Can I retire at age 68 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$173,416$171,871$170,364$168,893$167,457$166,471
2 years$85,850$84,251$82,701$81,199$79,741$78,747
3 years$56,665$55,059$53,513$52,025$50,591$49,619
4 years$42,075$40,474$38,944$37,481$36,082$35,139
5 years$33,323$31,732$30,222$28,789$27,429$26,519
6 years$27,491$25,912$24,424$23,023$21,704$20,827
7 years$23,327$21,761$20,296$18,928$17,651$16,808
8 years$20,205$18,653$17,213$15,878$14,643$13,834
9 years$17,778$16,241$14,825$13,525$12,332$11,556
10 years$15,837$14,315$12,925$11,659$10,507$9,765
11 years$14,251$12,744$11,379$10,146$9,037$8,327
12 years$12,930$11,438$10,099$8,900$7,831$7,154
13 years$11,813$10,337$9,023$7,857$6,829$6,183
14 years$10,856$9,396$8,107$6,975$5,986$5,371
15 years$10,028$8,583$7,319$6,220$5,271$4,686
16 years$9,304$7,875$6,636$5,570$4,658$4,103
17 years$8,666$7,253$6,039$5,004$4,130$3,603
18 years$8,099$6,702$5,512$4,510$3,672$3,173
19 years$7,592$6,211$5,046$4,075$3,273$2,800
20 years$7,137$5,772$4,631$3,691$2,924$2,476
21 years$6,726$5,376$4,260$3,350$2,616$2,194
22 years$6,352$5,018$3,926$3,045$2,345$1,946
23 years$6,012$4,694$3,625$2,774$2,105$1,729
24 years$5,700$4,398$3,353$2,530$1,892$1,538
25 years$5,414$4,127$3,105$2,310$1,703$1,369
26 years$5,150$3,879$2,880$2,112$1,534$1,220
27 years$4,906$3,650$2,674$1,934$1,383$1,088
28 years$4,680$3,440$2,486$1,772$1,248$971
29 years$4,470$3,245$2,313$1,625$1,127$867
30 years$4,275$3,064$2,155$1,491$1,018$775
31 years$4,092$2,897$2,009$1,369$920$692
32 years$3,921$2,741$1,874$1,258$833$619
33 years$3,761$2,596$1,750$1,157$753$554
34 years$3,610$2,460$1,635$1,065$682$496
35 years$3,469$2,334$1,529$980$618$444
36 years$3,335$2,215$1,430$903$560$398
37 years$3,209$2,104$1,339$832$507$356
38 years$3,090$1,999$1,254$767$460$319
39 years$2,978$1,901$1,174$707$417$286
40 years$2,871$1,809$1,101$652$378$256
41 years$2,770$1,722$1,032$602$343$230
42 years$2,674$1,640$968$555$311$206
43 years$2,582$1,562$909$512$283$185
44 years$2,495$1,489$853$473$257$166
45 years$2,412$1,420$801$437$233$149
46 years$2,333$1,355$752$404$211$133
47 years$2,258$1,293$707$373$192$119
48 years$2,185$1,234$664$345$174$107
49 years$2,116$1,179$624$318$158$96
50 years$2,050$1,126$587$294$144$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,100,000, adding $2,569 every year, while hoping to spend $40,763 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: 66/27/7 Blend
67$2,100,000$2,100,000$2,100,000$2,100,000
68$2,316,850$2,205,550$2,173,000$2,466,755
69$2,509,797$2,270,250$2,202,424$2,631,358
70$2,721,059$2,336,755$2,231,467$2,806,064
71$2,952,460$2,405,109$2,260,075$2,995,912
72$3,206,010$2,475,359$2,288,186$3,202,376
73$3,483,923$2,547,551$2,315,741$3,427,072
74$3,788,637$2,621,735$2,342,671$3,671,784
75$4,122,835$2,697,958$2,368,909$3,938,473
76$4,489,477$2,776,270$2,394,380$4,229,298
77$4,891,819$2,856,722$2,419,006$4,546,638
78$5,333,448$2,939,365$2,442,707$4,893,110
79$5,818,318$3,024,252$2,465,396$5,271,599
80$6,350,781$3,111,435$2,486,981$5,685,279
81$6,935,634$3,200,969$2,507,368$6,137,647
82$7,578,159$3,292,907$2,526,456$6,632,554
83$8,284,178$3,387,306$2,544,139$7,174,241
84$9,060,102$3,484,222$2,560,305$7,767,379
85$9,912,994$3,583,710$2,574,837$8,417,115
86$10,850,637$3,685,830$2,587,612$9,129,115
87$11,881,605$3,790,639$2,598,500$9,909,624
88$13,015,345$3,898,196$2,607,365$10,765,518
89$14,262,263$4,008,560$2,614,065$11,704,373
90$15,633,826$4,121,792$2,618,449$12,734,537
91$17,142,668$4,237,952$2,620,359$13,865,204
92$18,802,709$4,357,101$2,619,630$15,106,503
93$20,629,287$4,479,300$2,616,088$16,469,594
94$22,639,299$4,604,610$2,609,552$17,966,774
95$24,851,366$4,733,095$2,599,831$19,611,587
96$27,286,004$4,864,815$2,586,724$21,418,961
97$29,965,819$4,999,833$2,570,021$23,405,338
98$32,915,719$5,138,212$2,549,503$25,588,838
99$36,163,150$5,280,012$2,524,940$27,989,423
100$39,738,355$5,425,297$2,496,089$30,629,090