Can I retire at age 68 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$192,409$190,695$189,023$187,391$185,797$182,569
2 years$95,252$93,478$91,759$90,092$88,475$85,233
3 years$62,871$61,089$59,374$57,723$56,132$52,978
4 years$46,683$44,907$43,209$41,586$40,034$36,991
5 years$36,973$35,208$33,532$31,942$30,433$27,510
6 years$30,502$28,750$27,099$25,544$24,081$21,282
7 years$25,881$24,144$22,519$21,001$19,584$16,909
8 years$22,418$20,696$19,098$17,618$16,247$13,696
9 years$19,725$18,019$16,449$15,006$13,682$11,254
10 years$17,572$15,883$14,341$12,936$11,658$9,350
11 years$15,812$14,140$12,625$11,258$10,026$7,836
12 years$14,346$12,691$11,205$9,875$8,689$6,613
13 years$13,107$11,469$10,011$8,718$7,577$5,613
14 years$12,045$10,425$8,995$7,739$6,642$4,786
15 years$11,126$9,524$8,121$6,902$5,848$4,097
16 years$10,323$8,738$7,363$6,180$5,168$3,518
17 years$9,615$8,047$6,700$5,552$4,583$3,030
18 years$8,986$7,436$6,116$5,004$4,075$2,615
19 years$8,424$6,891$5,599$4,521$3,632$2,261
20 years$7,919$6,404$5,139$4,095$3,244$1,959
21 years$7,463$5,965$4,726$3,716$2,903$1,699
22 years$7,048$5,568$4,356$3,379$2,602$1,476
23 years$6,670$5,208$4,022$3,077$2,336$1,283
24 years$6,325$4,879$3,720$2,807$2,099$1,117
25 years$6,007$4,579$3,445$2,563$1,889$973
26 years$5,714$4,303$3,195$2,344$1,702$848
27 years$5,444$4,050$2,967$2,145$1,534$740
28 years$5,193$3,816$2,758$1,966$1,384$645
29 years$4,960$3,600$2,567$1,802$1,250$563
30 years$4,743$3,400$2,391$1,654$1,130$492
31 years$4,540$3,214$2,229$1,519$1,021$430
32 years$4,350$3,041$2,080$1,396$924$376
33 years$4,173$2,880$1,942$1,284$836$328
34 years$4,006$2,730$1,814$1,181$757$287
35 years$3,849$2,589$1,696$1,087$686$251
36 years$3,701$2,457$1,587$1,002$621$219
37 years$3,561$2,334$1,485$923$563$192
38 years$3,429$2,218$1,391$851$510$168
39 years$3,304$2,109$1,303$784$463$147
40 years$3,185$2,007$1,221$723$420$129
41 years$3,073$1,910$1,145$667$381$113
42 years$2,966$1,819$1,074$616$346$98
43 years$2,865$1,733$1,008$569$314$86
44 years$2,768$1,652$946$525$285$75
45 years$2,676$1,576$889$485$258$66
46 years$2,589$1,503$835$448$235$58
47 years$2,505$1,434$784$414$213$51
48 years$2,425$1,369$737$382$194$44
49 years$2,348$1,308$692$353$176$39
50 years$2,275$1,249$651$327$160$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,330,000, adding $5,264 every year, while hoping to spend $35,249 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: 75/8/17 Blend
67$2,330,000$2,330,000$2,330,000$2,330,000
68$2,573,090$2,449,600$2,413,485$2,755,799
69$2,798,040$2,532,126$2,456,832$2,959,959
70$3,044,754$2,617,514$2,500,450$3,178,799
71$3,315,415$2,705,867$2,544,310$3,417,726
72$3,612,425$2,797,293$2,588,383$3,678,729
73$3,938,434$2,891,902$2,632,635$3,964,002
74$4,296,359$2,989,810$2,677,033$4,275,958
75$4,689,412$3,091,135$2,721,538$4,617,258
76$5,121,134$3,196,002$2,766,112$4,990,831
77$5,595,424$3,304,540$2,810,710$5,399,902
78$6,116,577$3,416,883$2,855,289$5,848,025
79$6,689,326$3,533,168$2,899,799$6,339,115
80$7,318,884$3,653,540$2,944,189$6,877,485
81$8,010,995$3,778,149$2,988,405$7,467,884
82$8,771,988$3,907,149$3,032,388$8,115,545
83$9,608,834$4,040,703$3,076,076$8,826,234
84$10,529,215$4,178,977$3,119,404$9,606,302
85$11,541,593$4,322,145$3,162,302$10,462,746
86$12,655,293$4,470,388$3,204,697$11,403,276
87$13,880,589$4,623,893$3,246,511$12,436,384
88$15,228,801$4,782,855$3,287,660$13,571,429
89$16,712,400$4,947,477$3,328,059$14,818,720
90$18,345,130$5,117,969$3,367,614$16,189,618
91$20,142,133$5,294,549$3,406,228$17,696,638
92$22,120,092$5,477,443$3,443,799$19,353,573
93$24,297,393$5,666,889$3,480,217$21,175,616
94$26,694,291$5,863,131$3,515,369$23,179,511
95$29,333,107$6,066,423$3,549,132$25,383,706
96$32,238,437$6,277,030$3,581,381$27,808,529
97$35,437,381$6,495,228$3,611,981$30,476,379
98$38,959,802$6,721,303$3,640,790$33,411,936
99$42,838,606$6,955,550$3,667,661$36,642,396
100$47,110,052$7,198,281$3,692,436$40,197,727