Can I retire at age 68 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$189,106$187,422$185,778$184,174$182,608$181,838
2 years$93,617$91,873$90,184$88,545$86,956$86,179
3 years$61,791$60,040$58,355$56,732$55,169$54,408
4 years$45,882$44,136$42,467$40,872$39,347$38,609
5 years$36,338$34,603$32,956$31,394$29,911$29,198
6 years$29,978$28,256$26,634$25,106$23,667$22,980
7 years$25,437$23,729$22,133$20,641$19,248$18,587
8 years$22,033$20,340$18,770$17,315$15,968$15,333
9 years$19,386$17,710$16,167$14,749$13,447$12,838
10 years$17,270$15,611$14,095$12,713$11,458$10,874
11 years$15,540$13,897$12,409$11,065$9,854$9,296
12 years$14,100$12,473$11,012$9,705$8,539$8,006
13 years$12,882$11,272$9,839$8,568$7,446$6,937
14 years$11,838$10,246$8,840$7,606$6,528$6,042
15 years$10,935$9,360$7,982$6,783$5,747$5,285
16 years$10,146$8,588$7,236$6,073$5,080$4,640
17 years$9,450$7,909$6,585$5,457$4,504$4,086
18 years$8,832$7,308$6,011$4,918$4,005$3,608
19 years$8,279$6,773$5,503$4,444$3,569$3,194
20 years$7,783$6,294$5,050$4,025$3,188$2,832
21 years$7,334$5,863$4,645$3,653$2,853$2,516
22 years$6,927$5,472$4,281$3,321$2,557$2,239
23 years$6,556$5,118$3,953$3,025$2,296$1,995
24 years$6,216$4,796$3,656$2,759$2,063$1,780
25 years$5,904$4,500$3,386$2,519$1,857$1,589
26 years$5,616$4,230$3,140$2,303$1,673$1,421
27 years$5,350$3,981$2,916$2,108$1,508$1,271
28 years$5,104$3,751$2,711$1,932$1,361$1,138
29 years$4,875$3,539$2,523$1,771$1,229$1,019
30 years$4,661$3,342$2,350$1,626$1,110$914
31 years$4,462$3,159$2,191$1,493$1,004$819
32 years$4,276$2,989$2,044$1,372$908$735
33 years$4,101$2,831$1,908$1,262$822$660
34 years$3,937$2,683$1,783$1,161$744$593
35 years$3,783$2,545$1,667$1,069$674$532
36 years$3,637$2,415$1,560$984$610$478
37 years$3,500$2,294$1,460$907$553$430
38 years$3,370$2,180$1,367$836$502$386
39 years$3,247$2,073$1,281$771$455$348
40 years$3,131$1,972$1,200$711$413$313
41 years$3,020$1,877$1,126$656$374$281
42 years$2,916$1,788$1,056$605$340$253
43 years$2,816$1,704$991$559$308$228
44 years$2,721$1,624$930$516$280$205
45 years$2,630$1,549$873$477$254$184
46 years$2,544$1,477$820$440$231$166
47 years$2,462$1,410$771$407$209$149
48 years$2,383$1,346$724$376$190$134
49 years$2,308$1,285$681$347$173$121
50 years$2,236$1,228$640$321$157$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,290,000, adding $5,941 every year, while hoping to spend $37,620 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: 80/12/8 Blend
67$2,290,000$2,290,000$2,290,000$2,290,000
68$2,529,708$2,408,338$2,372,843$2,728,986
69$2,747,711$2,486,319$2,412,306$2,938,418
70$2,986,689$2,566,861$2,451,830$3,162,622
71$3,248,743$2,650,048$2,491,377$3,407,507
72$3,536,184$2,735,970$2,530,908$3,675,120
73$3,851,561$2,824,718$2,570,379$3,967,716
74$4,197,678$2,916,388$2,609,746$4,287,776
75$4,577,628$3,011,077$2,648,958$4,638,034
76$4,994,813$3,108,887$2,687,966$5,021,499
77$5,452,985$3,209,923$2,726,713$5,441,486
78$5,956,274$3,314,294$2,765,143$5,901,647
79$6,509,232$3,422,113$2,803,193$6,406,003
80$7,116,872$3,533,495$2,840,799$6,958,984
81$7,784,718$3,648,561$2,877,891$7,565,468
82$8,518,855$3,767,437$2,914,396$8,230,831
83$9,325,987$3,890,250$2,950,237$8,960,992
84$10,213,500$4,017,135$2,985,332$9,762,473
85$11,189,532$4,148,229$3,019,595$10,642,458
86$12,263,048$4,283,676$3,052,936$11,608,863
87$13,443,926$4,423,623$3,085,256$12,670,407
88$14,743,051$4,568,225$3,116,456$13,836,696
89$16,172,413$4,717,639$3,146,429$15,118,313
90$17,745,225$4,872,030$3,175,061$16,526,918
91$19,476,047$5,031,567$3,202,233$18,075,357
92$21,380,917$5,196,428$3,227,822$19,777,784
93$23,477,511$5,366,793$3,251,694$21,649,793
94$25,785,303$5,542,852$3,273,713$23,708,565
95$28,325,753$5,724,801$3,293,730$25,973,030
96$31,122,504$5,912,841$3,311,595$28,464,048
97$34,201,611$6,107,181$3,327,145$31,204,601
98$37,591,783$6,308,040$3,340,211$34,220,011
99$41,324,652$6,515,641$3,350,616$37,538,181
100$45,435,077$6,730,218$3,358,172$41,189,856