Can I retire at age 68 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$175,068$173,508$171,987$170,502$169,052$166,525
2 years$86,667$85,053$83,489$81,972$80,501$77,961
3 years$57,204$55,583$54,023$52,520$51,073$48,599
4 years$42,476$40,859$39,315$37,838$36,426$34,037
5 years$33,641$32,034$30,510$29,063$27,690$25,393
6 years$27,753$26,158$24,656$23,242$21,910$19,708
7 years$23,549$21,968$20,490$19,109$17,819$15,712
8 years$20,397$18,830$17,377$16,030$14,783$12,770
9 years$17,947$16,395$14,967$13,654$12,449$10,530
10 years$15,988$14,452$13,048$11,770$10,607$8,781
11 years$14,387$12,865$11,488$10,243$9,123$7,387
12 years$13,053$11,547$10,195$8,985$7,905$6,258
13 years$11,925$10,435$9,108$7,932$6,894$5,332
14 years$10,960$9,486$8,184$7,041$6,043$4,565
15 years$10,123$8,665$7,389$6,280$5,321$3,924
16 years$9,392$7,950$6,699$5,623$4,702$3,384
17 years$8,748$7,322$6,096$5,052$4,170$2,927
18 years$8,176$6,766$5,565$4,553$3,707$2,537
19 years$7,665$6,270$5,094$4,114$3,304$2,204
20 years$7,205$5,827$4,675$3,726$2,952$1,918
21 years$6,790$5,427$4,300$3,381$2,641$1,671
22 years$6,413$5,066$3,964$3,075$2,368$1,458
23 years$6,069$4,738$3,660$2,800$2,125$1,274
24 years$5,755$4,440$3,385$2,554$1,910$1,114
25 years$5,466$4,166$3,135$2,332$1,719$975
26 years$5,199$3,916$2,907$2,132$1,548$854
27 years$4,953$3,685$2,700$1,952$1,396$748
28 years$4,725$3,472$2,510$1,788$1,260$656
29 years$4,513$3,276$2,336$1,640$1,137$575
30 years$4,315$3,094$2,175$1,505$1,028$505
31 years$4,131$2,925$2,028$1,382$929$443
32 years$3,958$2,767$1,892$1,270$840$389
33 years$3,797$2,621$1,767$1,168$761$342
34 years$3,645$2,484$1,651$1,075$689$301
35 years$3,502$2,356$1,543$989$624$264
36 years$3,367$2,236$1,444$911$565$232
37 years$3,240$2,124$1,351$840$512$204
38 years$3,120$2,018$1,266$774$464$180
39 years$3,006$1,919$1,186$714$421$158
40 years$2,898$1,826$1,111$658$382$139
41 years$2,796$1,738$1,042$607$347$122
42 years$2,699$1,655$977$560$314$107
43 years$2,607$1,577$917$517$285$95
44 years$2,519$1,503$861$478$259$83
45 years$2,435$1,434$808$441$235$73
46 years$2,355$1,368$759$407$214$64
47 years$2,279$1,305$713$376$194$57
48 years$2,206$1,246$670$348$176$50
49 years$2,137$1,190$630$321$160$44
50 years$2,070$1,137$592$297$145$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,120,000, adding $2,976 every year, while hoping to spend $44,203 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: 69/18/13 Blend
67$2,120,000$2,120,000$2,120,000$2,120,000
68$2,339,310$2,226,950$2,194,090$2,493,787
69$2,530,888$2,289,039$2,220,560$2,658,926
70$2,740,525$2,352,688$2,246,436$2,833,948
71$2,970,017$2,417,929$2,271,650$3,024,284
72$3,221,341$2,484,790$2,296,133$3,231,431
73$3,496,675$2,553,301$2,319,810$3,457,043
74$3,798,415$2,623,492$2,342,602$3,702,936
75$4,129,202$2,695,392$2,364,429$3,971,113
76$4,491,946$2,769,031$2,385,202$4,263,781
77$4,889,848$2,844,438$2,404,830$4,583,367
78$5,326,438$2,921,641$2,423,217$4,932,548
79$5,805,602$3,000,668$2,440,262$5,314,270
80$6,331,620$3,081,547$2,455,858$5,731,779
81$6,909,208$3,164,306$2,469,892$6,188,652
82$7,543,560$3,248,970$2,482,246$6,688,826
83$8,240,400$3,335,566$2,492,798$7,236,643
84$9,006,030$3,424,118$2,501,416$7,836,882
85$9,847,395$3,514,650$2,507,963$8,494,810
86$10,772,146$3,607,184$2,512,297$9,216,230
87$11,788,711$3,701,743$2,514,265$10,007,535
88$12,906,378$3,798,346$2,513,711$10,875,769
89$14,135,375$3,897,012$2,510,467$11,828,691
90$15,486,976$3,997,758$2,504,360$12,874,854
91$16,973,598$4,100,598$2,495,207$14,023,677
92$18,608,924$4,205,547$2,482,816$15,285,544
93$20,408,031$4,312,615$2,466,986$16,671,891
94$22,387,528$4,421,811$2,447,508$18,195,322
95$24,565,716$4,533,141$2,424,160$19,869,727
96$26,962,762$4,646,607$2,396,712$21,710,406
97$29,600,883$4,762,211$2,364,922$23,734,224
98$32,504,563$4,879,948$2,328,536$25,959,762
99$35,700,776$4,999,813$2,287,290$28,407,493
100$39,219,246$5,121,795$2,240,905$31,099,982