Can I retire at age 68 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$185,803$184,148$182,533$180,957$179,418$174,163
2 years$91,982$90,269$88,608$86,999$85,437$80,186
3 years$60,712$58,991$57,335$55,741$54,205$49,121
4 years$45,080$43,365$41,726$40,158$38,659$33,783
5 years$35,704$33,999$32,381$30,845$29,388$24,732
6 years$29,455$27,762$26,168$24,667$23,254$18,822
7 years$24,993$23,315$21,746$20,280$18,912$14,704
8 years$21,648$19,985$18,442$17,013$15,689$11,703
9 years$19,048$17,401$15,884$14,491$13,212$9,444
10 years$16,969$15,338$13,848$12,491$11,258$7,702
11 years$15,269$13,654$12,192$10,871$9,682$6,332
12 years$13,853$12,255$10,820$9,536$8,390$5,240
13 years$12,657$11,075$9,667$8,418$7,316$4,359
14 years$11,632$10,067$8,686$7,473$6,414$3,642
15 years$10,744$9,197$7,842$6,665$5,647$3,053
16 years$9,968$8,438$7,110$5,967$4,991$2,567
17 years$9,285$7,771$6,470$5,362$4,425$2,163
18 years$8,677$7,181$5,906$4,832$3,935$1,826
19 years$8,135$6,655$5,407$4,366$3,507$1,544
20 years$7,647$6,184$4,962$3,954$3,133$1,308
21 years$7,206$5,760$4,564$3,589$2,803$1,109
22 years$6,806$5,377$4,207$3,263$2,513$941
23 years$6,441$5,029$3,884$2,972$2,256$799
24 years$6,108$4,712$3,592$2,710$2,027$679
25 years$5,801$4,422$3,327$2,475$1,824$578
26 years$5,518$4,156$3,086$2,263$1,643$491
27 years$5,257$3,911$2,865$2,072$1,482$418
28 years$5,015$3,685$2,664$1,898$1,337$356
29 years$4,790$3,477$2,479$1,741$1,207$303
30 years$4,580$3,283$2,309$1,597$1,091$258
31 years$4,384$3,104$2,152$1,467$986$220
32 years$4,201$2,937$2,008$1,348$892$188
33 years$4,029$2,781$1,875$1,240$807$160
34 years$3,868$2,636$1,752$1,141$731$136
35 years$3,716$2,500$1,638$1,050$662$116
36 years$3,574$2,373$1,532$967$600$99
37 years$3,439$2,254$1,434$891$544$85
38 years$3,311$2,142$1,343$821$493$72
39 years$3,190$2,037$1,258$757$447$62
40 years$3,076$1,938$1,179$699$405$52
41 years$2,968$1,845$1,106$644$368$45
42 years$2,865$1,757$1,037$595$334$38
43 years$2,767$1,674$973$549$303$33
44 years$2,673$1,596$914$507$275$28
45 years$2,584$1,522$858$468$250$24
46 years$2,500$1,451$806$432$227$20
47 years$2,419$1,385$757$400$206$17
48 years$2,341$1,322$711$369$187$15
49 years$2,268$1,263$669$341$170$13
50 years$2,197$1,206$629$315$154$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,250,000, adding $4,624 every year, while hoping to spend $41,401 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: 51/38/11 Blend
67$2,250,000$2,250,000$2,250,000$2,250,000
68$2,484,270$2,365,020$2,330,145$2,603,501
69$2,693,615$2,436,855$2,364,154$2,757,288
70$2,922,926$2,510,823$2,397,915$2,919,591
71$3,174,195$2,586,984$2,431,376$3,095,079
72$3,449,617$2,665,401$2,464,482$3,285,004
73$3,751,610$2,746,137$2,497,173$3,490,742
74$4,082,834$2,829,259$2,529,389$3,713,810
75$4,446,224$2,914,833$2,561,064$3,955,875
76$4,845,007$3,002,928$2,592,129$4,218,772
77$5,282,743$3,093,617$2,622,510$4,504,521
78$5,763,350$3,186,970$2,652,131$4,815,344
79$6,291,143$3,283,064$2,680,909$5,153,687
80$6,870,880$3,381,974$2,708,760$5,522,245
81$7,507,798$3,483,779$2,735,592$5,923,983
82$8,207,669$3,588,560$2,761,309$6,362,165
83$8,976,849$3,696,398$2,785,812$6,840,386
84$9,822,345$3,807,378$2,808,993$7,362,605
85$10,751,871$3,921,586$2,830,741$7,933,179
86$11,773,929$4,039,112$2,850,938$8,556,910
87$12,897,887$4,160,045$2,869,462$9,239,084
88$14,134,063$4,284,479$2,886,181$9,985,523
89$15,493,828$4,412,509$2,900,958$10,802,639
90$16,989,709$4,544,232$2,913,651$11,697,496
91$18,635,508$4,679,749$2,924,107$12,677,875
92$20,446,434$4,819,160$2,932,168$13,752,344
93$22,439,242$4,962,571$2,937,668$14,930,344
94$24,632,396$5,110,088$2,940,431$16,222,275
95$27,046,239$5,261,821$2,940,274$17,639,592
96$29,703,185$5,417,880$2,937,003$19,194,917
97$32,627,935$5,578,381$2,930,417$20,902,153
98$35,847,702$5,743,439$2,920,304$22,776,618
99$39,392,474$5,913,175$2,906,441$24,835,189
100$43,295,295$6,087,709$2,888,595$27,096,458