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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.2%
1 years$181,674$180,056$178,477$176,936$175,431$173,095
2 years$89,938$88,263$86,639$85,065$83,539$81,189
3 years$59,363$57,681$56,061$54,502$53,000$50,710
4 years$44,078$42,401$40,798$39,266$37,800$35,587
5 years$34,910$33,243$31,661$30,160$28,735$26,605
6 years$28,800$27,146$25,587$24,119$22,737$20,693
7 years$24,437$22,797$21,263$19,830$18,491$16,534
8 years$21,167$19,541$18,033$16,635$15,340$13,470
9 years$18,624$17,014$15,531$14,169$12,919$11,134
10 years$16,592$14,997$13,541$12,214$11,007$9,306
11 years$14,930$13,351$11,921$10,630$9,467$7,848
12 years$13,546$11,983$10,580$9,324$8,204$6,666
13 years$12,375$10,829$9,452$8,231$7,154$5,695
14 years$11,373$9,843$8,493$7,307$6,271$4,889
15 years$10,505$8,992$7,668$6,516$5,521$4,214
16 years$9,747$8,250$6,952$5,835$4,880$3,644
17 years$9,078$7,598$6,326$5,243$4,327$3,160
18 years$8,485$7,021$5,775$4,725$3,847$2,748
19 years$7,954$6,507$5,287$4,269$3,429$2,394
20 years$7,477$6,047$4,852$3,866$3,063$2,089
21 years$7,046$5,632$4,463$3,509$2,741$1,826
22 years$6,655$5,257$4,113$3,191$2,457$1,598
23 years$6,298$4,917$3,798$2,906$2,205$1,400
24 years$5,972$4,607$3,512$2,650$1,982$1,228
25 years$5,672$4,323$3,253$2,420$1,784$1,078
26 years$5,396$4,063$3,017$2,213$1,607$947
27 years$5,140$3,824$2,802$2,026$1,449$833
28 years$4,903$3,603$2,604$1,856$1,307$733
29 years$4,683$3,399$2,424$1,702$1,180$645
30 years$4,478$3,210$2,258$1,562$1,066$568
31 years$4,287$3,035$2,105$1,434$964$500
32 years$4,108$2,872$1,964$1,318$872$441
33 years$3,940$2,719$1,833$1,212$789$388
34 years$3,782$2,577$1,713$1,115$715$342
35 years$3,634$2,445$1,602$1,027$647$302
36 years$3,494$2,320$1,498$946$586$266
37 years$3,362$2,204$1,402$871$532$235
38 years$3,238$2,094$1,313$803$482$207
39 years$3,120$1,992$1,230$740$437$183
40 years$3,008$1,895$1,153$683$396$161
41 years$2,902$1,804$1,081$630$360$143
42 years$2,801$1,718$1,014$582$326$126
43 years$2,705$1,637$952$537$296$111
44 years$2,614$1,560$893$496$269$98
45 years$2,527$1,488$839$458$244$87
46 years$2,444$1,419$788$423$222$76
47 years$2,365$1,354$740$391$201$68
48 years$2,289$1,293$696$361$183$60
49 years$2,217$1,235$654$334$166$53
50 years$2,148$1,179$615$308$151$46

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 $4,440 every year, while hoping to spend $54,101 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: 71/20/9 Blend
67$2,200,000$2,200,000$2,200,000$2,200,000
68$2,428,980$2,312,380$2,278,280$2,597,144
69$2,619,173$2,368,123$2,297,039$2,764,691
70$2,826,952$2,424,785$2,314,614$2,940,939
71$3,054,055$2,482,353$2,330,907$3,132,381
72$3,302,392$2,540,812$2,345,816$3,340,501
73$3,574,070$2,600,146$2,359,235$3,566,933
74$3,871,407$2,660,335$2,371,051$3,813,477
75$4,196,954$2,721,355$2,381,145$4,082,113
76$4,553,523$2,783,181$2,389,393$4,375,025
77$4,944,210$2,845,784$2,395,665$4,694,615
78$5,372,422$2,909,131$2,399,823$5,043,532
79$5,841,915$2,973,184$2,401,723$5,424,692
80$6,356,824$3,037,904$2,401,214$5,841,309
81$6,921,704$3,103,244$2,398,138$6,296,921
82$7,541,570$3,169,155$2,392,328$6,795,429
83$8,221,948$3,235,583$2,383,609$7,341,128
84$8,968,926$3,302,466$2,371,800$7,938,750
85$9,789,209$3,369,739$2,356,707$8,593,512
86$10,690,182$3,437,330$2,338,131$9,311,158
87$11,679,983$3,505,161$2,315,860$10,098,019
88$12,767,574$3,573,147$2,289,674$10,961,070
89$13,962,831$3,641,195$2,259,343$11,907,997
90$15,276,633$3,709,207$2,224,623$12,947,268
91$16,720,964$3,777,073$2,185,263$14,088,216
92$18,309,030$3,844,677$2,140,997$15,341,122
93$20,055,378$3,911,893$2,091,548$16,717,318
94$21,976,037$3,978,586$2,036,625$18,229,288
95$24,088,666$4,044,610$1,975,925$19,890,793
96$26,412,721$4,109,808$1,909,130$21,716,992
97$28,969,642$4,174,011$1,835,908$23,724,594
98$31,783,047$4,237,039$1,755,913$25,932,009
99$34,878,962$4,298,698$1,668,780$28,359,526
100$38,286,063$4,358,781$1,574,131$31,029,504