Can I retire at age 68 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$180,022$178,419$176,854$175,327$173,836$173,104
2 years$89,120$87,460$85,852$84,292$82,779$82,040
3 years$58,823$57,156$55,552$54,007$52,519$51,795
4 years$43,678$42,016$40,427$38,909$37,457$36,754
5 years$34,593$32,941$31,373$29,886$28,474$27,795
6 years$28,538$26,899$25,354$23,900$22,530$21,876
7 years$24,215$22,590$21,070$19,649$18,323$17,694
8 years$20,974$19,363$17,869$16,483$15,201$14,596
9 years$18,455$16,859$15,390$14,040$12,801$12,221
10 years$16,441$14,861$13,418$12,103$10,907$10,352
11 years$14,794$13,230$11,813$10,533$9,381$8,849
12 years$13,422$11,874$10,483$9,239$8,129$7,621
13 years$12,263$10,731$9,366$8,157$7,089$6,604
14 years$11,270$9,754$8,416$7,240$6,214$5,752
15 years$10,410$8,910$7,598$6,457$5,471$5,031
16 years$9,658$8,175$6,889$5,782$4,836$4,417
17 years$8,996$7,529$6,269$5,195$4,288$3,890
18 years$8,407$6,957$5,722$4,682$3,812$3,435
19 years$7,882$6,448$5,239$4,230$3,398$3,040
20 years$7,409$5,992$4,808$3,831$3,035$2,696
21 years$6,982$5,581$4,422$3,477$2,716$2,395
22 years$6,594$5,210$4,076$3,162$2,435$2,131
23 years$6,241$4,872$3,763$2,879$2,185$1,899
24 years$5,918$4,565$3,480$2,626$1,964$1,694
25 years$5,620$4,284$3,223$2,398$1,768$1,513
26 years$5,347$4,026$2,990$2,193$1,592$1,352
27 years$5,093$3,789$2,776$2,007$1,435$1,210
28 years$4,859$3,571$2,581$1,839$1,295$1,083
29 years$4,641$3,369$2,402$1,686$1,170$970
30 years$4,438$3,181$2,237$1,548$1,057$870
31 years$4,248$3,007$2,086$1,421$955$780
32 years$4,070$2,846$1,946$1,306$864$700
33 years$3,904$2,695$1,817$1,201$782$628
34 years$3,748$2,554$1,698$1,105$708$564
35 years$3,601$2,422$1,587$1,017$641$507
36 years$3,462$2,299$1,485$937$581$455
37 years$3,332$2,184$1,390$863$527$409
38 years$3,208$2,075$1,301$796$478$368
39 years$3,091$1,973$1,219$734$433$331
40 years$2,980$1,878$1,143$677$393$298
41 years$2,875$1,787$1,072$624$356$268
42 years$2,775$1,702$1,005$576$323$241
43 years$2,681$1,622$943$532$293$217
44 years$2,590$1,546$885$491$266$195
45 years$2,504$1,474$831$454$242$175
46 years$2,422$1,406$781$419$220$158
47 years$2,344$1,342$734$387$199$142
48 years$2,269$1,281$689$358$181$128
49 years$2,197$1,223$648$331$164$115
50 years$2,128$1,169$609$306$149$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,180,000, adding $5,135 every year, while hoping to spend $22,485 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: 32/39/29 Blend
67$2,180,000$2,180,000$2,180,000$2,180,000
68$2,407,657$2,292,117$2,258,327$2,463,293
69$2,629,314$2,380,507$2,310,057$2,594,919
70$2,872,826$2,472,474$2,362,766$2,734,261
71$3,140,400$2,568,170$2,416,464$2,883,910
72$3,434,464$2,667,754$2,471,159$3,044,792
73$3,757,696$2,771,390$2,526,859$3,217,920
74$4,113,044$2,879,252$2,583,572$3,404,407
75$4,503,757$2,991,518$2,641,305$3,605,475
76$4,933,416$3,108,378$2,700,064$3,822,465
77$5,405,964$3,230,027$2,759,855$4,056,850
78$5,925,745$3,356,672$2,820,684$4,310,248
79$6,497,548$3,488,526$2,882,554$4,584,436
80$7,126,647$3,625,813$2,945,468$4,881,367
81$7,818,855$3,768,767$3,009,431$5,203,187
82$8,580,574$3,917,633$3,074,443$5,552,254
83$9,418,861$4,072,665$3,140,505$5,931,162
84$10,341,489$4,234,131$3,207,617$6,342,760
85$11,357,026$4,402,308$3,275,777$6,790,185
86$12,474,910$4,577,488$3,344,982$7,276,881
87$13,705,541$4,759,975$3,415,230$7,806,641
88$15,060,379$4,950,087$3,486,513$8,383,633
89$16,552,053$5,148,156$3,558,826$9,012,446
90$18,194,476$5,354,529$3,632,160$9,698,125
91$20,002,980$5,569,569$3,706,505$10,446,222
92$21,994,461$5,793,655$3,781,850$11,262,847
93$24,187,536$6,027,184$3,858,182$12,154,724
94$26,602,717$6,270,568$3,935,484$13,129,251
95$29,262,611$6,524,243$4,013,739$14,194,571
96$32,192,125$6,788,659$4,092,927$15,359,649
97$35,418,710$7,064,291$4,173,028$16,634,349
98$38,972,610$7,351,633$4,254,016$18,029,535
99$42,887,155$7,651,202$4,335,865$19,557,162
100$47,199,073$7,963,539$4,418,545$21,230,395