Can I retire at age 68 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$184,151$182,511$180,911$179,349$177,823$173,736
2 years$91,164$89,466$87,821$86,225$84,678$80,583
3 years$60,172$58,467$56,826$55,245$53,723$49,748
4 years$44,679$42,980$41,355$39,801$38,316$34,491
5 years$35,386$33,696$32,093$30,571$29,127$25,464
6 years$29,193$27,516$25,936$24,448$23,047$19,549
7 years$24,771$23,108$21,553$20,100$18,744$15,411
8 years$21,455$19,808$18,278$16,861$15,550$12,381
9 years$18,878$17,246$15,743$14,362$13,095$10,088
10 years$16,818$15,202$13,725$12,380$11,158$8,310
11 years$15,133$13,533$12,084$10,775$9,596$6,903
12 years$13,730$12,147$10,724$9,451$8,316$5,773
13 years$12,544$10,977$9,581$8,344$7,251$4,854
14 years$11,528$9,978$8,609$7,407$6,357$4,100
15 years$10,649$9,115$7,772$6,605$5,597$3,476
16 years$9,880$8,363$7,047$5,914$4,946$2,956
17 years$9,202$7,702$6,412$5,314$4,386$2,520
18 years$8,600$7,117$5,854$4,789$3,900$2,153
19 years$8,062$6,596$5,359$4,327$3,476$1,842
20 years$7,579$6,129$4,918$3,919$3,105$1,579
21 years$7,142$5,709$4,524$3,557$2,778$1,355
22 years$6,746$5,329$4,169$3,234$2,490$1,165
23 years$6,384$4,984$3,850$2,945$2,236$1,002
24 years$6,053$4,670$3,560$2,686$2,009$862
25 years$5,749$4,382$3,297$2,453$1,808$743
26 years$5,469$4,119$3,058$2,243$1,629$640
27 years$5,210$3,876$2,840$2,053$1,468$552
28 years$4,970$3,653$2,640$1,881$1,325$476
29 years$4,747$3,446$2,457$1,725$1,196$411
30 years$4,539$3,254$2,288$1,583$1,081$355
31 years$4,345$3,076$2,133$1,454$977$306
32 years$4,164$2,911$1,990$1,336$884$265
33 years$3,994$2,757$1,858$1,229$800$229
34 years$3,834$2,613$1,736$1,131$724$198
35 years$3,683$2,478$1,623$1,041$656$171
36 years$3,542$2,352$1,519$959$594$148
37 years$3,408$2,234$1,421$883$539$128
38 years$3,282$2,123$1,331$814$488$110
39 years$3,162$2,019$1,247$751$443$95
40 years$3,049$1,921$1,169$692$402$82
41 years$2,941$1,828$1,096$639$365$71
42 years$2,839$1,741$1,028$589$331$62
43 years$2,742$1,659$965$544$300$53
44 years$2,650$1,581$906$502$272$46
45 years$2,561$1,508$850$464$247$40
46 years$2,477$1,439$799$429$225$34
47 years$2,397$1,373$750$396$204$30
48 years$2,321$1,311$705$366$185$26
49 years$2,247$1,252$663$338$168$22
50 years$2,177$1,195$623$313$153$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,230,000, adding $2,235 every year, while hoping to spend $37,010 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: 39/47/14 Blend
67$2,230,000$2,230,000$2,230,000$2,230,000
68$2,459,765$2,341,575$2,307,010$2,545,271
69$2,671,283$2,416,934$2,344,917$2,681,629
70$2,903,135$2,494,745$2,382,853$2,825,210
71$3,157,357$2,575,090$2,420,780$2,979,656
72$3,436,189$2,658,051$2,458,658$3,145,965
73$3,742,101$2,743,716$2,496,444$3,325,234
74$4,077,812$2,832,174$2,534,091$3,518,670
75$4,446,316$2,923,519$2,571,551$3,727,600
76$4,850,914$3,017,845$2,608,772$3,953,480
77$5,295,240$3,115,252$2,645,698$4,197,913
78$5,783,297$3,215,842$2,682,272$4,462,664
79$6,319,497$3,319,721$2,718,431$4,749,670
80$6,908,697$3,426,999$2,754,110$5,061,064
81$7,556,251$3,537,789$2,789,239$5,399,193
82$8,268,055$3,652,208$2,823,746$5,766,639
83$9,050,608$3,770,377$2,857,552$6,166,241
84$9,911,066$3,892,421$2,890,576$6,601,128
85$10,857,315$4,018,470$2,922,731$7,074,739
86$11,898,045$4,148,659$2,953,926$7,590,862
87$13,042,827$4,283,125$2,984,064$8,153,664
88$14,302,209$4,422,012$3,013,044$8,767,737
89$15,687,812$4,565,468$3,040,759$9,438,131
90$17,212,441$4,713,647$3,067,096$10,170,409
91$18,890,202$4,866,708$3,091,936$10,970,695
92$20,736,640$5,024,815$3,115,154$11,845,734
93$22,768,885$5,188,138$3,136,618$12,802,952
94$25,005,806$5,356,852$3,156,191$13,850,525
95$27,468,201$5,531,140$3,173,725$14,997,461
96$30,178,981$5,711,190$3,189,069$16,253,678
97$33,163,396$5,897,197$3,202,061$17,630,100
98$36,449,264$6,089,362$3,212,532$19,138,758
99$40,067,242$6,287,894$3,220,305$20,792,905
100$44,051,109$6,493,008$3,225,194$22,607,139