Can I retire at age 68 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$167,636$166,142$164,685$163,264$161,875$160,586
2 years$82,988$81,442$79,944$78,492$77,083$75,784
3 years$54,776$53,223$51,729$50,291$48,905$47,635
4 years$40,672$39,125$37,646$36,232$34,879$33,649
5 years$32,213$30,674$29,215$27,829$26,515$25,328
6 years$26,575$25,048$23,610$22,255$20,980$19,838
7 years$22,549$21,035$19,620$18,297$17,063$15,966
8 years$19,531$18,031$16,639$15,349$14,155$13,104
9 years$17,185$15,699$14,331$13,074$11,921$10,914
10 years$15,310$13,838$12,494$11,270$10,157$9,195
11 years$13,776$12,319$11,000$9,808$8,735$7,817
12 years$12,499$11,057$9,762$8,603$7,570$6,695
13 years$11,419$9,992$8,722$7,595$6,601$5,768
14 years$10,494$9,083$7,837$6,742$5,786$4,994
15 years$9,694$8,297$7,075$6,013$5,095$4,342
16 years$8,994$7,613$6,415$5,384$4,503$3,789
17 years$8,377$7,011$5,837$4,837$3,993$3,316
18 years$7,829$6,478$5,329$4,359$3,550$2,910
19 years$7,339$6,004$4,878$3,939$3,164$2,559
20 years$6,899$5,579$4,477$3,568$2,826$2,255
21 years$6,502$5,197$4,118$3,238$2,529$1,990
22 years$6,141$4,851$3,795$2,944$2,267$1,759
23 years$5,812$4,537$3,504$2,681$2,035$1,557
24 years$5,510$4,251$3,241$2,445$1,829$1,379
25 years$5,234$3,989$3,002$2,233$1,646$1,223
26 years$4,979$3,749$2,784$2,042$1,483$1,086
27 years$4,743$3,529$2,585$1,869$1,337$964
28 years$4,524$3,325$2,403$1,712$1,206$857
29 years$4,321$3,137$2,236$1,570$1,089$762
30 years$4,132$2,962$2,083$1,441$984$678
31 years$3,956$2,800$1,942$1,324$890$604
32 years$3,790$2,650$1,812$1,216$805$538
33 years$3,635$2,509$1,692$1,119$728$479
34 years$3,490$2,378$1,581$1,029$659$427
35 years$3,353$2,256$1,478$947$597$381
36 years$3,224$2,141$1,383$873$541$340
37 years$3,102$2,034$1,294$804$490$303
38 years$2,987$1,933$1,212$741$445$270
39 years$2,878$1,838$1,135$683$403$241
40 years$2,775$1,748$1,064$630$366$215
41 years$2,677$1,664$998$581$332$192
42 years$2,584$1,585$936$537$301$172
43 years$2,496$1,510$878$495$273$153
44 years$2,412$1,440$824$457$248$137
45 years$2,332$1,373$774$422$225$122
46 years$2,255$1,310$727$390$204$109
47 years$2,182$1,250$683$360$186$97
48 years$2,113$1,193$642$333$169$87
49 years$2,046$1,139$603$308$153$78
50 years$1,982$1,088$567$285$139$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,030,000, adding $5,279 every year, while hoping to spend $46,661 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: 72/19/9 Blend
67$2,030,000$2,030,000$2,030,000$2,030,000
68$2,242,505$2,134,915$2,103,450$2,399,989
69$2,421,594$2,189,879$2,124,269$2,559,701
70$2,617,386$2,245,972$2,144,221$2,728,220
71$2,831,535$2,303,201$2,163,229$2,911,447
72$3,065,864$2,361,570$2,181,209$3,110,822
73$3,322,377$2,421,083$2,198,075$3,327,927
74$3,603,285$2,481,741$2,213,736$3,564,509
75$3,911,019$2,543,545$2,228,095$3,822,488
76$4,248,259$2,606,495$2,241,052$4,103,981
77$4,617,953$2,670,585$2,252,499$4,411,317
78$5,023,353$2,735,812$2,262,326$4,747,063
79$5,468,035$2,802,167$2,270,414$5,114,047
80$5,955,943$2,869,641$2,276,641$5,515,382
81$6,491,417$2,938,222$2,280,877$5,954,501
82$7,079,241$3,007,894$2,282,986$6,435,181
83$7,724,683$3,078,640$2,282,825$6,961,586
84$8,433,545$3,150,438$2,280,244$7,538,303
85$9,212,221$3,223,264$2,275,087$8,170,385
86$10,067,754$3,297,090$2,267,188$8,863,398
87$11,007,901$3,371,883$2,256,375$9,623,477
88$12,041,210$3,447,609$2,242,467$10,457,379
89$13,177,097$3,524,226$2,225,273$11,372,551
90$14,425,937$3,601,689$2,204,596$12,377,195
91$15,799,159$3,679,948$2,180,226$13,480,353
92$17,309,356$3,758,948$2,151,946$14,691,984
93$18,970,401$3,838,627$2,119,527$16,023,063
94$20,797,581$3,918,919$2,082,730$17,485,683
95$22,807,737$3,999,749$2,041,305$19,093,170
96$25,019,427$4,081,037$1,994,989$20,860,206
97$27,453,096$4,162,695$1,943,509$22,802,973
98$30,131,272$4,244,628$1,886,577$24,939,300
99$33,078,778$4,326,731$1,823,893$27,288,832
100$36,322,964$4,408,892$1,755,145$29,873,220