8,107$6,975$5,986$4,704
15 years$10,028$8,583$7,319$6,220$5,271$4,057
16 years$9,304$7,875$6,636$5,570$4,658$3,511
17 years$8,666$7,253$6,039$5,004$4,130$3,047
18 years$8,099$6,702$5,512$4,510$3,672$2,651
19 years$7,592$6,211$5,046$4,075$3,273$2,311
20 years$7,137$5,772$4,631$3,691$2,924$2,018
21 years$6,726$5,376$4,260$3,350$2,616$1,765
22 years$6,352$5,018$3,926$3,045$2,345$1,546
23 years$6,012$4,694$3,625$2,774$2,105$1,356
24 years$5,700$4,398$3,353$2,530$1,892$1,190
25 years$5,414$4,127$3,105$2,310$1,703$1,046
26 years$5,150$3,879$2,880$2,112$1,534$920
27 years$4,906$3,650$2,674$1,934$1,383$809
28 years$4,680$3,440$2,486$1,772$1,248$712
29 years$4,470$3,245$2,313$1,625$1,127$627
30 years$4,275$3,064$2,155$1,491$1,018$553
31 years$4,092$2,897$2,009$1,369$920$487
32 years$3,921$2,741$1,874$1,258$833$430
33 years$3,761$2,596$1,750$1,157$753$379
34 years$3,610$2,460$1,635$1,065$682$335
35 years$3,469$2,334$1,529$980$618$295
36 years$3,335$2,215$1,430$903$560$261
37 years$3,209$2,104$1,339$832$507$230
38 years$3,090$1,999$1,254$767$460$203
39 years$2,978$1,901$1,174$707$417$180
40 years$2,871$1,809$1,101$652$378$159
41 years$2,770$1,722$1,032$602$343$140
42 years$2,674$1,640$968$555$311$124
43 years$2,582$1,562$909$512$283$109
44 years$2,495$1,489$853$473$257$97
45 years$2,412$1,420$801$437$233$85
46 years$2,333$1,355$752$404$211$75
47 years$2,258$1,293$707$373$192$67
48 years$2,185$1,234$664$345$174$59
49 years$2,116$1,179$624$318$158$52
50 years$2,050$1,126$587$294$144$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,100,000, adding $4,939 every year, while hoping to spend $44,314 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: 61/20/19 Blend
67$2,100,000$2,100,000$2,100,000$2,100,000
68$2,319,295$2,207,995$2,175,445$2,449,095
69$2,508,713$2,269,037$2,201,172$2,598,380
70$2,715,967$2,331,584$2,226,277$2,755,869
71$2,942,828$2,395,665$2,250,690$2,926,728
72$3,191,249$2,461,305$2,274,341$3,112,261
73$3,463,380$2,528,532$2,297,154$3,313,904
74$3,761,586$2,597,372$2,319,050$3,533,238
75$4,088,474$2,667,850$2,339,945$3,772,004
76$4,446,917$2,739,992$2,359,751$4,032,121
77$4,840,075$2,813,825$2,378,376$4,315,702
78$5,271,432$2,889,371$2,395,720$4,625,074
79$5,744,824$2,966,656$2,411,683$4,962,800
80$6,264,476$3,045,703$2,426,155$5,331,705
81$6,835,045$3,126,534$2,439,022$5,734,901
82$7,461,656$3,209,171$2,450,166$6,175,816
83$8,149,958$3,293,634$2,459,461$6,658,227
84$8,906,175$3,379,943$2,466,774$7,186,294
85$9,737,161$3,468,116$2,471,967$7,764,604
86$10,650,468$3,558,171$2,474,894$8,398,206
87$11,654,416$3,650,121$2,475,403$9,092,669
88$12,758,172$3,743,982$2,473,334$9,854,124
89$13,971,833$3,839,765$2,468,518$10,689,331
90$15,306,525$3,937,479$2,460,779$11,605,735
91$16,774,508$4,037,132$2,449,932$12,611,543
92$18,389,286$4,138,730$2,435,784$13,715,796
93$20,165,741$4,242,276$2,418,130$14,928,460
94$22,120,268$4,347,768$2,396,759$16,260,512
95$24,270,931$4,455,205$2,371,446$17,724,054
96$26,637,636$4,564,580$2,341,959$19,332,418
97$29,242,313$4,675,883$2,308,053$21,100,296
98$32,109,128$4,789,100$2,269,472$23,043,881
99$35,264,707$4,904,214$2,225,948$25,181,015
100$38,738,389$5,021,203$2,177,199$27,531,360