Can I retire at age 68 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$190,758$189,058$187,401$185,783$184,203$177,385
2 years$94,434$92,676$90,971$89,319$87,716$80,924
3 years$62,331$60,565$58,864$57,227$55,650$49,098
4 years$46,282$44,521$42,838$41,229$39,690$33,428
5 years$36,656$34,905$33,244$31,668$30,172$24,215
6 years$30,240$28,503$26,866$25,325$23,874$18,227
7 years$25,659$23,937$22,326$20,821$19,416$14,078
8 years$22,225$20,518$18,934$17,466$16,107$11,073
9 years$19,556$17,865$16,308$14,877$13,565$8,827
10 years$17,421$15,747$14,218$12,824$11,558$7,109
11 years$15,676$14,019$12,517$11,161$9,940$5,770
12 years$14,223$12,582$11,109$9,790$8,614$4,712
13 years$12,994$11,371$9,925$8,643$7,512$3,867
14 years$11,942$10,336$8,917$7,672$6,585$3,186
15 years$11,031$9,442$8,051$6,842$5,798$2,633
16 years$10,234$8,663$7,300$6,127$5,124$2,182
17 years$9,532$7,978$6,642$5,505$4,543$1,811
18 years$8,909$7,372$6,064$4,961$4,040$1,507
19 years$8,352$6,832$5,551$4,482$3,601$1,255
20 years$7,851$6,349$5,094$4,060$3,216$1,047
21 years$7,398$5,914$4,686$3,684$2,878$874
22 years$6,988$5,520$4,319$3,350$2,580$730
23 years$6,613$5,163$3,988$3,051$2,316$610
24 years$6,270$4,837$3,688$2,783$2,081$511
25 years$5,956$4,540$3,416$2,541$1,873$427
26 years$5,665$4,267$3,168$2,324$1,687$358
27 years$5,397$4,015$2,942$2,127$1,521$300
28 years$5,148$3,784$2,735$1,949$1,372$251
29 years$4,917$3,569$2,545$1,787$1,239$210
30 years$4,702$3,371$2,370$1,640$1,120$176
31 years$4,501$3,187$2,210$1,506$1,012$148
32 years$4,313$3,015$2,062$1,384$916$124
33 years$4,137$2,855$1,925$1,273$829$104
34 years$3,971$2,706$1,799$1,171$750$87
35 years$3,816$2,567$1,682$1,078$680$73
36 years$3,669$2,436$1,573$993$616$61
37 years$3,530$2,314$1,472$915$558$51
38 years$3,399$2,199$1,379$843$506$43
39 years$3,276$2,091$1,292$778$459$36
40 years$3,158$1,990$1,211$717$416$30
41 years$3,047$1,894$1,135$662$378$25
42 years$2,941$1,804$1,065$611$343$21
43 years$2,840$1,719$999$564$311$18
44 years$2,745$1,638$938$520$282$15
45 years$2,653$1,562$881$481$256$13
46 years$2,566$1,490$827$444$233$11
47 years$2,483$1,422$777$410$211$9
48 years$2,404$1,358$730$379$192$7
49 years$2,328$1,296$687$350$174$6
50 years$2,255$1,238$645$324$158$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,310,000, adding $3,753 every year, while hoping to spend $48,809 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: 57/21/22 Blend
67$2,310,000$2,310,000$2,310,000$2,310,000
68$2,549,491$2,427,061$2,391,256$2,679,501
69$2,757,607$2,494,055$2,419,431$2,835,621
70$2,985,315$2,562,695$2,446,914$3,000,147
71$3,234,561$2,633,012$2,473,630$3,178,401
72$3,507,490$2,705,033$2,499,500$3,371,718
73$3,806,462$2,778,788$2,524,442$3,581,569
74$4,134,078$2,854,305$2,548,367$3,809,574
75$4,493,200$2,931,612$2,571,183$4,057,515
76$4,886,982$3,010,737$2,592,794$4,327,359
77$5,318,898$3,091,706$2,613,095$4,621,269
78$5,792,772$3,174,547$2,631,981$4,941,630
79$6,312,819$3,259,283$2,649,336$5,291,069
80$6,883,680$3,345,942$2,665,042$5,672,480
81$7,510,468$3,434,545$2,678,974$6,089,051
82$8,198,814$3,525,117$2,690,998$6,544,295
83$8,954,924$3,617,679$2,700,978$7,042,083
84$9,785,632$3,712,250$2,708,766$7,586,679
85$10,698,467$3,808,851$2,714,210$8,182,782
86$11,701,724$3,907,499$2,717,150$8,835,572
87$12,804,542$4,008,208$2,717,416$9,550,752
88$14,016,988$4,110,993$2,714,833$10,334,610
89$15,350,156$4,215,866$2,709,214$11,194,074
90$16,816,264$4,322,836$2,700,365$12,136,778
91$18,428,778$4,431,910$2,688,082$13,171,135
92$20,202,531$4,543,092$2,672,152$14,306,416
93$22,153,869$4,656,383$2,652,349$15,552,837
94$24,300,800$4,771,783$2,628,439$16,921,656
95$26,663,166$4,889,284$2,600,176$18,425,280
96$29,262,829$5,008,879$2,567,302$20,077,382
97$32,123,879$5,130,556$2,529,547$21,893,028
98$35,272,857$5,254,295$2,486,630$23,888,823
99$38,739,010$5,380,077$2,438,253$26,083,066
100$42,554,563$5,507,874$2,384,108$28,495,923