Can I retire at age 68 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$181,674$180,056$178,477$176,936$175,431$172,171
2 years$89,938$88,263$86,639$85,065$83,539$80,266
3 years$59,363$57,681$56,061$54,502$53,000$49,818
4 years$44,078$42,401$40,798$39,266$37,800$34,732
5 years$34,910$33,243$31,661$30,160$28,735$25,790
6 years$28,800$27,146$25,587$24,119$22,737$19,918
7 years$24,437$22,797$21,263$19,830$18,491$15,799
8 years$21,167$19,541$18,033$16,635$15,340$12,775
9 years$18,624$17,014$15,531$14,169$12,919$10,478
10 years$16,592$14,997$13,541$12,214$11,007$8,689
11 years$14,930$13,351$11,921$10,630$9,467$7,268
12 years$13,546$11,983$10,580$9,324$8,204$6,122
13 years$12,375$10,829$9,452$8,231$7,154$5,186
14 years$11,373$9,843$8,493$7,307$6,271$4,413
15 years$10,505$8,992$7,668$6,516$5,521$3,770
16 years$9,747$8,250$6,952$5,835$4,880$3,231
17 years$9,078$7,598$6,326$5,243$4,327$2,776
18 years$8,485$7,021$5,775$4,725$3,847$2,391
19 years$7,954$6,507$5,287$4,269$3,429$2,063
20 years$7,477$6,047$4,852$3,866$3,063$1,783
21 years$7,046$5,632$4,463$3,509$2,741$1,543
22 years$6,655$5,257$4,113$3,191$2,457$1,337
23 years$6,298$4,917$3,798$2,906$2,205$1,160
24 years$5,972$4,607$3,512$2,650$1,982$1,007
25 years$5,672$4,323$3,253$2,420$1,784$875
26 years$5,396$4,063$3,017$2,213$1,607$761
27 years$5,140$3,824$2,802$2,026$1,449$662
28 years$4,903$3,603$2,604$1,856$1,307$576
29 years$4,683$3,399$2,424$1,702$1,180$502
30 years$4,478$3,210$2,258$1,562$1,066$437
31 years$4,287$3,035$2,105$1,434$964$381
32 years$4,108$2,872$1,964$1,318$872$332
33 years$3,940$2,719$1,833$1,212$789$290
34 years$3,782$2,577$1,713$1,115$715$253
35 years$3,634$2,445$1,602$1,027$647$220
36 years$3,494$2,320$1,498$946$586$192
37 years$3,362$2,204$1,402$871$532$168
38 years$3,238$2,094$1,313$803$482$146
39 years$3,120$1,992$1,230$740$437$128
40 years$3,008$1,895$1,153$683$396$111
41 years$2,902$1,804$1,081$630$360$97
42 years$2,801$1,718$1,014$582$326$85
43 years$2,705$1,637$952$537$296$74
44 years$2,614$1,560$893$496$269$65
45 years$2,527$1,488$839$458$244$57
46 years$2,444$1,419$788$423$222$49
47 years$2,365$1,354$740$391$201$43
48 years$2,289$1,293$696$361$183$38
49 years$2,217$1,235$654$334$166$33
50 years$2,148$1,179$615$308$151$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,200,000, adding $2,431 every year, while hoping to spend $25,233 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: 81/10/9 Blend
67$2,200,000$2,200,000$2,200,000$2,200,000
68$2,426,908$2,310,308$2,276,208$2,620,152
69$2,647,604$2,396,665$2,325,613$2,833,462
70$2,889,967$2,486,408$2,375,827$3,063,961
71$3,156,178$2,579,676$2,426,852$3,316,195
72$3,448,642$2,676,615$2,478,686$3,592,326
73$3,770,010$2,777,375$2,531,328$3,894,736
74$4,123,200$2,882,115$2,584,776$4,226,046
75$4,511,427$2,991,000$2,639,028$4,589,143
76$4,938,235$3,104,202$2,694,078$4,987,208
77$5,407,527$3,221,900$2,749,921$5,423,743
78$5,923,603$3,344,281$2,806,552$5,902,606
79$6,491,201$3,471,541$2,863,961$6,428,046
80$7,115,540$3,603,883$2,922,141$7,004,742
81$7,802,372$3,741,521$2,981,079$7,637,851
82$8,558,034$3,884,675$3,040,766$8,333,050
83$9,389,508$4,033,579$3,101,186$9,096,595
84$10,304,487$4,188,473$3,162,325$9,935,376
85$11,311,447$4,349,611$3,224,165$10,856,987
86$12,419,728$4,517,255$3,286,688$11,869,788
87$13,639,621$4,691,681$3,349,873$12,982,992
88$14,982,465$4,873,176$3,413,696$14,206,751
89$16,460,755$5,062,040$3,478,133$15,552,245
90$18,088,257$5,258,585$3,543,155$17,031,794
91$19,880,143$5,463,139$3,608,735$18,658,972
92$21,853,127$5,676,043$3,674,837$20,448,731
93$24,025,631$5,897,654$3,741,429$22,417,548
94$26,417,949$6,128,343$3,808,471$24,583,576
95$29,052,448$6,368,499$3,875,922$26,966,814
96$31,953,771$6,618,529$3,943,739$29,589,301
97$35,149,075$6,878,857$4,011,874$32,475,317
98$38,668,285$7,149,925$4,080,276$35,651,614
99$42,544,376$7,432,197$4,148,891$39,147,671
100$46,813,683$7,726,156$4,217,660$42,995,967