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%16.7%
1 years$189,932$188,240$186,589$184,978$183,405$178,393
2 years$94,026$92,275$90,577$88,932$87,336$82,322
3 years$62,061$60,302$58,610$56,980$55,409$50,552
4 years$46,082$44,329$42,653$41,051$39,518$34,855
5 years$36,497$34,754$33,100$31,531$30,041$25,584
6 years$30,109$28,379$26,750$25,215$23,771$19,523
7 years$25,548$23,833$22,229$20,731$19,332$15,295
8 years$22,129$20,429$18,852$17,391$16,038$12,209
9 years$19,471$17,787$16,237$14,813$13,506$9,883
10 years$17,346$15,679$14,156$12,769$11,508$8,085
11 years$15,608$13,958$12,463$11,113$9,897$6,669
12 years$14,161$12,528$11,060$9,747$8,577$5,537
13 years$12,938$11,321$9,882$8,606$7,479$4,622
14 years$11,890$10,291$8,879$7,639$6,556$3,874
15 years$10,983$9,401$8,016$6,813$5,772$3,259
16 years$10,190$8,625$7,268$6,100$5,102$2,750
17 years$9,491$7,943$6,614$5,481$4,524$2,326
18 years$8,870$7,340$6,037$4,939$4,022$1,971
19 years$8,316$6,803$5,527$4,463$3,585$1,673
20 years$7,817$6,321$5,072$4,042$3,202$1,422
21 years$7,366$5,888$4,666$3,669$2,866$1,210
22 years$6,957$5,496$4,300$3,336$2,569$1,031
23 years$6,585$5,141$3,970$3,038$2,306$879
24 years$6,243$4,816$3,672$2,771$2,072$750
25 years$5,930$4,520$3,401$2,530$1,865$641
26 years$5,641$4,248$3,154$2,314$1,680$547
27 years$5,374$3,998$2,929$2,118$1,514$468
28 years$5,126$3,767$2,723$1,940$1,367$400
29 years$4,896$3,554$2,534$1,779$1,234$342
30 years$4,682$3,356$2,360$1,633$1,115$293
31 years$4,482$3,173$2,200$1,500$1,008$250
32 years$4,294$3,002$2,053$1,378$912$214
33 years$4,119$2,843$1,917$1,267$825$183
34 years$3,954$2,695$1,791$1,166$747$157
35 years$3,799$2,556$1,674$1,073$677$134
36 years$3,653$2,426$1,566$989$613$115
37 years$3,515$2,304$1,466$911$556$99
38 years$3,385$2,190$1,373$840$504$84
39 years$3,261$2,082$1,286$774$457$72
40 years$3,144$1,981$1,206$714$414$62
41 years$3,034$1,886$1,131$659$376$53
42 years$2,928$1,796$1,060$608$341$45
43 years$2,828$1,711$995$561$310$39
44 years$2,733$1,631$934$518$281$33
45 years$2,642$1,555$877$479$255$29
46 years$2,555$1,484$824$442$232$25
47 years$2,473$1,416$774$408$210$21
48 years$2,393$1,352$727$377$191$18
49 years$2,318$1,291$684$349$173$15
50 years$2,246$1,233$643$322$158$13

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 $5,346 every year, while hoping to spend $39,383 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: 72/19/9 Blend
67$2,300,000$2,300,000$2,300,000$2,300,000
68$2,540,114$2,418,214$2,382,564$2,718,544
69$2,757,303$2,494,804$2,420,477$2,913,728
70$2,995,325$2,573,826$2,458,340$3,121,969
71$3,256,263$2,655,359$2,496,110$3,348,888
72$3,542,413$2,739,482$2,533,740$3,596,318
73$3,856,301$2,826,279$2,571,183$3,866,276
74$4,200,712$2,915,835$2,608,385$4,160,983
75$4,578,711$3,008,237$2,645,293$4,482,885
76$4,993,676$3,103,577$2,681,847$4,834,674
77$5,449,328$3,201,949$2,717,985$5,219,314
78$5,949,764$3,303,450$2,753,643$5,640,073
79$6,499,500$3,408,179$2,788,750$6,100,544
80$7,103,509$3,516,240$2,823,233$6,604,688
81$7,767,271$3,627,739$2,857,015$7,156,868
82$8,496,821$3,742,787$2,890,014$7,761,886
83$9,298,810$3,861,497$2,922,142$8,425,034
84$10,180,564$3,983,986$2,953,309$9,152,140
85$11,150,155$4,110,374$2,983,419$9,949,623
86$12,216,477$4,240,788$3,012,369$10,824,557
87$13,389,326$4,375,356$3,040,053$11,784,731
88$14,679,500$4,514,211$3,066,357$12,838,726
89$16,098,892$4,657,491$3,091,163$13,995,997
90$17,660,608$4,805,336$3,114,346$15,266,958
91$19,379,087$4,957,895$3,135,773$16,663,085
92$21,270,239$5,115,317$3,155,307$18,197,018
93$23,351,596$5,277,760$3,172,802$19,882,684
94$25,642,472$5,445,383$3,188,104$21,735,427
95$28,164,151$5,618,354$3,201,052$23,772,153
96$30,940,085$5,796,844$3,211,478$26,011,489
97$33,996,115$5,981,031$3,219,204$28,473,956
98$37,360,715$6,171,097$3,224,043$31,182,165
99$41,065,259$6,367,232$3,225,800$34,161,032
100$45,144,319$6,569,631$3,224,269$37,438,007