Can I retire at age 68 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$184,151$182,511$180,911$179,349$177,823$171,106
2 years$91,164$89,466$87,821$86,225$84,678$77,988
3 years$60,172$58,467$56,826$55,245$53,723$47,272
4 years$44,679$42,980$41,355$39,801$38,316$32,152
5 years$35,386$33,696$32,093$30,571$29,127$23,266
6 years$29,193$27,516$25,936$24,448$23,047$17,494
7 years$24,771$23,108$21,553$20,100$18,744$13,496
8 years$21,455$19,808$18,278$16,861$15,550$10,603
9 years$18,878$17,246$15,743$14,362$13,095$8,442
10 years$16,818$15,202$13,725$12,380$11,158$6,790
11 years$15,133$13,533$12,084$10,775$9,596$5,504
12 years$13,730$12,147$10,724$9,451$8,316$4,488
13 years$12,544$10,977$9,581$8,344$7,251$3,678
14 years$11,528$9,978$8,609$7,407$6,357$3,026
15 years$10,649$9,115$7,772$6,605$5,597$2,498
16 years$9,880$8,363$7,047$5,914$4,946$2,066
17 years$9,202$7,702$6,412$5,314$4,386$1,713
18 years$8,600$7,117$5,854$4,789$3,900$1,423
19 years$8,062$6,596$5,359$4,327$3,476$1,184
20 years$7,579$6,129$4,918$3,919$3,105$986
21 years$7,142$5,709$4,524$3,557$2,778$821
22 years$6,746$5,329$4,169$3,234$2,490$685
23 years$6,384$4,984$3,850$2,945$2,236$572
24 years$6,053$4,670$3,560$2,686$2,009$478
25 years$5,749$4,382$3,297$2,453$1,808$399
26 years$5,469$4,119$3,058$2,243$1,629$334
27 years$5,210$3,876$2,840$2,053$1,468$279
28 years$4,970$3,653$2,640$1,881$1,325$233
29 years$4,747$3,446$2,457$1,725$1,196$195
30 years$4,539$3,254$2,288$1,583$1,081$163
31 years$4,345$3,076$2,133$1,454$977$137
32 years$4,164$2,911$1,990$1,336$884$114
33 years$3,994$2,757$1,858$1,229$800$96
34 years$3,834$2,613$1,736$1,131$724$80
35 years$3,683$2,478$1,623$1,041$656$67
36 years$3,542$2,352$1,519$959$594$56
37 years$3,408$2,234$1,421$883$539$47
38 years$3,282$2,123$1,331$814$488$39
39 years$3,162$2,019$1,247$751$443$33
40 years$3,049$1,921$1,169$692$402$28
41 years$2,941$1,828$1,096$639$365$23
42 years$2,839$1,741$1,028$589$331$19
43 years$2,742$1,659$965$544$300$16
44 years$2,650$1,581$906$502$272$14
45 years$2,561$1,508$850$464$247$11
46 years$2,477$1,439$799$429$225$10
47 years$2,397$1,373$750$396$204$8
48 years$2,321$1,311$705$366$185$7
49 years$2,247$1,252$663$338$168$6
50 years$2,177$1,195$623$313$153$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,230,000, adding $5,269 every year, while hoping to spend $28,053 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: 57/18/25 Blend
67$2,230,000$2,230,000$2,230,000$2,230,000
68$2,462,895$2,344,705$2,310,140$2,586,243
69$2,684,262$2,429,747$2,357,681$2,756,292
70$2,927,268$2,518,017$2,405,875$2,938,124
71$3,194,092$2,609,641$2,454,714$3,135,718
72$3,487,130$2,704,755$2,504,188$3,350,605
73$3,809,027$2,803,497$2,554,288$3,584,468
74$4,162,693$2,906,014$2,605,002$3,839,161
75$4,551,335$3,012,456$2,656,317$4,116,722
76$4,978,486$3,122,981$2,708,218$4,419,397
77$5,448,038$3,237,753$2,760,690$4,749,658
78$5,964,279$3,356,945$2,813,714$5,110,226
79$6,531,934$3,480,733$2,867,272$5,504,099
80$7,156,208$3,609,306$2,921,342$5,934,574
81$7,842,835$3,742,856$2,975,901$6,405,285
82$8,598,134$3,881,586$3,030,924$6,920,233
83$9,429,066$4,025,706$3,086,382$7,483,823
84$10,343,302$4,175,437$3,142,247$8,100,906
85$11,349,293$4,331,007$3,198,487$8,776,828
86$12,456,351$4,492,656$3,255,066$9,517,473
87$13,674,735$4,660,633$3,311,947$10,329,323
88$15,015,752$4,835,198$3,369,091$11,219,519
89$16,491,857$5,016,622$3,426,455$12,195,925
90$18,116,777$5,205,187$3,483,991$13,267,205
91$19,905,636$5,401,188$3,541,652$14,442,901
92$21,875,097$5,604,933$3,599,385$15,733,527
93$24,043,526$5,816,743$3,657,132$17,150,663
94$26,431,154$6,036,952$3,714,835$18,707,066
95$29,060,279$6,265,911$3,772,430$20,416,791
96$31,955,470$6,503,982$3,829,848$22,295,322
97$35,143,797$6,751,546$3,887,017$24,359,718
98$38,655,093$7,009,001$3,943,861$26,628,772
99$42,522,230$7,276,760$4,000,298$29,123,190
100$46,781,431$7,555,254$4,056,241$31,865,784