Can I retire at age 68 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$179,197$177,600$176,043$174,523$173,039$166,899
2 years$88,711$87,059$85,458$83,905$82,399$76,279
3 years$58,553$56,894$55,297$53,759$52,278$46,369
4 years$43,477$41,823$40,242$38,730$37,285$31,634
5 years$34,434$32,790$31,229$29,749$28,343$22,964
6 years$28,407$26,775$25,238$23,790$22,427$17,323
7 years$24,104$22,486$20,973$19,559$18,239$13,410
8 years$20,878$19,275$17,787$16,408$15,131$10,573
9 years$18,370$16,782$15,320$13,976$12,743$8,449
10 years$16,365$14,793$13,356$12,047$10,857$6,822
11 years$14,726$13,169$11,758$10,485$9,338$5,551
12 years$13,361$11,820$10,435$9,196$8,092$4,545
13 years$12,207$10,682$9,323$8,119$7,056$3,740
14 years$11,218$9,709$8,377$7,207$6,185$3,090
15 years$10,362$8,870$7,563$6,428$5,446$2,561
16 years$9,614$8,138$6,857$5,755$4,813$2,128
17 years$8,954$7,494$6,240$5,171$4,268$1,773
18 years$8,369$6,925$5,696$4,660$3,795$1,479
19 years$7,846$6,418$5,215$4,211$3,382$1,236
20 years$7,375$5,964$4,786$3,814$3,021$1,034
21 years$6,950$5,555$4,402$3,461$2,704$866
22 years$6,564$5,186$4,057$3,147$2,423$725
23 years$6,212$4,850$3,746$2,866$2,175$608
24 years$5,890$4,544$3,464$2,614$1,955$511
25 years$5,595$4,265$3,209$2,387$1,759$429
26 years$5,322$4,008$2,976$2,183$1,585$360
27 years$5,070$3,772$2,763$1,998$1,429$303
28 years$4,836$3,554$2,569$1,831$1,289$254
29 years$4,619$3,353$2,391$1,679$1,164$214
30 years$4,417$3,167$2,227$1,541$1,052$180
31 years$4,228$2,994$2,076$1,415$951$151
32 years$4,052$2,832$1,937$1,300$860$127
33 years$3,886$2,682$1,808$1,196$779$107
34 years$3,731$2,542$1,690$1,100$705$90
35 years$3,584$2,411$1,580$1,013$638$76
36 years$3,446$2,289$1,478$933$578$64
37 years$3,316$2,174$1,383$859$524$54
38 years$3,193$2,066$1,295$792$475$45
39 years$3,077$1,964$1,214$730$431$38
40 years$2,967$1,869$1,138$674$391$32
41 years$2,862$1,779$1,067$622$355$27
42 years$2,763$1,694$1,001$574$322$23
43 years$2,668$1,614$939$530$292$19
44 years$2,578$1,539$881$489$265$16
45 years$2,493$1,467$827$452$241$13
46 years$2,411$1,400$777$417$219$11
47 years$2,333$1,336$730$385$198$10
48 years$2,258$1,275$686$356$180$8
49 years$2,187$1,218$645$329$164$7
50 years$2,119$1,163$606$304$149$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,170,000, adding $6,238 every year, while hoping to spend $37,308 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: 59/30/11 Blend
67$2,170,000$2,170,000$2,170,000$2,170,000
68$2,397,774$2,282,764$2,249,129$2,532,558
69$2,602,652$2,354,925$2,284,780$2,696,151
70$2,827,177$2,429,370$2,320,374$2,869,705
71$3,073,313$2,506,174$2,355,871$3,058,045
72$3,343,225$2,585,410$2,391,227$3,262,596
73$3,639,296$2,667,157$2,426,394$3,484,927
74$3,964,150$2,751,493$2,461,325$3,726,763
75$4,320,679$2,838,503$2,495,965$3,990,006
76$4,712,068$2,928,269$2,530,260$4,276,746
77$5,141,825$3,020,880$2,564,150$4,589,285
78$5,613,815$3,116,427$2,597,572$4,930,158
79$6,132,295$3,215,003$2,630,462$5,302,154
80$6,701,955$3,316,703$2,662,748$5,708,344
81$7,327,961$3,421,629$2,694,356$6,152,113
82$8,016,005$3,529,881$2,725,210$6,637,183
83$8,772,359$3,641,567$2,755,226$7,167,656
84$9,603,931$3,756,794$2,784,317$7,748,048
85$10,518,332$3,875,677$2,812,391$8,383,334
86$11,523,948$3,998,331$2,839,353$9,078,991
87$12,630,018$4,124,877$2,865,099$9,841,053
88$13,846,722$4,255,439$2,889,522$10,676,165
89$15,185,276$4,390,143$2,912,509$11,591,648
90$16,658,037$4,529,124$2,933,941$12,595,565
91$18,278,622$4,672,516$2,953,693$13,696,796
92$20,062,033$4,820,460$2,971,633$14,905,126
93$22,024,799$4,973,102$2,987,622$16,231,332
94$24,185,136$5,130,591$3,001,515$17,687,288
95$26,563,112$5,293,082$3,013,157$19,286,073
96$29,180,841$5,460,735$3,022,390$21,042,098
97$32,062,689$5,633,713$3,029,042$22,971,238
98$35,235,506$5,812,188$3,032,938$25,090,983
99$38,728,877$5,996,334$3,033,891$27,420,603
100$42,575,401$6,186,334$3,031,705$29,981,330