Can I retire at age 68 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$197,364$195,606$193,891$192,217$190,582$188,279
2 years$97,705$95,885$94,122$92,412$90,753$88,435
3 years$64,490$62,662$60,903$59,209$57,578$55,317
4 years$47,885$46,063$44,322$42,657$41,065$38,879
5 years$37,925$36,114$34,396$32,765$31,217$29,112
6 years$31,287$29,490$27,797$26,202$24,701$22,679
7 years$26,548$24,766$23,099$21,542$20,088$18,151
8 years$22,995$21,229$19,590$18,071$16,665$14,813
9 years$20,233$18,483$16,873$15,393$14,035$12,265
10 years$18,025$16,292$14,710$13,269$11,958$10,271
11 years$16,219$14,504$12,951$11,548$10,284$8,678
12 years$14,715$13,018$11,493$10,129$8,912$7,385
13 years$13,444$11,764$10,268$8,942$7,772$6,322
14 years$12,355$10,694$9,226$7,938$6,813$5,438
15 years$11,413$9,769$8,330$7,079$5,998$4,696
16 years$10,589$8,963$7,552$6,339$5,301$4,070
17 years$9,862$8,254$6,872$5,695$4,701$3,537
18 years$9,217$7,627$6,274$5,133$4,180$3,082
19 years$8,641$7,069$5,743$4,638$3,725$2,690
20 years$8,123$6,569$5,271$4,200$3,327$2,353
21 years$7,655$6,119$4,848$3,812$2,978$2,062
22 years$7,230$5,711$4,468$3,466$2,669$1,808
23 years$6,842$5,342$4,126$3,157$2,396$1,588
24 years$6,488$5,005$3,816$2,879$2,154$1,396
25 years$6,162$4,697$3,534$2,629$1,938$1,229
26 years$5,862$4,414$3,278$2,404$1,746$1,082
27 years$5,584$4,154$3,044$2,201$1,574$954
28 years$5,327$3,915$2,829$2,016$1,420$841
29 years$5,088$3,693$2,633$1,849$1,282$742
30 years$4,865$3,488$2,453$1,697$1,159$655
31 years$4,657$3,297$2,286$1,558$1,047$578
32 years$4,463$3,120$2,133$1,432$948$511
33 years$4,280$2,954$1,992$1,317$858$451
34 years$4,109$2,800$1,861$1,212$776$399
35 years$3,948$2,656$1,740$1,115$703$353
36 years$3,796$2,521$1,628$1,027$637$312
37 years$3,653$2,394$1,523$947$577$276
38 years$3,517$2,275$1,427$872$524$244
39 years$3,389$2,164$1,337$804$475$216
40 years$3,268$2,058$1,253$742$431$191
41 years$3,152$1,959$1,175$685$391$169
42 years$3,043$1,866$1,102$632$354$150
43 years$2,939$1,778$1,034$583$322$132
44 years$2,840$1,695$971$538$292$117
45 years$2,745$1,616$911$497$265$104
46 years$2,655$1,542$856$459$241$92
47 years$2,569$1,471$804$424$219$81
48 years$2,487$1,405$756$392$198$72
49 years$2,409$1,341$710$362$180$64
50 years$2,333$1,281$668$335$164$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,390,000, adding $6,176 every year, while hoping to spend $56,989 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: 56/36/8 Blend
67$2,390,000$2,390,000$2,390,000$2,390,000
68$2,640,151$2,513,481$2,476,436$2,782,739
69$2,848,810$2,576,005$2,498,760$2,942,153
70$3,076,843$2,639,684$2,519,923$3,108,822
71$3,326,165$2,704,512$2,539,824$3,288,963
72$3,598,885$2,770,485$2,558,360$3,483,869
73$3,897,327$2,837,594$2,575,420$3,694,959
74$4,224,047$2,905,829$2,590,890$3,923,799
75$4,581,863$2,975,177$2,604,648$4,172,113
76$4,973,875$3,045,623$2,616,565$4,441,798
77$5,403,499$3,117,147$2,626,509$4,734,944
78$5,874,497$3,189,729$2,634,338$5,053,853
79$6,391,011$3,263,341$2,639,904$5,401,059
80$6,957,606$3,337,956$2,643,052$5,779,356
81$7,579,306$3,413,541$2,643,620$6,191,818
82$8,261,649$3,490,058$2,641,434$6,641,836
83$9,010,732$3,567,466$2,636,317$7,133,141
84$9,833,274$3,645,718$2,628,081$7,669,846
85$10,736,673$3,724,764$2,616,526$8,256,482
86$11,729,081$3,804,545$2,601,448$8,898,042
87$12,819,479$3,884,999$2,582,628$9,600,026
88$14,017,760$3,966,058$2,559,840$10,368,494
89$15,334,822$4,047,646$2,532,845$11,210,125
90$16,782,673$4,129,679$2,501,395$12,132,277
91$18,374,541$4,212,069$2,465,227$13,143,057
92$20,125,001$4,294,717$2,424,069$14,251,402
93$22,050,109$4,377,517$2,377,634$15,467,156
94$24,167,559$4,460,353$2,325,622$16,801,170
95$26,496,840$4,543,101$2,267,721$18,265,399
96$29,059,431$4,625,626$2,203,603$19,873,019
97$31,878,992$4,707,782$2,132,923$21,638,551
98$34,981,598$4,789,411$2,055,325$23,577,994
99$38,395,974$4,870,345$1,970,431$25,708,982
100$42,153,773$4,950,402$1,877,850$28,050,948