Can I retire at age 68 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$186,629$184,966$183,344$181,761$180,216$178,259
2 years$92,390$90,670$89,002$87,385$85,817$83,847
3 years$60,982$59,254$57,590$55,989$54,446$52,524
4 years$45,281$43,558$41,911$40,337$38,831$36,972
5 years$35,862$34,150$32,525$30,982$29,519$27,727
6 years$29,585$27,886$26,285$24,777$23,357$21,636
7 years$25,104$23,419$21,843$20,370$18,996$17,345
8 years$21,744$20,074$18,524$17,088$15,759$14,179
9 years$19,132$17,478$15,955$14,555$13,271$11,761
10 years$17,044$15,406$13,910$12,547$11,308$9,867
11 years$15,337$13,715$12,246$10,920$9,725$8,352
12 years$13,915$12,310$10,868$9,578$8,427$7,121
13 years$12,713$11,125$9,710$8,456$7,349$6,108
14 years$11,683$10,112$8,724$7,506$6,442$5,264
15 years$10,792$9,237$7,877$6,694$5,672$4,556
16 years$10,013$8,475$7,142$5,994$5,013$3,956
17 years$9,326$7,805$6,499$5,385$4,445$3,445
18 years$8,716$7,212$5,932$4,853$3,952$3,008
19 years$8,171$6,684$5,431$4,385$3,523$2,632
20 years$7,681$6,211$4,984$3,972$3,146$2,307
21 years$7,238$5,786$4,584$3,605$2,816$2,026
22 years$6,836$5,401$4,225$3,278$2,524$1,781
23 years$6,470$5,051$3,901$2,985$2,266$1,568
24 years$6,135$4,733$3,608$2,722$2,036$1,382
25 years$5,827$4,441$3,342$2,486$1,832$1,219
26 years$5,543$4,174$3,099$2,273$1,651$1,076
27 years$5,280$3,928$2,878$2,081$1,488$950
28 years$5,037$3,702$2,675$1,906$1,343$840
29 years$4,811$3,492$2,490$1,748$1,213$743
30 years$4,600$3,298$2,319$1,604$1,096$657
31 years$4,404$3,118$2,162$1,474$991$582
32 years$4,220$2,950$2,017$1,354$896$515
33 years$4,047$2,794$1,883$1,245$811$456
34 years$3,885$2,648$1,760$1,146$734$404
35 years$3,733$2,511$1,645$1,055$665$358
36 years$3,589$2,384$1,539$971$602$318
37 years$3,454$2,264$1,441$895$546$282
38 years$3,326$2,152$1,349$825$495$250
39 years$3,205$2,046$1,264$761$449$222
40 years$3,090$1,946$1,185$702$407$197
41 years$2,981$1,853$1,111$647$369$174
42 years$2,877$1,765$1,042$597$335$155
43 years$2,779$1,681$978$551$304$137
44 years$2,685$1,603$918$509$276$122
45 years$2,596$1,528$862$470$251$108
46 years$2,511$1,458$809$434$228$96
47 years$2,430$1,391$760$401$207$85
48 years$2,352$1,328$715$371$188$76
49 years$2,278$1,268$672$343$170$67
50 years$2,207$1,212$631$317$155$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,260,000, adding $2,161 every year, while hoping to spend $21,699 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: 31/39/30 Blend
67$2,260,000$2,260,000$2,260,000$2,260,000
68$2,492,749$2,372,969$2,337,939$2,547,121
69$2,723,922$2,466,157$2,393,172$2,682,882
70$2,977,947$2,563,184$2,449,529$2,826,874
71$3,257,133$2,664,215$2,507,023$2,981,454
72$3,564,021$2,769,423$2,565,670$3,147,565
73$3,901,415$2,878,987$2,625,483$3,326,243
74$4,272,399$2,993,097$2,686,476$3,518,623
75$4,680,374$3,111,950$2,748,663$3,725,952
76$5,129,086$3,235,750$2,812,058$3,949,598
77$5,622,664$3,364,712$2,876,673$4,191,063
78$6,165,655$3,499,062$2,942,520$4,451,996
79$6,763,069$3,639,034$3,009,612$4,734,208
80$7,420,428$3,784,872$3,077,960$5,039,691
81$8,143,814$3,936,833$3,147,574$5,370,629
82$8,939,931$4,095,186$3,218,466$5,729,426
83$9,816,163$4,260,209$3,290,643$6,118,722
84$10,780,648$4,432,196$3,364,116$6,541,419
85$11,842,353$4,611,452$3,438,893$7,000,709
86$13,011,156$4,798,297$3,514,980$7,500,099
87$14,297,946$4,993,065$3,592,383$8,043,448
88$15,714,717$5,196,106$3,671,109$8,634,998
89$17,274,688$5,407,785$3,751,161$9,279,415
90$18,992,424$5,628,484$3,832,542$9,981,832
91$20,883,974$5,858,603$3,915,255$10,747,897
92$22,967,023$6,098,558$3,999,300$11,583,822
93$25,261,059$6,348,787$4,084,676$12,496,443
94$27,787,556$6,609,746$4,171,381$13,493,282
95$30,570,176$6,881,913$4,259,412$14,582,617
96$33,634,995$7,165,788$4,348,763$15,773,558
97$37,010,745$7,461,892$4,439,427$17,076,134
98$40,729,088$7,770,772$4,531,395$18,501,380
99$44,824,915$8,092,999$4,624,657$20,061,447
100$49,336,672$8,429,172$4,719,199$21,769,710