Can I retire at age 68 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$174,242$172,690$171,176$169,698$168,254$166,705
2 years$86,258$84,652$83,095$81,585$80,121$78,561
3 years$56,934$55,321$53,768$52,273$50,832$49,308
4 years$42,275$40,667$39,129$37,659$36,254$34,778
5 years$33,482$31,883$30,366$28,926$27,560$26,137
6 years$27,622$26,035$24,540$23,132$21,807$20,439
7 years$23,438$21,864$20,393$19,018$17,735$16,422
8 years$20,301$18,742$17,295$15,954$14,713$13,455
9 years$17,862$16,318$14,896$13,589$12,390$11,187
10 years$15,913$14,383$12,987$11,714$10,557$9,408
11 years$14,319$12,805$11,433$10,195$9,080$7,984
12 years$12,991$11,493$10,147$8,942$7,868$6,824
13 years$11,869$10,386$9,065$7,895$6,861$5,868
14 years$10,908$9,441$8,145$7,008$6,014$5,071
15 years$10,076$8,624$7,354$6,250$5,296$4,400
16 years$9,348$7,913$6,668$5,596$4,680$3,832
17 years$8,707$7,287$6,067$5,028$4,150$3,346
18 years$8,137$6,734$5,539$4,531$3,690$2,930
19 years$7,629$6,241$5,070$4,094$3,289$2,571
20 years$7,171$5,799$4,653$3,708$2,938$2,261
21 years$6,758$5,402$4,280$3,365$2,629$1,991
22 years$6,383$5,042$3,945$3,060$2,356$1,756
23 years$6,041$4,716$3,642$2,787$2,115$1,550
24 years$5,728$4,419$3,369$2,542$1,901$1,370
25 years$5,440$4,147$3,120$2,321$1,711$1,212
26 years$5,175$3,897$2,894$2,122$1,541$1,074
27 years$4,930$3,668$2,687$1,943$1,389$951
28 years$4,703$3,456$2,498$1,780$1,254$844
29 years$4,492$3,260$2,324$1,632$1,132$749
30 years$4,295$3,079$2,165$1,498$1,023$664
31 years$4,111$2,911$2,019$1,376$925$590
32 years$3,940$2,754$1,883$1,264$837$524
33 years$3,779$2,608$1,758$1,163$757$466
34 years$3,627$2,472$1,643$1,070$685$414
35 years$3,485$2,345$1,536$985$621$368
36 years$3,351$2,225$1,437$907$562$328
37 years$3,225$2,114$1,345$836$510$292
38 years$3,105$2,009$1,260$770$462$259
39 years$2,992$1,910$1,180$710$419$231
40 years$2,885$1,817$1,106$655$380$206
41 years$2,783$1,730$1,037$604$345$183
42 years$2,686$1,647$973$558$313$163
43 years$2,594$1,570$913$515$284$145
44 years$2,507$1,496$857$475$258$129
45 years$2,424$1,427$805$439$234$115
46 years$2,344$1,361$756$406$212$103
47 years$2,268$1,299$710$375$193$91
48 years$2,196$1,240$667$346$175$81
49 years$2,126$1,184$627$320$159$72
50 years$2,060$1,131$590$296$145$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,110,000, adding $6,915 every year, while hoping to spend $39,954 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: 34/48/18 Blend
67$2,110,000$2,110,000$2,110,000$2,110,000
68$2,332,353$2,220,523$2,187,818$2,398,505
69$2,527,742$2,286,818$2,218,599$2,514,009
70$2,741,722$2,355,022$2,249,072$2,634,280
71$2,976,146$2,425,187$2,279,185$2,763,135
72$3,233,058$2,497,365$2,308,882$2,901,353
73$3,514,704$2,571,611$2,338,104$3,049,795
74$3,823,562$2,647,978$2,366,789$3,209,404
75$4,162,360$2,726,524$2,394,871$3,381,219
76$4,534,103$2,807,305$2,422,281$3,566,381
77$4,942,099$2,890,381$2,448,946$3,766,147
78$5,389,995$2,975,812$2,474,787$3,981,898
79$5,881,807$3,063,658$2,499,724$4,215,155
80$6,421,956$3,153,983$2,523,670$4,467,591
81$7,015,318$3,246,850$2,546,536$4,741,047
82$7,667,260$3,342,325$2,568,224$5,037,549
83$8,383,696$3,440,474$2,588,634$5,359,329
84$9,171,140$3,541,366$2,607,662$5,708,842
85$10,036,773$3,645,068$2,625,194$6,088,792
86$10,988,500$3,751,653$2,641,114$6,502,156
87$12,035,034$3,861,191$2,655,299$6,952,211
88$13,185,975$3,973,757$2,667,619$7,442,566
89$14,451,898$4,089,424$2,677,938$7,977,198
90$15,844,455$4,208,270$2,686,112$8,560,483
91$17,376,484$4,330,370$2,691,992$9,197,242
92$19,062,131$4,455,804$2,695,419$9,892,787
93$20,916,981$4,584,651$2,696,229$10,652,965
94$22,958,207$4,716,993$2,694,246$11,484,221
95$25,204,731$4,852,912$2,689,290$12,393,651
96$27,677,401$4,992,492$2,681,168$13,389,074
97$30,399,189$5,135,818$2,669,681$14,479,103
98$33,395,409$5,282,975$2,654,618$15,673,226
99$36,693,951$5,434,051$2,635,758$16,981,897
100$40,325,550$5,589,135$2,612,871$18,416,632