Can I retire at age 68 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$170,939$169,416$167,930$166,481$165,065$164,162
2 years$84,623$83,047$81,520$80,039$78,602$77,691
3 years$55,855$54,272$52,749$51,282$49,868$48,978
4 years$41,474$39,896$38,387$36,945$35,567$34,703
5 years$32,847$31,279$29,790$28,378$27,037$26,203
6 years$27,098$25,541$24,075$22,694$21,394$20,590
7 years$22,993$21,450$20,006$18,658$17,399$16,626
8 years$19,916$18,386$16,967$15,652$14,434$13,692
9 years$17,524$16,009$14,614$13,332$12,155$11,444
10 years$15,611$14,111$12,741$11,492$10,357$9,676
11 years$14,047$12,562$11,217$10,002$8,907$8,257
12 years$12,745$11,275$9,954$8,773$7,719$7,098
13 years$11,644$10,189$8,894$7,745$6,731$6,139
14 years$10,701$9,262$7,991$6,875$5,900$5,336
15 years$9,885$8,461$7,215$6,131$5,195$4,658
16 years$9,171$7,763$6,541$5,490$4,592$4,081
17 years$8,542$7,149$5,952$4,933$4,071$3,587
18 years$7,983$6,606$5,434$4,445$3,620$3,161
19 years$7,484$6,122$4,974$4,017$3,226$2,791
20 years$7,035$5,689$4,565$3,638$2,882$2,470
21 years$6,630$5,299$4,199$3,302$2,579$2,190
22 years$6,262$4,947$3,870$3,002$2,312$1,944
23 years$5,926$4,627$3,573$2,734$2,075$1,728
24 years$5,619$4,335$3,305$2,494$1,865$1,538
25 years$5,337$4,068$3,061$2,277$1,678$1,371
26 years$5,077$3,823$2,839$2,082$1,512$1,222
27 years$4,836$3,598$2,636$1,906$1,363$1,091
28 years$4,614$3,391$2,451$1,746$1,230$974
29 years$4,407$3,199$2,280$1,601$1,111$871
30 years$4,214$3,021$2,124$1,470$1,003$779
31 years$4,034$2,856$1,980$1,350$907$697
32 years$3,865$2,702$1,848$1,240$821$624
33 years$3,707$2,559$1,725$1,141$743$558
34 years$3,559$2,425$1,612$1,050$672$500
35 years$3,419$2,300$1,507$966$609$448
36 years$3,288$2,183$1,410$890$552$402
37 years$3,164$2,074$1,320$820$500$360
38 years$3,046$1,971$1,236$756$453$323
39 years$2,935$1,874$1,158$697$411$290
40 years$2,830$1,783$1,085$643$373$260
41 years$2,730$1,697$1,017$593$338$233
42 years$2,635$1,616$954$547$307$209
43 years$2,545$1,540$896$505$279$188
44 years$2,459$1,468$841$466$253$168
45 years$2,378$1,400$789$431$230$151
46 years$2,300$1,335$741$398$208$136
47 years$2,225$1,274$697$368$189$122
48 years$2,154$1,217$655$340$172$109
49 years$2,086$1,162$615$314$156$98
50 years$2,021$1,110$578$290$142$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,070,000, adding $4,111 every year, while hoping to spend $43,855 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: 43/41/16 Blend
67$2,070,000$2,070,000$2,070,000$2,070,000
68$2,285,380$2,175,670$2,143,585$2,372,854
69$2,471,828$2,235,617$2,168,734$2,494,673
70$2,675,823$2,297,031$2,193,256$2,621,908
71$2,899,110$2,359,938$2,217,082$2,758,816
72$3,143,608$2,424,364$2,240,143$2,906,304
73$3,411,431$2,490,333$2,262,364$3,065,374
74$3,704,909$2,557,871$2,283,665$3,237,126
75$4,026,605$2,627,002$2,303,963$3,422,773
76$4,379,343$2,697,750$2,323,170$3,623,649
77$4,766,235$2,770,139$2,341,195$3,841,222
78$5,190,706$2,844,190$2,357,940$4,077,110
79$5,656,530$2,919,927$2,373,303$4,333,094
80$6,167,863$2,997,371$2,387,176$4,611,135
81$6,729,285$3,076,542$2,399,446$4,913,394
82$7,345,840$3,157,460$2,409,995$5,242,249
83$8,023,083$3,240,144$2,418,698$5,600,320
84$8,767,137$3,324,610$2,425,423$5,990,494
85$9,584,743$3,410,874$2,430,033$6,415,951
86$10,483,331$3,498,951$2,432,383$6,880,193
87$11,471,084$3,588,853$2,432,321$7,387,078
88$12,557,020$3,680,592$2,429,689$7,940,859
89$13,751,071$3,774,176$2,424,319$8,546,217
90$15,064,183$3,869,613$2,416,037$9,208,315
91$16,508,413$3,966,908$2,404,657$9,932,836
92$18,097,046$4,066,061$2,389,988$10,726,047
93$19,844,720$4,167,074$2,371,828$11,594,850
94$21,767,563$4,269,942$2,349,966$12,546,850
95$23,883,345$4,374,659$2,324,180$13,590,429
96$26,211,644$4,481,216$2,294,238$14,734,823
97$28,774,034$4,589,597$2,259,897$15,990,208
98$31,594,285$4,699,787$2,220,903$17,367,798
99$34,698,589$4,811,763$2,176,990$18,879,952
100$38,115,804$4,925,499$2,127,879$20,540,288