Can I retire at age 68 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$194,061$192,332$190,646$189,000$187,392$185,435
2 years$96,070$94,280$92,546$90,865$89,234$87,264
3 years$63,410$61,613$59,884$58,218$56,614$54,691
4 years$47,084$45,292$43,580$41,943$40,378$38,516
5 years$37,290$35,510$33,820$32,216$30,694$28,901
6 years$30,764$28,996$27,331$25,764$24,287$22,564
7 years$26,103$24,351$22,713$21,182$19,752$18,099
8 years$22,610$20,873$19,262$17,769$16,386$14,804
9 years$19,894$18,174$16,590$15,135$13,800$12,287
10 years$17,723$16,020$14,464$13,047$11,758$10,314
11 years$15,948$14,261$12,734$11,354$10,112$8,736
12 years$14,469$12,800$11,301$9,959$8,763$7,453
13 years$13,219$11,568$10,097$8,793$7,642$6,397
14 years$12,149$10,515$9,072$7,805$6,699$5,517
15 years$11,222$9,605$8,191$6,961$5,898$4,778
16 years$10,411$8,813$7,426$6,233$5,213$4,152
17 years$9,697$8,116$6,757$5,600$4,622$3,618
18 years$9,063$7,500$6,169$5,047$4,110$3,161
19 years$8,496$6,951$5,647$4,560$3,663$2,768
20 years$7,987$6,459$5,183$4,130$3,272$2,428
21 years$7,527$6,016$4,767$3,748$2,928$2,134
22 years$7,109$5,616$4,394$3,408$2,624$1,877
23 years$6,728$5,252$4,057$3,104$2,356$1,654
24 years$6,379$4,921$3,752$2,831$2,117$1,459
25 years$6,059$4,618$3,475$2,585$1,905$1,288
26 years$5,763$4,340$3,223$2,364$1,716$1,137
27 years$5,491$4,085$2,993$2,164$1,547$1,006
28 years$5,238$3,849$2,782$1,982$1,396$890
29 years$5,003$3,631$2,589$1,818$1,261$787
30 years$4,784$3,429$2,411$1,668$1,139$697
31 years$4,579$3,242$2,248$1,532$1,030$618
32 years$4,388$3,067$2,098$1,408$932$547
33 years$4,209$2,905$1,958$1,295$843$485
34 years$4,040$2,753$1,830$1,191$763$430
35 years$3,882$2,611$1,711$1,097$691$382
36 years$3,732$2,479$1,600$1,010$626$339
37 years$3,591$2,354$1,498$931$568$301
38 years$3,458$2,237$1,403$858$515$267
39 years$3,332$2,127$1,314$791$467$237
40 years$3,213$2,024$1,232$730$423$210
41 years$3,100$1,927$1,155$673$384$187
42 years$2,992$1,835$1,084$621$349$166
43 years$2,890$1,748$1,017$573$316$147
44 years$2,792$1,666$954$529$287$131
45 years$2,699$1,589$896$489$261$116
46 years$2,611$1,516$842$452$237$103
47 years$2,526$1,447$791$417$215$92
48 years$2,446$1,381$743$386$195$82
49 years$2,368$1,319$698$356$177$72
50 years$2,294$1,260$657$329$161$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,350,000, adding $4,905 every year, while hoping to spend $49,653 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: 37/46/17 Blend
67$2,350,000$2,350,000$2,350,000$2,350,000
68$2,594,760$2,470,210$2,433,785$2,677,232
69$2,806,595$2,538,419$2,462,486$2,805,382
70$3,038,373$2,608,307$2,490,485$2,938,640
71$3,292,076$2,679,903$2,517,705$3,081,528
72$3,569,885$2,753,237$2,544,066$3,234,937
73$3,874,206$2,828,337$2,569,484$3,399,846
74$4,207,682$2,905,233$2,593,870$3,577,332
75$4,573,230$2,983,954$2,617,129$3,768,581
76$4,974,060$3,064,528$2,639,162$3,974,899
77$5,413,706$3,146,982$2,659,867$4,197,722
78$5,896,064$3,231,344$2,679,132$4,438,632
79$6,425,422$3,317,640$2,696,842$4,699,370
80$7,006,505$3,405,894$2,712,877$4,981,854
81$7,644,518$3,496,132$2,727,108$5,288,196
82$8,345,194$3,588,378$2,739,401$5,620,721
83$9,114,849$3,682,653$2,749,615$5,981,990
84$9,960,439$3,778,979$2,757,603$6,374,825
85$10,889,629$3,877,374$2,763,208$6,802,332
86$11,910,864$3,977,858$2,766,268$7,267,936
87$13,033,444$4,080,445$2,766,611$7,775,406
88$14,267,620$4,185,152$2,764,056$8,328,897
89$15,624,682$4,291,988$2,758,417$8,932,985
90$17,117,069$4,400,966$2,749,494$9,592,714
91$18,758,489$4,512,091$2,737,080$10,313,638
92$20,564,040$4,625,370$2,720,958$11,101,879
93$22,550,362$4,740,802$2,700,900$11,964,183
94$24,735,785$4,858,388$2,676,666$12,907,981
95$27,140,508$4,978,122$2,648,007$13,941,462
96$29,786,786$5,099,996$2,614,661$15,073,651
97$32,699,139$5,223,996$2,576,353$16,314,493
98$35,904,586$5,350,107$2,532,796$17,674,944
99$39,432,898$5,478,307$2,483,689$19,167,082
100$43,316,879$5,608,569$2,428,718$20,804,213