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%13%
1 years$186,629$184,966$183,344$181,761$180,216$177,964
2 years$92,390$90,670$89,002$87,385$85,817$83,551
3 years$60,982$59,254$57,590$55,989$54,446$52,236
4 years$45,281$43,558$41,911$40,337$38,831$36,695
5 years$35,862$34,150$32,525$30,982$29,519$27,462
6 years$29,585$27,886$26,285$24,777$23,357$21,383
7 years$25,104$23,419$21,843$20,370$18,996$17,104
8 years$21,744$20,074$18,524$17,088$15,759$13,950
9 years$19,132$17,478$15,955$14,555$13,271$11,544
10 years$17,044$15,406$13,910$12,547$11,308$9,662
11 years$15,337$13,715$12,246$10,920$9,725$8,158
12 years$13,915$12,310$10,868$9,578$8,427$6,938
13 years$12,713$11,125$9,710$8,456$7,349$5,935
14 years$11,683$10,112$8,724$7,506$6,442$5,102
15 years$10,792$9,237$7,877$6,694$5,672$4,403
16 years$10,013$8,475$7,142$5,994$5,013$3,813
17 years$9,326$7,805$6,499$5,385$4,445$3,312
18 years$8,716$7,212$5,932$4,853$3,952$2,883
19 years$8,171$6,684$5,431$4,385$3,523$2,515
20 years$7,681$6,211$4,984$3,972$3,146$2,199
21 years$7,238$5,786$4,584$3,605$2,816$1,925
22 years$6,836$5,401$4,225$3,278$2,524$1,687
23 years$6,470$5,051$3,901$2,985$2,266$1,481
24 years$6,135$4,733$3,608$2,722$2,036$1,301
25 years$5,827$4,441$3,342$2,486$1,832$1,144
26 years$5,543$4,174$3,099$2,273$1,651$1,006
27 years$5,280$3,928$2,878$2,081$1,488$886
28 years$5,037$3,702$2,675$1,906$1,343$781
29 years$4,811$3,492$2,490$1,748$1,213$688
30 years$4,600$3,298$2,319$1,604$1,096$607
31 years$4,404$3,118$2,162$1,474$991$536
32 years$4,220$2,950$2,017$1,354$896$473
33 years$4,047$2,794$1,883$1,245$811$417
34 years$3,885$2,648$1,760$1,146$734$369
35 years$3,733$2,511$1,645$1,055$665$326
36 years$3,589$2,384$1,539$971$602$288
37 years$3,454$2,264$1,441$895$546$254
38 years$3,326$2,152$1,349$825$495$225
39 years$3,205$2,046$1,264$761$449$199
40 years$3,090$1,946$1,185$702$407$176
41 years$2,981$1,853$1,111$647$369$155
42 years$2,877$1,765$1,042$597$335$137
43 years$2,779$1,681$978$551$304$121
44 years$2,685$1,603$918$509$276$107
45 years$2,596$1,528$862$470$251$95
46 years$2,511$1,458$809$434$228$84
47 years$2,430$1,391$760$401$207$74
48 years$2,352$1,328$715$371$188$66
49 years$2,278$1,268$672$343$170$58
50 years$2,207$1,212$631$317$155$51

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 $6,238 every year, while hoping to spend $33,549 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: 66/25/9 Blend
67$2,260,000$2,260,000$2,260,000$2,260,000
68$2,496,954$2,377,174$2,342,144$2,656,822
69$2,715,948$2,457,960$2,384,910$2,844,744
70$2,956,154$2,541,580$2,427,985$3,045,479
71$3,219,702$2,628,137$2,471,342$3,263,991
72$3,508,935$2,717,739$2,514,955$3,502,010
73$3,826,436$2,810,498$2,558,796$3,761,440
74$4,175,049$2,906,529$2,602,832$4,044,379
75$4,557,907$3,005,952$2,647,030$4,353,133
76$4,978,463$3,108,893$2,691,355$4,690,242
77$5,440,518$3,215,481$2,735,767$5,058,503
78$5,948,262$3,325,850$2,780,227$5,460,994
79$6,506,309$3,440,142$2,824,689$5,901,104
80$7,119,744$3,558,500$2,869,107$6,382,565
81$7,794,168$3,681,076$2,913,432$6,909,486
82$8,535,751$3,808,027$2,957,610$7,486,391
83$9,351,293$3,939,516$3,001,585$8,118,264
84$10,248,284$4,075,712$3,045,298$8,810,590
85$11,234,979$4,216,791$3,088,685$9,569,414
86$12,320,469$4,362,936$3,131,678$10,401,391
87$13,514,774$4,514,337$3,174,207$11,313,851
88$14,828,933$4,671,192$3,216,195$12,314,868
89$16,275,110$4,833,705$3,257,563$13,413,336
90$17,866,705$5,002,091$3,298,225$14,619,049
91$19,618,487$5,176,572$3,338,094$15,942,799
92$21,546,726$5,357,377$3,377,073$17,396,471
93$23,669,350$5,544,747$3,415,064$18,993,160
94$26,006,116$5,738,931$3,451,960$20,747,288
95$28,578,790$5,940,189$3,487,651$22,674,746
96$31,411,358$6,148,790$3,522,018$24,793,040
97$34,530,250$6,365,014$3,554,940$27,121,455
98$37,964,590$6,589,154$3,586,285$29,681,236
99$41,746,469$6,821,513$3,615,916$32,495,793
100$45,911,248$7,062,407$3,643,688$35,590,913