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%14.9%
1 years$189,106$187,422$185,778$184,174$182,608$178,921
2 years$93,617$91,873$90,184$88,545$86,956$83,258
3 years$61,791$60,040$58,355$56,732$55,169$51,574
4 years$45,882$44,136$42,467$40,872$39,347$35,884
5 years$36,338$34,603$32,956$31,394$29,911$26,589
6 years$29,978$28,256$26,634$25,106$23,667$20,491
7 years$25,437$23,729$22,133$20,641$19,248$16,217
8 years$22,033$20,340$18,770$17,315$15,968$13,082
9 years$19,386$17,710$16,167$14,749$13,447$10,705
10 years$17,270$15,611$14,095$12,713$11,458$8,855
11 years$15,540$13,897$12,409$11,065$9,854$7,389
12 years$14,100$12,473$11,012$9,705$8,539$6,207
13 years$12,882$11,272$9,839$8,568$7,446$5,244
14 years$11,838$10,246$8,840$7,606$6,528$4,451
15 years$10,935$9,360$7,982$6,783$5,747$3,791
16 years$10,146$8,588$7,236$6,073$5,080$3,240
17 years$9,450$7,909$6,585$5,457$4,504$2,776
18 years$8,832$7,308$6,011$4,918$4,005$2,384
19 years$8,279$6,773$5,503$4,444$3,569$2,051
20 years$7,783$6,294$5,050$4,025$3,188$1,767
21 years$7,334$5,863$4,645$3,653$2,853$1,525
22 years$6,927$5,472$4,281$3,321$2,557$1,318
23 years$6,556$5,118$3,953$3,025$2,296$1,139
24 years$6,216$4,796$3,656$2,759$2,063$986
25 years$5,904$4,500$3,386$2,519$1,857$854
26 years$5,616$4,230$3,140$2,303$1,673$740
27 years$5,350$3,981$2,916$2,108$1,508$642
28 years$5,104$3,751$2,711$1,932$1,361$557
29 years$4,875$3,539$2,523$1,771$1,229$483
30 years$4,661$3,342$2,350$1,626$1,110$420
31 years$4,462$3,159$2,191$1,493$1,004$365
32 years$4,276$2,989$2,044$1,372$908$317
33 years$4,101$2,831$1,908$1,262$822$275
34 years$3,937$2,683$1,783$1,161$744$239
35 years$3,783$2,545$1,667$1,069$674$208
36 years$3,637$2,415$1,560$984$610$181
37 years$3,500$2,294$1,460$907$553$157
38 years$3,370$2,180$1,367$836$502$137
39 years$3,247$2,073$1,281$771$455$119
40 years$3,131$1,972$1,200$711$413$103
41 years$3,020$1,877$1,126$656$374$90
42 years$2,916$1,788$1,056$605$340$78
43 years$2,816$1,704$991$559$308$68
44 years$2,721$1,624$930$516$280$59
45 years$2,630$1,549$873$477$254$52
46 years$2,544$1,477$820$440$231$45
47 years$2,462$1,410$771$407$209$39
48 years$2,383$1,346$724$376$190$34
49 years$2,308$1,285$681$347$173$30
50 years$2,236$1,228$640$321$157$26

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 $6,124 every year, while hoping to spend $27,896 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: 40/39/21 Blend
67$2,290,000$2,290,000$2,290,000$2,290,000
68$2,529,897$2,408,527$2,373,032$2,615,139
69$2,758,265$2,496,864$2,422,847$2,765,165
70$3,008,992$2,588,594$2,473,397$2,924,247
71$3,284,329$2,683,854$2,524,675$3,095,781
72$3,586,755$2,782,788$2,576,676$3,280,918
73$3,919,003$2,885,543$2,629,394$3,480,921
74$4,284,081$2,992,275$2,682,818$3,697,178
75$4,685,306$3,103,145$2,736,941$3,931,216
76$5,126,329$3,218,321$2,791,751$4,184,710
77$5,611,176$3,337,979$2,847,235$4,459,503
78$6,144,278$3,462,303$2,903,380$4,757,622
79$6,730,520$3,591,482$2,960,169$5,081,294
80$7,375,285$3,725,716$3,017,586$5,432,970
81$8,084,500$3,865,212$3,075,612$5,815,343
82$8,864,699$4,010,188$3,134,225$6,231,377
83$9,723,079$4,160,867$3,193,402$6,684,333
84$10,667,570$4,317,487$3,253,118$7,177,797
85$11,706,911$4,480,292$3,313,346$7,715,714
86$12,850,729$4,649,540$3,374,056$8,302,429
87$14,109,632$4,825,496$3,435,215$8,942,719
88$15,495,309$5,008,440$3,496,790$9,641,843
89$17,020,640$5,198,663$3,558,742$10,405,589
90$18,699,816$5,396,468$3,621,031$11,240,330
91$20,548,475$5,602,173$3,683,613$12,153,077
92$22,583,847$5,816,107$3,746,442$13,151,551
93$24,824,920$6,038,616$3,809,467$14,244,253
94$27,292,613$6,270,060$3,872,636$15,440,540
95$30,009,981$6,510,815$3,935,891$16,750,716
96$33,002,427$6,761,272$3,999,171$18,186,125
97$36,297,942$7,021,842$4,062,411$19,759,259
98$39,927,372$7,292,952$4,125,541$21,483,876
99$43,924,705$7,575,048$4,188,488$23,375,124
100$48,327,395$7,868,595$4,251,173$25,449,687