Can I retire at age 68 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$182,500$180,874$179,288$177,740$176,229$169,504
2 years$90,346$88,664$87,033$85,452$83,918$77,223
3 years$59,633$57,943$56,316$54,750$53,241$46,785
4 years$44,279$42,594$40,984$39,444$37,972$31,805
5 years$35,069$33,394$31,805$30,297$28,866$23,003
6 years$28,931$27,269$25,703$24,229$22,841$17,286
7 years$24,548$22,900$21,359$19,920$18,575$13,328
8 years$21,263$19,630$18,115$16,710$15,410$10,465
9 years$18,709$17,091$15,602$14,233$12,978$8,327
10 years$16,667$15,065$13,602$12,269$11,058$6,693
11 years$14,997$13,412$11,975$10,678$9,510$5,422
12 years$13,607$12,038$10,628$9,366$8,241$4,419
13 years$12,432$10,878$9,495$8,269$7,186$3,619
14 years$11,425$9,888$8,531$7,340$6,300$2,975
15 years$10,553$9,033$7,703$6,546$5,547$2,454
16 years$9,791$8,288$6,984$5,861$4,902$2,029
17 years$9,119$7,633$6,355$5,266$4,347$1,681
18 years$8,523$7,053$5,801$4,746$3,865$1,395
19 years$7,990$6,537$5,311$4,288$3,445$1,159
20 years$7,511$6,074$4,874$3,884$3,077$965
21 years$7,078$5,658$4,483$3,525$2,753$803
22 years$6,685$5,281$4,132$3,205$2,468$670
23 years$6,327$4,940$3,815$2,919$2,216$559
24 years$5,999$4,628$3,528$2,662$1,991$466
25 years$5,698$4,343$3,268$2,431$1,792$389
26 years$5,420$4,082$3,031$2,223$1,614$325
27 years$5,163$3,842$2,814$2,035$1,455$272
28 years$4,926$3,620$2,616$1,864$1,313$227
29 years$4,705$3,415$2,435$1,710$1,186$190
30 years$4,499$3,225$2,268$1,569$1,071$159
31 years$4,306$3,049$2,114$1,441$969$133
32 years$4,126$2,885$1,973$1,324$876$111
33 years$3,958$2,732$1,842$1,218$793$93
34 years$3,799$2,589$1,721$1,120$718$78
35 years$3,650$2,456$1,609$1,031$650$65
36 years$3,510$2,331$1,505$950$589$54
37 years$3,377$2,214$1,409$875$534$45
38 years$3,252$2,104$1,319$807$484$38
39 years$3,134$2,001$1,236$744$439$32
40 years$3,021$1,903$1,158$686$398$27
41 years$2,915$1,812$1,086$633$361$22
42 years$2,814$1,726$1,019$584$328$19
43 years$2,717$1,644$956$539$297$16
44 years$2,626$1,567$898$498$270$13
45 years$2,539$1,494$843$460$245$11
46 years$2,455$1,426$792$425$223$9
47 years$2,376$1,361$744$392$202$8
48 years$2,300$1,299$699$363$184$6
49 years$2,227$1,240$657$335$167$5
50 years$2,158$1,185$618$310$151$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,210,000, adding $5,842 every year, while hoping to spend $33,731 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: 57/13/30 Blend
67$2,210,000$2,210,000$2,210,000$2,210,000
68$2,441,446$2,324,316$2,290,061$2,560,121
69$2,654,584$2,402,318$2,330,889$2,720,422
70$2,888,332$2,483,012$2,371,953$2,891,069
71$3,144,755$2,566,493$2,413,228$3,076,408
72$3,426,131$2,652,862$2,454,682$3,277,872
73$3,734,967$2,742,222$2,496,284$3,497,041
74$4,074,024$2,834,682$2,538,000$3,735,654
75$4,446,344$2,930,351$2,579,793$3,995,627
76$4,855,280$3,029,347$2,621,624$4,279,067
77$5,304,522$3,131,789$2,663,453$4,588,298
78$5,798,139$3,237,802$2,705,233$4,925,877
79$6,340,609$3,347,514$2,746,919$5,294,622
80$6,936,870$3,461,061$2,788,460$5,697,636
81$7,592,360$3,578,582$2,829,802$6,138,338
82$8,313,069$3,700,221$2,870,888$6,620,494
83$9,105,598$3,826,128$2,911,660$7,148,251
84$9,977,221$3,956,460$2,952,052$7,726,178
85$10,935,948$4,091,378$2,991,997$8,359,311
86$11,990,609$4,231,049$3,031,423$9,053,196
87$13,150,930$4,375,650$3,070,254$9,813,941
88$14,427,628$4,525,360$3,108,411$10,648,280
89$15,832,512$4,680,367$3,145,808$11,563,629
90$17,378,591$4,840,869$3,182,355$12,568,159
91$19,080,202$5,007,066$3,217,959$13,670,874
92$20,953,140$5,179,170$3,252,519$14,881,693
93$23,014,812$5,357,400$3,285,929$16,211,548
94$25,284,394$5,541,984$3,318,079$17,672,480
95$27,783,018$5,733,158$3,348,851$19,277,760
96$30,533,970$5,931,167$3,378,121$21,042,010
97$33,562,907$6,136,266$3,405,761$22,981,340
98$36,898,102$6,348,722$3,431,632$25,113,505
99$40,570,708$6,568,808$3,455,591$27,458,064
100$44,615,053$6,796,813$3,477,486$30,036,574