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

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$174,242$172,690$171,176$169,698$168,254$164,254
2 years$86,258$84,652$83,095$81,585$80,121$76,114
3 years$56,934$55,321$53,768$52,273$50,832$46,943
4 years$42,275$40,667$39,129$37,659$36,254$32,514
5 years$33,482$31,883$30,366$28,926$27,560$23,979
6 years$27,622$26,035$24,540$23,132$21,807$18,389
7 years$23,438$21,864$20,393$19,018$17,735$14,480
8 years$20,301$18,742$17,295$15,954$14,713$11,620
9 years$17,862$16,318$14,896$13,589$12,390$9,457
10 years$15,913$14,383$12,987$11,714$10,557$7,779
11 years$14,319$12,805$11,433$10,195$9,080$6,454
12 years$12,991$11,493$10,147$8,942$7,868$5,391
13 years$11,869$10,386$9,065$7,895$6,861$4,527
14 years$10,908$9,441$8,145$7,008$6,014$3,818
15 years$10,076$8,624$7,354$6,250$5,296$3,232
16 years$9,348$7,913$6,668$5,596$4,680$2,745
17 years$8,707$7,287$6,067$5,028$4,150$2,336
18 years$8,137$6,734$5,539$4,531$3,690$1,993
19 years$7,629$6,241$5,070$4,094$3,289$1,703
20 years$7,171$5,799$4,653$3,708$2,938$1,458
21 years$6,758$5,402$4,280$3,365$2,629$1,249
22 years$6,383$5,042$3,945$3,060$2,356$1,072
23 years$6,041$4,716$3,642$2,787$2,115$920
24 years$5,728$4,419$3,369$2,542$1,901$791
25 years$5,440$4,147$3,120$2,321$1,711$680
26 years$5,175$3,897$2,894$2,122$1,541$585
27 years$4,930$3,668$2,687$1,943$1,389$504
28 years$4,703$3,456$2,498$1,780$1,254$434
29 years$4,492$3,260$2,324$1,632$1,132$374
30 years$4,295$3,079$2,165$1,498$1,023$322
31 years$4,111$2,911$2,019$1,376$925$278
32 years$3,940$2,754$1,883$1,264$837$240
33 years$3,779$2,608$1,758$1,163$757$207
34 years$3,627$2,472$1,643$1,070$685$178
35 years$3,485$2,345$1,536$985$621$154
36 years$3,351$2,225$1,437$907$562$133
37 years$3,225$2,114$1,345$836$510$115
38 years$3,105$2,009$1,260$770$462$99
39 years$2,992$1,910$1,180$710$419$85
40 years$2,885$1,817$1,106$655$380$74
41 years$2,783$1,730$1,037$604$345$64
42 years$2,686$1,647$973$558$313$55
43 years$2,594$1,570$913$515$284$47
44 years$2,507$1,496$857$475$258$41
45 years$2,424$1,427$805$439$234$35
46 years$2,344$1,361$756$406$212$30
47 years$2,268$1,299$710$375$193$26
48 years$2,196$1,240$667$346$175$23
49 years$2,126$1,184$627$320$159$20
50 years$2,060$1,131$590$296$145$17

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 $6,543 every year, while hoping to spend $38,485 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: 38/42/20 Blend
67$2,110,000$2,110,000$2,110,000$2,110,000
68$2,331,969$2,220,139$2,187,434$2,406,381
69$2,528,882$2,287,978$2,219,765$2,528,562
70$2,744,591$2,357,852$2,251,890$2,656,402
71$2,980,971$2,429,818$2,283,760$2,793,771
72$3,240,089$2,503,939$2,315,326$2,941,551
73$3,524,222$2,580,276$2,346,533$3,100,711
74$3,835,877$2,658,893$2,377,326$3,272,318
75$4,177,814$2,739,856$2,407,643$3,457,544
76$4,553,074$2,823,233$2,437,423$3,657,681
77$4,965,009$2,909,092$2,466,598$3,874,147
78$5,417,308$2,997,506$2,495,097$4,108,505
79$5,914,037$3,088,547$2,522,846$4,362,474
80$6,459,672$3,182,290$2,549,766$4,637,946
81$7,059,149$3,278,812$2,575,772$4,937,004
82$7,717,901$3,378,192$2,600,779$5,261,940
83$8,441,914$3,480,511$2,624,693$5,615,278
84$9,237,787$3,585,853$2,647,418$5,999,798
85$10,112,784$3,694,303$2,668,849$6,418,558
86$11,074,912$3,805,948$2,688,880$6,874,928
87$12,132,992$3,920,879$2,707,396$7,372,617
88$13,296,742$4,039,187$2,724,279$7,915,712
89$14,576,870$4,160,967$2,739,402$8,508,711
90$15,985,172$4,286,315$2,752,633$9,156,571
91$17,534,646$4,415,332$2,763,834$9,864,750
92$19,239,616$4,548,119$2,772,858$10,639,260
93$21,115,860$4,684,780$2,779,551$11,486,723
94$23,180,765$4,825,422$2,783,754$12,414,435
95$25,453,491$4,970,155$2,785,297$13,430,432
96$27,955,145$5,119,091$2,784,003$14,543,566
97$30,708,988$5,272,344$2,779,685$15,763,590
98$33,740,649$5,430,034$2,772,149$17,101,249
99$37,078,369$5,592,279$2,761,190$18,568,379
100$40,753,266$5,759,204$2,746,593$20,178,021