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%19.6%
1 years$180,022$178,419$176,854$175,327$173,836$167,137
2 years$89,120$87,460$85,852$84,292$82,779$76,110
3 years$58,823$57,156$55,552$54,007$52,519$46,089
4 years$43,678$42,016$40,427$38,909$37,457$31,316
5 years$34,593$32,941$31,373$29,886$28,474$22,637
6 years$28,538$26,899$25,354$23,900$22,530$17,002
7 years$24,215$22,590$21,070$19,649$18,323$13,101
8 years$20,974$19,363$17,869$16,483$15,201$10,281
9 years$18,455$16,859$15,390$14,040$12,801$8,175
10 years$16,441$14,861$13,418$12,103$10,907$6,567
11 years$14,794$13,230$11,813$10,533$9,381$5,316
12 years$13,422$11,874$10,483$9,239$8,129$4,330
13 years$12,263$10,731$9,366$8,157$7,089$3,543
14 years$11,270$9,754$8,416$7,240$6,214$2,911
15 years$10,410$8,910$7,598$6,457$5,471$2,399
16 years$9,658$8,175$6,889$5,782$4,836$1,982
17 years$8,996$7,529$6,269$5,195$4,288$1,641
18 years$8,407$6,957$5,722$4,682$3,812$1,361
19 years$7,882$6,448$5,239$4,230$3,398$1,130
20 years$7,409$5,992$4,808$3,831$3,035$940
21 years$6,982$5,581$4,422$3,477$2,716$782
22 years$6,594$5,210$4,076$3,162$2,435$651
23 years$6,241$4,872$3,763$2,879$2,185$543
24 years$5,918$4,565$3,480$2,626$1,964$453
25 years$5,620$4,284$3,223$2,398$1,768$378
26 years$5,347$4,026$2,990$2,193$1,592$315
27 years$5,093$3,789$2,776$2,007$1,435$263
28 years$4,859$3,571$2,581$1,839$1,295$220
29 years$4,641$3,369$2,402$1,686$1,170$183
30 years$4,438$3,181$2,237$1,548$1,057$153
31 years$4,248$3,007$2,086$1,421$955$128
32 years$4,070$2,846$1,946$1,306$864$107
33 years$3,904$2,695$1,817$1,201$782$89
34 years$3,748$2,554$1,698$1,105$708$75
35 years$3,601$2,422$1,587$1,017$641$62
36 years$3,462$2,299$1,485$937$581$52
37 years$3,332$2,184$1,390$863$527$44
38 years$3,208$2,075$1,301$796$478$36
39 years$3,091$1,973$1,219$734$433$30
40 years$2,980$1,878$1,143$677$393$25
41 years$2,875$1,787$1,072$624$356$21
42 years$2,775$1,702$1,005$576$323$18
43 years$2,681$1,622$943$532$293$15
44 years$2,590$1,546$885$491$266$12
45 years$2,504$1,474$831$454$242$10
46 years$2,422$1,406$781$419$220$9
47 years$2,344$1,342$734$387$199$7
48 years$2,269$1,281$689$358$181$6
49 years$2,197$1,223$648$331$164$5
50 years$2,128$1,169$609$306$149$4

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 $4,860 every year, while hoping to spend $29,452 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: 62/24/14 Blend
67$2,180,000$2,180,000$2,180,000$2,180,000
68$2,407,373$2,291,833$2,258,043$2,548,122
69$2,621,588$2,372,796$2,302,351$2,724,174
70$2,856,667$2,456,739$2,347,156$2,912,483
71$3,114,705$2,543,778$2,392,443$3,117,332
72$3,398,012$2,634,030$2,438,198$3,340,325
73$3,709,134$2,727,622$2,484,402$3,583,230
74$4,050,872$2,824,683$2,531,036$3,847,992
75$4,426,316$2,925,346$2,578,080$4,136,751
76$4,838,865$3,029,754$2,625,511$4,451,865
77$5,292,268$3,138,050$2,673,305$4,795,926
78$5,790,653$3,250,388$2,721,434$5,171,789
79$6,338,568$3,366,926$2,769,871$5,582,599
80$6,941,025$3,487,828$2,818,584$6,031,815
81$7,603,544$3,613,266$2,867,541$6,523,249
82$8,332,207$3,743,418$2,916,706$7,061,096
83$9,133,717$3,878,471$2,966,040$7,649,976
84$10,015,458$4,018,617$3,015,504$8,294,978
85$10,985,563$4,164,058$3,065,052$9,001,704
86$12,052,999$4,315,005$3,114,639$9,776,325
87$13,227,640$4,471,675$3,164,215$10,625,636
88$14,520,370$4,634,298$3,213,727$11,557,124
89$15,943,179$4,803,109$3,263,118$12,579,032
90$17,509,278$4,978,357$3,312,327$13,700,441
91$19,233,227$5,160,299$3,361,293$14,931,353
92$21,131,065$5,349,203$3,409,945$16,282,786
93$23,220,469$5,545,349$3,458,213$17,766,876
94$25,520,913$5,749,028$3,506,020$19,396,992
95$28,053,860$5,960,544$3,553,285$21,187,864
96$30,842,956$6,180,213$3,599,923$23,155,714
97$33,914,260$6,408,365$3,645,843$25,318,417
98$37,296,485$6,645,345$3,690,948$27,695,664
99$41,021,269$6,891,510$3,735,138$30,309,148
100$45,123,479$7,147,235$3,778,306$33,182,768