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%12.2%
1 years$181,674$180,056$178,477$176,936$175,431$173,816
2 years$89,938$88,263$86,639$85,065$83,539$81,911
3 years$59,363$57,681$56,061$54,502$53,000$51,411
4 years$44,078$42,401$40,798$39,266$37,800$36,262
5 years$34,910$33,243$31,661$30,160$28,735$27,252
6 years$28,800$27,146$25,587$24,119$22,737$21,311
7 years$24,437$22,797$21,263$19,830$18,491$17,122
8 years$21,167$19,541$18,033$16,635$15,340$14,029
9 years$18,624$17,014$15,531$14,169$12,919$11,664
10 years$16,592$14,997$13,541$12,214$11,007$9,809
11 years$14,930$13,351$11,921$10,630$9,467$8,324
12 years$13,546$11,983$10,580$9,324$8,204$7,115
13 years$12,375$10,829$9,452$8,231$7,154$6,118
14 years$11,373$9,843$8,493$7,307$6,271$5,287
15 years$10,505$8,992$7,668$6,516$5,521$4,588
16 years$9,747$8,250$6,952$5,835$4,880$3,995
17 years$9,078$7,598$6,326$5,243$4,327$3,489
18 years$8,485$7,021$5,775$4,725$3,847$3,055
19 years$7,954$6,507$5,287$4,269$3,429$2,681
20 years$7,477$6,047$4,852$3,866$3,063$2,357
21 years$7,046$5,632$4,463$3,509$2,741$2,076
22 years$6,655$5,257$4,113$3,191$2,457$1,830
23 years$6,298$4,917$3,798$2,906$2,205$1,616
24 years$5,972$4,607$3,512$2,650$1,982$1,429
25 years$5,672$4,323$3,253$2,420$1,784$1,264
26 years$5,396$4,063$3,017$2,213$1,607$1,119
27 years$5,140$3,824$2,802$2,026$1,449$992
28 years$4,903$3,603$2,604$1,856$1,307$880
29 years$4,683$3,399$2,424$1,702$1,180$780
30 years$4,478$3,210$2,258$1,562$1,066$693
31 years$4,287$3,035$2,105$1,434$964$615
32 years$4,108$2,872$1,964$1,318$872$547
33 years$3,940$2,719$1,833$1,212$789$486
34 years$3,782$2,577$1,713$1,115$715$432
35 years$3,634$2,445$1,602$1,027$647$384
36 years$3,494$2,320$1,498$946$586$342
37 years$3,362$2,204$1,402$871$532$304
38 years$3,238$2,094$1,313$803$482$271
39 years$3,120$1,992$1,230$740$437$241
40 years$3,008$1,895$1,153$683$396$214
41 years$2,902$1,804$1,081$630$360$191
42 years$2,801$1,718$1,014$582$326$170
43 years$2,705$1,637$952$537$296$151
44 years$2,614$1,560$893$496$269$135
45 years$2,527$1,488$839$458$244$120
46 years$2,444$1,419$788$423$222$107
47 years$2,365$1,354$740$391$201$95
48 years$2,289$1,293$696$361$183$85
49 years$2,217$1,235$654$334$166$76
50 years$2,148$1,179$615$308$151$67

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 $2,154 every year, while hoping to spend $26,367 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: 62/33/5 Blend
67$2,200,000$2,200,000$2,200,000$2,200,000
68$2,426,622$2,310,022$2,275,922$2,575,053
69$2,646,083$2,395,159$2,324,111$2,759,415
70$2,887,045$2,483,583$2,373,031$2,957,260
71$3,151,675$2,575,429$2,422,678$3,172,499
72$3,442,356$2,670,836$2,473,048$3,406,810
73$3,761,716$2,769,947$2,524,135$3,662,037
74$4,112,651$2,872,914$2,575,933$3,940,212
75$4,498,349$2,979,895$2,628,435$4,243,567
76$4,922,325$3,091,053$2,681,631$4,574,559
77$5,388,447$3,206,561$2,735,511$4,935,891
78$5,900,982$3,326,595$2,790,064$5,330,538
79$6,464,627$3,451,343$2,845,276$5,761,774
80$7,084,558$3,580,998$2,901,132$6,233,203
81$7,766,480$3,715,764$2,957,617$6,748,791
82$8,516,675$3,855,851$3,014,711$7,312,903
83$9,342,068$4,001,479$3,072,396$7,930,344
84$10,250,287$4,152,880$3,130,649$8,606,407
85$11,249,737$4,310,291$3,189,447$9,346,915
86$12,349,679$4,473,965$3,248,762$10,158,281
87$13,560,318$4,644,161$3,308,568$11,047,567
88$14,892,898$4,821,152$3,368,832$12,022,547
89$16,359,808$5,005,223$3,429,522$13,091,784
90$17,974,700$5,196,670$3,490,603$14,264,705
91$19,752,615$5,395,803$3,552,034$15,551,694
92$21,710,130$5,602,946$3,613,775$16,964,185
93$23,865,508$5,818,434$3,675,781$18,514,771
94$26,238,874$6,042,622$3,738,004$20,217,323
95$28,852,404$6,275,876$3,800,392$22,087,117
96$31,730,535$6,518,580$3,862,892$24,140,978
97$34,900,194$6,771,135$3,925,443$26,397,441
98$38,391,053$7,033,959$3,987,984$28,876,919
99$42,235,806$7,307,489$4,050,447$31,601,900
100$46,470,484$7,592,181$4,112,763$34,597,155