Can I retire at age 68 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$172,590$171,053$169,553$168,089$166,660$162,367
2 years$85,441$83,849$82,307$80,812$79,362$75,066
3 years$56,395$54,797$53,258$51,777$50,350$46,185
4 years$41,874$40,281$38,758$37,302$35,910$31,908
5 years$33,165$31,581$30,078$28,652$27,298$23,470
6 years$27,360$25,788$24,308$22,913$21,600$17,950
7 years$23,215$21,657$20,200$18,838$17,567$14,094
8 years$20,108$18,564$17,131$15,803$14,573$11,277
9 years$17,693$16,163$14,755$13,461$12,273$9,150
10 years$15,762$14,247$12,864$11,603$10,457$7,504
11 years$14,183$12,683$11,325$10,098$8,993$6,206
12 years$12,868$11,384$10,051$8,857$7,794$5,166
13 years$11,757$10,288$8,980$7,820$6,796$4,324
14 years$10,804$9,351$8,068$6,942$5,957$3,635
15 years$9,980$8,543$7,284$6,191$5,245$3,066
16 years$9,259$7,838$6,604$5,543$4,636$2,594
17 years$8,624$7,218$6,010$4,980$4,111$2,200
18 years$8,060$6,670$5,486$4,488$3,655$1,870
19 years$7,556$6,182$5,022$4,056$3,258$1,592
20 years$7,103$5,744$4,609$3,673$2,910$1,358
21 years$6,694$5,351$4,240$3,334$2,604$1,159
22 years$6,322$4,995$3,907$3,031$2,334$991
23 years$5,983$4,671$3,608$2,760$2,095$847
24 years$5,673$4,377$3,337$2,518$1,883$725
25 years$5,388$4,107$3,090$2,299$1,695$621
26 years$5,126$3,860$2,866$2,102$1,526$532
27 years$4,883$3,633$2,662$1,924$1,376$457
28 years$4,658$3,423$2,474$1,763$1,242$392
29 years$4,449$3,229$2,302$1,617$1,121$336
30 years$4,254$3,050$2,145$1,484$1,013$288
31 years$4,072$2,883$1,999$1,363$916$248
32 years$3,902$2,728$1,865$1,252$829$213
33 years$3,743$2,584$1,742$1,152$750$183
34 years$3,593$2,449$1,627$1,060$679$157
35 years$3,452$2,322$1,522$975$615$135
36 years$3,319$2,204$1,423$898$557$116
37 years$3,194$2,094$1,332$828$505$100
38 years$3,076$1,990$1,248$763$458$86
39 years$2,964$1,892$1,169$703$415$73
40 years$2,857$1,800$1,096$649$377$63
41 years$2,757$1,714$1,027$599$342$54
42 years$2,661$1,632$964$552$310$47
43 years$2,570$1,555$904$510$281$40
44 years$2,483$1,482$849$471$255$34
45 years$2,401$1,413$797$435$232$30
46 years$2,322$1,348$749$402$210$25
47 years$2,247$1,287$703$371$191$22
48 years$2,175$1,228$661$343$174$19
49 years$2,106$1,173$621$317$158$16
50 years$2,041$1,120$584$293$143$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,090,000, adding $3,938 every year, while hoping to spend $31,228 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: 34/48/18 Blend
67$2,090,000$2,090,000$2,090,000$2,090,000
68$2,307,242$2,196,472$2,164,077$2,372,767
69$2,509,354$2,270,873$2,203,347$2,495,658
70$2,731,036$2,347,873$2,242,886$2,624,911
71$2,974,249$2,427,566$2,282,671$2,763,635
72$3,241,156$2,510,050$2,322,674$2,912,686
73$3,534,139$2,595,428$2,362,869$3,073,001
74$3,855,821$2,683,804$2,403,225$3,245,612
75$4,209,093$2,775,289$2,443,711$3,431,650
76$4,597,138$2,869,995$2,484,293$3,632,360
77$5,023,463$2,968,042$2,524,933$3,849,108
78$5,491,932$3,069,552$2,565,594$4,083,396
79$6,006,801$3,174,652$2,606,234$4,336,876
80$6,572,759$3,283,474$2,646,807$4,611,364
81$7,194,973$3,396,157$2,687,268$4,908,855
82$7,879,135$3,512,843$2,727,566$5,231,544
83$8,631,514$3,633,680$2,767,647$5,581,846
84$9,459,021$3,758,822$2,807,455$5,962,417
85$10,369,266$3,888,430$2,846,930$6,376,179
86$11,370,638$4,022,669$2,886,009$6,826,345
87$12,472,376$4,161,713$2,924,623$7,316,453
88$13,684,662$4,305,741$2,962,702$7,850,395
89$15,018,715$4,454,940$3,000,170$8,432,453
90$16,486,895$4,609,503$3,036,946$9,067,343
91$18,102,822$4,769,632$3,072,948$9,760,253
92$19,881,503$4,935,537$3,108,084$10,516,895
93$21,839,473$5,107,436$3,142,262$11,343,557
94$23,994,953$5,285,554$3,175,382$12,247,161
95$26,368,019$5,470,127$3,207,338$13,235,329
96$28,980,794$5,661,400$3,238,021$14,316,452
97$31,857,654$5,859,628$3,267,314$15,499,770
98$35,025,460$6,065,074$3,295,094$16,795,458
99$38,513,809$6,278,015$3,321,231$18,214,720
100$42,355,315$6,498,736$3,345,591$19,769,895