Can I retire at age 68 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$175,893$174,327$172,798$171,306$169,849$165,341
2 years$87,076$85,454$83,883$82,359$80,881$76,370
3 years$57,474$55,845$54,278$52,768$51,314$46,942
4 years$42,676$41,052$39,500$38,016$36,598$32,398
5 years$33,799$32,185$30,654$29,200$27,821$23,806
6 years$27,884$26,282$24,773$23,352$22,014$18,186
7 years$23,660$22,071$20,586$19,199$17,903$14,264
8 years$20,493$18,919$17,459$16,105$14,852$11,400
9 years$18,032$16,473$15,037$13,718$12,508$9,238
10 years$16,064$14,520$13,110$11,825$10,657$7,567
11 years$14,455$12,926$11,542$10,291$9,166$6,250
12 years$13,115$11,602$10,243$9,027$7,943$5,196
13 years$11,982$10,485$9,151$7,969$6,926$4,343
14 years$11,011$9,530$8,223$7,074$6,071$3,646
15 years$10,171$8,706$7,424$6,309$5,346$3,071
16 years$9,437$7,988$6,731$5,649$4,725$2,595
17 years$8,789$7,356$6,125$5,076$4,189$2,198
18 years$8,215$6,798$5,591$4,574$3,725$1,865
19 years$7,701$6,300$5,118$4,133$3,320$1,586
20 years$7,239$5,854$4,697$3,743$2,966$1,350
21 years$6,822$5,453$4,321$3,397$2,654$1,151
22 years$6,443$5,090$3,982$3,089$2,379$982
23 years$6,098$4,761$3,677$2,813$2,135$839
24 years$5,782$4,460$3,400$2,566$1,919$717
25 years$5,491$4,186$3,150$2,343$1,727$613
26 years$5,224$3,934$2,921$2,143$1,556$524
27 years$4,977$3,702$2,712$1,961$1,403$449
28 years$4,747$3,489$2,522$1,797$1,266$384
29 years$4,534$3,291$2,347$1,648$1,143$329
30 years$4,336$3,108$2,186$1,512$1,033$282
31 years$4,150$2,938$2,038$1,389$934$242
32 years$3,977$2,780$1,901$1,276$844$207
33 years$3,815$2,633$1,775$1,174$764$178
34 years$3,662$2,495$1,659$1,080$692$152
35 years$3,518$2,367$1,551$994$627$131
36 years$3,383$2,247$1,451$916$568$112
37 years$3,255$2,134$1,358$844$515$96
38 years$3,135$2,028$1,271$778$467$83
39 years$3,020$1,928$1,191$717$423$71
40 years$2,912$1,835$1,117$661$384$61
41 years$2,809$1,746$1,047$610$348$52
42 years$2,712$1,663$982$563$316$45
43 years$2,619$1,585$922$520$287$38
44 years$2,531$1,510$865$480$260$33
45 years$2,447$1,440$812$443$236$28
46 years$2,366$1,374$763$409$215$24
47 years$2,290$1,311$717$378$195$21
48 years$2,217$1,252$674$350$177$18
49 years$2,147$1,195$633$323$161$15
50 years$2,080$1,142$595$299$146$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,130,000, adding $3,161 every year, while hoping to spend $51,777 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: 56/35/9 Blend
67$2,130,000$2,130,000$2,130,000$2,130,000
68$2,350,521$2,237,631$2,204,616$2,476,910
69$2,535,183$2,292,184$2,223,380$2,617,153
70$2,736,946$2,347,675$2,241,037$2,763,815
71$2,957,499$2,404,096$2,257,496$2,922,307
72$3,198,702$2,461,435$2,272,661$3,093,763
73$3,462,603$2,519,678$2,286,428$3,279,434
74$3,751,457$2,578,811$2,298,692$3,480,695
75$4,067,748$2,638,815$2,309,341$3,699,062
76$4,414,211$2,699,669$2,318,256$3,936,204
77$4,793,856$2,761,349$2,325,313$4,193,960
78$5,210,002$2,823,827$2,330,383$4,474,354
79$5,666,300$2,887,073$2,333,329$4,779,616
80$6,166,774$2,951,051$2,334,007$5,112,204
81$6,715,856$3,015,723$2,332,267$5,474,825
82$7,318,426$3,081,046$2,327,951$5,870,459
83$7,979,861$3,146,974$2,320,893$6,302,394
84$8,706,084$3,213,452$2,310,920$6,774,247
85$9,503,618$3,280,425$2,297,850$7,290,008
86$10,379,650$3,347,829$2,281,491$7,854,072
87$11,342,098$3,415,596$2,261,644$8,471,279
88$12,399,682$3,483,651$2,238,100$9,146,966
89$13,562,012$3,551,912$2,210,638$9,887,013
90$14,839,673$3,620,291$2,179,030$10,697,898
91$16,244,327$3,688,692$2,143,035$11,586,760
92$17,788,822$3,757,012$2,102,400$12,561,468
93$19,487,314$3,825,138$2,056,863$13,630,692
94$21,355,399$3,892,949$2,006,147$14,803,987
95$23,410,261$3,960,315$1,949,964$16,091,882
96$25,670,833$4,027,095$1,888,013$17,505,982
97$28,157,973$4,093,138$1,819,976$19,059,075
98$30,894,666$4,158,282$1,745,525$20,765,255
99$33,906,236$4,222,352$1,664,315$22,640,055
100$37,220,586$4,285,161$1,575,983$24,700,591