Can I retire at age 68 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$184,977$183,329$181,722$180,153$178,621$177,868
2 years$91,573$89,867$88,215$86,612$85,057$84,298
3 years$60,442$58,729$57,081$55,493$53,964$53,220
4 years$44,880$43,172$41,540$39,980$38,488$37,766
5 years$35,545$33,848$32,237$30,708$29,258$28,560
6 years$29,324$27,639$26,052$24,558$23,151$22,478
7 years$24,882$23,211$21,649$20,190$18,828$18,181
8 years$21,552$19,896$18,360$16,937$15,619$14,998
9 years$18,963$17,323$15,814$14,427$13,154$12,558
10 years$16,893$15,270$13,787$12,436$11,208$10,637
11 years$15,201$13,594$12,138$10,823$9,639$9,093
12 years$13,792$12,201$10,772$9,493$8,353$7,831
13 years$12,600$11,026$9,624$8,381$7,284$6,786
14 years$11,580$10,022$8,647$7,440$6,385$5,910
15 years$10,696$9,156$7,807$6,635$5,622$5,170
16 years$9,924$8,400$7,078$5,941$4,969$4,539
17 years$9,243$7,736$6,441$5,338$4,406$3,997
18 years$8,639$7,149$5,880$4,810$3,917$3,529
19 years$8,099$6,625$5,383$4,347$3,491$3,124
20 years$7,613$6,157$4,940$3,937$3,119$2,770
21 years$7,174$5,735$4,544$3,573$2,791$2,461
22 years$6,776$5,353$4,188$3,249$2,502$2,190
23 years$6,413$5,007$3,867$2,959$2,246$1,951
24 years$6,080$4,691$3,576$2,698$2,018$1,741
25 years$5,775$4,402$3,312$2,464$1,816$1,555
26 years$5,494$4,137$3,072$2,253$1,636$1,390
27 years$5,234$3,894$2,853$2,062$1,475$1,243
28 years$4,992$3,669$2,652$1,890$1,331$1,113
29 years$4,768$3,461$2,468$1,733$1,202$997
30 years$4,560$3,269$2,299$1,590$1,086$894
31 years$4,365$3,090$2,143$1,461$982$802
32 years$4,182$2,924$1,999$1,342$888$719
33 years$4,012$2,769$1,867$1,234$804$646
34 years$3,851$2,624$1,744$1,136$728$580
35 years$3,700$2,489$1,631$1,045$659$521
36 years$3,558$2,363$1,526$963$597$468
37 years$3,423$2,244$1,428$887$541$421
38 years$3,296$2,132$1,337$818$491$378
39 years$3,176$2,028$1,253$754$445$340
40 years$3,062$1,929$1,174$695$404$306
41 years$2,954$1,836$1,101$642$366$275
42 years$2,852$1,749$1,033$592$332$247
43 years$2,754$1,666$969$547$302$223
44 years$2,661$1,588$910$505$274$200
45 years$2,573$1,515$854$466$248$180
46 years$2,489$1,445$802$431$226$162
47 years$2,408$1,379$754$398$205$146
48 years$2,331$1,316$708$368$186$131
49 years$2,257$1,257$666$340$169$118
50 years$2,187$1,201$626$314$153$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,240,000, adding $4,974 every year, while hoping to spend $45,067 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: 50/32/18 Blend
67$2,240,000$2,240,000$2,240,000$2,240,000
68$2,473,611$2,354,891$2,320,171$2,584,697
69$2,677,968$2,422,329$2,349,945$2,729,335
70$2,901,659$2,491,562$2,379,207$2,881,382
71$3,146,609$2,562,629$2,407,891$3,045,655
72$3,414,937$2,635,572$2,435,929$3,223,321
73$3,708,976$2,710,430$2,463,248$3,415,668
74$4,031,297$2,787,247$2,489,773$3,624,112
75$4,384,732$2,866,064$2,515,422$3,850,211
76$4,772,397$2,946,924$2,540,112$4,095,683
77$5,197,727$3,029,869$2,563,751$4,362,417
78$5,664,506$3,114,943$2,586,247$4,652,495
79$6,176,898$3,202,188$2,607,500$4,968,209
80$6,739,496$3,291,649$2,627,404$5,312,083
81$7,357,353$3,383,369$2,645,851$5,686,897
82$8,036,041$3,477,392$2,662,725$6,095,714
83$8,781,694$3,573,761$2,677,903$6,541,906
84$9,601,072$3,672,520$2,691,259$7,029,189
85$10,501,622$3,773,714$2,702,656$7,561,656
86$11,491,546$3,877,385$2,711,954$8,143,815
87$12,579,884$3,983,577$2,719,005$8,780,633
88$13,776,593$4,092,333$2,723,652$9,477,583
89$15,092,643$4,203,695$2,725,732$10,240,693
90$16,540,122$4,317,705$2,725,073$11,076,607
91$18,132,346$4,434,404$2,721,494$11,992,641
92$19,883,989$4,553,834$2,714,808$12,996,860
93$21,811,217$4,676,033$2,704,815$14,098,147
94$23,931,842$4,801,040$2,691,308$15,306,293
95$26,265,492$4,928,893$2,674,069$16,632,083
96$28,833,791$5,059,627$2,652,869$18,087,402
97$31,660,567$5,193,278$2,627,469$19,685,348
98$34,772,074$5,329,878$2,597,619$21,440,351
99$38,197,242$5,469,459$2,563,056$23,368,314
100$41,967,948$5,612,049$2,523,505$25,486,758