Can I retire at age 68 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$180,848$179,237$177,666$176,132$174,634$171,459
2 years$89,529$87,861$86,245$84,679$83,159$79,971
3 years$59,093$57,418$55,807$54,254$52,759$49,659
4 years$43,878$42,209$40,613$39,087$37,628$34,639
5 years$34,751$33,092$31,517$30,023$28,605$25,734
6 years$28,669$27,022$25,471$24,009$22,634$19,886
7 years$24,326$22,693$21,166$19,739$18,407$15,783
8 years$21,071$19,452$17,951$16,559$15,271$12,769
9 years$18,540$16,937$15,461$14,105$12,860$10,479
10 years$16,516$14,929$13,479$12,158$10,957$8,696
11 years$14,862$13,290$11,867$10,581$9,424$7,278
12 years$13,484$11,929$10,531$9,281$8,166$6,135
13 years$12,319$10,780$9,409$8,194$7,121$5,200
14 years$11,321$9,799$8,454$7,274$6,242$4,428
15 years$10,458$8,951$7,633$6,487$5,496$3,785
16 years$9,703$8,213$6,920$5,808$4,858$3,246
17 years$9,037$7,564$6,297$5,219$4,307$2,791
18 years$8,446$6,989$5,749$4,703$3,830$2,406
19 years$7,918$6,477$5,263$4,250$3,414$2,077
20 years$7,443$6,019$4,830$3,849$3,049$1,797
21 years$7,014$5,607$4,442$3,493$2,729$1,556
22 years$6,625$5,234$4,094$3,176$2,446$1,350
23 years$6,270$4,895$3,780$2,892$2,195$1,172
24 years$5,945$4,586$3,496$2,638$1,973$1,018
25 years$5,646$4,304$3,238$2,409$1,776$885
26 years$5,371$4,045$3,003$2,203$1,599$771
27 years$5,117$3,807$2,789$2,016$1,442$671
28 years$4,881$3,587$2,593$1,847$1,301$584
29 years$4,662$3,384$2,413$1,694$1,175$509
30 years$4,458$3,196$2,247$1,555$1,062$444
31 years$4,267$3,021$2,095$1,428$960$387
32 years$4,089$2,859$1,955$1,312$868$338
33 years$3,922$2,707$1,825$1,207$786$295
34 years$3,765$2,566$1,705$1,110$711$257
35 years$3,617$2,434$1,594$1,022$644$225
36 years$3,478$2,310$1,491$941$584$196
37 years$3,347$2,194$1,396$867$529$171
38 years$3,223$2,085$1,307$799$480$150
39 years$3,105$1,983$1,225$737$435$131
40 years$2,994$1,886$1,148$680$395$114
41 years$2,888$1,795$1,076$627$358$100
42 years$2,788$1,710$1,010$579$325$87
43 years$2,693$1,629$948$534$295$76
44 years$2,602$1,553$889$493$268$67
45 years$2,516$1,481$835$456$243$58
46 years$2,433$1,413$784$421$221$51
47 years$2,354$1,348$737$389$200$44
48 years$2,279$1,287$692$359$182$39
49 years$2,207$1,229$651$332$165$34
50 years$2,138$1,174$612$307$150$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,190,000, adding $2,586 every year, while hoping to spend $37,275 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: 63/16/21 Blend
67$2,190,000$2,190,000$2,190,000$2,190,000
68$2,416,047$2,299,977$2,266,032$2,554,991
69$2,622,824$2,373,016$2,302,284$2,722,024
70$2,849,442$2,448,384$2,338,501$2,899,965
71$3,097,887$2,526,157$2,374,643$3,093,449
72$3,370,344$2,606,411$2,410,666$3,303,999
73$3,669,221$2,689,226$2,446,524$3,533,287
74$3,997,168$2,774,686$2,482,170$3,783,160
75$4,357,108$2,862,873$2,517,551$4,055,647
76$4,752,256$2,953,878$2,552,612$4,352,986
77$5,186,157$3,047,789$2,587,296$4,677,639
78$5,662,716$3,144,701$2,621,540$5,032,319
79$6,186,231$3,244,709$2,655,281$5,420,013
80$6,761,442$3,347,915$2,688,447$5,844,014
81$7,393,566$3,454,421$2,720,968$6,307,946
82$8,088,355$3,564,333$2,752,766$6,815,803
83$8,852,143$3,677,760$2,783,759$7,371,982
84$9,691,909$3,794,817$2,813,862$7,981,331
85$10,615,341$3,915,621$2,842,984$8,649,186
86$11,630,911$4,040,292$2,871,029$9,381,430
87$12,747,953$4,168,955$2,897,898$10,184,542
88$13,976,750$4,301,740$2,923,483$11,065,658
89$15,328,632$4,438,779$2,947,673$12,032,645
90$16,816,083$4,580,210$2,970,351$13,094,166
91$18,452,858$4,726,174$2,991,392$14,259,769
92$20,254,112$4,876,820$3,010,666$15,539,970
93$22,236,545$5,032,297$3,028,037$16,946,361
94$24,418,556$5,192,763$3,043,360$18,491,711
95$26,820,420$5,358,379$3,056,483$20,190,088
96$29,464,475$5,529,312$3,067,248$22,056,997
97$32,375,338$5,705,735$3,075,487$24,109,520
98$35,580,131$5,887,825$3,081,025$26,366,480
99$39,108,743$6,075,766$3,083,677$28,848,616
100$42,994,105$6,269,750$3,083,251$31,578,784