Can I retire at age 68 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$180,022$178,419$176,854$175,327$173,836$172,524
2 years$89,120$87,460$85,852$84,292$82,779$81,456
3 years$58,823$57,156$55,552$54,007$52,519$51,226
4 years$43,678$42,016$40,427$38,909$37,457$36,204
5 years$34,593$32,941$31,373$29,886$28,474$27,265
6 years$28,538$26,899$25,354$23,900$22,530$21,367
7 years$24,215$22,590$21,070$19,649$18,323$17,206
8 years$20,974$19,363$17,869$16,483$15,201$14,129
9 years$18,455$16,859$15,390$14,040$12,801$11,775
10 years$16,441$14,861$13,418$12,103$10,907$9,927
11 years$14,794$13,230$11,813$10,533$9,381$8,444
12 years$13,422$11,874$10,483$9,239$8,129$7,236
13 years$12,263$10,731$9,366$8,157$7,089$6,238
14 years$11,270$9,754$8,416$7,240$6,214$5,405
15 years$10,410$8,910$7,598$6,457$5,471$4,703
16 years$9,658$8,175$6,889$5,782$4,836$4,106
17 years$8,996$7,529$6,269$5,195$4,288$3,596
18 years$8,407$6,957$5,722$4,682$3,812$3,158
19 years$7,882$6,448$5,239$4,230$3,398$2,779
20 years$7,409$5,992$4,808$3,831$3,035$2,451
21 years$6,982$5,581$4,422$3,477$2,716$2,164
22 years$6,594$5,210$4,076$3,162$2,435$1,914
23 years$6,241$4,872$3,763$2,879$2,185$1,696
24 years$5,918$4,565$3,480$2,626$1,964$1,503
25 years$5,620$4,284$3,223$2,398$1,768$1,334
26 years$5,347$4,026$2,990$2,193$1,592$1,185
27 years$5,093$3,789$2,776$2,007$1,435$1,054
28 years$4,859$3,571$2,581$1,839$1,295$937
29 years$4,641$3,369$2,402$1,686$1,170$834
30 years$4,438$3,181$2,237$1,548$1,057$743
31 years$4,248$3,007$2,086$1,421$955$662
32 years$4,070$2,846$1,946$1,306$864$590
33 years$3,904$2,695$1,817$1,201$782$526
34 years$3,748$2,554$1,698$1,105$708$469
35 years$3,601$2,422$1,587$1,017$641$419
36 years$3,462$2,299$1,485$937$581$374
37 years$3,332$2,184$1,390$863$527$334
38 years$3,208$2,075$1,301$796$478$298
39 years$3,091$1,973$1,219$734$433$266
40 years$2,980$1,878$1,143$677$393$238
41 years$2,875$1,787$1,072$624$356$212
42 years$2,775$1,702$1,005$576$323$190
43 years$2,681$1,622$943$532$293$170
44 years$2,590$1,546$885$491$266$152
45 years$2,504$1,474$831$454$242$135
46 years$2,422$1,406$781$419$220$121
47 years$2,344$1,342$734$387$199$108
48 years$2,269$1,281$689$358$181$97
49 years$2,197$1,223$648$331$164$86
50 years$2,128$1,169$609$306$149$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,180,000, adding $2,284 every year, while hoping to spend $31,604 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: 50/27/23 Blend
67$2,180,000$2,180,000$2,180,000$2,180,000
68$2,404,716$2,289,176$2,255,386$2,509,309
69$2,616,371$2,367,719$2,297,315$2,660,731
70$2,848,555$2,449,052$2,339,589$2,821,826
71$3,103,329$2,533,277$2,382,187$2,996,266
72$3,382,963$2,620,502$2,425,085$3,185,327
73$3,689,958$2,710,839$2,468,258$3,390,413
74$4,027,067$2,804,403$2,511,678$3,613,068
75$4,397,324$2,901,315$2,555,315$3,854,990
76$4,804,071$3,001,700$2,599,138$4,118,048
77$5,250,990$3,105,688$2,643,114$4,404,301
78$5,742,138$3,213,413$2,687,205$4,716,013
79$6,281,983$3,325,017$2,731,373$5,055,676
80$6,875,447$3,440,645$2,775,576$5,426,036
81$7,527,955$3,560,449$2,819,770$5,830,112
82$8,245,482$3,684,586$2,863,907$6,271,231
83$9,034,611$3,813,221$2,907,939$6,753,055
84$9,902,596$3,946,524$2,951,809$7,279,616
85$10,857,429$4,084,672$2,995,463$7,855,355
86$11,907,916$4,227,849$3,038,840$8,485,161
87$13,063,757$4,376,248$3,081,875$9,174,419
88$14,335,643$4,530,066$3,124,501$9,929,060
89$15,735,352$4,689,513$3,166,645$10,755,615
90$17,275,862$4,854,803$3,208,231$11,661,278
91$18,971,472$5,026,160$3,249,179$12,653,972
92$20,837,938$5,203,819$3,289,403$13,742,426
93$22,892,623$5,388,021$3,328,813$14,936,252
94$25,154,656$5,579,019$3,367,313$16,246,040
95$27,645,116$5,777,076$3,404,803$17,683,456
96$30,387,230$5,982,465$3,441,177$19,261,351
97$33,406,593$6,195,472$3,476,322$20,993,880
98$36,731,407$6,416,391$3,510,120$22,896,639
99$40,392,748$6,645,532$3,542,447$24,986,809
100$44,424,860$6,883,215$3,573,171$27,283,318