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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.6%
1 years$189,106$187,422$185,778$184,174$182,608$180,626
2 years$93,617$91,873$90,184$88,545$86,956$84,960
3 years$61,791$60,040$58,355$56,732$55,169$53,221
4 years$45,882$44,136$42,467$40,872$39,347$37,463
5 years$36,338$34,603$32,956$31,394$29,911$28,095
6 years$29,978$28,256$26,634$25,106$23,667$21,923
7 years$25,437$23,729$22,133$20,641$19,248$17,575
8 years$22,033$20,340$18,770$17,315$15,968$14,367
9 years$19,386$17,710$16,167$14,749$13,447$11,918
10 years$17,270$15,611$14,095$12,713$11,458$9,998
11 years$15,540$13,897$12,409$11,065$9,854$8,463
12 years$14,100$12,473$11,012$9,705$8,539$7,216
13 years$12,882$11,272$9,839$8,568$7,446$6,189
14 years$11,838$10,246$8,840$7,606$6,528$5,334
15 years$10,935$9,360$7,982$6,783$5,747$4,616
16 years$10,146$8,588$7,236$6,073$5,080$4,009
17 years$9,450$7,909$6,585$5,457$4,504$3,491
18 years$8,832$7,308$6,011$4,918$4,005$3,048
19 years$8,279$6,773$5,503$4,444$3,569$2,667
20 years$7,783$6,294$5,050$4,025$3,188$2,338
21 years$7,334$5,863$4,645$3,653$2,853$2,053
22 years$6,927$5,472$4,281$3,321$2,557$1,805
23 years$6,556$5,118$3,953$3,025$2,296$1,589
24 years$6,216$4,796$3,656$2,759$2,063$1,400
25 years$5,904$4,500$3,386$2,519$1,857$1,235
26 years$5,616$4,230$3,140$2,303$1,673$1,090
27 years$5,350$3,981$2,916$2,108$1,508$963
28 years$5,104$3,751$2,711$1,932$1,361$851
29 years$4,875$3,539$2,523$1,771$1,229$753
30 years$4,661$3,342$2,350$1,626$1,110$666
31 years$4,462$3,159$2,191$1,493$1,004$590
32 years$4,276$2,989$2,044$1,372$908$522
33 years$4,101$2,831$1,908$1,262$822$463
34 years$3,937$2,683$1,783$1,161$744$410
35 years$3,783$2,545$1,667$1,069$674$363
36 years$3,637$2,415$1,560$984$610$322
37 years$3,500$2,294$1,460$907$553$286
38 years$3,370$2,180$1,367$836$502$253
39 years$3,247$2,073$1,281$771$455$225
40 years$3,131$1,972$1,200$711$413$199
41 years$3,020$1,877$1,126$656$374$177
42 years$2,916$1,788$1,056$605$340$157
43 years$2,816$1,704$991$559$308$139
44 years$2,721$1,624$930$516$280$124
45 years$2,630$1,549$873$477$254$110
46 years$2,544$1,477$820$440$231$97
47 years$2,462$1,410$771$407$209$86
48 years$2,383$1,346$724$376$190$77
49 years$2,308$1,285$681$347$173$68
50 years$2,236$1,228$640$321$157$60

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 $6,007 every year, while hoping to spend $39,566 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: 45/28/27 Blend
67$2,290,000$2,290,000$2,290,000$2,290,000
68$2,529,776$2,408,406$2,372,911$2,623,637
69$2,745,715$2,484,320$2,410,306$2,766,769
70$2,982,354$2,562,628$2,447,627$2,917,624
71$3,241,763$2,643,405$2,484,831$3,080,466
72$3,526,220$2,726,729$2,521,870$3,256,435
73$3,838,236$2,812,680$2,558,694$3,446,785
74$4,180,577$2,901,342$2,595,251$3,652,898
75$4,556,287$2,992,800$2,631,484$3,876,293
76$4,968,724$3,087,142$2,667,333$4,118,643
77$5,421,581$3,184,459$2,702,736$4,381,791
78$5,918,929$3,284,845$2,737,626$4,667,764
79$6,465,255$3,388,397$2,771,931$4,978,795
80$7,065,497$3,495,215$2,805,577$5,317,343
81$7,725,099$3,605,402$2,838,484$5,686,114
82$8,450,056$3,719,063$2,870,571$6,088,091
83$9,246,974$3,836,310$2,901,747$6,526,556
84$10,123,131$3,957,255$2,931,921$7,005,126
85$11,086,544$4,082,014$2,960,994$7,527,785
86$12,146,047$4,210,708$2,988,863$8,098,919
87$13,311,373$4,343,462$3,015,419$8,723,361
88$14,593,245$4,480,403$3,040,547$9,406,434
89$16,003,477$4,621,664$3,064,127$10,154,003
90$17,555,086$4,767,381$3,086,030$10,972,528
91$19,262,417$4,917,694$3,106,124$11,869,125
92$21,141,272$5,072,749$3,124,267$12,851,635
93$23,209,063$5,232,696$3,140,312$13,928,695
94$25,484,978$5,397,688$3,154,103$15,109,823
95$27,990,157$5,567,886$3,165,477$16,405,503
96$30,747,894$5,743,454$3,174,261$17,827,288
97$33,783,857$5,924,560$3,180,276$19,387,905
98$37,126,327$6,111,381$3,183,333$21,101,379
99$40,806,470$6,304,096$3,183,232$22,983,162
100$44,858,625$6,502,892$3,179,765$25,050,279