Can I retire at age 68 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$194,887$193,151$191,457$189,804$188,190$181,657
2 years$96,479$94,682$92,940$91,252$89,614$83,100
3 years$63,680$61,876$60,139$58,466$56,855$50,564
4 years$47,284$45,485$43,765$42,121$40,549$34,530
5 years$37,449$35,661$33,964$32,353$30,825$25,093
6 years$30,895$29,120$27,448$25,873$24,391$18,951
7 years$26,215$24,455$22,809$21,272$19,836$14,687
8 years$22,706$20,962$19,344$17,844$16,456$11,593
9 years$19,979$18,251$16,661$15,199$13,858$9,276
10 years$17,798$16,088$14,525$13,102$11,808$7,498
11 years$16,015$14,322$12,788$11,403$10,155$6,110
12 years$14,531$12,855$11,349$10,002$8,800$5,009
13 years$13,275$11,617$10,140$8,830$7,674$4,128
14 years$12,200$10,559$9,110$7,838$6,727$3,415
15 years$11,269$9,646$8,226$6,990$5,923$2,835
16 years$10,456$8,850$7,458$6,259$5,235$2,359
17 years$9,738$8,151$6,786$5,624$4,642$1,967
18 years$9,102$7,532$6,195$5,068$4,127$1,644
19 years$8,532$6,980$5,671$4,580$3,679$1,376
20 years$8,021$6,486$5,205$4,148$3,286$1,152
21 years$7,559$6,042$4,787$3,764$2,940$967
22 years$7,139$5,640$4,412$3,423$2,636$811
23 years$6,756$5,275$4,074$3,117$2,366$682
24 years$6,406$4,942$3,768$2,843$2,127$573
25 years$6,084$4,638$3,490$2,596$1,914$482
26 years$5,788$4,359$3,236$2,374$1,724$405
27 years$5,514$4,102$3,005$2,173$1,554$341
28 years$5,260$3,866$2,794$1,991$1,402$287
29 years$5,024$3,647$2,600$1,826$1,266$242
30 years$4,804$3,444$2,422$1,675$1,144$204
31 years$4,599$3,256$2,258$1,539$1,034$172
32 years$4,407$3,080$2,106$1,414$936$145
33 years$4,226$2,917$1,967$1,300$847$122
34 years$4,057$2,765$1,838$1,197$767$103
35 years$3,898$2,622$1,718$1,101$694$86
36 years$3,748$2,489$1,607$1,014$629$73
37 years$3,607$2,364$1,504$935$570$61
38 years$3,473$2,247$1,409$862$517$52
39 years$3,346$2,136$1,320$794$469$44
40 years$3,226$2,033$1,237$733$425$37
41 years$3,113$1,935$1,160$676$386$31
42 years$3,005$1,843$1,088$624$350$26
43 years$2,902$1,756$1,021$576$318$22
44 years$2,804$1,674$958$532$288$19
45 years$2,711$1,596$900$491$262$16
46 years$2,622$1,522$845$454$238$13
47 years$2,537$1,453$794$419$216$11
48 years$2,456$1,387$746$387$196$9
49 years$2,378$1,324$701$358$178$8
50 years$2,304$1,265$659$331$162$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,360,000, adding $2,070 every year, while hoping to spend $47,473 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: 82/13/5 Blend
67$2,360,000$2,360,000$2,360,000$2,360,000
68$2,602,855$2,477,775$2,441,195$2,815,891
69$2,817,836$2,548,675$2,472,464$3,026,267
70$3,053,153$2,621,458$2,503,190$3,250,569
71$3,310,831$2,696,167$2,533,304$3,495,312
72$3,593,100$2,772,843$2,562,733$3,762,513
73$3,902,414$2,851,530$2,591,402$4,054,394
74$4,241,476$2,932,271$2,619,231$4,373,398
75$4,613,265$3,015,111$2,646,133$4,722,219
76$5,021,060$3,100,093$2,672,021$5,103,821
77$5,468,473$3,187,263$2,696,798$5,521,470
78$5,959,483$3,276,664$2,720,367$5,978,763
79$6,498,473$3,368,343$2,742,622$6,479,661
80$7,090,270$3,462,345$2,763,452$7,028,527
81$7,740,193$3,558,715$2,782,743$7,630,167
82$8,454,099$3,657,498$2,800,371$8,289,875
83$9,238,442$3,758,741$2,816,209$9,013,482
84$10,100,332$3,862,488$2,830,121$9,807,412
85$11,047,601$3,968,785$2,841,965$10,678,743
86$12,088,879$4,077,678$2,851,593$11,635,270
87$13,233,671$4,189,210$2,858,848$12,685,581
88$14,492,451$4,303,427$2,863,565$13,839,140
89$15,876,758$4,420,373$2,865,572$15,106,370
90$17,399,306$4,540,090$2,864,687$16,498,757
91$19,074,103$4,662,621$2,860,722$18,028,954
92$20,916,581$4,788,009$2,853,475$19,710,904
93$22,943,744$4,916,294$2,842,739$21,559,967
94$25,174,329$5,047,515$2,828,293$23,593,068
95$27,628,978$5,181,711$2,809,909$25,828,855
96$30,330,439$5,318,920$2,787,345$28,287,874
97$33,303,772$5,459,175$2,760,350$30,992,766
98$36,576,593$5,602,512$2,728,659$33,968,475
99$40,179,332$5,748,960$2,691,994$37,242,488
100$44,145,515$5,898,551$2,650,067$40,845,093