Can I retire at age 68 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$189,932$188,240$186,589$184,978$183,405$182,479
2 years$94,026$92,275$90,577$88,932$87,336$86,401
3 years$62,061$60,302$58,610$56,980$55,409$54,495
4 years$46,082$44,329$42,653$41,051$39,518$38,631
5 years$36,497$34,754$33,100$31,531$30,041$29,184
6 years$30,109$28,379$26,750$25,215$23,771$22,945
7 years$25,548$23,833$22,229$20,731$19,332$18,538
8 years$22,129$20,429$18,852$17,391$16,038$15,275
9 years$19,471$17,787$16,237$14,813$13,506$12,775
10 years$17,346$15,679$14,156$12,769$11,508$10,808
11 years$15,608$13,958$12,463$11,113$9,897$9,228
12 years$14,161$12,528$11,060$9,747$8,577$7,937
13 years$12,938$11,321$9,882$8,606$7,479$6,869
14 years$11,890$10,291$8,879$7,639$6,556$5,975
15 years$10,983$9,401$8,016$6,813$5,772$5,220
16 years$10,190$8,625$7,268$6,100$5,102$4,576
17 years$9,491$7,943$6,614$5,481$4,524$4,025
18 years$8,870$7,340$6,037$4,939$4,022$3,549
19 years$8,316$6,803$5,527$4,463$3,585$3,136
20 years$7,817$6,321$5,072$4,042$3,202$2,778
21 years$7,366$5,888$4,666$3,669$2,866$2,464
22 years$6,957$5,496$4,300$3,336$2,569$2,189
23 years$6,585$5,141$3,970$3,038$2,306$1,948
24 years$6,243$4,816$3,672$2,771$2,072$1,735
25 years$5,930$4,520$3,401$2,530$1,865$1,547
26 years$5,641$4,248$3,154$2,314$1,680$1,381
27 years$5,374$3,998$2,929$2,118$1,514$1,233
28 years$5,126$3,767$2,723$1,940$1,367$1,102
29 years$4,896$3,554$2,534$1,779$1,234$986
30 years$4,682$3,356$2,360$1,633$1,115$882
31 years$4,482$3,173$2,200$1,500$1,008$790
32 years$4,294$3,002$2,053$1,378$912$708
33 years$4,119$2,843$1,917$1,267$825$634
34 years$3,954$2,695$1,791$1,166$747$569
35 years$3,799$2,556$1,674$1,073$677$510
36 years$3,653$2,426$1,566$989$613$457
37 years$3,515$2,304$1,466$911$556$410
38 years$3,385$2,190$1,373$840$504$368
39 years$3,261$2,082$1,286$774$457$331
40 years$3,144$1,981$1,206$714$414$297
41 years$3,034$1,886$1,131$659$376$267
42 years$2,928$1,796$1,060$608$341$239
43 years$2,828$1,711$995$561$310$215
44 years$2,733$1,631$934$518$281$193
45 years$2,642$1,555$877$479$255$174
46 years$2,555$1,484$824$442$232$156
47 years$2,473$1,416$774$408$210$140
48 years$2,393$1,352$727$377$191$126
49 years$2,318$1,291$684$349$173$113
50 years$2,246$1,233$643$322$158$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,300,000, adding $5,167 every year, while hoping to spend $59,991 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: 53/34/13 Blend
67$2,300,000$2,300,000$2,300,000$2,300,000
68$2,539,930$2,418,030$2,382,380$2,665,570
69$2,735,173$2,472,683$2,398,360$2,806,436
70$2,948,320$2,528,004$2,412,864$2,952,757
71$3,181,134$2,583,962$2,425,780$3,110,583
72$3,435,555$2,640,522$2,436,990$3,281,020
73$3,713,721$2,697,647$2,446,369$3,465,286
74$4,017,984$2,755,295$2,453,785$3,664,722
75$4,350,934$2,813,420$2,459,102$3,880,806
76$4,715,423$2,871,971$2,462,176$4,115,166
77$5,114,591$2,930,892$2,462,854$4,369,598
78$5,551,898$2,990,125$2,460,978$4,646,079
79$6,031,152$3,049,601$2,456,381$4,946,787
80$6,556,548$3,109,250$2,448,888$5,274,123
81$7,132,706$3,168,994$2,438,317$5,630,734
82$7,764,716$3,228,748$2,424,474$6,019,537
83$8,458,181$3,288,421$2,407,158$6,443,745
84$9,219,276$3,347,914$2,386,158$6,906,900
85$10,054,801$3,407,120$2,361,253$7,412,907
86$10,972,246$3,465,926$2,332,211$7,966,070
87$11,979,865$3,524,206$2,298,790$8,571,132
88$13,086,747$3,581,828$2,260,735$9,233,320
89$14,302,907$3,638,648$2,217,781$9,958,397
90$15,639,376$3,694,515$2,169,650$10,752,714
91$17,108,309$3,749,262$2,116,049$11,623,273
92$18,723,094$3,802,714$2,056,675$12,577,791
93$20,498,485$3,854,682$1,991,209$13,624,772
94$22,450,733$3,904,964$1,919,317$14,773,595
95$24,597,744$3,953,344$1,840,650$16,034,592
96$26,959,248$3,999,592$1,754,845$17,419,156
97$29,556,979$4,043,460$1,661,521$18,939,843
98$32,414,888$4,084,686$1,560,278$20,610,494
99$35,559,360$4,122,990$1,450,702$22,446,365
100$39,019,471$4,158,072$1,332,356$24,464,272