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%19.1%
1 years$186,629$184,966$183,344$181,761$180,216$173,614
2 years$92,390$90,670$89,002$87,385$85,817$79,240
3 years$60,982$59,254$57,590$55,989$54,446$48,100
4 years$45,281$43,558$41,911$40,337$38,831$32,764
5 years$35,862$34,150$32,525$30,982$29,519$23,747
6 years$29,585$27,886$26,285$24,777$23,357$17,885
7 years$25,104$23,419$21,843$20,370$18,996$13,821
8 years$21,744$20,074$18,524$17,088$15,759$10,878
9 years$19,132$17,478$15,955$14,555$13,271$8,677
10 years$17,044$15,406$13,910$12,547$11,308$6,992
11 years$15,337$13,715$12,246$10,920$9,725$5,679
12 years$13,915$12,310$10,868$9,578$8,427$4,640
13 years$12,713$11,125$9,710$8,456$7,349$3,811
14 years$11,683$10,112$8,724$7,506$6,442$3,142
15 years$10,792$9,237$7,877$6,694$5,672$2,598
16 years$10,013$8,475$7,142$5,994$5,013$2,155
17 years$9,326$7,805$6,499$5,385$4,445$1,790
18 years$8,716$7,212$5,932$4,853$3,952$1,490
19 years$8,171$6,684$5,431$4,385$3,523$1,242
20 years$7,681$6,211$4,984$3,972$3,146$1,037
21 years$7,238$5,786$4,584$3,605$2,816$866
22 years$6,836$5,401$4,225$3,278$2,524$724
23 years$6,470$5,051$3,901$2,985$2,266$606
24 years$6,135$4,733$3,608$2,722$2,036$507
25 years$5,827$4,441$3,342$2,486$1,832$425
26 years$5,543$4,174$3,099$2,273$1,651$356
27 years$5,280$3,928$2,878$2,081$1,488$298
28 years$5,037$3,702$2,675$1,906$1,343$250
29 years$4,811$3,492$2,490$1,748$1,213$210
30 years$4,600$3,298$2,319$1,604$1,096$176
31 years$4,404$3,118$2,162$1,474$991$148
32 years$4,220$2,950$2,017$1,354$896$124
33 years$4,047$2,794$1,883$1,245$811$104
34 years$3,885$2,648$1,760$1,146$734$87
35 years$3,733$2,511$1,645$1,055$665$73
36 years$3,589$2,384$1,539$971$602$61
37 years$3,454$2,264$1,441$895$546$52
38 years$3,326$2,152$1,349$825$495$43
39 years$3,205$2,046$1,264$761$449$36
40 years$3,090$1,946$1,185$702$407$31
41 years$2,981$1,853$1,111$647$369$26
42 years$2,877$1,765$1,042$597$335$22
43 years$2,779$1,681$978$551$304$18
44 years$2,685$1,603$918$509$276$15
45 years$2,596$1,528$862$470$251$13
46 years$2,511$1,458$809$434$228$11
47 years$2,430$1,391$760$401$207$9
48 years$2,352$1,328$715$371$188$8
49 years$2,278$1,268$672$343$170$6
50 years$2,207$1,212$631$317$155$5

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 $3,283 every year, while hoping to spend $57,858 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: 35/42/23 Blend
67$2,260,000$2,260,000$2,260,000$2,260,000
68$2,493,906$2,374,126$2,339,096$2,563,691
69$2,686,724$2,428,898$2,355,896$2,670,341
70$2,897,271$2,484,415$2,371,319$2,779,798
71$3,127,292$2,540,651$2,385,258$2,896,735
72$3,378,713$2,597,580$2,397,601$3,021,856
73$3,653,651$2,655,170$2,408,229$3,155,935
74$3,954,436$2,713,387$2,417,018$3,299,827
75$4,283,638$2,772,191$2,423,837$3,454,474
76$4,644,082$2,831,542$2,428,549$3,620,915
77$5,038,882$2,891,391$2,431,009$3,800,297
78$5,471,467$2,951,688$2,431,067$3,993,884
79$5,945,612$3,012,376$2,428,563$4,203,068
80$6,465,475$3,073,393$2,423,330$4,429,387
81$7,035,637$3,134,673$2,415,195$4,674,538
82$7,661,141$3,196,142$2,403,974$4,940,390
83$8,347,545$3,257,720$2,389,475$5,229,006
84$9,100,969$3,319,323$2,371,497$5,542,660
85$9,928,155$3,380,856$2,349,828$5,883,862
86$10,836,528$3,442,219$2,324,249$6,255,381
87$11,834,269$3,503,304$2,294,527$6,660,268
88$12,930,392$3,563,993$2,260,421$7,101,890
89$14,134,823$3,624,160$2,221,676$7,583,962
90$15,458,501$3,683,669$2,178,028$8,110,578
91$16,913,474$3,742,376$2,129,198$8,686,257
92$18,513,018$3,800,122$2,074,896$9,315,980
93$20,271,758$3,856,740$2,014,817$10,005,244
94$22,205,808$3,912,051$1,948,644$10,760,107
95$24,332,920$3,965,861$1,876,043$11,587,254
96$26,672,655$4,017,965$1,796,667$12,494,055
97$29,246,562$4,068,142$1,710,152$13,488,639
98$32,078,387$4,116,156$1,616,118$14,579,972
99$35,194,291$4,161,756$1,514,166$15,777,937
100$38,623,100$4,204,674$1,403,883$17,093,437