Can I retire at age 68 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$181,674$180,056$178,477$176,936$175,431$172,100
2 years$89,938$88,263$86,639$85,065$83,539$80,196
3 years$59,363$57,681$56,061$54,502$53,000$49,750
4 years$44,078$42,401$40,798$39,266$37,800$34,667
5 years$34,910$33,243$31,661$30,160$28,735$25,728
6 years$28,800$27,146$25,587$24,119$22,737$19,860
7 years$24,437$22,797$21,263$19,830$18,491$15,744
8 years$21,167$19,541$18,033$16,635$15,340$12,723
9 years$18,624$17,014$15,531$14,169$12,919$10,429
10 years$16,592$14,997$13,541$12,214$11,007$8,643
11 years$14,930$13,351$11,921$10,630$9,467$7,226
12 years$13,546$11,983$10,580$9,324$8,204$6,082
13 years$12,375$10,829$9,452$8,231$7,154$5,149
14 years$11,373$9,843$8,493$7,307$6,271$4,378
15 years$10,505$8,992$7,668$6,516$5,521$3,738
16 years$9,747$8,250$6,952$5,835$4,880$3,201
17 years$9,078$7,598$6,326$5,243$4,327$2,748
18 years$8,485$7,021$5,775$4,725$3,847$2,365
19 years$7,954$6,507$5,287$4,269$3,429$2,039
20 years$7,477$6,047$4,852$3,866$3,063$1,761
21 years$7,046$5,632$4,463$3,509$2,741$1,523
22 years$6,655$5,257$4,113$3,191$2,457$1,319
23 years$6,298$4,917$3,798$2,906$2,205$1,143
24 years$5,972$4,607$3,512$2,650$1,982$992
25 years$5,672$4,323$3,253$2,420$1,784$861
26 years$5,396$4,063$3,017$2,213$1,607$748
27 years$5,140$3,824$2,802$2,026$1,449$651
28 years$4,903$3,603$2,604$1,856$1,307$566
29 years$4,683$3,399$2,424$1,702$1,180$492
30 years$4,478$3,210$2,258$1,562$1,066$428
31 years$4,287$3,035$2,105$1,434$964$373
32 years$4,108$2,872$1,964$1,318$872$325
33 years$3,940$2,719$1,833$1,212$789$283
34 years$3,782$2,577$1,713$1,115$715$247
35 years$3,634$2,445$1,602$1,027$647$215
36 years$3,494$2,320$1,498$946$586$187
37 years$3,362$2,204$1,402$871$532$163
38 years$3,238$2,094$1,313$803$482$142
39 years$3,120$1,992$1,230$740$437$124
40 years$3,008$1,895$1,153$683$396$108
41 years$2,902$1,804$1,081$630$360$94
42 years$2,801$1,718$1,014$582$326$82
43 years$2,705$1,637$952$537$296$72
44 years$2,614$1,560$893$496$269$63
45 years$2,527$1,488$839$458$244$55
46 years$2,444$1,419$788$423$222$48
47 years$2,365$1,354$740$391$201$42
48 years$2,289$1,293$696$361$183$36
49 years$2,217$1,235$654$334$166$32
50 years$2,148$1,179$615$308$151$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,200,000, adding $3,000 every year, while hoping to spend $35,221 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: 51/24/25 Blend
67$2,200,000$2,200,000$2,200,000$2,200,000
68$2,427,495$2,310,895$2,276,795$2,534,135
69$2,637,624$2,386,653$2,315,592$2,684,256
70$2,868,006$2,464,944$2,354,509$2,843,587
71$3,120,670$2,545,853$2,393,512$3,016,124
72$3,397,849$2,629,471$2,432,566$3,203,137
73$3,702,006$2,715,891$2,471,632$3,406,023
74$4,035,849$2,805,209$2,510,671$3,626,320
75$4,402,366$2,897,524$2,549,639$3,865,719
76$4,804,847$2,992,942$2,588,491$4,126,084
77$5,246,913$3,091,568$2,627,178$4,409,466
78$5,732,557$3,193,514$2,665,647$4,718,122
79$6,266,177$3,298,895$2,703,845$5,054,540
80$6,852,616$3,407,830$2,741,713$5,421,456
81$7,497,211$3,520,442$2,779,189$5,821,885
82$8,205,842$3,636,859$2,816,207$6,259,148
83$8,984,988$3,757,215$2,852,699$6,736,900
84$9,841,783$3,881,645$2,888,592$7,259,168
85$10,784,092$4,010,293$2,923,807$7,830,387
86$11,820,578$4,143,306$2,958,263$8,455,442
87$12,960,785$4,280,836$2,991,873$9,139,714
88$14,215,231$4,423,042$3,024,546$9,889,130
89$15,595,502$4,570,088$3,056,185$10,710,219
90$17,114,365$4,722,145$3,086,690$11,610,173
91$18,785,888$4,879,388$3,115,952$12,596,914
92$20,625,572$5,042,001$3,143,859$13,679,171
93$22,650,494$5,210,173$3,170,292$14,866,560
94$24,879,473$5,384,100$3,195,126$16,169,674
95$27,333,245$5,563,987$3,218,228$17,600,185
96$30,034,657$5,750,044$3,239,460$19,170,952
97$33,008,887$5,942,490$3,258,677$20,896,140
98$36,283,674$6,141,553$3,275,724$22,791,360
99$39,889,589$6,347,469$3,290,440$24,873,809
100$43,860,313$6,560,481$3,302,656$27,162,436