Can I retire at age 68 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$187,454$185,785$184,156$182,566$181,013$174,939
2 years$92,799$91,071$89,396$87,772$86,197$80,137
3 years$61,252$59,516$57,845$56,236$54,687$48,832
4 years$45,481$43,750$42,096$40,515$39,003$33,397
5 years$36,021$34,301$32,669$31,119$29,649$24,308
6 years$29,716$28,009$26,401$24,887$23,461$18,388
7 years$25,215$23,522$21,939$20,461$19,080$14,275
8 years$21,840$20,163$18,606$17,164$15,829$11,288
9 years$19,217$17,555$16,026$14,620$13,330$9,049
10 years$17,120$15,474$13,972$12,602$11,358$7,328
11 years$15,405$13,776$12,300$10,968$9,768$5,983
12 years$13,977$12,364$10,916$9,620$8,465$4,915
13 years$12,769$11,174$9,753$8,493$7,381$4,059
14 years$11,735$10,157$8,763$7,539$6,471$3,365
15 years$10,840$9,278$7,912$6,724$5,697$2,799
16 years$10,057$8,513$7,173$6,020$5,035$2,334
17 years$9,367$7,840$6,527$5,409$4,465$1,951
18 years$8,755$7,244$5,959$4,875$3,970$1,634
19 years$8,207$6,714$5,455$4,405$3,538$1,370
20 years$7,715$6,239$5,006$3,989$3,160$1,151
21 years$7,270$5,811$4,605$3,621$2,828$967
22 years$6,867$5,425$4,244$3,292$2,535$814
23 years$6,499$5,074$3,919$2,998$2,276$685
24 years$6,162$4,754$3,624$2,734$2,045$577
25 years$5,852$4,461$3,357$2,497$1,841$487
26 years$5,567$4,193$3,113$2,283$1,658$410
27 years$5,304$3,946$2,891$2,090$1,495$346
28 years$5,059$3,718$2,687$1,915$1,349$292
29 years$4,832$3,508$2,501$1,756$1,218$247
30 years$4,621$3,313$2,329$1,612$1,100$208
31 years$4,423$3,131$2,172$1,480$995$176
32 years$4,238$2,963$2,026$1,360$900$149
33 years$4,065$2,806$1,892$1,251$814$125
34 years$3,903$2,659$1,768$1,151$737$106
35 years$3,750$2,522$1,653$1,059$668$90
36 years$3,605$2,394$1,546$976$605$76
37 years$3,469$2,274$1,447$899$548$64
38 years$3,341$2,161$1,355$829$497$54
39 years$3,219$2,055$1,270$764$451$46
40 years$3,103$1,955$1,190$705$409$39
41 years$2,994$1,861$1,116$650$371$33
42 years$2,890$1,772$1,047$600$337$28
43 years$2,791$1,689$982$554$306$23
44 years$2,697$1,610$922$511$277$20
45 years$2,607$1,535$866$472$252$17
46 years$2,522$1,464$813$436$229$14
47 years$2,440$1,397$764$403$208$12
48 years$2,362$1,334$718$372$189$10
49 years$2,288$1,274$675$344$171$8
50 years$2,216$1,217$634$318$156$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,270,000, adding $4,554 every year, while hoping to spend $25,510 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: 62/8/30 Blend
67$2,270,000$2,270,000$2,270,000$2,270,000
68$2,506,237$2,385,927$2,350,742$2,641,074
69$2,734,731$2,475,695$2,402,350$2,823,182
70$2,985,676$2,569,007$2,454,831$3,018,807
71$3,261,336$2,666,009$2,508,189$3,231,900
72$3,564,203$2,766,854$2,562,424$3,464,180
73$3,897,025$2,871,703$2,617,538$3,717,536
74$4,262,826$2,980,721$2,673,530$3,994,050
75$4,664,940$3,094,083$2,730,399$4,296,014
76$5,107,041$3,211,969$2,788,144$4,625,951
77$5,593,173$3,334,570$2,846,761$4,986,641
78$6,127,795$3,462,082$2,906,246$5,381,145
79$6,715,818$3,594,712$2,966,593$5,812,834
80$7,362,654$3,732,675$3,027,797$6,285,422
81$8,074,264$3,876,196$3,089,847$6,802,998
82$8,857,218$4,025,509$3,152,736$7,370,069
83$9,718,754$4,180,858$3,216,453$7,991,595
84$10,666,847$4,342,500$3,280,984$8,673,045
85$11,710,283$4,510,701$3,346,315$9,420,439
86$12,858,746$4,685,739$3,412,430$10,240,412
87$14,122,904$4,867,906$3,479,312$11,140,271
88$15,514,511$5,057,505$3,546,940$12,128,067
89$17,046,521$5,254,852$3,615,293$13,212,671
90$18,733,207$5,460,280$3,684,345$14,403,854
91$20,590,294$5,674,134$3,754,071$15,712,382
92$22,635,113$5,896,776$3,824,441$17,150,117
93$24,886,758$6,128,582$3,895,424$18,730,127
94$27,366,272$6,369,946$3,966,985$20,466,811
95$30,096,839$6,621,281$4,039,087$22,376,035
96$33,104,009$6,883,017$4,111,689$24,475,277
97$36,415,936$7,155,602$4,184,748$26,783,797
98$40,063,641$7,439,506$4,258,217$29,322,817
99$44,081,311$7,735,220$4,332,045$32,115,719
100$48,506,615$8,043,256$4,406,179$35,188,266